CWM FX - I Told You So !

pentagon bank clowns - givers of comedy gold

insider circus sources inform me billy smarts refused to give them an interview, showed them the door. chipperfields looked at the cv, laughed and told them to **** right off!

a little harsh I feel, as surely they are missing the dynamic duo comedy genius :D

I simply cannot believe anyone is foolish* enough to get involved with these 3rd party clowns.

*mind you if they were foolish enough to fall for the cwm nonsense then I guess these clowns look great :whistling
 
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Oh go on then, there’s nothing on the TV as usual and I’m game for a bit of sport……

Sam, dear boy……
I have added some comments to the long winded ramble you seem to have published below. I have found some sections to be rather difficult to master, as obviously your command of written English is not first rate. Which, incidentally, is strange for somebody who grew up in Coventry and went to university in Leicester (no brummie jokes please chaps…..), although I would like to congratulate you in completing your Masters in two years. Excellent work, most people take four or five.

Forgive me for asking, as I’m sure you read these forums, would you be the same Samuel Salvatore Zumbe that was a director of two UK companies now dissolved; Caerus Equinox Management in York and Caerus-Global-Capital (UK) of Leicester and the current director of Caerus Global Capital registered to your accountants in London and recently just managing to avoid being struck off, again? Its just your online profile says these are businesses in New York? And they all appear to be in the construction sector, rather than high finance? (T2W, this is all in the public domain, companies house.)

Whilst looking at your CV you forgot to mention on your action packed LinkedIn profile your time at IBEX construction. That is you on the left in the photo yes, the business development director?
http://www.asap-pr.com/?postid=244#
Or your time at Sovereign and partners in Geneva (you do get around)?
http://geneva.angloinfo.com/forum/user/894224/

Mind you, your latest venture (Newport) has only been formed in Delaware since March 2015, good timing that what with CWM’s problems that month. And you managed to get all those bank licences in four months wow, nearly as quick as your masters degree.
http://www.bizapedia.com/de/NEWPORT-ENTERPRISES-GROUP-LLC.html

I see your business partner “Jean-Philippe Grange” has an online profile remarkably similar this this nice chap https://kz.linkedin.com/pub/essen-shokparov/37/71/b5 who seems to specialise in this type of fraud: https://www.linkedin.com/grp/home?gid=4267906 (anyone interested in this type of nonsense can read up on it here http://www.tannerdewitt.com/conditional-mt-103-no-siree/ ) but its all garbage.

So, an interesting life you chaps lead.
I thought I’d offer a few words on your letter doing the rounds:

Many of you may have seen the so called Off Shore Alert.
OffshoreAlert editor David Marchant interviews fraudsters Sam Zumbe & Jean Philippe Grange
You will all know that off shore tax havens were outlawed in October of 2014by the OECD members and so he is already operating as a “dodo”.
Maybe you should speak to the Governments of Jersey, Guernsey, Isle of Mann, Dubai, Mauritius, BVI, Bahamas, Seychelles, Bermuda and so on and so forth and explain to them offshore jurisdictions are now illegal. (I doubt you know it, but you can even form an offshore company in the UK. But that’s against the international law of the OECD then, is it?)

FACTA is the new offshore and the only legal status for fiscal benefits off shore.
FACTA, or Foreign Account Tax Compliance Act, is a piece of US Legislation that requires banks, investment companies, funds and such like to register with the IRS in the US if they have United States taxpayers as clients. It is nothing to do with anything offshore; perhaps you’d explain to Canada for example that this piece of legislation makes them offshore? It’s also not an agency, or regulator or anything like that; it’s just a piece of tax legislation.

The internet is one of the last fee bastions of free speech; however, it does not mean that there is no redress for illegal activity or libel.
Don’t disagree

For those of you that may be concerned, you will need to know that the US Dept. of Justice have already written to this so called journalist (whom is just a “cheap mouth for the City of London ” since they have no evidence to operate in any other manner).
Not quite, if you actually read the site you would see it discuss many things in many jurisdictions. In fact the City of London content is quite small. I also doubt very much anyone has written anything, have they.

The facts are completely wrong and consequently, he has 21 days from the date of the letter to respond to the US Regulators.
What regulator in the US would that be then? Perhaps you might enlighten us as to what regulator controls the Internet? It wouldn’t have escaped your attention that the site and Mr Marchant are based outside the US, so rather difficult for any regulator (in the US) to deal with or claim jurisdiction over, particularly as he’s a journalist, don’t you think? (You guys should know, because you’re not in the US either are you?)

If he does not prove his accusations (impossible), then he will be forced to retract the posting and will certainly lead to financial penalties and possibly the closure of this so called journalist financial alert site.
By whom? Have you filed a defamation claim then? Perhaps you’d post a copy. Given Mr Marchant’s detailed website I’m sure many crooks he has exposed have threatened all sorts of actions. He’s still there though, isn’t he? I for one would love to see you two in court, would you like to go before a judge and prove everything you say?

It pays to be knowledgeable when criticising third parties, sadly for this person, he has made huge mistakes and no research.
Persons assisting this journalist will be deemed to be part of the illegal conspiracy and so it is not recommended.
Illegal conspiracy? Go on then, count me in I love a good conspiracy. And knowledgeable, you two? I think you’ve already sailed that one home sunshine.

Indeed, the recording actually succinctly explains the details of our role for those of you with the patience to listen to his ramblings.
His ramblings? Do you mean a different recording to the one we all listened to as posted here? I thought it was you rambling?

Should anyone have any queries, please feel free to let me know.
Equally, if anyone knows whom has instigated this journalist to make these outrageous accusations, please let us know, the US regulators are gathering their evidence. I should add that this Journalist is only serving to destroy the case for clients to redeem, as the UK regulators do not have this on their agenda at this time.
Clients to redeem what? I am sure that if money was really available the UK regulator and police would be delighted to repatriate to those people CWM stole it from. It’s either there or its not, anything written in the press can’t affect that. Or do you mean, it might stop the investment you are proposing to guarantee the clients a return on their original investment? That will be the secondary scam then!
Why would you care anyway, its not as if you stole it, you just bought the client list?

Redress is only possible in the US.
Why’s that then? If you have something to prove, facts that are in dispute or wrong then it’s very simple. Get your lawyer to file in a jurisdiction where the site, or owner is based, and have your day in court. Got the b@+#s for it chaps?
 
gingernut said:
What is a HNW person?
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a true high net worth individual with integrity earns their money with intelligence and a certain degree of graft. I very much believe such an individual would be able to spot potential investment fraud, and not go anywhere near anything that promised such a substantial monthly return. but it's not just that, "sophisticated investor" is also used in the blurb from these clowns, along with "understanding of alternative investments". alternative investments usually mean carbon, diamonds, managed forex funds etc etc, the stuff of hyip, Ponzi, and outright fraud that the cold call often brings, or the mlm slimming pill sellers advertise across the net, where ordinary investors are targeted - see the $53m fund fraud in this thread.

so that's not you then if you got involved with these clowns :p ....only joking sir :D
 
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Tracker535 said:
You are on the wrong board, however I'll answer it for you.

No, to sell software in the UK you don't need to be regulated.

Before buying the software though, make sure you follow these simple steps:

1. Sit in a nice comfy chair.
2. Make yourself some strong tea.
3. Relax.
4. Clear you mind.
5. Ask yourself a simple question: "If its that good, why do they want my $1,500 per month? Surely they would sell it to Goldman Sachs and take a small percentage of the $Billions they trade every day?"
6. Repeat Step 1, as many times as it takes...............:clap:
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Thanks mate
Ok so UK govt does not bother if anybody under the disguise of software selling effectively is selling a prediction regarding financial product which may make them loose money.. h...........m
 
getting back on track

so who are Capitis Fora llp, the stench of cwm is all over it, more to the point what do they do? anyone know?

CWM Holding LLC are directors, as was kelvin mercer (of cwm financial and cwm solutions fame) see http://www.endole.co.uk/company/OC348041/capitis-fora-llp

interestingly Newport Enterprises Group LLC have been a director since april 2014, have to say I don't recall disclosure of this particular cwm relationship in their communications to offshore alert.
 

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capitis fora is indeed a rotten egg :LOL:

Investors were persuaded in 2014 to invest in a “managed account”. The monies invested would then be traded on the foreign exchange market. On the face of it, it looked an extremely attractive investment offering a 5% guaranteed return together with the ability to withdraw funds on 30 days’ notice.

In respect of the transactions that we have reviewed to date the investment from investors was paid from investors’ own banks to a bank account in the Cayman Islands with DMS Bank & Trust Limited (“DMS“). We understand that DMS is a substantial bank with a number of offices throughout the world. Once the investment had been deposited with DMS monies were withdrawn from CWM’s bank account with DMS and returns paid to investors from an account held by Capitis Fora LLP. The CWM account with DMS collated payments from investors and sent regular transfers to Capitis Fora LLP. Monies were also utilised to pay companies controlled by CWM and their representatives and to staff working for and on behalf of CWM. The remainder of the monies held in the CWM account with DMS was returned to investors by way of return of capital. Thereafter the balance was spent on sponsorship of such sporting institutions as Chelsea Football Club, Barry McGuigan Boxing Promotions and Honda Racing. In addition other spending included private jets and general lifestyle expenditure. In all I am led to believe £50 million entered the CWM account with DMS.

£49 million left the account which left approximately £1 million in the account. This has been frozen by DMS. We have raised the issue of freezing the account with the Metropolitan Police and they are absolutely 100% confident that this money will remain frozen until the outcome of their criminal investigation which will take possibly two years to conclude.

It is self-evident that the representations made to investors with regard to the protection of their investment was completely fraudulent. In fact, the Metropolitan Police have informed us that none of the monies deposited by investors was actually traded on the foreign exchange market or any other market for that matter. The Metropolitan Police have concluded that all of the monies received from CWM was dissipated amongst the principal officers of CWM, its associated companies or their associated companies or on non-business items and investment “returns”.
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you never know what their intentions are, I am reticent to link to the site and to further scams. suffice to say I have saved links and webpages. the site is quite easily found, especially now I've quoted from it, so if you are a cwm victim please proceed with caution!!

The Metropolitan Police have concluded that all of the monies received from CWM was dissipated amongst the principal officers of CWM, its associated companies or their associated companies or on non-business items and investment “returns”.
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well there you have it, if that's bona fide information then it's game over for all these clowns and jail time. deleting twitter/facebook feeds, burning of websites, companies and resigning as directors etc isn't going to help hide involvement.

the thread that keeps giving.
 
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don't fret Watfordwig I've a strong feeling the introducers will be getting there's too :D

The information within this website is what we have sent to investors and to “introducers”. These “introducers” have unfortunately refused to co-operate with us because they are too afraid of the fallout. These are the same people who were receiving commissions of up to 5% per month to guide you to this marvelous investment.
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so after that little sunday morning foray we can conclude Newport Enterprises Group LLC, by way of the timeline of their involvement in capitis fora, are up to their necks in it, having to stand on tiptoe i'd imagine :p
 
it's official, as if we couldn't already guess.

You might want to sit down before you read this next part, but, your investment is for all intents and purposes, worthless.
Click to expand...

what would pboyles have made of it all :LOL:
 
This is great stuff chaps.

Life is strange sometimes. I saw the name Harry Mercer and it rang bells, I couldn't think why and am still struggling for detail but three of four years ago somebody asked me about an FX trading offering run out of the North West by a chap named Harry Mercer, his son and an ex IFA called Paul Zaki.
Usual story, guaranteed returns, you couldn't meet the trader, ultra hush hush etc etc.

I think I may have even offered to meet the chap, it never happened (I wonder why.....).

So here we have the CWM crowd taking over from the Mercer's, we have Mercer junior running round at Heron Tower (this won't stay up for long) https://twitter.com/kelvinmercer

I'm sure more will come back to me, I'm going to dig round this Zaki chap and his previous regulated firm, particularly the people he worked with. What's the odds some of them turn up on the introducers lists.
 
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Found the site mentioned above.

If you are reading this as an investor in CWM you may wish to consider a "Class Action Lawsuit".
I'm sure if you use that phrase, along with CWM you will read something to your advantage.
 
nice one tracker (y)

yes they seem bona fide lawyers, it all appears on the level. smacks of ambulance chasing though, and why I will not link directly to it.

what are the investors chances of getting blood out of a stone I wonder? there's no to little money left in the kitty, cwm lived it up and spent the lot. so they are going after the bank itself? for failure of fiduciary duty? the bank appear to be using the manager as the scapegoat, therefore beginning mounting a defence already.
 
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