I was ripped off by a group operating from Spain, it was a cold
call. I lost over $4,000, never again. I applaud what your
doing! Hhopefully people in the future will not be taken in by WBFI.
On Apr 17, 1:55=A0pm, wbfi <fjohnso...@[EMAIL PROTECTED]
> wrote:
> WBFI Trading is a scam that relies on cold calls from Central Europe:
> WBFI Trading (Wealth Builders Financial International) a so-called
> precious metals advisory firm is bankrupt. WBFI's president and owner
> Judy Jackson is an experienced "loader", a sales term for someone who
> takes an existing client and tries to induce them to buy more. She is
> well known in the seedy telemarketing and cold call sales industry.
> Jackson previously dealt with shady stock sold in Spain, Costa Rica
> or
> Florida. She has a registered business in the state of Florida under
> the title of Wealth Builders Financial International. She has
> recently
> branched out to the EU and is now located in Budapest, Hungary where
> Jackson has created a clever shell game of fraud and deception,
> selling gold and silver to the UK and the EU. Wealth Builders is also
> a registered business in Hungary. One of the main reasons Jackson
> left
> the United States was to avoid criminal prosecution for fraud. She
> had
> previously worked at Livingston in Budapest a company dealing with
> with IPO stocks. The company was shut down by the Hungarian National
> Police for fraud, the owners are now in custody in Budapest, awaiting
> trial. Jackson fled two weeks before Livingstone was shut down to
> avoid prosecution. Jackson also worked at Rhino Commodities in
> Barcelona, Spain, which was sanctioned and fined by the British FSA
> for cold calls and fraudulent activities. Rhino has since closed
> their
> offices in Barcelona. Jackson is now using this website to sell from
> the EU at:https://www.wbfi.eu/
>
> The owner Judy Jackson is a con artist and has gone through a number
> of partners and employees: cheating them out of payment and profits,
> promising generous commissions, salary and then giving only half of
> the promised commissions or nothing at all. One former partner had
> several real estate projects, mostly fraudulent ones. Gabriell Jarrod
> (one of many names he uses) wanted 50% of the business based on his
> leads which were worthless. The leads were free downloads from real
> estate lists: agents, property investors etc. One scam involved a
> Romanian property development getting clients from the UK to invest,
> take the commission from the sale and claim that all was well and the
> development was proceeding as planned. The Romanian property owner
> would take the money but not build anything. Amazingly no one ever
> checked to see if they were building the development. Apparently the
> Romanian partner claims that all the money was in his wife's name and
> she has just died. His property rental and real estate business in
> Hungary was failing due to the economic world recession and he
> thought
> he could hustle his way into the gold and silver market by promising
> good leads for free to Jackson. See this link for Internet press
> release info
at:http://www.free-press-release.com/news/200804/1208460854.h=
tml
>
> Starting in January 2008, to replace her former partners and his
> employees Jackson has imported and surrounded herself with friends
> and
> street people, some from the USA. One big black guy they brought in
> from Philly, was abusive and crazy. Derrick would go out and smoke
> pot
> and crack and come back in and try to close deals, coming into work
> at
> her home so drunk, he collapsed in the couch for half the day until
> one of the owners caught him sleeping, apparently passed out for
> hours. Jackson questioned Derrick but wouldn't fire him as WBFI
> needed
> his skills so desperately. Jackson is being sued in Budapest, Hungary
> as she does not pay her landlord or bills. Jackson rents a large
> home,
> pays the first months rent and deposit, she then refuses to pay
> anything further, claiming that their is a problem with the plumbing
> or the Internet connection will not work, stays five or six months
> until the owner files suit and forces her to leave the residence and
> then moves on, repeating the procedure so she can rent an expensive
> home in the hills at a discount or as Jackson states, "almost for
> free".
>
> The first week in March 2008, WBFI supposedly had $700,000 in excess
> equity or profit from our clients accounts (the book). The owner
> previously only dealt with gold and silver, Jackson then decides to
> go
> into platinum and palladium, when it had peaked in price due
> supposedly to an electricity shortage in South Africa. She then
> convinces all clients to change from gold to palladium, Jackson
> claims
> that she is not even charging a commission for the service.
> Interesting in that the first pitch we used to get clients in, was
> that WBFI only charges a one time fee. However, in the disclaimer/
> risk
> disclosure that is sent the fine print states that WBFI charges a 15%
> commission every time a transaction is completed, to include loads
> and
> rolls. Palladium is a thinly traded metal used in the auto industry,
> the day after she convinces all her clients to change metals from
> gold
> into palladium, the metal loses over $200 an ounce. Her economic
> genius is astounding, in 24 hours she loses over a million dollars,
> putting every client into margin call.
>
> Jackson claims to be under heavy stress and suffers from migraine's.
> Jackson hired a private Hungarian doctor to give her injections of
> so-
> called vitamins or cocktails, because of her supposed medical
> problems. Jackson claims that she is constantly vomiting blood and
> suffers from stress headaches. I have never seen her hospitalized,
> she
> has her partner Blair simply call the doctor and then gets injected
> with Morphine or Seconal. Some injections were a mixture of Demerol
> and other strong narcotics, that knocked her out for the evening and
> the next day. I worked in her home and was asked to stay late to do
> evening calls to the UK. When I was ready to leave I saw Jackson on
> the living room couch and her pants or skirt lowered and the doctor
> injecting her with a large syringe. I also found many needles in
> their
> home and she claimed to be a diabetic. I also found wrappers with a
> tarry black substance, many containers for Xanax,Valium as well as
> Perkaset, all being prescribed by the Hungarian doctor.
>
> Jackson gets around many laws by transferring her UK accounts to her
> US banks and metals depository, where legal action to reclaim client
> losses is harder to locate as they have to file suit in Florida and
> not Hungary. The US clients funds are put in a Hungarian account, so
> if legal action is sought they have to file suit in the EU. Jackson
> employs a metals depository in Miami, Florida called Capital Asset
> Management, which is operated by a Cuban who uses the street name of
> Carlos. My understanding is that Carlos gets a lot of his funding
> from
> the Floridian Cocaine trade. Her former US website
athttp://www.wbfi.com/
> has been discontinued and the web address is for sale because of her
> legal difficulties in the United States where she can no longer
> openly
> conduct business.
>
> Jackson has lost all the profits from the gold and silver. In the
> middle of March 2008 thanks to a huge influx of cash from the US
> government and a slightly improved US economy, due to speculation
> that
> the government will put more money in the market place and give
> generous tax refunds. Oil tanked and so did gold and silver over a
> week long period in March 2008. Because of these factors WBFI has now
> lost value with the remaining gold and silver which has gone into
> margin. Many of Jackson's remaining clients can not make margin due
> to
> the heavy losses already sustained. Almost all have lost their entire
> investment, total 6million dollars from over 30 clients. Apparently
> with the metal that is left, she has cashed out all the client
> accounts and split, closing her doors............ Setting up another
> phone room in another office in Budapest. The owner took the Easter
> holiday as cover to close the accounts, not pay the employees and
> take
> off.
>
> Ms. Jackson and her crew are looking for new clients to build a new
> book. Whatever you do, do not do business with this firm. My best
> advice if you want a safe investment, keep your money in the bank.
> The
> United States Embassy in Budapest, Hungary has been notified of
> WBFI's
> activities as well as the FBI who regulates the gold and silver
> bullion market in the United States where the bullion from her firm
> is
> supposedly held.
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