Investors in Plantation Asset Management's Palm Oil project in Sierra Leone should ask some searching questions about the role of Renwick Haddow and Marcia Hargous in this project.
Both are linked to The Capital Organisation, Capital Alternatives and Capital Secretarial. All three companies AND Haddow and Hargous are due to appear in court in October 2013 in a case brought by the FCA for operating illegal schemes relating to two projects in Sierra Leone.
The schemes have taken in more than £20 million of investors money and paid commissions to salesmen of between 25% to 50% (this was revealed in court in July 2013). This is not the first time they have attracted the attention of the FCA. Previous businesses have collapsed owing investors millions of pounds.
Who are the directors of Plantation Asset Management ? Who are the shareholders ? Who are the directors of West African Palm Oil (the management company) ? Who are the shareholders ? Who ultimately controls these companies ?
The palm oil project brochure, like the brochures produced by the African Land Ltd rice project and the Reforestation Projects Ltd carbon credit project are full of false claims, inflated market values and misrepresentations. These companies are being prosecuted and, if existing investors have their way, Plantation Asset Management will be next. Ask to visit the company office of Plantation Asset Management and you will find that it is a serviced address. Don't be tricked into meeting them at the Capital Alternatives office.
People at the centre of the hard-sell techniques working for Capital Alternatives are relocating to Dubai out of the reach of the FCA. Watch out for salespeople like [TEXT DELETED BY FORUM TEAM], [TEXT DELETED BY FORUM TEAM] [TEXT DELETED BY FORUM TEAM], (text removed by MSE Forum Team). They all have a history of selling these dodgy projects and have all been paid high commissions. Watch out for Marcia Hargous and Renwick Haddow's involvement too - Hargous collects the money and NEVER provides investors with any information on where their money went. She is an integral part of this fr**d.
Capital Alternatives has its own thread on MSE. Check it out.