1. george sibley
    August 15, 2018 @ 2:54 am

    i am also waiting for my money to be repaid after maturity. it is over a month now and it does seem like a scam. for me this is the second one Lomax trust also went bankrupt. afterwards, i discovered that they only had shares in Lomax halls which is still thriving, the directors who were architects etc for Lomax halls parent company sold off the shares and went bankrupt leaving us mugs penniless. seems like this is another though again i was informed this that we had a first call on their property/


  2. george sibley
    August 21, 2018 @ 3:27 pm

    since this, i have received my payment in full. Dolphin trust does seem ti have a problem with communication but since complaining, i have received the money with a 1% bonus. they turned £80,000 to £160,000 in five years. I understand also that no investor in Dolphin Trust so far has not had the interest paid or their loan returned. Unlike Lomax find that was a scam Dolphin Trust is genuine.


    • Rob
      October 5, 2018 @ 2:13 pm

      I wonder if you could help me, I am currently waiting for my money from them too. How did you manage to get your money? I’m not receiving a date from them and no one is telling me no information, my money matured on August 5th and I’ve had nothing.


  3. Mick
    September 13, 2018 @ 12:37 pm

    this article seems sensational and unfounded about Dolphin Trust. I invested in Dolphin Trust and got paid with all returns and on time. They have vast properties all over Germany and actually encourage investor visits to their properties before investment. You appear to be over critical of ALL investments with no actual due diligence yourself.


  4. Keith Eaton
    September 26, 2018 @ 7:07 am

    I too am waiting for my money to be paid. It is six weeks since my loan note matured. Whenever I contact them (weekly) they assure me it will be paid by the end of the week. I wanted to reinvest a portion of the money with them. This is now very unlikely!


  5. David James Booroff
    September 27, 2018 @ 2:14 pm

    Hi, I was shown the small brochure today by a Financial Advisor. I liked your comment “Quite apart from the fact that no self-respecting introducer or financial adviser should EVER be caught selling high-risk, unregulated, non-standard “assets” in the first place, surely nobody would ever want to be caught flogging the same stuff that the likes of James Hadley and Stephen Ward were making a fortune out of.”

    Is there any further news on this company as I have a meeting with the Advisor next week. Just looking forward to the look on his face. 25% intro commission is what he failed to tell me. I wonder why?

    Thank you for your article.


  6. Tony Balahura
    October 3, 2018 @ 4:36 pm

    Hi I am waiting for details upon my investment. It matured on the 15th of August 2018, to date I have not heard anything at all despite numerous calls and e-mails. I have been informed that after maturity date it takes 15 days for funds to be transferred. 7 weeks down the line nothing to report.


    • Angie
      October 3, 2018 @ 7:17 pm

      I am afraid this is an all too familiar story. Dolphin seem to have run out of cash and many investors (in reality, lenders) are being fobbed off with excuses. In fact, many victims are being conned into trading their loan notes for worthless shares in Vordere.


  7. Wendy Stevenson
    October 12, 2018 @ 12:39 am

    I thought I could rely on my Financial Advisor who lives in a large house in Holywood, Northern Ireland and he also used a prime fancy office in Belfast town Centre. Prior to giving him my money to invest he assured me and showed me papers that he was a regulated Financial Advisor. He also assured me the companies he was putting my money into were regulated and protected. He invested my funds in Dolphin Capital and Colonial Capital. Colonial Capital was an elaborate scam, I lost my £11,000 investment. Now I am stressed to the max regarding my three Dolphin Investments. One was paid out last year, this week I am due £20,000 having read the above information and knowing about the scam of Colonial Capital it is no wonder I feel stressed worrying about what I am due this month and next. Once I learned that Colonial Capital was a scam I tried to get my money out of Dolphin Capital they refused to pay out. The Financial Advisor I had trusted failed to inform me he was struck off. Every fibre in my body hates that man for the stress he has put my family and I through. Check and double check credentials of any Advisors and Companies you invest in.


    • Angie
      October 12, 2018 @ 4:15 pm

      Let me have the details of your financial adviser and I will put a warning out about him to make sure no other members of the public get scammed by him in the future.


  8. Keith Eaton
    October 12, 2018 @ 3:58 pm

    Good news for me! Dolphin Trust paid up in full today. Last week I spoke with an administration manager for Dolphin who explained when the payment would be made. It doubled my original investment so with hindsight it was worth the anxiety!


    • Angie
      October 12, 2018 @ 4:13 pm

      I heard of another investor who got his due interest payment, although not his principal amount. But well done you if you’ve got the whole lot back. You must be tremendously relieved.


      • Penny Dreadful
        October 28, 2018 @ 4:13 pm

        All my interest payments have been in full and on time too.

        Wonder if this “Angie” character is just a bitter old harridan with a bee in her bonnet….

        …or possibly worse (gulp!!):



  9. Ian Michael
    November 12, 2018 @ 8:20 pm

    What a load of sensationalist tripe!
    Dolphin trust have never failed to pay out in full. Introducers do not get anywhere near 25% commission (max 10%). The share scheme is not worthless in fact quite the opposite and gives bond holders greater liquidity.
    This is a genuine, honourable company and idiots like the write should do a bit more research before spouting such nonsense


    • Angie
      November 12, 2018 @ 8:28 pm

      I wonder what you do – let me guess: Dolphin Trust introducer? You might want to ask some of the Trafalgar Multi-Asset Fund victims about “great liquidity”. If Dolphin Trust is genuine and honourable, I am sure it will repay all the distressed scam victims. Aren’t you?


  10. Peter S
    November 25, 2018 @ 1:05 pm

    Interesting that I’ve stumbled on this site.

    My experience of Dolphin since 2012 has been broadly positive though half-yearly interest has been increasingly slow to come through. Recently they’ve blamed AML admin delays etc. That may be plausible – I’ve friends overseas who find normal bank transfers can take weeks now, but I’d expect transfers within the EU should be timely.

    Dolphin’s communication with lenders seems dire. Likewise Vordere’s communication with shareholders – see how few RNS’s they’ve issued. Dolphin never offered me the option to swap for VOR shares in 2017. My ‘introducer’ mentioned it, giving a brief summary of +’s and -‘s. Actually he thought a reason for the offer was that Dolphin had previously relied on a large proportion of SIPP money being recycled into new loans on maturity, but this refinancing stream had dried up when most SIPP administrators started refusing to accept new 3rd party loans from 2015-ish. Again that sounds plausible and could certainly explain redemption delays. However, it’s naive in the extreme to expect to be able to redeem a substantial volume of loan notes before maturity – the world just doesn’t work that way. Either the lenders would have to be offered a substantial haircut, or the equity swap (which may be a haircut in disguise).

    I don’t know what to make of the recent tie-in with Red Rock Group. What is Dolphin/Vordere’s link to this? I assume it’s a move to broaden the lender base in some way.


    • Angie
      December 2, 2018 @ 6:20 pm

      Red Rock Group used to be called Bit By Bit. I guess that describes pretty accurately how they scam thousands of victims out of their savings: bit by bit.


  11. Tony
    November 28, 2018 @ 9:47 am

    I would gladly hear how to get Dolphin to respond as I have been waiting for payment since the beginning of October. My recent emails to Germany and a UK customer relations manager get no response which does create concern.
    Any advice appreciated


    • Angie
      December 2, 2018 @ 6:16 pm

      How much did you lend to Dolphin and why? I can’t see why anyone would lend money to a property developer with no audited accounts. Also, did you have an adviser who conned you into lending money to Dolphin? And, if so, how much commission was he paid?


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