Usacomplaints.com » Miscellaneous » Complaint / Review: Iain stamp - Scamster. #1104121

Complaint / Review
Iain stamp
Scamster

HEADLINE - PPF via its affiliated Irish section 110 Special Purpose Vechicles (or SPVs), offer 100% project funding which is recourse to the asset security/project only. To balance the risk of lending 100% PPF takes a 20% equity share in each project.

MR STAMP THROUGH HIS HEADLINE TAKES ADVANCED FEES WHICH ARE HELD IN ESCROW BY A US LAWFIRM THAT IS ACTING IN THE EUROPEAN MARKET, IN A DIFFERENT COMPANY NAME WHILE CLIENTS BELIEVING THAT THEIR ADVANCE FEES ARE SAFE. HE HAS TAKEN ADVANCE FEES FROM MANY TENS OF CLIENTS AND HAS A PIPELINE OF FRONTING COMPANIES THAT COLLECT FOR HIM. THE FUNDS ARE POOLED IN ESCROW AND THEN USED FOR PERSONAL AND UNAUTHORISED PAYMENTS LEAVING INVESTOR WITH A LOSS AND NONE RECEIVING THE LOAN. SELLS A COMPELLING STORY OR USES REPUTABLE BUSINESSES TO SELL THE STORY. MANY TENS OF CLIENTS OF HIS ARE SUING HIM FOR RETURN OF FUNDS. HE IS MAKING HIS OFFERS WITHOUT A LICENSE TO OPERATE AS A FINANCIAL INSTITUTION AND WITHOUT REGISTRATION TO OFFER LOANS. HIS COMPANIES HAVE ZERO BALANCE SHEETS AND HE HAS WRITTEN LOAN CONTRACTS AMOUNTING TO IN EXCESS OF TEN BILLION, ENTICING UNSUSPECTING INVESTOR OUT OF ADVANCE FEES.
Date:

Offender: Iain stamp

Country: UK   County: HAMPSHIRE   City: PORTSMOUTH

Category: Miscellaneous

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