SMD Exchange - another Carl Wright company!

[chtp0103]

If approached by this company, please do your research first !

I'm sure everyone knows Carl Wright by now. He ran Cartel Client Review before it went bust owing millions of pounds. He appeared to do quite well out of it though! He then went on to setup Grass Roots Financial to try and repeat what he'd done at Cartel. When he was rumbled for that and received a lot of adverse publicity, he then turned his attention to SMD Exchange Ltd. This is the company he is now operating through and is trying to pull the same trick that he did with Cartel Client Review.

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

For reference, below is a complete list of companies that he is running.

About My Rights Ltd (07610068)
Alternative Debt Management Ltd (07385850)
ANS Client Solutions Ltd (07614267)
Arbitration Exchange Ltd (07382897)
Commercial Finance Online Ltd (05811341)
Credit Reference Solutions Ltd (07313644)
CWPS Outsourcing Ltd (06778545)
Grass Roots (Financial) Ltd (05979001)
Legal Ness Ltd (07383178)
Mediation Exchange Ltd (07382701)
My PPI Claim Ltd (07366757)
Sales Management Distribution Services Ltd (06864530)
Small Claims Advice Bureau Ltd (07614935)
SMD Assessment Services Ltd (07386910)
SMD Channel Supply Ltd (07614807)
SMD Consumer Network Ltd (07492183)
SMD Corporate Accounts Ltd (07509442)
SMD Distribution Exchange Ltd (07509425)
SMD Exchange Ltd (06614048)
SMD Processing Ltd (07614747)
SMD Solar Exchange Ltd (07382919)
SMD Solar Exchange Distribution Ltd (07432898)
The Loan Facility Ltd (07772856)

There are also some questions around an offshore company named Bora Bora Real Estate PCC which is based in Jersey.

[TUTTSI]

Re: SMD Exchange - BEWARE, another Carl Wright company!

It only shows up in Google when you type in SMD Exchange beware otherwise I could not see it.

Just wonder if the title should be switched so that this title is the SMD Exchange, then it will come up in Google rather than the other one SMD Exchange Beware. If you this this is a good idea I will ask Admin.

For reference, below is a complete list of companies that he is running.

About My Rights Ltd (07610068)
Alternative Debt Management Ltd (07385850)
ANS Client Solutions Ltd (07614267)
Arbitration Exchange Ltd (07382897)
Commercial Finance Online Ltd (05811341)
Credit Reference Solutions Ltd (07313644)
CWPS Outsourcing Ltd (06778545)
Grass Roots (Financial) Ltd (05979001)
Legal Ness Ltd (07383178)
Mediation Exchange Ltd (07382701)
My PPI Claim Ltd (07366757)
Sales Management Distribution Services Ltd (06864530)
Small Claims Advice Bureau Ltd (07614935)
SMD Assessment Services Ltd (07386910)
SMD Channel Supply Ltd (07614807)
SMD Consumer Network Ltd (07492183)
SMD Corporate Accounts Ltd (07509442)
SMD Distribution Exchange Ltd (07509425)
SMD Exchange Ltd (06614048)
SMD Processing Ltd (07614747)
SMD Solar Exchange Ltd (07382919)
SMD Solar Exchange Distribution Ltd (07432898)
The Loan Facility Ltd (07772856)

There are also some questions around an offshore company named Bora Bora Real Estate PCC which is based in Jersey.

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

There are also threads discussing this at the following URLs:

http://forums.moneysavingexpert.com/...php?p=52416499
http://forums.moneysavingexpert.com/....php?t=2346815
http://www.scam.com/showthread.php?t=126656
------------------------------- merged -------------------------------
It comes up on page 2 of Google now.

[TUTTSI]

Re: SMD Exchange - BEWARE, another Carl Wright company!

Last night I noticed 12 visitors reading the thread so it is being found and read.

There are also threads discussing this at the following URLs:

http://forums.moneysavingexpert.com/...php?p=52416499
http://forums.moneysavingexpert.com/....php?t=2346815
http://www.scam.com/showthread.php?t=126656
------------------------------- merged -------------------------------
It comes up on page 2 of Google now.

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

Last night I noticed 12 visitors reading the thread so it is being found and read.

Very true. It would just be nice if absolutely everyone who would otherwise fall foul of Carl Wright found this thread. All the threads warning people about Carl Wright seem to fall outside of the top 10 on Google if people search for SMD Exchange. If you search for Grass Roots Financial, you get loads of results warning people off. That's why he's effectively abandoned Grass Roots and is now pushing SMD Exchange.

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

Also, there is this thread here which discusses the first of this chain of "businesses" run by Carl Wright, Cartel Client Review.

http://www.scam.com/showthread.php?t=122675

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

Does anyone have any information regarding their dealings with SMD Exchange Ltd or Grass Roots (Financial) Ltd? There's a few people interested in any information people may have. Specifically about people being asked to pay money directly to SMD Exchange Ltd, which isn't licensed to accept these payments.

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

Looks like other people are starting to notice the connection between Carl Wright and these other companies also. This article about Carl Wright's connections with SMD Exchange Ltd and Grass Roots (Financial) Ltd just appeared on the "This Is Money" website of the Daily Mail. It also discusses his history with Cartel Client Review Ltd.

http://www.dailymail.co.uk/money/new...aims-firm.html

[Curlyben]

Re: SMD Exchange - BEWARE, another Carl Wright company!

I don't know if anyone has dug this little gem up: http://company-director-check.co.uk/director/905050643

I was surfing for "old friend" Basil Rankine and these ended up being linked

[labman]

Re: SMD Exchange - BEWARE, another Carl Wright company!

Would I be mistaken in thinking that a few of these companies are also connected with Darren Vause, our friend who has recently reappeared over reclaiming benefits. I could be mistaken, but some of the names seem to ring a bell.

[Celestine]

Re: SMD Exchange - BEWARE, another Carl Wright company!

No, none of those companies seems connected to Darren Vause. The key address is Crown Buildings, Luton Street, Keighley.

[Celestine]

Re: SMD Exchange - BEWARE, another Carl Wright company!

I found this section of the Daily Mail article fascinating.



COMMENT by TONY HETHERINGTON: Call a halt to this Alice in Blunderland of muddled officialdom

When Labour decided six years ago to introduce new laws regulating claims management companies, it made one serious error.

It could have brought them under the Financial Services Authority since most make their living by bringing claims against the banks, insurers and card companies. Or it could have called in the Office of Fair Trading, which licenses moneylenders and debt collectors so is used to the seedy side of the finance sector. Instead, the Government mistook claims management firms for an offshoot of the legal profession.

The Ministry of Justice, with no experience of the daily grind of monitoring an entire industry, was given the task of vetting firms, regulating their conduct and investigating complaints. It promptly contracted out much of its work to local trading standards officials.

And crucially, the Ministry failed to set up an Ombudsman scheme or to establish a compensation fund to repay consumers cheated by the very claims management companies that posed as white knights riding to their rescue.

Not surprisingly, the sharks had a field day. There cannot be many people who have not received a text message offering help with compensation ‘following your accident’ – whether you actually had one or not.

And cold-calling salesmen promised thousands of pounds in reclaimed PPI premiums, even to people who never had payment protection insurance.

Claims management companies know it costs finance firms several hundred pounds every time a case goes to the Financial Ombudsman.

So they pepper them with claims that might well be kicked out, hoping that the banks will settle for less than it costs to mount a defence.

They know they can pocket a percentage of everything they rake in without risking a penny in Ombudsman’s fees and without having to chip in to any compensation fund if a claims firm collapses.

Financial Mail has called repeatedly for a halt to this Alice in Blunderland set-up. We may soon see an Ombudsman scheme, but no compensation fund it seems.

The Government will soon get rid of the Financial Services Authority and establish the Financial Conduct Authority to oversee the City. It will take over much of the financial work of the Office of Fair Trading.

It is time the Government brought regulation under one roof.

Let the Authority tackle the claims management sector too, and provide the same consumer protection that the claims companies themselves exploit.



Read more: http://www.dailymail.co.uk/money/new...#ixzz1uvuohQyl

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

Our good friend Mr Wright has just transferred his only remaining official directorship to Eric Fairweather. As we all know, Eric Fairweather pretends to run Grass Roots (Financial) Ltd for Carl Wright, after the Cartel Client Review Ltd scandal. He is also listed as director and shareholder of several other companies which are actually run by Carl Wright.

This recent transfer of "control" was for Commercial Finance Online Ltd. This company hasn't actually done anything to date so it's interesting why Carl Wright would have transferred this now. My hunch is that the official receiver has been having a little chat to him about directorship bans and so he is "getting rid" of his last company before that happens. Obviously, getting your mates, former mistress and mum to pretend to run companies on your behalf while you are serving a directorship ban is a criminal offence and will get you banged up if caught (fingers crossed everyone!) There are also cases where the people pretending to be directors have also been given custodial sentences so I would be watching my back if I was one of these people. Carl Wright is renowned for looking after his own backside first and hanging everyone else out to dry. You only need to look at what happened to Richard Burley at CCLS when Carl Wright denied any involvement or knowledge of what was happening there.

[chtp0103]

Re: SMD Exchange - BEWARE, another Carl Wright company!

He's been a busy little chap this week. He's also just changed the address of "My PPI Claim Ltd" from Eric Fairweather's home address to the Cartel Client Review Ltd offices. I wonder if Mr Fairweather is getting a bit nervous having Carl Wright linked to his home address.