CCLS - Consumer Credit Litigation solicitors - Burleys Solicitors CLOSED

marshallka

http://blogs.mirror.co.uk/investigations/2010/03/cartel-client-review-cant-affo.html

Cartel Client Review can't afford refunds, admits boss

Thousands of cash-strapped, vulnerable people entrusted £20million to this man who said he could write off their debts.
Cartel Client Review took up to £495 in upfront fees from people desperate to reclaim bank and mortgage charges and dump credit card debts.

It promised the fee would be refunded that if there was no valid claim - but yesterday boss Carl Wright (pictured left) admitted to us there's no money for refunds.
Some customers could face legal bills running to £30,000 after Cartel's solicitors failed to insure themselves against losing claims, and were shut down last week on suspicion of dishonesty.
Now the Ministry of Justice is investigating Cartel

marshallka

http://blogs.mirror.co.uk/investigations/2010/03/carl-wright-the-interview.html

Carl Wright: the interview


As a follow-up to our story on CCR I think it is worth running some of the quotes from yesterday's interview with boss Carl Wright in full.
While he's keen to keep it upbeat, it's clearly grim news for many of his clients.


To kick off I asked Wright to give his version of what happened to Consumer Credit Litigation Solicitors, effectively Cartel's in-house solicitors.
We've been told by the Solicitors Regulation Authority that CCLS were shut down last Wednesday due to "suspected dishonesty" and alleged "breaches of the solicitor's code of conduct".
Wright told me:

It's really simple. Cartel had provided practice funding for disbursement litigation for approximately two years and the ability for Cartel to continue to do that reduced.
External funders were being brought on board and, unfortunately, what happened with CCLS is it got to a point where it had a cashflow problem. It couldn't pay the salaries.
On the day it couldn't pay the salaries, the SRA came in to see them the same day and basically explained that if they hadn't resolved that problem within a certain period of time, which was effectively four weeks, they would intervene.
It was pretty much, from what we understand, a cashflow problem within the business which, in some respects, was precipitated equally by the length of time it was taking for them to complete on cases.
I think that was possibly directly caused by the tactics the bank used to drag it out, a bit like they did with the bank charges scenario. They have just been pushing and pushing and pushing.
There are a number of different factors but the bottom line is they couldn't continue along the route that they were going down without any external third party funding.

dunstonh

I think that was possibly directly caused by the tactics the bank used to drag it out, a bit like they did with the bank charges scenario. They have just been pushing and pushing and pushing.

Or more likely that the chances of success were so slim in the first place and there was little in law to support the claims and that all avenues tried by the claims companies had failed but as the claims company didnt have the money to refund, they had to keep going and try and get more into the <edited out> scheme to pay those that wanted refunding.

marshallka

dunstonh wrote: »

Or more likely that the chances of success were so slim in the first place and there was little in law to support the claims and that all avenues tried by the claims companies had failed but as the claims company didnt have the money to refund, they had to keep going and try and get more into the ponzi scheme to pay those that wanted refunding.

I would remove the "p" word from that dunstonh cause after that was mentioned in the other thread the thread got pulled.

orc_2

I had not heard that word before, had to look it up.

The comment seems fair cop, but we need to be careful.

marshallka

orc wrote: »

I had not heard that word before, had to look it up.

The comment seems fair cop, but we need to be careful.

Madoff is a good one. And different to a pyramid.

orc_2

The cartel web site seems to be down!

http://www.cartelclientreview.co.uk/

Is that the same for everyone else??

maxdp

Yep. When did it go down.

orc_2

A guess is about 2 hrs since I last checked it- very approximate.

It is now back on line but access for reps only- no public info.

marshallka

orc wrote: »

The cartel web site seems to be down!

http://www.cartelclientreview.co.uk/

Is that the same for everyone else??

And also the is carel a scam site is down in which he mentioned David jack, MSE, Scam.com and all people he was taking legal action against. That has completely gone too.