LCF Bondholders @LCFBondholders Twitter profile

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LCF Bondholders

@LCFBondholders

6 years

This account represents the 1,500+ members of the London Capital & Finance Bondholders Facebook page, campaigning for redress for all LCF bondholders following the collapse of #LCF #LCFBailout #GovBAILOUT #justice4investors #LCFFraud #FCAFailureToProtect

London Capital & Finance: Where did the money go?

The administrator of a £236m collapsed investment finds money in "personal possession or control" of four people.

www.bbc.com

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LCF Bondholders

@LCFBondholders

5 years

The outcome of the LCF independent investigation should be heard before Andrew Bailey leaves @TheFCA .

John McDonnell

@johnmcdonnellMP

5 years

The Chancellor should postpone Mr Bailey’s installation as Governor of the Bank of England until an independent inquiry into failures of financial regulation during Mr Bailey’s tenure as Chief Executive of the Financial Conduct Authority has taken place. #TreasuryQuestions

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LCF Bondholders

@LCFBondholders

5 years

LCF savers are taking legal action against @FSCS @TheFCA and @FSCS have endorsed dodgy loopholes, attempted to re-label ISA accounts as “high risk mini-bonds” so as to blame investors and generally sought to wash their hands of the affair.

Standard City

@standardcity

5 years

Victims of LCF scandal launch legal action for compensation

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LCF Bondholders

@LCFBondholders

3 years

The City regulator is facing new criticism over its handling of the £237 million London Capital & Finance investment scandal from an independent commissioner.

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LCF Bondholders

@LCFBondholders

4 years

FSCS Judicial Review - the court case will start Tuesday 19 January for 3 days. More details for dialling in will follow.

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LCF Bondholders

@LCFBondholders

4 years

All MPs have been contacted by LCF savers. Many have replied with their expressed wish for @hmtreasury to set up a compensation scheme.

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey has invited us in for tea and a chat at The Solidarity Protest @TheFCA

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LCF Bondholders

@LCFBondholders

4 years

Charles Randell tells @rushanaraali “the FCA aren’t the primary cause of harm but they made big mistakes”. Their mistake was their failure to protect innocent savers and authorised a Ponzi scheme selling bonds and ISA’s. Savers did not buy mini bonds.

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LCF Bondholders

@LCFBondholders

5 years

The irony! 13 Feb 2020 - @TheFCA updated LCF Q&A's which included: "consider the possible dangers of sharing your personal information and experience". 2 words are missing at the end: “with us”.

London Capital and Finance plc

February 2022 update – fake correspondence warning Together with the Serious Fraud Office (SFO), we continue to investigate the circumstances surrounding the sale of mini-bonds and ISA bonds by...

www.fca.org.uk

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LCF Bondholders

@LCFBondholders

4 years

Former judge hits out at watchdog over delays to savings collapse investigation. Protesters outside the FCA meet with the FCA's then CEO Andrew Bailey to make complaints about being victims of bank fraud on 6th Dec 2019.

Former judge hits out at watchdog over delays to savings collapse investigation

The collapse of London Capital & Finance left 11,600 ordinary investors at risk of losing £237m

www.telegraph.co.uk

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey jeered at during public meeting The LCF spotlight burns brightly. Re Lendy, @TheFCA is “investigating itself” & putting itself in a position where it determines whether it’s own failure might give rise for the need for compensation.

Andrew Bailey jeered at during public meeting

The boss of the City regulator, who is a frontrunner to become the next Bank of England governor, has come under fire after a public meeting held by the watchdog descended into jeering.Andrew Bailey,...

www.thetimes.com

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LCF Bondholders

@LCFBondholders

5 years

If auditors are responsible for spotting fraud in company accounts, the assumption has to be that they don’t actually audit accounts at all. LCF Fraud was prolific. If it’s clearly obvious to bondholders- how could Ernst & Young & @PwC ignore it? @ianbeckett @premnsikka @FRCnews

Jo Rossouw

@JoanneRossouw

5 years

He added that he was only concerned by the Big Four’s stranglehold of the listed audit market [...] and insisted that auditors are responsible for spotting fraud in company accounts.

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LCF Bondholders

@LCFBondholders

4 years

Following overwhelming support from MP’s, we have now written to @JohnGlenUK on behalf of the 2000+ LCF Bondholders in our group. The 17/12 announcement was vague leading to great anxiety. For many, time is now critical. Can bondholders expect the return of their capital in full?

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LCF Bondholders

@LCFBondholders

4 years

1. LCF was not a firm that flew under the radar. It advertised prominently & its bosses were well known. When its bonds started failing, investors shouted loudly. Yet regulators seemed to be blind & deaf to all the signs that something was going wrong.

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey & @TheFCA are facing even more criticism over regulatory failure. @FT has discovered something else that the FCA doesn’t do! FCA cannot be trusted with its supervisory and enforcement activities. A government review is urgent as investors feel at risk.

Financial Times

@FT

5 years

FCA blindsided by investment fund suspensions

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LCF Bondholders

@LCFBondholders

5 years

1. @FSCS seriously misled savers with their email replies to the question “is LCF FSCS protected”. They stated “LCF are authorised by the FCA and therefore covered by the FSCS up to £50,000. Having done due diligence with @FCA & FSCS, savers invested £000s in bonds & ISAs.

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LCF Bondholders

@LCFBondholders

4 years

Andrew Bailey has officially apologised to LCF Bondholders.

London Capital and Finance: Report reveals regulator's flaws

Bank of England governor Andrew Bailey apologises for his role after investors lost huge sums.

www.bbc.co.uk

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey should resign over countless @TheFCA scandals of gross regulatory failure AND make amends with compensation for his countless victims.

SCM Direct

@SCMDirect

5 years

SCM's Alan Miller says Woodford debacle highlights need for independent ‘root and branch review’ of @TheFCA . He believes investors are being ‘appallingly neglected’ under Mr. Bailey ‘who should do the honourable thing & resign’ via @thisismoney

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LCF Bondholders

@LCFBondholders

5 years

John Russell-Murphy of LCF and Surge always had a great deal to say when lying in person to 30 wealthy investors. He has now declined all invitations to meet the administrator who have now forced a meeting under S236 of the Insolvency Act. @FSCS @APPGbanking @TheFCA

Ian Beckett

@ianbeckett

5 years

@retheauditors @premnsikka The Telegraph’s @RachelMillardAS ’s piece today on the #LCF crews John Russell-Murphy .. we’ll be hearing a lot more very soon about the “dark world” of John Russell-Murphy and the remainder of the “Grosvenor Motley Crew” ..

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LCF Bondholders

@LCFBondholders

3 years

Regulation is a word no longer trusted. No matter how you spin the brave new word, it is not going to work unless the foundations of the FCA are changed.

The virtual metaverse requires very real-world regulation - CityAM

Regulators tend only to emerge in the spotlight of public scrutiny when something goes wrong. FCA bosses have spent the last couple of years being wheeled Regulators tend only to emerge in the...

www.cityam.com

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LCF Bondholders

@LCFBondholders

4 years

Mini bonds shouldn’t be promoted in MSM. @TheFCA is still clearing up the mess in the wake of the London Capital & Finance scandal. Retail investors need to avoid mini bonds like the plague.

Harriet Dennys

@harriet_dennys

4 years

Freddie Garland, the founder of Freddie's Flowers, explains why he's launching a Flower Bond tomorrow to raise up to £10m to grow his flower delivery business. Investors must put in at least £2,500 and will be paid interest in either cash or flowers. See returns below...

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LCF Bondholders

@LCFBondholders

5 years

To beat the scammers, everyone should read this by @marymcdougall13 Don’t use Google for investments. Financial crime is mushrooming & diligent savers are repeatedly getting caught up in sophisticated scams – don’t assume investment fraud is limited to naive people . . .

Investors' Chronicle

@IChronicle

5 years

This week's articles 28 February 2020

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LCF Bondholders

@LCFBondholders

5 years

The @FSCS Facebook post “gloating” on compensation to just 159 LCF victims was incredibly insensitive with no empathy shown to the 11,000 thrown to the wolves. Such is their pursuit to portray a positive impression. it was neither fair or balanced.

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey’s Bank of England appointment faces challenges. via @ft

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LCF Bondholders

@LCFBondholders

5 years

Man found guilty of £13m investor fraud & will get a custodial sentence. Investors unknowingly put money into his “personal slush fund” The Judge called it fraud on a shocking scale. How would the LCF fraud of £237m be described?

Fraudster Alistair Greig guilty of 'shocking' £13m investment 'lie'

Some investors lost their life savings as Alister Greig used their money for his "personal slush fund".

www.bbc.co.uk

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LCF Bondholders

@LCFBondholders

5 years

Kevin Hollinrake launches bid to become the Treasury Select Committee's new chairman Great news for LCF investors who he has supported as co-chair ⁦ @APPGbanking ⁩. A genuine sense of fairness in a failing regulatory system is exactly what we need.

Kevin Hollinrake: Let me lead MPs in a banks crackdown

Kevin Hollinrake launches his bid to take on one of Parliament's most senior non-Ministerial job: the chairmanship of the Treasury Select Committee.

www.thisismoney.co.uk

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LCF Bondholders

@LCFBondholders

5 years

LCF - An enormous spider’s web of fraudulent and money laundering transactions overlooked by @TheFCA and auditors @PwC @EYnews despite clear evidence as large as a rat crawling over their accounts.

Ben Martin

@Benjaminwmartin

5 years

Firm linked to the £237m LCF minibond scandal struck off the company register

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey will appear at the Treasury Select Committee on Wed March 4 at 10.15am, chaired by @JohnGlenUK His suitability as Governor of the @bankofengland will be scrutinised. All financial victim groups can’t allow a whitewash. Watch it live.

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LCF Bondholders

@LCFBondholders

4 years

Supporting Thomas Donegan @ShearmanLaw on the LCF judicial review is a team of 3 barristers: Jamie McClelland, Tim Johnston & Charlotte Thomas of @brickcourt For 8 months they’ve given up valuable time - free of charge on this intense & challenging case.

Brick Court Chambers

@brickcourt

4 years

Administrative Court grants permission for London Capital & Finance bondholders’ judicial review against the FSCS to proceed, Jamie McClelland, Tim Johnston and Charlotte Thomas instructed by @ShearmanLaw for the claimants:

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LCF Bondholders

@LCFBondholders

4 years

1. Antony Stanfeld's submission to @CommonsTreasury on economic crime. Fraud is now costing the UK economy as much as the entire NHS. The annual figure for fraud given by the National Crime Agency is over £190Bn based on figures from 3 years ago. . .

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LCF Bondholders

@LCFBondholders

5 years

London Oil & Gas accounts are inaccurate, say administrators - via @Benjaminwmartin @thetimes Many concealed assets belong to LCF. How could @TheFCA @PwC @EYnews miss this massive fraud? @FSCSbusiness @MarkTaber_FII @APPGbanking @sra_solicitors @UKSFO

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LCF Bondholders

@LCFBondholders

4 years

@SteveBakerHW @CommonsTreasury raised the issue of consumers taking responsibility for investment decisions. The risk of market changes, interest rate fluctuations are acceptable. The risk of an FCA regulated firm being a fraudulent ponzi was not an acceptable consumer risk.

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LCF Bondholders

@LCFBondholders

5 years

EY has been threatened with court action over the collapse of LCF if they don’t cooperate with administrators. They overlooked clear evidence of fraud and money laundering as clear as a rat crawling over the accounts.

City A.M.

@CityAM

5 years

Ex-EY partner wins $11m gold smuggling cover-up case against firm

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LCF Bondholders

@LCFBondholders

4 years

This gives LCF savers the hope that the LCF crew and associates will finally be held to account.

Jim Armitage

@ArmitageJim

4 years

Sensational stuff here as London Capital & Finance administrators sue 13 executives for £178m. Lawyers tell me it could trigger further allegedly connected cases where pensioners lost big money

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LCF Bondholders

@LCFBondholders

4 years

Following the toxic mix of shocking revelations & allegations in last weeks judgment on the LCF crew and their alleged nefarious activities, there are major questions for auditors BDO, EY, PWC .. major questions that MUST be answered ..

Ian Beckett

@ianbeckett

4 years

@retheauditors @premnsikka With more ICAEW members/FCA authorised ops/bods & lawyers involved than you can shake a stick at, we are left pondering after last weeks high court case judgement .. who (if any) filed SAR’s … and when ?

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LCF Bondholders

@LCFBondholders

5 years

PwC overlooked a massive trail of fraud in the #LCF accounts and had a role to play in the loss of £millions of innocent investor savings. LCF investors consider @PwC tainted as well as @TheFCA

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LCF Bondholders

@LCFBondholders

4 years

Official press statement from the LCF judicial review claimants and Shearman & Sterling. We are appealing.

UK court rules LCF bondholders not eligible for compensation

Bondholders hit by the collapse of investment firm London Capital & Finance (LCF) cannot recover their losses under Britain's Financial Services Compensation Scheme, a UK High Court ruled on Monday.

www.reuters.com

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey admits @TheFCA warrants criticism but says he can’t stop risky products. But surely the risks can be massively reduced if the FCA didn’t authorise known fraudsters like the LCF directors.

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LCF Bondholders

@LCFBondholders

3 years

FCA ex gratia payments for complaint delays are showing on bank statements as The Financial Con. We agree with this honest and concise description of themselves.

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LCF Bondholders

@LCFBondholders

5 years

1/2 56 Bondholders spoke at @TheFCA meeting with Dame Gloster today.The final observation was made by Neil Liversidge - the IFA who raised the initial warnings in 2015. He stated “Risk warnings are not the issue. The easiest way to commit fraud is to set up a bogus investment. .

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LCF Bondholders

@LCFBondholders

4 years

Andrew Bailey faces grilling on LCF fallout.

Andrew Bailey faces grilling on LCF fallout

The former chief executive of the UK's financial regulator is set to appear in front of MPs to answer questions on the London Capital & Finance scandal which unfolded under his watch.

www.ftadviser.com

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LCF Bondholders

@LCFBondholders

5 years

The combination of @MartinSLewis and @MarkTaber_FII in a concerted campaign to STOP scam financial ads on social media will force @TheFCA and @Google to work together to prevent financial harm to consumers.

Mark Taber 🇺🇦

@MarkTaber_FII

5 years

@MartinSLewis @MartinLewis @GoogleAds @Moneybox @paullewismoney Thanks Martin - would love to join up on this. Only real solution is change to law so that platforms operating outside of UK (Google, FB etc. ) are covered by UK financial promotions laws which would make them liable for the ads they publish. Currently @theFCA is powerless.

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LCF Bondholders

@LCFBondholders

5 years

Simon Hume Kendall - LCF Fraudster has tried to conceal documents by saying it’s privileged information with his lawyer. At court, the judge said otherwise. The other 3 fraudsters - Andy Thomson, Elten Barker & Spencer Golding are tight lipped.

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LCF Bondholders

@LCFBondholders

4 years

The next @CommonsTreasury meeting with Dame Gloster is February 1st. A week before the Andrew Bailey meeting with MPs.

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LCF Bondholders

@LCFBondholders

4 years

An undercover Times reporter exposed call handlers mocking victims. They were misled into thinking their reports were being taken seriously. Victims including LCF victims were mocked as “morons” at the same time as they were being called “Greedy, ignorant OAPs” by @TheFCA

Paul Lewis

@paullewismoney

4 years

The ridiculously named ‘Action’ Fraud to be replaced. It was a black hole in which fraud reported by the public disappeared. Fraud is now so huge the new body will need massive resources or suffer the same fate....

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LCF Bondholders

@LCFBondholders

5 years

We never asked for a Mini Bond. We thought we were buying a secure, asset backed, @TheFCA regulated Bond from a company with integrity. Not criminals - #SimonHumeKendall #AndyThomson #RobertSedgwick #PaulCareless

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LCF Bondholders

@LCFBondholders

5 years

Stop Press - Solidarity protest at @TheFCA 6 December Meet at 10:00am onwards Lloyds, CYBG, VirginMoney, Mortgage Prisoners, RBS, Nat West, LCF Bondholders, Diylaw Personal Guarantees. Join us if you want Andrew Bailey held to account.

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LCF Bondholders

@LCFBondholders

5 years

“Dismal and out of touch”. Campaigners hit out at Andrew Bailey’s promotion to Bank of England Governor Via @Telegraph

‘Dismal and out of touch’: campaigners hit out at Andrew Bailey’s promotion to Bank of England...

Little over a fortnight ago, Andrew Bailey ventured outside the headquarters of the City watchdog, the Financial Conduct Authority (FCA), to confront an angry crowd.

www.telegraph.co.uk

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LCF Bondholders

@LCFBondholders

5 years

Mini-bond victims confront FCA chief Andrew Bailey | Financial Times Grant Walker, who lost a six-figure sum when LCF collapsed said that Andrew Bailey did not seem to care about victims and accused ⁦ @TheFCA ⁩ of inaction.

Mini-bond victims confront FCA chief Andrew Bailey

Protesters accuse the UK’s financial watchdog of inaction

www.ft.com

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LCF Bondholders

@LCFBondholders

4 years

In addition to compensation for financial loss, @financialombuds can tell businesses to pay interest on top. For unreasonable delays in settling a complaint following a decision, the rate is 8%. A rate that caused FCA to label LCF savers as greedy.

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LCF Bondholders

@LCFBondholders

4 years

A great summary of the FCA Regulatory Perimeter and all its implications. A key fact from Dame Gloster that is such a big issue for LCF savers is that @TheFCA DID have powers outside the regulatory perimeter. We were sick of hearing the excuse that it didn’t.

Ian Beckett

@ianbeckett

4 years

@ArmitageJim @premnsikka 1/ As TheTimes/Guardian peddle the “play the man” spin-byte(in contrast to the Standard for eg), perhaps we should think about what Dame Gloster “DG” said about the FCA’s (FSA) impenetrable apparatchik fatcattery & it’s hundreds of thousands of victims.

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LCF Bondholders

@LCFBondholders

5 years

Tens of thousands of documents have now been received by @TheFCA . Eventually, they will prove gross regulatory failure as FCA missed multiple red flags that would have stopped LCF being authorised.

myfxinfo

@myfxinfocom

5 years

FCA and SFO continue to investigate London Capital & Finance

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LCF Bondholders

@LCFBondholders

5 years

If Financial Experts are struggling to understand the arbitrary decision by @FSCS re Stocks & Shares vs Cash ISAs - how can investors? The FSCS is failing, made worse by a leaderless @TheFCA

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LCF Bondholders

@LCFBondholders

5 years

Johnny Mercer grilled over second salary on Have I Got News for You. His company was 4 companies away from LCF. So there is a connection then!

Johnny Mercer grilled over his £85k second salary on HIGNFY

The Plymouth MP has already admitted he took a "bit of a beating" on the BBC panel show

www.devonlive.com

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LCF Bondholders

@LCFBondholders

4 years

John Glen @hmtreasury makers savers in LCF collapse wait for aid cash.

Minister makes savers in LCF collapse wait for aid cash

Bondholders who lost £237m in scandal complain of 'no communication' in months as hunt for compensation drags on

www.telegraph.co.uk

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LCF Bondholders

@LCFBondholders

5 years

PWC and EY still need to be held to account for massive audit failure of LCF - ignoring a multitude of suspicious transactions, money laundering, fraud - as clear as the untrained eye could see.

Ian Beckett

@ianbeckett

5 years

@retheauditors @premnsikka UK’s big private companies brace for #audit scrutiny - Move to hold unlisted businesses to the same standard as public companies

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LCF Bondholders

@LCFBondholders

4 years

The ongoing challenge to keep scammers and fraudsters out of the LCF Facebook action group continues.

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LCF Bondholders

@LCFBondholders

5 years

Stella Creasy calls for inquiry into FCA over Wonga and QuickQuid | Business | The Guardian ⁦ @TheFCA ⁩ was meant to be keeping an eye. No doubt they were shut - like the LCF scandal that was ignored.

Stella Creasy calls for inquiry into FCA over Wonga and QuickQuid

Collapse of payday lenders should have been spotted by regulator, says Labour politician

www.theguardian.com

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LCF Bondholders

@LCFBondholders

4 years

The Treasury inbox is full of these LCF bondholder letters addressed to @JohnGlenUK

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LCF Bondholders

@LCFBondholders

3 years

Lawyers accuse City watchdog of skirting payout to LCF victims.

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LCF Bondholders

@LCFBondholders

5 years

Of course, Andrew Bailey has career highlights but there is one basic question - would you employ a lorry driver with a perfect record till last year when he had 3 major collisions, fell asleep at the wheel, caused serious harm, is under investigation and driving under caution?

The Telegraph

@Telegraph

5 years

Andrew Bailey: how ‘Mr Crisis’ made it to the top of the Bank of England | @telebusiness

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LCF Bondholders

@LCFBondholders

5 years

FCA could get more powers to stamp out bad practice - @TheFCA needs an overhaul - not just additional powers. Victims of huge financial scandals need immediate redress and compensation @LendyAction @markbishopuk

FCA could get more powers to stamp out bad practice

MPs have called for the Financial Conduct Authority to receive formal powers to ask for changes to the scope of its regulation, branding the current system "insufficient".

www.ftadviser.com

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LCF Bondholders

@LCFBondholders

4 years

December @TheFCA update to LCF investors stated they would write before the end of January with regards to complaints. Will FCA: Deliver on their timeframe promise? Compensate all bondholders given their catastrophic failure to regulate LCF? Or is it all talk and no action?

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LCF Bondholders

@LCFBondholders

4 years

The only grilling Andrew Bailey got at @CommonsTreasury hearing was from @hbaldwin . Despite having to repeat the same questions about @TheFCA having the opportunity and powers to address LCF, no satisfactory answer was given.

Ian Beckett

@ianbeckett

4 years

@ArmitageJim @premnsikka 1/ Tory MP Harriett Baldwin “HB” doing a good job on the Treasury select committee 2 days ago questioning former @theFCA head Andrew Bailey “AB”. HB stated (paraphrasing) “the FCA had both the opportunity & powers to address the nefarious activities ...

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LCF Bondholders

@LCFBondholders

4 years

Outsourced Action Fraud call centre ‘not fit for purpose’ and in need of police control. The hotline derided as “Inaction Fraud” is facing a demand for it to be overhauled and put directly into the hands of police.

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LCF Bondholders

@LCFBondholders

5 years

1/2 Since the @FSCS announcement, we have learned that ISA stocks & shares are regulated but cash ISA’s aren't. How many cash ISA's are there in the UK? The general public has no idea how unprotected they are. @HMRC say @TheFCA regulate. FCA say HMRC regulate.

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LCF Bondholders

@LCFBondholders

4 years

Another 99 MPs contacted to request their support for LCF bondholder compensation since our letter was sent to @JohnGlenUK this week. The 17/12 announcement was vague causing great anxiety. Time is critical for many. Can bondholders expect the return of their capital in full?

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LCF Bondholders

@LCFBondholders

5 years

The LCF Bondholder Facebook group now has 1840 members representing 3000+ investors. A very active group that shares info on the fraudsters money laundering plus administrator, @TheFCA & @FSCS updates. It’s an excellent means of collecting data for the FCA investigation & @UKSFO

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LCF Bondholders

@LCFBondholders

5 years

A 6 year jail sentence for an IFA stealing £600,000 to fund his lavish lifestyle. Now put that in perspective with the theft of £237m from 11,605 LCF Investors. Simon Hume Kendall, Andy Thomson, Elten Barker, Spencer Golding should be behind bars for a lot longer.

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LCF Bondholders

@LCFBondholders

4 years

LCF Bondholders will never forget being labelled as “greedy, ignorant, OAP’s” by Andrew Bailey. Every fact presented on policy and process failure was met with the same excuse: “It’s beyond the regulatory perimeter so beyond our control”.

Ben Martin

@Benjaminwmartin

4 years

I’m sure many of the 11,625 investors who have lost £237m in the LCF debacle think this apology was long overdue

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey’s tenure as CEO of @TheFCA is described as “A toxic cocktail of negligence, incompetence and indifference to the needs of ordinary depositors, investors and pensioners”.

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LCF Bondholders

@LCFBondholders

4 years

The FCA has been accused by its own complaints commissioner of rushing through a plan to minimise liability for its failings. Before the publication of 3 independent reviews, it has proposed a cap on the compensation available from FSCS.

Financial Conduct Authority rushes to minimise compensation for its failings

The City regulator has been accused by campaigners and its own complaints commissioner of rushing through a plan to minimise liability for its failings.Before the publication of three independent...

www.thetimes.com

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LCF Bondholders

@LCFBondholders

8 months

The long awaited LCF civil case, filed on 25 August 2020 starts today - Feb 19. The judge has overturned the original court order to silence the media. The Press are free to report to ensure open justice.

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LCF Bondholders

@LCFBondholders

4 years

Letters of support from MPs continue as no news is forthcoming from @JohnGlenUK “The Treasury must provide full compensation in a fair timescale with clarity on how it will be administered & restrictions - not plagued by the concerns of previous schemes like Equitable Life”.

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LCF Bondholders

@LCFBondholders

5 years

The focus of the LCF mini-bond scandal has now turned to Google. They had a very big part to play in the £millions lost by Bondholders through misleading and deceptive ads. Google & Facebook are very easily manipulated by scammers and fraudsters.

Neil Henderson

@hendopolis

5 years

THE TIMES: Scandal of scammers on Google #TomorrowsPapersToday

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LCF Bondholders

@LCFBondholders

4 years

LCF savers still anxiously await the Treasury announcement for those left behind by the random compensation made so far by @FSCS . The finance industry & general public anxiously await Parliament’s reaction - will they do anything to stop it happening again and again and again?

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LCF Bondholders

@LCFBondholders

5 years

One of the LCF Fraudsters was accused by the judge of being manipulative and lying about the purpose of £129 million of investors money. It was meant to be loaned to SMEs as per LCF’s boiler room campaign. @thisismoney

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LCF Bondholders

@LCFBondholders

4 years

Call for 3 year ban on EY on public contracts - hot on the heels of the Financial Reporting Council investigation of failed audits re LCF due to dismissal of clear evidence of fraud.

Guardian news

@guardiannews

4 years

Call for three-year ban on EY bidding on public contracts

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LCF Bondholders

@LCFBondholders

4 years

The insolvency process is poorly regulated, insolvency law is in the era of the landed gentry and needs to be streamlined and designed for creditors, not dodgy directors shirking their responsibilities and liabilities. But a change in legislation is needed to rectify that.

Paul Lewis

@paullewismoney

4 years

Administration fees and costs grow to £13.7m but the prospect of refunds to most of the 11,600 investors who lost £237 million with London Capital & Finance seems as far away as ever.

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LCF Bondholders

@LCFBondholders

5 years

On the @FSCS claim page-5 criteria must be met: 1. The firm failed ✔️ 2. The firm was regulated ✔️ 3. Investors suffered harm ✔️ 4. We are individuals ✔️ 5. A breach of the civil liability LCF had to investors

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LCF Bondholders

@LCFBondholders

5 years

19 Bondholders have spoken of their experiences of FCA so far. Despite forensic analysis by some before investing, different answers were given by different authorities. “Stunning incompetence instead of reassurance by the regulator”.

Mandi lab

@CunniAmanda

5 years

Sounds like LCF investigation is going well. Some very good questions and experiences being shared, particularly about the regulatory failures! @LCFBondholders @MarkTaber_FII @bbcdanw

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LCF Bondholders

@LCFBondholders

4 years

An almighty cock up by @FSCS The FSCS compensated another person with an identical name! How is that possible with such strict data protection procedures and unique investment data? The compensation process is out of control. @ICOnews @TheFCA

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LCF Bondholders

@LCFBondholders

5 years

There have been holes in @TheFCA regulation for many years allowing massive financial crime to harm innocent investors @FSCSbusiness @APPGbanking

Mark Taber 🇺🇦

@MarkTaber_FII

5 years

And here is evidence that this mega fraud could & should have been shut down by @theFCA & @UKSFO before @theFCA & @HMRCgovuk gave London Capital & Finance the authorisations it needed to take it to an industrial scale -

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LCF Bondholders

@LCFBondholders

4 years

We’ve finally got justice - relief at last for London Capital & Finance victims who lost £237m Thank you @adamfrwilliams @MoneyTelegraph

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LCF Bondholders

@LCFBondholders

5 years

The Cape Verde companies don’t even own the land that the loans were supposedly secured against. How did the auditors and lawyers miss such obvious fraud?

Kevin Hague

@kevverage

5 years

two tables from administrators' report into LC&F tell you all you need to know: raised £237m via 10 separate bond issues - then siphoned 25% off to a marketing company & only actually lent to 3 groups ... & 50% of funds raised lent to one company! @LCFBondholders @LCFinvestor

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LCF Bondholders

@LCFBondholders

4 years

Finally the admission we’ve waited for: “Government mistakes contributed to recent pension and mini-bond mis-selling scandals”. @FSCS

Ian Beckett

@ianbeckett

4 years

New @TheFCA chief apportions blame for pension and mini-bond scandals - Nikhil Rathi questions Treasury’s timing in introducing both sets of new regulations

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LCF Bondholders

@LCFBondholders

7 months

Google played a strategic role in “rinsing bondholders” - as the LCF crew described their objective. We now have the figure paid to Google: between £18 and £26 million.

Mark Taber 🇺🇦

@MarkTaber_FII

7 months

Judge in #LCF trial asks - 'Has anyone added up now much was paid to @Google ?' Answer comes back £18 million - £26 million 👇 @GoogleUK @dkweinstein should return money to victims From transcript (Day 10 / 5 March) kindly provided by @MouseInTheCourt at

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey is right about one thing - @TheFCA is almost unique. But not in the way he describes. It is unique in failing to protect innocent investors from the harm caused by financial criminals but also from the harm caused by gross regulatory failure.

Financial Conduct Authority

@TheFCA

5 years

Andrew Bailey discusses the challenges and achievements of the past year, and his time as Chief Executive on the #fcapodcast 🎙️Listen to the full interview

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LCF Bondholders

@LCFBondholders

4 years

Andrew Bailey rocked by extraordinary row over LCF Savings scandal. “Victims are beyond annoyed, beyond upset with Bailey”

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LCF Bondholders

@LCFBondholders

5 years

Elten Barker has lost his court battle. Another attempt by an LCF fraudster to stymy the administrators and delay any dividend payout to bondholders. Yet more legal costs for us to pay after Simon Hume-Kendall lost his earlier court case.

Jim Armitage

@ArmitageJim

5 years

London Capital & Finance administrators win court battle

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LCF Bondholders

@LCFBondholders

4 years

Both sets of warnings to @TheFCA about LCF in 2015 from @NeilFLiversidge and Blackmore in 2017 from @Carlier_J87 could have protected savers from the harm done by financial criminals IF they’d been acted on. Innocent savers have lost £millions due to regulatory failure.

The Independent

@Independent

4 years

FCA failed to act on investment firm Blackmore Bond – now ordinary savers fear £45m has gone

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LCF Bondholders

@LCFBondholders

5 years

Andrew Bailey admits @TheFCA deserves criticism over LCF and other scandals. Investors should be able to rely on clear explanations of risk and not be misled. @ianbeckett @markbishopuk

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LCF Bondholders

@LCFBondholders

4 years

FSCS have incomplete evidence resulting in arbitrary decisions. Compensation is being paid to savers who had no contact other than the website. Transcripts of calls from FSCS say: “I've spoken to God, ISiS & Frankie Valli during my investment period and pulled my eyes out”!

Money Marketing

@_moneymarketing

4 years

FSCS rebuffs misleading advice claims in mini-bond case

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LCF Bondholders

@LCFBondholders

4 years

Requesting an update from @FSCS today, a bondholder was told “we are more than half way through. All compensation claims will be completed in the 1st half of this year. There’ll be another update soon". Only half way through the glitch-ridden Capita voice2Text process? #Crapita

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LCF Bondholders

@LCFBondholders

4 years

Charles Randell said that LCF Bondholders were being updated with progress. Incorrect. Since FCA complaints started 2 years ago, there’s been no progress - just delays. No decisions. If they are assessing every compensation, why didn’t they start in 2019?

Treasury Committee

@CommonsTreasury

4 years

Charles Randell CBE tells us that the FCA has received a little over 1,000 complaints about London Capital and Finance #LCF .

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LCF Bondholders

@LCFBondholders

4 years

27 MPs have now signed - urging @JohnGlenUK @hmtreasury to urgently set out the terms of compensation to LCF Bondholders. It was agreed on December 17th.

LCF Bondholders

@LCFBondholders

4 years

U.K. Parliament - motion tabled to set out the terms of @hmtreasury compensation scheme for LCF Bondholders.

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LCF Bondholders

@LCFBondholders

5 years

. . Anyone in authority should know that bogus investments are “crimes in progress” specifically set up to commit fraud. But no one in authority ever listens.

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LCF Bondholders

@LCFBondholders

5 years

Here’s how @TheFCA could stop savings scams-Google! via @jimconey @thesundaytimes . Stop ploughing through policy papers & search for “Best ISA” “Top Savings Deals” to find ruthless scams,misleading comparison sites stating @TheFCA regulated. They’re not.

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LCF Bondholders

@LCFBondholders

4 years

The Dame Gloster report is finally published.

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LCF Bondholders

@LCFBondholders

4 years

The latest response from @FSCS admits they don’t have all the calls & emails exchanged with LCF. The info required by FSCS would come before the investment is made, not after, so any evidence to support many claims is missing. Critical information isn’t being supplied.

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