London Capital and Finance

atush

That happened to me a few times. i let them take down the posts.

The companies involved ae gone now.

rr755507

westv wrote: »

Or the OP just made it up.

No, I've seen at least 5 people mentioned they saw it on MSE. They are all of course wrong, but I don't doubt they think they saw it on MSE.

Supercalafragalistic

Martin Lewis just struck me as a thoroughly decent sort with a big heart, so i thought he might be interest in helping as this sort of thing seems right up his street

masonic

Supercalafragalistic wrote: »

Martin Lewis just struck me as a thoroughly decent sort with a big heart, so i thought he might be interest in helping as it seems up his street

The ONS estimates there to have been in excess of 3 million offences of fraud in the year ending September 2017. Those are criminal offences, such as push payment fraud, advanced fee fraud. In the first half of 2018, £145m was lost to push payment fraud alone and the vast majority of victims were unable to recover any of the stolen funds. Clearly this isn't Martin Lewis' focus, so any time he spends campaigning on such issues would be best served addressing those that affect the most people. If he tried to take on smaller issues such as 11,000 people being seriously misled about an investment scheme, he wouldn't have much time for anything else.

I'm not quite sure what good it would do anyway - anyone who is aware of this site, or Martin's weekly email will know how to find the best interest rates and ought to be able to smell a rat when they see rates three times higher being advertised. His television and radio appearances are generally limited and focused on a particular issue probably not of his choosing.

verybigchris

It'd be great if MSE released the details of all the communication they've had with LC&F, even if we have to wait until the dust settles before we get to the bottom of it. It would be a valuable insight into the tactics dodgy investment firms use to try and protect their scams, and would help us to fight back. Sadly, I think MSE will simply keep schtum.

Supercalafragalistic

https://bondreview.co.uk/2019/03/13/london-capital-finance-roundup-administrator-forecasts-80-losses-and-did-the-fscs-say-that-lcf-is-covered/

AnotherJoe

atush wrote: »

That happened to me a few times. i let them take down the posts.

The companies involved are gone now.

Ditto. I have started to word my posts much more carefully now.

Malthusian

Same here, and I haven't had a legal threat passed on to me by MSE for about two years now.

Some threads have simply been deleted wholesale however. The one on MJS Capital was one of the most notable examples. The obvious way to get an entire thread deleted is to make a legal threat against the original poster, who almost certainly won't supply their full name and address to stand behind their post (they're unlikely to even read MSE's email). Delete the original post and you delete the thread, including all replies.

However the OP in that case, verbatim and in full, was simply "Hello, has anyone heard of or had any experience (positive or adverse) with the FI Bonds offered by MJS Capital?", which even by the UK's standards is impossible to even begin to portray as libel. So there was nothing to stop MSE telling MJS to refer to the precedent set by Arkell v Pressdram.

Reaper

Malthusian wrote: »

The one on MJS Capital was one of the most notable examples.

Ah good old MJS Capital. I see Bond Review has a rather splendid quote from them at the top of every page
https://bondreview.co.uk/

jimjames

Supercalafragalistic wrote: »

https://bondreview.co.uk/2019/03/13/london-capital-finance-roundup-administrator-forecasts-80-losses-and-did-the-fscs-say-that-lcf-is-covered/

Quite a worrying number in that article from the administrator this week that suggests 80% loss as a base point, I believe that 90% may be more likely. I was slated originally for suggesting that bondholders might have lost their money but it looks like that prediction might not be far off.