James Jesam founded and promoted a forex and crypto trading firm called Englishman Integrated Services Limited. The company which is registered with the Corporate Affairs Commission of Nigeria (CAC) claimed to also be into Real Estate Investments and General Contracting.
The company whose corporate office is said to be located in the new GRA area of Port Harcourt is said to have been under lock and key just after the company could no longer pay out funds to investors.
Reports claim that money owed investors run into the hundreds of millions of naira. Many investors admitted that at some point, they sensed something was wrong when the return on investment (ROI) which was promptly paid at the start of business on each new day was delayed.
However, marketers and staff of the said company will assure investors that the delay was due to internal issues and upgrade in structures and that services will be back up and running as soon as possible.
As time went by, trust levels with the public increased, and larger funds were invested. This idea worked but could not be sustained. At some point, delayed payments could no longer be properly explained or accounted for.
At first, the company was communicating with its investors through emails and sometimes via calls. This soon however stopped as delay in payments lasted for months. The company’s corporate office remained shut down as investors visit to find closed doors under lock and key.
All efforts to reach the CEO Mr. James Jesam have proved abortive. Sources report that executives of the company lived a flamboyant lifestyle buying exotic cars and living in top notch houses.
The company however on its official telegram page continues to reassure investors that all invested capital will be paid to them. Mr. James claims that the company lost greatly when its stocks collapsed across the forex market. The CEO has however pleaded that investors be patient as the company “ENGLISHMAN INTEGRATED SERVICES” will not rest until every investor is fully refunded.