WBFI Trading is a scam that relies on cold calls from Central Europe: WBFI Trading (Wealth Builders Financial International Trading? The word Trading is NOT on the state incorparation website and not used on the incorporation title in Florida but merely placed on the EU website to impress) a so-called precious metals advisory firm is bankrupt. WBFI's president and owner Judy Jackson is an experienced "loader", a sales term for someone who takes an existing client and tries to induce them to buy more. She is well known in the seedy telemarketing and cold call sales industry. Jackson previously dealt with shady stock sold in Spain, Costa Rica or Florida. She has a registered business in the state of Florida under the title of Wealth Builders Financial International. She has recently branched out to the EU and is now located in Budapest, Hungary where Jackson has created a clever shell game of fraud and deception, selling gold and silver to the UK and the EU. Wealth Builders is also a registered business in Hungary. One of the main reasons Jackson left the United States was to avoid criminal prosecution for fraud. She had previously worked at Livingston in Budapest a company dealing with with IPO stocks. The company was shut down by the Hungarian National Police for fraud, the owners are now in custody in Budapest, awaiting trial. Jackson fled two weeks before Livingstone was shut down to avoid prosecution. Jackson also worked at Rhino Commodities in Barcelona, Spain, which was sanctioned and fined by the British FSA for cold calls and fraudulent activities. Rhino has since closed their offices in Barcelona. Jackson is now using this website to sell from the EU at: https://www.wbfi.eu/
The owner Judy Jackson is a con artist and has gone through a number of partners and employees: cheating them out of payment and profits, promising generous commissions, salary and then giving only half of the promised commissions or nothing at all. One former partner had several real estate projects, mostly fraudulent ones. Gabriell Jarrod (one of many names he uses) wanted 50% of the business based on his leads which were worthless. The leads were free downloads from real estate lists: agents, property investors etc. One scam involved a Romanian property development getting clients from the UK to invest, take the commission from the sale and claim that all was well and the development was proceeding as planned. The Romanian property owner would take the money but not build anything. Amazingly no one ever checked to see if they were building the development. Apparently the Romanian partner claims that all the money was in his wife's name and she has just died. His property rental and real estate business in Hungary was failing due to the economic world recession and he thought he could hustle his way into the gold and silver market by promising good leads for free to Jackson.
Starting in January 2008, to replace her former partners and his employees Jackson has imported and surrounded herself with friends and street people, some from the USA. One big black guy they brought in from Philly, was abusive and crazy. Derrick would go out and smoke pot and crack and come back in and try to close deals, coming into work at her home so drunk, he collapsed in the couch for half the day until one of the owners caught him sleeping, apparently passed out for hours. Jackson questioned Derrick but wouldn't fire him as WBFI needed his skills so desperately. Jackson is being sued in Budapest, Hungary as she does not pay her landlord or bills. Jackson rents a large home, pays the first months rent and deposit, she then refuses to pay anything further, claiming that their is a problem with the plumbing or the Internet connection will not work, stays five or six months until the owner files suit and forces her to leave the residence and then moves on, repeating the procedure so she can rent an expensive home in the hills at a discount or as Jackson states, "almost for free".
The first week in March 2008, WBFI supposedly had $700,000 in excess equity or profit from our clients accounts (the book). The owner previously only dealt with gold and silver, Jackson then decides to go into platinum and palladium, when it had peaked in price due supposedly to an electricity shortage in South Africa. She then convinces all clients to change from gold to palladium, Jackson claims that she is not even charging a commission for the service. Interesting in that the first pitch we used to get clients in, was that WBFI only charges a one time fee. However, in the disclaimer/risk disclosure that is sent the fine print states that WBFI charges a 15% commission every time a transaction is completed, to include loads and rolls. Palladium is a thinly traded metal used in the auto industry, the day after she convinces all her clients to change metals from gold into palladium, the metal loses over $200 an ounce. Her economic genius is astounding, in 24 hours she loses over a million dollars, putting every client into margin call or so she claims.
The Real Story
Jackson business in Hungary is failing and she needs cash flow. JACKSON claims the first week of March 08, on a whim..... that she is taking all the UK accounts from gold and silver, to palladium, a metal I have never heard of. (Note: she claims that the three US accounts are not interested in changing metals.) I suspect, that Jackson proceeded to cash in on the profits from her book, put in a sell order with the clearing house, took the proceeds and deposited it in her US account, then probably transferred the proceeds to an off shore account. To cover the loss of equity, she comes up with this wild scheme, to all of a sudden buy palladium? Jackson knew palladium would fall, I do not think she thought it would crumble that quickly. She is also an excellent actress and a practised liar, swindler. Jackson claims to all her clients that she made a mistake and NEEDS MORE MONEY for margin. But she will make them more money on the new investment, millions.
Jackson claims that she is NOT charging to change metals for the palidium trade in March 08, no roll fee, Jackson never does anything without charging. With all the talk of profit, I sure never saw any, for anybody!! Mysteriously after all this talk of the hot new metal that will peak and make huge money, the next day, the very next day, within 24 hours, palladium tanks. Why only UK clients and not US clients. US clients could take legal action. Although you would have to serve Jackson in Budapest, Hungary to sue WBFI. US clients could check as to where the money actually went with the clearing house. US clients could still sue the clearing house in Florida and or go to federal law enforcement. The UK clients have limited recourse and would have to travel to the US to sue. They could try to sue in Hungary but her assets are based in the US and off shore, so even if they won the law suit in Budapest they could not collect any judgements. Trading in metals is NOT covered by the British FSA, only stocks and options.
Jackson claims to be under heavy stress and suffers from migraine's. Jackson hired a private Hungarian doctor to give her injections of so-called vitamins or cocktails, because of her supposed medical problems. Jackson claims that she is constantly vomiting blood and suffers from stress headaches. I have never seen her hospitalized, she has her partner Blair simply call the doctor and then gets injected with Morphine or Seconal. Some injections were a mixture of Demerol and other strong narcotics, that knocked her out for the evening and the next day. I worked in her home and was asked to stay late to do evening calls to the UK. When I was ready to leave I saw Jackson on the living room couch and her pants or skirt lowered and the doctor injecting her with a large syringe. I also found many needles in their home and she claimed to be a diabetic. I also found wrappers with a tarry black substance, many containers for Xanax,Valium as well as Perkaset, all being prescribed by the Hungarian doctor.
Jackson gets around many laws by transferring her UK accounts to her US banks and metals depository, where legal action to reclaim client losses is harder to locate as they have to file suit in Florida and not Hungary. The US clients funds are put in a Hungarian account, so if legal action is sought they have to file suit in the EU. Jackson employs a metals depository in Miami, Florida called Capital Asset Management, which is operated by a Cuban who uses the street name of Carlos. My understanding is that Carlos gets a lot of his funding from the Floridian Cocaine trade. Her former US website at http://www.wbfi.com/ has been discontinued and the web address is for sale because of her legal difficulties in the United States where she can no longer openly conduct business.
Jackson has lost all the profits from the gold and silver. In the middle of March 2008 thanks to a huge influx of cash from the US government and a slightly improved US economy, due to speculation that the government will put more money in the market place and give generous tax refunds. Oil tanked and so did gold and silver over a week long period in March 2008. Because of these factors WBFI has now lost value with the remaining gold and silver which has gone into margin. Many of Jackson's remaining clients can not make margin due to the heavy losses already sustained. Almost all have lost their entire investment, total 6 million dollars from over 30 clients. Apparently with the metal that is left, she has cashed out all the client accounts and split, closing her doors............ Setting up another phone room in another office in Budapest. The owner took the Easter holiday as cover to close the accounts, not pay the employees and take off.
Ms. Jackson and her crew are looking for new clients to build a new book. Whatever you do, do not do business with this firm. My best advice if you want a safe investment, keep your money in the bank. The United States Embassy in Budapest, Hungary has been notified of WBFI's activities as well as the FBI who regulates the gold and silver bullion market in the United States where the bullion from her firm is supposedly held.
