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Your money isn't safe anymore and the rule of law isn't being enforced. I have a duty to warn you about this.
Wayland Ellis
19th May, 2018
I've published a report titled 'Why Your Money Isn't Safe Anymore' about scams and the inaction of the British authorities regarding matters such as these.
The report can be downloaded from https://notochallenge25.weebly.com/publications.html.
Here is a synopsis. I'll start with my own personal story about a company I investigated after I, along with others, were conned out of thousands of pounds.
I invested £7,300 with SolidCFD in August 2016, and another £450 in December 2016, £7,750 in total. After SolidCFD started pressuring me to invest more money from December 2016 to March 2017, I got suspicious. And so I started an investigation against them.
My investigation produced overwhelming evidence of fraud.
Many other people had made complaints about SolidCFD on forums such as sitejabber. I interviewed some of them. The most common complaints were that people couldn't withdraw their funds or that SolidCFD had even taken money from their bank accounts without authorisation. One person apparently lost as much as £180,000 according to her accountant. I have a duty to these people and I won't stop fighting for them.
I documented my own experiences and those of others in much detail in my Case Report.
But what was even more shocking than the crimes was the ineptitude of the British authorities.
When I reported the case to Action Fraud in April 2017, rather than look at my Case Report, I had to fill in a 'reporting form' that only asked for a few details, such as the name of the organisation in question as well as the bank details of any transaction. And the questions asked on their website did not even allow me to give the full details of the accounts involved. Bank account details for example, can be several lines long, and so a one-line answer can be insufficient. I was not given the opportunity to send them my own Case Report which I myself wrote, that had most of the evidence.
Action Fraud now assesses cases using an algorithm and fewer than 1 in 100 cases are passed on to the police. This only encourages would-be criminals. What disincentive do they have if there is little risk they will be caught? For criminals, it is a numbers game. If they make a 1000 calls, they only need to succeed in scamming one person and it's payday!
Note: Action Fraud is Britain's national reporting agency for fraud and internet crime.
I received a letter from Action Fraud maintaining that the National Fraud Intelligence Bureau could not identify "sufficient leads" that would result in a successful criminal investigation.
I did contact Action Fraud with my Case Report, but they did not pass it on to the National Fraud Intelligence Bureau. I had made things easy for them as my Case Report clearly proved the guilt of the accused, in this case the company SolidCFD. However, it is clear that no-one read my Case Report. I would have liked them to look at it. It had the full bank details of the suspects involved.
After I sent them screenshots of my bank transaction details, they said the accounts were in Cyprus and that it was therefore 'outside of the jurisdiction' of the British police. I was told that there must be a 'reciprocal agreement' between police forces in different countries for them to be able to work together.
What I was told is a lie.
They told me they couldn't investigate the case because it would be outside of their jurisdiction, when there are in fact legal procedures in for investigating international cases like these. Because both Britain and Cyprus are still members of the EU, agencies already exist through which police forces can interact.
In light of this case, I strongly suggest people reconsider making any investments in UK-based companies.
Please share this information with as many people as possible.
Regards,
Wayland
Wayland Ellis
19th May, 2018
I've published a report titled 'Why Your Money Isn't Safe Anymore' about scams and the inaction of the British authorities regarding matters such as these.
The report can be downloaded from https://notochallenge25.weebly.com/publications.html.
Here is a synopsis. I'll start with my own personal story about a company I investigated after I, along with others, were conned out of thousands of pounds.
I invested £7,300 with SolidCFD in August 2016, and another £450 in December 2016, £7,750 in total. After SolidCFD started pressuring me to invest more money from December 2016 to March 2017, I got suspicious. And so I started an investigation against them.
My investigation produced overwhelming evidence of fraud.
Many other people had made complaints about SolidCFD on forums such as sitejabber. I interviewed some of them. The most common complaints were that people couldn't withdraw their funds or that SolidCFD had even taken money from their bank accounts without authorisation. One person apparently lost as much as £180,000 according to her accountant. I have a duty to these people and I won't stop fighting for them.
I documented my own experiences and those of others in much detail in my Case Report.
But what was even more shocking than the crimes was the ineptitude of the British authorities.
When I reported the case to Action Fraud in April 2017, rather than look at my Case Report, I had to fill in a 'reporting form' that only asked for a few details, such as the name of the organisation in question as well as the bank details of any transaction. And the questions asked on their website did not even allow me to give the full details of the accounts involved. Bank account details for example, can be several lines long, and so a one-line answer can be insufficient. I was not given the opportunity to send them my own Case Report which I myself wrote, that had most of the evidence.
Action Fraud now assesses cases using an algorithm and fewer than 1 in 100 cases are passed on to the police. This only encourages would-be criminals. What disincentive do they have if there is little risk they will be caught? For criminals, it is a numbers game. If they make a 1000 calls, they only need to succeed in scamming one person and it's payday!
Note: Action Fraud is Britain's national reporting agency for fraud and internet crime.
I received a letter from Action Fraud maintaining that the National Fraud Intelligence Bureau could not identify "sufficient leads" that would result in a successful criminal investigation.
I did contact Action Fraud with my Case Report, but they did not pass it on to the National Fraud Intelligence Bureau. I had made things easy for them as my Case Report clearly proved the guilt of the accused, in this case the company SolidCFD. However, it is clear that no-one read my Case Report. I would have liked them to look at it. It had the full bank details of the suspects involved.
After I sent them screenshots of my bank transaction details, they said the accounts were in Cyprus and that it was therefore 'outside of the jurisdiction' of the British police. I was told that there must be a 'reciprocal agreement' between police forces in different countries for them to be able to work together.
What I was told is a lie.
They told me they couldn't investigate the case because it would be outside of their jurisdiction, when there are in fact legal procedures in for investigating international cases like these. Because both Britain and Cyprus are still members of the EU, agencies already exist through which police forces can interact.
In light of this case, I strongly suggest people reconsider making any investments in UK-based companies.
Please share this information with as many people as possible.
Regards,
Wayland
