3 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

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