EXCLUSIVE: Holborn Assets opens new office in South Africa. Oh, how wonderful for them! However, not so wonderful for the new victims Holborn will obviously be trying to scam into losing large percentages of their pension funds.
None of the existing victims have received compensation yet for their crippling losses due to expensive insurance bonds, high-risk, professional-investor-only structured notes, and even higher-risk UCIS funds such as New Earth Recycling. And yet Holborn Assets appear to have plenty of spare cash to open a new office in Johannesburg. This new venture will be led by Lourens Reichert and will apparently employ an eight-strong team of advisers. Seems Holborn Assets is now set to exploit this new market and will, of course, have no trouble finding plenty of new victims and relieving them of their pension savings.
Bob Parker, Holborn Assets’ CEO and founder, said: “South Africa is full of potential. There’s an enormous amount of capital held by residents outside of the country and Lourens and his team are experts in advising clients on how to manage that for maximum growth and efficiency.”
You can almost hear Bob Parker smacking his lips and rubbing his hands with glee as he is already counting the enormous amount of money he is going to make out of scamming more victims.
If you are new to Holborn Assets here is a bit of background information on them. The outfit is based in various locations including Dubai, Saudi and Kuala Lumpur, as well as the UK and run by various Parkers: Simon, Bob, James etc. They have used mass cold-calling techniques to lure in victims and place their pension funds into high-risk, toxic investments – that pay maximum commissions.
Holborn Assets’ past victims have seen heavy losses to their pensions due to negligent, unregulated, unqualified advice into entirely inappropriate, high-risk, illiquid assets. This includes one victim’s $600k life savings – half of which were invested in New Earth Recycling (which, of course, was paying the best investment introduction commissions at the time).
Not only is Holborn Assets in the habit of destroying pension funds, the firm also has no shame in who they stick on their payroll. Take Paul Reynolds, who was banned by the FCA and fined nearly £300,000 for giving unsuitable and misleading financial advice, yet Bob Parker of Holborn Assets Dubai welcomed him with open arms. Holborn Assets also employed Darin Brownlee-Jones: the “Champagne Killer“. A drunk hit-and-run driver who killed an innocent man then walked away to drink champagne.
Bob Parker is clearly a man whose conscience bothers him not one bit after failing to compensate victims. He has the astonishing audacity to have his own page on his website to warn people about scammers!
And now Holborn Assets has employed Lourens Reichert, to be the face of Holborn Assets Johannesburg. Reichert has reportedly said “Holborn has a great reputation for its integrity, professionalism and for supporting its staff and investing in them and the business. It is also going in a really exciting direction and it’s great to join the company when it is on such a growth track.”
He obviously hasn’t done much research on the company he now works for and represents. Or did the whopping “golden handshake” he received from Bob Parker make him turn a blind eye to the grubby goings on inside Holborn Assets?
Reichert has apparently stated:
“Coming to Holborn gives my team and I the opportunity to grow the business even further. The first priority will be within South Africa and then we will explore the many opportunities that exist for providing specialist advice across the African continent.”
But Reichert has said nothing of repairing the damage done to so many victims and Holborn Assets’ failure to compensate them. Is Reichert really so blind? Or is he just greedy, selfish and heartless – willing to go on and do to more victims what Holborn Assets has already done to so many?
All that’s left to say then is “Look out South Africa!” If any South African residents get cold called by Reichert and his merry men, just tell them to hop it.
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As always, Pension Life would like to remind you that if you are planning to transfer any pension funds, make sure that you are transferring into a legitimate scheme. To find out how to avoid being scammed, please see our blog:
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