Lost 140K with Chelton Wealth
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This site is dedicated to the fact that Chelton Wealth, a forex fund manger based in Swizerland, lost $140K USD of my investment. Their fund results on the internet are fake.
There should also be a number other victims who suffered similar losses, if you see this, contact me at “cheltonlosses at outlook.com”
More evidence, including emails and contracts will be uploaded.
People/Company involved:
People/Company involved:
Chelton people’s linkedin and website looks super legit, and that’s why I chose to believe them.
Robert J. Teuwissens - Linkedin Profile
Richard Corvenius - - Linkedin Profile RocketReach Profile
Below are companies owned by Robert J. Teuwissens. One has to question, why many different companies? Upon further investigation, I have not found a company that is under financial supervision. (details at the end of the page). Different companies in different countries make jurisdiction determination and legal proceeding much more difficult.
Incident Timeline
Incident Timeline
Jan 2021 I Invested 160k into a managed account. Fund managers Robert Jan Teuwissen and Richard Corvenius.
Apr 2021 I communicated that my account performance(down 5%) is different from fund performance(up 2%). Chelton Wealth blamed on software issue.
Oct 2021 Chelton Wealth says the losses from my account are hedged, and the funds are in Chelton Wealth’s hedged account.
June 2022 Account balance drops to around 70k, Chelton Wealth says that they are waiting for the market to correct itself.
Sep 2022 Account balance drops to around 30k, Chelton Wealth says they are still waiting for the market to re-correct. When asked about the hedged account, they said it no longer exists.
Oct 2022 Close my accounts with Chelton Wealth and withdrew what’s left of 160k, which is around 20k
Dec 2022 Signed contract addendum with Chelton Wealth for loss compensation via "Fillmore Corporation Limited" fund account. Chelton Wealth will increment my account monthly, but account withdrawal is restricted until Oct 31, 2023.
Nov 2023 I waited a year, and when I contacted Chelton Wealth, they Claimed that the fund they managed, "Fillmore Corporation Limited" was sold without providing evidence. I was speechless. Chelton Wealth would not communicate all all on how they will compensate me
Hindsight
Chelton Wealth’s fund’s performance numbers are fake.
After some research, Chelton Wealth nor the managers have any kind of financial license. So they are not allowed to take investor’s money.
They have social media, linkedin so everything looks quite legitimate.
They are multiple companies in different EU countries for fronts so that reporting to the authorities is difficult.
Loss compensation via Fillmore Corporation Limited fund is just a way to stall investors
Evidence
All email conversations are saved
Contracts that are signed by both parties
Financial Supervision Status Search Results
Chelton AB - Registered with Swedish Financial Supervisory Authority, but not under supervision. See Link
Chelton AB - Registered with Swedish Financial Supervisory Authority, but not under supervision. See Link
Chelton Capital Limited - No authorization from UK financial authority. See Link
Fillmore Corporation Limited (Bulgaria) - No authorization from Bulgaria financial authority. See Link
Fillmore Corporation Limited (HK) - No authorization from Hong Kong’s financial authority. See Link
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