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SVS Securities - shut down?

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  • Icyberg
    Icyberg Posts: 8 Forumite
    First Post
    A big joint thank you to SVS Securities, Leonard Curtis and the almighty ITI Capital for costing me literally £1000's over the past 18 months and for the many hours I wasted composing constructive e-mails, that were largely to be ignored. 
    I can now say, all is well at long last and I'm happily trading again, but this time with a well established reputable broker. Lesson learnt - The cheapest are NEVER the best.
  • Ravima
    Ravima Posts: 48 Forumite
    Second Anniversary 10 Posts
    I just read that one can lodge complaints with London Metropolitan Police online. I wonder if this would light a fire under ITI if complaints were made there?
  • eskbanker
    eskbanker Posts: 37,323 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ravima said:
    I just read that one can lodge complaints with London Metropolitan Police online. I wonder if this would light a fire under ITI if complaints were made there?
    If you have evidence of criminal activity then no doubt the police would like to hear about it, but they'll be somewhat less enamoured to have their time wasted with tales of administrative delays that clearly don't constitute theft, etc....
  • Sheris
    Sheris Posts: 208 Forumite
    100 Posts Second Anniversary Name Dropper
    eskbanker said:
    Ravima said:
    I just read that one can lodge complaints with London Metropolitan Police online. I wonder if this would light a fire under ITI if complaints were made there?
    If you have evidence of criminal activity then no doubt the police would like to hear about it, but they'll be somewhat less enamoured to have their time wasted with tales of administrative delays that clearly don't constitute theft, etc....
    Delays in with holding monies is theft and Corporate Fraud.
  • eskbanker
    eskbanker Posts: 37,323 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 5 March 2021 at 2:15AM
    Sheris said:
    eskbanker said:
    Ravima said:
    I just read that one can lodge complaints with London Metropolitan Police online. I wonder if this would light a fire under ITI if complaints were made there?
    If you have evidence of criminal activity then no doubt the police would like to hear about it, but they'll be somewhat less enamoured to have their time wasted with tales of administrative delays that clearly don't constitute theft, etc....
    Delays in with holding monies is theft and Corporate Fraud.
    Only in the minds of some of the more hysterical and imaginative posters on this thread - those with a calmer and more rational perspective don't have much difficulty in spotting the flaws in that line of argument, such as it is: https://forums.moneysavingexpert.com/discussion/comment/77722795/#Comment_77722795

    Having said that, the point still applies - anyone with evidence of actual crime should of course report it to the police, but allegations of theft or fraud would need to be supported with something considerably more compelling and rigorous than 'I don't have access to my money so ITI must have stolen it'!
  • Sheris
    Sheris Posts: 208 Forumite
    100 Posts Second Anniversary Name Dropper
    eskbanker said:
    Sheris said:
    eskbanker said:
    Ravima said:
    I just read that one can lodge complaints with London Metropolitan Police online. I wonder if this would light a fire under ITI if complaints were made there?
    If you have evidence of criminal activity then no doubt the police would like to hear about it, but they'll be somewhat less enamoured to have their time wasted with tales of administrative delays that clearly don't constitute theft, etc....
    Delays in with holding monies is theft and Corporate Fraud.
    Only in the minds of some of the more hysterical and imaginative posters on this thread - those with a calmer and more rational perspective don't have much difficulty in spotting the flaws in that line of argument, such as it is: https://forums.moneysavingexpert.com/discussion/comment/77722795/#Comment_77722795

    Having said that, the point still applies - anyone with evidence of actual crime should of course report it to the police, but allegations of theft or fraud would need to be supported with something considerably more compelling and rigorous than 'I don't have access to my money so ITI must have stolen it'!
    eskbanker, Did you experience the SVS, lets say lockdown, with further problems with ITI ?   
  • eskbanker
    eskbanker Posts: 37,323 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sheris said:
    eskbanker, Did you experience the SVS, lets say lockdown, with further problems with ITI ?   
    No, but why would that be relevant?  I'm perfectly capable of understanding the frustration felt by SVS/ITI investors but lack of direct personal experience doesn't preclude me from pointing out how inappropriate it is for them to assert that delay is a police matter!
  • Sheris
    Sheris Posts: 208 Forumite
    100 Posts Second Anniversary Name Dropper
    edited 5 March 2021 at 8:54PM
    eskbanker, Are you a ex policeman, or still employed in a similar position ?    
  • eskbanker
    eskbanker Posts: 37,323 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sheris said:
    eskbanker, Are you a ex policeman, or still employed in a similar position ?    
    No, but I can't say I'm particularly minded to engage in some sort of game of Twenty Questions!  If you wish to debate the issue at hand rather than pursuing the ad hominem stuff, feel free to construct an argument that supports an assertion of actual criminal activity with some facts....
  • IanManc
    IanManc Posts: 2,452 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Sheris said:

    Delays in with holding monies is theft and Corporate Fraud.
    You don't need to be an ex-SVS customer or an ex-policeman to know that you're wrong.  🙄
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