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

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:

World Wise at odds with RBTT

World Wise joins the list of  alternative investment schemes that find themselves at odds with a bank. WorldWise yesterday obtained an injunction barring  RBTT from closing their accounts.  The rumors have been flying around but now it is before the courts. 

Source: