• Report: #906046

Complaint Review: Bridgepoint Ventures LLC, IPIN Global, Henley homes Group PLC, Tariq Usmani, Kashif Usmani, Shafik Malik, Eric Jafari

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  • Submitted: Tue, July 03, 2012
  • Updated: Sat, November 17, 2012

  • Reported By: jmarson — United States of America
Bridgepoint Ventures LLC, IPIN Global, Henley homes Group PLC, Tariq Usmani, Kashif Usmani, Shafik Malik, Eric Jafari
17 Savile Row, Mayfair, London W1S 3PN Internet United States of America

Bridgepoint Ventures LLC, IPIN Global, Henley homes Group PLC, Tariq Usmani, Kashif Usmani, Shafik Malik, Eric Jafari Obtaining money by deception under the promise of Insurance and SES (Safe Exit Strategy), Guaranteeing a fixed return of non existent 16% per anum, and thorough due diligence london, Internet

*General Comment: Admission of Forging Documents

*REBUTTAL Owner of company: HIGH COURT ORDER WITH A PENAL NOTICE

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After further research we have found out the following about the time share and obtaining money on deception scheme by IPIN Global and Bridgepoint Ventures llc with their partners in crime:

The scheme is actually if you do your research a time share scam traditionally associated with Spain where IPIN Global is based.
Secondly the scheme works by getting investors to buy a apartment rather then invest and uses that funds to fund the developer by releasing the deposit and provide an anual rate of return of 16-20% per anum. The investor then gets the property as security and his Secured Exit Strategy is that if it goes wrong he gets the property and worst case scenario the insurance company will pay out as its insured Equity.

Sounds as safe as houses well its a scam.

Firstly their model is providing Mezze which is the difference between bank financing and the equity required from a developer. [continued below]....
..... In order to get Bank financing a bank will take first charge of the site.

And therefore any court or receiver will always give them first priority of any money and whats owed to them.

Secondly the investors security will be the registered titles on each property. Well that security isn't as important as the first charge as the priority of any money gained goes tot he banks. The investors security is left in the hands of the banks and at that point Bridgepoints insurance would kick in and reimburse investors and make up any losses. Sounds too good to be true well its is i am a fraud. Bridgepoint Ventures LLC has appointed two new partners Henley Homes Group Plc, and Kamran Mahmood, lets use the Example of the Helix where the insurer will do its research and be aware immediately of the fact that their were tell tale signs of risk, fraud, and possibility of crime.

The insurer will refuse to pay out on the grounds of Fraud, Incompetency, obtaining money by deception, misrepresentation. and therefore investors will lose money. As in reality theres a reason insurance companies make money which is my not paying out and they will use any excuse specially in cases where there is evidence and paper trail. And every one is aware of the risks.

Please Be aware of Bridgepoint Ventures LLC and IPIN Global as their scam will take millions in pretences and false promises and investor will lose money and will suffer the consequences of their crimes.

Firstly their model would allow a developer to borrow up to 100%, now is there something wrong with that as that's why the market went wrong in 2007. Then all their investors funds are insured and as a result it becomes insured equity. Is it my rather stupidly going to assume that the whole reason insurance companies make money is because they don't pay out and look for any excuse not to pay out.

Now bridgepoint and IPIN Global use the same insurer??? who has no equity or balance sheet and will not pay out if fraud is committed or if there was mismanagement or incompetence. On top all the investors will get an apartment if it goes wrong, yeah right and pigs fly these days.Lets take the HELIX, 2 TRAFALGAR WAY, LONDON, E14 5SP.
Where the bank will provide a 100 MILLION for the developer and Bridge point ventures will provide 200 million.
 
Firstly all their developers will have a first charge which will mean the principle lender will get first priority on any money and assets gained from any receivership sales, and based on that principle say the development half built the bank will get its money first and in reality they will get a fraction back for every pound they have borrowed, now the bank will make the a clear part of any agreement giving it priority over investors. For arguments sake lets say 200 million with a total of 500 investors.

Secondly this will be followed by bridgepoint and IPIN Investors both of whom have placed a large investment deposit per apartment, by default they will have to go back tot heir insurer the insurer if they have any money will have to consider paying, but we know they don't like paying as that's why they make money a bit obvious isn't it. Now the first thing the insurance company will point to is the luck of due diligence and incompetence by IPIN Global and Bridge Point.

Why was their research not done, why wasn't it done appropriately, why did they invest with Henley homes with their previous track record,links with Minc and Kamran Mahmood.

They will see all the searches on google all the reports and lets forget the fact they haven't got the money and by default they will take the position it was incompetency on bridge points side, Ipin Global, and their teams and they will exercise the clause and right not to pay because of incompetency, luck of due diligence and criminality.

Then as IPIN and bridgepoint don't have control of the property, as banks do, and they don't have control of the insurance company as they have failed to pay all the investors will lose their money.As Bridge point cant pay it back neither can IPIN Global.In this case i don't know any insurance company that would pay out continuously on project after project that makes losses.

If you do your research all this is basic commonsense and its all done on the sale of a promise, a kiss and a marriage. No insurer will pay out on such a ridiculous scam or project they will immediately exercise the clauses on the reasons not to pay leaving IPIN Global and  bridgepoint investors to take the loss for these projects. And Henley legalls keeps all the money and every one else loses and the investors pick up the bill.
 
This is the largest timeshare scam and fraud in its history and its all done on the basis that you get a extra-ordinary rate of return per anum, your equity investment is insured by an insurer, but here the insurer is based in Essex's and specialises in insuring equity investments but will do its research and will not pay out as bridgepoint ventures and IPIN Global didn't do enough due diligence or research and were aware of the risk factor and knew the chances of it going wrong and had the previous track record of the companies and associates as here Henley homes group and Kamran Mahmood. IF IT SOUNDS TO GOOD TO BE TRUE IT USUALLY ISN'T.
 
BRIDGE POINT VENTURES AND IPIN GLOBAL INVESTORS PLEASE MAKE SURE ANY INVESTMENTS UNDERTAKEN BY THESE COWBOYS IS CHECKED ON ANY LOSSES MADE IS FOLLOWED UP BY APPROPRIATE AUTHORITIES AND REFERRED TO THE APPROPRIATE AUTHORITIES LEADING TO CRIMINAL CONVICTIONS FOR THE BOARD OF IPIN GLOBAL AND BRIDGE POINT VENTURES. AS BRIDGE POINT AND IPIN ARE AWARE OF THE RISKS TO INVESTORS MONEY AND THE LUCK OF APPROPRIATE INSURANCE COVERAGE AND THE FACT THE INSURERS WILL NOT COVER INCOMPETENCY OR FRAUD IN THE CASE OF THE HELIX TOWERS.
 
PLEASE INVESTORS OF IPIN GLOBAL AND BRIDGEPOINT REFER EVERY CASE ON TO THE AUTHORITIES FOR INVESTIGATIONS AND FOR CRIMENAL CONVICTIONS TO BE TAKEN AGAINST THE BOARDS AND PRINCIPLES OF THE COMPANY. AS AN EXAMPLE HAS TO BE MADE THAT A LOSS OF INVESTORS MONEY ISN'T APPROPRIATE AND WILL NOT BE TAKEN LIGHTLY SPECIAL IN CASE OF ADVANCE WARNINGS.

INVESTORS PLEASE FOLLOW UP.

Bridge point disgraceful (www.bridgepoint-ventures.com/)
IPIN GLOBAL (www.ipinglobal.com)
AND HENLEY HOMES (www.henley-homes.co.uk).

This report was posted on Ripoff Report on 07/03/2012 03:53 AM and is a permanent record located here: http://www.ripoffreport.com/r/Bridgepoint-Ventures-LLC-IPIN-Global-Henley-homes-Group-PLC-Tariq-Usmani-Kashif-Usmani-Shafik-Malik-Eric-Jafari/internet/Bridgepoint-Ventures-LLC-IPIN-Global-Henley-homes-Group-PLC-Tariq-Usmani-Kashif-Usmani-906046. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 General Comment

Admission of Forging Documents

AUTHOR: PMP Electrical Services - (United Kingdom)

Henley Homes were taken to court by PMP Electrical Services Ltd, case No: HT-10-185 at the Technology & Costruction Court. It was clearly proven that representatives of Henley Homes had forged a letter purporting to be from the National Grid to support a claim of alleged defective cables installed by PMP Electrical Services Ltd. The directors of Henley Homes denied actually creating the document, blaming a rogue employee for its creation. They had previously denied knowledge of its existence when contacted by National Grid lawyers in January 2010, yet claimed in court that the letter had been discussed at an internal board meeting in November 2009.

The directors of Henley Homes did openly admit creating electrical test certificates for an unrelated project due to pressures from their funders to complete sales of property. The fabrication of these certificates enabled them to complete sales of apartments and occupy them, despite the building being unsafe to occupy. Whem questioned about these certificates by Kent police in another unrelated matter, the directors of Henley Homes denied ever seeing the certificates they had told a high court judge they had created.

These people are liars, cheats and fraudsters, who will say what is ever necesary to deflect the situation before them, even lying to a high court judge if required. They will not be able to "gag" this thread as all of the above forms part of the court records relating to the case referenced. 



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#2 REBUTTAL Owner of company

HIGH COURT ORDER WITH A PENAL NOTICE

AUTHOR: Admin - (United Kingdom)

HENLEY HOMES, BRIDGEPOINT VENTURES, IPIN GLOBAL and their respective CEOs and Managing Partners

The above individuals and companies have been subjected to a defamatory campaign of harassment and intimidation by two recently identified individuals. Totally false and baseless allegations were made and published on the web.

THESE ALLEGATIONS ARE ENTIRELY UNTRUE.

On Friday 6 July 2012, lawyers acting on behalf of the aforementioned individuals and companies successfully obtained a HIGH COURT ORDER granted by Mr Justice Tugendhat. This Order prevents the named individuals from HARASSING and publishing DEFAMATORY articles and comments on the web or any other medium.

A civil claim against the individuals has also been issued for substantial damages under claim number HQ12D02724 in the High Court and the matter has been referred to the Metropolitan Police for investigation as this constitutes a criminal campaign of harassment. 

Henley Homes, BridgePoint Ventures and IPIN Global will ALWAYS robustly challenge any attack on their reputations.

Counsel for the Claimants were Hugh Tomlinson QC and Sara Mansoori of Matrix Chambers who were instructed by Farooq Bajwa & Co Solicitors, 45 Charles Street, Mayfair, London, W1J 5EH.
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