Crypto MLM Scams Haven: Government Agency Companies House Registration Issues
Companies House is an executive agency and trading fund in the UK government. Companies can pay a 12 GBP fee and register online by providing their personal details. Within a few minutes of registration, Companies House will release an official certificate stating “Certificate of Incorporation of a Private Limited Company.”
To solidify its goal of preventing fraud and the dissemination of false information, Companies House issued a press release about its “first ever successful prosecution for false company information.” In addition, the press release also identified that it had held an individual accountable for false company registration. The agency received the power to prosecute the individual from a 2009 law.
Interestingly enough, it should be noted that the company in question was John Vincent Cable Services Ltd., which was incorporated by Kevin Brewer in May 2013. Brewer identified Vince Cable as the company’s director and then, a year later, Companies House removed the company from the registrar. Two years later, Brewer incorporated Cleverly Clogs Ltd., listing Baroness Neville-Rolfe and Ibrahim Aman as the company’s directors. Though Aman was an alias, Neville-Rolfe was a Companies House minister at the time.
Brewer was then able to file termination documents for Aman and Neville-Rolf and appoint himself as the company’s director. Companies House then learned of Brewer’s actions and prosecuted him. The prosecution led to a 1,602 GBP fine, plus 10,452.450 GBP in legal costs.
As Minister Andrew Griffiths stated:
This prosecution – the first of its kind in the UK – shows the Government will come down hard on people who knowingly break the law and file false information on the company register. Companies House works hard to protect and continually upgrade the company register, identify potentially criminal activities and working closely with law enforcement bodies to help bring those perpetrators to justice.
There may be little chance the Brewer’s prosecution will cause Companies House to shift the way it handles alleged fraud and misrepresentation