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Wednesday, 23 April 2014

Morgan Taylor Ltd: white knight offering over-priced wines


'HELPING YOU REACH YOUR FINANCIAL OBJECTIVES'



I have been contacted by AJ, an unfortunate client of the now bankrupt The London Vines Ltd scam. AJ has been cold called by white knight – Morgan Taylor Ltd. This is a recently created company formed on 21st January 2014. It has two directors: 25-year-old Oguz Aksehir and 26-year-old Muhammed Ali Zorlu and operates from The Chislehurst Business Centre, 1 Bromley Lane, Bromley, Kent BR7 6LH.    

'At Morgan Taylor we work with you to help find the best solutions for your circumstances. We listen closely to your needs and objectives in order to find out exactly what 'you' the client need. We then take the time to find the relevant product to help fulfil that need.'

AJ was contacted by a Stephen Bell and Joseph Salmon (almost certainly not their real names – 'personas' are regularly used by telesales staff working for this type of company). Bell offered to exchange the wines AJ did receive from The London Vines Ltd – like so many AJ didn't receive all of them – with the following selection of Lafite-Rothschild and Mouton-Rothschild. Totalling £64,400 in all.   


Offer from Morgan Taylor Ltd - 'and look forward to a long and fruitful relationship'!! 

A little research on wine-searcher on UK merchants shows that the 2003 Lafite can today be purchased for from £6350 (£10,200 from Morgan Taylor Ltd), the 2008 for £5150 (£8100 MT Ltd), 2010 Lafite for £6450 (£10,050 from MT Ltd) and the 2009 Mouton-Rothschild for from £4900 (£7900 from MT Ltd). Instead of paying Morgan Taylor Ltd £64,400, this five case portfolio could have been bought for £40,550 – a saving of £23850 or 37% less than the total charged by Morgan Taylor Ltd. Fortunately AJ said thanks but no thanks to this Chislehurst-based scam.  

I can certainly see Morgan Taylor Ltd reaching their financial objectives but it is considerably less clear how their putative clients will benefit – . 

Muhammed Ali Zorlu is also the sole director of the intriguingly named Berkshire Hetherington Ltd. I would be most grateful for any information about Berkshire Hetherington Ltd founded on 29th April 2013. It current address is 72 Hammersmith Road, Crown House, London W14 8TH – a well-known accommodation address as was the previous one – 145-157 St John Street, London EC1V 4PW.

Yet another company I wouldn't touch with a barge pole!
 

9 comments:

  1. So Jim can you tell us more info on Barry Gamble as it looks like he has been selling the London Vines BUYING LISTS

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  2. Anon. No I'm afraid I don't have any information on this but clearly client lists have been passed on.

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    1. Sold more likley

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  3. Jim,

    with regards to FCF, Steve appears to have fled to Cyprus, although likely still trading. perhaps Andrew Dunne has a sub-let him a room?!

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  4. I have been dealing with Ali Zorlu, happy to pass on his details.

    They are trying to find new offices at the moment.

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  5. Jim, just this week I 've been contacted by Jim Bell wanting me to invest in a case of Montrose 2010 for £2100. Is this definitely a fraud and if so why are they still able to exist and trade.

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  6. Anon. Thanks. Montrose 2010 is widely available for £2240 a case of 12, so £2100 is way over the top and certainly not an investment. Have you filed a company complaint with the Insolvency Service?

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  7. Steve Bell was trying to sell me 1 case Mouton Rothschild 2009 for £6,350 and 1 case Montrose 2010 for £2,310. thank goodness I found this site.

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    1. From wine-searcher Mouton can be bought from £4600, while Montrose starts from £1460. It looks like the price of Montrose in my comment of 23rd July 2014 is a typo and should have been £1240. On 15.8.2014 a case of Montrose cost from £1275, so the price has risen recently. Doubtless because RP moved his score up from 99 to 100 this summer.

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