Welcome to Wikifrauds                                            
                           Warning!  This company is a complete scam!                                           
  Dean Wentworth's
 The Euroasian Group of Companies
 Westerly Mortgage Trust
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)

see http://www.euroasian.com/WesterlyMortgageTrust.htm
                                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.
with his boyfriend, Dominique Descat, pictured below.
                                            We also believe that they spend about six months a year in Port Douglas, Australia.

Westerly Mortgage Trust is nothing but a news letter disguising Wentworth's real aim - to get your money and keep it. Read more.
Cross-links:  Dean Wentworth and Euroasian   Jeremy Whitley   Michael Briscoe
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 company, and 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.

Many 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 starts. No 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.

And 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".

                       Check the website. It all looks pretty professional, but that's how these scammers get their money. See sample below:
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

LenderA United Kingdom based Fund.
Project TypeSuitable for completed and to be built, projects.
SecurityFirst 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.
CurrencyEuros and USD
TermUp to 15 years
RateCurrently 4.5% to 6.5% fixed for the term.
Loan to Value RatioUp to 100% of cost.
Equity RequirementsLender 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.

This 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:


And please also contact any of these journalists:
 The Sydney Morning Herald:             Kate McClymont      kmcclymont@smh.com.au   
 The BBC:                                            Adrian Goldberg       adrian.goldberg@bbc.co.uk
 The Times, UK:                                  Ashling O'Connor      ashling.oconnor@the-times.co.uk
 The Wall Street Journal:                   David Roman            David.Roman@dowjones.com
 The Australian                                   Hedley Thomas         thomash@theaustralian.com.au
 The New Zealand Business Review  Matt Nippert             mnippert@nbr.co.nz
 Bloomberg News:                               Alex Duff                   aduff4@bloomberg.net


The following is a lift-off their webpage. Pasted below that is a screen print from the Hong Kong Companies register. It clearly has no record of any Westerly Mortgage Trust

The Westerly Mortgage Trust


A substantial Hong Kong based lending and investment Trust that has been established for many years. Dean Wentworth is one of the Trustees.

Project Type

Designed for construction projects.


First charge over the Project plus an equity share (see below).

Guarantee Sum

10% of the loan sum must be deposited with the Lender for the term of the loan, repayable upon repayment of the loan. This can be in the form of cash or a bankable asset.  Euroasian is sometimes able to assist a Borrower to raise the Guarantee Sum.




Up to 15 years.


Zero interest as the Lender will hold equity in the Applicant�s project.

Loan to Value Ratio

Up to 100% of cost.

Equity Requirement

29% but lower in the event the Applicant has existing equity in their Project.

Minimum Loan Sum

USD 100 million or if a Euro loan is preferred, EUR 100 million.  Smaller loans will be considered on a case by case basis.


The Applicant is required to lodge a current Business Plan and to pass Compliance. Euroasian makes no due diligence, meeting or travel related charges but 3% of the loan sum is paid to Euroasian at closing, deducted from the loan funds.

Client Meetings

Client meetings are held in Euroasian's San Jose office.

                                                       Home                                                Contact us