Lane Hill Scam and Morgan Jay Wilbur and Initiated Criminal Charges
Ged WardThe sole purpose of this exposition is the dissection of Mr. Morgan Jay Wilbur and his history of operating illegal stock lending schemes. I've been contacted by two of his clients on so called proxy companies which were scammed for huge amount of money.
The whole research will be published in 3 different parts which you can easily navigate from 1 paragraph.
The Saga of a Financial Shadow Yearning for Recognition
In the twisted labyrinthine of stock lending, where fortunes are made and lost in the blink of an eye, there prowls an unenigmatic man, who ostensibly fears no repercussions for his actions. To as describe him as Financial Chameleon would bring shame to the real financial chameleons that blend so perfectly with their surroundings that you cannot spot. He is not one of them. He simply craves recognition, attention and limelight.
[Wilbur, Morgan]. (2023, November 4th). Morgan Wilbur, 20+ years in Capital Markets across Asia, specialising in Asset Based Lending including share financing, real-estate, Fine Art and digital assets LinkedIn. https://linkedin.com/in/morganjaywilbur
Every book rests on a skeleton that underpins the flesh of its narrative. Absent this structure, it becomes but a formless mass, suitable only if one seeks to delve into the realm of stream-of-consciousness literature, hence this exposition takes a surgical approach.
The Early Years or Morgan Jay Wilbur
After his graduation from Emory in 1996, he does not present much information about himself other than his re-appearance as a “Consultant” to a U.S. Based Family Office catering to both domestic and international high-net worth individuals. In the realm of finance, this is puffery of utmost order; a man in his early thirties with a lackluster education and family upbringing would seldom qualify to consult high-net-worth individuals, but the chronicled story is only beginning.
By 2011 Mr. Wilbur is Managing Director of firm whose name he does not provide in Nassau, Bahamas. Unbeknownst to most of the audience, at that time, and for another decade, Bahamas would serve as a hub for some of the most nefarious stock lending and other fraud schemes, mainly attributed to the country's lenient regulatory framework.
It’s no surprise that by 2014 Mr. Morgan Wilbur is the managing director of Qilin World Capital Ltd. From an UHNW consultant to a director of one the largest private lending firms at the time is quiet a leap. The choice of the name Qilin for the company was no accident. In Chinese folklore, the Qilin is a creature resembling a deer with scales, embodying luck, prosperity, success, and joy. These are precisely the qualities that Mr. Morgan Wilbur aimed to embody in his endeavors. It’s also no coincidence that the majority of stock lending clients were of Chinese descent.
The internet is littered with cases of fraud against Qilin such as this: https://www.sicc.gov.sg/media/case-summaries/cpit-investments-ltd-v-qilin-world-capital-ltd-and-anor-case-summary
In brief summary: Qilin World Capital declared bankruptcy and shut its doors.
Just as a magician deftly conjures a rabbit from his hat, so too does our Mr. Morgan Wilbur re-emerge in 2019, this time as the Strategic Advisor for Lane Hill, another stock lending company, now strategically located within the British Virgin Islands where the regulatory framework is even more lenient, and court cases, secrets and treasures are even more difficult to unearth.
Unfortunately for Mr. Wilbur, he discovered the stock lending realm to be fiercely competitive and ever-changing, with numerous contenders battling for supremacy. As the landscape evolved, his rivals significantly improved their marketing strategies and the intricacy of their contracts by 2019, aiming to minimize arbitration losses, leaving him once again struggling to keep up from his position at the lower end of the hierarchy.
Mr. Wilbur with no option left decides he will evolve as well by “borrowing” the marketing materials and legal contracts from his competitors. Why bother paying for thousands of hours of legal fees to draft and curate a brand-new agreement when you can just tweak various provision here, and elaborate more on certain promotional ideas there. It’s genius! Why didn’t someone think of this before?
The Making of a Company which Scam so Many
Any reputable financial company operates with numerous intricate components, requiring the collaboration of a dedicated team. Here Mr. Morgan Wilbur either creates fictional characters or gives former brokers embellished titles such as Director, Single Family Office Director, Business Development Manager, Asia Operations, Advisor…etc The following are some of the character props that were used in the construction of the various entities of Lane Hill: Scott Dooley, Jason Tan, Louis Tan Jia Wei, Anthony Tang, Lanxi Li, Susan Liew, Michael Rowe.
The Birth of Lane Hill Holdings and the website
Fortunately, Mr. Morgan Wilbur soon realized that conducting stock loans using an entity based in Singapore will exposé his fraudulent activity to civil and criminally punishment for: false advertising, fraudulent misrepresentation, conspiracy to commit fraud, securities fraud, embezzlement, money laundering, and tax evasion. And thus he decided it was better to operate his scheme out of a much safer haven in the British Virgin Islands, while maintaining the guise of being a Singapore Company.
In the British Virgin Islands (BVI) it’s very difficult for borrowers or court injunctions or rulings to reach him; he’s free to defraud any sucker gullible enough to transfer shares without any legal or civil repercussion(s). Worst case scenario- he can just declare bankruptcy if a deal or two goes south, wash his hands clean of the whole mess and start another company in BVI or Cayman Islands.
Creating Proxy Entities by Mr. Morgan Wilbur
In the cutthroat corridors of the private securities sector, Mr. Morgan Wilbur is infamously known as a desperate scavenger, clawing just to keep pace with his rivals. His peers regard him with a mix of disdain and mockery, watching him pilfer marketing strategies and cunningly drafted loan terms with all the subtlety of a daylight robbery. Yet, mimicking a thief who commandeers a vehicle only to stand clueless as it sputters and fails, Wilbur's mimicry falls apart the moment real expertise is required to navigate the inevitable breakdowns and technical snags.
In a pathetic attempt to claw his way up to his arch-rival, Mr. Morgan Wilbur, he resorts to his usual underhanded trickery, the use of mimicry—spawning proxy lenders in a desperate bid to siphon off business. Yet again, his actions reek of desperation rather than innovation.
Mr. Morgan Wilbur saw the successes of his contemporaries in creating empty-shell lending using rich family and institutional names as a clever tool to deceive borrowers, adjust market rates and create the illusion of a booming industry.
The MountBatten family seemed to fit the bill as an attractive target ripe appropriation.
https://mountbattenglobal.com/
A cursory glance of the website betrays an astonishing lack of transparency about its whereabouts, historical significance, proprietors, or any affiliations. Each page is awash in pretty pictures, in a desperate bid to conjure a facade of elegance worthy of the MountBatten family, yet marred by haphazard mentions of stock lending—precisely the sort of uninspired, insipid drivel you'd expect from the dim-witted, unimaginative Mr. Morgan Wilbur.
A New Strategy-Creating more Scam Companies
Perhaps, cloaking oneself in the veneer of the financial titans of yesteryear has worn off, and brokers and borrowers are tired of the same show?
It’s better to take a chance onto something more auspicious and perhaps seeping with more luck. Perhaps this entire stock lending saga has all been just terrible unlucky spell. If only there was a symbol deeply etched in Chinese folklore that would attract more luck
Enter Origin8 and Dominion8 Scam World
Revisiting All the Entities With Wider Perspective
All the aforementioned entities are directly or indirectly are owned my Mr. Morgan Wilbur. Nominee directors/owners are/were used when necessary with off shore jurisdictions. All entities with exception of MountBatten are shell companies without the necessary licensure to receive shares. MountBatten, however, is not a licensed broker-dealer. In Mr. Morgan Wilbur’s own words, these are just “referral companies”. According to Mr. Morgan Wilbur Mountbatten is licensed and regulated Cayman Island firm, what however he does omit is the fact that a Mutual Fund License in the Cayman Islands only costs several thousand dollars and requires minimal due diligence.
A Perfunctory Examination into Dominion8:
Dominion8 non-exclusively occupies an address on the fourth floor of the Banco Popular Building, Road Town, Tortola, VG-1110, British Virgin Islands, the very same overcrowded hotspot for tens of thousands of other dubious entities. This floor is notorious as a warehouse for shell companies, making it a stark emblem of financial manipulation and secrecy. While every other entity scrambles for a facade of legitimacy, Dominion8 finds itself in the dubious company of countless other paper entities, crammed into a space infamous for being a hotbed of corporate concealment and tax evasion.
Depository Brokers
Mr. Morgan Wilbur does not own a custodian or depository broker that is able to custody, lend or sell shares.
As Mr. Morgan Wilbur weaves his web of comfort with the honeyed assurance that "we exclusively partner with top-tier custodians like HSBC and Credit Suisse," the truth slowly unravels, exposing a starkly different reality. It turns out, Mr. Wilbur's connections to these financial giants are as real as a mirage in a desert. Instead, he ultimately reveals a rogues' gallery of depository-brokers— Lazarus Securities, ELCO Securities, and Weiser Securities—each more notorious than the last, mired in dozens of lawsuits and accusations of stock lending fraud. A masterful illusionist in the making, Mr. Wilbur's financial acumen seems to lie more in the art of deception than in securing his clients' trust and wealth.
Should your stars align and you manage to dupe Mr. Wilbur Morgan into believing you're flush with shares and in a desperate need of a stock loan, he might just grace you with the once-in-a-lifetime chance to mingle with his illustrious family to convince you to close the deal.
Term Sheet
Upon providing the necessary documents- ticker symbol and accompanying brokerage statement- Mr. Morgan Wilbur will appear, demanding in a slightly condescending tone the “Admin” or some fictious personnel to furnish the broker with the necessary information.
The following are the exact loan terms and conditions that will be provided to the potential borrower, with exception of the Loam Amount and Maturity Date, which may vary depending on the stock and other criteria.
Key Observations:
-Lane Hill Capital Ltd is the Lender, not Lane Hill Holdings PTE LTD, for reasons previously clarified.
-The Term Sheet clearly states that this is Non-Recourse, No Title Transfer Loan.
-The Depository Broker is omitted [intentionally]; The bait and switch promise of HSBC, Credit Suisse, Standard Chartered Bank as custodians is nowhere to be seen.
-The Governing Law is Law of England and Wales.
The Loan Agreement- Substantive Unconscionability and Unfair Terms
Prior to the degustation of the proposed loan agreement the reader must be informed familiar with certain legal concepts.
Substantive Unconscionability refers to a situation where the terms within a contract are so excessively one-sided or oppressive that they shock the conscience. This concept evaluates the actual content of the agreement, scrutinizing it for any clauses that impose unfair burdens or benefits that are disproportionately in favor of one party over another. It addresses the equity of the contract's substantive terms, rather than the process by which the contract was made.
Unfair Terms, on the other hand, specifically target individual clauses within a contract that create significant imbalances in the parties' rights and obligations to the detriment of the consumer or the weaker party. These terms might include, but are not limited to, excessive penalties for breach, clauses that unjustly limit liability, or provisions that allow one party to unilaterally alter terms or terminate the contract. The focus here is on the protection of parties who may be at a disadvantage due to unequal bargaining power, ensuring that contracts do not exploit such disparities.
In professional contexts, both concepts serve as critical legal mechanisms to safeguard against contractual impositions that undermine the principles of fairness, reasonableness, and equity in commercial transactions. They empower courts in various jurisdictions to refuse enforcement of, or to modify, contracts or specific terms that fail to meet standards of conscionability and fairness, thus maintaining the integrity of contractual engagements.
[The recitals of the loan agreement have been intentionally omitted to direct attention more effectively towards the intricacies and nuances of the key provisions, which require close scrutiny.]
a. Section 9.
As if part of a clever sleight of hand, the Non-Title Transfer detail that was prominently featured to lure the unsuspecting borrower in the term sheet has non-subtly been omitted from the contract. Replaced with:
i. The Parties agree that the Pledge is created in favour of the Lender, as security for the payment, discharge, and performance of all the Obligations; ii. The Borrower hereby:
1. charges and agrees to charge in favour of the Lender by way of first fixed security all of its right, interest and benefit present and future in, to and under the Cash Account and in and to all cash in any currency which may now be or hereafter is from time to time standing to the credit of the Cash Account and each debt represented by these amounts, including all Interest accrued and other monies received in respect thereof;
assigns and agrees to assign absolutely by way of security all of its rights and interest present and future in and to the Assigned Rights to the Lender.
Rehypothecation. The Borrower hereby agrees and confirms that the Lender shall have the right to deal with, lend, pledge, charge, hypothecate, rehypothecate or otherwise use (together “Use”) all Pledged Collateral in the course of its business. The Borrower agrees that the Lender may retain for its own account all fees, profits and other benefits received in connection with any such Use but the Lender will otherwise ensure that the Borrower receives the same equivalent economic benefits as rise if the Pledged Collateral had not been subject to such Use.
Beneath the guise of Mr. Morgan's warm smiles and seemingly genuine hospitality, lies a meticulously crafted facade designed to disarm and charm. He extends an invitation so personal; you might even find yourself at his dinner table, lulled into a sense of security and trust. The contract he presents, with a flourish of transparency, is anything but; it's a carefully laid minefield, designed to detonate under the protection of English and Welsh legal peculiarities. It's no coincidence this jurisdiction is chosen; it's a calculated move. He's not just asking you to sign away your shares; he's orchestrating a scenario where he can profit from them—through rehypothecation—leaving you out in the cold, without a share of the profits from your own assets.
Let’s closely examine the terms and conditions that may affect funding the funding timeline.
The devil is truly in the details as perfectly by the use of "in most cases". This isn’t harmless phrase phrase—it's Mr. Morgan Wilbur's disguised legalese escape hatch, when the contract inevitably goes to arbitration. The fact is that Mr. Morgan Wilbur, or any lending entity he’s been affiliated with has never funded the complete agreed upon sum within three (3) Business Days. There is a reason why the company he works for or owns must keep changing names.
Tucked away amidst the dense thicket of legalese 3 pages later, is a cunning trap in the Due Diligence and Material Information clauses. These clauses are ticking time bombs, waiting to be activated under the most innocuous circumstances. Within three days following the transfer of collateral to the Depository Broker, a seemingly routine request for additional documentation will be sent from the Depository Broker to the borrower. This request, will be masqueraded as a necessary part of the contract when borrower agreed to the Due Diligence. This request, however it may be presented is smoke screen that grants Mr. Morgan Wilbur and the Depository Broker a much larger window of time to offload enough shares to partially satisfy the borrower's needs. In most cases the anxiety-ridden borrower will realize he has been caught in carefully crafted legal spiderweb and be happy to receive even 10-20% of the agreed upon loan sum after weeks or months. Mr. Morgan Wilbur and his attorney(s) will look for any piece of missing material information to delay the funding of the loan for as long as possible. First you provide hope, then you take every single glimmer of hope away, slowly, but surely until the borrower’s spirit has been crushed.
Regardless of the funding process, there are enough legal mines within the contract to ensure that the borrower is not able to fulfill his obligations, one of which is the strong downward selling pressure of the shares to activate the margin call of the contract, which most borrowers will not be able to satisfy within 3-5 business days, ensuring almost every deal is defaulted. Should the volume or price of the stock remain stable, the depository broker and contract provide will use other contractual landmines to default the borrower, even if they have to produce fictious documents.
Note: Not a single borrower has ever received his shares back OR has ever successfully completed a loan without litigation in interacting with any of the above listed companies of Mr. Morgan Wilbur.
[It is beyond the scope of this exposé to detail how every word, sentence and clause of contract can and will be used against the borrower. It is also beyond the scope of this exposé to detail financial dealings between the lender the Depository Broker, however it must be mentioned that they are not independent of each other; they are a cohort.]
Mr. Morgan Wilbur’s scheme is one that is based on Conspiracy to Commit Fraud, Wire Fraud, Securities Fraud, and Money Laundering.
Should all the evidence be gathered to demonstrate intentional, coordinated, willful actions Mr. Morgan Wilbur and his cohort(s), it is highly unlikely that any un-biased court will rule in favor of Mr. Morgan Wilbur’s contract. However, regardless of any civil proceedings Mr. Morgan Wilbur will always be able to declare bankruptcy of his offshore entities, and disappear into the wind.
The Welcoming Tea Party- Securities and Exchange Commission and the Department of Justice against Morgan J. Wilbur , Lane Hill Holdings and Lane Hill Capital
Acknowledgments
I want to extend my heartfelt thank you to the editor, investigators, and the unsung heroes from scamwarners.com who played a part in shaping this exposé. Your dedication to unveiling financial wrongdoing has left me eternally grateful. It’s because of your selfless efforts that we can fight against financial crimes together. Inspired by your commitment, I’m more determined than ever to chase down those who tread the same wrongful path.
If you have any additional information, or have been a victim of stock lending scam you may anonymously contact me at contact@platinumglobalbridgingfinance.co.uk, or via telephone numbers listed on my website https://www.platinumglobalbridgingfinance.co.uk where I meticulously detail other fraudulent lenders.
Yours Truly,
Ged Ward
