binary-ebs

Binary Elite BS

193

This page has been set up to describe my experience with a firm claiming to be able to recover funds from Bull-Markets, a failed binary options site.

This firm was Elitebusiness-solution. It has now disappeared totally.

They slightly changed the name.

Up to Feb 24th.2017

Up to now they have used delaying tactics. Each time requesting more money.

W/c Feb 27th.2017

The office has been closed all week and they are not responding to emails.

March 3rd.2017 They are claiming that "storm Dorothy" took out the phone lines etc. How is it that the "dalek" told me the offices were closed if there was no phone connection?? ( I call all phone automation "daleks")

I am to call on Monday.

The website expired on 4th. October (see below)

9th February 2018

I called and spoke to Michael Hayman today. He claims they have a new website. Read it closely. They claim it's an award winner - amongst other things! He also says he is going to email me and post me all the info on dealings on my account with them, and explain the famous "green sheet" he wants me to pay £1,500.00 for. He says the money is still in the Escrow Account.

If there indeed is money in an escrow account, why have I not had it back yet?

From the last new Elite Business Solution site

It claims to belong to an "Award winning financial advisory firm" I wonder which that is?

The original site claimed the firm dated from 1925 - see below.

The site refers twice to a missing chart. Wonder which REAL site it is actually on?

Who are Vanguard Capital Trading?

29th June 2017

I have attempted to phone and email this load of scoundrels this week. The switchboard guy has not been able to get any response from then since last Friday. No phone contact and no email or other messages. It looks like they have gone into hiding or hopefully behind bars. The same goes for STPMarkets. Website gone and phone unanswered.

2nd July.

Tony Hetherington of "Mail On Sunday" has published an article on Elite. Their website was a part cloned copy and even included a mention of Wedbush the real firm in a paragraph on the site. He also notes the real firm dealing with the liquidation, Butcher Woods. I told them about Elite. I am also about to inforn both about the involvement of STPmarkets. STP have also just gone off line.

Tuesday 11th July

After a gap of about 2 weeks I got in touch yesterday 10th July with "James Noble" at Elite Business Solutions and he said He wanted to settle my account and get me out of the system - basically he was finding me annoying. My feelings towards him are less polite, to be frank.

Offer to settle.

Reference to a "number given by BM" No mention of this before yesterday.

Surprisingly he asked what money I had sent etc. Surely he should have had my details to hand? He came up with a figure of £24,062.60 and asked me how I would like to be paid. He then asked me to give him a number from "a green sheet supplied by Bull markets" beginning 00. He has never asked for such a number before and I do not have either a green sheet or a number. My last contact with BM was last November. He said something about the legal department possibly being able to sort it out (what's betting he asks for another payment!) He didn't call me back as promised, either yesterday or this morning.

So far today I have called EBS twice. Got through - They want £3780.00 for "Green Sheet Reissue". That is considering I never had such a sheet in the first place! They say it's my fault I didn't get one!

Bull Markets Solutions

A petition to wind up Bull Markets Solutions ltd was heard at the Royal Courts of Justice, 7 Rolls Building, Fetter Lane, London on April 10th at 10.30 am. BMS was wound up and I have been contacted by the company dealing with it.

In connection with the above I have just contacted the actual escrow agents for Bull-markets, (who had all my transaction history to hand). They acted in that capacity up to the time the website went down. This means that Elite are almost certainly fraudulent as they claim the money is offshore. (It is possible though that it is now offshore, moved after the site went down.) First Sovereign Group also went down at the same time.

Re two Binary companies.

Sites offline "Under construction"

The "rump" remaining page has now also been pulled.

https://en.bull-markets.com/prosite/

Two of the websites have gone offline, with no communication as to why. One, "Bull-Markets" (BM) is in administration according to reports elsewhere. They were also "kicked out" of the virtual office they had (but still used the address). I have had no communication from "First Sovereign" (FS) which is also offline.

I have been approached by two other firms over BM. One was wanting a 10% fee upfront to close the account. Why should I pay a penalty when BM was closing the account, not me! I had 2 emails from them - the second suggesting I leave some funds to keep the account active. Close - keep active - make your damned mind up scammers!

Since then a second firm, (EliteBusiness-Solutions.) has got in touch - also to another client as well. This time not mentioning upfront cash (as yet??) and naming an escrow company operating from -- DUBAI! That apparently is questionable. That isn't supposed to happen. Escrow accounts should be onshore.

This is what the Elite website header looked like.

Website creation Date: 04-Oct-2016

Founded in 1955, with financial roots dating back to 1925, Elite Business Solutions is one of the largest securities firms and investment banks in the nation. Headquartered in Los Angeles, California with over 100 offices and more than 125 correspondent offices.

Is the company I am dealing with actually part of this company or are they spoofing?

Headquartered in Los Angeles, California with over 100 offices and more than 125 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. We deliver superior investment ideas and products through exceptional customer care, financial security, continuity and advanced technology.

This is the current value rating of this website on April 2nd 2017. The site is less than a year old and is due to expire 04-oct-2017

IT WAS BOGUS!

14 Jul 2016 Registered office address changed from

Unit 4 Oak Street Industrial Park Oak Street Cradley Heath West Midlands B64 5JY United Kingdom

to

81 Moseley Avenue Coventry CV6 1HR on 14 July 2016 (AD01)

This, taken from the website is a non existent virtual office. Another BM client has driven down there and verified this. The previous name of the company was in Coventry.

This does not correspond with the statement above from the website. A Los Angeles company with 100 offices is unlikely to have a virtual office on an industrial estate.

Note the incorrect spelling of "Stoke"

REGISTERED ADDRESS

Unit 12 Shelton New Road

Stock-on-Trent,

ST4 7AA

Company No. 05524886

Contact Number: 02477 395 998

Info@elitebusiness-solutions.com

I have not, as yet checked this out, but note the absence of a phone or fax number.

I have also failed to find any sign of the supposed "Headquartered in Los Angeles, California." the site mentions.

I am contacting those in control of the managed offices at this address.

TRADING ADDRESS

100 Pall Mall,

St. James’s,

London

SW1Y 5NQ

Info@elitebusiness-solutions.com

EBS

Contacts - Michael Hayman and Theo Hughes.

EBS claim that they can get back my cash from BM. They stated that a fee of over £4,000.00 would be needed to facilitate this recovery by a "capital Exchange" from the escrow account. When I said I didn't have that amount of funds they then stated they could recover half the funds on payment of £2,736.00, which I agreed to. This was to be done in 15 working days from the arrival of my funds in their account. I would then use the proceeds to reclaim the rest of the funds.(see invoice below)

The 15 days passed, but no sign of the funds,

This is the only detailed, convincing invoice I have had from Elite. I have redacted my client number and part of my address.

They have failed to comply with any of the conditions stated on the invoice.

Contacts - Michael Hayman and "Head of Accounts" Theo Hughes.

"Head of Accounts" Theo Hughes.

It was then suggested that I could reclaim all the funds, by adding a further £580.00 to the account. I'm not sure why this sum was requested as it is less than half the amount I had already sent.

"Head of Accounts" Theo Hughes.

It was then suggested that if I paid the whole of the £4,000 I would get back all the funds. I said I could only add a further £500.00. It was then agreed that a "director's loan would be used as I had already paid the £580.00 and that the deal would be settled in 3 working days from the arrival of the funds from me.

I was not invoiced for either of these sums.

Today Feb 14th is the 3rd working day. Nothing has appeared. They are supposed to be ringing me. So far no call.

They then attempted (so they say) to send the funds to my account, with sort code and account number. This failed.

Early last week

They then attempted (so they say) to send the funds to my account, with sort code,account number and full IBAN information. This also failed.

Thursday last. Funds sent Friday.

"Head of Accounts" Theo Hughes.

It was then suggested that I needed some kind of intermediary account to do this - at a cost of £1,000.00 and the contact Theo Hughes, Head of Accounts "Gave his word" that this would facilitate transfer within 48 hours of getting my funds. The receipt below confirms that was on February 24th. The transfer should have been by 2 working days from then. This was to include the recovered cash, plus my fees. They were supposed to be being paid 5% of the value of the recovered total for organising this "exit strategy", hence allowing the return of my payments.

Note the logo corresponds with the USA site as does the use of yellow.

I have redacted my client number.

Today, 2nd March is the third day (at10:05) the office has been closed. They were supposed to be calling me yesterday!

Friday 3rd March - They say phone lines were down and damaged, hence no contact.

"Head of Accounts" Theo Hughes.

They then requested a further £1,500.00 to pay for this account on 21st March.

More to be entered here.

Monday 27th March

- The last day for payout, with no strings attached.

Called them and was told my contact had been off ill.

Tuesday 28th

James Noble "Head of Accounts"

- Called them at 12:00 as requested - "He's at lunch" Call back at 14:00. Still nothing at that time. Called again - Got a different contact "Head of Accounts" James Noble. (One of the others also claimed to be head of accounts)

Latest claim.

HMRC want cash.

James Noble "Head of Accounts"

James Noble now says that on order to finalise this before financial year end (convenient that isn't it?) I need to send £10,100.00 to cover taxes, but which is supposedly refundable??? He then suggested I extend my HSBC loan (which is already at the maximum level) to cover this. Even suggested what values I should enter to get that "which you will only need for a week".

At that point I hung up. I checked with HMRC re this "tax" which they knew nothing about.

Copy of email I sent appears below.

James Noble then called on the 29th and had me log onto the experian site to get my credit score and apply for a loan. The best offer was 60% possible from Hitachi. He again suggested the values I should enter. At that point I put the handset aside and completed the application. During this the phone line had gone dead.

30th March. As expected, Hitachi turned down the application and I informed Mr Noble of that on his next call. He then suggested I set up a credit card for a cash transfer. This I flatly refused to even try to do and I ended the conversation.

Cash return due.

Elite are supposed to be paying me back £1,000.00 on March 31st. from an account I incorrectly sent money to.

Current 31st March.

After advice I emailed them late on Thursday 30th. James Noble phoned today and said he had read it. He again asked me for the payment and suggested the £1,000.00 could be deducted from the £10,100.00. I replied that I wanted the £1,000.00 sent to my bank account as agreed and that they send me the requested invoices, receipts etc for all prenious dealings. He agreed to do this. Up to now (17:32) nothing.

At the time of this update (21:43) no funds have appeared in my account, I have had no emails and no phonecalls.

28th March

Mr Noble.

As I suspected HSBC have refused to increase the loan I have with them. It would have been almost double what I was told was the maximum at the meeting in my bank a short while ago.

However I paid Elite some time ago to set up an account on my behalf into which to transfer the funds recovered. I suggest, that with my permission, as of now, you either transfer £10,100 to my current account and I pay the "HMRC fees" or that you pay them direct from there with my permission.

Furthermore, I am due, (and EXPECT TO GET) a return of the £1,000.00 I sent to the incorrect account and which is "to be returned in 30 working days", and falls due on March 31st.

Sent 30th March

Mr Noble,

I have taken advice on my dealings with Elite.

There is concern over the lack of invoicing and receipts I have had from Elite.

Only the first dealing dated 13.01.2017 number 115287 has been correctly documented with matching invoice and receipt.

The advisor is also concerned that Elite did not satisfy any of the stated conditions on that invoice.

There is also concern that in an email dated16/12/16, Theo Hughes is named as "Head of Accounts", a term which you use to describe yourself.

I have been advised to request invoices and receipts for all the other transfers, stating the full reasons for the payments (as appear on 115287).

I have also been asked to get the details of the HMRC charge. HMRC say that the way you have asked for the money is not standard HMRC practice. HMRC do not ever demand money up front, unless a letter is sent detailing exactly what tax is owing and the amounts. In that respect the advisor wants full written details about this tax which you say is due and advised me not to send any further cash in the meantime.

I would appreciate prompt attention to this, and the advisor wishes to have your address to write to, or a FAX number to use.

Finally, I am due the return of £1,000.00 into my bank account on the 31st March.

6th April

Re the £1,000.00 repayment.

I have been phoning every day this week and have had difficulty getting through. Today (6th) Theo Hughes says I will get the £1,000.00 on Monday 10th.

On Monday he says he said "this week" and "worst case Thursday". So far (12th) nothing and a call was yet again not returned. 13th - called again, told to call back at 13:30.

On the Thursday I was told by Theo Hughes that the £1,000.00 had been sent at 12:00. He said it could take 48 hours. (This before a 4 day weekend break) He suggested Tuesday or Wednesday at the latest. I also asked about the invoices etc. "I'll go over your account with a fine toothed comb and send them all". That was what he said. Will porcine aviation occur first?

Wednesday 19th April. Called again. Noble said "Should be by Friday. Money has to come from overseas. It was in a UK account!

Friday 21st April at 11:10. Still no progress. Hayman is on holiday. Noble "We have had a busy month - It's not just you. Please be patient. Will try to get it done by 20.00 tonight."

Says he will call on Monday 24th. So far he has not called me at all when he said he was doing or has blamed my call blocking of withheld numbers.

24th. No call and still no £1,000.00.

25th. Called and was actually called back by J Noble. Says the £1,000.00 will be transferred in 2 days.

26th. Called - not called back. Still no cash.

May 10th. Called again. Noble says the money is being sent and will take 24 to 48 hours. Note this is since the 25th. April. It was supposed to be paid at the end of MARCH.

May 15th.

- Still no money. Repeat sent the email of 30th March and called them. Both N & H were "in a meeting" again.

May 16th.

- Called at 10:50 and left a message.

May 16th.

- Sent them a link to this page.

May 17th

Latest today, despite having been told at least three times that the £1,000.00 is on the way I am now told by Jonathan Serrato that the account holders are refusing to pay back the £1,000.00. This despite the fact that it is an over payment for requests at the time. They also want over £8,000.00 for "outstanding fees" incurred because of non payment of fees by Bull-Markets. Frankly I see no reason why I am responsible for that! Also, the fact that I paid off the bonus on my account is being ignored. No mention of HMRC this time, but EBS refuse to specify what this extra charge is for and refuse to answer emails.

May 27th. Still no documentation. Still no explanation of what this extra charge is supposed to be for.

In connection with the above, the recovered funds were supposed to be in the account I paid for by the beginning of March. Theo Hughes "gave his word" on that. Why was it not done. Also why are they still holding onto £1,000.00 which was overpaid. They have absolutely no claim on that.

I looked up the website here

https://whois.net/

And got the response to the right.

Updated Date: 20-oct-2016

Creation Date: 04-oct-2016

Expiration Date: 04-oct-2017

The data above suggests the site was set up as a "front" to extract more money from Bull-markets solutions clients. They have a company number, apparently transferred from a previous registered name. As they appeared to be genuine I paid for the service.

Page created 14th February 2017. Edited 13th. April 2017. Most recent 18th November 2018.

9th February 2018	I called and spoke to Michael Hayman today. He claims they have a new website. Read it closely. They claim it's an award winner - amongst other things! He also says he is going to email me and post me all the info on dealings on my account with them, and explain the famous "green sheet" he wants me to pay £1,500.00 for. He says the money is still in the Escrow Account.
If there indeed is money in an escrow account, why have I not had it back yet?

EBS Contacts - Michael Hayman and Theo Hughes.	EBS claim that they can get back my cash from BM. They stated that a fee of over £4,000.00 would be needed to facilitate this recovery by a "capital Exchange" from the escrow account. When I said I didn't have that amount of funds they then stated they could recover half the funds on payment of £2,736.00, which I agreed to. This was to be done in 15 working days from the arrival of my funds in their account. I would then use the proceeds to reclaim the rest of the funds.(see invoice below) The 15 days passed, but no sign of the funds,
This is the only detailed, convincing invoice I have had from Elite. I have redacted my client number and part of my address. They have failed to comply with any of the conditions stated on the invoice. Contacts - Michael Hayman and "Head of Accounts" Theo Hughes.
"Head of Accounts" Theo Hughes.	It was then suggested that I could reclaim all the funds, by adding a further £580.00 to the account. I'm not sure why this sum was requested as it is less than half the amount I had already sent.
"Head of Accounts" Theo Hughes.	It was then suggested that if I paid the whole of the £4,000 I would get back all the funds. I said I could only add a further £500.00. It was then agreed that a "director's loan would be used as I had already paid the £580.00 and that the deal would be settled in 3 working days from the arrival of the funds from me. I was not invoiced for either of these sums. Today Feb 14th is the 3rd working day. Nothing has appeared. They are supposed to be ringing me. So far no call. They then attempted (so they say) to send the funds to my account, with sort code and account number. This failed.
Early last week	They then attempted (so they say) to send the funds to my account, with sort code,account number and full IBAN information. This also failed.

	Today, 2nd March is the third day (at10:05) the office has been closed. They were supposed to be calling me yesterday!
	Friday 3rd March - They say phone lines were down and damaged, hence no contact.

Monday 27th March	- The last day for payout, with no strings attached.
	Called them and was told my contact had been off ill.

	James Noble then called on the 29th and had me log onto the experian site to get my credit score and apply for a loan. The best offer was 60% possible from Hitachi. He again suggested the values I should enter. At that point I put the handset aside and completed the application. During this the phone line had gone dead.
	30th March. As expected, Hitachi turned down the application and I informed Mr Noble of that on his next call. He then suggested I set up a credit card for a cash transfer. This I flatly refused to even try to do and I ended the conversation.

28th March	Mr Noble. As I suspected HSBC have refused to increase the loan I have with them. It would have been almost double what I was told was the maximum at the meeting in my bank a short while ago. However I paid Elite some time ago to set up an account on my behalf into which to transfer the funds recovered. I suggest, that with my permission, as of now, you either transfer £10,100 to my current account and I pay the "HMRC fees" or that you pay them direct from there with my permission. Furthermore, I am due, (and EXPECT TO GET) a return of the £1,000.00 I sent to the incorrect account and which is "to be returned in 30 working days", and falls due on March 31st.
Sent 30th March	Mr Noble, I have taken advice on my dealings with Elite. There is concern over the lack of invoicing and receipts I have had from Elite. Only the first dealing dated 13.01.2017 number 115287 has been correctly documented with matching invoice and receipt. The advisor is also concerned that Elite did not satisfy any of the stated conditions on that invoice. There is also concern that in an email dated16/12/16, Theo Hughes is named as "Head of Accounts", a term which you use to describe yourself. I have been advised to request invoices and receipts for all the other transfers, stating the full reasons for the payments (as appear on 115287). I have also been asked to get the details of the HMRC charge. HMRC say that the way you have asked for the money is not standard HMRC practice. HMRC do not ever demand money up front, unless a letter is sent detailing exactly what tax is owing and the amounts. In that respect the advisor wants full written details about this tax which you say is due and advised me not to send any further cash in the meantime. I would appreciate prompt attention to this, and the advisor wishes to have your address to write to, or a FAX number to use. Finally, I am due the return of £1,000.00 into my bank account on the 31st March.
6th April Re the £1,000.00 repayment.	I have been phoning every day this week and have had difficulty getting through. Today (6th) Theo Hughes says I will get the £1,000.00 on Monday 10th. On Monday he says he said "this week" and "worst case Thursday". So far (12th) nothing and a call was yet again not returned. 13th - called again, told to call back at 13:30. On the Thursday I was told by Theo Hughes that the £1,000.00 had been sent at 12:00. He said it could take 48 hours. (This before a 4 day weekend break) He suggested Tuesday or Wednesday at the latest. I also asked about the invoices etc. "I'll go over your account with a fine toothed comb and send them all". That was what he said. Will porcine aviation occur first?
	Wednesday 19th April. Called again. Noble said "Should be by Friday. Money has to come from overseas. It was in a UK account!
	Friday 21st April at 11:10. Still no progress. Hayman is on holiday. Noble "We have had a busy month - It's not just you. Please be patient. Will try to get it done by 20.00 tonight." Says he will call on Monday 24th. So far he has not called me at all when he said he was doing or has blamed my call blocking of withheld numbers. 24th. No call and still no £1,000.00.
	25th. Called and was actually called back by J Noble. Says the £1,000.00 will be transferred in 2 days. 26th. Called - not called back. Still no cash.
	May 10th. Called again. Noble says the money is being sent and will take 24 to 48 hours. Note this is since the 25th. April. It was supposed to be paid at the end of MARCH.
May 15th.	- Still no money. Repeat sent the email of 30th March and called them. Both N & H were "in a meeting" again.
May 16th.	- Called at 10:50 and left a message.
May 16th.	- Sent them a link to this page.
May 17th	Latest today, despite having been told at least three times that the £1,000.00 is on the way I am now told by Jonathan Serrato that the account holders are refusing to pay back the £1,000.00. This despite the fact that it is an over payment for requests at the time. They also want over £8,000.00 for "outstanding fees" incurred because of non payment of fees by Bull-Markets. Frankly I see no reason why I am responsible for that! Also, the fact that I paid off the bonus on my account is being ignored. No mention of HMRC this time, but EBS refuse to specify what this extra charge is for and refuse to answer emails.
May 27th. Still no documentation. Still no explanation of what this extra charge is supposed to be for.	In connection with the above, the recovered funds were supposed to be in the account I paid for by the beginning of March. Theo Hughes "gave his word" on that. Why was it not done. Also why are they still holding onto £1,000.00 which was overpaid. They have absolutely no claim on that.