London Capital and Finance

jimjames

adindas wrote: »

Like any other investment product there is always be a risk that you will lose all of hard earning cash.

Problem is that many people didn't know it was an investment product with risks. FCA agreed that the marketing was misleading which is why they eventually acted.

https://damn-lies-and-statistics.blogspot.com/2019/01/london-capital-finance-fca-notice.html

Supercalafragalistic

adindas wrote: »

Typical mug is the one who wanted to find someone to blame to other for their own fault.

There are already tons of warnings on this MSE forum regarding LC&F. In the past it is almost on daily basis.

Like any other investment product there is always be a risk that you will lose all of hard earning cash.

Its great to see the milk of human kindness is flowing so freely. Thankyou for your warmth and deep insight.

billyolly

adindas wrote: »

Typical mug is the one who wanted to find someone to blame to other for their own fault.

There are already tons of warnings on this MSE forum regarding LC&F. In the past it is almost on daily basis.

Like any other investment product there is always be a risk that you will lose all of hard earning cash.

As humans we all do things we later regret but it’s not pleasant to be constantly reminded about them .Its a bit disappointing that people keep popping up on MSE reminding bond holders about there mistake.I personally seek no sympathy for my mistake but bondholdes have been accused of being old and greedy why not blame them for Brexit.

Botheredin

billyolly wrote: »

As humans we all do things we later regret but it’s not pleasant to be constantly reminded about them .Its a bit disappointing that people keep popping up on MSE reminding bond holders about there mistake.I personally seek no sympathy for my mistake but bondholdes have been accused of being old and greedy why not blame them for Brexit.

The bottom line is a slick marketing machine was put in place by professionals in their "field" and £236m got spent by a select few. People have already suffered life changing consequences from this and others will undoubtedly suffer worse. Such a shame.

Supercalafragalistic

Botheredin wrote: »

The bottom line is a slick marketing machine was put in place by professionals in their "field" and £236m got spent by a select few. People have already suffered life changing consequences from this and others will undoubtedly suffer worse. Such a shame.

Yes indeed life changing, and certainly for one person i am aware of, end of life changing. They have a few months left and had hoped to leave a legacy so their family could manage more easily. Not greedy, not a ‘mug’..just a decent family man who was bamboozled and tricked by a slick marketing campaign.
Unfortunately the stress of this is making what was already a terrible time ,unbearable.

The people who cooked this up were undoubtedly smart people ,using every loophole they could find. Even if people are fully compensated (which is unlikely) the protaganists have unleashed so much bad into the world. Its so unneccessary. And so cruel, with minds like this they could have put something positive out there. Whats the point of destroying people for sport, to buy uneccessary trinkets,whilst driving some to the edge, some to the end, and causing worry and hassle for 1000’s...? So they can pose with an expensive bit of metal on their wrist at the expense of someones peace of mind in their dying days.....to stand next to car, telling people it only took them 60 seconds to make the decision to buy, when a 58 year old has a long slow road ahead losing her family home because of this stupid blxxdy plan? Or maybe showing off in a helicopter , thinking their blxxdy bobby axelrod, and someone else, a real, decent ,human being has tonight attached a hose to their exhaust as they cant stand that they have let down their family.
Whats happened to the people who cooked this up...how did they become so innured to the misery of others.Theyve got mums n dads, sisters and brothers too...they must have known what it is to love and hurt and lose too....is it all just about their sodding ego’s? Theyve not just destroyed lives, they have blood on their hands.

doe808

billyolly wrote: »

why not blame them for Brexit.

I dont think even the harshest on here would go that far :rotfl:

londoninvestor

Reaper wrote: »

Regarding Surge/RPDigitalservices although everybody expects the SFO to start wading in have they actually done anything illegal?

* They charged LCF excessive fees - but that alone is not illegal unless it was part of a wider arrangement.
* They used deceptive ads - but they were signed off by regulated firm LCF so doesn't that shift the blame to LCF?
* Their staff told lies on the phone to prospective investors on behalf of LCF - is there any proof of this that would stand up in court?

I hope there is something that will stick but nothing springs to mind.

If a company perpetrates a scheme that amounts to fraud, and an individual is not a director or employee of that company, but is closely involved in designing the scheme, and profits from it - couldn't they still face prosecution for the fraud?

Botheredin

londoninvestor wrote: »

If a company perpetrates a scheme that amounts to fraud, and an individual is not a director or employee of that company, but is closely involved in designing the scheme, and profits from it - couldn't they still face prosecution for the fraud?

Depends how committed the law enforcement teams are and whether CPS gets on board.

Malthusian

doe808 wrote: »

I dont think even the harshest on here would go that far

Given the demographic of LCF investors it's only matter of time.

Victim-blaming is an ancient tribal ritual which helps the general population sleep easy at night thinking it won't happen to them.

Supercalafragalistic

Posted on facebook london capital and finance forum

The BBC’s RIP Off Britain would like to run a story about how LCF drew people in to buy their ISA offering.
They would like to interview anyone who bought an isa and feels that it wasn’t made clear to them that they were actually buying a bond or mini bond and that it wasn't a regulated product.
Please be aware that you will appear on camera, on national TV, if you do this.
If you feel that you are able to do this, can you pm me your details - name and contact number - and I will pass it on to their contact.
Thank you