TONY HETHERINGTON: Back in business... gold firm boss with a VERY shady past
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Tony Hetherington is Financial Mail on Sunday's ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. What could possibly be worse than discovering that the trusted top salesman at a multi-million pound gold investment company is using an alias and has a dodgy past? Well, how about the fact that the owner of the same firm also uses an alias and has a dodgy past!.
Two weeks ago, I revealed that salesman Clive Lindsay, of Solomon Global Limited, is really Clive Mongelard, whose record as an investment scammer dates back over a decade. He is banned by the Financial Conduct Authority from working for any firm it regulates.
Two days after The Mail on Sunday's report appeared, Solomon Global's managing director Paul Williams wrote: 'Thank you for bringing the issues surrounding Clive Lindsay to our attention through your article. 'We take these matters seriously, and as a result we have terminated Clive's employment.' So far, so good. But a closer look into Solomon Global, which sells gold coins as investments and had a turnover last year of almost £14 million, found surprisingly little at first about the background of its shadowy owner, Scott Wilson.
Company records show that last January he acquired a more than 50 per cent stake in the business, and Solomon Global told Companies House that while he was not a director himself, he had the power to appoint or dismiss directors to run the business for him. Since then, Wilson has boosted his stake to 75 per cent or more.
