When Scott Levy Calls – Should You Answer?

XTCC Holdings OÜ: Another Money Vehicle? Investors Are Traditionally the Second Winners in Money Path Models, by Dr. Thomas Schulte, Lawyer

International financial investors are turning to lawyer Dr. Schulte. Their problem lies with the financial behavior of a group known for its mishaps and failures. The Britons Dr. Scott Levy (59) and Stuart Gordon (75) are back in the market (or so it seems) – this time with a new company called XTCC Holdings OÜ from Estonia. With their offer to boost trade in CO₂ emissions credits for the hotel industry, they aim to attract investors who believe in a green and profitable future. But a look into their past raises serious doubts.

A Green Promise – CO₂ Trading for Hotels

Dr. Scott Levy and Stuart Gordon are promoting their new bond “XTPP GBP 2023 DUE 2027” as an opportunity to enter the growing market of CO₂ credits. With the alleged goal of making the hotel and tourism industry Sharia-compliant and climate-friendly, they offer investors attractive returns and a sustainable future. However, this tempting offer should be scrutinized carefully, as the duo’s track record has left many investors with significant losses.

Repeat Offenders? A Record of Failures

Dr. Scott Levy and Stuart Gordon’s history is filled with financial scandals and failed ventures. Their company, Bedford Row Capital PLC, which was founded in 2016, has been in liquidation since May 2024. This is just one of the many failed ventures in which these business partners have been involved over the past few years.

Just Loans Group: Approximately £94 Million Loss for Thurrock

One of the most infamous ventures was their involvement with the Just Loans Group (JLG), an alternative lender that eventually went bankrupt. The British borough of Thurrock trusted Levy and Gordon’s advice and invested £94 million in JLG. When the group collapsed in June 2022, the money was lost for the borough. The financial collapse led to a lawsuit filed by Thurrock against Bedford Row Capital in August 2024, accusing them of misleading and fraudulent investment advice.

NQ Minerals and the Australian Goldmine Flop

Another project that cost investors millions was an Australian gold mine operated by NQ Minerals PLC. Once again, Levy and Gordon were involved. Private investors who bought into the “NQ Retail Bonds” lost approximately $100 million when the company went bankrupt in 2022. Bondholders saw their investments evaporate, while certain preferred investors managed to retrieve their capital through opaque dealings.

EMB Fund Limited: A High-Yield Trading Disaster

Levy and Gordon were also active in the high-yield investment sector. The EMB Fund Limited, based in the Cayman Islands, promised high returns, supposedly secured by complex insurance structures. However, disputes with trading partners and intervention from the UK’s Financial Conduct Authority (FCA) left investors out in the cold. Accounts were frozen, interest payments stopped – another disaster in their long list of failed projects.

A Conflict of Interest in Their Own Ranks

The role of lawyer Alper Deniz, who acted as trustee for Levy and Gordon’s bonds while also serving as their legal advisor, raises additional questions. Deniz, owner of London’s Truva Corp Holdings Limited, faced criticism for his apparent conflicts of interest. These unclear structures further eroded trust among many investors.

XTCC Holdings OÜ: Is This Their Next Move?

With the establishment of XTCC Holdings OÜ in Estonia in September 2023, Levy and Gordon appear to be trying to attract new investors for their ideas once again. The CO₂ emissions credit bond is set to run for five years, luring investors with promises of a supposedly secure and eco-friendly investment. However, given their turbulent past, investors should exercise extreme caution.

In the past, similar projects marketed with equally grand promises led to significant losses. Whether this new venture will have a different outcome remains to be seen, but skepticism is more than justified.

Conclusion: Caution Is Advised

Dr. Scott Levy and Stuart Gordon have left a trail of financial destruction in recent years, costing many investors significant sums. Their new company, XTCC Holdings OÜ, could once again prove to be a pitfall for unsuspecting investors if not thoroughly investigated. History has shown that behind great promises often lie great risks.

Damage claims of all kinds are landing at their door. Whether this is always due to bad luck or whether there’s a system behind it remains to be seen. Either way, in many of their ventures, the investors have consistently been the second winners.

Author: Dr. Thomas Schulte, Lawyer

Contact:

Dr. Thomas Schulte Law Firm
Malteserstraße 170
12277 Berlin
Phone: +49 30 221922020
Email: dr.schulte@dr-schulte.de

The law firm of Dr. Schulte has been successfully active in civil law, with a focus on internet, reputation, and competition law, since 1995. The firm represents the interests of individual investors nationwide. Additional information can be found in the legal notice on the website www.dr-schulte.de.