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    • sleeplessnight
    • By sleeplessnight 26th Jun 17, 12:10 AM
    • 1,536 Posts
    • 274 Thanks
    sleeplessnight
    I gather the list raised a substantial sum. Detais are restricted to membership of those afflicted Do not expect Facebook or Twitter, to reveal any information, whatsoever. Check your membership details, to see the protocols involved in accessing details.
    Onwards and outwards. Pain should be shared - not directed towards those who do not even know it is coming!
    Have no pity on those that knowingly squeesed you like lemons, before they ran off, clutching your money. Not one of them shed a tear for any of us. That is exactly the attitude, you have to take, when confronting this scum.


    .
    Last edited by sleeplessnight; 03-07-2017 at 9:55 PM.
    • Dead in the ditch
    • By Dead in the ditch 17th Jul 17, 10:36 PM
    • 41 Posts
    • 23 Thanks
    Dead in the ditch
    Lets hope there's more to come
    Found this on BBC SW it will be of interest:

    Crown Currency: Firm went bust owing thousands of customers a total of £20m

    Andrew Segal
    Local Live
    Posted at
    16:26
    3 Jul
    One of the people involved in the Crown Currency fraud has been ordered to pay back more than £868,000 to her victims.

    Susan Benstead, 72, who got a two-year suspended jail term for money laundering for her part in the scam, was ordered to pay the money at a proceeds of crime hearing at Southwark Crown Court.

    Crown Currency website
    BBC
    Crown Currency, based in Hayle (pictured), was one of the UK's largest personal currency exchange businesses before it collapsed.

    Established in 2004, Crown allowed individuals and business customers to pre-order foreign exchange at a set price up to a year in advance. It provided money in 80 currencies, as well as travellers' cheques and money transfers, sometimes for people to buy property.

    It went bust in October 2010, owing 12,500 clients a total of £20m.

    Crown Currency office
    BBC
    At Benstead's trial in 2015, where she was one of five people found guilty of offences connected to its collapse, Southwark Crown Court heard the firm used new customers' cash to pay off existing clients.

    Up to 12,500 people are believed to have lost money, the court heard.

    Heard from another source: the son has done less than 6 months in prison. He is now out wandering the streets of the S/W albeit tagged!!
    • Cardew
    • By Cardew 18th Jul 17, 9:17 PM
    • 27,004 Posts
    • 13,127 Thanks
    Cardew
    http://www.bbc.co.uk/news/uk-england-cornwall-40485513

    Note Edward James is next!

    A hearing is under way for the former mayor of Glastonbury, Edward James.
    • Grey Rook
    • By Grey Rook 18th Jul 17, 11:25 PM
    • 906 Posts
    • 680 Thanks
    Grey Rook
    I put this up on the Facebook group a while back but if there is anyone on here who is not a member then it is important that you let the Devon & Cornwall Police know if you have changed your contact details since submitting your original Witness Statements. Looks like the judge made a good call on this one.

    From Devon Cornwall Police

    The confiscation hearings for Susan Benstead and Edward James were held at Southwark Crown Court on 03/07/17.
    In respect of Susan Benstead, His Honour Judge Gledhill made a confiscation order in the sum of £868,580.00 with three months to pay. All recovered amounts will be used to compensate victims.
    In respect of Edward James, His Honour Judge Gledhill made a confiscation order in the sum of £115, 923.80 and a further compensation order of £85,234.90. All recovered amounts will be used to compensate victims.
    All compensation will be paid on a pro-rata basis in accordance with the judge’s directions.
    If you have not previously updated the Devon and Cornwall Police with any change to your email or home address details since your initial contact, please can you provide new details to DC Richard Teague as a matter of urgency via the following email address;
    richard.teague@devonandcornwall.pnn.police.uk
    Last edited by Grey Rook; 18-07-2017 at 11:35 PM.
    • Glen Clark
    • By Glen Clark 21st Jul 17, 8:47 PM
    • 3,888 Posts
    • 2,889 Thanks
    Glen Clark

    Heard from another source: the son has done less than 6 months in prison. He is now out wandering the streets of the S/W albeit tagged!!
    Originally posted by Dead in the ditch
    Have you got a weblink for that please?
    In that case he must have coughed up some money because a previous weblink said he was going to get longer if he didn't?
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
    • sleeplessnight
    • By sleeplessnight 21st Jul 17, 10:39 PM
    • 1,536 Posts
    • 274 Thanks
    sleeplessnight
    The half a million loan, that the Flying Bedstead made to the Gold Dealing Enterprise, is not mentioned.
    I hear there is a large group of Cornish Pirates, with a keen interest in this aspect.
    Meanwhile, we all know the thieving Liquidmisers, will be entitled to vaccum the funds - for doing absolutely nothing. I , for one, have no faith in our legal system. Full Stop.
    • Dead in the ditch
    • By Dead in the ditch 25th Jul 17, 12:55 PM
    • 41 Posts
    • 23 Thanks
    Dead in the ditch
    [QUOTE]Have you got a weblink for that please?
    In that case he must have coughed up some money because a previous weblink said he was going to get longer if he didn't?[QUOTE]

    Sorry have no weblink, it's just that I have family in Penzance who know him.
    • harz99
    • By harz99 25th Jul 17, 4:56 PM
    • 2,490 Posts
    • 2,436 Thanks
    harz99
    I put this up on the Facebook group a while back but if there is anyone on here who is not a member then it is important that you let the Devon & Cornwall Police know if you have changed your contact details since submitting your original Witness Statements. Looks like the judge made a good call on this one.

    From Devon Cornwall Police

    The confiscation hearings for Susan Benstead and Edward James were held at Southwark Crown Court on 03/07/17.
    In respect of Susan Benstead, His Honour Judge Gledhill made a confiscation order in the sum of £868,580.00 with three months to pay. All recovered amounts will be used to compensate victims.
    In respect of Edward James, His Honour Judge Gledhill made a confiscation order in the sum of £115, 923.80 and a further compensation order of £85,234.90. All recovered amounts will be used to compensate victims.
    All compensation will be paid on a pro-rata basis in accordance with the judge’s directions.
    If you have not previously updated the Devon and Cornwall Police with any change to your email or home address details since your initial contact, please can you provide new details to DC Richard Teague as a matter of urgency via the following email address;
    richard.teague@devonandcornwall.pnn.police.uk
    Originally posted by Grey Rook

    Thanks for that. So I'm guessing the maximum anyone is likely to get will be around 5p in the pound lost, probably less.
    • sleeplessnight
    • By sleeplessnight 3rd Aug 17, 12:20 AM
    • 1,536 Posts
    • 274 Thanks
    sleeplessnight
    Thanks for that. So I'm guessing the maximum anyone is likely to get will be around 5p in the pound lost, probably less.
    Originally posted by harz99
    The Liquidmisers will have 'soaked-up' the residual funds left with in the Bank. For doing absolutely zero.
    To my mind, there are three crooks lurking in the fabric of this charade.
    1. A bank that ignores warnings from it's specialist employees, that a 'Ponzi Scheme' was operating within their juristriction - with their approval!
    2. A Liquidiser ( newly purchased by an American Company) assured of a healthy profit by those that sold the company.
    3. Family members who have literally absconded with Gold, to the value of £500K - purchased by a payment from the Flying Bedstead, out of the funds belonging to the CCE Ltd account.

    Are we really to believe, a company dealing in currency transactions, with a debt of £20Million, is likely to make a finacial recovery, with £1 Million in it's business account?
    I believe the 'warning blast's' of impending bankruptcy, should have been apparant, and enforced, by those more than 'afait with statutory requirement'.
    • alwaysready
    • By alwaysready 3rd Aug 17, 3:14 AM
    • 14 Posts
    • 3 Thanks
    alwaysready
    What is it?
    Sorry I am new but what is Crown Currency? Anyone can explain me?
    • Grumpelstiltskin
    • By Grumpelstiltskin 4th Aug 17, 8:33 AM
    • 2,171 Posts
    • 2,216 Thanks
    Grumpelstiltskin
    Sorry I am new but what is Crown Currency? Anyone can explain me?
    Originally posted by alwaysready
    Start here and by Christmas after you have read both threads you will know.

    http://forums.moneysavingexpert.com/showthread.php?t=2763962
    • Cardew
    • By Cardew 5th Aug 17, 9:29 AM
    • 27,004 Posts
    • 13,127 Thanks
    Cardew
    Sorry I am new but what is Crown Currency? Anyone can explain me?
    Originally posted by alwaysready
    It was a FX company run by the disgraceful Benstead family in Cornwall. They swindled 13,000 customers of many millions and eventually the law caught up.

    The chief culprit committed suicide and various members of his family and partner were jailed. Very little of the money was recovered, although the Police are still attempting to trace the proceeds.
    • sleeplessnight
    • By sleeplessnight 19th Aug 17, 9:51 PM
    • 1,536 Posts
    • 274 Thanks
    sleeplessnight
    For the record. CCE Ltd was a vipers nest that employed people familiar with their employers past record of bankruptcy's, and, his ability to re-appear in different form, where he could 're-employ' past faithful crew members!
    The cult so created, over a number of business failures, was extremely potent and virtually water-tight. For example, by the time it was decided to honour Cornish punters their currency orders - ahead of contract date, it would have been common knowledge, within the work force, that the 'crunch' was coming. Needless to say, those spear-heading the sales, were offering ficticious contracts at bargain prices, to the happless public - hours before the 'plug was pulled'.
    I don't have to tell you that staff will have been more than thoroughly briefed - as to what was 'going down'. Otherwise, management would not have been able to guarantee 100% silence from the work force. Which was the case!
    Cornish Pixies are generally a figment of the imagination. If they do exist in reality, then, let us hope the rest of the Cornish Pixie population are un-related to those who relished a life continuously robbing innocent folk, under the leadership of an Arch Villain.
    Think on it. Not a single 'whistle blower' or a penny owed to staff!
    At least 'Ali Barber & his Forty Thieves' didn't have the embarressment of having his bank residing immediately next door!
    • buffer2212
    • By buffer2212 19th Sep 17, 10:40 AM
    • 64 Posts
    • 8 Thanks
    buffer2212
    ???????
    Where has everyone gone??
    • Blackraven
    • By Blackraven 21st Sep 17, 10:58 PM
    • 420 Posts
    • 187 Thanks
    Blackraven
    • Sooz Chat
    • By Sooz Chat 26th Sep 17, 11:22 AM
    • 1 Posts
    • 0 Thanks
    Sooz Chat
    I have recently received an email from the LCCC Confiscation Unit asking for my bank account details to send a payment from proceeds received from Jane Benstead and Edward James. Is it bona fide correspondence? Has anybody else received this communication? Thanks.
    • Grey Rook
    • By Grey Rook 26th Sep 17, 1:26 PM
    • 906 Posts
    • 680 Thanks
    Grey Rook
    Yes, we have checked with the Devon & Cornwall Police and they said it's ok. The Confiscation Unit are sending out the emails in alphabetical order and the are currently on C. The payout is working out to be about 6% and only people who have filled in the Police Witness Statement will get it. I think you will find it is Susan Benstead and not Jane.
    Last edited by Grey Rook; 26-09-2017 at 3:42 PM.
    • harz99
    • By harz99 28th Sep 17, 12:27 AM
    • 2,490 Posts
    • 2,436 Thanks
    harz99
    Yes, we have checked with the Devon & Cornwall Police and they said it's ok. The Confiscation Unit are sending out the emails in alphabetical order and the are currently on C. The payout is working out to be about 6% and only people who have filled in the Police Witness Statement will get it. I think you will find it is Susan Benstead and not Jane.
    Originally posted by Grey Rook

    However, people should be aware that the CU are working from the details recorded on the individual Witness Statements, if you have moved or changed email address since filling the statement out, they will not have your correct details EVEN if you've updated the Police and/or Duff & Phelps.
    • karie
    • By karie 11th Oct 17, 7:50 PM
    • 428 Posts
    • 212 Thanks
    karie
    Hi all
    It does seem that the confiscation unit is starting to pay (nominal amounts) out. DC Teague is very helpful.

    I am a bit behind though, so maybe someone else might be able to fill me in. Originally I had thought that the late payers case had been won. It seems that this is not the case and the late payers trust has had no preference. If anyone can confirm this that would be great

    Thanks
    • buffer2212
    • By buffer2212 12th Oct 17, 7:15 PM
    • 64 Posts
    • 8 Thanks
    buffer2212
    Thank's
    Thanks very much
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