MCO Capital loan

colinho

geomacl wrote: »

The plot thickens!!!! See:

http://www.actionfraud.org.uk/mco-capital-limited-sep10

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""""Latest on MCO Capital - 19 November 2010

The City of London Police has made three further arrests as they continue their investigation into a major loans repayment fraud against MCO Capital.
In an early morning operation spread across locations in South London and Hertfordshire detectives arrested two men and one woman on suspicion of money laundering.
The two men, aged 41 and 21, and the woman, 21, were taken to a City of London Police station and later released on bail.
Later the same day the 24-year-old man, Adeleke Ogunsanwo, was charged with offences unrelated to MCO Capital:

• Possession of False identity documents with intent to commit fraud - Identity Cards Act 2006
• Possess/control article for use in fraud - Fraud Act 2006

Ogunsanwo, from Camberwell in South London, appeared at City of London Magistrates on November 19 and enquiries continue into his suspected involvement with the MCO fraud.
The police action follows on from last week's operation where detectives arrested a 42-year-old man at his Dagenham home on suspicion of fraud by false representation.
Further action is anticipated, with detectives now aware of more than 9,000 alleged fraudulent loan applications made to the Finnish based-company.
This followed on from a significant amount of reports originally received via Action Fraud, the national fraud reporting centre, and analysed by the NFIB.
Detective Inspector Perry Stokes said:

'We are committed to taking the swift action that will move this investigation forwards as quickly as possible. We believe this to be a major fraud that has affected thousands of people across the UK, and our enquiries are ongoing.!!!8221;
The City of London Police, which is the National Lead Force for fraud, are sending out letters to those whose personal details have been used as part of this fraud.""""


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I assume that the reference to a 24 year old man should have read 21 year old man"? Or the ages of those arrested are wrong?

Has anyone on this forum whose "personal details have been used as part of this fraud" received a letter from the CoLP? I have not.
Googling "Adeleke Ogunsanwo" is an exercise in futility:cool:

Surely you have heard from Adeleke before, Geomacl? Wasn't he the chap that used to run the Bank of Nigeria, and needed an account in the UK to put £ 10,000,000,000 pounds in, for which he would gladly pay you Tuesday?
;-)

Robie_Nudd

The plot hasn't thickened one iota since I joined this forum. Perhaps the great Finnish conspiracy theorists will now be persuaded that this isn't some great scam organised by MCO. The name given in the press release may give some indication on which group of people are responsible despite the inability to locate this particular gentleman on Google.

alan_se

Hi all,

My wife and I received letters from CoLP this morning. MCO have provided CoLP with details of 9079 fraudulent applications. CoLP are requesting a completed witness statement from us. Additional evidence 'to fully capture the effect this crime has had' will be collected from some individuals later. There are also assurances that MCO etc won't be chasing us anymore.

Look like this is now being referenced as 'Operation Galloway'.

My guess is that all 9079 names will get this letter at some point soon. Together with the reported arrests it's good to see some positive action.

Alan

geomacl

Alan_se - I got an identical letter from CoLP this morning. I wonder why it's called Operation Galloway?
9079 letters will be good business for Royal Mail???
As you say, it's good to see some action after such a long time.

geomacl

colinho wrote: »

Surely you have heard from Adeleke before, Geomacl? Wasn't he the chap that used to run the Bank of Nigeria, and needed an account in the UK to put £ 10,000,000,000 pounds in, for which he would gladly pay you Tuesday?
;-)

Ahha - now I remember that email :rotfl:
Surely no-one posting on this forum would have responded to such an email? I get at least one similar email every week which finds its way straight to my junk folder!!

grahamqat

On the contrary Robie. There were absolutely bound to be ID fraud applications to the MCO web-sites, as loans were given out against insufficient and inaccurate information. MCO caused this problem and should never have been allowed to trade in the UK. They do not carry a valid Consumer Credit Licence in the name of MCO Ltd and are registered as non-trading. I hope the FSA and OFT follow the Police's example and actually do something. The ID fraud applicants and the loan sharks need locking up (I'd put them in the same cell). I too have a letter from CoLP and will make my feelings clear to them.

Mike_the_worried_man

Ah, been beaten to it I see. Postman has just been with 2 letters ( for my son and I) from City of London Police. I should just like to thank all the people on this site for their hard work helping the likes of us, my god it is worrying to get these things. Thank you all again and I hope (in the nicest way) never to have to communicate with any of you again.

grahamqat

So now the authorities want me to spend my time and money and give away more ID fraud details, so they can spend my tax payer's money helping to persecute the people who nearly did what they were paid to do - namely, close the illegal loan sharks down. Not impressed CoLP. Arrest the people that caused this, the people against which we were issued CRN's, the people that thrive on causing misery to thousands of vulnerable people. Treat the problem, not the symptom. Send me a new letter, a proper one, one that allows me to be a witness against MCO. One that lets me help you solve the problem at root cause, one that addresses the issues the OFT and FSA dont seem bothered about. You see I'm not bothered about some guy in Dagenham who can read a phone book. He doesn't threaten me, I'm bothered about the company that tried to defraud me and may still send debt collectors to my door. Just do your job!

geomacl

Let me guess, grahamqat? You're not at all happy with the CoLP investigation direction? That being so, I have to agree that this whole mess is a lot bigger than an arrest of a few individuals - there is culpability all over others involved from MCO to the OFT.

Prudence2_2

I have also received the witness statement letter from CoLP. Does anyone have any insight into how we should fill out the reverse of the form?

There is a statement on the form which says 'The criminal justice process and Victim Personal Statement scheme has been explained to me' followed by two tick-boxes, 'Yes' and 'No'. I can only tick 'No' because these things have not been explained to me. Will that then make my statement inadmissible?