WIN Investing to enter voluntary arrangement
Investment seminars failing
UPDATE 26 July 2009
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Since this article was published, we have confirmed with one of WIN's directors that WIN Investing proposed a voluntary arrangement to its creditors. The directors confirmed that the company was insolvent, and unable to pay its debts as they fell due. The proposal was subsequently withdrawn by Darren Winters and co-director Tatjana Valujeva.
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WIN Investing LLP, which heavily advertises its ‘free’ investment seminars on the radio and tube, is to propose a LLP Voluntary Arrangement, a process essentially the same as a company voluntary arrangement.
The company was founded by Darren Winters, whose chequered history has been widely exposed in the media. WIN operates on a similar basis to Inside Track, which collapsed last year.
Customers are tempted in to a free seminar on investing where they are given a highly polished sales pitch to persuade them to part with up to £3,100 for a three day intensive seminar on investment, at which the company has claimed to have 500 attendees. They are then encouraged to join an investment club.
Here’s an excerpt from an investment forum as a taster:
"What are we going to talk about today? Well first of all, I just want you to imagine this scenario. Let's just imagine that I have given each of you £1m, and it's in a safe. And that's pretty good news on the face of it. But what if I then told you that only I have the combination? You don't have the combination. Not such good news, is it? But when you think about it, the only thing between you being rich and you not being rich is that combination."
So begins my Win Investing 'Wealth Workshop' - a free three hour seminar that boasts, "No catches. No gimmicks. That's our promise to you".
"And I can't help but think about that programme Who wants to be a Millionaire?" continues Alan Johnson, the Win Investing frontman this evening. "My wife always says to me it's only easy if you know the answers. And that's true. If you knew all 15 answers it would be quite an easy thing. So it's just the answers. It's just a question of knowing something and not knowing something. And the stock market is exactly like that."
"Is investing really a question of having THE answers and pocketing a million pounds? And does Mr Johnson really hold the combination that would unlock £1m from a safe for us all? Perhaps so, but getting it out of him is not going to be easy. Within minutes, he acknowledges that tonight he'll only be giving us "the three-hour tip of a two-day iceberg". And that iceberg is a far cry from the free three-hour seminar. It turns out to be a course costing £3,100, but "only £1,450" if we sign up tonight"
The voluntary arrangement proposes that creditors accept 45p in the £ over the next five years. Insolvency practitioners Walsh Taylor are believed to be the nominated supervisors.
Comments What do you think?
Anonymous | 14:47 30 March 2009
Chris Lewis | 15:51 30 March 2009
Jonathan | 17:03 12 May 2009
Scot | 16:58 18 May 2009
Mayfly | 08:35 19 May 2009
I sincerely hope the creditors are wise enough to vote against these proposals. It'll fail.
Anonymous | 11:57 19 May 2009
Hahahahahahahahahaha! ;)
ScamCity | 16:46 19 May 2009
tony levene | 11:13 27 May 2009
lee sandford | 11:04 28 May 2009
Robert Morris | 17:39 28 May 2009
Anonymous | 10:51 6 July 2009
Anonymous | 10:51 6 July 2009
Insolvency News | 11:02 6 July 2009
Anonymous | 17:30 7 July 2009
Anonymous | 22:12 9 July 2009
Anonymous | 06:25 10 July 2009
Danielle | 13:29 11 July 2009
Anonymous | 11:10 12 July 2009
Andy | 12:00 12 July 2009
anon | 11:15 29 July 2009
Jon | 22:08 29 July 2009
I read of a scam going on like this on a blog the other day.. see http://knowledgetoaction.blogspot.com/ This is exactly the same. Stay away from these thieves!!
Stuart | 00:38 6 August 2009
sj | 13:31 7 September 2009
whilst looking up information
on other conmen andy harrington
and jarl moe,
feel free to add any knowledge
to the thread
http://forum.rickross.com/read.php?4,76636
Anonymous | 16:40 2 October 2009
couldnt even bring my self to look at the man. He wont go bust in a climate like this when people are more desperate than ever to get themselves out of this economic hole.
disgraceful
David Clapton | 13:30 28 October 2009
....... | 16:31 11 November 2009
Nandu | 08:13 14 November 2009
I too am a victim of Win Investing Property course. Worse still I paid a lot more for the Property Master class etc, but they have still not sent me a date. Now I see why!
If you don't mind, could I contact you directly. I would be extremely grateful to know how you went about getting your repayment through the Small Claims court.
Also Mr Reynolds has also not fulfilled his promises to many other Brighton Bootcamp attendees (like you and me), having spoken to some of them
My email is cnandu@gmail.com
Seminar attendee | 10:34 1 December 2009
Anonymous | 14:52 1 December 2009
sj | 13:57 5 December 2009
do you know his home address
just so i can let others know
Mia | 07:50 31 December 2009
180 Eureka Business Park
Ashford
Kent
TN25 4AZ
Telephone: 01233 663838
Fax: 0870 169 8798
Mia | 07:59 31 December 2009
Anonymous | 20:34 17 January 2010
Anonymous | 15:22 19 January 2010
POWER TO ACHIEVE LIMITED
KINGS LODGE
LONDON ROAD
WEST KINGSDOWN
UNITED KINGDOM
TN15 6AR
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