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[Resolved] Ricky Norman/CPMS Global Pty Ltd / Bank Instrument Paid For But Not Delivered

1 Perth, Western Australia, Australia Review updated:
Contact information:
Phone: 0061409114547

We financed over €215, 000 of fees for a client who has lost it all to Ricky Norman of CPMS Global Ltd and his associated companies Altofin BC Ltd.

His lawyers now refuse to respond to correspondence.

He took the money in return for sourcing and monetizing a Bank Instrument. Nothing was sourced or monetized.

I expect to recover my fees from my client but feel sorry for him as he appears to have been the victim of a professional fraud. The Police and authorites in the UK and Australia are investigating but in the meantime I would strongly suggest that you part with no money to this individual or any company associated with him as there is a very high probability you'll lose it.

If anyone else has suffered a similar experience please contact us and indicate whether you are happy to speak to the Police about it

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Comments

  • Sc
      3rd of Jun, 2011
    0 Votes

    Our firm has worked with Ricky Norman and CPMS and have closed three very successful transactions with CPMS.
    I am not sure who your "client" is, but it is my experience that if you are going to make a complaint about someone, you should probably back it up with your proof of evidence or at least your name! It is very hard to take anyone seriously when they hide behind fictitious internet monikers!

    If you are going to attack an individual's livelihood, at least have the courtesy to let them know who it is that is initiating the complaint so they know where to go to address the "defamation of character" law suit!

    For those who are reviewing this site, you will find that Ricky Norman and CPMS have no outstanding issues or litigation with either the UK authorities or the Australian Federal Police. How do I know this? Before our firm engaged CPMS, we had our lawyers conduct a due diligence exercise on Ricky Norman and CPMS to confirm their veracity. We were informed that there was a complaint made to the UK authorities about a "claim" of fraud. We also discovered that the UK Police DID investigate and found NO evidence of fraudulent activity conducted by CPMS or Ricky Norman. The case was dropped and we went on to close three transactions with CPMS.

    If you are reading this, please feel free to contact me and I am quite happy to give you a glowing report about Ricky Norman and CPMS. They have not only funded two major projects we have in India but have also been able to provide capital for several humanitarian initiatives we co-sponsor.

    Scott M.
    +61 400 042 494

  • Lo
      3rd of Jun, 2011
    0 Votes

    We are very shocked to see this spam attack on CPMS having worked with Mr. Norman on several deals we have found only 100% transparency and honesty on all issues. One has to beg the question can someone just post a comment about another and try to damage reputation i thought that was what courts were for and the only one that as far as i can see that should be in court is the one making scandalous statements.

    In regard to our initial DD on CPMS over 2 years ago it was confirmed to our group by 3 major international banks of the excellent relationship they had with Mr. Norman, and i am aware that this is still the case today.

    Our international auditors PWC still rank CPMS in the highest regard within the field of project finance and i would like to note our gratitude to CPMS on being successful in 4 projects to date that would most probably never of been financed without there interjection.

    Our group works very closely with a number of Governments and to this end CPMS have been accredited in Spain, Italy, and the UK on work to date. So the above spam beggars disbelief that such comments should be quoted on the web, this is the problem with free speech to many ###s talk a load of nonsense.

  • Bg
      8th of Feb, 2012
    0 Votes

    I have no experience working with the above named persons but I would like to warn anyone considering project finance by means of monetizing a bank guarantee or Standby Letter of Credit that has been leased.

    There are three stages of these transactions. First, the collateral used to raise the guarantee is secured. Second, the collateral has its return guaranteed (hence the ‘lease’ situation). Lastly, the instrument is issued and monetized.

    The first and last stages are easy to accomplish and there are plenty of companies offering these services. The problem is the return guarantee is only possible when the project could be financed without a leased instrument in the first place. So unless you need the association with a big name company (for an IPO or reselling the investment) or need to disguise the origin of funds (hostile takeovers) then you don't need a leased instrument and will probably lose any fees you paid for the service or end up paying your bankers more than you needed to.

    They are not really scams or frauds as the companies can deliver on their promises. But they are often missold by brokers who don't know what they are doing and are attracted by the high commissions and don't realise the onus for making the transaction works lies with them and their client before it is too late.

  • Jo
      6th of May, 2016
    0 Votes

    Gil Olguin OCS American Capital works with Ricky Norman and has been involved in numerous scams to fund bonds and create profits from and through trading platforms in London, Asia, and etc. the New Mexico watchdog wrote an article about the scam Mr. Olguin was involved in. IF you see these guys coming to you and claiming to be able to fund bonds or to generate profits from trading platforms by using leased instruments be warned.
    http://watchdog.org/tag/gil-olguin/
    Gil Olguin was involved with the convicted felon Daniel Hendon in Arizona who use to own Danny's Family Car wash for which Olguin was to fund revenue bonds. Mr. Olguin never delivered any bonds and his purported bond buyer was none other than Francis E. Wilde a named fraudster by the SEC
    http://www.leagle.com/decision/In%20FDCO%2020121219C77/UNITED%20STATES%20SECURITIES%20AND%20EXCHANGE%20COMMISSION%20v.%20WILDE

    Lawsuits are now pending in Arizona and California against Mr. Olguin who is a named defendant

    Ricky Norman knows and works with Mr. Olguin and in fact was working with him on the transactions outlined above.

  • Ri
      17th of Feb, 2017
    0 Votes

    Scott M has never closed a transaction with Ricky Norman, since Ricky has never closed a deal, this is a fictitious report. Here is the real deal about Ricky

    Where do I start with this Pathological Liar by the name of Ricky Shane Norman, Australian, Passport Number  [removed]?
    He needs to be avoided at all costs. The company name he currently uses is:
    UEP AUSTRALIA Perth Office, Level 18 Central Park Building, 152-158 St.Georges Terrace PERTH, WESTERN AUSTRALIA. 61 8 9288 1880
    Email address:  rn@uepgroup.asia. Ph; 61 409 114 547
    Don't be fooled by his banking knowledge. The smooth talking, blaming all others for his failings to deliver, also refuting the write up on the various scam sites that has his name listed, he is a great story teller while trying to get you to invest with UPFRONT $$$ promising that he can lease an instrument, which you’ll NEVER receive a copy of, as there is NO transparency with this person, NOT advised on one site where the writer going by the name of Scott says he is totally 100% transparent and has successfully closed several deals with RICKY SHANE NORMAN, all lies, the only funds he gets is from scamming potential clients.
    The well rehearsed and proven story he puts across; He tells you he can acquire a Bank security instrument IE. SBLC as collateral to secure a line of credit "LOC" and will provide you with a cash advance from the LOC than have the balance placed into trade where you will receive huge profits. This man has scammed many hundreds of thousands in $US from potential investors "I know of THREE such investors" that provided the above $$.  I am sure there are many more out there that are too embarrassed to come forward or still believe he will be successful one day, these investors have not received ONE CENT in return for their investment.
    He will always communicate with you at your request until the advance funds are paid then communication and transparency ceases, all you will receive from then on for years, yes years is excuses, the reason he keeps some contact. No transparency of backing up what he says is to encourage you that a deal is still happening and stay with him simply because he is very afraid of more write ups on the Internet that will will make even harder to explain the existing ones. With a very smooth tongue, he will tell you that he was the “victim” on the scam sites. DON’T BE FOOLED BY HIM as many before you have, HANG ONTO YOUR MONEY.
    He dazzles you with “B.S” of dollar signs to get you, to hand over your hard earned money. Once you send the money to him, then his true colors come out and you can kiss your cash away. You never get a hard copy of the instrument you have paid upfront for. He claims he travels to numerous meetings, then the excuses come, that is if he even communicates with you at all.  It takes weeks sometimes months to get answers from him or to receive one of his lame lies, not to mention when he says he’s travelling to different countries, which is just more of his factitious stories.  Then he’ll tell you, he is spending all this money to travel for all of these meetings but really your money is used to pay for his jetsetting lifestyle.
    Be very weary of Ricky Norman, because he is currently under surveillance with the Authorities, if you come in contact with him, contact your local Authorities or Interpol immediately, to prevent anyone else from succumbing and being defrauded by him

  • Ri
      17th of Feb, 2017
    0 Votes

    this is the guy here

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