Friday, September 4, 2009
Global Markets Training Files Lawsuit against Paul Siegel and Globecon
In August 2009, we filed a lawsuit against the consultant brokerage group named Globecon, owned by Paul Siegel, for unpaid fees. Siegel has refused to pay the agreed training fees for courses delivered by ourselves to National Australia Bank in October and November 2008. Despite the favourable reviews and feedback from NAB (the client) -- and despite collecting in full the fees from NAB -- Siegel has pocketed our money and will not make payment. We expect a judgment against him very soon, although we are not sure, given his current situation, if he will be able to comply with the judgment. We know that Globecon has been in bankruptcy at least once and Siegel has told one of our principals that his primary interest is to "sell the company". If we are not able to collect payment soon, we will post on this website a complete transcript of emails with Siegel. It should make interesting reading.
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Bill Allen is a disgrunted instructor who leaves a long list of dissatisfied institutional clients and former instructor alliances who no longer will talk with him, no less work with him. His rant above is completely wrong and deceptive. As a matter of simple fact, he did not deliver the workshops promised, and was reported to us by our client "the most arrogant and pompous facilitator we have ever seen, and we won't have him on our premises ever."
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