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Has anyone had any dealings with a company called "Bull Markets Solutions Limited"

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Has anyone has any dealings with a company called "Bull Markets Solutions Limited"? Interested to hear anyone who has. Read More
Dundawala Avatar
6m, 4d agoPosted 6 months, 4 days ago
Has anyone has any dealings with a company called "Bull Markets Solutions Limited"? Interested to hear anyone who has.
Dundawala Avatar
6m, 4d agoPosted 6 months, 4 days ago
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(1)
You've been had. And they're trying to bleed you some more.

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#1
No mate. Any good?
#2
Showed great returns. But now asking for cancellation fee before returning and monies. Contacted by James Clark from Bull Markets (?) saying company is liquidating and he is trying to return money to investors. Staff all gone only thee in office brought in to liquidate. Hence pay cancellation fee or loose all. With only name and mobile no, who knows what is real. I did forward a small amount and was then told it went to a fraudulent account, so asked for more money for fee. Any comment anyone.
#3
Yes showed Great Returns, but never managed to get access to the funds. Have been contacted by a 3rd Party company called Elite Business Solutions, asking for about 10% payment for them to get some money back. No guarantee that you will get anything. I've not paid anything and not planning too. Can not find anything more about the company itself going into liquidation. Interesting to find out if you get your money or anyone else.
#4
I too have had bad dealings with Bull-Market Solutions and have probably lost all my investments since they have gone into liquidation. Spoken to Nathan Brookes and James Clark who only wanted more money to supposedly release my funds. Now they and their website have disappeared.
Recently I have been contacted by Elite Business Solutions of Stoke on Trent who say they are the Escrow agency for Bull Markets and if I pay them they will be able to release my funds. Should I trust them? Has anyone had any good outcomes from this?
#5
Note two other blogs - Forexpeace Army, and Eathanvanderbuilt.. They are still answering mobile number.
#6
Latest is request for more money on top of "cancellation fee" for "Tax" to American authorities, as amount is greater than 25K
#7
Although I have been approached by Bull Markets and Elite Business Solutions and asked to pay a cancellation fee I have told them that I am not in a position to pay anything more. Since I told them that they have stopped calling me. I do not intend to pay them anymore. Not sure what to do next, but I will look at the 2 other Forums mentioned.

This investment, is suppose to be Tax free, that's how it was sold to me. Based here in the UK. So don't know why they are asking you for more payments to pay for US Tax. Sound's they are trying to squeeze even more money from you.

Finally, if the Company has gone into liquidation, why is this not recorded anywhere. If a company goes into Liquidation - this need to be recorded somewhere and Companies House was showing the company as trading.
#8
Dundawala
Although I have been approached by Bull Markets and Elite Business Solutions and asked to pay a cancellation fee I have told them that I am not in a position to pay anything more. Since I told them that they have stopped calling me. I do not intend to pay them anymore. Not sure what to do next, but I will look at the 2 other Forums mentioned.
This investment, is suppose to be Tax free, that's how it was sold to me. Based here in the UK. So don't know why they are asking you for more payments to pay for US Tax. Sound's they are trying to squeeze even more money from you.
Finally, if the Company has gone into liquidation, why is this not recorded anywhere. If a company goes into Liquidation - this need to be recorded somewhere and Companies House was showing the company as trading.

If the product includes shares in the US then there may be US tax to pay. I had some US shares given to me when I worked for a US company that operated in the UK so when I sold the shares, I had to pay US tax.

Have a look at the following link with regard to how to take your complaint to the financial ombudsman. However, if the company has gone or is going into liquidation you may get little compensation. Having said that, investments are protected if the company goes bust but I have never really looked that closely at the compensation details myself so can't comment on whether your investment would fall into this protection.

https://www.fca.org.uk/consumers/how-complain
#9
The continuing story of Bull Market Solutions -
I have been contacted by a Denis Hamilton of Elite Business Solutions who wanted ~10% of my holding to release the funds from the Bull Markets liquidators. They seem to be operating from a an industrial estate in Stoke on Trent and before that they were called EWMS Ltd (Enviromental Waste Management Systems ?). Since I doubted their financial credentials they seem to have gone quiet.
I have now been rung by a Jonathan Shares of a company called Talbot Asset Management who seemed to know about me and again said if I paid them ~11% of my Fund they would be able to release my funds. They seem a little more bona-fide and have sent me some paperwork in the post (Invoice and T&Cs). But the alarm bells are still ringing for me. Am I on a 'sucker list' and will get more of these calls?
Has anyone else heard of or been approached by these companies?
#10
Talbot Asset Management have been calling from 02078594831. Google the number and whocallsme.com, to hear other peoples experiences/comments
#11
You've been had. And they're trying to bleed you some more.
#12
I was contacted by Talbot Asset Management, by a guy called Philip. Same old story in-order to get access to my funds I need to pay 10% fee upfront. As soon as I mention that I am not prepared to pay anything to anyone else up-front things go quiet. Why they can not get access to my funds and then deduct the 10%, I don't know. All a bit of a scam to get more money out of me. Which is something I'm not prepared to do or won't do.

I am being told that the company has gone into liquidation, but again there are no details anywhere. Surely, when a company goes into liquidation, it must be recorded somewhere with courts/HMRC?

Has anyone successfully got funds back by paying anything. Interested to hear.
#13
I don't know if you have been following another similar thread about Bull Markets / Talbot Asset Management on the Forex Peace Army site -
http://www.forexpeacearmy.com/community/threads/bull-markets-solutions-problem.48524/
Perhaps we could all contact the contributor on there GTBMOZ ?
#14
Paid small amount to Talbot Asset Management with promise of repayment of monies within seven days. Guess what instead - a request for a lot more money
#15
Companies paying profits from USA to foreign nationals are obliged to have "withholding tax" of 30% in case tax is due to IRS. The PAYOR is responsible to pay to IRS any tax due so up front money is not required. The payee sends form 8-WBEN to the payor. As UK and USA have tax treaties the amount of Tax to be paid to IRS, (if any) is then determined. Note tax in UK is zero as Binary Options are gambling.
#16
Henry33
Paid small amount to Talbot Asset Management with promise of repayment of monies within seven days. Guess what instead - a request for a lot more money
not sure if serious
#17
I've refuse to pay any more money to anyone else... there doesn't seem to be much information on the company going into liquidation, or investigation. All these companies are trying to do is scam more and more out of you. Has anyone reported this to the Authorities or even Watchdog. I'm sure there are a lot more people out there how has lost their hard earned savings.
#18
Meerkat52
The phone calls from Talbot Asset Management and Elite Business Solutions seem to have gone quiet since I said I would not pay them anything and put the phone down on them. I am sure they are all scammers. I suggest you report your experiences to Action Fraud who have an investigation going on into Bull Markets - this is being handled by West Midlands Police.
I would also suggest you contact GTBMSOZ on his email address [email protected], who kindly is trying to co-ordinate a possible action against Bull Markets.
Follow the similar thread on -http://www.forexpeacearmy.com/community/threads/bull-markets-solutions-problem.48524/page-5
Interestingly there is a version of the Bull Markets website still visible - you might want to take screenshots to act as evidence before it disappears - https://en.bull-markets.com/prosite/

Thanks for this information. I did contact GTBMSOZ via his webb site, but did not pursue emailing him all my details, just in case this was a scam.
#19
I was cautious too, but I have had several emails from him and he seems genuine. I have not given any personal details only history. Make your own decision. However I suspect all my money has gone and the authorities will not be able to recover anything.
#20
The site CreditMan states - The following companies have been placed into Administration and the Notice of Appointment has appeared in the London Gazette: BULL MARKETS SOLUTIONS LIMITED - See more at: http://www.creditman.co.uk/news/appointment-of-administrators-notices-23-march-2017
#21
A petition to wind up Bull Markets solutions Ltd will be held at the Royal Courts of Justice, 7 Rolls Building, Fetter Lane, London on 10th April 2017, at 10.30am.
#22
Thanks Henry33 for this information. Where do we go from here. I need to do some research into this.
#23
The administrator must notify all known creditors of his appointment as soon as reasonably practicable, and must send a copy of his proposals for achieving the purpose of administration to all creditors within eight weeks of his appointment. A meeting of all creditors must then normally be held within ten weeks of the date the company went into administration in order to consider the administrator's proposals, (this depends on certain circumstances and may not be required).

Administration stops any legal action or process against a company from proceeding, unless the Administrators or the English Court give permission. This means that creditors can’t take legal action against a company in administration to recover outstanding amounts.
#24
Does anyone have any contact information on this company as I am trying to get hold of them myself?
#25
It is confirmed that BM were wound up yesterday. The receiver should contact creditors within two days of being appointed.. Note:- among other duties, he is legally obliged to investigate whether there was any wrong doings by the company. For some time BM have been uncontactable, unless they ring you on a private number.
#26
So is there any chance of anyone getting anything back from BM?
I have recently been contacted by a Mark Kerns from 'Central Reservation Services' who said they are trying (successfully?) to get funds back for BM clients from the Binary Options platform run by Cysec (based in Cyprus) which was used by Bull Markets. If I was to pay them a Capital Exchange Fee of ~10% of my fund value they would be able to  return my fund in full and also refund the fee. He said the word 'guaranteed' !??
Has anyone else had this or been successful? Should I trust him? Another scam?
#27
BM, in my case never kept the records which were on the screen up to date, so you may be told that the amount of money which may be in your account is much greater than indicated on the web page. So you may be asked for quite a bit of money. Then after that, you may find that there are some other fees to be paid involving more money from yourself. There appear to be a few firms offering to get money back, but it is very chancy. Having gone through this process myself with one of these firms, I am waiting to see if I have been had again. I should know in a couple of days. However the salesmen are very persuasive. The Central Registry of Winding-up Petitions located at Rolls Building, London, (at the Courts) is what they refer to. I rang them and the only information they gave me was the court decision to wind up BM.. Case 182CR-2017-001579. Should I get any money back I will let all know, (but I really do not really believe I will)
#28
By the way Cysec is"Cyprus Securities and Exchange Commission (CySEC)" "CySEC is by far the largest government regulatory agency when it comes to this area of financial markets. Although there are currently over two hundred brokers, the CySEC only gave licenses to about ten binary option brokers. All EU member states recognize the CySEC license of financial investment companies. The reason traders mostly choose to use a CySEC regulated broker is because of the complaint form (click to view). When a trader has a withdrawal problem at an unlicensed or unregulated broker, who is the trader going to turn too? The sad truth is no one! The trader is basically screwed out of their money"
#29
Meerkat52
So is there any chance of anyone getting anything back from BM?
I have recently been contacted by a Mark Kerns from 'Central Reservation Services' who said they are trying (successfully?) to get funds back for BM clients from the Binary Options platform run by Cysec (based in Cyprus) which was used by Bull Markets. If I was to pay them a Capital Exchange Fee of ~10% of my fund value they would be able to  return my fund in full and also refund the fee. He said the word 'guaranteed' !??
Has anyone else had this or been successful? Should I trust him? Another scam?
I would not trust anyone of these companies who come out of the woodwork and ask for money upfront. If they are so confident in getting your money back, why cant they pay this amount themselves and deduct the 10% or other charges before the refund is made to you. Think this is another company trying it's luck. Scam written over it. Now that BM are being wound up, will need to wait until they make contact. Do you know who the Administrators are?
#30
Talbot Asset Management were supposedly getting money back from Bull Markets, but now when phoned "This number has been disabled" In other words anyone who gave them money for Capital Exchange Fee etc. are "up the creek" with no contact number and only an accommodation address.
#31
Henry33
BM, in my case never kept the records which were on the screen up to date, so you may be told that the amount of money which may be in your account is much greater than indicated on the web page. So you may be asked for quite a bit of money. Then after that, you may find that there are some other fees to be paid involving more money from yourself. There appear to be a few firms offering to get money back, but it is very chancy. Having gone through this process myself with one of these firms, I am waiting to see if I have been had again. I should know in a couple of days. However the salesmen are very persuasive. The Central Registry of Winding-up Petitions located at Rolls Building, London, (at the Courts) is what they refer to. I rang them and the only information they gave me was the court decision to wind up BM.. Case 182CR-2017-001579. Should I get any money back I will let all know, (but I really do not really believe I will)


I was contacted by Mark Kerns from Central Reservations yesterday saying he could retrieve my money back from Base2Trade binary broker. I am very cautious about sending my money to him. I would be very grateful if you could let me know the outcome and if he actually can get your money back.
#32
Meerkat52
So is there any chance of anyone getting anything back from BM?
I have recently been contacted by a Mark Kerns from 'Central Reservation Services' who said they are trying (successfully?) to get funds back for BM clients from the Binary Options platform run by Cysec (based in Cyprus) which was used by Bull Markets. If I was to pay them a Capital Exchange Fee of ~10% of my fund value they would be able to  return my fund in full and also refund the fee. He said the word 'guaranteed' !??
Has anyone else had this or been successful? Should I trust him? Another scam?

I was contacted by Mark Kerns from Central Reservations yesterday saying he could retrieve my money back from Base2Trade binary broker. I am very cautious about sending my money to him. I would be very grateful if you could let me know the outcome and if he actually can get your money back
#33
I was contacted today by another company - 'City Way Out Resolutions'. That makes it the fourth after - Elite Business Solutions, Talbot Asset Management, and Central Reservation Services (whose websites are all now unavailable !).This time the call was from a Matthew Simons who claimed their company was appointed by the courts to help people get their money back from BM. He said there was only £300k of assets left and I would have to act quickly if I wanted to get any of my money back. Of course I would have to pay them a ‘Holding Cancellation Fee’. I sounded very doubtful and when I pressed him for more information about the validity of his company he said a John Richardson (a senior partner) would be contacting me later. It all sound very familiar and fishy to me - His call came from a mobile, the website (www.citywayout.co.uk) looks generic and the stated Company Registration number of 09426323 does not make sense. Beware !
Has anyone else made any progress?
#34
Talbot Asset Management are a clone of a lettings agent that went into liquidation early last year. Their liquidator told me they had ceased all ops at the time. There are a number of Elite BS around most being clones run by ex dealers of BM. The real Elite BS will also do the same for cash up front but they are considered a bit shady anyway. I've had contact by Central Res. but have counted them out I will have to look back to see why. City Way Out - Web site of 3 pages of which the first 2 are virtually copies of each other, stock photos I think from Google. The Co number is actually for a golf club in Wales, they prob made it up and don't know themselves where it leads The IP address for the e-mail shows a private network which can't be tracked (the police might through he ISP). and the e-mail shows a slightly different name from the cancellation note and web page. Best I can do at the mo. I think we may just have to wait for paperwork from the courts as long as they have a proper list of creditors!

Edited By: Mortocorvus on Apr 20, 2017 17:21: to make clearer
#35
Meerkat52 mentioned Dase2Trade. Man returning.from Cyprus was arrested on 24 Feb 2016. "The man is believed to have been the controlling force behind Base2Trade, which is now in liquidation. The company sold fraudulent binary options trading from three offices in the City of London; located on Bishopsgate and New Broad Street and in Tower 42. More than 150 people have reported to Action Fraud losing a total of two million pounds in the investment scheme." Who can you trust????
#36
From Companies House, BASE2TRADE LTD, No 09095017 is to be dissolved on 17th May 2017
#37
FYI I did not mention Base2Trade Ltd. I have had no dealings with them and no knowledge of them.
No progress yet with any of the other scammers who have been contacting me. See my previous posts.
#38
Sorry Meerkat52, it was Charlie05s a week ago mentioned Base2Trade
#39
Meerkat52, The authorised liquidator is Rod Butcher, who should be in contact with you by now. By the way what does FYL mean,
#40
I have made contact with Ashley Millensted of Butcher Woods in Birmingham and will be sending them my details and story. I don't think this will be a quick process and I am not sure if we will be able to get any refunds - but at least someone proper is now investigating the case.
(BTW I thought I typed FYI - For Your Information)

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