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Post by Sapphire Capital on Oct 30, 2019 22:31:45 GMT 4
Simon Hooper has been charged with fraud in England regarding his latest firms, Rationale Asset Management Plc and Rationale Investment Ltd.
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Post by exploreral on Dec 2, 2019 18:09:40 GMT 4
Does anyone know anything about this? I got caught out by him in a commodity fund called Kijani a few years ago. I think they cleaned people out for over $200m.
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Post by congregatio on Dec 2, 2019 22:29:29 GMT 4
Kijani Commodity Fund: positive returns for investors in 49 of the 51 months it was trading, seized by Cayman authorities for an inability to verify its assets in June 2015. Price WaterhouseCooper found that the fund's only asset was a commercial loan to its primary company, Kijani Resources. Kijani had more than $130 million in managed assets when Cayman Island oversight seized them.
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Post by exploreral on Dec 3, 2019 22:05:23 GMT 4
Kijani Commodity Fund: positive returns for investors in 49 of the 51 months it was trading, seized by Cayman authorities for an inability to verify its assets in June 2015. Price WaterhouseCooper found that the fund's only asset was a commercial loan to its primary company, Kijani Resources. Kijani had more than $130 million in managed assets when Cayman Island oversight seized them. That's the one. PWC wrote a few times, little if anything coming back, meanwhile they are burning fees. |
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Post by Sapphire Capital on Dec 3, 2019 22:10:36 GMT 4
file a complained with the authorities that PWC is delaying in order to keep charging and lowering the payout it may not get you much but it will cost them and tighten their focus
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Post by exploreral on Dec 3, 2019 22:17:06 GMT 4
file a complained with the authorities that PWC is delaying in order to keep charging and lowering the payout it may not get you much but it will cost them and tighten their focus Thanks, I've just been asked to join a group of Kijani investors to try to get some control of this process. I was also emailed to say they bought a yacht called Ratio and a plane, presumably bought out of the money loaned. www.superyachttimes.com/yachts/alma-36m |
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Post by dracon on Dec 3, 2019 22:46:53 GMT 4
not sure if I remember this right: The Kijani part of the group is being liquidated by Simon Conway and David Walker, of PricewaterhouseCoopers in the Cayman Islands.
I believe the first point of contact is Ben Henshilwood, who can be reached by email at ben.henshilwood@ky.pwc.com or by telephone at +1 (345) 914-8743.
But this could be old news. Doubt that there is anything to get, you might want to explore a legal claim against the people who introduced you to, and recommended, Kijani, e.g. your investment advisor and the “accountant”.
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Post by exploreral on Dec 5, 2019 15:03:43 GMT 4
not sure if I remember this right: The Kijani part of the group is being liquidated by Simon Conway and David Walker, of PricewaterhouseCoopers in the Cayman Islands. I believe the first point of contact is Ben Henshilwood, who can be reached by email at ben.henshilwood@ky.pwc.com or by telephone at +1 (345) 914-8743. But this could be old news. Doubt that there is anything to get, you might want to explore a legal claim against the people who introduced you to, and recommended, Kijani, e.g. your investment advisor and the “accountant”. Yes, you are completely right about Kijani and liquidators. I've explored claiming against introducers and sadly no possibility there. |
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