One of the four clients involved in the initial contracts received a letter from Gil on Citi letterhead indicating that paperwork was forthcoming on a Portland Cement deal. When I contacted the phone numbers on the paperwork that we received, I got overwhelming confirmation that we are probably not going to see our money EVER. The phone number to the Sr. Hedge Fund Manager is not correct. So, I contacted the banker at Westpac in New Zealand. The banker there confirmed for me that Paul Douglas and RC Marketing had opened accounts over two years ago with Westpac, but had not done any deals and had not deposited any funds. He said that the bank is "not happy with them" and that they had received "dribs and drabs" of paperwork via SWIFT, much of which had been forwarded to the bank's fraud investigation unit due to the unrealistic nature of it all. This banker had no faith in RC Marketing ever getting a deal done, much less us getting our money back.
Gil Freire continues to send emails to the clients indicating that they will be funded "this week". Week after week, the same emails that all is going well and we will be funded this week. This week never seems to come.
I have also attempted to contact several of the business contacts that I know RC Marketing has to make them aware of the situation. However, I do not get a response from any of them. So, I don't know if they are involved in the bigger scheme or if they are just in denial as to the facts of what is really going on. These gentleman have scammed at least $200K out of people that I know about and I have no idea if there are others around the world as well. They have not performed on any of their promises or contractual obligations in the 14 months that we have been working with them and now are sending documents that are clearly not legitimate out as "proof" that they are really working deals.
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I recently got a trade enquiry. The requirement was for 2850000 MT of portland cement spread over a year. The quantity was serviceable and the market situation was right for this kind of requirement.
I pulled in the services of my partner and other business associates and procured a seller of very high repute. The buyer had requested for a MT 760 SWIFT which is supposed to be verified by Westpac Bank in New Zealand. This was awkward for us to handle since normally this type of MT is issued by a buyer to authenticate his capability to honour payments, nevertheless, since I have a credible seller this was arranged.
Now, upon getting further details and having done the necessary soft probe, it turns out that R C Marketing and their associates maybe into fraudulent activities. This will seriously impact my contacts and credibility in the market.
Being in the kind of business that I am in - sourcing / trading - this will leave a serious dent in my profile.
I am interested in knowing more about this company and their links in the UK if any.
Hi Manoj
I would like to talk to you about this as I have also come across this company with regard to cement trading. Please get in touch at the following email address and we can discuss: j05082009@yahoo.es
Thanks
Manoj
I am currently engaged in a business tranaction with RC Marketing out of Nes Zealand. If you know of anyone else that had any business with them. Please let me know.
AL
I just wonder how could you check RCM's banking account without the Soft Probe Authorization? In this case, RCM was the Seller, absolutely they did n't have to provide you a permision to conduct the Soft Probe.
I came across this site and wanted to know more about this company and
Gilbert Freire!
if you can provide me with more information i maybe able to help on any
investigation!
thank you.
iwantthisasecret@gmail.com
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