Oakridge/Big Roar/EWP Group Bond Investments Review - Is it a scam?
Oakridge & Big Roar Property Investments
There is a company called EWP Group that is offering investments in various unregulated high risk bond offers with a slick presenter telling potential investors about the safety of the investments. It needs to be highlighted that ANY unregulated investment has NO FSCS protection and is therefore very high risk. Any investors should be using their regulated investment options before even looking at these sort of unregulated high risk options. The companies being promoted by EWP Group appear to be Oakridge and Big Roar property bond investments.
EWP Group don't seem to be overly successful themselves as it appears from their accounts that they're making continual losses and are currently over £2 million in losses sitting in their balance sheet. They've also used an accounting trick to change the date of their accounts which allows them to delay publishing their details. This is an entirely legal option but is one that has been used repeatedly by scam investment companies to avoid any scrutiny of their finances.
If any investment company is telling you that an unregulated investment is safe or anything other than high risk then they are best avoided. Unregulated investments are NEVER safe or low risk.
EWP Group is promoting these companies and as an introducer will be getting a fee or commission for that which isn't disclosed. With failed investment companies like LCF or Blackmore Bonds the commission was as much as 25% of the initial investment from the customer. As these products are unregulated there is no requirement for the company to tell you how much of your money is given as commission.
These sorts of property investments are often claimed to be asset backed. In reality this means nothing as the assets may not exist or may not have any value. Blackmore Bond claimed to have multiple property investments worth tens of millions of pounds but when they went bust it was found that none of the investment sites had any value as they had other loans against them or had no development in place.
Finally these sorts of investments are ONLY meant to be sold to experienced investors. The sign up contact forms make absolutely no mention of this and have no qualifying questions to ascertain suitability which does raise some very big red flags about the company and their trustworthiness.
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