WorldWise 7 years later – Claims of payment

In a 2013 article the Gleaner reported that the Jamaican cops were seeking the operators of World Wise Partners. The charges to be laid against the operators include operating an unlicensed securities business contrary to Section 7 of the Securities Act; operating as unlicensed investment advisers contrary to Section 8 of the Securities Act; and fraudulently inducing persons to deal in securities contrary to Section 47 (a) of the Securities Act.

Now in 2015, Noel Strachan one of the principals of  World Wise Partners continues to claim that World Wise was not and never was a Ponzi . However, the most interesting statement was that that 90% of investors/partners have been repaid facilitated by some unnamed lawyer(s).

But in a swift response to the Gleaner article, many readers questioned the truthfulness of those statements and pleaded for help. The Gleaner did  not give an idea how many responses were received. Some of the responses, abbreviated, are highlighted below.

  • … I invested a total of US$140,000……I was not able the to get any contact for World Wise or Mr. Strachan.
  • … The reality is that my investment has cost me dearly. I do not have a wife anymore…. You could forward this email to him ….
  • … I am one of those who is yet to recover monies owed by World Wise Partner/Noel Strachan…
  • … He owes me over US$7000 and I (am) aware of many more persons who are still owed monies…
  • … I was robbed of my life savings and I have been out of a job since 2008, and only worked approximately a year and a half since then.
  • … I would like to know if you can get in touch with Mr Strachan for me …
  • … I had some money in World Wise Partners ,,, Please, what can I do? Who can I contact at WWP?
  • … I have invested US$15,000 and I have not gotten back a cent. I have friends with far more than that and they did not get anything up to the time…
  • … I am not calling him a liar, but from the time they closed that place they emailed me once in 2008. I haven’t heard from them since and my email is the same, so are my address and telephone…
  • … The 90 per cent he spoke of, must be his friends. All my co-workers who invested in World Wise are still waiting.

Have you been repaid or lucky to be among the 90%? Leave us a comment here….

Related

Worldwise Boss Noel Strachan under US Probe !!

Seems like the USA is turning up the heat on former Jamaican Ponzi scheme operators. The lastest such person who seems set to come under heat from the USA authorities is Noel Strachan, the former Worldwise Boss who ran off with millions on investors money and went on  buy spree in 2009 purchasing over J$1.8B  in properties in the Broward County area of the USA.

Included in this purchase was a mansion for US$1.8M along with a Rolls Royce Bentley.

Link:

http://jamaica-gleaner.com/gleaner/20110330/lead/lead7.html

Capital Blu Principals found Guilty !!!

David Smith Guilty – Usa

Donovan Davis – Guilty – Usa

Noel Strachan– Not yet tried

Not one of these guys ever tried in Jamaica where most of the fraud was committed.

An Orlando jury concluded last week that Damien Bromfield of Ocoee and Donovan Davis Jr. of Palm Bay had misled investors, stole their funds and otherwise violated federal commodities laws through their Central Florida-based firm, Capital Blu Management LLC.

http://articles.orlandosentinel.com/2011-02-07/business/os-capital-blu-fraud-20110207_1_currency-scheme-defense-lawyers-regulators

Thanks to the poster for this link.

Who really is Noel Roswell Strachan

Investforlife as part of its ongoing investigation into the UFO’s has come across another bit of interesting information regarding another UFO operator.

This time we have decided to focus on Noel Strachan who is the lead principal of Worldwise Partners.

36 year old Florida resident Noel Roswell Strachan was so broke 7-1/2 yrs ago , that he was evicted from his rental home in  Pembroke Pines , Florida via a order issued by the 17th judicial court , for Broward County, on February 1, 2001.

Worldwise was such a profitable venture for Noel and his wife Judy , that they were able to spend over US$14 million, between April – June of 2008, to purchase five properties and land , in Broward County.

Four of those properties we had earlier reported were purchased under a company called Juelle Properties LLC, which they formed on April 7, 2008.

They also purchase a US$1.8 million luxury in the lakefront gated community of Davie. This house was purchased jointly in there names.

Noel also owns a J$150million dollar property  in Jamaica which was the subject of controvery last year, when it was “stolen” by a defrauded investor.

So while Worldwise investor were/are waiting for thier big pay day, Noel is living a life of luxury, in Florida.

Some investors have however “wised” up and so dar there has been around four cases filed in the 17th judicial court in Browrad County. Cases can be seen at this link. You have to pay however to see te details of the case.

http://www.clerk-17th-flcourts.org/bccoc2/pubsearch/case_search_results.aspx?hidSearchType=party_case&mscssid=&txtLastName=STRACHAN&txtBusinessEntity=&txtFirstName=&txtMiddleInitial=&chkAdvSearch=0&cboCourtType=&sbmPublicParty=Submit&user_type=&hidPageNumber=27

NFA fines I Trade FX LLC $250,000

Investforlife has just received news earlier today that the NFA has imposed a US$250,000 fine on I Trade FX LLC for failing to implement a anti-money laundering program.

April 28, Chicago – National Futures Association (NFA) has fined I Trade FX LLC (I-Trade) $250,000 for failing to implement an adequate anti-money laundering (AML) program. I-Trade is a Futures Commission Merchant and Forex Dealer Member of NFA located in Lake Mary, Florida. I-Trade solely conducts retail, off-exchange forex business. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in June 2008

The Panel found that I-Trade failed to adequately implement its AML program by not filing a suspicious activity report (SAR), not investigating deposit and withdrawal activities of the accounts of two Jamaican investment clubs, Olint TCI and TCI FX, and not investigating the source of funds received from two of I-Trade’s customers.

See final judgement here at this link.

Related:

Olint Feeder club CEO arrested by FBI

The Sunday Herald is reporting that the head  of one of  Olint’s  largest feeder club, Mr Chester Stewart, of Regency Capital Investments has been arrested by the FBI.

Stewart, who worked at a leading investment house, was charged for money laundering and wire fraud. He is said to be a close associate of Olint boss David Smith and several leading local businessmen and politician”.

Link here:

http://www.sunheraldja.com/article/show/2578

WorldWise Investor wins $50 million suit.

Radio Jamaica reported on Monday of this week that a World Wise investor, businesman Hurshel Cyrus has won his lawsuit agains World Wise. The Supreme court it appears handed down a default judgement as Noel Strachan, the defendant and Chief Executive officer of Worldwise Partners failed to file a defence.

This is very interesting, and quoting one posted on visitor to investforlife, “One took action and 11,999 too no action, one got a $50 million dollar action and 11,999 has yet to get a dime and more than likely will not get a dime.” It is understood but not actually determined that worldwise has about 12,000 members, who are still waiting to get back.

In the latest twist, World Wise’s Lawyers have indicated that they intend to appeal the ruling on the grounds that CEO , Noel Strachan was not in the jurisdiction and was not properly served. The question now must be was all reasonable efforts exhausted in attempting to serve the papers and if the ‘defendant’ refuses to make himself available in this civil matter should the court be held hostage?

Interestingly the appeal has not been lodged at this time

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