6 Comments

  1. henry tapper
    April 9, 2019 @ 10:30 am

    And I totally get where you are on this Angie.

    I’m in the fortunate position of being able to meet the Chair of the FCA next week and I will be feeding back to him that message about collaboration rather than confrontation.

    You are in the unfortunate position of having to clean the mess up. I get it.

    We are both old enough not to have to bother, but we do – which is to our credit

    Keep fighting!

    Reply

  2. Stephen
    April 10, 2019 @ 6:28 pm

    It’s a thankless quest. The FCA are too busy hounding honest regulated IFA’s because they are an easier target. Going after the crooks requires they have to do some work! Same can also be said of Action Fraud!

    Gavin Newlands, MP for Paisley & Renfrewshire North raised a question in the House regarding one of his constituents having invested £20,000 in Nuunnn & McCreesh’s Blackmore Bond – mini bonds have become the new black for scammers – https://hansard.parliament.uk/Commons/2019-03-14/debates/F2A0FEF5-5B87-4986-8709-D67FB7F0CC90/BusinessOfTheHouse?highlight=blackmoor#contribution-9199AA67-BC12-4EFD-8872-176AD5E62698 and I wager Mr Newlands’ constituent is neither sophisticated nor High Net Worth and should not have been offered this unregulated high risk asset which contravenes the Financial Services Marketing Act!

    In 2014/15 Nunn & McCreesh were raising subscriptions on their unregulated collective Blackmore Global using their own firms Aspinal Chase & Pensions & Life UK Ltd together with the unregulated advisory firm Square Mile International Financial – the BBC reported my story in Jan 2018, https://www.bbc.co.uk/news/business-42776709 and yet no one has been prosecuted or sanctioned and the actors continue to trade with impunity. I reported my case to Action Fraud and was told they weren’t going to investigate it – that would require some work!

    Prior to that Nunn & McCreesh earned almost £1m generating leads for the Capita Oak & Henley scam between 2012 & 2014 – https://pension-life.com/store-first-v-insolvency-service-battle-the-insolvency-services-witness-statement/ – that scam is now over 7 years old and Nunn & McCreesh took their £895k and moved on to start their own unregulated collective Blackmore Global in 2014 and their latest incarnation being the Blackmore Bond selling unregulated mini bonds! What on earth are the authorities playing at?

    I even submitted my story to Frank Field’s (MP) pension freedoms inquiry. I think it got a small mention somewhere but again, the scammers continue freely to walk the streets of Manchester and make vast sums of money out of retail clients [mis-]sold unregulated mini bonds. Bondreview has made numerous blogs about Blackmore among other things https://bondreview.co.uk/2019/04/02/blackmore-bonds-temporarily-closes-to-new-business/ but they still continue without any scrutiny by the useless authorities.

    Angie, Henry, – It’s a Sisyphean task and there will never be justice because no one cares! You are lone voices in the wilderness.

    Reply

    • Angie
      April 11, 2019 @ 2:55 pm

      I wouldn’t say “nobody” cares. But the FCA definitely doesn’t give a monkey’s.

      Reply

  3. Karl
    August 10, 2020 @ 1:43 pm

    The FCA are not fit for purpose. There are many mini bond firms which have entered into administration costing investors billions and the fca is at fault for looking the other way. Negligent to say the least.
    Andrew Bailey is not worth a pittance the way he ran the fca is disgusting and I can’t see him doing a better job for BOE. They need to get rid of him and get a suitably qualified competent person to run the show and throw him to the crocodiles.

    Reply

  4. David Anthony Harwood turnbull
    August 10, 2020 @ 3:10 pm

    The fca authorised lcf as a financial entity and allowed them to carry on the business of scamming people for two and a half years before pulling the plug. I found out it was a disreputable company in three weeks and reported it as such to action fraud, to the sfo the fscs they carried on scamming people despite warnings dating back to 2012 and the fca ignored the fact that they were not getting auditors reports which should have rung alarm bells if they rang they must have been in the loo getting rid their refuse utterly useless for a public government dept

    Reply

  5. joe mcintyre
    August 23, 2020 @ 1:05 am

    the CYPRUS MAFIA TOOK ADVANTAGE OF THE BLIND FCA WATCH DOG TO SET UP COMPANIES IN THE UK TO DELIBERATELY CON NAIVE PENSIONERS OUT OF THEIR PENSION POTS THESE COMPANIES WERE SET UP TO FAIL AT SOME POINT WITH THE TOTAL LOSS OF THE PENSIONERS LIFE SAVINGS THEIR SAVINGS ENDING UP IN SECRET OFF SHORE ACCOUNTS MANY HUNDREDS OF MILLIONS OF POUNDS AND NOBODY CARES WHEN THE VICTIMSVOICE THEIR LOSS TO THE SFO THEPOLICE AND OTHERS THEY ARE MET WITH A PROFOUND SILENCE A COVER UP TO LIMIT THE DAMAGE TO THE FCA THE PENSIONERS ARE LEFT DEPRESSED AND IN SOME CASES SUICIDAL THE FCA CARRY ON TURNING A BLIND EYE AND THEIR TOP EXECUTIVES SHAMELESSLY TROUSER THEIR HUGE SALARIES AND THE GANGSTERS CONGRATULATE EACH OTHER IN A SCAM WELL DONE AS THEY GLOATOVER WHAT THEY PLAN TO SPEND THE POOR PENSIONERS LIFE SAVINGS ON ITS A NATIONAL DISGRACE WHO WAS IT WHO SAID CRIME DOES NOT PAY WHAT KIND OF SOCIETY ARE WE LIVING IN WHEN THESE DISGUSTIG THINGS ARE ALLOWED TO HAPPEN

    Reply

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