We Have Been Scammed by Provartis, AG

We Have Been Scammed by Provartis, AG - Mark Britain and Paul Ubsdell

We have been scammed by Mark Britain and Paul Ubsdell and a company named Provartis, AG located in Zurich, Switzerland (hereinafter referred to as “Provartis”).

Both Britain and Ubsdell claim they are the principals of a trading program and are officers of the company Provartis, AG.

They maintained that they had traded in the past and were ready to accept funds to enter into a program. They required that funds be sent to their attorney and held in escrow. Once the money was received by the attorney and the account was established, the account information would be sent to us, the funds would be transferred to that account with us being the sole signatory on the account and then trading would start.

The funds were transferred to the attorney’s account but stayed there for over three months while we received nothing but excuses that the bank account was being established that the trading had started. The transaction went from an account in Luxembourg to Germany to Malta and finally Hong Kong. Provartis claimed that one of the principals of the company was King Carlos of Germany.

Provartis et al was introduced by to us by Ronald Mogen of Tarzana, CA. who stated he had known them for a long time and had done business with them and had been paid on transactions.

Provartis claims a Chris Mason of CMAK Finance Ltd. as their “banker” financial person that is supposed to handle the transfer of the funds. He has also given excuses and no funds have been transfered.

As far as we can determined almost all claims made by all of the principals have no merit and are false.

It has been over one year since we transferred funds to Provartis’ attorney and as far as we can determined Provartis still does not have the ability to open accounts in the client’s name or have transacted any trades.

They have repeatedly promised to return our losses of $585,000 but have only given us excuses and delays.

6 thoughts on “We Have Been Scammed by Provartis, AG

  1. John

    Paul and Mark are liars and if you are thinking of getting involved with these people you should think again.

  2. stephen

    Both Mark and Paul are fraudsters……….the people whom they claim are their partners too are fraudsters…..they claim they are legitimate platform owners when they are not and have access to nothing of such……they are chancers whom will play you like a fool and make false representations about their wherewithal…..they mislead you and then cost you money…….they should be reported to the authorities all over the world……of which i am currently doing in Europe…….hopefully the allegations made against them will stick and they will be investigated by the appropriate regulators…….no one needs crooks like them taking our hard earned money……they are CROOKED CRIMINALS

  3. Adam

    I had a lucky escape with these 2 jokers a few years back. Was on the verge of starting a company with them with promises of investment from overseas and a large customer base they already had. Did some digging and found out some bad press about an old company that was swiftly explained away by Paul.

    Same mo.. aaa credit, fully regulated blah de blah! Eventually took the decision to call them on it and they disappeared. With about 6k in cash and 9k in computer equipment. Paul then had the audacity to stand up in a networking meeting and ask to speak to me. How I didn’t flatten him right there I will never quite know, but it would have looked bad in front of my peers.

    Something he wanted me to look at was cleaning his profile online which I refused to do.

    They are currently in court I understand. Would love to know what the case is.

  4. john smith

    They are fraudsters – pure and simple. Quite why/how the Police have not yet got them in custody is a mystery to me.


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