Waddon Wealth - Scam?

[wainy]

I got cold called / emailed from some one from Waddon Wealth https://www.waddonwealthmanagement.com/ which is a subsidiary of Neville Bartholomew Investments

Looking on google - no reviews
Website Feefo / Trustpilot ratings do not exist
Office in Luxembourg
Company registered in Ireland
Returns of over 10%

Another scam artist?

[NickCQ]

FCA number directs us to NBI Investments Ltd, passported in from Cyprus
https://register.fca.org.uk/ShPo_FirmDetailsPage?i...

Irish company number directs us to NB (International) Ltd
https://search.cro.ie/company/CompanyDetails.aspx?...
https://www.duedil.com/company/ie/231786/nb-intern...
https://www.nb-international.com/ dead website archived here (https://web.archive.org/web/20180926110103/https://www.nb-international.com/#/)

All the directors of NBI appear to have some connection to Nabil Bank of Nepal (hence NB)
https://www.nabilbank.com/

'Neville Bartholomew' appears to be a made up name.

Do you feel lucky?

[snake_oil]

wainy said:

I got cold called / emailed from some one from Waddon Wealth https://www.waddonwealthmanagement.com/ which is a subsidiary of Neville Bartholomew Investments

Looking on google - no reviews
Website Feefo / Trustpilot ratings do not exist
Office in Luxembourg
Company registered in Ireland
Returns of over 10%

Another scam artist?

Seems totes legit. Also I have a great investment scheme in a bridge you may be interested in? Call me.

[JulianPH]

When anyone cold calls/emails you it is going to be a scam. When they offer completely unrealistic returns this confirms it is a scam.

A 11.9% guaranteed annual return with no capital risk is the very definition of a completely unrealistic return.

I have reported them to the FCA Scam Unit.

[wainy]

NickCQ said:

FCA number directs us to NBI Investments Ltd, passported in from Cyprus
https://register.fca.org.uk/ShPo_FirmDetailsPage?i...

Irish company number directs us to NB (International) Ltd
https://search.cro.ie/company/CompanyDetails.aspx?...
https://www.duedil.com/company/ie/231786/nb-intern...
https://www.nb-international.com/ dead website archived here (https://web.archive.org/web/20180926110103/https://www.nb-international.com/#/)

All the directors of NBI appear to have some connection to Nabil Bank of Nepal (hence NB)
https://www.nabilbank.com/

'Neville Bartholomew' appears to be a made up name.

Do you feel lucky?

I also looked in the company details and I picked up another call by mistake (didn't look who was calling) and they got quite defensive when challenged. Shame people get sucked in by the too good to be true promises!

[Hoofy]

I hear far too many scams these days and have to bite my tongue to avoid saying, "Look, if it doesn't happen, will you cut off your hand and send it to me? How convinced are you of this return?"

[anonymous-user]

I hope their investors are better than their web developers. Can't stand slow websites.

[anonymous-user]

ring up Martin Callan and ask him he gives a testimonial . https://callanandco.net/about-us/

Debbie Sorger is also Jean Rosauer, who has a tweeter account. There an american doctor on there as well.

Edited by Thesprucegoose on Tuesday 28th May 16:12

[anonymous-user]

Run like the wind.

I'm sure the FCA will be right on to it, once the directors have got enough millions offshored and the punters who've lost thousands each can go fk themselves as the FSCS doesn't cover the unregulated investments...

[JulianPH]

janesmith1950 said:

Run like the wind.

I'm sure the FCA will be right on to it, once the directors have got enough millions offshored and the punters who've lost thousands each can go fk themselves as the FSCS doesn't cover the unregulated investments...

They will need some tea first.

[DonkeyApple]

JulianPH said:

janesmith1950 said:

Run like the wind.

I'm sure the FCA will be right on to it, once the directors have got enough millions offshored and the punters who've lost thousands each can go fk themselves as the FSCS doesn't cover the unregulated investments...

They will need some tea first.

And some long lunches and a call from Westminster.

[bad company]

From the bottom their 'Who we are' web page. Speaks volumes. AVOID!!!!

Investment into Waddon Wealth Bonds is not protected from loss by the Financial Services Compensation Scheme (FSCS) and your capital invested is at risk.

[Derek Chevalier]

DonkeyApple said:

JulianPH said:

janesmith1950 said:

Run like the wind.

I'm sure the FCA will be right on to it, once the directors have got enough millions offshored and the punters who've lost thousands each can go fk themselves as the FSCS doesn't cover the unregulated investments...

They will need some tea first.

And some long lunches and a call from Westminster.

https://www.moneymarketing.co.uk/what-fca-must-learn-from-30-years-of-regulatory-failure-nick-bamford/

[easytiger123]

janesmith1950 said:

Run like the wind.

I'm sure the FCA will be right on to it, once the directors have got enough millions offshored and the punters who've lost thousands each can go fk themselves as the FSCS doesn't cover the unregulated investments...

They're already onto NB International.

https://www.fca.org.uk/news/warnings/nb-internatio...

[DonkeyApple]

Derek Chevalier said:

DonkeyApple said:

JulianPH said:

janesmith1950 said:

Run like the wind.

I'm sure the FCA will be right on to it, once the directors have got enough millions offshored and the punters who've lost thousands each can go fk themselves as the FSCS doesn't cover the unregulated investments...

They will need some tea first.

And some long lunches and a call from Westminster.

https://www.moneymarketing.co.uk/what-fca-must-learn-from-30-years-of-regulatory-failure-nick-bamford/

He certainly speaks a lot of sense. My personal view is that the arrival of the FSCS led to the final and total switch off of the FCA as an actual regulator and its conversion to just being a cleaning management service. They will let anyone in to do any business and let it all go wrong and then just take money from the legitimate firms and hand it out to the victims.

At the same time, this pot of endless compensation has only served to make retail investors care even less about their own money. On paper we should have the most savvy retail consumers that have ever existed. The credit crunch and multiple massive scams have been played out via front page media, vast teams of articles covering how thieves target retail consumers. And yet we arguably have the most ignorant and careless retail consumers of all time currently in the market place.

One wonders whether the single change that we should all force upon the FCA is to set up a system whereby any retail consumer must complete an acquisition form at the FCA before ever being able to buy any type of financial product and in addition receive a simple booklet in return that explains how all the scams work. Set it that no firm can onboard any client who has not made this application to the FCA and that no client can ever receive any level of compensation if they have not completed it.

In addition, through this database of investors the FCA should be corresponding with regular educational updates.

It’s like all those final salary pension clients who were scammed into filth products. The FCA knew that the moment the law was changed to allow the individuals access that they would be swooped upon by every single bent advisor living in Britain. And knowing this they actively chose to throw them to the wolves with a hideously flawed system that practically facilitated and guaranteed that many who it is their sole job to protect were savaged by people who they were supposed to police.

And what is worse is that it is now repeating itself with the second line vulture attack of advisors swooping in to assist these victims. We know that in amongst these advisors are more than a few who know that these victims are proven suckers, that they have money and that they are very easy pickings to just get them to sell out of where they are and put them elsewhere and rape a load of fees out of them a second time around. We know this is happening. The FCA does but it won’t be regulating any of the advisors, checking their workings and they won’t be educating their consumers as to what the risks are. They will just be sitting there doing absolutely nothing and just hand out some other people’s money to make it all go away at a later date.

[Condi]

easytiger123 said:

janesmith1950 said:

Run like the wind.

I'm sure the FCA will be right on to it, once the directors have got enough millions offshored and the punters who've lost thousands each can go fk themselves as the FSCS doesn't cover the unregulated investments...

They're already onto NB International.

https://www.fca.org.uk/news/warnings/nb-internatio...

Bearing in mind both entities (FCA + NB International) are based in London, why can't the FCA do anything more than simply put a note on their website. If the company are behaving illegally, the surely someone from the FCA should go to the office and shut them down? Or at least ask difficult questions about what they're up to.

[DonkeyApple]

Condi said:

Bearing in mind both entities (FCA + NB International) are based in London, why can't the FCA do anything more than simply put a note on their website. If the company are behaving illegally, the surely someone from the FCA should go to the office and shut them down? Or at least ask difficult questions about what they're up to.

I recall in my first year of working, coming out of Chancery Lane station and walking towards the office behind a team of about 20 serious looking officials. I followed them all the way to the office and was a little surprised when they all poured into the building and up to the second floor to one of the offices where they removed a broker and all his files.

He ran the largest client book in the firm and we assumed that one of his clients had been up to no good. The truth transpired to be a little different. All his clients had been up to no good, he had been facilitating their activities for years and his missing wife turned out to have been whacked in their Monaco home and body flung in the sea.

That was the SFO though. The same people who raided a well known chap of great family distinction at 3am twice but who now runs a rather large mini bond business after seemingly not being able to get a banking license.

[LeoSayer]

Condi said:

Bearing in mind both entities (FCA + NB International) are based in London, why can't the FCA do anything more than simply put a note on their website. If the company are behaving illegally, the surely someone from the FCA should go to the office and shut them down? Or at least ask difficult questions about what they're up to.

Putting a note on the offender's website would be a start.