- Report: #1329589
Complaint Review: Stockpol Limited - London
-
Author Confirmed
Why?
Stockpol Limited
Flat 2, 43 Warwick Gardens London, W14 8 PL United Kingdom
Phone:
+44 (0) 700 604 4917
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Stockpol Limited - Luis Miguel Correia; Bilal Services Limited / Bilal Ramadan International Business Exchange - Bilal Ramadan SBLC Fraud / Gold Transaction Fraud London, Rotterdam, Geneva United Kingdom, Netherlands, Switzerland
Report Attachments
FRAUD ALERT - Luis Miguel Correia, Stockpol Limited, Bilal Ramadan, Bilal Services, Bank Zachodni WBK
SUMMARY - Correia (Portuguese Passport # N438920 in the name of Luis Miguel Farinha Godinho Correia Leităo) and his company Stockpol Limited (with address of Flat 2, 43 Warwick Gardens, London, England W14 8 PL); Bilal (Swiss Passport # F0859952), and his company Bilal Services (with address of ZX Eindhoven 83013 AL, Rotterdam, Netherlands); and Bank Zachodni WBK (Poland and London) have jointly cooperated to perpetrate a fraud and other financial crimes.
On June 13, 2016, my client Eligius entered into a contract with Stockpol, through its signatory Correia, for Stockpol to arrange a Stand-By Letter of Credit (SBLC) for Eligius in the face amount of $10,000,000 from Stockpol's bank, Bank Zachodni WBK. The contract required Eligius to pay the sum of $180,000 to Stockpol. The $180,000 was transferred in full from Eligius' London-based law firm’s attorney trust account at Lloyds Bank to Stockpol's designated account at Bank Zachodni WBK.
The purpose of the acquisition of the beneficial interest in the SBLC by Eligius was to provide a conditional payment guarantee to facilitate a Gold Purchase Contract with Bilal Services, whose signatory is Ramadan Bilal. Bilal recommended that Stockpol and Correia be the provider of the required SBLC and made the introduction to Stockpol, and entered into a facilitator / fiduciary Agreement guaranteeing the issuance of the SBLC.
Repeated written representations were made by Correia on behalf of Stockpol that the SBLC pre-advise would be "urgently SWIFT" via MT 760, and that Stockpol "have today blocked the cash sum of $10,000,000" on July 11, 2016. Thereafter, all of these parties went invisible - not responding to repeated phone calls, written emails, Skype messages and even courier deliveries.
Four separate bank officers of Bank Zachodni WBK were notified via hard copy delivery of these exact events with a large quantity of attachments documenting the entire transaction and transfers. My client believed that a licensed financial institution would want to be made aware that one of its accounts might be involved in a fraud, and that they would launch an investigation into the fraud. Even the bank has failed to respond in any capacity.
Additional investigation and law enforcement participation is on-going.
