World Energy Research World Energy Holdings Research PLC UK This is a sad story from on New Zealand Investor Auckland, New Zealand Internet

Steve Shield's (Investor in World Energy Research LP) tells his story.  I found this posting on line at (((link redacted)))

WORLD ENERGY RESEARCH IS SCAMMERS ENTERTAINMENT

This article was originally written by a friend of mine in his way of describing things and I am grateful to him, however I have now taken ownership due to the fact I want it to have as much credibility as possible. I removed much of the colourful language and have basically not changed the order of events much at all. However I will soon be posting all the emails the events below are based on.

World Energy Research (WER) or what is now known as World Energy Holdings and Research (WEHR) has scammed me. Not only do they steal your money but for their entertainment and enjoyment they play this perverted game of psychological cruelty by raising the hopes and expectations of their victims and then systematically destroying those feelings and consequently destroying the victims state of mind to maximise negative emotive responses such as depression.

Many people in NZ and Australia know me and the tragic loss of my wife just over 7 months ago and I feel I have let a lot of people down including my 9 year old daughter who suffers many sleepless nights since the loss of her mother.

It started when my wife suddenly became ill with a large Aneurysm (bleeding on the brain) and was bed ridden and non communicative in a semi comatose condition. I had been unable to get back to work during this time and consequently lost my job. Being not far off 60 years old and unable to secure work and I was finding myself in a state of depression and desperation to secure income to cover mortgage, living costs plus the ongoing and increasing medical bills and high care accommodation costs for my wife for what was an unknown time frame. I made some rash but very stupid decisions using my wifes superannuation money by unknowingly investing in two scam companies in August 2010, the main one being WER.

After the other scam company fiasco; I believed originally that I was fortunate that I had invested the bulk of my wifes superannuation payout with WER, but I could not have been more wrong. Both companies featured so highly on Google and therefore obviously not the place to find an investment opportunity.

I emailed Brandon Francis of WER as the bulk of my wifes superannuation was invested in the Guatemalan Hydro Pack 1 project and explained to him about my wifes situation and how I had been scammed by another investment and was feeling worried about my investment with WER and I asked some further questions about the company basically to set my mind at

ease that my money was safe.

The email was passed on to Jorge Vizcarra who emailed me in late September 2010 saying they were forced to deny my participation In the Guatemala Hydro Pack 1 due to financial unsuitability. He obviously was just setting up the scam as I was the ideal victim who was in a poor emotional state of mind over the condition of my wife. I was initially elated on receiving this news from Jorge Vizcarra as I had considered asking for the return of my funds but thought it was not the prudent thing and I know I like to usually go through with a commitment and would not like to cause anyone difficulty.

I really needed this refund, but I was led painfully down the road of disappointment and suffering by Jorge Vizcarra. Tragically my wife died in late October, far earlier than anyone expected and only 4 weeks after Jorge Vizcarras email saying the payment would be returned within 2-4 weeks. The other tragedy is that if I had known my wife was going to die, which of course nobody could predict I would not have needed to hastily invest for the future to cover her medical and high care costs.

I was promised the refund would come from Jorge Vizcarra and I had no reason not to believe him, however he made me suffer regularly with false hope and sent a fake bank receipt and even rang me to confirm it was on its way.

I borrowed money to pay for most of the funeral expenses and I then offered Jorge Vizcarra by email the chance of a payment plan. I must admit he had me completely fooled and I am a bloody idiot. Anyway, everyone who knows me constantly told me that WER are scammers and they will never return the funds, but I am a trusting stupid old man and I was feeling very let down by this stage and I still could not or did not want to believe it.

19 December 2010 Gabriel Conde decided it was his turn and he emailed to arrange a friendly phone call. He claimed that the bank had stuffed up the money transfer and he reassured me that the money was safe. I mentioned my concerns about the exchange rate of the AUS\USD dollar and explained this to him.

Jorge Vizcarra rang and offered to add 7% onto the refunded USD amount to cover this issue. At this stage it was 8 weeks late.

I emailed Jorge Vizcarra and rang Gabriel Conde complaining that the funds had not arrived. He replied with an email saying he was passing the matter on to his legal council a NZ Lawyer Mike Kitto. Due to Mike Kittos absence on leave the matter was referred to another of Gabriel Condes NZ Lawyers in Auckland a John Holmes. I actually said to someone that I was more reassured that I was in contact with a NZ Lawyer. I am now somewhat ashamed that he is from NZ.
He like the rest of them played with me like a puppet. I emailed and even rang John Holmes to ask how reliable Gabriel Conde was in paying his debts. He claimed one of his Lawyer partners had met Gabriel Conde and the due diligence had checked out just fine.

As per

usual the excuses and another fake bank transfer receipt were sent to me.  John Holmes played the old story regarding a banking mix up and the funds were nowhere to be found. I diligently checked with the banks and of course they had not seen any funds.

Another of Gabriel Condes associates by the name of Blake Robert Brischke rang me 28 January 2011 offering to replace the funds with some great value shares in WER. Of course by now I was not stupid enough to accept any such offer as I really needed the cash desperately. I explained about my wife and how I needed the money and he assured me that I would see all my funds returned by the end of February 2011.

In late January I wrote an email to Blake Robert Brischke portraying my view that he has also been lied to by his boss Gabriel Conde and I believed the funds would likely never arrive. Gabriel Conde saw what I wrote and called me a cancer and indicated he would get the funds sent as soon as possible to get me off their backs.

I was now realising this was likely to be a scam. However just in case the scammers thought I was lying about my situation in desperation I emailed Blake Robert Brischke copies of my wifes doctors report, death certificate, daughters passport, bank account statement and even a letter about a small business I had wanted to purchase hoping they would be compassionate enough to return my funds.

Gabriel Conde wanted me to feel that I was the problem. An email from him says funds have been returned to their account on 2 separate times and would I please get the exact transfer instructions for USD to my banks branch so that we all can put this instance behind us. There were more phone calls and emails offering false hope but it was the same old story every time.

Again I emailed John Holmes thinking maybe he had reassessed his judgement of the WER Company and Gabriel Conde. Unfortunately it appears that even after emailing him the facts about Gabriel Conde being Chad Willis and his outstanding Cease and Desist Order he remained loyal to his criminal client. I received a response suggesting the fund payment had vanished into thin air and that was that.

Just last week I received an email from Mike Kitto. The email states that World Energy refutes any claims of impropriety and the matter has been placed in the hands of the relevant authorities. He finishes the email by claiming I have elected to remain a World Energy Partner, however nothing could be further from the truth as the emails I have prove, and therefore the whole email is a complete lie.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.