His Victims Are Still Waiting For Restitution
Now in McRae Federal Prison, southeast of Atlanta Georgia
Sep 2014, Coles denied transfer to a UK prison. See below
Not smiling after being incarcerated in Federal Prison!
REQUEST FOR INFORMATION:
Where are Derick Coles' assets?
It's likely that Coles had been planning his scam for some time and stashing the money he stole in bank accounts, and real asset, some will probably be sheltered in the name of other people and difficult to trace. His victims would appreciate any assistance offered to trace these assets.
If you have any relevant information please email me <here>
Your details will remain confidential.
May 22nd 2013. Application for transfer to the UK:
Sep 16th 2013. Transfer denied by the US Department Of Justice.
Coles has applied to transfer to the United Kingdom, his country of citizenship, to serve the balance of his sentence.
The United States has prisoner transfer relationships with over 70 countries. These treaties permit foreign nationals incarcerated in the prisons of a treaty partner to apply to transfer and serve the balance of their sentence in their home country. Transfer will not occur unless the United States, the home country, and the inmate all consent to the transfer. Once physical transfer occurs, the home country becomes solely responsible for administering the sentence according to the laws and procedures applicable in its country.
Although Coles has the right to apply for a transfer, he does not have a right to have the transfer approved. If both countries agree to the transfer, a brief judicial hearing will be held to verify that Coles knowingly and voluntarily consents to the transfer, and he understands that the UK will become solely responsible for administering the balance of the sentence.
A significant number of applications approved by the United States are either not approved or not acted upon in a timely manner by the home country. An average case approved for transfer typically takes 15-18 months from time of initial application to the date of transfer. It is not unusual, however, for the processing time to be significantly greater.
Friday June 29th 2012:
Coles is now settled for a few years in his new 'home', McRae Federal Prison, which is about 160 miles southeast of Atlanta Georgia and 200 miles away from Canton where his family lives.
His mailing address is:
Mr Derick M Coles (62835-019)
P.O. DRAWER 30
MCRAE, GA 31055
You can see further information <here>
Monday February 6th 2012:
On Feb 6th 2012 US Magistrate Judge Whittemore sentenced Derick Coles to six and a half years in federal prison, followed by three years supervised release. The Judge denied a request from the defense counsel to have Coles "self report" to prison and remanded him to the custody of the US Marshall's Service. Expecting another thirty days of freedom, and visibly shaken, Coles was immediately 'taken down' into a cell to await his transfer to prison. Until then he will stay locked up in one of the local county jails.
The judge further imposed a $15,000 fine; restitution to the victims in the amount of $4,232,621.30; a forfeiture judgment of $530,000 and a special assessment of $200. Once Coles is released he is prohibited from working in a field involving immigration or investment type work.
Coles spoke and apologized to the victims that were present but even the judge felt this was not sincere and the victims present echoed that sentiment.
In his sentencing the judge called Coles' crime "one of the most heinous" and noted that "he stole and destroyed dreams". The victim's show of solidarity was evident and as the prosecutor noted, this was the biggest showing of victims in a fraud case he has ever seen.
The crime was discovered by his victims more than three years ago when overnight he closed down his Sarasota based US Immigration company and fled, with his tail between his legs, to Northern Cyprus where he went into hiding with the knowledge that we were determined to find him.
With his victims breathing down his vulnerable neck he was forced to return back to the US to face justice. The US Secret Service, and the US Immigration Customs & Enforcement agencies investigated the case and have ensured that Coles was eventually arrested and sentenced.
Myself together with all of Coles' victims would like to thank the US Secret Service and the Immigration & Customs Enforcement agency for their untiring efforts in bringing the case to this point. I would also like to thank several 'others' that contributed information which was extremely helpful in keeping track of Coles' traveling whereabouts and the eventual location of his arrest close to Atlanta Georgia.
Although Coles is now in Jail the story is not finished, we still want our money back and if not satisfied will be waiting at the Jail door for his release. It is also very possible that due to his crimes being committed in the USA he could have his Visa revoked and be deported back to the UK immediately upon his release. He can look forward to a warm(ish) welcome!
There may be others involved either directly or by collusion and they will be receiving close attention from all concerned.
Friday Dec 2nd 2011:
A sentencing hearing has been set for 13:30 Monday February 6th at Tampa Courtroom 13b, Sam S. Gibbons US Courthouse, 801 North Florida Avenue, Tampa Florida 33602. The hearing is to be heard by Judge James Whittemore.
Anyone is welcome to attend this proceeding, however unless you have received a subpoena, attendance is not required by the Court. If you intend to attend please check directly with the court shortly before as dates and times can change at short notice.
Wednesday Nov 2nd 2011:
On Friday October 28th Derick Coles entered a plea agreement of GUILTY. It was officially submitted in federal court in Tampa on Wednesday Nov 2nd at 10am.
He pleaded guilty to one count of wire fraud and one count of immigration fraud in connection with his scheme that ultimately defrauded his victims and the US government.
Why one count? All his victims have been counted in this plea agreement and for sentencing
purposes every dollar he stole from the victims and their families will count. The total is nearly $4 million dollars.
That one count carries a maximum of 20 years in prison, and in the US system it would make no difference if he was charged one count or 20 counts, it is the total financial loss that is taken into consideration at sentencing.
Having entered a plea of guilty Coles will not go to trial but straight to sentencing.
Wednesday May 18th 2011:
At approximately 09:45 US East Coast time Wednesday May 18th 2011 agents from the US Secret Service arrested Derick Coles on multiple counts of wire fraud and mail fraud.
Each count of wire and mail fraud can attract a 20 year jail sentence.
The case is of course still ongoing and no doubt there will be many updates to come during the lengthy process, but at least the victims of his crimes can rejoice in the fact that the first major step towards his hopeful incarceration has taken place.
Monday May 23rd 2011:
Being unable to raise cash bail of $35,000 Coles is still in his cell in Atlanta.
Thursday June 2nd 2011:
Coles' wife Elizabeth (Née: Elizabeth Harvey) has now managed to raise the $35,000 cash deposit against the $250,000 surety bond needed to release him on bail. He is to be tagged and to remain at his home near Atlanta from where he may not leave without permission from the case officer.
In the USA bond funds are often retained and used for victim restitution, although it would not go far, we hope this will be the case with Coles.
Friday 14th October 2011:
Supreme Court civil hearing pertaining to Attorney Jack D King:
JASON, DERICK, REBECCA and ANDREW Coles
This is Derick Coles' family, sons and daughter. Via collusion they, his wife, and others may be implicated.
Jason Coles owns a company called 'JDC Consultancy' and another called '3dogsmarketing' dealing with visa business plans and other things to do with visa applications. We are concerned that the Coles may be planning to use this company to again invite clients to lodge funds with them for escrow purposes!
Some other companies that Coles is or has been associated with are:
Connect Globally Inc
New Horizons Florida Investments
New Horizons Florida Publishing
New Horizons Global Developments
New Horizons Global Investments
T.E.A.M. USA Inc
Select Securities Ltd
Harvey Coles Bank Ltd
Most victims have posted on: www.RipOffReport.com
To see their individual 'Rip Off Report' click the links below:
$290,000 from a Leeds family (site author)
$200,000 from a Slough family
$200,000 from a Guildford family
$276,000 from a Sydney family
$405,000 from an Essex family
$522,000 from a Kissimmee family
$170,000 from a couple in Florida
$160,000 from a Kidderminster family
$150,000 from a London family
$125,000 from a Sarasota family
$530,000 from a Colchester family
$250,000 from a Sarasota family
$50,000 from a Nottingham family
$120,000 from a Camberley family
$77,000 from a Suffolk family
$100,000 from an Essex family
Deposits in Coles' so-called escrow account accumulated interest which also belongs to his clients. Claims against Coles for costs accrued in the pursuit of his apprehension together with the retention of attorneys to fight civil suit will also be made.
He was ultimately ordered to pay a total of $4,232,621.30 in restitution to his victims
If you are a victim of Coles' escrow scam
and wish to be on this list please:
<email me here>
Links to media articles and reports:
After his arrest:
Before his arrest:Daily Express (link),
Bradenton Herald (link)
Sarasota Herald Tribune (link)
Derick Coles owner of New Horizons Group, his UK and Sarasota Florida based visa application services company, is accused of stealing millions of dollars from his client's escrow funds. The money was systematically and illegally embezzled, we believe in a Ponzi style, over three years ago from his 'so-called' escrow bank account held with SunTrust Sarasota.
At no time were victims advised that the escrow agreements they signed were bogus or the account itself not a genuine secure or bonded escrow. The money had been lodged for the purposes of closing on businesses being purchased in the pursuit of EB-5 Green Cards and non-immigrant E2 visas to the USA. It is a requirement of the US embassy to have the business purchase funds in escrow before they will consider a visa application.
We will not rest until Derick Coles, together with all others who may be involved, have been dealt with by the authorities. Whatever the outcome of any investigation we still want our money back, we will not go away. Coles must not be allowed to pay his levy then eventually slip incognito into a life of luxury as we languish in relative poverty because of his wrongdoing.
The financial and psychological trauma caused by Coles has had a devastating effect on his victims and he needs to know that we will forever be baying at his door until we get our money back.
The Trail From Andorra to Northern Cyprus & Back To Atlanta
After fleeing the USA we believe that Coles visited the Principality of Andorra a well know tax haven between Spain and France. Andorra is somewhat difficult to reach so we can only assume he went there to open a bank account where he could hide some of the money he stole. He then showed up in Northern Cyprus a well known hiding place for fugitives because of its lack of extradition treaties.
Following the publication of an article in the English language periodical ‘Cyprus Today’ concerning Coles and his escrow crime we received verifiable information from a local source of the Coles’ address in Northern Cyprus.
'The team' flew out to get him on Friday the 27th of February 2009 only to find that once again only hours previously he had vacated the villa he had been sharing with his wife Elizabeth. Disappointed the team went back to the airport, checked in, and boarded their flight back to the UK.
David Farrow, one of 'the team', leaving his seat 3 hours into the flight to his amazement discovered Mr & Mrs Coles sat two rows behind him. As a UK police officer David liaised with the Captain who radioed forward to arrange a police reception, they boarded upon arrival and removed the Coles for questioning.
At that time a warrant for Coles’ arrest had not been issued so they were eventually released and made their way from the airport probably to, where they used to live before moving to the USA, the Lymington, Sway or Brockenhurst area of Hampshire to stay with relatives, friends or perhaps in a guesthouse.
We later received valuable information that led to them being questioned by the authorities upon their arival back in the US at Atlanta airport at 4pm on April 1st 2009. They were heading to stay at one of their son's home, Andrew or Jason who still live in the Atlanta area.
April 10th 2009: I was given a report that Coles and his wife Elizabeth were temporarily at their house at Conservation Court Sarasota. They more likely stayed at their daughter's condo at Admirals Walk before returning to Atlanta.
September 24th 2009: Having driven down from Atlanta with mother Elizabeth, daughter and son were spotted in a local restaurant. No doubt they stayed with daughter Rebecca at Admiral's Walk. Perhaps they had some business to do, or money to retrieve?
Two tickets for a nice day out - on our money!
All smiles in the Cyprus sunshine - We bought them some groceries!
Above is a photograph of Derick Coles and his wife Elizabeth
being removed from flight BA 0663 at Heathrow 27th Feb 2009.
Mr & Mrs Coles with daughter Rebecca graduating from college early August 2009. Nice Jacket Derick!
Having devastated so many peoples lives with the theft of their money how can you still be smiling?
Balfour Mews, Mayfair, the Coles' London home.
7532 Conservation Court, Preserve at Heron Lake, Sarasota
Alleged Derick Coles' family home now being repossessed.
Lollygagging in Coles' bedroom.
Including the ICE mentioned earlier, victims may wish to report their loss to all three of the US authorities below:
The US Secret Service: (001) 813 227 2370:
<email the USSS>
We now have an email address for Coles: email@example.com but don't expect to get a reply, particularly now he's banged up!
Also, Coles had retained the services of two Attorneys who probably don't represent him any more:
Mathew H Schwartz
Schwartz Law Group
2985 Gordy Parkway, Suite 550
Marietta, GA, 30066-3078
Tel: 678 401 2400
Being robbed of my life savings I am seeking a US attorney with the resources and conviction to pursue Coles and Others in a civil action for recovery on a pure contingency basis. Please contact me at the email address below:
I am happy to be compliant to any official request from any authority regarding information posted on this web site, please contact me via one of the email links and I will remove, or disseminate, any relevant information you wish.
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