A legal action was started in November 2018 against Access Corporate Ltd, a cash mule company used by the StratXMarkets binary option scam.
Safe Or Scam has been working with clients who paid $500,000 into the bank account of Access Corporate as an investment into StratXMarkets. We helped devise the strategy which has led to Access Corporate Ltd being required to attend a hearing at the High Court in London at the end of February 2019.
The registered office of the company is described on this Companies House link as 36 South Approach, Northwood, HA6 2ET.
Legal papers were served at the registered office which the Process Server described as a large residential house on a golf course. Rightmove estimates the value of the property at more than £1.6m.
The response of the director of Access Corporate Ltd to Stage One of the legal action was to declare that “the company has never had a contract or agreement with the investor”. That response was deemed inadequate. The company was charged by our team with taking in $500,000 of investors’ money to which it was not entitled and being part of a scheme to defraud investors. The director conveniently avoided mentioning the money or the bank account in his response.
Following our client’s rebuttal of the company’s response, Access Corporate Ltd appointed a law firm to defend itself against the claim. Unfortunately it was too late. The solicitor raised a series of objections but was outside of the time allowed under Stage One. The objections were registered two days after the deadline laid down by law. We had already moved onto Stage Two.
The company’s solicitor claimed that although the sole director of the company owned the registered office property where the papers were served, he is rarely there as his main residence is his villa in Spain. That is no defence. A plaintiff is required to serve papers at a company’s registered office and it is irrelevant to the plaintiff if the company director is never there.
At Stage Two the company had another time limit in which to respond to the new legal papers. It did not do so by the deadline.
Access Corporate Ltd will have the opportunity to defend itself in court. We will be demanding an explanation as to the role of Access Corporate Ltd in this investment and evidence of where investors’ money was sent once it was received by Access Corporate Ltd. We are making excellent progress in exposing this scam.
There are at least three other companies which acted as cash mules for StratXMarkets and took in money from our clients. An action has already started against one of those companies. Actions against the others will follow.