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….

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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

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

 Source:

WorldWise Paying ?

The Noel Strachan lead Worldwise appears to have made good on it’s promise to pay investors, as investors have began receiving small principal payments.

They appeared to have started off paying investors with small sums ie balances as low as US$300 and now is stepping up to larger sums.

I have it from an impeccable and a verifiable source that additional payments were made last week, which according to the source, the largest sum paid out  US$1000, while there were other payments between US$500 AND us$1000.

I can also confirm that the some checks were cash out and were good.

I was also made to understand that sums up to US$2000 will be paid out this coming week.

So where is this money coming from to pay WW investors, when one was asked the response was a terse” I really don’t care as long as I get paid”.

So are WW investors the lucky ones, and will everyone get paid, only time will tell.

New Worldwise Lawsuit

Informal investment club World Wise Partners and its head, Noel Strachan, are being sued by a Florida-based client to recover funds owed to him by the company.

According to documents filed in the Broward County Circuit Court in Florida, Oswald Francis, an American businessman who resides in Jamaica, but conducts business in Florida, is suing Strachan and World Wise Partners to recover US$1,874,472.94

http://www.jamaica-gleaner.com/gleaner/20081025/business/business2.html

Property Stolen from Strachan?

In a interesting news article reports have surfaced that a property or properties belong to Noel Strachan of World Wise has or have been been illegal transferred to an Investor.

The report claims that the investor who is owed $150 million dollars somehow transferred the property.

Source:

D-Day for World Wise.

Once again World Wise have issued another promise and their ‘partners’ wait to see what will happen. On Wednesday September 3, 2008, World Wise notified their ‘partners’ of payments to begin this Friday. It is Friday and for many partners is either put up or shut up.

A few weeks ago information surfaced about certain property transactions involving the persons having the lastname Strachan made through a company called JUELLE PROPERTIES LLC. It is not clear were the money came from to buy these properties but given the current situation it raises some concerns.

The address, 12608 S Stonebrook Cir, Davie, FL 33330, is the address of the Manager(s) of Jullee Propertios LLC,  see Florida Records. The Managers names are Noel Strachan and Judy Strachan.

What is the relevance?  Is it a case of coincidence?

Property Purchases

Two companies, JUELLE PROPERTIES LLC and STRACHAN-AZIZE INVESTMENTS, LLC were registered April 7, 2008 and effectively began operating on April 9, 2008. There is another company registered in August 2007 called JADE PROPERTY DEVELOPMENT, LLC the same time as WORLDWISE PARTNER, LLC.

This company, JUELLE PROPERTIES LLC, then purchases the following properties:

  • Apr 11, 2008, Folio#: 503911074990, 617 PIGEON PLUM WAY , WESTON,  Value: $380,000
  • Apr 21, 2008, Folio#: 503902034070, 1554 CANARY ISLAND DRIVE , WESTON Value: $360,000
  • Apr 28, 2008, Folio#:504016070010, DAVIE,   Value: $3,650,000
  • Jul 11,  2008, Folio#: 504017020253, 1655 N COMMERCE PARKWAY , WESTON, Value: $7,850,000

Total Purchases: US$12,240,000 or J$881,280,000 @ 72:1.
You can search for these properties at http://www.bcpa.net/RecName.asp  by using JUELLE PROPERTIES LLC as the search phrase.

It does not end there.  On June 10, 2008, NOEL R. & JUDY R. STRACHAN purchased 12608 S STONEBROOK CIRCLE , DAVIE for US$1,800,000.  Again a key link is made.

On the public documents, the mailing address is given as 8 UPPER MARK WAY #14 KINGSTON JM, the Jamaican address for another company,  Jade Property Development & Const, apparently owned by a Noel Strachan (see Carib Cement Distributer list.)

Total Purchases: US$14,040,000 or J$1,010,880,000 i.e. over $1 billion Jamaican dollars.

History

It should be noted that on June 2, 2008.  World Wise suddenly shut their doors promised to re-open in two months time. When that time came, they announced a ticket system where members would have to submit request for payments that would be made on a first come first service basis.

No payments apparently have yet been made. The FSC also issued a Cease and Desist on August 5, 2008 preventing World Wise form taking any new money or members.  On August 31, 2008, the offices in Liguanea St. Andrew,  should have open but that did not occur.  On Wednesday September 3, 2008 they annouced that the portal would close and that payments of principals would begin on September 5, 2008 instead.

The question now is, has anyone been or will be paid? It is D-Day for World Wise as any more disappointments or fooling around will certainly leave their partners feeling foolish.  

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