Busted ! Truva Trustee, Bedford Row Capital & NQ Minerals hidden lifeline
In a shocking turn of events, the victims have been rocked by revelations of misconduct and fiduciary failure involving Truva Trustee and its CEO, Alper Deniz. A detailed investigation has exposed a series of unscrupulous activities that have left many investors, particularly retirees and expatriates, unpaid and misled.
Among the various allegations, one instance stands out where Alper Deniz was caught in the act of fiduciary misconduct. Evidence shows that Deniz, serving as the trustee for the bonds issued by NQ Minerals PLC through several Special Purpose Vehicles (SPVs) including Invenio Capital, Audley Funding, and Al Waseelah, failed to disclose crucial information. Notably, one of these SPVs, Al Waseelah, a Shariah-compliant instrument, continued to generate profits in 2023 even after NQ Minerals was put under administration in 2022.
The Scandal Unfolds
The initial signs of trouble began in August 2022 when NQ Minerals PLC was put under administration. The company, which had issued bonds through Bedford Row Capital with Truva Trustee acting as the bond adviser and trustee, saw a significant financial collapse. As a result, a large number of creditors and investors found themselves without their expected returns.
Despite the mounting financial distress, an extraordinary resolution proposed by Truva Trustee sought to defer interest payments, declare an Event of Default, and recover funds from the NQ Minerals administration process.
The trustee’s public statement “The Trustee has proposed an extraordinary resolution to approve the deferral of interest payments due to Noteholders, declare an Event of Default and seek recovery from the NQM Administration process. The resolution aims to address financial challenges related to the Hellyer Gold Mine project and its refinancing. Noteholders’ approval is sought for these actions.”
Al Waseelah Plc Issues First UK Corporate Sukuk – Company Announcement – FT.com
Concealment and Deception
In order to hide this information to the general public, Truva Trustee, along with Bedford Row Capital, avoided mentioning NQ Minerals PLC in their public statements, instead referring only to the ISIN code (ISIN – GB00BK4PG791).
This deliberate confusing action information prevented the public and the investors from realizing that NQ Minerals was still capable of generating profits, thus evading scrutiny and maintaining a facade of transparency.
How the Scheme Worked
The scheme orchestrated by Truva Trustee and Bedford Row Capital was intricate yet effective in masking the ongoing profitability of NQ Minerals:
- Selective Reporting: By exclusively using the ISIN code in communications, they diverted attention from the actual performance of NQ Minerals PLC.
- Disguised Profits: Al Waseelah, being a Shariah-compliant instrument, continued to generate and pay out profits. However, these payments were not disclosed to the public or the investors who were left without their returns.
- Fiduciary Failure: As the trustee, Deniz had a legal obligation to act in the best interest of the bondholders. Instead, he concealed the profit payments and seemingly diverted the benefits to only himself and Bedford Row Capital , along with NQ Minerals PLC.
The Aftermath
The revelation that Al Waseelah continued to pay dividends while other investors were left high and dry raises serious questions about Alper Deniz’s fiduciary responsibilities. It appears that Deniz personally benefited from the ongoing profits of this unnoticed investment, all while failing to disclose the existence of these payments to the affected creditors and investors.
Seeking Justice
If you’re a victim of Truva Trustee or a victim of Bedford Row Capital’s schemes, don’t stay silent. Report Mr Alper Deniz the CEO of Truva Trustee to the appropriate complaint channels or any regulatory body you are aware of.
Regulatory Bodies to Report To
- Financial Conduct Authority (FCA)
- The Insolvency Service
- The Financial Ombudsman Service (FOS)
- The Serious Fraud Office (SFO)
- Complain about a solicitor | The Law Society
- Complaints against solicitors and other lawyers – House of Commons Library (parliament.uk)
- SRA | Reporting a solicitor or firm to us | Solicitors Regulation Authority
Regarding https://veridicus.org/begbies-favorable-deal/ just been advised by the insolvents Begbies Traynor that You have provided a link to an unsubstantiated source,…
Bedford Row Capital and Alper Deniz Keystone Truva, or whatever they may call themselves, appear to be nothing short of…
Alper deniz is a fraud !!
Alper Deniz is a coward, a hypocrite, and full of utter bollocks.
Scott Levy and Stuart Gordon have been deceitful since early business.and Alper Deniz is no exception. I discovered Alper was…
Merle on alati olnud nii usaldusväärne. Raske uskuda, et ta võiks midagi sellist teha
Kui see tõesti on tõsi, siis see raputab usaldust tema vastu täielikult.
Kas olete kindel? Merle ja pettus? See tundub täiesti uskumatu.
Ma ei kahtlustanud kunagi, et Merle Liivand võiks olla seotud selle süsinikukrediidi pettusega
Viimasel ajal on palju juttu olnud Merle Liivandi uuest projektist, mis keskendub ESG investeeringutele. Ta on ju nii tuntud oma…
Scam alert! Alper deniz is one of the mastermind, Scott Levy and Stuart Gordon are also fraudsters. Bedford Row Capital…
£50K Lost on this scam Please can we not do something ?
Hi Very interesting ..he took £50 K off me and despite over 30 call/emails etc …nothing ! Please can we…
I apologise. This seems like the person. https://imagevault.cloud/3M40VR
At 75, I’ve seen a lot in my day, but this fraud has left me completely gutted. My pension, which…
FCA website: https://www.fca.org.uk/contact#contact-form
“Cet article de Veridicus explore en profondeur les secrets entourant NQ Minerals, révélant des informations essentielles jusqu’alors cachées. À travers…
bedford row capital and alper deniz are all nothing but fraud, they sued by many of their investors.
They all scammers. Sad part is these scammers are pretending to be the good guys who cares about carbon credit…
I believe begbies also need to be held accountable for letting these fraudsters a deal. begbies was sued by John…
Professor Lisa Wilson’s company , Zero13 seems to have a very strong relationship with Bedford Row Capital and Alper Deniz.…
Of course it’s all fake. There’s nothing real about him and his cabal. Scott Lev was conman in then, and…
is this real ??? so nq minerals still in operation? I can’t believe this, I will sue begbies traynor, bedford…
I have lost all my retirement savings because of these fraudsters. I thought I would be able to live off…
I saw that Scott Levy got himself called Dr Scott Levy. I couldnt find any PhD from him. It is…
The face of a liar and fraudster… how proud your family must be to have you as a father, while…
The face of a liar and fraudster… how proud your family must be to have you as a father, while…
Indeed. Let’s see if Professor Lisa will do the right thing or go down with it. I am certain that…
Good people must not only distance themselves from unscrupulous actors but also report them. Germans just “walking away” in the…
Ekthesis, These fraudsters background are all lawyers by nature, and they know how to get away with it, especially since…
Refer to the reply to Roman Manna. Professor Wilson like many others before her have been dupped, by Levy, Gordon,…
Professor Lisa Wilson is, and is well respected globally, as a person of utmost integrity, and global pre-eminence. It is…
Possible to share some info about Lisa’s role ? these scammers need to be put behind bars …
Scott Levy and Lisa Wilson are the ringleaders of these ponzi schemes. John is right, BRC was just “acquired” but…
SCOTT LEVY, ALPER DENIZ, STUART GORDON THEY SCAMMED RETIREES !!!!!
What other scam these scammers promoting in Estonia ? Yes, they have to be in jail. Daniel Levy is Scott’s…
That Daniel Levy has scammed half of Estonia. He should be in jail.
scott levy and alper deniz need to be held accountable. I’m so shock reading this article !!!!!
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Alper deniz is nothing but scammer, he and Scott Levy distribute the bond to our network of investors, stating the…
They all scammers. Scott Levy , Stuart Gordon and Alper deniz are all the culprits behind this fraudulent bond investment…
Alper deniz is nothing but a fraudster. I’ve reached out to him several times in the past as he was…
I used to work at brc for quite sometime, and I decided to leave the company, due to this fraudulent…
These fraudsters must be held accountable !!! They promoting fraudulent investment since day start operating in Luxembourg, then move to…
We tried to report BR to the Financial and Legal UK Ombudsman with no success
This plus the English regulators and sales points are so weak and toothless. When investors are able to identifying inappropriate…
Shouldn’t the trustee be assisting the bondholders? Or is he just another swindler like the rest, I wonder?
#UKInvestmentScams #FraudAlertUK #ScamAwarenessUK #InvestmentFraudUK #UKScamPrevention #FinancialFraudUK #ScamWatchUK #ProtectYourInvestmentsUK #FraudPreventionUK #UKInvestorBeware #AvoidInvestmentScamsUK #SecureInvestingUK #ScamSmartUK #InvestmentSafetyUK #UKFraudWatch #InvestmentSecurityUK #StaySafeInvestingUK #ReportInvestmentFraudUK #ScamProofUK #UKFinancialSecurity…
I invested my hard earned money, as I was assured that all bonds from Bedford Row were secure. However, it…
Despicable conmen. Making UK financing laws look pathetic. What has happened to Interpol. Why are they beyond international law also…
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