Darren Cooke Red Circle Financial Planning Bad investment involving grossly overpriced diamonds! Derbyshire Internet
My father (who has Alzheimer's) employed (2015) the services of Darren Cooke and Red Circle to evaluate his financial portfolio. Upon completion he was advised to invest a large part of his retirement fund into diamonds amounting to £119,000
We have recently had them valued by a long establihed and recognised diamond dealer only to find my father bought them at 19 times their actual value ! When approached Darren Cooke insists my father paid a fair and resonable price. When informed thay have been valued at £6,200 his reply was that investments do run a risk of going down as well as up!
This case is now being investigated by the Financial Authority.
1 Updates & Rebuttals
Darren Cooke
Alabama,USA
Fake
#2REBUTTAL Owner of company
Mon, September 12, 2016
This is an entirely false report I have never advised a client to invest in diamonds over priced or otheriwse no would I do so.
There is no outstanding complaint lodged with the FCA, Finanical Ombudsman or FSCS, this can be verified on the FCA register.
Strangely I found this report only after I had recieved an e-mail from a company offering to help monitor and remove negative on-line reviews of my company or me personally.