By Tom Winnifrith, The Sheriff of AIM | Saturday 3 October 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
So, rather few of you guessed in our reader poll of last night. It is the snake oil salesman and all round charlatan Darren Winters who has send me a bully boy lawyer’s letter. Why he has sent it and what follows will truly shock you. The letter is marked “Not for Publication” but…
HERE it is in full
I accused stock market training specialist Darren Winters back in April of being a snake oil salesman, a charlatan and explained how he systematically fleeced investors with high pressure sales techniques. I showed why what he taught was something you can get for free off the Internet. Part of what I wrote was supplied by someone from the inside who had worked for Winters.
Winters did nothing. He is used to being exposed as a charlatan. He just carries on fleecing folks none the less. He has been doing this since 2004 despite claiming to have made £12 million from his own trading. Yeah right.
But then two weeks ago I was contacted by a pleasant young man from the grim North who wrote:
I have recently been fleeced by Darren winters, I paid £126 for a two day seminar. They then have charged me £1000 for an apprenticeship programme and plus want another £10640 or they will take me to court. I have told them I wanted to cancel on the day as I had not signed the contract initially they agreed and said they would refund me. However since there as being no refund and also they are saying there is no cooling off period, they have also threatened me with court action if I don't pay. Can you help, I need to get out of this mess its causing me a great deal of stress
Naturally I offered to help. What actually happened to this poor fellow is that he went to a Winters’ seminar (costing £126). Winters went on stage and in the first break a salesman approached Mr xxx and asked if he wanted to join the Winters apprentice programme for £11,640 ( normal cost £35,000) and warning him that there was just 2 of 17 places left.
Mr xxx said he was not sure but the salesman asked if he could fill in his name and address (nothing else) on the form so that they could contact him later. Mr xxx did just that. After the next break Mrs xxx came back to her seat and said “I signed the form and gave my bank details like you said to do.” What? Said Mr xxx.
Mrs xxx said that on coming out of the toilets the salesman had bumped into her and said that Mr xxx wanted to sign up while there were still places left but could not fund his bank details so needed Mrs xxx to fill it in. Being a loving wife she did just that.
Mr xxx protested at once to the commission hungry salesman and was assured that he would not be charged the £1000 deposit and £10,640 course fee and this was a misunderstanding. Of course he was charged the £1,000 and is now threatened by Winters’ company with Court action if he does not pay the £10,640.
And so I told Mr xxx to write back saying that he wanted his £1000 back and would not pay the other cash and is happy to go to court where Tom Winnifrith will appear as an expert witness.
Aha… so now Winters is only now threatening me. You see why he has waited almost six months to get around to this. He wants me to remove my articles and to agree not to write on this matter again. If I do that I am discredited as an expert witness and no doubt Mr xxx will be told that I have folded so – Winters hopes – he too will fold.
Darren & Hamlins LLP you underestimate me and Mr xxx who is a plucky fellow. The latter will take you to a small claims court in the grim North to get his cash back if he does not get his money back within two weeks. I have arranged with my Doctor to get the necessary jabs. My passport is in order. And Brokerman Dan has promised that he can arrange “armed security” if I visit the welfare safaris of Lancashire and so I shall be in Court with Mr xxx as his expert witness.
As for the threat by Mr Winters to injunct me or serve libel proceedings against me I note that:
a) I can verify every fact and assertion contained in the articles
b) In any injunction proceedings I shall explain to the judge he timing and the circumstances of Mr Winters threats who will at that point LOL.
c) I have someone who worked inside Winters’ company who will explain to the Court every aspect of his sales process
d) Mr xxx is not the only Winters’ victim who will be called to testify
e) Everyone on Fleet Street has had a pop at Winters’ at some time over the past 15 years. I shall call a number of respected colleagues to appear with their notes.
f) I will win any case and it will be reported widely.
On that basis I shall be replying on Monday and you can expect once again to see the phrase “See you in Court bitchez”
Bring it on Hamlins LLP. Bring it on Darren baby. I cannot wait for this fight to begin.
If you have been fleeced by snake oil salesman Darren Winters please contact me at email@example.com as Id love you to be able to tell your story to a wider audience.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |