London Capital and Finance
Discussion
Unfortunately my mum has been caught out by these crooks. She has dementia and invested in them prior to me getting involved in her finances and consequently she has now lost a large sum of money (not as big as the amount mentioned on MSE Forums but a significant sum).
I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Andy-e3co0 said:
Unfortunately my mum has been caught out by these crooks. She has dementia and invested in them prior to me getting involved in her finances and consequently she has now lost a large sum of money (not as big as the amount mentioned on MSE Forums but a significant sum).
I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Sorry to hear about this, scams/frauds are run by devious criminals.I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Is if this a scam or a fraud then I hope the authority’s can recover funds that are outstanding.
I would suggest that you look to apply for a court of protection order. Your LPA may have limited standing if your mum is suffering from dementia and is declining with mental capabilities.
Deesee said:
Andy-e3co0 said:
Unfortunately my mum has been caught out by these crooks. She has dementia and invested in them prior to me getting involved in her finances and consequently she has now lost a large sum of money (not as big as the amount mentioned on MSE Forums but a significant sum).
I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Sorry to hear about this, scams/frauds are run by devious criminals.I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Is if this a scam or a fraud then I hope the authority’s can recover funds that are outstanding.
I would suggest that you look to apply for a court of protection order. Your LPA may have limited standing if your mum is suffering from dementia and is declining with mental capabilities.
Robertj21a said:
Deesee said:
Andy-e3co0 said:
Unfortunately my mum has been caught out by these crooks. She has dementia and invested in them prior to me getting involved in her finances and consequently she has now lost a large sum of money (not as big as the amount mentioned on MSE Forums but a significant sum).
I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Sorry to hear about this, scams/frauds are run by devious criminals.I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Is if this a scam or a fraud then I hope the authority’s can recover funds that are outstanding.
I would suggest that you look to apply for a court of protection order. Your LPA may have limited standing if your mum is suffering from dementia and is declining with mental capabilities.
Deesee said:
Robertj21a said:
Deesee said:
Andy-e3co0 said:
Unfortunately my mum has been caught out by these crooks. She has dementia and invested in them prior to me getting involved in her finances and consequently she has now lost a large sum of money (not as big as the amount mentioned on MSE Forums but a significant sum).
I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Sorry to hear about this, scams/frauds are run by devious criminals.I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Is if this a scam or a fraud then I hope the authority’s can recover funds that are outstanding.
I would suggest that you look to apply for a court of protection order. Your LPA may have limited standing if your mum is suffering from dementia and is declining with mental capabilities.
Agreed, but I'm trying to avoid him having extra hassle that may well not be required. If the appropriate LPA was taken out by him, in sufficient time, he won't need a Court of Protection order.
.
Robertj21a said:
Deesee said:
Robertj21a said:
Deesee said:
Andy-e3co0 said:
Unfortunately my mum has been caught out by these crooks. She has dementia and invested in them prior to me getting involved in her finances and consequently she has now lost a large sum of money (not as big as the amount mentioned on MSE Forums but a significant sum).
I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Sorry to hear about this, scams/frauds are run by devious criminals.I rang the helpline and a got a 'there will be a communication in a few weeks'. Really I dont know what needs to be done to register interest as this has never (thank god) happened to me, or what my next actions should be. I would appreciate some advice from those who post on here as professionals.
I noticed a lot of comments, that you would have to be dumb, an idiot,etc to invest in this but sometimes people have circumstances that are beyond their control which can lead them down this route (making them highly vulnerable). So next time you post something of that ilk have a thought for those who might be a situation similar to my mum.
I have acquired LPA and have spent the last few months trying to sort out the mess that is my mum's finances particularly as she is now going into care.
Is if this a scam or a fraud then I hope the authority’s can recover funds that are outstanding.
I would suggest that you look to apply for a court of protection order. Your LPA may have limited standing if your mum is suffering from dementia and is declining with mental capabilities.
Agreed, but I'm trying to avoid him having extra hassle that may well not be required. If the appropriate LPA was taken out by him, in sufficient time, he won't need a Court of Protection order.
.
Andy above, Do your research with your solicitor.
coyft said:
I have a horrible feeling that Mr Careless has been very careful. From what I can see he is not directly connected to LCF. His argument is likely to be that he was merely offering a service and that all advertising and marketing materials were approved by LCF.
Agreed. However, if he can be seen to have missold then they can come for him. Otherwise i'd say he is the most secure of the lot.
Spend some time Sunday looking at the companies that are involved in this. One director on 26 of them was (IMO) the main launder between LCF and Spencer G.
Guessing they live in the world they dont expect anything physical to happen to them, so it just doesnt matter enough.
coyft said:
Perhaps Mr Careless came up with whole business model, convinced others to create LCF and creamed his £60m off knowing others would be liable?
I think you might be ALMOST there. Whoever got 50 of the 60 for convincing MrC to convince others etc etc is the one with the brain to be at enough distance from the trouble/liability when it arrived. Doubt that would have been a deal involving much paperwork.
Find the parties that have known each other the longest and who have previous form and you’ll find the originators. Careless strikes me as the younger chappie who brought along the modern skills to maximise an age old play. Either way it looks more like a meeting of minds seeking to take advantage of lax regulation in an environment where consumers are most vulnerable.
The other aspect to bear in mind as that just as these ‘interesting’ minibond managers are not unique but one among many then we must also be aware that the medium through which this minibond was pumped also will not be unique but that there will be many others out there doing exactly the same.
The other aspect to bear in mind as that just as these ‘interesting’ minibond managers are not unique but one among many then we must also be aware that the medium through which this minibond was pumped also will not be unique but that there will be many others out there doing exactly the same.
Arrests made. Good too, to see Nick Smith MP calling for a tightening up of criminal charges against errant financial services ‘professionals’, in the House of Commons yesterday.
https://citywire.co.uk/wealth-manager/news/four-ar...
https://citywire.co.uk/wealth-manager/news/four-ar...
Adding insult to injury, HMRC warns investors who have lost money in the collapse of London Capital & Finance that it appears their bonds were never eligible to be ISAs and tax may be due on payments they have received. Be very careful that the funky new ISA you are investing with, is actually entitled to extend the tax benefits to you that it promises. This, via the Administrators, Smith and Williamson. 
Ginge R said:
Adding insult to injury, HMRC warns investors who have lost money in the collapse of London Capital & Finance that it appears their bonds were never eligible to be ISAs and tax may be due on payments they have received. Be very careful that the funky new ISA you are investing with, is actually entitled to extend the tax benefits to you that it promises. This, via the Administrators, Smith and Williamson.
Err, have HMRC just legitimised the scheme now, and will people therefore be able claim tax refunds against any losses?‘
If I receive any cash from LCF’s administrators will I be able to place all of it into another ISA account without it counting towards the ISA limits?
No. Any money that you may subsequently receive from the administrators and pay into an ISA will count towards your £20,000 annual ISA allowance in the year in which you receive it. Your ISA with LCF has been voided and any funds within it, or received from the administrators, do not benefit from the ISA rules.‘
Is that actually correct? Surely it’s judged at the date you are making the payment into an ISA wrapper and it’s remaining allowance as opposed to being linked in any way to the date on which you receive a payment?
If I receive any cash from LCF’s administrators will I be able to place all of it into another ISA account without it counting towards the ISA limits?
No. Any money that you may subsequently receive from the administrators and pay into an ISA will count towards your £20,000 annual ISA allowance in the year in which you receive it. Your ISA with LCF has been voided and any funds within it, or received from the administrators, do not benefit from the ISA rules.‘
Is that actually correct? Surely it’s judged at the date you are making the payment into an ISA wrapper and it’s remaining allowance as opposed to being linked in any way to the date on which you receive a payment?
Well, I met my first victims of this last week,
New Client introduced to me (I lend money), nice people, very savvy with their business, and very successful, they had 10k in with LC&F.
They were convinced they had done this through a money portal like MSE or co compare.
GingeR, thanks for the link above, 20% recovery eh!
I look forward to the administrators report!
New Client introduced to me (I lend money), nice people, very savvy with their business, and very successful, they had 10k in with LC&F.
They were convinced they had done this through a money portal like MSE or co compare.
GingeR, thanks for the link above, 20% recovery eh!
I look forward to the administrators report!
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