WIN Investing to enter voluntary arrangement

Investment seminars failing

By Insolvency News, 30 March 2009. Posted in Appointments

UPDATE 26 July 2009
--

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  The proposal was subsequently withdrawn by Darren Winters and co-director Tatjana Valujeva.

--

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

    Doomed to failure

  • Chris Lewis | 15:51 30 March 2009

    If there website is anything to go by they deserve all the pain they're going to get. It's perhaps the worst site design I've ever seen. Who looks at that and thinks, on we definitely need to get these guys in for investment training ..... then again I suppose the insolvency answers that question.

  • Jonathan | 17:03 12 May 2009

    these guys are loaded, sounds like a lot of crap to me, i looked up their accounts and they make a fortune

  • Scot | 16:58 18 May 2009

    Where can i see thereaccounts? They owe me money.

  • Mayfly | 08:35 19 May 2009

    Second time round for dirty Darren, then?

    I sincerely hope the creditors are wise enough to vote against these proposals. It'll fail.

  • Anonymous | 11:57 19 May 2009

    I'm sure he'll be back. He can just use one of the amazing trading systems that he teaches everyone because he is an awesome trader, don't you know?





    Hahahahahahahahahaha! ;)

  • ScamCity | 16:46 19 May 2009

    I know a friend who has personally visited DW at home, in his 7-bed room townhouse just off Pic Circus. And I also know that he has made extensive property investments in his wife home land, some eastern european abode. So I have no doubt it will not be the last we will see of old DW and his polished sales pitch. I suspect his next venture will be seminars on how to make money from carbon emissions :) :)

  • tony levene | 11:13 27 May 2009

    If he is bust, why does Win continue to trade?

  • lee sandford | 11:04 28 May 2009

    How many times do I tell people who want to learn to trade to actually do it with someone who trades. make sure you see their trading account. Visit them in their office and watch them trade. see their trading screens and setup. be wise guys.

  • Robert Morris | 17:39 28 May 2009

    When I heard the news I sent a link to Nightingale Conant's UK office as they have previously waxed lyrical about Darren Winters and heavily promoted his seminars.

  • Anonymous | 10:51 6 July 2009

    They owe me money too.

  • Anonymous | 10:51 6 July 2009

    can anyone post a link where we can find their accounts?

  • Insolvency News | 11:02 6 July 2009

    Are you owed money by WIN? Email us at news@insolvencynews.com

  • Anonymous | 17:30 7 July 2009

    idiots, get a life im worth in exess of £20million because of DW and his company is doing very well.

  • Anonymous | 22:12 9 July 2009

    Worst company ever? not good advert for their money-making skills if their company goes pear shaped!!! my advice: avoid.

  • Anonymous | 06:25 10 July 2009

    The person who claims to have made £20m from Darren Winters: I'm guessing you must either be an ex-wife or he taught you how to rob a bank? cos you certainly wouldn't get that through his mickey mouse share dealing.

  • Danielle | 13:29 11 July 2009

    Went to a seminar in Cardiff last week. It waqs so awful that I left early. Andy harrington was there. Is he going bankrupt as well. I lost my temper with one of the speakers as they keep repeating themselves and their sales pitch. I met some good people though and enjoyed the sunshine in Cardiff. Avoid them if you can. Not worth what they are asking for.

  • Anonymous | 11:10 12 July 2009

    They owe us money - but we will never see it! The money that they have made is from people like us that don't know any better and think they are going to teach us something worth while! Bigger and better things out there!

  • Andy | 12:00 12 July 2009

    I paid £1000 deposit for property investment consultation but was unable to attend due to suicide of my brother. Consultation company requested refund in Apr 09, since then have written several letters and all I get is bullshit and lies or no response.

  • anon | 11:15 29 July 2009

    He is now selling the same courses under a new company called 'Wealth Trading Company' for £4997... from the same address.. How can he keep doing this????

  • Jon | 22:08 29 July 2009

    They are promising you to make millions, and THEY are the ones becoming insolvent! Yeah, right!!!
    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

    Both darren and Andy Harrington are wealth "guru's" yet Darren's company has gone broke and Andy has run away to Cyprus to hide after his company collapsed! what a load of BS how do these people sleep at night?

  • sj | 13:31 7 September 2009

    saw darrens name being mentioned
    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

    he was there at the IX expo today so not bust aparantly.

    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

    I took Win Investing to Small Claims Court in September 2009 and won repayment of £1997 plus costs of £265. Now they are trying to have it overturned on the grounds that they were 'away' when the case was heard and could not attend. They are also trying to say that I purchased a Stock Market Course, when in fact I purchased a Property Course. This was all presented at an Andrew Reynolds Bootcamp in Brighton in 2008, and frankly I am surprised that Mr Reynolds allowed this bunch of crooks into his venue.

  • ....... | 16:31 11 November 2009

    Andy Harrington now lives in Meopham, Kent

  • Nandu | 08:13 14 November 2009

    David (Clapton)

    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

    I recently attended a Win Investment seminar. It looked at felt like a scam. Half-cocked presentation that was inconsistent, the answers to questions vague. I never pay completely up front for a professional service. This is why. It would have been a disaster and my hard earned would now be lining some crook's pocket without proper recourse.

  • Anonymous | 14:52 1 December 2009

    They recently had a free seminar in Ware, nobody from the company turned up so maybe they are finally gone for good

  • sj | 13:57 5 December 2009

    Andy Harrington now lives in Meopham, Kent
    do you know his home address
    just so i can let others know

  • Mia | 07:50 31 December 2009

    I believe this is the contact address for Andy (this not his personal address, needless to say). Power To Achieve Ltd
    180 Eureka Business Park
    Ashford
    Kent
    TN25 4AZ

    Telephone: 01233 663838

    Fax: 0870 169 8798

  • Mia | 07:59 31 December 2009

    By the way, the saga with Win has been going on for years, rather than months. Customers as well as their staff have been taken for a ride, big time. Those who had some senses left the company at a reasonable rate, most of the others got left short changed. I am just so surprised that this kind of conduct is actually legal in this country... The system does not work, sorry.

  • Anonymous | 20:34 17 January 2010

    http://www.blogtalkradio.com/thinktalkradio

  • Anonymous | 15:22 19 January 2010

    Name & Registered Office:
    POWER TO ACHIEVE LIMITED
    KINGS LODGE
    LONDON ROAD
    WEST KINGSDOWN
    UNITED KINGDOM
    TN15 6AR

  • Anonymous | 21:43 17 February 2010

    https://p2a.infusionsoft.com/in/i124f80/3210454fe62a61a0930939e860e1075641b3b52c4d4569f32bad50ef86259903&m=7423

  • Happy Win Client | 13:27 5 March 2010

    People must realise that since the beginning of 2009, all the courses were upgraded and in most cases, the course material is all new. So things have improved a lot, and I am happy to say that I have found the new courses of great value.

  • Win Client | 13:34 5 March 2010

    Darren Winters has started a new business:

    http://wealthtrainingcompany.co.uk

    OC342574 - Registered at Companies House
    207 PROVIDENCE SQUARE
    MILL STREET
    LONDON
    SE1 2EW

    It is based at the same address as Win Investing.

  • Anonymous | 10:50 20 April 2010

    Llhago house, Wrotham Road, MEOPHAM

  • A Happy Customer | 16:06 4 May 2010

    Hi All,

    I went to the Win Invest course 4 years ago and for the most part I make up to 30% profit on my trades. Im not saying the company/owners are not 'shady' but the system has worked for me and my partner.
    :D

  • Anonymous | 21:46 7 May 2010

    I also lost money thru their 'property' company. Wrote to them many times but to no avail - kept getting evasive replies... eventually I gave up!

    Don't get involved with this company at any cost!!

    Multiple addresses appear for Win Investing..

    http://www.creditgate.com/companysearch/WIN+INVESTING+LLP.aspx

    WIN INVESTING LLP
    38 Poppleton Road
    LONDON
    E11 1LR

    http://www.jordanwatch.co.uk/reports/details/OC304488/wininvestingllp.html

    3rd Floor 207 Providence Square
    Mill Street
    London
    SE1 2EW
    Tel: 020 7740 7300

  • Anonymous | 12:59 3 July 2010

    http://wealthtrainingcompany.co.uk/wtc_stock/index.php

    Come spend more money with them.

  • DW | 13:04 3 July 2010

    People that complain about losing money with Darren Winters’s companies, Win Investing, or The Wealth Training company, has only got themselves to blame.
    If you don’t do your due diligence on a business or a person properly, you deserve to lose money.
    Most people are losers in life, and are just exploiting each other.
    So get with it, life is hard!

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