Guarantees UK Ltd Reviews

In August 2013, my US based client spoke to Mr. Phillip Sinclair of Guarantees UK Ltd. and expressed his interest in confirming an order to acquire a Bank Guarantee for US$ 19 million. The client was sent a contract, which he discussed in detail with his attorney and decided to go ahead with it. The client then wrote to Mr. Phillip Sinclair and confirmed that a wire transfer of US$ 50,000 has been made to his company's designated account at Lloyds TSB in London. Sinclair confirmed that money reached his account on 29th August 2013. Thereafter, Sinclair disappeared from the scene totally and stopped receiving all calls. We kept on sending reminder emails to him to expedite the delivery of financial instrument to the client, but no reply. One month later, Sinclair resurfaced and said the he was in a hospital and was hence unable to complete the documents. Thereafter, a series of emails were exchanged with Phillip Sinclair. Every e-mail was aimed at buying time on one excuse or the other. On phone, Phillip Sinclair never listens to the caller and loses temper. He shouted at the caller on scores of occasions and narrated a *** and bull story of sitting in HSBC and getting the bank instrument issued. Phillip Sinclair always has a stereo reply, "We are ready to go. I am awaiting a reply from the monetizer. etc. etc." Then on 1st October 2013, Phillip Sinclair changed his name to Michael Sinclair. Mr. Phillip Sinclair was informed that the client is no longer ready to wait for this instrument and requested him to return the money he took from the client direct to the bank account from which the money was transferred to his account. Phillip Sinclair has not replied to this request. Discussion with other financial consultants revealed that Sinclair has stolen US$ 300,000 from four different clients in the past one year. All of them have been cheated. None of them have been given the promised banking instrument. They are all cursing Sinclair for his lies and deception. Typical scammer - attracting clients by offering instruments at a marginal price and then disappearing with their money. Phillip Sinclair managed to convince all these clients that they would get huge returns by monetizing the BGs issued by him and that he too would collect his balance fee direct from the monetizer from the first tranche of the monetization. Most investors fell for the trap because Phillip Sinclair convinced them that he is investing his own money to get the BGs issued and that he would also get a pie of the profits from the monetization. Phillip Sinclair is a big scammer and deceives people due to his old age and convincing arguments. Let all readers be warned that they should never deal with Phillip Sinclair of GuaranteesUK Ltd. London.