Anyone heard of Century21?

Reaper

Royalflush said:

Did anyone else invest in Sesco, Century 21 and subsequently Rothgen? (Tyram Lakes project) I’m looking to find other people who like myself are struggling to to get their investments returned after 3 years. 

I'm afraid as is normal for unregulated mini-bonds it sounds like this one is going belly up. Over on the BondReview site comments say they haven't had any payments this year and one says the company told them "I have now been informed that my investment will not be repaid until such times there are sufficient funds." In other words they are insolvent.

Here's the link: https://bondreview.co.uk/2018/11/20/tyram-lakes-via-rothgen-capital-we-review-their-bonds-paying-8-per-year/

JollyBoys

You need to post you contact details so others can get in touch

JollyBoys

Rothgen keep saying the Trustee will be writing to the bondholders, I assume with details of what assets there are and the value of those assets, trouble is, it doesn't seem to be happening.  The original brochure said there was a 21 yr lease on the land, so this should have 16 or 17 years left on it, so there should be some value to this. 

JollyBoys

eskbanker said:

JollyBoys said:

You need to post you contact details so others can get in touch

Those who invest in these sort of schemes are obviously likely to be more vulnerable than most to crazy suggestions, but anyone failing to laugh heartily while slapping their forehead at that 'advice' really should consult their responsible adult as soon as possible....

It just shows you how sensible people, even experience business men can be drawn in......hindsight is a great thing

Zanderman

JollyBoys said:

eskbanker said:

JollyBoys said:

You need to post you contact details so others can get in touch

Those who invest in these sort of schemes are obviously likely to be more vulnerable than most to crazy suggestions, but anyone failing to laugh heartily while slapping their forehead at that 'advice' really should consult their responsible adult as soon as possible....

It just shows you how sensible people, even experience business men can be drawn in......hindsight is a great thing

And that means what, exactly? Eskbanker was referencing your advice.  

JollyBoys

Oops, misread it !
If they want to get in touch with others in the same situation, how else can they do it?

Reaper

JollyBoys said:

Oops, misread it !
If they want to get in touch with others in the same situation, how else can they do it?

I haven't checked but often Facebook groups get set up by the victims.

It's not a good idea to give contact details out on an online forum like this as other scammers may:
1) Try "Recovery Fraud" saying they can get the money back for a small, upfront fee https://www.fca.org.uk/scamsmart/recovery-room-scams
2) Add them to a "suckers list" to contact them about more "opportunities"

paymee

I invested in Rothgen (Tyram Lakes) . Bad decision.