London Capital and Finance

londoninvestor

Aretnap wrote: »

True, though as Malthusian hinted at, if the directors are treating this as one last gig before they retire, the threat of disqualification is not exactly a huge deterrent.

Sadly true.

eskbanker

digannio wrote: »

Regardless of how the law stands with all of this or the morality of how misleading and unfair tactics were used to draw people in, the following must really stick in the craw of those who invested their savings:


LCF’s chief executive {text removed by MSE Forum Team} lives {text removed by MSE Forum Team} with no mortgage and spends lavishly on his passion for eventing.

He has reputedly bought another equestrian farm nearby. He has used LCF money to sponsor equestrian events and his daughter’s eventing career through the family company, GT Eventing. Locals say the family has become extremely wealthy in recent years.

{text removed by MSE Forum Team}, chief executive and owner of Surge Financial, the marketing operation which was taking commissions of 20% from LCF for selling its bonds, bought a £1.5 million helicopter in December and reputedly had a new £310,000 Aston Martin delivered in the same month, adding to his black Ferrari reputedly delivered in the summer.

Note to lawyers and forum admins: these aren't the words of an MSE poster, they're published at https://www.standard.co.uk/business/angry-investors-attack-collapsed-highrisk-bond-company-london-capital-finance-a4055421.html

londoninvestor

{text removed by MSE Forum Team}

I think if I was a bondholder, I might be turning up with a placard and megaphone at the equestrian events and making sure the media knew...

System

Londoninvestor....I agree, if only the story got out to mainstream media , it might save some other people.

masonic

{text_removed_by_MSE_Forum_Team} wrote:

Londoninvestor....I agree, if only the story got out to mainstream media , it might save some other people.

Or maybe it wouldn't... https://forums.moneysavingexpert.com/discussion/comment/75361950#Comment_75361950

Enduro_boy

Why ? Do you have it ?

Botheredin

No but someone must and I'd love to have a word via phone or email about their practices

MimsieV

I know where I would stick the placard

Enduro_boy

If you Google "Osborne house horse trials" 2018 you can see that {text removed by MSE Forum Team} was throwing £60k prize money about backed by LCF ! Making out he was soooooo generous, using other people's cash.

masonic

It would be rather a shame if this whole thread, full of really useful information, got deleted because a few posters were unable to exercise some self-restraint.