The Euroasian Group of Companies
Westerly Mortgage Trust (link) The Wentworth Foundation Wentworth, Dean Passport: E7027028 -Australia First Union Ltd (Nassau, Bahamas) The Wentworth Foundation (Nassau, Bahamas) Dean Wentworth Chadwick Corporation Ltd (Nassau, Bahamas) Updates
BEWARE: THIS OUTFIT IS A COMPLETE SHAM
Wikifrauds has evidence of this company taking very large up-front
advance fees for loans or joint ventures that never eventuate, and fees
that are never refunded.
If you want confirmation of this scam and evidence from victims, contact us below.
Dean Wentworth is an Australian currently living in Pebble Beach, CA. We also believe that he spends about six months a year in Port Douglas, Australia.
Introduction: Most Ponzi schemes involve
potential investors handing over money for investments on sure-fire
returns that never eventuate. For a while, the unsuspecting investor
gets statements showing their investment growth, some may even be paid
apparent dividends to keep their beliefs on a high for a while, and to
use as references for new investors. So the money pours in to the fraud
trickles out as 'dividends', and so the scheme mushrooms. But there is
nothing at all behind the company, and while it fools a lot of people
for often a long time, sooner or later it all falls over, and the
company owners have disappeared with all the money.
advance fee loan companies and scam brokers work on a similar line,
except that customers aren't investing, they
are wanting to borrow capital for projects. They are enticed into
paying huge up-front fees to get the loan process started. So a loan
applicatant pays thousands of dollars in fees, and then the snow job
loan ever eventuates, and the loan company or broker company just hang
onto the borrowers money while changing the goalposts and seeking
further information from the client for as long as possible to stall
proceedings. A well rehearsed trail of excuses continues until the
client gives up. It is always then too expensive to recover fees
legally as most deposits have been made to an overseas 'corporation'
which always seem to be registered in the Cayman Islands, Bahrain,
Vanuatu, Costa Rica or other such 'tax haven' countries where the
pursuit of refunds becomes impossible. A
"Nigerian" style Ponzi scheme.
when a client does jump up
and down and demand their so-called "refundable" fees be returned,
they inevitably are told that there will be break costs and charges or
other fees that will (or have already) been incurred by the lender and
therefore cannot be refunded. It is all hidden away in the fine print
of the initial application documents.
There is also a current warning on the USA website"Cyber Crime Ops". ________________________________________________________________________________________________________________________
Update June 30, 2012
Since first publishing this webpage on Wentworth, we have received dozens of complaints and evidence
of the scam being perpetrated by this man and his associates listed
below. And we have found that Wentworth, when questioned about why our
website exists, reverts to attacking us and alleging that we are
Typical is this email below from wentworth to a potential victim in New Zealand:
Wikifrauds posting is from a finance broker with whom I have no relationship.
Internet postings such as these are difficult if not impossible, to trace as the
people who post the messages, never identify themselves lest they be sued. In
the Wikifrauds case, the broker threatened to do what he has done unless I paid
HALF A MILLION UNITED STATES DOLLARS TO HIM. I never had any obligation
to him at any time so it is simple blackmail and as such has been reported to
the appropriate Authorities. Legal action has been taken against the offender
and accordingly I am limited in what I can reveal.
I have been
in business since 1960.The people and banks that know me, take no notice of such
postings however should you elect not to proceed, I will take this opportunity
to wish you the best for your project.
There has been no legal action whatsoever.
We welcome Wentworth to do exactly that, and if he wishes to contact us
we will gladly provide him with details of our law firm to enable him
to commence proceedings.
A TYPICAL SAMPLE OF THE OFFERING:
Program SC1 Loan Fund
Other references Wentworth, Dean Passport: E7027028 -Australia First Union Ltd (Nassau, Bahamas) The Wentworth Foundation (Nassau, Bahamas) Dean Wentworth Chadwick Corporation Ltd (Nassau, Bahamas)
Possible Associate: Mr Vincent Chow
A United Kingdom based Fund.
Suitable for completed and to be built, projects.
First charge over the Project
Cash Deposit (The Sting) --->
12% of the loan sum must be deposited with the Lender
for the first year of the loan at which point it will be deducted from
the principal leaving 88% owing. Euroasian is generally able to assist
the Applicant to borrow the major portion of this Cash Deposit.
Euros and USD
Up to 15 years
Currently 4.5% to 6.5% fixed for the term.
Loan to Value Ratio
Up to 100% of cost.
will take a 60% equity position during the term of the loan which is
returned to the Borrower upon loan repayment. Lender does not require
to share project income. Therefore the Borrower has effectively raised
100% of the project cost without having to share equity.
company has very recently been given the opportunity to refund a huge
up-front fee and will not do so. Details will be published in coming
days if this refusal continues.
If you have further information you would like to share, please contact: