London Capital and Finance

Sledger

David_Evans wrote: »

It will be interesting how many of those responsible face up to the investors and how many try and run.

If I was on the hook for it, I'd probably try and disappear. Not because I'd fear the police, but because there's always the chance that among those 11,000 people who have lost out, at least a few will be criminal types.

Statistically, the odds would not be in your favour.

236 million would not travel far if there were 11000 travellers …. I reported this to ActionFraud Police late Dec and no response until today but not from the Police but a Generic "Victim Support " response. ..The Irony of it is If 11000 Bond holder turned up in Tunbridge wells with water pistols chanting "Drown the FN parasites "we would probably all be arrested for abusive language and assault. I rest my case

verybigchris

This thread's been a valuable source of information for years now. To make sure it doesn't get deleted, please can you take any discussion of violent criminal revenge to another thread.

jimjames

If anyone hasn't heard the interview with S&W administrators that was on Moneybox last weekend there is a transcript available here

https://damn-lies-and-statistics.blogspot.com/2019/02/moneybox-london-capital-finance.html

Also the original programme on BBC iPlayer https://www.bbc.co.uk/sounds/play/m00029gz

I wonder how many of the quotes will come back to haunt them.

Sledger

With all these claimed degrees and business history Royal bank of Scotland, Chartered Bank etc why did this bunch not use it and apply it to a legitimate lending model as described in the LCF docs and look at the long term gain with the exponential growth of incoming funds and everybody gains, If I look at any sites associated with them its a glorified farce of their capabilities but this one has been edited out removed all the profiles and claimed expertise , Now its just a cover page with a South African tel Number London Oil & Gas Group Limited | International Energy Trading
https://londonoilandgas.com

— London Power Corporation Limited with its 4 highly aclaimed pictures
https://www.lpcltd.com/about

London Power Corporation Limited was established in 2016 with the vision of investing in energy projects internationally. We approach the energy industry holistically and aim to build a diverse investment portfolio comprised of both oil and gas and clean energy technologies.
Location: 10 Arthur Street London, England, EC4R 9AY United Kingdom
Phone: (0) 203-397-6358

Innovation: London Oil & Gas Group™ Limited is a unified, independent over-the-counter energy trader & broker working with an international network of energy suppliers and resources. LOGG™ specialises in physical and derivative sales of crude oil including jet fuel & gasoline: also iron ore, coal and other energy commodities. Commodity pre-payment facilities and working capital are .
https://londonoilandgas.com/ https://londonoilandgas.com/

Anything associated with this dirty Dozen + should be removed from Companies house and directors banned but guess we will just get another scam

jimjames

Sledger wrote: »

Now its just a cover page with a South African tel Number London Oil & Gas Group Limited | International Energy Trading
https://londonoilandgas.com

I think you may have the wrong company so I'd be very careful calling them a scam

https://www.lpcltd.com/london-oil-gas/

That said it does appear they are breaking UK law by not having their company registration details on the website but it may be that they are not a UK company - .com website

Sledger wrote: »

With all these claimed degrees and business history Royal bank of Scotland, Chartered Bank etc why did this bunch not use it and apply it to a legitimate lending model as described in the LCF docs and look at the long term gain

Problem is that 8% guaranteed is not a sustainable return currently so there isn't a lending model that can support it

David_Evans

verybigchris wrote: »

This thread's been a valuable source of information for years now. To make sure it doesn't get deleted, please can you take any discussion of violent criminal revenge to another thread.

I wasn't trying to 'promote' that idea in any way.
I think if someone is already a criminal, they will continue to behave as a criminal. And vice-versa.

The problem with dealing with strangers online is that you don't know if you're dealing with Mary Poppins or Reggie Kray.

That's why I personally would be more nervous about upsetting 11,000 unknown people, it's just about statistics.

My brother works in a garage and has encountered some quite bad criminals. But if you know who you're dealing with it's easier to mange any risk.

David_Evans

Jelli wrote: »

Lets hope. Maybe of the Kray twins variety.

I don't hope this is the case.
I'm saying that if I was implicated it would be my main concern.
I'd probably flee the country and risk further action from the police.

greenglide

Generally the majority of "criminals" do not kill people.

My brother works in a garage and has encountered some quite bad criminals.

I would imagine that the people who are involved in dodgy deals in the garage trade (dodgy MOTs, clocking, ringing etc) will not have ever heard of, never mind invested in LCF.

David_Evans

greenglide wrote: »

Generally the majority of "criminals" do not kill people.

I would imagine that the people who are involved in dodgy deals in the garage trade (dodgy MOTs, clocking, ringing etc) will not have ever heard of, never mind invested in LCF.

That is true.
It wasn't so much that kind of crimes - more other types of criminals (eg drugs) being customers.
Probably because his garage only took cash, not cards.
Today it's easy to google people you deal with.

My point is that these kind of people would not be interested in excuses or 'limited liability' rules etc.

Jelli

It's just some vulnerable investors have put absolutely everything in, and if they don't get it back they might not carry on (going by personal stories on Facebook). I don't think those suited dodgy people give that a second thought when buying super cars. They probably don't have to, as they don't share the same streets, roads or shops. It seems if you want to be an untouchable crim then become educated.

FCA could of saved the general public £200m+ if they acted on the 2015 warning. Everyone seems to have invested from then.