win river developments

Busy Start

Busy Start 150 150 Safe or Scam Support

The new year is only nine days old and our investigations into dodgy investments are back into full flow.

A low-cost legal action which was started in December against Clear View Marketing Services Ltd / European Property Coin took another step forward this week. We will be able to update investors on that at the end of the month.

The same is true of our action against a company involved in the huge StratXMarkets binary options scam. Lawyers representing the defendants in the claim appeared for the first time today. We think they will struggle to convince a court of their client’s innocence. Our client invested several hundred thousand pounds and they have failed to adequately respond to his claim or to explain their involvement. We think that as a result of our investigations this could easily end up with criminal charges being raised against the perpetrators.

Another conference call is arranged with a UK solicitor representing property owners in the Prosperity site at Bentley Court and Parkwood Court in Keighley. The call will be on 10th January where the solicitor will give an overview of his experience and an outline of the case against the opponents.

We have finally put a proposal to investors in the Essex and London Properties scam. It has taken a long time because of a Police investigation and the involvement of the Official Receiver but both a barrister and a UK solicitor believe there is a viable case against some of the parties involved. Conference calls with the solicitor are being set up so that investors can ask any questions they wish to raise.

The OurSpace Workspaces Ponzi Scheme investigation is going well. The administrator appointed by Kevan Halliwell / OurSpace Investments Ltd (Malta company) remains reluctant to answer straightforward and direct questions. We have had no answers to three emails, the earliest one was sent on 11th December 2018. In our opinion they are administrating a company that does not own the assets which Halliwell claims it does. Halliwell and Douglass tried to stitch up investors by removing the assets from investor control but they messed it up. This one will run for a long time. We asked the administration firm to advise us of their first contact with Kevan Halliwell and OurSpace. We asked if it was in 2017 when the asset transfer was being considered. They have not yet replied.

The Final Letter Before Action was issued to Simon Whittley of St Helier Capital Management Ltd, Win River Developments Ltd, Hawksbill Property Holdings PLC and others. There’s a lot of scams linked to one person. This one is another case in which the defendant has no viable defence. We are looking forward to investors having their day in court with this one. Even his long-term accomplice Simon Paler has been distancing himself from the companies in recent months.

Finally, we have held discussions with professional firms and investors over the action which can be taken against the oil investments run by three men – Martin Finch, Glenn Jamie King and David Alexander Hyman. The oil investment companies are Osage 1 Ltd, Phenco Ltd, Sooner-Energy SPV-1 Ltd, Kansas MB Project Ltd and Kansas B2 Project Ltd. Our investigations are continuing but we believe there is light at the end of the tunnel for investors.

We have probably missed a few off but it has been a very busy start. Our aim is to help ordinary investors recover some of their money from scammers and we are having some success.

St Helier Capital – Update

St Helier Capital – Update 150 150 Safe or Scam Support

Simon Whittley and St Helier Capital Management Ltd have filed the company’s overdue accounts. They are very concerning for people who were duped into buying Preference Shares. Since the company first started taking in funds in December 2016 it reports that by the end of February 2018, a mere 14 months later, it has NIL cash in the bank. It is owed £24,000. The bad news is that it owes £711,000.

Here are two classic Simon Whittley statements: “The director of the company has elected not to include a copy of the profit and loss account within the financial statements”. 

“As at 28 February 2018 it [the company] had minimal cash resources and net current liabilities of £711,037. As of this date the company has generated no trading revenue from which to meet these liabilities and is dependent on funding from related undertakings.”

What this means is that Simon Whittley is using money raised from investors in other junk bonds he has established to keep this junk bond going. The accounts show that St Helier Capital owes £57,000 to Hawksbill Property Holdings Plc (one of his companies funded by investors) and £114,000 to Win River Developments Ltd (another one of his companies funded by investors). No doubt he will be looking to establish another junk bond in the near future to try to capture another group of fresh investors. To view the latest accounts click on this link

Recent new companies which involve Simon Whittley include Grimaud 365 Ltd, Glenview Natural Energy Ltd and Antrim Road Developments Ltd. Mr Whittley tended to work closely with Simon Paler. Simon Paler was the man who would willingly lend his name and act as a company director for Whittley’s ventures. Not any longer it seems. In the past few months Simon Paler has resigned from many of Whittley’s companies.

One company not mentioned is Avianta Capital Consulting Ltd. Simon Paler resigned as a director in October 2018. The company lists its activities as “venture and development capital” and “renting and leasing of air passenger transport equipment”. Simon Whittley’s wife owns 50% of the shares in the company.

SOS has a website for St Helier investors. It can be accessed via this link.

To view the previous blog comment on St Helier Capital Markets and Simon Whittley click here.

Win River Developments Ltd

Win River Developments Ltd 300 200 Safe or Scam Support

Safe Or Scam successfully recovered investments made into Win River Developments Ltd for its clients. This company is owned and managed by Simon Whittley who has a history of defaulting on payments to investors, see http://www.thisismoney.co.uk/money/investing/article-3493079/Bad-news-horizon-investors-Highgrove-Osprey-8-25-bond-company-served-winding-petition.html. Note the comments at the bottom of the post from long-suffering investors.

The Win River Information Memorandum on which investors based their decision to invest contained false information and key facts which would have affected an investor’s decision to invest were omitted. Any investors who are unhappy with their investment into Win River Developments should contact us as soon as possible. We have serious concerns over this investment.

To view our latest update on the activities of Simon Whittley, the owner of two Win River companies please go to this PAGE

Please note that Win River Developments Ltd was wound up by Order of the High Court in London in January 2020.  Please click here to read the article.

 

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