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  1. #1
    Join Date
    Sep 2009
    Posts
    12

    Euro Cape: Matthew Machin's Ponzi Scheme

    Have you invested in EuroCape Property Finance, Hanson Homes, or with Matthew Paul Machin? If you have, it would be best to try and get your money out as soon as possible, as Euro Cape IV Property Finance is about to collapse.

    Matthew Paul Machin has unfortunately made some very bad decisions over the past few years in deciding to get involved with a Mr Brett Jolly, who is well known in South African markets as a fraudster and con artist (just Google "Brett Jolly" to find out more). Matthew Paul Machin also entered into business with Chris McElevey, and together they have actually had no success, whatsoever, in property development. They had a huge failure in Brazil, and lost lots of money, as well as Bulgaria, where they also lost lots of money. Now all they have left are their investments in the Swartland region, and word has it that they are playing very dirty, going to great lengths, trying to get the owner of the land to surrender all his land.

    Euro Cape has not made a single cent since the inception of its existence, and chance are, it never is. Just look at its share performance. If you have invested in this Ponzi Scheme, it is best to get your money out as soon as possible, while there is still time, because time is literally runniny out!

  2. #2
    Join Date
    Oct 2009
    Posts
    8

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    willy , if i am not mistaken we have met before and its quite possible that you could be feeling rather aggrieved about your current financial status ?
    when we lend people money we expect to get it back and we fully enforce our rights in doing so ... we derive no pleasure from it and are simply doing what ever bank and lending institution has to do from time to time .. recovery of asset and alerting of the necessary authorities if any unorthodox activities are uncovered
    as an organisation we have an excellent record in advising and working with affordable and social housing specialists and we only have two non related delinquent accounts on our books , however , we are comfortable that the asset value is at least equivalent to the debt and have prudently assumed amortization of interest over a 12 month period to provide adequate relief for disposal , hence , we are sitting very well considering world economic conditions
    if i can give you some advice then please look at your own business failings and see where you went wrong since none of us are ever to old to learn from our mistakes
    i find your ponzi allegations the sour grapes of a borrower who tried and failed and to dispel your ramblings any further i can assure you that eurocape has never loaned mr brett jolly any money ( i dont deny that i met him in cape town and i found him to be a larger than life type of character who was good company over the occasional beer ) , we have zero exposure to the brazilian market as a lender and our bulgarian exposure is sitting at less than 50% loan to distressed value. your lack of factual knowledge is also ably demonstrated by your comment about our share price ... we are not a listed entity but a limited partnership domiciled in the UK and operated by a financial services authorised (FSA)company . i would suggest its rather difficult to run a ponzi scheme when your investors monies are held in security by means of mortgages or bonds over development land or buildings since it would require a monumental conspiracy of independent valuers , lawyers , accountants and the investment board BUT just in case all that was happening we would also run the risk of the FSA operator which charges us an annual 20,000 euro corporate goverance fee as a contribution for a chartered surveyor and / or accountant to turn up unannounced at any of our projects for them to ascertain progress etc
    As oscar wilde said "no publicity is bad publicity" and you my friend have given me an excellent open forum to confirm that eurocape runs things very well , it takes a tough line on loan delinquency and since we only have two accounts in any form of arrears any further postings will demonstrate that your comments have zero credibility . regards from matthew machin

  3. #3
    Join Date
    May 2006
    Posts
    1,784

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    As oscar wilde said "no publicity is bad publicity" and you my friend have given me an excellent open forum to confirm that eurocape runs things very well
    That works only in entertainment industry.

    i would suggest its rather difficult to run a ponzi scheme when your investors monies are held in security by means of mortgages or bonds over development land or buildings since it would require a monumental conspiracy of independent valuers , lawyers , accountants and the investment board BUT just in case all that was happening we would also run the risk of the FSA operator which charges us an annual 20,000 euro corporate goverance fee as a contribution for a chartered surveyor and / or accountant to turn up unannounced at any of our projects for them to ascertain progress etc
    Anybody remembers financial companies/ponzies run by Allen Stanford and Bernie Maddoff. With everybody looking away no conspiracy was necessary.

  4. #4

    I.P. Address

    I am an interested party in this issue, but do not intend to get into any mud-slinging or defamation on this site. I think you should all grow up, sit around a table and discuss the matter to bring it to a satisfactory solution for all of us who have lost money. Maybe even appoint an independent arbitrator.

    However to prove how inane and stupid this all is: here is the I.P. address used by Willy@live.com to place his e-mails complaining about Mr. Machin. 41.203.18.4 and 196.40.99.254 and 196.22.142.254

    Maybe people should look up those I.P. addresses and see where they originate.
    Please just sort this out for all of us concerned.
    Jen

  5. #5
    Join Date
    Oct 2009
    Posts
    8

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    Please see letter submitted to Site by companies Lawyers May & co.
    Please click link to view

  6. #6
    Join Date
    Mar 2010
    Posts
    4

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    Quote Originally Posted by BorisZ View Post
    That works only in entertainment industry.



    Anybody remembers financial companies/ponzies run by Allen Stanford and Bernie Maddoff. With everybody looking away no conspiracy was necessary.
    What a coincidence!!! that you happen to know Brett Jolly and Mr Fidentia himself (Arthur Brown). Birds of a feather flock together. We are experiencing some type of global warming, you my friend are about to enter an ice age should you not come to your senses.:judges:
    Last edited by Fafa; 03-16-2010 at 12:29 PM.

  7. #7
    Join Date
    Mar 2010
    Posts
    3

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    I have looked over the site of theirs at http://eurocapepropertyfinance.com/ and have looked over their application to invest in their company... On the fourth page (after two pages for an index and the first page going on about who qualifies or not) "Risk Factors" it reads (It's rather long)

    ----The Partnership and Trust are unregulated collective investment schemes suitable only for authorised persons, high net worth and sophisticated investors. The protections normally afforded by the Financial Services and Markets Act 2000 and compensation entitlements under the UK Financial Services
    Compensation Scheme do not apply.

    There is no established market for dealings in interests in the Partnership or the Trust. The Investments will not be quoted on any stock market and it may be difficult for an investor to obtain reliable information relating to the value of his investment or to sell his investment before the liquidation of the underlying assets by the Partnership. A prospective investor should consider carefully whether an investment is
    suitable for him in light of his personal
    circumstances and the resources available to him.

    To maximise their returns, investors may need to hold their investment on a long-term basis. As a consequence they may not be suitable for shortterm
    investment and you should not invest if you may need to realise your investment prematurely.

    As with business values in general, the value of the investment can go down as well as up and investors may not get back the amount invested
    and may lose up to the full amount of their investment. No guarantees as to investment performance, income distribution or capital gains are given, either expressly or by implication, in this Memorandum.

    No assurance is offered regarding the economic return to investors. The activities of the Partnership are subject to usual commercial risks and as such its operations may be affected
    by the continued economic viability of the General Partner.

    The Partnership does not have an operating history and there will be no assurance that its investment objectives will be achieved. There can be no assurance that the Partnership's operational or exit strategies will
    be available or practical.

    An application to invest may not be cancelled. Interests in the Partnership are not freely transferable or marketable. Any transfer of Partnership Interests requires the approval of the Partnership Operator and the General Partner.

    Figures set out in this Memorandum have been prepared on the assumptions stated. Investors are reminded that such figures are given by way of illustration only and do not constitute
    forecasts.

    Investors should seek their own advice on the taxation consequences of investment in the Partnership or Trust, as the General Partner and the Partnership's Legal and Tax advisers, and the Trusts Trustees can take no responsibility in this regard. A change in the interpretation of the taxation position or a change in the taxation
    treatment of the Partnership or its assets and the Trust may alter the net return to investors. ------

    Now I don't know what anyone else takes of this but it seems to me that they tell you up-front you're investment could be lost in part or in whole, which is how any true investment works in this kind of industry/business.. They also advise you to seek legal advice about the investment prior to investing with them.

    I do not know what kind of finical reports they have released to their investors but the only way I can see this truly being a scam is if those reports have been falsified in any way.

    But that's just my opinion on this...

  8. #8
    Join Date
    Mar 2010
    Posts
    4

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    Quote Originally Posted by MPM1968 View Post
    willy , if i am not mistaken we have met before and its quite possible that you could be feeling rather aggrieved about your current financial status ?
    when we lend people money we expect to get it back and we fully enforce our rights in doing so ... we derive no pleasure from it and are simply doing what ever bank and lending institution has to do from time to time .. recovery of asset and alerting of the necessary authorities if any unorthodox activities are uncovered
    as an organisation we have an excellent record in advising and working with affordable and social housing specialists and we only have two non related delinquent accounts on our books , however , we are comfortable that the asset value is at least equivalent to the debt and have prudently assumed amortization of interest over a 12 month period to provide adequate relief for disposal , hence , we are sitting very well considering world economic conditions
    if i can give you some advice then please look at your own business failings and see where you went wrong since none of us are ever to old to learn from our mistakes
    i find your ponzi allegations the sour grapes of a borrower who tried and failed and to dispel your ramblings any further i can assure you that eurocape has never loaned mr brett jolly any money ( i dont deny that i met him in cape town and i found him to be a larger than life type of character who was good company over the occasional beer ) , we have zero exposure to the brazilian market as a lender and our bulgarian exposure is sitting at less than 50% loan to distressed value. your lack of factual knowledge is also ably demonstrated by your comment about our share price ... we are not a listed entity but a limited partnership domiciled in the UK and operated by a financial services authorised (FSA)company . i would suggest its rather difficult to run a ponzi scheme when your investors monies are held in security by means of mortgages or bonds over development land or buildings since it would require a monumental conspiracy of independent valuers , lawyers , accountants and the investment board BUT just in case all that was happening we would also run the risk of the FSA operator which charges us an annual 20,000 euro corporate goverance fee as a contribution for a chartered surveyor and / or accountant to turn up unannounced at any of our projects for them to ascertain progress etc
    As oscar wilde said "no publicity is bad publicity" and you my friend have given me an excellent open forum to confirm that eurocape runs things very well , it takes a tough line on loan delinquency and since we only have two accounts in any form of arrears any further postings will demonstrate that your comments have zero credibility . regards from matthew machin
    Over inflated property prices. Huge bonds over properties that are worth less than a quarter of the bond value. Your can-of-worms has passed it's sell by date. There are 2(two) sides to a mountain.:judges:

  9. #9
    Join Date
    Oct 2009
    Posts
    8

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    If The Properties Were Not Worth The Value Of The Security Registered Then Why Would The Orginal Borrower ( Who Has Been Arrested And Is Currently On Bail Awaiting Trial For Theft And Fraud ) Be So Insistent In Trying To Reclaim The Assets If They Are In Effect Worthless ?

  10. #10
    Join Date
    Mar 2010
    Posts
    4

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    Quote Originally Posted by MPM1968 View Post
    If The Properties Were Not Worth The Value Of The Security Registered Then Why Would The Orginal Borrower ( Who Has Been Arrested And Is Currently On Bail Awaiting Trial For Theft And Fraud ) Be So Insistent In Trying To Reclaim The Assets If They Are In Effect Worthless ?
    What comes first, Tit for Tat, Arthur or Marthur, the Horse or the Cart, Registered Security or Money.
    (WORK IT OUT) If you dont know what to do with your chickens, give them to me and I'l sell you the Eggs. :judges:

  11. #11

    Re: Euro Cape: Matthew Machin's Ponzi Scheme

    TIME FOR AN UPDATE

    WHAT IS MR. MACHIN UP TO THESE DAYS


    ONE THING IS CERTAIN HE IS RUBBING SHOULDERS WITH THE RIGHT PEOPLE, WITH THE LIKES OF ARTHUR BROWN AND OTHERS; IT SEEMS THAT HE IS LOOKING FOR NEW FRIENDS IN SA.

    ACCORDING TO MACHIN, IF HE ASSOCIATE HIM SELF WITH PEOPLE LIKE BROWN, HE WILL BE PAINTED WITH THE SAME BRUSH, AND BECAUSE OF THIS AS HIS THEORY GOES, THE NPA AND THE SAPS WON’T INVESTIGATE RHETT MOLLYNEUX, AT LEAST THIS IS THE STORY HE WANTS EVERYONE INCLUDING HIS INVESTORS TO BELIEVE, BUT THE TRUTH OF THE MATTER IS VERY CLEAR, THERE ARE NO CURRENT CHARGES AGAINST RHETT MOLYNEUX, THE NPA WITHDRAWN THEIR ONLY CHARGE AGAINST HIM THE BEGINNING OF LAST YEAR, BECAUSE THEY COULD NOT FIND ANY EVIDENCE OF FRAUD, CORRUPTION OR THEFT.

    I WONDER IF HIS INVESTORS’ IN THE UK ARE AWARE OF THIS, I DON’T THINK SO, NO WONDER MR. MACHIN IS LIVING THE HIGH LIFE SPENDING THEIR MONEY, DRIVING FLASHY CARS REGISTERED IN THE NAME OF OTHER PEOPLE AND COMPANIES, BUYING AND RENOVATING PROPERTIES IN PLATTEKLOOF, DOING DEVELOPMENTS THROUGHOUT SA, NOT FORGETTING THE RENTALS HE IS PULLING IN ON HIS PROPERTIES IN HOUT BAY, CLAREMONT AND 48 EDINBURG DRIVE BISHOPS COURT WHERE ARTHUR BROWN IS RESIDING, AND NOT FORGETTING THE HOTEL IN KNYSNA THAT ALSO BRINGS IN 70K PER MONTH, NOT TO SHABBY.

    HOW CONVENIENT IF YOU HAVE SOMEONE ELSE TO BLAME FOR MONEY THAT YOU TOOK, AND THE ACCUSED PARTY WITH THE LIKES OF RHETT MOLLYNEUX AND OTHERS ARE NOT THERE TO DEFEND THEMSELVES, BECAUSE MR. MACHIN CLEVERLY SURROUNDED HIM SELF WITH A GROUP OF PEOPLE IN SA TO PROTECT HIS LIES AND DEFEND HIS ACTIONS KEEPING EVERYONE AT ARMS LENGTH AT ALL TIMES, THE SAYING GOES, THERE IS NOTHING MONEY CANT BUY.



    TILL NEXT TIME

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