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Caribbean Capital Reserve a Total SCAM

Submitted by Due Diligence Thanks for the heads up on the CCB alert about Caribbean Capital Reserve. Thanks also to Hants for encouraging me to dig deeper than just posting the bio for Sir Jimmy from the CCR website. Barbadians are known for having short memories, the recent eruption about lack of transparency in the…

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Submitted by Due Diligence
Bajans must be alert!
Bajans must be alert!

Thanks for the heads up on the CCB alert about Caribbean Capital Reserve. Thanks also to Hants for encouraging me to dig deeper than just posting the bio for Sir Jimmy from the CCR website. Barbadians are known for having short memories, the recent eruption about lack of transparency in the Cahill Waste to Energy project is a good example.

On further reading of  http://www.caribbeancapitalreserve.com (CCR) (click on link at your own risk), and CIBC FirstCaribbean’s website, I found that the CCR site is built around stuff cut and pasted (and edited) from CIBC FCIB’s site.

In BU’s post BLP and DLP Political Germfare on April 3, 2014 at 6:55 PM  David commented – “The Central Bank has likely alerted the authorities. If they have not they would be less than a good regulator.” In case – and this is a strecth – they had not connected the dots between CCR and CIBC FCIB, DD took up the Central Bank on its invitation to provide information on this entity; and advised CBB about the cut and pasted stuff from the CIBC FCIB site.

Also, in case the regulator had not alerted CIBC FCIB, I have alerted CIBC FCIB that CCR has built its website around material cut and pasted from CIBC FCIB’s site. I believe CIBC FCIB will waste no time in taking action to have CCR shut down, and am anxiously waiting to read in the media that CCR has been shut down.

62 responses to “Caribbean Capital Reserve a Total SCAM”

  1. Due Diligence Avatar
    Due Diligence

    pieceuhderockyeahright | April 9, 2014 at 12:31 PM |
    @ Due Diligence

    You said “But; that the profile for Sir Jimmy Richardson was removed shortly after the David (BU) asked the question who is Sir Jimmy?…”

    If the single profile of Sir Jimmy was removed when taken in the context that the entire site was not, then Jimmy Richardson is a real person.

    Examine what was posted about him and that will shed some light on the matter, he may not necessarily be a Sir anythhing but seeking to entice the potential investor

    Ole Man rambling

    Thanks “Ole Man” for suggesting I examine what was said about Sir Jimmy

    Here is the profile of Sir Jimmy Richardson that was included in the Executive Team List at CCR’s website.

    Sir Jimmy Richardson
    One Caribbean Media Limited Attorney-at-Law, Chairman
    Sir Jimmy Richardson – Honorable Senator is a senior Attorney-at-Law, Counselor of the Queen (assigned) and the Peace Justice. Jimmy Richardson is an establisher and Ex – Executive Chairman of the companies of Nation Group (which is considered to be the Holding Company of Nation Publishing co. Ltd. and Starcom Network Inc). Sir Jimmy Richardson has position of Chairman in One Caribbean Media Corporation Limited as well as having private practice in the role of Attorney-at-Law in Corporate Law and International Business.

    Firm engaged in law matters – Yearwood & Boyce from 1972 to 1984 had a partner in Sir Jimmy person. He had been the Disciplinary Committee of the Barbados Bar Association member from 1982 to 1995.

    At present moment, Jimmy Richardson holds various positions: Joint President Commonwealth Parliamentary Association (Barbados Branch); Fellow of the British Institute of Management; Board of Directors of Caribbean Communications Network Ltd. (Trinidad) member; CGI Consumers’ Guarantee Insurance Co. Ltd. member; Hearing Committee of the Securities Exchange of Barbados member; Fortress Mutual Fund Ltd. director; CCR Caribbean Capital Reserve Limited director; Chairman, Government’s Advisory Committee on International Business; Chairman, Caribbean News Agency Ltd.

    Sir Jimmy Richardson has award of Knight of St. Andrew (1996) – which is considered to be the highest honor of Barbados.

    There is no Sir Jimmy, or Jimmy anything.

    The profile was simply a fabrication concocted to deceive, to entice potential investors.

    It is a slightly edited version of the profile for Sir Fred Gollop a Director of CIBC FCIB, cut and pasted from

    http://www.cibcfcib.com/index.php?page=board-of-directors

    As were the profiles of the Directors and Executive Team, which were cut and pasted from profiles of CIBC FCIB Directors at the same link.

    Profile for Director “Mr. Kevin Maughn” is cut and pasted from profile of Rik Parkhill

    Profile for Director Mr. Richard MacKenzie is cut and pasted from profile of Michael Mansoor:

    Profile for “Ms Brigit Wood” is cut and pasted from profile of Christina Kramer

    Ms Jessica Willkinson’s profile is that of Kevin Glass, a Director of CIBC FCIB.

    Another cut and paste is Ms. Kat Davies’ profile in Senior Executives on CCR website – it is actually that of Ella Hoyos at CIBC FCIB.

    The entire website is a fraud

  2. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    No DD, I had already concurred that it was a fraud but, follow the reasoning, why go and change just one entry, it was sort of fishy?

    Why just one why not all of them?

    It is jes how de ole man is tink… follow de reasoning

    Man doing sumting fishy selling false jewellery saying dat it real.

    All de peoples pass and dem find out dat de jewellery false and de owner gone back and tek out a particular piece

    Now a website is a diffrunt ting, to go back jes fuh one piece ent like de jewellery analogy, it jes strange en I still feel dat Jimmy Richardson is a real person who did using de site dats all

    Ole Man Rambling…..

  3. are-we-there-yet? Avatar
    are-we-there-yet?

    PUDRYR
    Another rambling ole man agrees with your logic. I also suspect Jimmy Richardson is real or at least a real alias who might become recognizable with further digging.

  4. Due Diligence Avatar
    Due Diligence

    PUDRYR

    Why go and change just one entry, it was sort of fishy? De hole ting fishy.

    This old man too do not understand why this website is still up.

    CCR also changed its Head Office address on its website from Financial Centre, 19 Pine Rd, Bridgetown, Barbados, West Indies. to 402, Cayan Business Center, TECOM, Sheikh Zayed Road, Dubai; so CBB, FSC and RBPF will have no further interest in investigating CCR (if they had any in the first place)

    AWTY

    DD is done digging

    It is now up to CIBC FCIB, (whose website was raided for the profiles and much of the other content) to have the site shut down

  5. Due Diligence Avatar
    Due Diligence

    Sorry – I could not help myself

    I revisited http://www.caribbeancapitalreserve.com today

    The Branch & Instant Teller Locations page now has a new picture of some Sheik with the caption UAE wins Expo 2020.

    The Executive Team profiles, which had been cut from the CIBC FCIB website, (poorly) edited, and pasted in the CCR website have been removed.

    The profiles of Directors Mr. Kevin Maughn and Mr. Richard MacKenzie are still posted. They were cut and pasted form the profiles of Rik Parkhill and Michael Mansoor in the CIBC FCiB website.

    Some of the product profiles (credit cards, convenience banking, Instant Tellers) cut and pasted from CIBC FCIB website are still posted; and some reference to CIBC FirstCaribbean.

    I think this, from “Why Caribbean Capital Reserve” page, is a nice touch.

    Appeal To Businessmen And Industrial Developers.

    Using our services to protect your money from the merciless taxation of some countries do not forget about the charitable missions especially about disadvantaged children of third world countries:

    http://www.childsdream.org
    http://www.childrenofpeace.org.uk

    The first link is a small charity website in Wisconsin, and the second to a charity in the UK. Did not know that Wisconsin is in a third world country.

    These scammers are really charitable guys.

  6. David Avatar
    David

    @DD and BU family

    If there is no reason others are able to find what this forum does here is one reason. Good work!

    Follow the LINK.

  7. Due Diligence Avatar
    Due Diligence

    David

    Interesting link.

    But as they say “It’s all Greek (I think) to me”

    Could it be that it is GU – Greek Underground.

    The link to this blog in the Greek(?) site suggests that BU is getting around.

  8. Due Diligence Avatar
    Due Diligence

    David

    Just revisited http://www.caribbeancapitalreserve.com/executive_team.html

    The two Director profiles cut and pasted from the CIBC FCIB website are still there

    But, the Executive Team profiles have been changed – the profiles copied from CIBC FCIB have been replaced with profiles apparently copied from the website of Canadian law firm Dentons LLC.

    Seems these scammers do not give up easily.

  9. David Avatar
    David

    Thanks DD, yes the Greeks arw hitting BU. Maybe you should do a Google in the Greek space to see if this scammer is active.

  10. MICHAEL W. LINDLEY Avatar
    MICHAEL W. LINDLEY

    MY FRIEND RICHARD SAYS—-THIS CCR BANK IS REALLY BASED
    ON THE ISLAND OF COMOROS!!!!!
    MORE DD—–BEFORE YOU GET BURNED!!!!
    RUN, RUN, RUN!!!
    STAY SAFE,

    MIKE

  11. David Avatar
    David

    Has there been an official update on this matter? Has the Nation newspaper done a followup story?

  12. Adrian Loveridge Avatar
    Adrian Loveridge

    David, considering the original website showed the BIBA head office address, there seems to be very little people have done. Its amazing that big names like Neal and Massy still appear on the CCR ‘bank’ website. Surely they don’t want to be linked with this ‘entitity’.

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