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Stephen Durnford
A year ago I gave a good review of the purchase process. What I was not aware of then was that they had not carried out proper due diligence or monitoring of the Company, Carlauren. One of the main people involved, Paul Murphy, had been given a 6 year sentence in 2011 for a boiler room fraud. The main man, Sean Murray, had been buying a private jet, 2 big big yachts in France & multi million pound houses for himself & his ex wife. None of the work was completed on the project I invested in, the money was transferred inter-group company to be either squandered on high living or used to pay other investors income (while it lasted). It was being operated as a ponzi scheme, I'm sure this was always the intention. Had One Touch been monitoring the business in any real way it would have been very obvious that it was a scam with hardly any work on the multiple projects having been completed. Carlauren is now in administration & something between 40-50 million pounds of investor money is 'missing'. Companies like One Touch receive v high commissions on these sales, in the region of 10%! So they have a rather obvious conflict of interest in uncovering fraudulent businesses they are promoting. Once it was obvious the firm was a fraud they jumped up to help investors but no mention of reimbursing any of the money they made... I got a call from them recently.. there are a lot of Paul Murphys he said - indeed but you would think that identifying actual named key individuals in a business and performing background checks would be a first step before recommending investments to clients would you not? Invest through this company at your peril.
4 years ago
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One Touch Property has a 4.3 average rating from 71 reviews

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