Churchills, a Karl Goldthorpe run company filed for liquidation last year. Many investors lost money in what has been described by a top city solicitor as "an obvious large scale fraud". This blog is designed to inform other victims and interested parties in the sorry history of this affair. We would also like fellow victims to post their own story, as a comment, so that there is a single site with the whole story presented.

Friday 19 June 2009

Paul Wade

We have been told that Paul Wade (ex financial director of Churchills) is now involved in another company: Island Debt Management. Perhaps he is offering advice to the hundreds of decent folk who have lost tens of thousands of pounds due to his fraudulent activities with Churchills.

But seriously how can this con-man be allowed to keep trading in the financial sector when he is under investigation, by the Police, for large scale fraud?

24 comments:

  1. Though undersranaable in this disgracful affair, one must be careful about assuming that all connected parties have been complicit in fraud (and such comments could be liabelous). The facts are that investigations into Wade were from an accusation made to the police by no less thas Karl Goldthorpe himself and they have now been dsmissed. Wade's role seem to be largely at the UK end of the business which maeks it plausible he was not fully aware of the activities of KG and others. The investigation was disclosed by Wade to the Financial Services Authority which he remains authorised by.

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  2. How is it that fraudsters can set up other companies dealing with other peoples money

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  3. It seems hard to believe that Mr Wade was not aware of the activities of KG and others,because when you phoned the Office it was Mr Wade that that you were put in contact with to discuss your needs.
    The fact that he has just purchased a £250,000 Villa in Spain and a £75,000 Boat,it seems rather suspicious that he is spending all that amount of money at once,perhaps its a way of getting rid of his ill gotten gains to worm his way out of trouble.
    The fact that he is able to set up a Debt Management Company while being investigated for fraud REALLY TAKES THE PI.....

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  4. I'm not so sure about being put in contact with someone at an office makes them part of it. It's a bit like blaming the manager you speak to at a bank for the recent credit bodges. The point is that association with fraudsters or the fact that someonse has made some money (evidently including uncconected sources) doesn't automatically imply guilt. The point is that the investigation into Mr Wade (which he fully cooperated with) was implied in the discussion to link his guilt whereas it was something he was exonerated of. The most that can be said is that Wade was not diligient enough to chack what his co-directors were up to. Everything else is a spurious assumption unless proved otherwise. And for the record I am not related to him nor do I have any interest in Mr. Wade's current business.

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  5. B**LL*CKS Mr Wade!!

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  6. If Mr Wade was not diligient enough to check on his co-directors it begs the question (IS HE DILIGIENT ENOUGH TO DEAL WITH OTHER PEOPLES FINANCES)

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  11. Im still waiting for information relating to Canada projects and for the police to respond to my phone calls.
    What about all the other people involved outside the uk and how does the police intend to bring this to court again.
    I understand that the court case has not been dropped but is still being investigated by the police.

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  12. While Mr Wades co-directors are having to sale vegatables to make a living,he is stil dealing with peoples finances in debt management is that taking the p--- or what.

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  13. What action are you guys taking I see alot of talking but I have a vast amount to recover I also hear that the Fraud squad are still preparing another case about Churchills.
    I have advised my solicitor to speak to the people concerned and await his feed back.
    I also undersatnd that it is KG who has taken out the action against PW so were do you get or the incorrect information from.

    Speak up or shut thats my moto

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  14. well its nearly D day - on the 2nd June Karl Goldthorpe, Paul Wade and others will either be charged or whole case dropped

    watch this space !!!!!!!!!!!!!!!!!!!!!!!!!!!!

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  15. How can the case be dropped is that due to lack of evidence ????

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  16. police only had certain timescale for the bail so they had to charge or let go, instead of this, the police applied to the court for more time which was unexpected, they were granted this and therefore all bastards have been rebailed till dec 10 - packed courthouse i can tell you - look at the other postings (the one with the most posts) as it is more up to date than this one

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  17. They may think this is all over and have got away with this theft/Scam, but things are going to start to bring them to justice, can't say much more.
    See you Goldthorpes coming to justice soon! Don't give up that easy, not when it was inheritance where I lost out to you. Enjoy the ride!

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  18. Has anyone ever met Paul Wade's EX wife Leanne? What a dog she is, the local bike i've been hearing. Drop her kecks for anyone. Dirty old slag. She looks about 60 too and she's only about 48.
    I hope you all get your money back from the courts to those who lost money. I decided not to purchase once i spoke to Karl, what a fat twat he is. I found Paul Ok and very professional when he was conducting business to me.
    Good luck to you all.

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  19. Paul Wade is now a letting agent:

    http://www.thelettings-centre.co.uk/

    Phone:
    01983 810793

    Email:
    info@thelettings-centre.co.uk

    Office:
    16 Cross Street
    Ryde
    Isle of Wight
    PO33 2AD

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  20. ISLANDERS BEWARE........Paul Wade & Ryan Nordell have just opened up THE LETTINGS CENTRE in Ryde on the Isle of Wight, which was advertised in the IW County Press this weekend 13/04/12..... Would you really want them to be in charge of your properties/ Rents / Tenants....

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  21. His ex Claire was a bit of an old dog as well!!

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  22. I was scammed for 18k and the police did nothing, I just told them straight that I would go around to thier house and open him up like a tin of beans! Got my money back within 48hrs. The guy is a pussy!

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About Me

We are a group of three investors who have lost money to the Churchills fraud. This blog gives background information about the fraud and about action being taken against the perpetrators