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    • 5MeoDmt
    • By 5MeoDmt 23rd Oct 17, 12:52 PM
    • 13Posts
    • 3Thanks
    Investment In Litigation Funding ?
    • #1
    • 23rd Oct 17, 12:52 PM
    Investment In Litigation Funding ? 23rd Oct 17 at 12:52 PM

    Just wondering if anyone here has had any experience with this or can give me any more information

    Had an email about an investment which is basically funding no win-no fee court cases where borrowers have overpaid mortgage payments due to miscalculations by the mortgage lenders

    The returns look really good (£6000 return for a £4000 investment within 18 months) but I'm concerned there will be some hidden risks

    Any advice welcomed!
Page 7
    • bostonerimus
    • By bostonerimus 8th Mar 18, 9:28 PM
    • 1,618 Posts
    • 1,037 Thanks

    I and many others who I know have made hundreds of thousand from this unique and niche area of investment and it saddens me that people would put others off from making money with baseless posts.
    Originally posted by free2bfree

    The social consciousness of these people who have made thousands from this scheme continues to amaze me. They really are good people to want to share this with everyone.............

    This all smells like a sales pitch to me rather than a thread with legitimate questions, so let's just ignore this thread from now on and let it wither.
    Last edited by bostonerimus; 08-03-2018 at 9:41 PM.
    Misanthrope in search of similar for mutual loathing
    • cloud_dog
    • By cloud_dog 8th Mar 18, 10:23 PM
    • 3,557 Posts
    • 2,071 Thanks
    So you are saying the the Solicitors Regulation Authority and the Financial Conduct Authority and these companies relevant insurance providers all think that box legal and allansons are not credible and like to mislead the public and you are further saying that 250 law firms that have used box legal are numpties....

    somehow I believe the regulatory bodies over you or that malnutrition guy -
    Originally posted by free2bfree
    No, I have been very specific in my point to you, one which you keep obfuscating and applying misdirection in your replies (something you seem quite adept at).

    My point, and one you continue to avoid responding to is simple... The FCA does not provide general authorisation, they provide one or more specific authorisations for one or more specific financial activities. But, because you feel you are too clever or omnipotent you have not bothered to read this thread where these deficiencies have been covered ad nauseam (with links to actual factual information not just 'alternative facts').

    So, I ask you again, what financial activity has the organisation in question been authorised to conduct by the FCA, and what activity are they actually undertaking in this scheme? I'll give you a hint... it's not the same.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • redux
    • By redux 8th Mar 18, 11:15 PM
    • 18,157 Posts
    • 23,401 Thanks
    Entertaining as this thread is, has anyone looked at the latest accounts of Box Legal?

    Latest accounts show a loss of £856k on a turnover of £636k, and page 6 states that due to not meeting FCA requirements, there is the potential that the company may not be considered an ongoing concern.

    I!!!8217;m surprised that FCA have given this the green light. Or maybe we haven!!!8217;t been told the whole truth in the above posts?
    Originally posted by HappyHarry
    Oh dear. But on the other hand someone on this thread claims to have personally made hundreds of thousands in this line of business. Perhaps this person could offer that company some consultancy advice, instead of expending so much effort addressing people who are not involved, for instance us
    • TBC15
    • By TBC15 9th Mar 18, 4:27 AM
    • 403 Posts
    • 187 Thanks
    someone else's misery. Try telling David who could not take Goliath to court because they didnt have access to money. However now with litigation funding, David can now take Goliath to court on a no win no fee basis meaning they dont have to feel the pressure of paying the lawyers if the case loses. When David wins. David will thank the lawyers, the investor and the insurer and say that thank you for giving me justice. otherwise my misery would have continued.
    Originally posted by free2bfree
    Was this David chap the foreskin obsessed mercenary that was brought in by Saul with the promise of a good marriage, pension and something to do with generous personal tax allowances for the whole of the family?

    If litigation funding had been involved what proportion of the proceeds of crime would David have walked away with?
    Last edited by TBC15; 09-03-2018 at 8:24 AM.
    • HappyHarry
    • By HappyHarry 9th Mar 18, 7:06 AM
    • 565 Posts
    • 839 Thanks
    I have then spoken to the FCA and there are no warnings against box legal.
    Originally posted by free2bfree
    That seems unlikely as per my earlier post and the auditors notes on the statement of accounts.

    My call with the FCA did confirm that if box legal went into liquidation then I would be protected by the FSCS.
    Originally posted by free2bfree
    Iím going to call that a lie. Box Legal are arranging the insurance, that are not providing the insurance. Leeward are the ones providing the insurance, Box Legal are just the broker, getting paid commission (according to their published accounts) from Leeward. There is no way the FCA has said that you will be protected by the FSCS if your insurance broker goes into liquidation.

    I would rather believe the facts then someone simply posting without any evidence or research backing up what they are saying.
    Originally posted by free2bfree
    Good point, well made.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
    • Malthusian
    • By Malthusian 9th Mar 18, 9:48 AM
    • 3,799 Posts
    • 5,948 Thanks
    Way too much time on your hands!
    Originally posted by free2bfree

    just do this the proper way research the industry and the market the opportunity and speak to experts at woodford litigation or call box legal and report your findings.
    Sounds boring. You were the one who said you'd pay to see me destroyed by qualified solicitors in a public debate. Now I'm not only offering you the chance to see that, but you wouldn't even have to pay if it happened, and suddenly you're not interested.

    Why dont you try to tell box legal what you are saying on this forum. Get hit with a law suit for defamation and then we can read the court transcripts. and you can post the results
    Erm, defamation occurs when you make false and damaging statements in public, Mr Legal Expert, which I've already done via this thread (except they're not false). I don't have to make the same statements to Box Legal's face to be liable for defamation. If any of my posts are defamatory, which they're not, defamation has already occurred. Why don't you give them another call and tell them they're being maligned?

    I've barely even said anything about Box Legal, except to state that
    1. a broker is not automatically liable for negligence if an insurer it recommends fails to pay out; negligence only arises if the broker has failed in its duty to properly research its recommended insurer (and Box Legal has specifically said they haven't so failed)
    2. promising to compensate an investor in the event of the default of a third party where no liability for negligence exists is a security known as a credit default swap
    3. credit default swaps are not covered by the FSCS.
    All of these are well-established objective facts about finance and the UK regulatory system, and if anyone wants to sue me for stating them, have at it.

    However anyone who receives an email from an unregulated introducer inviting them to invest in litigation funding to allow a struggling insurance broker (I put it to you m'Lud that describing a business making an £856k loss and whose auditors have cast doubts on its ability to continue as a going concern as struggling is fair comment) to sue some guy on the Internet, should ensure they - what's that term? - do their research.

    I will prove on this forum step by step that My 40,000 investment will give me a significant return in 12 months time.
    It would not remotely surprise me if in 12 months' time you had made a significant return on your £40,000 investment.

    Can you guess why it would not surprise me?
    • jimjames
    • By jimjames 9th Mar 18, 12:40 PM
    • 12,473 Posts
    • 11,084 Thanks
    Oh dear. But on the other hand someone on this thread claims to have personally made hundreds of thousands in this line of business. Perhaps this person could offer that company some consultancy advice, instead of expending so much effort addressing people who are not involved, for instance us
    Originally posted by redux
    Maybe they're making hundreds of thousands because they're taking it out of the company
    Remember the saying: if it looks too good to be true it almost certainly is.
    • redux
    • By redux 10th Mar 18, 1:34 AM
    • 18,157 Posts
    • 23,401 Thanks
    I must admit that if I were to find myself in a position of considering using no win no fee lawyers, I would be fairly p'ed off to hear that some smug offensive semiliterate twit without legal expertise stood to make more money out of the case than either I or the lawyers.
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