Report: #1300077

Complaint Review: iain stamp

  • Submitted: Sat, April 16, 2016
  • Updated: Sat, April 16, 2016
  • Reported By: john smith — london Alabama United Kingdom
  • iain stamp
    portsmouth
    ,
    United Kingdom

iain stamp ppf finance advance fees fraud portmouth hampshire

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 iain stamp, companies ppf finance ltd and ppf finance spv ltd and others

Mr Stamp offers loans for projects by offering good terms but takes large advanced fees . His structure is to issue a bond for the loan from his ppf finance spv and then provide a loan using some unusual high yield return system to provide funding. i entered into such an agreement more than two years ago and till now have not seen any loan funds. the advanced fees were paid into an escrow under ppf finance ltd. Timothy Eppel a UK lawyer amongst other law firms provide the escrow facility. the lawyer takes a fee from the escrow deposit, which i recently found when i called the lawyer to see if the funds were still held in the escrow. the lawyer told me that he had taken his fees and transferred the monies that were held in escrow to Mr Stamp. The escrow is pooled with many clients money, as i am aware from the presentations they made and documents they showed, he has signed up with many tens of clients and collected many millions. in the  to presentation i was told that they had a loan book of over 1.5 billion pounds. now when i asked my lawyers to run a check on him and it was discovered that none of his companies has any assets of any value to be able to support any loans worth any amount.

i have chased mr stamp many times and requested my funds to be returned as per the terms of the agreement and he has threatened me by legal letters from Keystone law a london based law firm. After further investigation I found that he has many companies with nice offices pitching his scheme and collecting advance fees in return for commission. One such company is london based Westwood, nice offices, but the same presentation. His directors who met me in person no longer employed by his company

Further investigation has shown that he uses the escrow funds for his personal funding and for funding other of his companies.

He has been collecting funds in England using Irish companies which are not registered with FCA.

This report was posted on Ripoff Report on 04/16/2016 09:42 AM and is a permanent record located here: https://www.ripoffreport.com/reports/iain-stamp/-/iain-stamp-ppf-finance-advance-fees-fraud-portmouth-hampshire-1300077. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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