tag:blogger.com,1999:blog-1567042805993048802.post3414172374551564447..comments2023-11-08T06:40:36.804+00:00Comments on investdrinks (blog): En primeur sales now exempt from right of cancellation Jim's Loirehttp://www.blogger.com/profile/06696024920441263899noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1567042805993048802.post-62868794725266349782014-07-01T22:39:15.870+01:002014-07-01T22:39:15.870+01:00Jim,
As per the previous poster. I to am in the tr...Jim,<br />As per the previous poster. I to am in the trade. I have had calls in the last couple of days from Clients that have also been approached by SJB Trading Limited. They have somehow managed to get contact details of these Clients illegally,and are offering to buy Clients wines at at least 30% over the current market prices. They must transfer their wines to SJB's storage account. <br />It's very likely these Client's will not see their wine again, let alone receive the proceeds from their wines. <br />Investor's should avoid SJB Trading!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-81945665898683412722014-07-01T15:51:36.026+01:002014-07-01T15:51:36.026+01:00Hi Jim,
I too work in the trade and am choosing t...Hi Jim,<br /><br />I too work in the trade and am choosing to remain anonymous as I hardly want to be on the receiving end from a company who sound like complete crooks based on what I've been told. <br /><br />Similarly to the other anonymous poster above, one of my clients has been approached by SJB Trading Wines Ltd. How they were aware of my client's portfolio holdings is unknown, they may have provided some details or SJB may have been aware from other sources. What my client has shown me is quite frankly alarming and outrageous. They have used a FAKE 'insurance underwriting' firm to 'value' the wines, sending the valuation as a forward under their own email address. The insurance firm is called 'Direct Investment Insurance' and claim to be "The World's Largest Investment Underwriters". The email sign off has contact information including an address - One Canada Square (of course) - and a phone number which is disconnected. Their website link does work and takes you straight through to a very poorly designed site with spelling and grammatical errors, as well as phony information on the company's ownership and credentials. Canary Wharf Group (who own One Canada Square) have denied any knowledge of either Direct Investment Insurance being present and even the receptionist for the Regus and Abbey virtual office floors claims to never heard of the company before! <br /><br />There is zero trace of the company in the Companies House records or the FCA registration.<br /><br />The email from the so-called insurance company states: "This appraisal is made on the bases that the condition of the above fine wine meets the purchase requirements of the Liv | Ex fine wine exchange."<br /><br />This is rich, as The London International Vintners Exchange (Liv-ex) is completely unaware of Direct Investment Insurance and had only the day before been made aware of the name SJB Trading Wines, when a fellow member contacted them to make a complaint about making false valuations using the Liv-ex name!<br /><br />The client in question has a portfolio of wines valued around £18-19k, with SJB offering a 'cash payment' of £32k following delivery of the wines to their LCB account. LCB you say? The Director of London City Bond claims there is no such company holding an account, at any of their sites, and that there never has been!!!!<br /><br />This is blatantly another scam, similar to that of Mayfair Worldwide Trading earlier this year. My client was very close to taking them up on their "very attractive offer", fortunately his brain reminded him when something sounds to good to be true...........<br /><br />Please publish something on these scam artists before they fleece anybody. If you'd like me to forward the offending emails to you, please reply with the best email for you below and I'll do so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-92007443546862380382014-06-30T18:02:30.402+01:002014-06-30T18:02:30.402+01:00Jim,
I am in the trade. Forgive the anonymity, bu...Jim,<br /><br />I am in the trade. Forgive the anonymity, but i am concerned about tit-for-tat posts.<br /><br />A company called SJB Trading has been approaching a number of my clients making impossibly over the top bids for their wine. <br /><br />They somehow know which wines my clients hold, and the approach is made by a cold call followed up by a relentless hard sell.<br /><br />To put this into context, the latest client was offered £50,000 for a portfolio which in reality has a replacement value of little more that £20,000, and for which I would likely offer about £16 or £17,000.<br /><br />It seems pretty clear to me that anyone falling for this trap will never see their wine again let alone their money. <br /><br />RgdsAnonymousnoreply@blogger.com