James Regent-Blythe of 147-154 St Johns Street, London EC1 4PW, contacted me through his broker Mr Charles Fagbuyi of 10B Charteries Road, Finsbury Park, London N4 3AB, to purchase a diamond for $25 million. I have all the signed documentation with reference to this transaction.
James Regent-Blythe also provided a Letter of Intent and Proof of funds from UBS Bank in Switzerland (A Snap Shot Of His Bank Account) to prove to the seller of the diamond, that he was capable of purchasing this diamond. Mr Regent-Blythe also confirmed our commissions for co-rdinating the sale and for introducing the Seller, the commission was confirmed in the form of an Indemnity letter signed by Mr Regent-Blythe.
22nd of September was the deadline which the Seller had extended for the payment to be made to the Seller's trustee bank account. However, on the same day, Mr Charles Fagbuyi confirmed that Mr Regent-Blythe had accidentally paid the entire sum including the $25 million everybody's commissions to the paymaster's (for the commissions) account in Asia. They also provided a snapshot of the transfer of funds from the buyer's account.
Thus, within 48 hours, I travelled to Asia in order to ensure that the funds were not frozen due to money laundering regulations within the country. I spoke to all relevant authorities within the country to reassure them that the funds had been sent by accident to an incorrect account. I had to ensure that the funds could be diverted to the relevant accounts including the sellers funds without any delay and without any restriction by the government body.
I spent two weeks in Asia waiting to receive the funds and visited the bank twice a day to check this. I also kept on advising the buyer to check with his bank regarding the delay of funds and also requested for the transaction codes in order to trace the payment. I also advised the buyer, if possible to get the funds back to his account and pay the relevant parties without delay as the Seller was stunned and extremely anxious regarding the accident of sending the seller's funds to a third party account without any authority. I also arranged a conference call between the buyer, seller and buyer's broker so that they could advise the seller that the funds had been accidentally sent to the wrong account and that it was a genuine mistake as confirmed by Mr Regent-Blythe.
However, after two weeks, the buyer suddenly mentioned that the funds had been held up an in indemnity bank in Europe and that he had requested for the funds to be returned to his account and I was requested to return to England. The buyer also confirmed directly to the seller that he would transfer the payment to the Seller's account as soon as the Indemnity bank returned his funds (within 48 hours), for the purchase of the diamond.
However, since the second week of October, Mr Regent-Blythe has been leading the seller on regarding the payment. Many times he confirmed that the payment had already been carried out and made promises regarding forwarding the transactions codes to the end seller. We advised the buyer in writing that if he did not want to purchase the diamond, he should gracefully pullout and advise all parties concerned and re-imburse expenses.
To-date, Mr Regent-Blythe keeps on coming up with excuses and sob stories in order to play on the Seller's sympathies. Last week, I spoke to Mr Fagbuyi as Mr Regent-Blythe was not responding to my e-mails or phone calls and advised Mr Fagbuyi that we were giving them an ultimatum and would be taking legal action against them for fraud and requested accurate information regarding the transaction, in writing.in response, Mr Fagbuyi confirmed by text that after all this time of messing people around, the buyer would not be proceeding with the purchase. However, this is contradictory to their behaviour as the buyer and his broker were still in communication with the end seller. On receipt of the text, I wrote to both, Mr Regent-Blythe and Mr Fagbuyi requesting for a written confirmation that the they would not be proceeding with the purchase, however, nearly 10 days later, I am still waiting for a response from either of them.
What is shocking is, just a couple of days ago (today is 22/11), Mr Regent-Blythe had requested to borrow $25,000.00 from the end Seller in order to sort out a banking issue after which he has promised an immediate payment for the diamond. This is surprising behaviour from somebody who is trying to purchase a diamond for $25 million. This behaviour has confirmed what we have suspected for the past few weeks, that this man is a FRAUDSTER. This is the reason I am forced to file this complaint in order to recover all my costs for travel and loss of income.
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