Moneda Capital Warning

Frequentlyhere

masonic said:

jifmoose said:

The SFO, working closely with the FCA, are also taking a very close interest in London Capital & Finance’s conduct, with five individuals already arrested and released under investigation including Paul Careless: the founder of ‘Surge Financial’ 

Some spectacular nominative determinism there

If the FCA call in the administrators, hopefully they'll appoint this one: https://www.bdo.co.uk/en-gb/our-people/shane-crooks

Good spot, but I hope not for those affected in reality. Probably some other forum members and I have the pleasure of this combo hosting the administration of Collateral P2P lending. We're now 7.5 years into this process......

Though hopefully this won't take as long as it doesn't involve property ( I hope..).

jimjames

Frequentlyhere said:

masonic said:

jifmoose said:

The SFO, working closely with the FCA, are also taking a very close interest in London Capital & Finance’s conduct, with five individuals already arrested and released under investigation including Paul Careless: the founder of ‘Surge Financial’ 

Some spectacular nominative determinism there

If the FCA call in the administrators, hopefully they'll appoint this one: https://www.bdo.co.uk/en-gb/our-people/shane-crooks

Good spot, but I hope not for those affected in reality. Probably some other forum members and I have the pleasure of this combo hosting the administration of Collateral P2P lending. We're now 7.5 years into this process......

Though hopefully this won't take as long as it doesn't involve property ( I hope..).

I guess the question will be whether it involves any assets at all

ivormonee

jimjames said:

I guess the question will be whether it involves any assets at all

Ha! Ha! Love that! Sadly, there may be a lot of truth in that.

AshleeG

jimjames said:

There have been a few threads in the past about Moneda Capital that seem to have disappeared . The bank they claimed to be working with has confirmed that they have no contractual relationship with them but interestingly Moneda Capital has now amended their advertising.

Although they are still targeting social media (Instagram/Facebook) their ads now include the line that it is only for High Net Worth or sophisticated investors. Rather odd if these are deposit accounts protected by FSCS as they claimed previously but now says no FSCS. I wonder if FCA have been in touch to get changes made?

After they were claiming to be offering bank deposits previously Moneda are now saying the capital is at risk and returns aren't guaranteed. Anyone considering them should make sure they know exactly where there money is going and contact the relevant bank to be sure.

I invested my life savings into a Moneda savings account at the end of April 2025 that was offering 4.75% after I'd done a Google search for fixed rate savings accounts, where a website came up with a list of companies to invest with and they were one of them. I'd previously registered with Raisin UK to get a savings account with them (I wish I had stuck with them now) but as they'd been dragging their heals about getting back to me after registering with them and a week having gone by with no contact from them about them having opened an account for me (Thanks Raisin. You idiots), I decided to register with Moneda who were much quicker to respond. So I did the bank transfers with a 'Senior Portfolio Manager' called Harry Gill who advised me that my funds would be protected by FCA and the FSCS. And again, I only decided to go with them because of the Google reviews, Trustpilot reviews and Glassdoor reviews which were all 4.5 to 4.8 out of 5...and the one that gave me the most piece of mind was the 250 reviews on Trustpilot. Now at this point, I'm thinking that the majority of these reviews are fake but you just wouldn't think someone would spend all that time and effort to leave 250 reviews! Crazy. so now this week on Tuesday, I tried to log into my account via their website at monedacapitalgroup.com and that notice about them being investigated by the FSA was on there and was preventing me from logging in. I then looked up the investigation of Moneda on Google and it told me that they're under investigation because they are NOT covered by the FCA and the FSCS...and I had a terrible sinking feeling me stomach as I realised I'd been scammed. And now I'm extremely worried

masonic

AshleeG said:

I only decided to go with them because of the Google reviews, Trustpilot reviews and Glassdoor reviews which were all 4.5 to 4.8 out of 5...and the one that gave me the most piece of mind was the 250 reviews on Trustpilot. Now at this point, I'm thinking that the majority of these reviews are fake but you just wouldn't think someone would spend all that time and effort to leave 250 reviews! Crazy

It is likely that many of the reviews were genuine. Because they created an excellent customer journey. Most people leave a review soon after handing over their money. Very few leave a review only after taking it all out, and among those are probably some fake ones. It's much easier to build a good reputation on social media than build a business. And this frees up more time to make your "customers" feel looked after.

Aretnap

masonic said:

AshleeG said:

I only decided to go with them because of the Google reviews, Trustpilot reviews and Glassdoor reviews which were all 4.5 to 4.8 out of 5...and the one that gave me the most piece of mind was the 250 reviews on Trustpilot. Now at this point, I'm thinking that the majority of these reviews are fake but you just wouldn't think someone would spend all that time and effort to leave 250 reviews! Crazy

It is likely that many of the reviews were genuine. Because they created an excellent customer journey. Most people leave a review soon after handing over their money. Very few leave a review only after taking it all out, and among those are probably some fake ones. It's much easier to build a good reputation on social media than build a business. And this frees up more time to make your "customers" feel looked after.

Indeed. I remember reading a plethora of five star Trustpoilot reviews for the infamous London Capital and Finance. The large majority were from people who had found handing their money over to Mr Ponzi to be a smooth and effortless process. Often they were also very impressed by the fact that they were able to see their (entirely fictional) balance online, as if that was a thing of wonder and not the bare minimum that you would expect from a savings or investment website. Virtually none were from people who had successfully extracted their money from Mr Ponzi. 

A bit like leaving a five star review for a used car dealer that says "The car he sold me is fantastic - it has four wheels. One day I'm going to try taking it for a drive."