I met matthew pohl from dave pohl and associates round about aug 2010 and he has been advising me on what to do and where to put my money since then till december 2014. We became quite friendly to the point that he agreed to have my son around shadowing him at work (During 2013 school holidays) as my son is interested in doing investment management degree etc. He took my son with him and also took out to lunch, introduced him to the other member of the company etc.
During this time, i had told him that i was planning to do renovations and extensions to my home and we discussed at length how and where i was to source funds to be able to do this. He then told me that he was a director of sky blue capital cio and co-founder of the company together with an architect by the name of sean rodrigues ceo and that they were building houses in waterfall park.
I had at this point in time r100 000 that i wanted to invest somewhere that would be easy to get the money out as i would need it to buy a car for my son as he would be finishing school end 2014. Matthew then suggested that i invest it with him in sky blue capital via a promissory note where it would give me returns of 20% and that by january 2014 i would be able to withdraw r120 000 as per promissory note attached. This i did in may 2013 as i did not see any risk, 20% was a very good return on investments, i then also trusted matthew, i mean by now he had been my financial advisor for close to 3 years and i was getting good returns on my money in the other investments that he advised me to do. So this i did and invested the money with him in sky blue capital.
At this point i introduced him to my father as he needed somebody to look after his investments, they got together, but fortunately, my father being far wiser than me did not use him as an advisor although matthew did try to force himself on as his advisor by sending, prudential a copy and paste of my father’s signature, as acceptance as his financial advisor. Attached.
Matthew and myself spoke some more about the renovations and building and that i was getting quotes for the project to which he suggested i give him a copy of the plans and he would get me a quote from sky blue capital. I had gotten other quotes from 3 or 4 builders/contractors and when he came back with a quote that was in line with the others i decided to give him the contract as him being a friend and all would probably make the whole project more easy to deal with. I did this without doing my homework to see if these guys where registered with master builders etc. Etc. me! Contract attached with budget estimate and cash flow/timeline
Ok so we started the building round about 23rd july 2014. As this was a renovation and addition to our property the renovations were to be retiling all of the old part of the house plus renovating the bathrooms and extending the lounge. We would be out of our house from end july till near the end aug 2014, which according to them would give them time to finish the inside of the house, well we got back and nothing had been done, tiles had not been laid, bathrooms not done etc., by the 5th of september they had gotten r600 000 from me and the floor in new area had just been put in and walls were only knee height, so obviously by the time that we got to 19th dec, building was not finished. I had also paid them at that point in time r1.171 620. Come january we obviously had a site meeting and we went through the first snag list, attached, at the end of the walk around they then turned around to me and said “please deposit r50 000 into our account” so that the project can carry on. Well as at that point in time they had already more than 90% of the money and they were not anywhere near 90% finished i told that that will not happen, we then had a meeting the following day in which they said that i could pay r25 000 and then r25 000 at the end of the week, well this also did not go down well as i knew that nothing was going to get done. I then asked for a completion schedule (Attached) to and on receipt of it i would pay r12 500. Well when i got it i fell over laughing as it didn’t have anything of value in it. I then asked my architect if she knew somebody who could come and look at the place to tell me from a professional’s point of view where they had got to and how to go further with this project. This is when the quantity surveyor came into our lives. I then gave him the authority to take over the project. He has finishing this whole calculation and has sent them the invoice which they need to pay, but still they are not paying. I took over the subcontractors and carried on the with building as well as the payments for labour which should have been for their costs etc. Etc. Which has made that i have now forked out an extra r200 000 just to get the job finished. We finished building round about aug 2015
Since january 2015 i have been asking matthew pohl and sean rodrigues to pay me back my promissory note. Which at this time had grown to r140 000 the notice of redemption was signed on the 4th march 2015 by the 24th march this was not paid so i had my lipco lawyer write a letter to them 31/03/2015 this was completely ignored and thus a letter of demand 23/04/2015 was sent to them by lipco lawyers.
Well this was also ignored, i then contacted another lawyer a mr chris giliomee from thomson wilks inc. Who then took over the case in may 2015, he then sent a summons to sky blue capital as attached which were served on them by the 15th june, by the 6th of july they had not replied and thus the lawyer started to set up proceedings for the day in court after a further summons was sent out the case was heard on the 3rd november 2015 and the agreement of payment was signed. When it came to the first payment there was a request to delay the payment which i refused, so the payment came through on the 31/11/2015, but then nothing has come through since.
Matthew pohl as financial advisor has no integrity, no trustworthiness and should not be allowed to work as a financial advisor. Sean rodrigues is also a leed professional since 2003 has business in abu dhabi, ivory coast, usa.
He has stolen from me, is also not trustworthy, has not integrity and should be stopped from doing what he is doing.
They need to give me my money back with interest and not allowed to carry on with their crooked business.
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