Background of IAP Global
Jim Moore and Tony Mackay started a phoenix company IAP Global following the collapse of Inside Track. They promised to: “Help members with uncompleted off plan investments.” They started a sister company Freedom Portfolio which promised 5 BMV investment properties for an up front fee of £40,000. After collecting millions of ££”S from clients and failing to supply investments these companies were wound up. Leaving behind yet another string of victims…
Do you want Mr Moore and Mr McKay to be held accountable?
READ ON …TO FIND OUT WHAT YOU CAN DO > > >
Report Moore and McKay! It is our job to inform the right people.
SEND a letter to these four people:
Kevin Murphy – Ruth Kaiser – Rachael Harvey – Mark Bruce
STEP ONE: Write to Kevin Murphy the liquidator of IAP Ltd
In 2008 Kevin Murphy the liquidator of IAP Ltd allowed IAP Global to “re-form” as a phoenix company following an approach by two IAP directors. Moore and McKay said without “their help” we would not have the “support” we needed.
Moore and McKay went ahead and set up IAP Global Ltd using the IAP data-base, the same office premises, same email accounts, intellectual property, phone lines and staff.
While many early members of IAP were absolutely horrified that Mr Moore and Mr McKay were just allowed to shut down IAP and continue with exactly the same business under IAP Global, Kevin Murphy believed Jim Moore and Tony McKay when they told him that IAP Global would “assist members”- you can find full details in the liquidators report available from Mr Murphy.
Prior to placing IAP into voluntary administration, Jim Moore had arranged for the millions of $’s and millions of EUR’s in commissions to be sold to Engle, a company he controlled.
These were commissions due to IAP from developers on the properties they had introduced to members ($16.5 million in US and 6 million EUR’s in Europe).
Mr Murphy has PROMISED to investigate this.
You need to let Mr Murphy know IF YOU:
- Completed on a property in Spain or Florida after May 2008.
- Were asked to pay more fees to IAP Global for services.
- IAP Global encouraged you to complete on financially suicidal property purchases, where they misled you about the true market value of the property and achievable rental.
Chantrey Vellacott DFK,
Russell Square House
10-12 Russell Square
STEP TWO: Write to Ruth Kaiser the liquidator of IAP Global Ltd
IAP Global took a further £4 million in fees before being placed into “voluntary” administration by Mr McKay.
When a company goes into liquidation the liquidator winds up the company. A liquidator who believes there has been wrong-doing by any of the directors, or that “members of the public were disadvantaged by the company” they will send a report to the Insolvency Bureau.
The Insolvency Bureau can then take action to disqualify them as directors.
NO action has yet been taken against Anthony McKay.
You need to let Ruth Kaiser know IF YOU:
- Were encouraged to complete on deals when it was clearly financial suicide to do so.
- If you were threatened: ” If you don’t pay X , we will not help you complete on your property.”
- If you paid substantial sums of money for Portfolios of BMV properties and received nothing.
- You asked for your money back and it was not returned. (Some members wrote hundreds of emails – all in vain.)
Ruth needs to have this information to report back to The Insolvency Bureau, they will then consider the fitness of these people to be directors.
The Manor House
260 Eccleshall Road South
STEP THREE: Write to Rachel Harvey the liquidator of Freedom Portfolios (Director: Anthony McKay)
Many IAP Global members were asked to pay fees to Mr McKay’s company Freedom Portfolios Ltd rather than IAP Global.
In November 2010 Freedom Portfolio was compulsorily “wound up” by a former member of IAP. It cost him over £7,000, but he said “They had to be STOPPED.”
You need to let Rachael Harvey know IF YOU:
o Paid substantial sums for Portfolios of BMV properties and received nothing.
o If you asked for your money back and it was not returned to you.
o If either Jim Moore and or Anthony McKay misled you, if you had reason to complain to them and failed to get a satisfactory outcome.
Rachael will also be sending her report to the The Head Company Investigations at the Insolvency Bureau.
The Manor House
260 Eccleshall Road South
STEP FOUR: Copy YOUR letter/letters to Mark Bruce, Head of Companies Investigation at:
Head of Company Investigation London 2
The Insolvency Service
21 Bloomsbury Street
LONDON WC1 3QW