Start Finance Charles Smethurst

Charles Smethurst

1929
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Chaos in Hanau: Charles Smethurst has sold the listed port area with 170 apartments to British investors – for 17 pence the stock of an opaque company. In a compulsory note, the Acorn Growth Plc announced that the UK corporation had signed a Letter of Intent to acquire numerous properties and real estate in Germany.
A „Letter of Intent“ is not a mandatory purchase contract, but a letter of intent. The compulsory publication further states: „The sellers of these properties and real estate are Delphin Capital 112 Projekt GmbH & Co. KG, Delphin Capital 192 Projekt GmbH & Co. KG; Delphin Capital 126 Project GmbH & Co. KG and Delphin Capital 214 Project GmbH & Co. KG. „These limited partnerships are equipped with investor and investor funds. Whether the investors know of the crooked business, remains currently a mystery.

The Acorn Growth Plc further stated that the purchase price, the amount of which was concealed, should be settled by issuing shares of the company – for a price of 17 pence per share, equivalent to around 20 euro cents. The problem: The shares of Ahorn Growth Plc are exposed to trading, the company itself is not worth three million euros. So how should property and real estate ever be paid for? Acorn Growth Plc has since become the „Front PLC“ – stock trading is not allowed.

In the background of these dubious machinations act Dolphin boss Charles Smethurst, who has long been suspected of money laundering and tax evasion, and the Englishman Nigel Brent Fitzpatrick, who has a reputation as a corporate bureaucrat. There is a growing suspicion that behind the dubious dealings there is the concealment of the disastrous business results of the Dolphin Group.