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Re: iii_john post# 796

Thursday, 03/02/2006 11:55:22 PM

Thursday, March 02, 2006 11:55:22 PM

Post# of 221984
That's possible. When the name came up in connection with GWGO, it was familiar to me, but I couldn't place it. Then when I saw that Stephen Lumb was the person running the company, I heard a vague bell that rang: SI.

So that brought up the stuff people have been posting about St James there. But of course they may not have all the connections. St James runs a bunch of shell companies, most of which appear to be trash. The one I found funniest was the "Dry Cleaning Collection". WTF??

Lumb appears to be shuffling "assets" from one pretty much non-existent company to another. IMO, that perhaps is what the GWGO "acquisitions" are all about.

Several of Lumb's companies have been subject to regulatory actions in the UK. Not all that low profile, either: articles about Lumb, not nice ones, have appeared in the mainstream press.

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