The 79th Group

16 days ago

Cult Wines: This must end in tears with a quarter of a billion quid down the drain

I first flagged up this accident waiting to happen almost a year ago. This wine investment company is still luring in new investors with a 3.9* on Trustpilot and the sort of rave reviews that make one blush. It claims to have raised more than a quarter of a billon quid. Its glossy promotions still promise that the market is turning.  Yes, the fine wine index is up 0.4% YTD after years of decline but with Cult’s cost base that means folks will still not be making money.

19 days ago

First Class Metals from fraudster funding to an aggressive death spiral

This time last year First Class Metals (FCM) was accepting cash from the ponzi fraud The 79th Group AFTER its senior team had already been collared by the Old Bill as I exposed on this website while silly Bloomberg reporters went on another ESG awareness training course. So I suppose an uber aggressive death spiral announced today is an improvement of sorts but it will still crash the share price.

67 days ago

The 79th Group Ponzi: the private planes, the luxury holiday villas, the FCA regulatory failure …it gets worse

I must not be too rude about Liverpuddlian ponzi The 79th Group lest Evil Banksta gets on the trombone to accuse me of racial discrimination, insisting that all his fellow scousers are, like Ken Dodd, purer than the driven snow and as honest as they come. But the revelations about the £200 million bezzle the 79th Group, now in administration, just get more shocking.

283 days ago

Ponzi fraudsters 79th group bugger their staff as well as investors

The 79th Group is now in administration, the City of London Police is all over it and after the hidden losses I exposed investors in its “safe” bonds will lose almost everything. So it is good to see that the bastards who were in charge have also legged over most of its 100 staff who, needless to say, now claim they are the victims

348 days ago

Winnileaks: 79th Group ponzi fraud, a victim writes and shows how the company is still lying

At the end of last week the ponzi fraud the 79th Group announced that as of that point it was suspending capital repayments and interest payments on its mini bonds but stressed that there were good reasons for that and that folks should not worry. A victim who is about to see £30,000 go up in smoke writes to me and shows that this is a demonstrable lie.

349 days ago

Tom Winnifrith Bearcast No 2- surely heads must roll at First Class Metals, Novum and at the FCA after today's exposes

I am not sure that pleading incompetence is enough. First Class Metals (FCM) shares must now be suspended and heads must roll there at the scumbag advisor Novum and at the FCA after today's two exposes on this website about the 79th Group, Steven Knight and Gary Webster

374 days ago

Tom Winnifrith Bearcast No1: the shares are collapsing and the silence is deafening, where are scumbag advisors Novum and the useless FCA?

Yes it is back to the mini bond ponzi fraud scandal the 79th Group and to First Class Metals (FCM). I explain why the 79th must collapse either soon or not quite so soon and why First must accept that, issue an RNS and brace itself for its own shares, already falling fast, to crash. .

375 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.