A private members club since 2005

The LifeClub Story

LifeClub International was first registered as a company in Panama in December 2003 and changed into a private members club in the middle of 2005 when the concept and goal was to educate and enable ordinary people to invest into the Forex market. Only 10 years ago, Forex was fairly unknown to most people, and skilled traders would not accept retail investors and an individual would often have to have access to millions of euros to gain access to a professional asset manager. Because of this, LifeClub partnered with what at the time seemed like a professional and licensed asset management team, through their companies Top Unit Management and Orion Trading Institution. The asset managers, two men, was in 2007/2008 listed with close to 100 million euro in assets under management, and in the process of setting up a Fund for high net individuals (200 000 euro minimum deposit). So enabling our members to start investing with a low initial deposit seemed like a great deal.

LifeClub was never intended to grow big and our thinking was that we would rather seek a few people of quality than to accept quantity in the shape of tens of thousands. This is why we only accepted new members who were recommended by an existing member and, at most, we just exceeded 2000 members. As we grew, we began to host an annual event in Spain, starting with 50 people or so, up to the event in 2011 which had 150 members attending. The events focused on motivation and Forex education and, among others, had Forex brokers as guest speakers. The key speaker at all the events was one of the asset managers, who for 3 years in a row presented the Orion Trading Institution trading strategy and explained to our members why they could beat the market year after year.

It should be noted that LifeClub never promoted any investments, but members of the club had access to information about the various investments and could invest as self-directed investors. Members who wished to invest had to sign an investment agreement which clearly stated the possible risk of a total loss of their investment. Because of this, no member can claim they were not aware of the risk involved (Forex is classified as high risk).

In late November 2011, LifeClub management were asked to join the two asset managers on a Skype call. During the call, the two asset managers claimed that they had lost 98% of the funds invested. LifeClub management decided to start investigating these claims and, in early January 2012, LifeClub members were informed about the alleged losses and a series of webinars were held to try and make more sense about what had happened.

Due to the asset managers being very uncooperative with the management, attorney J. Kristensen (a Norwegian attorney who had made similar investigations in the past) was hired to make a full investigation into the event. The asset managers stated that they would cooperate with the attorney which, in the event, was not true. After months of trying to get any answers, the attorney delivered his report to a small group of members in Spain (all members had been invited to take part). His conclusion was that, since the asset managers would not document the losses, it was impossible to state whether the funds were lost or stolen, and he recommended that further actions be taken. The report also addressed the responsibility of LifeClub management and concluded that they had done nothing illegal. The report has not been made available to all members as it is considered to be a key document in the event of a legal case.

In August 2012, LifeClub management asked Brabham and Associates Ltd, a company which works solely with recovering stolen funds, to assist in locating the assets of the two men and to get our members money back. They worked on the case for nearly two years but eventually, Brabham and Associates Ltd decided that they would not be able to come to an agreement with these two men

In August 2014, Carlton Huxley, a UK private investigator company known to have worked successfully on major cases and brought their clients good results, took over the case. In the past year they have located significant assets, such as properties. They have also tried to come to an agreement with the two men as, for both parties, this would be beneficial and preferential than a legal case

In October 2015, LifeClub is left with no other solution than to ask its members to fund further work on the process. Up to this point the remaining funds after the claimed losses in November 2011 had covered the cost. With Carlton Huxley having a very good knowledge about this case by now, they are asked to take over the management of the process and ask those members who want to take part in the process to fund it.

In November 2015, more than 400 members have contacted Carlton Huxley, willing to fund the process. Each person is asked to submit a witness statement and a loss report. The next step is to file a complaint (sue) in the US, and have the two men meet in court to document where they sent/spent the money, and get a court ruling for the money to be paid back.

Note that members who have not contacted Carlton Huxley by end of November will not be represented by Carlton Huxley. They are not likely to get any money back. In the event that this process recover more assets than what the group of investors who are working with Carlton Huxley are in tittle too, the remaining funds will be paid out to members not part of this process. LifeClub have communicated this process to all members by email, which is our preferred way of communication. We cannot take any responsibility if you have chosen not to read our emails, our emails have been stopped in your spam filter, or you have forgotten to update your email address in the event that your email address have changed.