Operation Mold

74 days ago

BREAKING: 79th Group goes bust, administrators called in, First Class Metals in total denial, misleading investors

Late last night First Class Metals (FCM) snuck out its calendar 2024 results at no-one is watching O’Clock. Quite simply it was an exercise in denial regarding the ponzi fraud the 79th Group, its 41% shareholder. First Class opines:

105 days ago

GOTCHA!: First Class Metals, bent chairman goes, funding crisis as ponzi 79th cannot back phase 2 placing

The amazing thing is that David Webster, the founder of ponzi fraud the 79th Group had been arrested as part of Operation Mold BEFORE he was appointed as chairman of First Class Metals (FCM), First’s board knew this as did scumbag advisor Novum but they went ahead anyway knowing that without the 79th taking its stake to 50% via a placing at 1.7p, First was bust. Today, after the weekend revelations, Webster has resigned with immediate effect.

126 days ago

Trustpilot just shows that it cannot be trusted: it finally posts a "warning" about mini bond fraudsters The 79th Group

A week after the City of London fuzz announced that looking at a “widespread fraud” it had launched Operation Mold, arrested and charged 4 employees of 79th Group and asked for other victims to come forward, Trustpilot (TRST) which has been a platform for rave reviews for the fraudsters has posted a warning. Well sort of.

130 days ago

Fraudsters at 79th Group deny they are ponzi fraudsters: well they would wouldn’t they?

Is that Christine Keeler or Mandy Rice Davies? I can never remember. It makes no odds, 79th is going down big time. The City of London fuzz, who I’ve met and know well, do not launch a formal operation (Mold), raid homes and arrest four chaps without really good cause.

133 days ago

BREAKING: The mini bond fraudsters at the 79th Group now arrested and the TrustPilot Reviews, can you believe a word on that website?

The 79th Group is the latest and seemingly most tawdry mini bond scandal. Once again naïve punters read the word “bond” and thought “safe”. Then they were promised returns of 12-15%. Lured in by greedy IFA’s being paid fat commissions the cash rolled in.