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London Capital and Finance

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  • jimjames
    jimjames Posts: 18,723 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Botheredin wrote: »
    There will be more on this story on Moneybox on BBC Radio Four at 12:00 GMT on Saturday 9 March and on Inside Out on BBC One in the South West of England at 20:30 GMT on Monday 11 March, and afterwards on the iPlayer.

    I think it will be, perhaps a little longer before it appears

    https://www.bbc.co.uk/iplayer/episodes/b0071mt5
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Botheredin
    Botheredin Posts: 92 Forumite
    edited 11 March 2019 at 11:13PM
    11/03/2019
    Inside Out South West
    Jemma Woodman retraces the journey of the controversial Vote Leave Brexit bus to find out if the south west feels buoyed or betrayed by
    what has happened since.

    https://www.bbc.co.uk/programmes/m0003bqq

    Really?
  • jimjames
    jimjames Posts: 18,723 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Botheredin wrote: »
    11/03/2019
    Inside Out South West
    Jemma Woodman retraces the journey of the controversial Vote Leave Brexit bus to find out if the south west feels buoyed or betrayed by
    what has happened since.

    https://www.bbc.co.uk/programmes/m0003bqq

    Really?

    Look at 11mins in
    Remember the saying: if it looks too good to be true it almost certainly is.
  • I am surprised that the bondholders group havent gathered outside surge with a camera crew ....if not to help their own plight, but to stop others falling victim of the other bonds these people are selling.
    Wish Martin Lewis would get involved
    It would also appear that the seller had dealings with another site moneyexpert.com ,...there was some kind of court case about dodgy dealings here too.. i wonder if thats where people may have thought it was being advertised by m lewis?
  • GDB2222
    GDB2222 Posts: 26,287 Forumite
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    If you look on yahoo, there are loads of adverts with fake celebrity endorsements. Martin was included in those.

    Is Surge still advertising bonds like these?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222 wrote: »
    If you look on yahoo, there are loads of adverts with fake celebrity endorsements. Martin was included in those.

    Is Surge still advertising bonds like these?

    I believe they were selling Blackmore Bonds...a different structure but similar type of thing, backed by two glorious bastions of humanity n and mc shall we say, who have previously relieved people of their hardearned money.
    https://pension-life.com/blackmore-bond-shaken-not-stirred-careless-or-stupid/
  • dunstonh
    dunstonh Posts: 119,817 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Wish Martin Lewis would get involved

    Why would he get involved?
    Remember that MSE banned members who were critical of LS&E. I don't think anyone supporting LC&F got banned.

    MSE actually has a poor record on this front. I know they have to protect themselves from legal action but even this week, I have been contacted by MSE Investigator about another company whose solicitors have written to MSE to get negative posts about them removed.

    That is about the 5th time over the years I have had that and in each case, the company in question went on to fail taking consumer money with them.

    MSE's approach is not to look into whether these companies are genuinely dirty but instead to scare the hell out of the poster so the posts get deleted.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • I invested some money in this company as it was top of the list on the MSE website. I know it is not FCA protected but it was approved by them and their literature was very reassuring. It now seems that this company is in administration and a lot of people are likely to lose money. I know that I am responsible for making the ultimate decision but I would like to know how much is done to check out these companies before they are placed as the top bond investment on the MSE page. I was far too trusting of the Martin Lewis brand and wrongly assumed that it would not be on their site if it was a dodgy company, which it now appears to be. This is not a case of investments not doing well, it seems to be mis selling. How are companies checked before they are allowed on the MSE site? Be careful, things may not be as they appear. Luckily I did not put all my eggs in one basket, but some poor folks did.
  • Malthusian
    Malthusian Posts: 11,055 Forumite
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    I invested some money in this company as it was top of the list on the MSE website.

    No it wasn't.

    You aren't the first person to assert this but there is no evidence that LCF was ever promoted or even mentioned by MSE (outside user-generated content on the forums).

    It is likely you were looking at a website that imitated MSE but wasn't MSE itself.

    Someone above has mentioned moneyexpert.com (no "saving"), but I can't see that LCF was ever promoted there either. It could have been removed, of course, but web.archive.org turned up nothing.
  • eskbanker
    eskbanker Posts: 37,454 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I know that I am responsible for making the ultimate decision but I would like to know how much is done to check out these companies before they are placed as the top bond investment on the MSE page. I was far too trusting of the Martin Lewis brand and wrongly assumed that it would not be on their site if it was a dodgy company, which it now appears to be. This is not a case of investments not doing well, it seems to be mis selling. How are companies checked before they are allowed on the MSE site?
    I agree with Malthusian that I don't believe LC&F were ever promoted on MSE but in any case suggest you scroll down to the foot of the page and read the detail there:
    How this site works

    We think it's important you understand the strengths and limitations of the site. We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong.
    • This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service.

    • We often link to other websites, but we can't be responsible for their content.

    • We don't AS a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the section 75 guide for protection tips).

    • Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
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