Watford Corp Review: Moderate effort Ponzi scheme
Watford Corp has one of the most god awful website designs I’ve ever seen.
The site disabled vertical scroll in favor of horizontal scroll, leaving the user with no idea what they’re scrolling into.
If I want to expand one of the scroll topics, a click is not enough. I have to sit there like a twat and hold down my mouse for what feels like an eternity.
Oh and of course back and forward button functionality is disabled (when I hit back I was redirected to a black screen).
Just… terrible.
Heading up Watford Group is supposedly Richard Watford.
Richard Watford however doesn’t exist outside of a bunch of press-releases uploaded in late November last year.
The photo representation of Watford (above) is a prime candidate for a stock photo or actor shoot. Watford appearing in at least one promo video suggest the latter.
Here’s an awkward clip of the actor playing Watford reading off a script.
In contrast to “Watford’s” clearly British accent in the clip above, whoever is actually behind Watford Corp doesn’t appear to be a native English speaker.
Here’s a verbatim example of the awkward language used in Richard Watford’s corporate bio (which is of course as generic as they come);
My name is Richard Watford. I am Watford LLC founder.
I managed to reach a success, but my long path was rather hard.
I finally managed to create a company, intended to help other people to avoid making mistakes by y trial and error, failure and victory.
Does Richard Watford, as represented by Watford Corp, actually exist? Probably not.
On their website Watford Corp claims to be “the largest holding company operating in the USA”.
Watford Corp’s website domain wasn’t privately registered until July 2019.
Here’s a list of some of largest holding companies in the US. Naturally Watford Corp isn’t among them.
Watford Corp also claims to have an office in Seattle’s Columbia Center (incorrectly referenced as “Columbia Tower”).
I highly doubt Watford Corp has any US presence. On the off chance they’ve put in minimal effort though, Regus offer virtual offices at Columbia Center.
In summary, pretty much everything presented on Watford Corp’s annoying as hell to navigate website is bogus.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Watford Corp’s Products
Watford Corp has no retailable products or services, with affiliates only able to market Watford Corp affiliate membership itself.
Watford Corp’s Compensation Plan
Watford Corp affiliates invest funds on the promise of weekly returns.
Watford Corp fail to disclose investment plans on their website. The following is from a Watford Corp investor circa late January 2020.
- NMW Energy Plan – invest $120.37 or more and receive 5.98% a week
- Goldmine BMD Plan – invest $117.91 or more and receive 6.1% a week
- EDV Recycling Plan – invest $122.83 or more and receive 6.1% a week
- Marijuana Diet Plan – invest $119.05 or more and receive 6.04% a week
Referral Commissions
Watford Corp pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Watford Corp caps payable unilevel team levels at ten.
Referral commissions are paid out as a percentage of funds invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 5%
- levels 3 to 5 – 3%
- levels 6 to 8 – 2%
- levels 9 and 10 – 1%
Joining Watford Corp
Watford Corp affiliate membership appears to be free.
Full participation in the attached income opportunity requires a minimum ~$117 investment.
Conclusion
Watford Corp’s investment plans correspond to imaginary businesses they’ve created.
Take Marijuana Diet for example, which supposedly operates from “marijana-diet.com”.
For starters we can see the Marijuana Diet website defaults to French. Bit odd for an American company with a British actor CEO no?
Marijuana Diet’s website domain was first registered in 2018. It appears to have been parked until late 2019, wherein the current website was uploaded (Wayback Machine).
Despite only having a website up for a few months and an Alexa ranking of 5.7 million (completely dead), Marijuana Diet claims to have sold 47,413 products and generated almost a quarter of a million dollars in profit.
Riiiiiiiiiigh…..t.
I didn’t waste my time looking into Watford Corp’s other bullshit companies because… well, they’re bullshit.
Beyond moderate effort to set up a terrible website and hire some fat guy from the UK, Watford Corp is your typical MLM Ponzi scheme.
Even if we indulge the “largest holding company in the US” narrative, Watford Corp’s passive investment opportunity constitutes a security.
Securities in the US are regulated by the SEC, and Watford Corp is of course not registered with the SEC.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Watford Corp of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
Update 30th September 2020 – Watford Corp has collapsed.
The company’s anonymous admins have pulled what appears to be a fake regulatory shutdown exit-scam.
Is it this guy?
fiverr.com/gavinduff
Nah, face diff. Also Welsh wtfbbq?
Watford is 100% scam, he was alone, could control 4 international companies, but there was no visible Team, Factory Location and Product at all.
why no one has followed up on this case. sorry for the investment will all get scam.
I completely checked this holding on all counts!
They are completely legal and reliable, if you have doubts, I advise you to check more carefully and you yourself will verify the reliability.
What on Earth did you check? Watford is an unregistered securities scam run by an actor.
You checked nothing. Sorry for your loss.
No, it was blatantly obvious in late 2014, when I reviewed OneCoin. There was only ever once source of revenue entering OneCoin, new investors.
Securities regulation didn’t change between now and 2014. OneCoin was illegal the world over.
You just paid some lawyers to pretend otherwise, and EU regulators are terrible at their jobs.
– This is solely your opinion, you are looking at the holding, not the site design, for me personally the site is something new and interesting, beautiful animation and very unusual and beautifully made
– And what do you say about the numerous interviews with Richard? He is also present at all joint-stock meetings.
Richard has a wonderful interview that has been translated into many languages, watch it. I am sure if you look at it you will delete your false article
– How can Richard not exist? He is quite a public person
– Watford did not claim to be the largest holding company.
He is quite successful and rapidly developing. But they are doing everything possible to achieve this and enter the list of the largest global holdings.
– They are officially registered and Google itself confirms this, they passed their verification and they were assigned a label in Google, you can independently verify everything yourself, all the necessary information about the holding is scented in the public domain.
– The owner of the holding is Richard Watfrord, and each company included in the holding has its own leadership, everything is open and transparent.
– You can purchase products of any of the companies, you just need to contact the manufacturer or the official distributor.
– Marijuana Diet is a Canadian company, the holding includes companies not only from America, if you had studied this holding more thoroughly and all the companies would have raised ridiculous questions
– SEC regulates the prices of securities that are sold on the stock exchange, and this holding operates on a completely new business model.
The prices of their shares are controlled by the securities department of non-exchange trading.
My conclusion
The author did not fully understand one holding company and its companies, or is it just a custom-made negative article from competitors.
I advise everyone to independently study the information, since there is a lot of misinformation in the media and no one except you will be able to find out the true truth.
And asking questions if you don’t understand something is good, just remember that information should always be obtained from several independent resources.
No, it’s a fact. And if an MLM company’s website is complete and utter garbage I’m going to say so.
The same as I wrote in the review. Why doesn’t “Richard Watford” exist outside of Watford Group marketing?
Please provide evidence of Richard Watford existing, as depicted by Watford Corp, prior to launch of the Ponzi scheme.
They did on their website. If they aren’t now that copy was removed after publication of this review.
And? Google is not a regulatory body.
So where can I see Watford Corp’s legally required SEC registration details?
Right. So as stated, Watford Corp has no retailable products or services as part of its MLM opportunity.
Had Watford Corp been registered with the SEC as it is legally required to do, I wouldn’t have to. All these shell company information would have been provided.
The onus is on the offerer of securities to provide information to the public.
Nope. Charles Ponzi ran his scheme in the 1930s. MLM + passive investment = security.
Either you’re registered with the SEC or you’re operating illegally.
And the only thing “new” about Watford Corp’s business model is they managed to find a Boris CEO without an accent. *slow golf clap*
Ponzi shill gonna Ponzi shill. Try harder scammers.
Watford Corp is headed by an actor, pretends to be based out of the US and is not registered with the SEC. That is all that is relevant here.
Competitors? Lawl. Ponzi shilling 101.
– This is not an MLM company, this is a holding in which there is an MLM component. MLM is now even in taxis and restaurants.
2. He gave a clear answer to this in his interview.
This is a person of age, he uses a smartphone only to make calls and to conduct all meetings only personally in private.
– I use social networks and other rubbish solely because of work, if my work was not connected to the network, I would not use anything other than telegrams and Watsapp.
– I will try to find and send you, a couple of months ago, one of my partners sent a link to his LinkedIn
– I did not see this information, I only say what I know and what I see
– I am sure that the holding and management do not even know about the existence of such articles
– Yes, but they are responsible for everything that they officially confirm, so they carefully check the financial structures before assigning them a label
– Call the Holding itself or write them in the mail and they will provide you with this information.
– As I said earlier this is not an MLM company, the referral system is everywhere, if there is a referral system in a taxi this does not mean that the taxi is an MLM company
– Once again I will tear myself up, call the holding itself or write to the mail and they will give you a detailed and legally correct answer
– They do not trade on the exchange. This is a new business model.
– I completely disagree how fraudsters can have registration since 2009 and be officially registered ?!
Call it what you want. MLM comp plan = MLM company.
What taxis and restaurants do or don’t do has nothing to do with Watford Corp being an MLM company.
That’s nice. Please provide evidence of Richard Watford, as represented by Watford Corp, existing before the Ponzi scheme launched.
A LinkedIn profile is not evidence of anything other than the creation of a LinkedIn profile by persons unknown at an unknown date.
Oh they know. Our review is why you have bullshit SEO efforts like thirty something astroturf Watford Corp reviews on Sitejabber appearing in the serps.
Google has no regulatory responsibility with respect to securities law in the US.
Why do I need to do that when I can look up the SEC’s Edgar database and confirm neither Watford Corp or Richard Watford are registered to offer securities in the US?
MLM comp plan = MLM company.
Whether Watford Corp “trades on the exchange” or not is irrelevant. MLM + passive investment opportunity = security.
Unregistered securities = illegal.
The Securities and Exchange Act was passed into law in 1933. Securities have thus been regulated in the US for almost 90 years.
There is nothing new about Watford Corp’s passive investment opportunity.
If you have evidence Watford Corp has been registered with the SEC since 2009, feel free to provide it.
You and I know it doesn’t exist because Watford Corp is a Ponzi scheme.
– The company is not MLM! They use a referral system for advertising and foresight.
-March 26 will be the opening of the official representative office in Kazakhstan, Richard will be there, ask him this question personally to him, I’m sure he will answer you
– Personally, I have nothing, I am one of the partners who studied this business and I am sure of its reliability, in principle, I just did not find out long ago that there is such a thing as Hypes on the network. Projects and Ponzi.
I earn half my life by buying shares in large companies and last year I decided to expand my joint-stock company via the Internet, since before that I had always worked offline and was surprised that very angry and incredulous people were on the Internet … I think that you yourself have brought yourself to such a life
– Yes, but they cannot register ponzi …
So how does it reduce confidence in them
– Watford Corp has no shares; you are buying shares not of Watford, but of its subsidiaries
– Then, by your logic, wherever there is a promotion, bring a friend is an MLM company …
– SEC is a commercial organization, there is no need to be registered
– Watford is working on a new business model
– Watford Holding shares regulated by Washington Securities Commission
– Companies included in the Watford Holding LLC
nmwenergy.com/ – He began working in 2008
goldminebmd.com/ – He began working in 2012
edv-recycling.com/ – He began working in 2017
marijuana-diet.com/index.html – He began working in 2018
The Watford LLC holding itself began operating in 2019.
And all documents and licenses you can find in the documents section prnt.sc/riwgj9
I like how they are “google registered”. Instantly cleared all my doubts.
MLM comp plan = MLM company.
Thank you for confirming you have no evidence of Richard Watford, as represented by Watford Corp, existing prior to the Ponzi launch.
Nobody’s registered anything. A Google Places listing is not a regulatory registration.
MLM comp plan = MLM company.
False.
There is no such thing as the Washington Securities Commission.
You’re not seriously suggesting an initial domain registration date = proof of anything?
NMWEnergy = reg last updated October 25th, 2019
EDV Recycling = reg last updated October 25th, 2019
GoldMine BMD = reg last updated October 25th, 2019
Marijuana Diet = reg last updated October 25th, 2019
Watford Corp domain = reg last updated October 25th, 2019
Watford Corp scammers bought a bunch of parked domains and set up bullshit websites on them.
These are not companies, it’s just your typical Ponzi pageantry.
I don’t see an SEC registration there, do you?
– Well, in your opinion, everything around the MLM company, I understood that, I see no reason to continue discussing this topic.
– I don’t have a habit of looking for people, it’s enough for me that he speaks in public
– Just look at the interview. Richard tells him where and how to find him.
-Yes, but real people or companies can not do it scammers
– Well, in your opinion, everything around the MLM company, I understood that, I see no reason to continue discussing this topic
– True, check it yourself
– How can it not exist if it is?
– Yes, sites have the property of being updated, since they should look modern, I think they decided to update the sites so that they would correspond to the holding’s site.
-I sent when which company began to work.
8. I don’t see an SEC registration there, do you?
– They do not need it, they do not trade on the stock exchange, this is a new business model, their shares are regulated by a commission in the State of Washington
That’s not even coherent English. Which is probably why you’re having such a hard time understanding MLM comp plan = MLM company.
I didn’t ask whether you had a habit of looking for people. You stated:
All I’m asking for is public documentation showing Richard Watford, as represented by Watford Corp, existed prior to the launch of the Ponzi scheme.
It’s OK, I know you can’t provide any because there is none. You can admit that.
You do know Google scrapes information from websites right? Google does no due-diligence with respect to business listings.
Again, Google is not a regulator. Nor is a Google Places listing a substitute for one.
Check what? That the SEC is not a “commercial organization”? How fucking stupid are you?
There is no such entity named the Washington Securities Commission.
The domain reg updates have nothing to do with websites being updated. October 25th is when Watford Corp’s admins bought a bunch of parked domains.
They then set up bullshit websites on them in order to convince gullible dumbasses that these are actual companies.
I don’t know if this is a lost in translation problem or what, but securities regulation of Watford Corp’s passive investment opportunity has nothing to do with the stock exchange.
I’ll be marking regurgitated nonsense that has been addressed as spam from here on out.
-Yes, I am not a native speaker of English, I come from Latvia.
– No, I just answered that Richard is a real open person
(Ozedit: Thankyou for confirming you have no information the character Richard Watford existed prior to Oct 2019.)
-Yes, but in order to assign Google tags (Ozedit: Google tags is not a substitute for regulatory registration. Derail removed.)
– SEC is not a government agency …
– This is a government agency that exists in every state of America.
– I am sure that you are wrong and it was just a large-scale update in connection with the launch of the Holding
There is a lot of information that confirms the work of companies before the opening of the holding
– Once again I repeat, (Ozedit: regurgitated addressed nonsense removed)
That’s not based on the reality that the character Richard Watford didn’t exist prior to the launch of Watford Corp.
Just going to leave that there. The stupidity level is unbelievable but someone might get a lulz out of it.
What you’re sure or not sure about is irrelevant. The domain registrations were all last updated in October 2019, the same date they were purchased by the scammers running Watford Corp.
The current bullshit websites were uploaded after this date.
Feel free to provide any. All you’ve done thus far is point to the initial domain registrations and made an arse of yourself.
I’ll just give an example on a company whose shares I bought for a fairly large amount
New Millennium Wind Energy
facebook.com/pg/NewtonKS/photos/?tab=album&album_id=10150322972863529 – 2011 year
(Ozedit: link removed, no mention of New Mllenium Wind Energy)
bizjournals.com/wichita/blog/2012/09/new-millennium-external-hurdles.html – 2012 year
wind-watch.org/news/2013/02/28/politics-slowing-wind-energy-project/ – 2011 year
newtonkansas.com/how-do-i-/learn-about-/kansas-logistics-park/new-millennium-wind-energy – 2012 year
youtube.com/watch?v=ryD5JpTNWME
Yeah that’s not Watford Corp’s made up company. That was a Colorado company that was going to build a facility in Kansas but fell through:
thekansan.com/article/20120904/NEWS/120909812
Watford Corp scammers have lifted the names, stole some photos and created a bullshit website in October 2019 pretending to be New Millenium.
Feel free to provide financial reports filed with the SEC showing you have shares in New Millenium Wind Energy, or that the company has anything to do with Watford Corp.
Yes, at first it was a project that Richard bought and made him a good big company.
Yeah, not good enough.
I’ll be nuking any more fairy tales.
All companies have financial reports that you can read.
The partners of the company are indicated on the website of each company and it is indicated that they are part of the Watford holding.
So provide them.
Watford Corp is offering a security. It’s financial reports are legally required to be filed with the SEC. Where are they?
Given the websites were setup by scammers late last year, that’s a moot point.
Financial statements are on the website of each company in the “Financial Report” section.
Sites existed before the holding itself.
Thank you for confirming Watford Corp’s financial statements are not filed with the SEC.
The fake NMW Energy website does not have a “financial report” section. And even if it did, the reports are as meaningless as the website itself.
To carry any weight these reports are legally required to be filed with the SEC, which they are not.
Sites might have existed on the domains but they had nothing to do with Watford Corp until the October 25th buy date.
It was only after this date the current fake company websites were uploaded.
You can independently review these financial statements and make sure that they are correct.
nmwenergy.com/NMWENERGY2019.pdf
You may not recognize this, but the SEC is not mandatory, as it is not a government agency, but a commercial one.
SEC registration of securities and filing of financial reports is very much mandatory.
The document you linked to is not a financial report, it’s a marketing document.
It has no legal weight and satisfies no legal requirements.
Thank you for confirming there are no filed financial reports with respect to Watford Corp.
I have provided you with a report for the past year.
No SEC is not related to companies that do not trade on the stock exchange, (Ozedit: snip, see below).
No, you provided a meaningless marketing document signed off on by “Audit Manager”.
This is unequivocally false. Your understanding of securities law is deeply flawed.
Go read up on the Howey Test. Then maybe go over the SEC’s lawsuits against Zeek Rewards and TelexFree.
If Watford had been outlawed, they would have been closed for a long time, and they work and prosper, news about them is published in news channels, official representatives are opened, etc.
“If it was illegal authorities would have shut it down!”
Straight out of the Ponzi playbook. Yawn.
Keep making excuses for securities fraud.
Watford Corp doesn’t exist outside of Watford Corp marketing. Best of luck with the scamming.
So come to their office with an official drive and ask these questions to the management, and they will answer all of this to you, and then you can draw an adequate sound conclusion.
I don’t need to come anywhere. Watford Corp is offering unregistered securities because it’s a Ponzi scheme.
Whatever actors they hire to populate a temporary rented office doesn’t change that.
Are there reports for the other companies too?
Also, who is the woman interviewing Richard Twatford?
-You just can’t understand just how the new business model works.
Mate, there is no new business model. Watford Corp offers a passive investment opportunity.
MLM + passive investment opportunity = security. Watford Corp’s business model is the same model Charles Ponzi pioneered in the 1920s.
Also hiring actors to play management in a rented office isn’t a business model. It’s fraud.
Many large companies rent offices, Perhaps this business model was used by someone before, but Richard made it perfect and applied it to his own businesses.
Richard Watford doesn’t exist, as evidenced by your failure to provide any documentation of him prior to October 2019.
And you can’t perfect the Ponzi model. It’s a scam by design, resulting in the majority of investors inevitably losing money.
I think we’re done here.
@Alex Strong
Why dont you go away, and get something substantial as evidence instead.
doeas mr watford exist? then surley he lives somewhere? has a birthday date, has prior buisness engagements, a education, a nationalatiy etc. that could be verified whit a phonecall our online lookup?
if he is asking for monies and promising any “potential return” then he needs to provide a license (from the jurisdiction where his “pitched” potential customers lives as well as the country his business is registered).
As of right now you basically admit your a scammer and that its a scam (just pick 10 revives at random on behindmlm, scroll back a year our so you might verify that they have collapsed irl, and just read the comments. you will find your “arguments” well represented there aswell.)
Alex did attempt to leave two comments. They were the same circular statements that’ve already been addressed.
-Richard Watford exists! (no evidence provided)
-Watford Corp has licenses! (no evidence provided)
-Ponzi schemes are legal! (…)
Marked as spam.
Some more digging here: blog.followjulian.com/watford-corp-big-budget-ponzi-scam
It’s true that someone really made an effort to make this look somewhat plausible. They even placed articles on sites like Marketwatch
marketwatch.com/press-release/watford-llc-pioneers-people-to-company-business-model-2019-11-26
In my eyes the woman interviewing Robert Twatford bears great similarity with an Estonian stock actor.
dreamstime.com/stock-photo-happy-family-tablet-pc-sitting-travel-bus-tourism-technology-people-concept-mother-son-computer-image68482456
dreamstime.com/stock-photo-smiling-female-boss-talking-to-business-team-technology-office-concept-image43059039
dreamstime.com/stock-photo-sad-female-nurse-hospital-corridor-fail-people-health-care-medicine-concept-image64871555
dreamstime.com/stock-photo-pharmacist-senior-man-buying-drug-pharmacy-medicine-pharmaceutics-health-care-people-concept-happy-men-customer-image57178918
Nice find, that has to be the same lady. Estonia explains the accent.
Only question left unanswered is where they hired Watford from.
hello
I wanna check
What your comment guys about this link: sos.wa.gov/corps/business.aspx?ubi=604507702
Document Controls: Washington, DC ccfs.sos.wa.gov
sos.la.gov/ – Louisiana
sos.state.co.us – Colorado
asic.gov.au/ – Australia
WATFORD Corp. has been registered in all that government sites
None of those are the SEC. Basic incorporation is meaningless.
In order to operate legally Watford Corp would need to register with the SEC and provide audited financial reports. They haven’t because it’s a Ponzi scheme.
Oh and I ran a search on ASIC, nothing for Watford Corp comes up. Maybe instead of parroting marketing bullshit next time you’ll run your own due-diligence first.
Hey oz,
Why does us gov not take any action to wtf if wtf is illegal? Its been along time since its launched on aug 2019.
Watford Corp and the rest of the Boris CEO Ponzis are typically run out eastern Europe or SE Asia.
Victims are typically in SE Asia and/or Africa.
The US isn’t going to get involved unless it starts to grow there or is run by Americans.
Both wtf as a holding company as well as 5 companies under it have been legally registered in the state or country concerned, which means they have been legal to run their business in that state or country
Don’t know whether the state or country has done due diligence before giving the registration.
Watford LLC
(Washington)
opencorporates.com/companies/us_wa/604507702
******
New Millennium Wind Energy LLC
(Colorado)
opencorporates.com/companies/us_co/20201086368
******
Goldmine B.M.D. PTY LTD
(Australia)
opencorporates.com/companies/au/638745276
connectonline.asic.gov.au/RegistrySearch/faces/landing/panelSearch.jspx?searchTab=search&searchText=Goldminebmd&searchType=OrgAndBusNm&_adf.ctrl-state=fwqplrzta_32
******
EDV-Recycling LLC
(Louisiana)
opencorporates.com/companies/us_la/43767102K
******
Kronos Science Laboratories, INC.
(Arizona)
opencorporates.com/companies/us_az/10155740
Richard watfords homebase in the united kingdom when he registered qatford llc in washington.
Richard Watford doesn’t exist and basic incorporation = meaningless. Anyone can register a basic company anywhere, there is no regulatory due-diligence process.
Scams use shell companies to set up bank accounts to launder money through. That’s all that’s happening here.
What does “basic incorporation = meaningless” mean?
It means for the purpose of due-diligence, basic incorporation is meaningless.
These are shell companies that point to nowhere.
Failure to file the annual report will result in administrative closure by Washington State .. Likewise, if false data is found in the establishment of the business entity, which means that all addresses, bank account data, tax data submitted prior to the establishment of this wtf are correct. Its a llc in WA
So how can it be said that richard watford doesn’t exist.. Is it because there is no photo of him on the internet that does not exist
Scammers don’t give a fuck about this.
As for “false data”, this is much lower threshold with basic incorporation. By the time your data is checked your scam has collapsed and you’ve run away with the money.
What you’re trying to do is pass off basic incorporation for registration with financial regulators. These are not the same thing.
Because he doesn’t. Go on, prove he exists.
Richard watford registered his llc in washington state under his own name and there is a requirement to submit an annual report.
n if this annual report is not submitted, of course he will not be able to continue his llc this year.. So surely the Washington administration had accepted it.
Prove he exists. Anyone can register anything when it comes to basic incorporation.
Washington State or any other state doesn’t verify basic incorporation details upon registration.
Scammers don’t care about this. They’ll miss the deadline and by the time Washington State catches on all they’ll do is cancel the incorporation.
Take a look at the provisions above on the Washington State Legislature website.. They have to verify basic incorporation details upon registration like name add tax data etc
Is it possible richard fake all of his datas.
Thank you for confirming you have no evidence Richard Watford exists.
You’ll note the Washington company was set up through an agent. It’s their details on the incorporation.
This is how scammers set up shell companies. You go through an agent and any details can be provided.
Wa state have to verify basic incorporation details upon registration.
Or is it possible richard watford gave fake information about his datas.
I take it English isn’t your first language?
Incorporate through an agent –> put down any bullshit details, just use the agent’s address.
Being a passive investment opportunity, Watford Corp needs to be registered with the SEC. You can file bullshit with the SEC but you’ll be caught out far quicker than basic state incorporation.
That and there are actual legal consequences and audited periodic filings that need to be made.
Richard Watford could not register llc on his behalf through himself so he had to use agents and agents which he was allowed and had to use were registered agents.
Richard Watford submitted all of his data to the agent to be forwarded to the Washington State Administration for verification and further approval if all data were correct
As long as the llc is established, he is obliged to submit an annual report to the Washington State Administration if he wants his business to still have a business license to run his business in the Washington State area
The address used must be a real address, both the address of his place of business and his address of residence even if he runs his business online from an area other than Washington State
This is a matter of establishing the llc in a legal stance because indeed richard watford with all the data is correct especially he has renewed his license for this year which means he has submitted his annual report
Bullshit.
Prove it.
Which from a due-diligence perspective is meaningless.
A “real address” is a two-second search away.
Again, in order to operate legally Watford Corp must be registered with the SEC. Basic shell company incorporation = meaningless.
Where do you live? try to learn how to register a llc, specifically in washington state.. Its not that easy as you think.
Anyone can register a shell company through an agent and provide bullshit details.
If you want to discuss how to register a shell company do it elsewhere.
I’m part of a 4-person California LLC, and it’s dirt simple to set one up. Washington state is no different.
Annual reports? No annual reports are required unless your company is publicly traded. Microsoft Corp? Yeah, annual reports. Bob and Ray’s Body Shop, LLC? Not so much.
Fake (shell) LLCs get created all the time, in every state in the US. I don’t know what Rudy is on about; seems like he’s making up rules and regs as he goes along.
As I said above to oz .. first learn about the regulations that apply to establishing and running llc .. especially in washington state and of course each state has its own regulations for this.
In us, establishing a shell corporate is not prohibited
I want to ask about whether in California we can falsify the data for the LLC registration?
Oops .. we can’t discuss it here .. Just forget it
You’re spouting absolute nonsense, Rudy.
Establishing an LLC in Washington can be done remotely, costs $180 ($200 if done online) and requires little more than a Washington based “agent” which can be obtained free for the first 12 months.
A limited liability company is designed to provide protection for the management / shareholders NOT for the clients.
Savvy investors recognize LLC status is totally irrelevant when it comes to deciding the legitimacy, or otherwise, of an investment.
You, on the other hand………………………
I never said it was legal to falsify data; I said it happens all the time. None of us had to provide proof of our identity to get our LLC; we just put our names on the form.
It’s the same in every state in the U.S.: setting up an LLC is dirt simple and no one is checking birth certificates to make sure all the names on the form match real people.
“It’s illegal, so it must not happen” is a pathetically weak argument, but Ponzi pimps trot it out all the time. The sad truth is, most Ponzi schemes collapse on their own before the legal authorities step in, if they do at all.
Regulation is reactive, not proactive.
Regulations don’t mean anything to scammers. That’s why Watford Corp isn’t registered with the SEC and commits securities fraud.
Is Watford llc dead?
That website warning looks fake as fuck to me. Pretty sure it’s an exit-scam.
Still wrapping my head around the debate tonight. Give me a few and I’ll get into it.
WATFORD IS REALLY BIG SCAM OF THE COVID 20.
Many people still believe it is alive and will return.
It’s really big scam.
SEC is not checking watford llc so what is the truth here, please.
You invested in a Ponzi scheme and your money is gone. Sorry for your loss.