I am myself a Victim of Privilege Wealth Scam
(payday loan investment scam) which Brett Jolly is behind. I'm
posting here because Jolly is now in Asia and he is targeting Asian
and expat investors as his next victims.
The company's directors are Richard Colwell, in
whose name the notice was published; Mark Munnelly, and Martin
Sampson, all of whom are facing potential substantial liabilities
as a result of the estimated more than $40 million investment fraud
that was perpetrated by the Privilege Wealth Group, which comprised
companies and individuals in several countries, most notably
England, Gibraltar, Luxembourg, Panama, and Spain.
Reported by OffshoreAlert, the ultimate
controlling person in the group was British serial fraudster and
disqualified U.K. company director Brett Jolly, a.k.a. James Jolly,
while other senior participants included Munnelly, Sampson, British
salesman Andrew Sweeney, and South African attorney Peter
Stokes.
The payday loan scam model is: they claim to lend
money to the poor people in US at an interest rate between 200-390%
per year and in this way the group assures its investors a high
profit. And there is even an insurance to insure all loan capital
against loss, wrongful acts and default. Based on the description
of the insurance provided by Privilege Wealth, the insurance can
guarantee the capital of the investors in case of Crime (internal
and external), Cyber Attract and Capital shortfall.
This scam is reported by David Marchant of the
blog Offhshorealert- https://www.offshorealert.com/ and by Tony
Hetherington of Mail on Sunday-
http://www.thisismoney.co.uk/money/experts/article-4763678/Banned-11-years-1m-bogus-investment-cheat.html
Here are Brett Jolly's famous scam
stories:
- 16 years ago, Brett Jolly's Holland Moorehouse
in South Africa made more than 8000 people lose their investment
for holiday accommodation and he left SA in a sudden without anyone
knowing.
https://www.iol.co.za/news/south-africa/timeshare-dream-turns-into-a-nightmare-79184
- Here are some other investment scams beside pay
day loan of Privilege Wealth and Creditech:
Timber in Ghana to get minerals in Ireland /
Non-existing property in Brazil / Carbon credits......
- Professional stuff and website, beautiful
stories at beginning.
- Pretending London-based offices / stuff turned
out to be in Spain.
- Partnership in Gibraltar never used banks of
Gibraltar, instead, all transactions were made to UK
accounts.
- Never received your title of what you have
invested or in the case of Privilege Wealth, no new contract
regarding the resolution.
- No one answered the phones / emails/ etc and
all the directors disappeared after you put money in.
- Companies went to liquidation.
- Brett Jolly argued that he was a victim himself
( he really enjoys arguing and being a victim himself ).
http://www.mirror.co.uk/news/uk-news/green-planet-property-investment-scam-2860441
http://www.thisismoney.co.uk/money/experts/article-2516152/Green-Planet-Investment-promoted-Lee-Sharpe-closed-investors-lose-14m.html
http://www.redd-monitor.org/2013/03/07/anglo-capital-partners-another-boiler-room-scam/
https://www.lovemoney.com/news/24425/why-this-property-investment-was-wound-up-by-the-high-court
http://www.insolvencynews.com/article/16294/corporate/brazilian-land-scheme-firm-wound-up-by-high-court
http://www.echo-news.co.uk/news/10843101.Southend_businessman_facing_fraud_probe_after__investment__firm_loses___14million_invested_by_300_people/
http://www.bbc.com/news/business-28013148
When you search for the “biggest diamond in the
world” on Youtube, you can see Brett Jolly promoting this “amazing
diamond” which was found out totally FAKE.
https://www.youtube.com/watch?v=OT51mN6FLgI
https://www.theguardian.com/world/2007/oct/06/southafrica.international
https://www.independent.co.uk/news/world/africa/worlds-biggest-diamond-revealed-as-fake-396153.html
These are the companies involved with these
scammers which continue to propose "payday loan investment" to
potential investors like Privilege Wealth did:
GENERAL WEALTH PORTFOLIO 1 LLC
GENERAL WEALTH PORTFOLIO 3 LLC
GENERAL WEALTH PORTFOLIO 4 LLC
GENERAL WEALTH INC (INACTIVE)
CREDITECH USA, INC (INACTIVE)
CREDITECH USA, LLC
C-TECH FINANCIAL CORP
FINTECH SOFTWARE DEVELOPMENT GROUP INC
USC LOANS, LLC
Those companies are registered in Florida. Others
such as Creditech / Investabl / International Portfolio Service /
Prestan Invest are registered in UK.
Privilege Wealth is going to be put to
liquidation as 77 of Brett Jolly's former companies. They are worse
than a casino- with them, you will have absolutely no chance to
win.
Asian investors, please be cautious of these
people and of payday loan investment scam. You want to make
profits, they want your capitals.