Gordon Pettie
"In the 80's, Gordon Pettie of Revelation TV ran a business called Gordon Pettie Investment Services Ltd who advertised extensively in Christian magazines and church newspapers. See here for evidence, and here for one of his ads.
In 1988 he lost his investment licence because of the Barlow Clowes scandal, and from there went into managing old folks homes with his wife Lorna.
Here is one of the stories of the churches he invested money for (and lost the lot) as mentioned by Sir Fergus Montgomery MP for Altrincham and Sale in the house of commons and recorded in hansard:
'I am always wary of giving publicity to constituents' private problems, and many constituents have told me about their heavy losses over this fiasco. However, a church in Altrincham has been hit by that debacle. A recent article in the Manchester Evening News stated: An Altrincham vicar fears his church has lost £42,500 invested in the crashed £190 million empire of Cheshire tycoon Peter Clowes. Building work at St. John the Evangelist, in St. John's Road, Altrincham, has been left unfinished after construction of a parish and community centre in the west end of the Victorian building stopped days after the crash. It went on to say: they went ahead with the investment on the advice of 'a practising Christian', Mr. Gordon Pettie. His Poynton-based Gordon Pettie Investment Services was last week suspended by Fimbra, the watchdog for financial intermediaries. The money came from the sale of the church hall alongside St. John's, which is a landmark in the Altrincham area. Later in the article the vicar stated: '"What really sold us on this investment was that the brochure for BCI portfolio 68 implied that all the money would be invested in gilts.' "
http://www.gordonpettie.n.nu/Ian Gordon Pettie has been a very busy man in the financial world. It appears that he has held no less than 62 directorships in the past!
https://www.duedil.com/director/910127680/ian-gordon-pettie
Some Background Information About The Barlow Clowes Fraud:
Around 18,000 customers invested their money with Barlow Clowes on the recommendation of intermediaries (of whom Gordon Pettie was one). Barlow Clowes was established as a low risk "bond washing" operation, in which gilt-edged Government bonds were purchased and sold in order to create tax advantages. Investigations uncovered evidence that co founder, Peter Clowes, had diverted much of the investors money in order to finance his extravagant lifestyle. Barlow Clowes ceased trading in May 1988 owing £190 million following a High Court Hearing. The victims included 14,000 pensioners who lost the entirety of their life savings with no recourse, many of whom faced severe hardship and poverty as a result. Eventually Clowes was convicted on 18 counts of making misleading statements and of theft. The fact that Gordon Pettie lost his investment licence as an intermediary as a result of this fraud suggests that he committed a serious breach of the FIMBRA regulations.
https://godvschristianity.wordpress.com/2015/05/20/gordon-pettie-and-the-barlow-clowes-scam/
http://en.wikipedia.org/wiki/Barlow_Clowes
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8309001/Four-hard-lessons-from-the-Barlow-Clowes-scandal.html
http://www.managementtoday.co.uk/news/409293/UK-Lessons-systematic-swindler---barlow-clowes-affair/?DCMP=ILC-SEARCH
Hi Treena
ReplyDeleteGreat to get this out there. I have also just published a post regard Gordon Pettie. I had been holding off, but you have given me the courage to get this out there.
There seems to be a pattern with Gordon. The more worrying point being that with the Barlow Clowes scandal 19 involved were recommended to have disciplinary action against them, but only 3 suspended. Gorden was one of the 3 and eventually lost his licence.
This indicates that he may have in some way been complicit with the scam, although there isn't enough info available to make a conclusion. However, to lose your licence is a serious thing.
My post is here...
https://godvschristianity.wordpress.com/2015/05/20/gordon-pettie-and-the-barlow-clowes-scam/
Thank you Sarah - Things are very much coming out into the light concerning RTV! God bless tx
ReplyDeleteI always had my suspicions about Pettie.
ReplyDeleteI wonder was he taken aboard the gravy train because of his financial 'knowledge'? He well knew how to present finances to the gullible public?
CMF
Hi Treena,
ReplyDeleteRevelation tv Limited appears to be active as a company Net assets around £85,000, there are appox 11 companies connected in one way or another to the Condors, some have been dissolved some are dormant,but they have been dirs/secs at some time or another. THis is public information for all to view.
Gordon Pettie has apparently responded to a query about this situation:
ReplyDelete"Gordon Pettie investment services was suspended because our head office was a 100 yards from Barlow Closes in Poynton Cheshire and the regulatory authority thought we might be in league with each other. We were cleared after about three years but by them the business had long gone."
It does seem unlikely to me that geographical location would come into the equation in any investigation of this type. It also seems unlikely that Pettie would be "cleared" three years after the event.
I think that clarification is needed, so I have contacted the Financial Conduct Authority asking them whether Pettie's statement is the truth.
Hi Treena,
ReplyDeleteWould you please check this spanish link out, there is a translate facility. I am really confused now regarding all the appointments mr pettie has. They have companies registered in spain, i thought they were all british limited companies, surely this is not right There must be conflicting interests here.
http://administradores.eleconomista.es/Administrador_PETTIE-IAN-GORDON.html
Hi Anonymous Sorry for the delay in replying, I have been away for a few days and did not have any internet access. I will look into this. God bless you tx
ReplyDeleteHeart warming words from Gordon Pettie!
ReplyDeleteThe following is copied verbatim from RTimes June 2015.
"A gift left in a will to the Revelation TV Foundation can make an enormous difference to the work of Revelation TV".
Under this statement, it goes on to say;
COSTS NOTHING IN YOUR LIFETIME
It is important that everyone makes a will. It is the only way to keep your affairs in order and make sure your money and possessions go to the people you want to have them. If you have a Will, it is important from time to time to review it. A Will can be a valuable way of reducing inheritance tax liability on your estate, as legacies to registered charities, such as the Revelation Foundation, are tax free. Its an inspiring thought that remembering the Revelation Foundation in your Will, you are by the grace of God, going to make a difference to the lives of future generations.
(The following is in BOLD TYPE).
To include a gift to the Revelation TV Foundation simply tell your solicitor or Will writer what you want to do. It is as easy as that. All they need from you are your instructions.
Mr Pettie goes on to mention "Three types of legacy" Pecuniary. The gift of a particular sum of money. Residury. The most valuable kind of legacy. This is the gift of all, or part of the value of your estate, after debt, liabilities and other legacies have been paid. Gift in kind. The gift of a specific item which could be: a property, valuable items such as jewellery, stocks or shares, all can be given to the foundation.
For further information or to talk confidentially contact Gordon Pettie on 0208 972 or email Gordon@revelationtv.com
Any comments please!
CMF
I would advise people definitely NOT to give anything to RTV, either in their will or in any other way!!! It is better to give money to a genuine ministry rather than one that promotes a false gospel!
ReplyDeleteHi Anonymous
ReplyDeleteRegarding http://administradores.eleconomista.es/Administrador_PETTIE-IAN-GORDON.html
Pettie appears to hold positions in two companies registered in Malaga - part of the translation reads:
"Social Object:
THE TELECOMUNIACIONES and audiovisual communication, producer of films, commercials, video clips, compact discs, DVD, concerts, shows, events crowded, STUDIES AND STATIONS OF FILM, TELEVISION AND RADIO, INC
NACE:
6020 - Activities of programming and broadcasting services
Province and Municipality:
Málaga, Mijas
Activity Report:
Broadcasting services, shuttles and TV signal transmission"
I believe that this information needs to be passed on to the Charity Commission (assuming they do not already have it). I shall pass it on to them. God bless tx
Regards your comment "give money to a genuine ministry". Herein lies the problem!
ReplyDeleteWhere exactly is this "genuine ministry" today? Sorry for being so 'cynical'!
From what I have read of good old George Mueller of Bristol (Ashley Down Orphanages), he NEVER once asked for money at one time of any one! He lived faithfully and trusted his God and the money came in. I believe this man of God ought to be the standard bearer by which all other ministries should operate. He preached faithfully God's Word. Is it for nothing regarding His Second Advent that the Saviour said "shall He find faith on the earth?" Luke 18.8.
Today, nearly every ministry and his dog have a "Donation Button" on their websites!
And as has been demonstrated above, such as RTV are practically begging for money in a shame faced and brazen way! More than this, what is their stated goal? What is this "foundation"? Looking at the current crop of false teachers/pastors such as Joyce Meyer, Jesse DuPlantis, Andrew Womack etc., I despair!
But, as we know when a ministry starts to become successful, then compromise and worldliness will set in.
Anyhow, can you recommend any?
God bless
CMF
Yes Anon - I can recommend Moriel Ministries http://www.moriel.org/ (Jacob Prasch), and I can recommend Good Fight Ministries http://www.goodfight.org/ (Joe Schimmel). They do have a donate button,but neither of these men of God make money their goal and they do not talk about money much. There are a few other good ministries out there, but these are the two main ones I listen to. False doctrines are a sign that other things are definitely not right. Charities are also ripping people off by the way with their high CEO salaries. The CEO of Compassion International ("Christian" child sponsorship) earns a six figure salary which is an outrage. Hope this helps. God bless tx
ReplyDeleteWorld Vision: Richard E. Stearns, President, earned $339,778 in 2010
Compassion International: Wesley K. Stafford, President & CEO, earned $267,058 in 2010
International Justice Mission: Gary Haugen, President & CEO, earned $201,931, in 2009
InterVarsity Christian Fellowship/USA: Alexander D. Hill, President, earned $159,707 in 2010
The Voice of the Martyrs: Walter T White, President, earned $146,510 in 2009
"The only program I can bring myself to watch is "The Middle East Report." as it features much current content,Oh and the 6 day Creation stuff is excellent, but everything else? no thanks. You just now that they have to be 'all things to everybody', thats why you will never hear them call out the fake preachers, they can't, they're too dependant on their income stream. Also if you listen to their content it becomes clear they are behind the Catholic Church. But the thing that really bothers me is the way Gordon P and his wife use LEAVENED BREAD when they remember the Sinless Saviour. To sum up, I just have a deeply uncomfortable feeling about them, and we are living in the age of deception that JESUS, warned about. So thankyou Sister for your(dog with a bone) journalism, carry on exposing the goings on in RE T
ReplyDeleteThank you so much for your thoughts Stuart. I agree with you entirely about the leaven. God bless tx
ReplyDelete