It’s good to see Sinclair James or one of their apologists participating in this thread, under the alias of Righteous Fury. You claim that the comments on the pissedconsumer and wordpress sites are nothing more than a dialogue between the various personas of Michael Phillips.
This is no doubt the story you have been spinning to any clients who haven’t yet abandoned you. I agree that the scurrilous gossip and insinuations are out of place and irrelevant. They simply allow Sinclair James to pretend that this is a one-man vendetta against them. If this is Michael Phillips, it would be in everyone’s interests for him to stop.
However, it’s very unlikely that this is the case as one client has complained it was Michael Phillips who scammed him (https://other-company.pissedconsumer.com/michael-phillips-fraudster-scammer-manila-bangkok-pattaya-20160927926270.html) – and I’m not sure he would incriminate himself. I also know a number of the many other people who claim to have been defrauded by Sinclair James and their stories stack up with most of the comments on these threads. Their claims are substantiated by documents which are freely available on the Internet and, where I have been given access to evidence, it looks completely authentic. You now have the chance to put the record straight, Mr Righteous Fury, so maybe you could answer these questions: Why did Michael Whiting claim in all versions of the Sinclair James website that they were strictly adhering all to all regulations, when they were not registered with the SEC, trading in unlicensed securities and operating illegally?
Why did he claim that all his consultants were qualified, when they were all unqualified commission-based salesmen? Why have so many other Sinclair James “consultants” been cited for scamming clients? Why would you allow an undischarged UK bankrupt to become your co-director when he would be banned from all such activity in the UK? Why did Michael Whiting claim to be a current member of the CII (meaning he was following a strict code of ethics and had professional indemnity insurance), when his membership had lapsed years before, he had broken almost very item on the code and did not have insurance?
Why did Whiting claim that that they sold only non-volatile, safe products (including capital-guaranteed) when all the prospectuses of these products made clear that they were high risk and that you could lose all your money (and often did)? Isn’t it true that Sinclair James lost millions of their clients’ money by putting it into LM Australia, Argentum/Centaur/Buttonwoon/Orion, Axiom, Premier New Earth, Mansion, Brandeaux, London & Capital, Porton Group (Enigma and Cellcrypt) Ascenta Special Sits, Ascenta Gold Bullion, EEA and many others? How is it possible for so-called experts to get everything wrong? Why did Sinclair James claim that products were covered 90% by IOM insurance, without limit, even in the event of a Ponzi scheme – when these losses were not covered at all?
Why did Whiting state that clients would have no additional charges after the initial commissions, when there were high ongoing trail commissions and charges payable to both Sinclair James and the broker? Why did Sinclair James claim they would explain all charges, when they did not? Insiders have quoted on these threads the percentages that were taken. If they are incorrect, what are the figures?
What were the commissions taken from Porton Capital and LM Australia? Why did Sinclair James staff move client money around (deducting commissions) without telling the client and in multiple cases by forging their signatures? Why was client money put into the Ascenta funds, where Michael Whiting and his colleagues had unacceptable personal interests (http://www.pr.com/press-release/348184)? Why did Ascenta insist on keeping secret where its money would be invested, allowing its officers to do whatever they liked without giving explanations?
Why were its funds laundered into companies (eg. Philippine Metals Inc, Prize Mining Corp) where Whiting and his Ascenta Colleagues had personal interests (http://www.equitystory.com/Download/Companies/philippine/Presentations/PMC-Presentation_Jan2011.pdf)? Why did these two companies never find minerals or make any sales, yet paid millions in related-party transactions to Whiting and his colleagues (accounts available at www.sedar.com)? Why did Whiting admit wrongdoing by his firm, agree to reimburse victims, then renege?
Why did he lie about the terms of a binding contract which bears his signature? Why did Sinclair James persist in pushing QROPS products when they were unsafe for clients, gave huge commissions to them and (according to Aegon Insurance) were mostly fraudulent? Why are Sinclair James trying to switch client funds to Trinitas Advisory, a shell company which is also operating illegally, has a website which has been in development for over a year, does not say what it does, does not name any officers and has hidden the identity of its owners by using Domains By Proxy to register the site? Why are Sinclair James/Trinitas putting client funds into TAM International, a company registered in Mauritius (like Ascenta), which isn’t controlled by the FCA and which promotes “Discretionary Asset Management”, which (like Ascenta) allows a bunch of people you don’t know to do whatever they like without giving explanations?
These are all serious questions. So over to you, Mr Righteous Fury. I’m sure you’d like to set the record straight and give substantive replies, rather than the previous vague denials of rock solid evidence and blaming of disgruntled employees (who you recruited and who were following your instructions).
Show us which side of the fence the righteous fury really lies…. If there are any existing clients who are confused, why not post your questions or comments here?
Review about: Sinclair James Fraud Michael Whiting.