A little over a month ago, REDD-Monitor wrote about a company called Prestige Investment Group Limited. The company director, Lee Hales had written to REDD-Monitor explaining that he wanted to speak to people who had been scammed into buying carbon credits as investments.
Hales was offering to buy carbon credits from people who invested in his company. I pointed out that Prestige Investment Group raised an awful lot of red flags.
Last week Hales wrote to REDD-Monitor again:
Name: Lee Hales
Comment: Dear Mr Lang
Please remove the information you have posted about on your website. The offer i made with reference to carbon credits was a fact. I was not aware about the situation with Invest In Brazil and based on the information you have given i will no longer offer this investment. The products i offer a through a regulated company in the UK and i am quite happy to speak with you about this. I find it strange that you can assume so much on a website without even tlking to the person involved. I do feel that based on what you have said that you have discredited myself with out any facts based on this i have no alternative but to speak with a solicitor. Some of the information you give is correct i would like to point out a couple of errors though if i may. If i am based in birmingham why would i be contacting you from london. My surname is Hales not Hayes it seems to me that you base you observations on a little bit of information and not fact and if you had contacted me as requested we could have discussed the matter. Kind regards Mr Lee Hales
I’ve corrected the spelling of Hales’ surname in the previous post. I’ve removed the bit about the IP address of the previous message being in London. This time the IP address puts Hales in Birmingham.
The information about Invest in Brazil, one of the investments that Prestige Investment Group was offering, that I used in the previous post is all publicly available. It is perhaps surprising that Hales apparently hadn’t carried out even basic due diligence into the “investment” his company was offering.
In the meantime, Hales has redesigned his company’s website. It now provides even less information about the “investments” on offer.
The website does provide a “cash investor form”, and a “free pension review”.
The words “Providing Secure Financial Investments” have been removed from the website, and the disclaimer explaining that the investment information on the website was only suitable for sophisticated and high net worth investors has been removed.
The website now points out that,
Prestige Investment Group do not give financial advice, and are not regulated by the Financial Conduct Authority, if you are unsure about investments you should seek help from a qualified individual.
Meanwhile in the “Terms and Conditions”, Prestige Investment Group explains that,
An advisory service is where an Introducing Agent or we advise you on the merits of buying or selling unregulated investments.