Serious Fraud Office Investigation into London Capital Finance
It has been revealed by the SFO that they have opened an investigation into London Capital & Finance and that 4 people linked to the company have been arrested and released. This has been launched under the code name Operation Axite.
I'm sure anyone who has followed the activities of LCF over the last few months will not be surprised at this turn of events and it ties into information I was given over a month ago but was unable to publish at the time.
It's not yet been confirmed who the 4 individuals were but it would be likely to include Andy Thompson and the other LCF directors who live in Kent and the Kent/Sussex borders. We have no information whether it also includes Paul Careless of Surge Financial who is also based in Sussex.
The press release reads:
When the information published by LCF was so blatantly untrue and the financial structures seem to be deliberately setup to avoid scrutiny along with individuals suddenly displaying very rapidly accumulated wealth it's not a shock that this is happening.
I'm sure anyone who has followed the activities of LCF over the last few months will not be surprised at this turn of events and it ties into information I was given over a month ago but was unable to publish at the time.
It's not yet been confirmed who the 4 individuals were but it would be likely to include Andy Thompson and the other LCF directors who live in Kent and the Kent/Sussex borders. We have no information whether it also includes Paul Careless of Surge Financial who is also based in Sussex.
The press release reads:
The Serious Fraud Office, working in conjunction with the Financial Conduct Authority, has opened an investigation into individuals associated with London Capital & Finance Plc. On 4 March 2019, four individuals were arrested in the Kent and Sussex areas. All four individuals have been released pending further investigation.
The operation was coordinated with the assistance of the National Crime Agency, City of London Police, Kent Police, Sussex Police and the South East Regional Organised Crime Unit (SEROCU).
https://www.sfo.gov.uk/2019/03/18/sfo-opens-investigation-into-london-capital-finance-plc/
The SFO encourages members of the public who have invested in this scheme over the period 2016 to 2018 to contact us through this secure reporting form.
When the information published by LCF was so blatantly untrue and the financial structures seem to be deliberately setup to avoid scrutiny along with individuals suddenly displaying very rapidly accumulated wealth it's not a shock that this is happening.
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| Serious Fraud Office Investigation into London Capital Finance |
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