Monday, 25 June 2018

Adhum Carter Wolde Lule Trying to Hide a Murky Past

This blog has upset Adhum Carter Wolde Lule.

Despite his courtly demeanour and gentlemanly manners, Adhum Carter Wolde Lule is not happy.

In early 2017, this blog published information about Adhum's apparent connection to an investment scam. In addition, we also published documents publicly available on Companies House that show Mr Carter Wolde Lule appears to have set up a company under a false aristocratic title.

Currently working for Imperial Corporate Capital, Adhum is desperate to remove the damaging information highlighted by our posts - and has already gone to some length to get our posts taken down.

Legal Threats
Last year Adhum used legal threats to attempt to pressure this blog into removing content. Despite the threats, no legal action was forthcoming (as it was obvious there was no case to answer, as the published content was true).

The first letter we received from Adhum's Solicitors, Rustem Guardian, notified us that "substantial damages" would be sought from the owners of this blog. The letter stated that our victim had entered into a business relationship with Toby Cracknell that had "nothing to do" with Adhum Carter, and that we should remove all reference to their client immediately.

Further letters threatening legal action were received from Rustem Guardian over a period of several weeks. It was repeatedly stated that Adhum Carter was "not party" to any business dealings between our victim and Toby Cracknell.

The excerpt below is from their final letter, received on 24th April last year.  Note the intimidatory tone of the letter, and the unprofessional accusation from the solicitor that we were lying ("another lie on your part"). 

A Change of Tune?

In June 2018, after a year of silence (and no legal action!), the victim unexpectedly received an offer of settlement from Rustem Guardian on behalf of Adhum Carter. The settlement offers the return of half the money the victim lost, in return for this blog removing all mention of Adhum Carter. Interestingly, this new letter states an entirely contradictory position to that expressed the previous year.

Whilst the original claim from Rustem Guardian was that Adhum Carter had nothing to do with any deal between the victim and Toby Cracknell, the very first paragraph of the new letter opens with the following line:

"We are instructed that you loaned the sum of £10,000 to Mr Toby Cracknell. Some £8,000 of that sum was subsequently invested legitimately by our client on the instruction of Mr Cracknell. The investment was speculative and unfortunately did not generate a return."

For several weeks, this blog was sent threatening letters stating that Adhum Carter had nothing to do with the victim's investment deal, But now, the very same solicitors concede unambiguously that the victim's money was given to Adhum Carter by Toby Cracknell for the purpose of investment.

All these letters were signed by Rustem Guardian.

If Rustem Guardian have lied deliberately, this is a very serious matter - and we will be investigating what action can be taken in the next few days. If solicitors deliberately lie they can be struck off by the regulatory body. If, on the other hand, the solicitors claim that they were misled by their client - this again casts Adhum Carter Wolde Lule in a very poor light.

It seems clear that to some degree Adhum Carter Wolde Lule has been dishonest: Last year Carter Wolde Lule emailed this blog, stating that he took no money from Toby Cracknell, and would not have been licensed to do so anyway!! How can this denial possibly square with the position expressed in the offer of settlement?

On request, we will happily share with solicitors our full record of correspondence with Adhum Carter.

The revelation in the admission that Adhum did after all take money from the scam artist Toby Cracknell tallies with other information highlighted by this blog, tying Carter Wolde Lule to Cracknell's activities and his scam company Hillington Capital.

Carter Wolde Lule's company, Pocket Life, even had their logo prominently displayed on the Hillington Capital website on the"Partners" page. Thus, it is difficult to believe any claim that there is no connection between Adhum Carter Wolde Lule, Toby Cracknell, and the victims of the Hillington Capital scam.

Above, you can see how Adhum Carter served as a director of Hillington Capital.

Reputational Management
Additionally, Adhum Carter is using an online reputation management consultant to try to knock our content down the google rankings. Possibly unable to find a company in the UK that was willing to help (most UK reputation management companies will not engage with clients who wish to remove evidence of fraudulent or criminal activities), Carter has, it seems, had to go all the way to India to seek the assistance of  Delhi-based "Kairos Marcom".

Kairos Marcom have helped Adhum publish two rival blogs - and - with the likely intention of drawing google search results away from this site. The Blogspot site features (surprise surprise) glowing content about Adhum Carter, and the wordpress site features a journalistic article on finance written by Adhum Carter.

In addition, Kairos Marcom recently issued the "Man with the Midas Touch" press release - which also (surprise surprise) lauds the virtues of Mr Carter Wolde Lule. The press release features some hilarious lines, including:

"With his courtly demeanour and gentlemanly manners along with a flair for problem solving, [Adhum] been regarded by his peers and associates as an invaluable asset"

I think it is fair to say that all measures taken by the increasingly desperate Mr Carter Wolde Lule have backfired.

Sunday, 24 September 2017

DCT Elijah Oyefeso sentenced to 2.5 years in Jail

We are delighted to report that Elijah Oyefeso has been sentenced to two-and-a-half years in jail. This will hopefully be some consolation for his hundreds of victims - even though he has been put away for running over one of his creditors, rather than the bullshit circus of DCT.

The key point that should be taken away from the trial is that Oyefeso was exposed as a liar and a charlatan. Judge Parker, sentencing, said of our fat fraudster friend “You portrayed yourself as a very successful trader within the financial market. Clearly this is not the case.”


The full story has been published by both the Daily Echo and the Daily Mail. It should not be forgotten, however, that both of these papers help feed the the myth of Oyefeso by printing stories about his life as a successful "stock broker" only last year. Being kind, it's possible to imagine that the journalists responsible - Felix Morris and Phoebe Jackson-Edwards -  are simply cretins, too stupid to notice any of the story's multiple warning signs.

However, I think it's also possible that Morris and Jackson-Edwards actually knew full well what Oyefeso was up to, but the they decided that lapping up and regurgitating his dribble was a much easier option that employing any journalistic nous, and exposing Oyefeso for what he truly is.

Either way, these reporters are the cheapest, gutter-grade hacks - an utter embarrassment to themselves and their papers.

The whole point of a local paper is to educate and inform the community - to keep them safe. Instead the Daily Echo contributed to Oyefeso's rise, and gave this utter scum bag the boon of free advertising that no doubt directly contributed to more people enrolling with DCT and losing their money. It also set back the work of many people who had worked so hard to raise awareness of the tricks and deception of DCT, and other fraudulent outfits like it.

Lets hope we have now seen the last tabloid story featuring unemployable high school dropout "traders" who have conjured fortunes out their arses. Sadly, I doubt it.

Well done Mail Online, well done Evening Standard. Beacons of fine journalism, both.

And don't even get me started on that prick Michael Ogden:

Monday, 14 August 2017

Leigh Rose - Footballer and Binary Options Scammer

Who is Leigh Rose
Leigh Rose is a non-league footballer who has played for Hertford Town and now plies his trade at Hoddesdon Town. See his player profile here. Having a taste for the high-life, but lacking the advantage of a Ronaldo-esque wage packet, Leigh Rose decided to supplement his income by becoing a Binary Options scammer. The company Leigh worked for was called Imperial Options. The company is run by Adrian Charalambous - you can read our article on Adrian and the scam here.

It transpired that maintaining such a lifestyle required more cash than Hoddesdon Town were willing to pay Mr Rose for his services as a centre forward.

Yes dear victims - this is how your life savings were spent.

The friend in the bottom right "Antrianos Mole" is actually Adrian Charalambous - the boss of Imperial Options. Mr Charalambous has changed his name in a futile attempt to avoid scrutiny. Sadly for him we downloaded everything from his social media profiles that we needed before we posted our article about the Imperial Options scam.

What is Leigh Rose accused of doing?
Until recently Leigh worked as an Imperial Options "broker". His job was to phone up vulnerable victims and convince them it was a good idea to invest their life savings in Binary Options. Leigh knew that as soon as a client deposited money into an Imperial Options account, they would likely not be getting any of it back! Such work requires the broker to behave like a real bastard, without a shred of empathy or decency - to get his own financial reward, Leigh had to to ruthlessly exploit as many victims as he could. Apparently, he was rather good at it.

What is Binary Options
Binary Options is a form of gambling, dressed up as an investment by quick talking salesmen like Leigh. It involves making - or having a computer make on your behalf - short-term bets on the markets. Up or down - you make your bet, and if you win you receive your money back, with around an 80% profit; if you lose, you lose everything. It is usually pushed aggressively on potential clients who are cold called, or who are attracted by online advertising.

There are several problems:

Firstly, such short term bets are a matter of luck - despite what the brokers tell the clients! Secondly, you get better odds betting red on a roulette table! Thirdly, the industry is rotten to the core, riddled with scam operators  such as Imperial Options who do not operate fairly. A favourite trick, and one employed by Imperial Options, is to award new clients a "bonus". The problem for the clients is that they lose the right to make any withdrawal until they have gambled their entire balance 32 times! Withdrawing any money, even for an account without a bonus attached, can also be fraught with difficulty - with the operator making excuse after excuse about why a withdrawal is not possible. The worst operators will simply lie to their clients that their money is being traded for them by a fancy algorithm or a "star trader", whilst in reality the cash is stolen directly from the accounts.

You can read more about the Binary Options industry here. Thankfully, regulatory authorities are now waking up to the deeply unethical practices employed by Binary Options platforms such as Imperial Options, and now many such companies are being forced to shut down.

Who are the victims?
Imperial Options ripped off literally thousands of clients across the world. We are currently featuring the story of Swedish pensioner, Lars, who lost his life savings of 10,000 pounds to Imperial Options - but we are in contact with other victims who have lost equally large sums of money. You can read about Lars' story here.

Victims of companies such as Imperial Options are often rinsed of their entire savings, leaving them bankrupt and desperate. A recent suicide of a father of four highlighted the growing menace of fraudsters pushing binary options on to vulnerable victims. But of course, Binary Options brokers such as Leigh Rose don't give a shit about the misery they leave in their wake, as long as the money keeps rolling in to their own accounts and they can post their flash selfies on social media.

What do ex-colleagues of Leigh Rose say about Imperial Options?
We have spoken to a number of ex-employees who held lower level positions than Leigh at Imperial Options, and they all agree that everyone who worked at the company for more than a week became clearly aware that their job was to trick their clients out of their savings. Leigh would have had full knowledge of what he was doing - but no doubt he had canary-coloured jet skis on his mind.

Some of those who worked with Leigh in the unmarked office behind Liverpool Street Station in London have allowed us to publish their testimonies online.

You can read part of an interview with an ex employee here. 

Another ex employee stated the following:

"Everyone should realize after a few weeks [that the company is a scam], when we start to get some clients. When I was about to have my first, I asked how we were going to trade the account, then I found out. As a result I didn’t make the client come to the company and left straight away."

A more disturbing allegation followed:

"I was not there long enough I think, but from what I saw they steal money from people as soon as it is in their account indeed. It is then shared between the trader and the company. They keep telling the client it makes money so they need to put more, and generally the client do it. No clients ever found the company because they don’t want them to find it, you know the reason why (hence no address)."

This witness has made a full report to us and we will be happy to share it with the police if required.

What to do if you have been a victim of Imperial Options?

Please get in touch with us at

If ex-employee Raluca is reading this, please get in touch.

How can I get in touch with Leigh Rose?

Leigh has a wide, chest-bearing presence on social media. See below.

Twitter: @leighrose_

Instagram: @leigh.rose

(Dump him, love, he's a wrong'un)

Sunday, 13 August 2017

Astro FX Scam - Shaun Lee and Aman Natt

This video on FX-weasel Shaun Lee and his mate, Aman Natt is worth a watch. What we already know, brought together in one handy package.