Pushy Salesman David Worthington

Foremost currency Group Ive just been emailing these roaches. Basically, what happened is the 'David Worthington' took advantage of the prospective client and asked if she would like them to secure an amount. She said yes please not realising that they would hold her to having said amount of money for transfer. (Lets not forget she hasn't transferred any amount or been advised that this was a binding contract) She then found them to be a lot more expensive than Transferwise, who she decided to use. This is from the email I received this afternoon from David Worthington and Richard Beaumont: "We have purchased the Euros at *****'s execution at 1.3510, costing £17,959.67. As this trade was unsettled we were forced to sell the Euros back to the open market today at a rate of 1.384451 returning £17,515.97, resulting in a market loss of £433.70." So they are claiming that she owes them the £433.70 Just bear this in mind before asking Foremost Currency Group for a quote to transfer money abroad.
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4 comments
#1372064

David Worthington is a thoroughly professional and trustworthy person who I used for large transfers of my own. The above is someone just whinging after the event.

The key is "Do you want me to secure this?" If she has an account with them and answered "yes" that is a clear contract to buy.

That would apply to any broker. Using abusive terms does not impress anyone.

#1038403

I have known David Worthington as a good friend for the last ten years. I know him to be an honest, hardworking and thoroughly decent individual who is not a ‘roach’ and, in my opinion, does not deserve to be maligned by someone who hides their identity whilst naming others on the Internet.

I would ask that anyone reading this ‘review’ considers carefully the motives of the person that wrote it and ask themselves how they would feel if it was their name that had been published in this way.

#1296542
@PissedConsumer1038403

I noticed you havent published your name? I know Dave Worthington to be a helmet.

#1337034
@PissedConsumer1296542

Hi, am checking this company out for a friend.. What do you know that's bad please?

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ID
#703419 Review #703419 is a subjective opinion of poster.
Location
Amsterdam, North Holland

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Resolved: Other Product Review

We want our review of foremost currency expunged we have tried several times to have this done but pissed consumer still are showing it. We are totally happy with foremost currency we continue to use their services and would highly recommend them Janet & Graham Hedditch
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ID
#689332 Review #689332 is a subjective opinion of poster.
Location
Madrid, Madrid

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Other Product Review

After speaking to foremost we were unaware that funds can not be sent same day we now know now it has been fully explained and therefore this complaint has been resolved Jan & Graham Hedditch
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ID
#582158 Review #582158 is a subjective opinion of poster.
Location
Alcobendas, Madrid
Reason of review
Poor customer service

Foremost Currency Group - Funds Transfer Review from Alcobendas, Madrid

Our funds were received by transfer time but not sent on 31/12/2014. Our Spanish bank was open. No Pop arrived which we pay £20 for. We had no funds so cancelled our new yr booking we have to pay 50 euro cancellation fee. Phoned at 4PM offices closed. Plus the rate was showing 1.29 we were offered 1.2560 then 1.26. We note when James Spurway is not available things go wrong. We have been with Foremost for 7 years and this is the 2nd time this has happened both times when James was away. We are not only angry & disappointed as pensioners we are out of pocket & have struggled since Wednesday all down to Foremost. Janet & Graham Hedditch JAS3838
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1 comment
#1024377

Regarding our comments on 1 January we are TOTALLY HAPPY WITH THE EXPLANATION GIVEN BY FOREMOST AND INDEED CONTINUED AND WOULD HIGHLY RECOMMENDED THEIR SERVICES. TO ALL READERS THAT WE WISH THE FIRST COMMENTS MADE BE EXPUNGED

JANET & GRAHAM HEDDITCH

ID
#577093 Review #577093 is a subjective opinion of poster.
Location
Alcobendas, Madrid
Reason of review
Order processing issue
New Reviewer

Foremost Currency Group

Below is a transcript following my request for payment of monies owed to me by this company.I would point out that Robin McEwen and Adam Bobroff are both Executive officers of the company.I leave readers to draw their own conclusions. It needs to be read from the bottum up to be in the right date order. "Good luck Adam BobroffDirector of Foreign ExchangeThe Foremost Currency Group Making the most of your currency +44 (0) 144* 892060www.foremostcurrencygroup.co.uk Internet communications are not guaranteed to be secure or virus-free. The Foremost Currency Group Ltd does not accept responsibility for any loss arising from unauthorised access to, or interference with, any Internet communications by any third party, or from the transmission of any viruses. Replies to this e-mail may be monitored by The Foremost Currency Group Ltd for operational or business reasons. Any opinion or other information in this e-mail or its attachments that does not relate to the business of The Foremost Currency Group Ltd is personal to the sender and is not given or endorsed by The Foremost Currency Group Ltd. Our representatives cannot and do not give advice. The Foremost Currency Group Ltd is registered in England and Wales (registered no. 554****).Registered Office: Sutton Court, Church Yard, Tring. Hertfordshire HP23 5BB. The Foremost Currency Group Ltd is fully compliant with HMRC (HM Revenue & Customs) Anti Money Laundering Regulations; our Money Laundering Registration number is 1221****. The Foremost Currency Group Limited is fully compliant with the Payment Services Regulations 2009. We are authorised by the Financial Services Authority under the Payment Services Regulations 2009 [FRN 503906] for the provision of payment services. From: George Q] Sent: 28 September 2012 10:21To: Adam BobroffCc: Robin McEwenSubject: RE: Re: French - Currency Dear Mr Bobroff I assume you are assuming responsibility for this matter. I have requested payment of the debt that you are refusing to pay.The reason stated is that I as your agent am responsible for your compliance costs, and that your costs exceed the debt? I have requested evidence of any agreement to confirm this arrangement please would you be so kind as to forward this. I have instructed solicitors that failing to receive this they are to proceed with bad debt proceedings against FCG I would also like an updated list of any further commissions generated by our relationship please would be so kind to as to forward these details? Best wishes George Q From: Adam Bobroff [mailto:amb@***.co.uk] Sent: vendredi 28 septembre 2012 11:05 Subject: RE: Re: French - Currency Good. I look forward to hearing from you in due course then. Adam BobroffDirector of Foreign ExchangeThe Foremost Currency Group Making the most of your currency +44 (0) 144* 892060www.foremostcurrencygroup.co.uk Internet communications are not guaranteed to be secure or virus-free. The Foremost Currency Group Ltd does not accept responsibility for any loss arising from unauthorised access to, or interference with, any Internet communications by any third party, or from the transmission of any viruses. Replies to this e-mail may be monitored by The Foremost Currency Group Ltd for operational or business reasons. Any opinion or other information in this e-mail or its attachments that does not relate to the business of The Foremost Currency Group Ltd is personal to the sender and is not given or endorsed by The Foremost Currency Group Ltd. Our representatives cannot and do not give advice. The Foremost Currency Group Ltd is registered in England and Wales (registered no. 554****).Registered Office: Sutton Court, Church Yard, Tring. Hertfordshire HP23 5BB. The Foremost Currency Group Ltd is fully compliant with HMRC (HM Revenue & Customs) Anti Money Laundering Regulations; our Money Laundering Registration number is 1221****. The Foremost Currency Group Limited is fully compliant with the Payment Services Regulations 2009. We are authorised by the Financial Services Authority under the Payment Services Regulations 2009 [FRN 503906] for the provision of payment services. From: George QSent: 28 September 2012 09:55To: Alastair ArchboldCc: Robin McEwenSubject: RE: Re: French - Currency Dear Alastair Please show evidence of any agreement between us that demonstrates your introducers are liable for your compliance costs be they internal investigations or otherwise? Failure to do so or to pay commissions you have already confirmed to me are due will leave me with no other course than to proceed with recoveryof the debt with all associated costs being added to the debt. I await your confirmation before proceeding. I had also been told by telephone this morning you were not in the office until next week?Hardly in keeping with honest and open relationships with brokers ex or otherwise? Best wishes George From: Alastair Archbold [mailto:aja@***.co.uk] Sent: vendredi 28 septembre 2012 10:47To: iSubject: RE: Re: French - Currency Dear George, Having reviewed the business referred to us by you, we have concluded no commission is due. During anti money laundering compliance procedures it became clear that clients you referred to us, could not confirm if it was their funds they were moving, or the reason they wanted funds transferred. Due to the lengthy and time consuming process it involved to investigate the history of the unusual trades clients were placing, this resulted in a cost to as far exceeding any commissions that were due. For this reason no commission payment will be made, and no further communication will be entered into. Kind Regards, Alastair ArchboldSenior FX TraderThe Foremost Currency Group Making the most of your currency +44 (0) 144* 892060www.foremostcurrencygroup.co.ukwww.foremostcurrencygroup.blogspot.com/ Internet communications are not guaranteed to be secure or virus-free. The Foremost Currency Group Ltd does not accept responsibility for any loss arising from unauthorised access to, or interference with, any Internet communications by any third party, or from the transmission of any viruses. Replies to this e-mail may be monitored by The Foremost Currency Group Ltd for operational or business reasons. Any opinion or other information in this e-mail or its attachments that does not relate to the business of The Foremost Currency Group Ltd is personal to the sender and is not given or endorsed by The Foremost Currency Group Ltd. Our representatives cannot and do not give advice. The Foremost Currency Group Ltd is registered in England and Wales (registered no. 554****).Registered Office: Sutton Court, Church Yard, Tring. Hertfordshire HP23 5BB. The Foremost Currency Group Ltd is fully compliant with HMRC (HM Revenue & Customs) Anti Money Laundering Regulations; our Money Laundering Registration number is 1221****. The Foremost Currency Group Limited is fully compliant with the Payment Services Regulations 2009. We are authorised by the Financial Services Authority under the Payment Services Regulations 2009 [FRN 503906] for the provision of payment services. From: George QSent: 28 September 2012 09:38To: Alastair ArchboldSubject: RE: Re: French - Currency Dear Alastair Please can you confirm that the outstanding commission mentioned in your email below and any further commissions since have now been paid? Many thanks George From: Alastair Archbold [mailto:aja@***.co.uk] Sent: lundi 6 février 2012 13:22To: Cc: Robin McEwenSubject: RE: Re: French - Currency Dear George, We pay 25% as a commission of any profit made. Below is a breakdown of all commissions, both paid and outstanding. The total we have to send you currently is £116.30. If you could let me know in which currency you would like this paid (GBP or EUR) and where you would like it sent, I can arrange the transfer for you. While we thank you for the business given to date, we no longer wish to have any further business relationship with you, or French Mortgage. Once we have paid your outstanding commission, please therefore remove the currency page from your site and any mention of the Foremost Currency Group. Kind Regards, Alastair ArchboldSenior FX TraderThe Foremost Currency Group Making the most of your currency +44 (0) 144* 892060www.foremostcurrencygroup.co.ukwww.foremostcurrencygroup.blogspot.com/ Internet communications are not guaranteed to be secure or virus-free. The Foremost Currency Group Ltd does not accept responsibility for any loss arising from unauthorised access to, or interference with, any Internet communications by any third party, or from the transmission of any viruses. Replies to this e-mail may be monitored by The Foremost Currency Group Ltd for operational or business reasons. Any opinion or other information in this e-mail or its attachments that does not relate to the business of The Foremost Currency Group Ltd is personal to the sender and is not given or endorsed by The Foremost Currency Group Ltd. The Foremost Currency Group Ltd is registered in England and Wales (registered no. 554****).Registered Office: Sutton Court, Church Yard, Tring. Hertfordshire HP23 5BB. The Foremost Currency Group Ltd is fully compliant with HMRC (HM Revenue & Customs) Anti Money Laundering Regulations; our Money Laundering Registration number is 1221****. The Foremost Currency Group Limited is fully compliant with the Payment Services Regulations 2009. We are authorised by the Financial Services Authority under the Payment Services Regulations 2009 [FRN 503906] for the provision of payment services.
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2 comments
#683640

We are a UK based commercial foreign exchange company, and much of our business comes from introducers who pass details of clients that may require foreign exchange. The individual who posted the review referred several clients to us. Usually we would pay 25% commission of any profit made to the introducer for any trade we complete. The commission due was £116.30. As you can see from the email thread posted as the review, we decided not to pay the £116.30 commission due to a significant failure of the Anti-Money Laundering process resulting in us ceasing all relationships with both the individual and all clients that were referred.

As you can appreciate, a business such as ours is a target for money launderers, and as such we are legally bound to show we know why clients are using our services and to be able to identify where funds have come from. Both the referrer and the clients referred could not clarify why they had used our service, or the source of the funds, which is highly unusual and raised serious concerns with our compliance team. The transactions therefore did not meet our Anti Money Laundering criteria. All trades were cancelled and funds returned to clients, and the relationship was ended immediately. As such, no commissions were due, as we make these on a discretionary basis as is our right.

We therefore feel the negative review is not warranted, and is simply a vengeful attempt to disrupt our business. Please therefore remove the review with immediate effect. Please confirmed within 7 days that the review has been removed. If it will not be removed, provide detailed reasons why this is the case so we can pursue the matter at the next level.

#685055
@PissedConsumer683640

Please note that FMG had happilly accepted the very same clients funds in the first place it was only when the client tried to release their funds that money laundering issue was raised. Now you isn't it just a little hypocritical to accept the clients funds in the first place and then when the client wishes to move their funds on decide that you wish to raise money laundering issues. Surely you failed to put the correct procedures in place in the first instance therefore failing in your duties to follow correct procedures. You cannot accept clients funds with no questions asked then raise ficticious money laundering concerns when the client wishes to actually recover their funds from FCG. Now FCG did after a delay pay back to the client their funds so either FCG broke the money laundering rules twice or this is just an excuse for not paying brokers their fees.

And isn't the real issue being obscured here? Where in your broker agreement do you mention that the broker is responsable for FCG' compliance fees? Nowhere is the the answer. You have effectively just confiscated monies due perfectly legitimately to the broker and to make matters worse FCG are trying to play a false money laundering card to excuse their behaviour.

If there had been any issue concening money laundering these funds should never have been accepted by FCG in the first instance and should not have been paid to the client in the second instance. If any credibilty is to be given to the above comments it is FCG admitting they do not have any effective money laundering rules either in place or being respected. this is surely an issue for the regulatory authority who is responsable for FCG.

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ID
#348203 Review #348203 is a subjective opinion of poster.
Location
Paris, Ile-De-France
Loss
$150

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