Investment Scammer John Davies Reinvents Himself?
Summary: KrebsOnSecurity reports that John Clifton Davies, a UK man convicted on multiple fraud counts in 2015 who fleeced technology startups out of an estimated $30 million, is now posing as John Cavendish and heading a Northern Ireland firm called Hempton Business Management LLP. An investment broker recognized Davies' voice on a call and said he stumbled over which last name to use before reciting a script seeking minority investments of $5-20 million, avoiding Big 4 due diligence firms.
Bottom line: Hempton is a shelf corporation created in 2017 and sold to appear established, with its domain registered only in late November 2020 and its officers tracing to Hong Kong shelf companies and a Portuguese consultant listed in 313 active companies. The same due-diligence-fee playbook took dozens of startups for an estimated $30 million before, and the broker's account shows the script is running again.
Read the original at Krebs on Security ↗
- Topics
- Fraud & Scams
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