LCF London Capital Finance Fraud Trial Date - High Court Case Jan 2024
It's been a long time coming but the court case begins in Jan 2024 where various directors and associated parties with London Capital and Finance are being sued by Smith & Williamson (now Evelyn Partners) for a proportion of the £237million that investors lost in the collapse. This isn't the same as a criminal prosecution brought by the Serious Fraud Office (SFO) which is still working on whether there is a case to present to court against anyone involved in LCF. A separate case was taken out recently by the SFO against former LCF CEO Michael (Andy) Thomson where he was convicted of hiding money in breach of an restraint order. More details here: https://www.sfo.gov.uk/2023/05/17/sfo-secures-10-month-sentence-for-former-london-capital-finance-plc-ceo/ Investors have been compensated by the FSCS for any funds below the £85k limit. Anyone who invested above £85,000 in LCF will still have a significant shortfall in the money they invested. Evelyn Partners are now predictin