My old investment manager pleads guilty
My old investment manager pleads guilty
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tight fart

Original Poster:

3,580 posts

302 months

Saturday 5th September 2020
quotequote all
My old investment company "Lonist" run by a Joe Lewis (not the successful one) pleaded guilty at southwark crown court yesterday.

He ran a very elaborate scam along the lines of Madoff.
https://www.cps.gov.uk/cps/news/fraudulent-foreign...

Cliftonite

8,740 posts

167 months

Saturday 5th September 2020
quotequote all
Did you lose much?

yikes

tight fart

Original Poster:

3,580 posts

302 months

Saturday 5th September 2020
quotequote all
Thankfully no, the "made up" returns were so good I took my initial investment in dribs and drabs, by the time it collapsed I was about evens. It went on for a good number of years, possibly 20.
Many were not so lucky and lost fortunes.
I'd say less than 20% came forward to say they were investors.

LeadFarmer

7,411 posts

160 months

Saturday 5th September 2020
quotequote all
Is he doing some 'up skirting' there?