Case details for Darren  FLOOD

Name: Darren  FLOOD

Name: THE COMMODITIES LINK LTD

Date of Birth: 25 / 10 / 1978

Date Order Starts: 26 / 4 / 2017

Disqualification Length: 15 Years 0 Month(s)

CRO Number: 08023176

Last Known Address: 182 Ware Road, , , , HERTFORD, SG13 7HB

Conduct: Between 11 June 2012, the date of his appointment as a director, and 1 April 2013, the date of his resignation as a director, Darren Joseph Flood (“Mr Flood”) caused or failed to prevent The Commodities Link Ltd (“TCL”) from selling rare earth elements (“REEs”) to the public as an investment opportunity on the basis that the REEs would increase in value and be sold for a profit, when he knew, or ought to have known, that the REEs in question did not represent an investment opportunity. Specifically:

  • He states that he was aware of his directorship of TCL but that he never managed or directed its affairs;
  • TCL sold REEs to members of the public as an investment opportunity both as a sales agent for a third party (“Company A”), and by selling REEs it had purchased;
  • the price of the REEs was inflated by at least several hundred percent by TCL;
  • TCL received at least £94,578.50 from the sale of REEs in the relevant period;
  • TCL had no defined exit strategy for its customers;
  • The REEs purchased by TCL’s customers are worthless due to the inflated price charged and the lack of traceability of the REEs sold. 

    This information is correct as at 23 / 5 / 2019


    Name: Mark Andrew Milton Whitehead

    Name: THE COMMODITIES LINK LTD

    Date of Birth: 29 / 12 / 1958

    Date Order Starts: 26 / 4 / 2017

    Disqualification Length: 15 Years 0 Month(s)

    CRO Number: 08023176

    Last Known Address: Easter Green,, , , , Ixworth, IP31 2JN

    Conduct: Between 1 December 2012, the date of his appointment as a director, and 2 June 2014, the date of the appointment of the provisional liquidator, Mark Andrew Milton Whitehead (“Mr Whitehead”) caused or failed to prevent The Commodities Link Ltd (“TCL”) from selling rare earth elements (“REEs”) to the public as an investment opportunity on the basis that the REEs would increase in value and be sold for a profit, when he knew, or ought to have known, that the REEs in question did not represent an investment opportunity. Specifically:

  • He states that he was aware of his directorship of TCL;
  • TCL sold REEs to members of the public as an investment opportunity both as a sales agent for a third party (“Company A”), and by selling REEs it had purchased;
  • the price of the REEs sold by TCL was inflated by at least several hundred percent;
  • TCL received at least £847,823 from the sale of REEs in the relevant period;
  • TCL had no defined exit strategy for its customers;
  • The REEs purchased by TCL’s customers are worthless due to the inflated price charged and the lack of traceability of the REEs sold. 

    This information is correct as at 23 / 5 / 2019



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