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  1. #1
    Join Date
    Sep 2009
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    73

    Grass Root's Financial Ltd - Another scam ?

    The following will give any Agent / Master Agent who wishes to pursue a claim against Grass Root's for outstanding commissions along with the other readers of this thread some interesting information !

    Grass Roots Financial Ltd ,
    Peter House ,
    Oxford St ,
    Manchester ,
    M1 5AN

    Company Registration No: 05979001

    This company first came to prominence following the dispute that arose between Cartel Client Review Ltd and Geo Financial Solutions Ltd (who provided the DMP solution for Cartel ) in late January / early February 2009 .

    Grass Root’s Financial Ltd is currently owned by Eric Webb ( along with his wife Sandra )who is a Master Agent for Cartel Client Review Ltd and a trusted member of Carl Wright’s “inner circle” .

    Towards the middle of February all Agent’s / Master Agent’s were informed that they would not be paid for any work placed with Geo and that to ensure that commission payment’s was made it was suggested that client’s transfer their DMP to Grass Root’s .

    To ensure business was placed with Grass Roots all Agent’s were given the incentive of “double commission” on all new DMP’s placed with Grass Root’s throughout March and April and would be paid for such in late May 2009 .

    In May 2009 when payment was due to the Agent’s there was uproar when none of them got paid their commission on the due date .

    The reason given was that Grass Root’s were unable to pay their Agent’s because none of them had signed a contract . The contract that the Agent’s had been expected to sign had quietly appeared unannounced on Cartel’s SOUP system some two days prior to the commission payment being due .

    To place business with Grass Roots it was conditional upon the Agent also being an Agent of Cartel Client Review Ltd as you would only be able to access the Grass Root’s system via the Cartel system . Effectively Grass Root’s and Cartel Client Review were Siamese twins joined by the one heart the - SOUP system .

    Some months later it was suggested that Grass Roots would not accept any DMP’s that had been supplied by an Agent from the 1st October , 2009 if the Agent had not previously paid £70 to go on a Grass Root’s training course . Though many Agent’s came from an IFA background many others also came from careers in the Debt Industry and knew more about DMP’s and IVA’s than what Grass Root’s did .

    Throughout 2009 as many Agent’s and Master Agent’s were placed in a position whereby they had claims for Unfair Dismissal against Cartel Client Review after being "cut off the system" by default they consequently also simultaneously now had claims for Unfair Dismissal against Grass Root’s .

    To date there are possibly many hundreds of claims potentially against Grass Root’s for outstanding commissions and also unfair dismissal .

    Unlike many other DMP providers Grass Root’s had paid an introductory commission based on the first months payment to the Agent and had informed the Agent that they would be paid another payment each year based on the payments made in respect of each DMP they had submitted on the 19th December .Most other DMP providers pay an upfront fee based on the first payment and then monthly payments thereafter .

    This payment would be equal to 25% of Grass Root’s monthly management charge of 17.5% multiplied by the number of payment’s made by the customer in the DMP .

    If you believe that you have suffered a financial loss as a result of placing business with Grass Root’s then the following information will be of use to you . Having perused the Agent’s contact which has been attached I am of the opinion that is seriously flawed .

    In addition it can be argued that many Agent’s who placed business with Grass Root’s prior to the publishing of such contract already had an agreement in place by association .

    The following solicitors specialise in agency law and should be able to help you formalize a claim for any monies that are due to you and act on your behalf . Effectively as Cartel Client Review Ltd claim to have trained over 4000 representatives over the last 2 years there could well be many of hundred’s of representatives owed a great deal of money by this company already .

    And surprise , surprise Grass Root's are rumoured to be about to launch a recruitment drive following their application for a MoJ licence in November 2009 - as the saying goes “when one door closes another one opens !”

    Marcus Chapman ,
    Steeles Law ,
    2-3 Norwich Business Park
    Whiting Rd ,
    Norwich ,
    Norfolk
    NR4 6DJ
    01603 598 000


    David Bentley ,
    Bentley & Co ,
    7 Littlemoor Rd ,
    Pudsey ,
    Leeds ,
    LS28 8AF
    0113 236 0550

    Larry Coltman ,
    Hill Hofstetter LLP ,
    Trigen House ,
    Central Boulevard ,
    Blythe Valley Park ,
    Solihull ,
    B90 8AB
    0121 210 6000

    Finally like Cartel - Grass Roots share the same registered office , the same software system and just like Cartel they use Bermans solicitors from time to time!

  2. #2
    Join Date
    Sep 2009
    Posts
    73

    Re: Grass Root's Financial Ltd - Another scam ?

    Many Agent’s and Master Agent’s that may have suffered by not being paid by this company may be asking what else can they do ?

    How can you help your customer ?

    Well you can start by asking yourselves is it “ethical” to continue to expose your customers to a company whose current financial accounts appear to “allegedly” show the company to be trading whilst insolvent ?

    Irrespective of your “losses” do you really want to continue to expose your “ friends , families and clients” to a company such as this ? Particularly when they too have such close links to Cartel Client Review Ltd .

    Have you informed the OFT of how this company allegedly appears to be handling client money whilst appearing to be insolvent ? The OFT handle the issuing of their Consumer Credit Licence to the best of my knowledge .

    If you would like to suggest to your “friends , families and clients” that they may wish to reconsider placing their business with Grass Root’s Financial Ltd , especially as they may have also probably lost money with Cartel Client Review Ltd , then these are a few companies you may wish to consider contacting .

    In addition to possibly giving your clients added security in dealing with their financial affairs these companies “ may “ also be able to provide you with an additional income stream from such referrals !

    In addition you will be of the knowledge that from the moment that they place any business with these companies neither Carl Wright or Eric Webb will personally benefit from such !

    Fresh Start (UK) Ltd ,
    P O Box 498 ,
    Hull ,
    HU9 9GR

    0800 924 7244

    Contactus@freshstartltd.co.uk

    Debtsure Ltd ,
    Builder House ,
    Mayors Rd ,
    Altrincham ,
    WA15 9RP

    0161 927 2663

    Introducers@debtsure.net

    TCF Debt Solutions (UK) Ltd ,
    7 Millbank House ,
    Riverside Business Park ,
    Bollin Way ,
    Wilmslow ,
    Cheshire ,
    SK9 1BJ

    0800 111 6162

    Introducers@tcfdebtsolutions.co.uk
     
     
     


  3. #3
    Join Date
    Nov 2009
    Posts
    20

    Re: Grass Root's Financial Ltd - Another scam ?

    Not another one!!

  4. #4
    Join Date
    Feb 2010
    Posts
    125

    Re: Grass Root's Financial Ltd - Another scam ?

    Quote Originally Posted by AlisonSE1 View Post
    Not another one!!
    What? You talkin' to me? :spin2:

    No, not ANOTHER one, just more of the same I'm afraid.

    Think of it as Cartel Mk 2.

    Grass Roots Financial Ltd was created to serve only Cartel Client Review.

    It made a loss of £12k last year, and clients signing up to Debt Management Plans have been asked to make out their cheques to Blue Domino Ltd.

    Now why would that be? Isn't that illegal?

    Blue Domino and Grass Roots are both owned by Eric and Sandra Webb, who happen to be Master Agents for Cartel and "trusted members of Carl Wright's 'innrer circle'".

    I predict a bit of Directorship hokey-cokey at some point in the not-too-distant future, with a certain Carl Wright taking the helm of this company as well - possible even Blue Domino too!

    So beware anyone who is thinking of using this company.
    Main thread on Cartel Client Review:
    http://www.scam.com/showthread.php?t=122675

    Summary information thread on Cartel Client Review (CCR) and Consumer Credit Litigation Solicitors (CCLS):
    http://www.scam.com/showthread.php?t=126117

    Thread on Grass Roots Financial (Cartel's phoenix company):
    http://www.scam.com/showthread.php?t=126656

  5. #5
    Join Date
    Feb 2010
    Posts
    125

    Re: Grass Root's Financial Ltd - Another scam ?

    Documents pertaining to Grass Roots Financial Ltd, available to agents via Cartel's SOUP portal just before the plug was pulled:
    Main thread on Cartel Client Review:
    http://www.scam.com/showthread.php?t=122675

    Summary information thread on Cartel Client Review (CCR) and Consumer Credit Litigation Solicitors (CCLS):
    http://www.scam.com/showthread.php?t=126117

    Thread on Grass Roots Financial (Cartel's phoenix company):
    http://www.scam.com/showthread.php?t=126656

  6. #6
    Join Date
    Feb 2010
    Posts
    125

    Re: Grass Root's Financial Ltd - Another scam ?

    More:
    (note the Credit Card Authorisation form shows a note saying that the payment will appear on their statement as Blue Domino Ltd)
    Main thread on Cartel Client Review:
    http://www.scam.com/showthread.php?t=122675

    Summary information thread on Cartel Client Review (CCR) and Consumer Credit Litigation Solicitors (CCLS):
    http://www.scam.com/showthread.php?t=126117

    Thread on Grass Roots Financial (Cartel's phoenix company):
    http://www.scam.com/showthread.php?t=126656

  7. #7
    Join Date
    Mar 2010
    Posts
    28

    Re: Grass Root's Financial Ltd - Another scam ?

    Hi

    Does anyone know who the solicitors will be for Grass Roots Financial Ltd?

    Thanks

  8. #8
    Join Date
    Sep 2009
    Posts
    73

    Re: Grass Root's Financial Ltd - Another scam ?

    MOJ Take note

    Update from Bristol regional meeting of Cartel Reps and Master Agents.


    The meeting was atteded by around 40 reps and the brainwashed were told the following:


    • Business as normal through Grassroots.
    • An investor with £20m is ready to be announced.
    • Panel of solicitors to be used instead of one company as previous.
    • Clients to be written to and they will be given the chance to transfer claims to Grassroots.
    • Carl Wrights assets are frozen at momment due to divorce.
    • Reps/MAs will be paid December's fees either when assets released or when investor comes on board.
    • This meeting was run by Peter Applewhite.
    MOJ etc need to be investigating Grassroots same old Cartel under different name.


    The above is a copy of a posting from PQ1 on the Cartel thread !

  9. 03-20-2010, 05:37 AM


  10. #9
    Join Date
    Mar 2010
    Posts
    28

    Re: Grass Root's Financial Ltd - Another scam ?

    MoJ to investigate Grass Roots Financial Ltd, according to Radio 4 Money Box:

    http://news.bbc.co.uk/1/hi/programme...ox/8577178.stm


    New credit card protection agreed




    BBC Radio 4's Money Box
    Saturday, 20 March 2010 at 1204 GMT On Radio 4 and Online
    Credit card holders will be offered greater protection from spiralling debts, although the changes are watered down from original proposals.
    Consumers will be given 60 days to reject changes in the interest rates charged on their existing debts.
    They will also be able to opt out of any increases in their credit limit. By the end of January 2011 providers must also ensure that the highest cost debt on a credit card is paid off first
    Money Box hears from Moneysupermarket.com's Peter Harrison.
    Related links:

    BBC News: New credit card protection agreed



    When is low risk actually high risk?
    When it's 'geared'.
    Geared traded endowment policies are not familiar to many people, but some people did invest huge sums in the plans marketed as a low to medium risk investment.
    In fact the products involved borrowing money to investment, a high risk activity.
    Now some face losing their home.
    Money Box hears from a solicitor acting for people who say they were mis-sold the products, Gareth Fatchett of Regulatory Legal.
    Chief Executive of the company behind the products, UK Integrity Group, gives his perspective to Paul Lewis.


    Cartel shut down
    Cartel Client Review has effectively been shut down by the Ministry of Justice (MoJ).
    As previously revealed by Money Box, the MoJ has been investigating Cartel since February after complaints from customers.
    The solicitors used by Cartel, Consumer Credit Litigation Solicitors, was shut down by the Solicitors Regulation Authority last month for 'suspected dishonesty'.
    Customers were complaining they had paid hundreds - often thousands - of pounds to have these firms bring claims against their lenders, and seen nothing for that money.
    The MoJ has confirmed to Money Box that it is now also investigating Grass Roots, which according to its authorisation is working out of the same offices as Cartel.
    Karen Kiernan reports on what the latest developments could mean for customers.
    Related information:
    BBC News: Cartel Client Review closed down
    BBC News: Cartel fee refunds may be at risk
    BBC News: Claims firm solicitors shut down
    BBC News: Credit claims firm investigated
    Solicitors Regulation Authority
    Ministry of Justice
    No win, no fee reforms
    MoJ: Fact Sheet - delays in providing a service
    MoJ: Fact Sheet - suspended or cancelled business
    Claim Management Firms

  11. 03-21-2010, 03:37 AM


  12. 03-21-2010, 04:11 AM


  13. #10
    Join Date
    Nov 2009
    Posts
    92

    Re: Grass Root's Financial Ltd - Another scam ?

    Quote Originally Posted by cazz View Post
    To all previous MA's or representatives who were hoodwinked by Cartel or any other company who operated in this way. If you genuinly beleived you were taking the correct message out to the general public. Do what is right! Find out the truth!

    If you intend to jump over to Grass Roots,under the guise of Cartel and lead people up yet another garden path, shame on you....

    Come on Cazz, you want transparency...declare your obvious vested interest in the UCA industry.

  14. 03-22-2010, 05:44 AM


  15. 03-23-2010, 04:10 AM


  16. #11
    Join Date
    Mar 2010
    Posts
    10

    Re: Grass Root's Financial Ltd - Another scam ?

    http://www.mortgagestrategy.co.uk/10...ype=newsletter

  17. #12

    Re: Grass Root's Financial Ltd - Another scam ?

    Lets have a few more truths about Grass Roots Financial

    1) They are based on the 5th floor of Universal Square, the same offices as Cartel.

    2) Carl wright pulls all the strings with Eric being his yes man.

    3) After a meeting with the M.O.J a few months back it was decided that all cartel credit claims be moved across to grass roots for them to introduce to CCLS. The reason is it looked as though CCLS belonged to Carl Wright as he was the only company introducing business to them, with Grass Roots being the 2nd company all seemed to be ok.

    3) Why did cartel's upfront fee's show on a bank statement as being taken by Blue Domino Ltd ( Eric Webb company)

    4) When Grass Roots has a direct sales team, why were the documents emailed to Cartel reps for them to visit the client - The WELL KNOWN FREE LEADS Campaign.

    5) Cartel and Grass Roots Financial are very much the same company, They shared the same HR & I.T teams.

    6) Eric why did you start a business 3 hours away from where you live ?

    Was this because carl made you come into work everyday???

    8) Eric are you still receiving your nice salary from Grass Roots and not paying staff on time.

    9) Why was your credit card claims being processed by the same staff that processed them for Cartel - Is it because your the same company.

    10) Why are your staff now lying about being based in the cartel offices when I ring.

    11) When the Cartel rep came to see me why did they say cartel and grass roots are the same company.

    12) Why was Carl sending bulletins to Agents telling them about Grass Roots Commissions.

    13) Why did all Grass Roots Clients come through the Cartel Soup System with Barry Wright printing them off for you everyday?

    15) Eric & Carl why did your agents use UCA as a debt solution ????

    In my opinion The sooner Carl gets put in prison with Eric Webb, Peter Applewhite & Ian Mccormick the better

    Dont worry Carl, Asia can visit on weekends.

    Cartel took approx £20m in fee's and wont pay any back.

  18. #13
    Join Date
    Feb 2010
    Posts
    10

    Re: Grass Root's Financial Ltd - Another scam ?

    as I said on the main Cartel thread, I find it incredible that he is being allowed to get away with this. Why are the MOJ allowing Grass Roots to continue trading when it is being run by exactly the same people as the company that they have just shut down. Begs belief doesnt it

  19. #14

    Re: Grass Root's Financial Ltd - Another scam ?

    Dear All

    Thank you for your post about Grass Roots and the apparent 'siamese' connection with Cartel Client Review

    I am one of the many thousands of ultimate clients of Cartel and their (now defunct) CCLS legal partners

    I originally paid some £1,350 to Cartel and received nothing but poor communication and grief from both firms (all documented).

    Last weekend I received a letter from Gordons law firm advising me of the demise of CCLS and asking where I would like them to send my files or to give them the authority to dispose of them - neither option being satisfactory.

    I have heard nothing from Cartel directly despite contracting with them in the first place

    I wonder where all the money went as cartel were collecting from all sides - the agents/master agents and clients

    This may or may not have been a scam but there must be tens of thousands of people who, like me, appear to have been left up the proverbial creek without a paddle or redress to anyone.

    I am only thankful that I also engaged with a Debt management company (LUD-ltd.co.uk) who have been exemplary in their support and guidance.

    If anyone knows of a Class action out there on behalf of former Cartel CCLS clients, please do let me know!

    Best regards

    Disgruntled client # 70,000

  20. #15
    Join Date
    Mar 2010
    Posts
    10

    Re: Grass Root's Financial Ltd - Another scam ?

    ratio money has gone!!!!!!!
    Last edited by cazz; 03-27-2010 at 07:13 AM.

  21. #16
    Join Date
    Feb 2010
    Posts
    125

    Re: Grass Root's Financial Ltd - Another scam ?

    Mortgage Strategy
    29/03 - MoJ Investigating Grass Roots Financial
    http://www.mortgagestrategy.co.uk/la...009242.article

    MoJ probes firm that shared office space with Cartel

    29 March 2010

    The Ministry of Justice is investi-gating Grass Roots (Financial) Ltd - a claims management firm that shared the same offices as the suspended Cartel Client Review.
    The MoJ has confirmed that an investigation is underway but could not comment on why the firm is being looked into.




    An MoJ statement says: “We can confirm we are investigating Grass Roots but we are not able to comment further on specific issues under investigation.”
    Both firms are listed on the MoJ’s website as working from offices on Devonshire Street, Manchester. A spokeswoman for Cartel has told Mortgage Strategy that its chief executive officer Carl Wright is in no way connected to Grass Roots.
    Main thread on Cartel Client Review:
    http://www.scam.com/showthread.php?t=122675

    Summary information thread on Cartel Client Review (CCR) and Consumer Credit Litigation Solicitors (CCLS):
    http://www.scam.com/showthread.php?t=126117

    Thread on Grass Roots Financial (Cartel's phoenix company):
    http://www.scam.com/showthread.php?t=126656

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