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jidewura:

Hi forum members,

I'd like to know if anyone has a clear picture of what is really happening at Gekko based on the set of property portfolios offered by Chris Long but which has turned into a disaster.

I have spoken to Sammy (Roger Humphries) numerous times about this (and he sounds a really nice bloke) with explanations that the fault lies squarely at Chris Long's feet, but I left a deposit of £3,000 on three properties since October of last year paid into Gekko's account. I am beginning to get anxious that this situation is not being dealt with by either Chris nor taken seriously by Gekko.#

Has anyone who left a deposit on these properties got their money back? Does anyone actually know Chris Long?

Jay,

I apologise if I have not got back to you as I should have but I want to assure you that the exact opposite is true when you state that Gekko are not taking this situation seriously. This situation has taken over my life, reduced my bank balance to zero and damaged my previously good reputation as a property sourcer and on a personal basis. The labour intensive work entailed in trying to ensure that all investors are refunded has rendered my current earnings to nothing because I have neglected my own business to concentrate on this very serious matter.

A lot of investors are aware of the real situation here and what I am doing on their behalf but because the developments in this whole saga has become so public on so many forums over the past months, I may be guilty of overlooking the fact that some investors may not be so aware. I apologise for this, but there are only so many hours in a working day and though my working days are usually 12 to 14 hours 7 days a week, I am still severely limited to how many calls or e-mails I can return, whilst devoting my time to dealing with properties forwarded to me by Chris Long so that I can carry out diligence on them and - hopefully - find ones that are viable enough to attract buyers so the eventual proceeds are utilised to repay yet more investors. This is not spiel, it's a fact. Last week myself, Marie and Chris our foreman  builder travelled to Lancashire to inspect  23 properties which Chris Long had sent over to us and which he could acquire subject to them stacking up. Me and Marie had already spent 4 days doing the paper diligence but when we inspected them we found they were all in very poor condition and over-priced despite what the vendor had assured Chris Long. We did not get home until 2 am from 8am. An exhausting 18 hour day and all for nothing, but this could have paid off and it would have been another lot of money from Chris Long with which to repay people with. I have no choice but to do this if I am to ensure that investors get repaid because, though Chris Long undoubtably does have contacts for BMV properties, he has neither the skill nor resources to effect true diligence and sales, and the profits from sales are the only means with which investors will get refunded. Incidentally, I have elected to take on this considerable workload without pay, because I want to ensure that investors do receive their money back as soon as possible, so I am at the back of the queue for what is owed to me. 

As far as refunds go - investors who have still to receive their money back can be forgiven for assuming that no one has been refunded so far because of the fact that the only responses to their public queries of who has been refunded are from other investors who have yet still to be refunded.  So far, I have personally refunded over  £100,000 - some of it from my own pocket and because I am now sick and tired of being made out to be a liar about the refunds - and other facts of this case - , I reproduce the facts below:

REFUNDS Made By Gekko:

PaulC:

Hi Jay, 

Myself and my business partner were interested in some of these portfolio's offered by Gekko, with Chris Long's name on top of the spreasheet.  We submitted detailed requests several times as part of normal DD, and got no response from Roger on numerous occassions.  Considering we were looking at handing over £1m plus and had done a fair bit of work looking into these porfolio's, very amateurish indeed.  Told us everything we needed to know  about them, as in they would only deal with novices ready to hand over fees no questions asked. We now delete all emails from Gekko immediately. No point wasting any more of our valuable time. 

Really hope you get your money back, but suggest you do likewise in deleting from now on.

Good luck.

 Kind regards, Paul.

Hi Paul,

You can call me amateurish mate, though the reasons I may not have responded to you have been well  catalogued on these forums, but do not insinuate that I only wanted to deal with novices because they would be more likely to 'hand over fees no questions asked' as if  I was a scamster because I'm not one and you don't even know me so why are you being so personal? I have been a successful BMV property sourcer who has delivered excellent deals to hundreds of clients far longer than I have had my reputation besmirched by this mess and my clients are at all levels of investing from 'newbies' to several seasoned High Net Worth clients of long-standing.

Incidentally 99.9% of my clients are supporting me and will continue to  be my clients once this mess is over and I can devote my time to - once again - sourcing some of the best deals out there. 

Roger  

Roger 

You have my unreserved apology. 

I had no idea of what you had going on, so was just pis*ed off analysing a load of deals only to get no response having wasted many hours.  After above post, put 2 and 2 to get 5 and won't be so quick to jump to conclusions next time.

I can obviously see you had more pressing things on your mind, and seems you're having a complete nightmare at the moment.

I hope you manage to get it all sorted.

Best of luck and sorry again.

No problem Paul. I understand mate and I'm genuinely sorry I did not respond to you but in light of what has transpired perhaps it's a Godsend.

Roger 

Paul,

you should consider yourself VERY lucky mate.

I, as well as many other people have been owed money by Gekko Properties and Chris Long for months.

I have no investment to show for the money i invested, but i do have a loan i have to pay off due to the fact that i borrowed the money i paid out for reservation fees, not to mention charges for being overdrawn, etc....and the unfair effects on my family.

Still what can we all do, walking away from the money owed is not an option, so i have personally taken some steps to get my money back.

I have served Roger from Gekko with a statutory demand, which i intend to see through to the bankruptcy petition if i have to.

By the way, just so you don't accidently do business with the wrong people, i believe Gekko are now also offering deals under the name of "the mortgage person"

I do have one small dilemma though.....i hate the idea of Chris Long taking all us investors' money and simply keeping it in return for not providing any service to us!

I am currently rounding up other investors who have had their reservation fees taken months ago, but refunds not paid to them, and want to sue Gekko and Chris Long, or get on a creditors list following bankruptcy proceedings.

I am currently looking for a couple more investors to make the number up to 10, as this will keep our legal costs to a very manageable level, so if you know anyone else who has been ripped off please let me know. With enough people involved in the legal action, the costs will be low enough to ensure justice is DONE, wether we get our money back or not.

Yes, please contact me on this - I have lost money to them too - David Mason, foxwoodpi@yahoo.co.uk

Thanks

David