Wellington Capital Group is a scam organisation operating a share fraud. The company claims to offer “comprehensive wealth management for clients seeking exceptional service and returns”. The reality is different. The company steals the money and claims to have bought shares for investors.
Wellington Capital Group (“WCG”) falsifies the share purchase. No shares are ever bought and no share certificates are ever issued. In most cases investors are given only the most basic details of the fake shares so that they cannot make their own enquiries.
WCG purports to operate from premises in Tokyo in Japan and Seoul in South Korea. Visitors to the office premises in both cities will find that they are home to thousands of companies just using the address to give an appearance of being located in major business centres. The truth is that WCG is not there.
The WCG website states: “Risk Management is a cornerstone of Wellington Capital Group and has been since our inception. Our company is employee owned and managed, and everyone has a vested interest in protecting our firm, our reputation, and most importantly, our clients. The foundation of effective risk management is having formal internal controls. We have a dedicated Risk Management Committee that regularly reviews individual portfolio construction, trading patterns, internal compliance and information technology and security. The head of the Risk Management Committee reports weekly to Senior Management and we have systems in place to attend to any issues and concerns that arise from both the Committee and any and all members of our staff. relationships and protecting our clients’ assets and privacy with thorough risk management and security.”
Wow – that sounds really professional. Let’s break those statements down. “Risk Management is a cornerstone of Wellington Capital Group and has been since our inception…….”. So when was their inception ? Well, it’s quite difficult to say because nowhere on their website or on any of their letters, emails or bank information does it actually give any details of the company.
It is a legal requirement for a company to give details of its incorporation status, but with WCG all you get is ‘Wellington Capital Group’. They never say whether they are ‘Ltd’ or ‘Inc’ or ‘LLC’. Perhaps that should be the first piece of information an investor should ask i.e “What is your legal status ? Please provide a copy of your incorporation documents.” We researched the global database of companies called Wellington Capital Group and couldn’t find any located in Japan or South Korea.
A clue to their true inception date can be found via their website. Their website domain name was purchased on 25th April 2017. It was purchased anonymously and whoever bought it paid for privacy settings so that nobody can find out who actually owns and operates the website. However, the date of registration cannot be hidden so it would appear that the people perpetrating this fraud started it around two years ago.
As is usual with scam companies they often publish fake testimonials to make it look like they have been established for a long time and have happy customers. WCG is no exception. They have a fake testimonial from someone they call Jacques. Jacques says “We’ve been working with Wellington Capital Group for almost ten years now and are confident to recommend them.” Clearly that is a lie.
WCG makes the statement: “We have a dedicated Risk Management Committee that regularly reviews individual portfolio construction, trading patterns, internal compliance and information technology and security. The head of the Risk Management Committee reports weekly to Senior Management and we have systems in place to attend to any issues and concerns that arise……”
If WCG was really a company large enough to have a Risk Management Committee and Senior Management it would have the names of the key directors and officers on the website. WCG provides no information at all on who they are. However, on the ‘Our Clients’ page they have an image of a trustworthy and professional looking man. He is alongside text explaining how important their clients are to the company. Investors are encouraged to believe that this is a photograph of the CEO of the company. They would be wrong.
This is a stock photograph available from media websites free of charge. This man’s photograph can be found on a number of websites. He is the face of a man called Thomson at the Gold and ARE Review website http://goldpandareview.com/gold-ira-rules/
He can also apparently fix your car if it breaks down because he is ‘John T’ of ET’s Auto Service https://www.yelp.com/biz/ets-auto-service-berea and, if you are looking for news on prostrate cancer you will find him in a more relaxed mode at http://oncologynews.com.au/prostate-cancer-patients-more-likely-to-die-of-other-diseases-say-15-year-plco-results/
The main salespeople at Wellington Capital Group all have English as their main language and speak with clear English accents. They are using false names.
DO NOT BE FOOLED BY WELLINGTON CAPITAL GROUP – THEY ARE A SCAM COMPANY AND THEY WILL STEAL YOUR MONEY
We will provide further updates over the coming months so please keep coming back to this website and also visit the Blog Page of the main Safe Or Scam website – see HERE.
If you have any information on Wellington Capital Group please contact us via the Contact Page on our main website. We would like to hear from you. You can go to the Contact Page by clicking HERE.