Next Consulting Ltd offer Managed Accounts, until now having a 4-star rating, on 10 reviews.
I deposited two amounts totalling £75,000 with them[nearly $150,000], in October 2007 and February 2008, on the agreement that the capital would be 100% protected, and the return would be 10% per month. 10 days notice of withdrawal was required.
I received monthly statements of the account for November, December and January, but none since.
I asked for monthly payments of £2,500 [say $5,000] from March onwards. I received numerous promises and extended deadlines, but no money. On two occasions I was told that wiring instructions for transfer of the money I had asked for, had been given to the company's bank, and on one of these occasions that the bank had acknowledged the instructions in writing. These turned out to be lies.
On April 21 2008 I instructed Next Consulting Ltd, to transfer to my bank account, in addition to the sums of £2,500 mentioned above, a sum amounting to £60,000 [nearly $120,000]. They told me the same day that a withdrawal form would need to be signed and returned by me, and that they would send me the necessary form that day. The form was never sent, and the money was not transferred.
The company's website is now down, and e-mails addressed to them are returned undelivered.
I deposited two amounts totalling £75,000 with them[nearly $150,000], in October 2007 and February 2008, on the agreement that the capital would be 100% protected, and the return would be 10% per month. 10 days notice of withdrawal was required.
I received monthly statements of the account for November, December and January, but none since.
I asked for monthly payments of £2,500 [say $5,000] from March onwards. I received numerous promises and extended deadlines, but no money. On two occasions I was told that wiring instructions for transfer of the money I had asked for, had been given to the company's bank, and on one of these occasions that the bank had acknowledged the instructions in writing. These turned out to be lies.
On April 21 2008 I instructed Next Consulting Ltd, to transfer to my bank account, in addition to the sums of £2,500 mentioned above, a sum amounting to £60,000 [nearly $120,000]. They told me the same day that a withdrawal form would need to be signed and returned by me, and that they would send me the necessary form that day. The form was never sent, and the money was not transferred.
The company's website is now down, and e-mails addressed to them are returned undelivered.
