About

By J Drew

Somebody has sent me an (anonymous, ironically but I suspect an employee from LCF) message via comments claiming that I’m just an anonymous stirrer and claiming I have no knowledge or credentials to comment on financial or consumer matters. The Blog name refers to statistics being used incorrectly to justify news stories, it’s not a reflection on the content being lies! Perhaps some background might help but it’s up to you if you want to believe any blog posts here. Hopefully the accuracy of previous posts will give some assurance that I know what I'm talking about.

I’ve been an investor for nearly 25 years starting with investment trusts in the mid 1990s and run a share & investment portfolio mainly inside an ISA as well as a SIPP pension. I’ve run my own business for 20 years so have a lot of knowledge of company formation, accounts & the Companies House process. I’ve been investigating scams and consumer ripoffs for around 12 years and have been repeatedly threatened for exposing companies that scam and con people out of money. You can probably understand from this why I don’t publish my name and photo online.

I raised the alarm about London Capital & Finance nearly 2 years ago and then reported them to the Financial Conduct Authority (FCA). You can see from this blog the number of other schemes that are offering very similar products that I’m also warning about as they are similar risk and could involve investors losing their money as is possible with LCF. I continued to post warnings about LCF ISA Bonds during 2017 and 2018 so I think I have a bit of history knowing how London Capital & Finance were operating.

In addition to scam warnings I've also posted articles advising people how to get the best from bank accounts and to get over 4% interest guaranteed and fully FSCS secured having been told that this was impossible.

Some of the original blogs I posted about incorrect stats are one like this claiming first time buyers put down 80% deposits!

The aim of the blog is that it might help some people understand finance more, ask more searching questions before buying products and hopefully stop people being ripped off buying unsuitable financial products.

Story over!

More About This Blog
More About This Blog

Comments

  1. Mike Comer5 March 2019 at 04:41

    Excellent articles---- well done.

    ReplyDelete
  2. Unknown28 March 2019 at 02:21

    Can you help us we are a group of bondholders there are 1500 who invested in Lcf

    ReplyDelete
  3. Alex5 April 2019 at 01:59

    This comment has been removed by a blog administrator.

    ReplyDelete
  4. Anonymous17 May 2019 at 05:18

    Do you have an email contact, I would like to share some information?

    ReplyDelete
  5. Anonymous3 September 2019 at 06:14

    Hi. I am trying to write a submission to Dame Elizabeth Gloster's investigation team and want to highlight the occasions on which the FCA was warned prior to acting against LCF. I have Neil Liversidge's letter and some other stuff. I note you say "I raised the alarm about London Capital & Finance nearly 2 years ago and then reported them to the Financial Conduct Authority (FCA)." Was this in writing? I'd really like to be able to refer to this and give some detail (ideally with copies of correspondence). Can you help? I will provide my details privately if you can help. Thanks, John Wood

    ReplyDelete
    Replies
    1. J Drew9 September 2019 at 15:04

      John, All the info is online in the blog. Check the posts from 2017 for more details

      Delete
  6. K p30 March 2020 at 02:29

    Was there anything in the documents we signed to buy the bonds the said Surge we taking 25% commission?

    ReplyDelete
    Replies
    1. J Drew30 March 2020 at 03:37

      I don't know, I'd suggest checking the documents you signed but none of the documents I've seen mention it. Bear in mind it's not just commission it also covers the administration of the products which is probably deliberate so they can try to justify keeping it.

      Delete

Post a Comment

Popular posts from this blog

Concept Capital Group Review - Is it a Scam?

By J Drew
Image
Investment in Concept Capital Group is being promoted on Facebook and Rightmove to solicit investment in their static caravans for rental to social housing tenants via Social Park Housing. Concept Capital Group are claiming to guarantee rental income of 10% but as investors in London Capital & Finance are fully aware, this sort of guarantee is fully dependent on the company making it still being in business. If the company fails for any reason then there will be no-one to support the guarantee or to return money to investors.  If the company fails your guarantee disappears. Concept Capital Group have only existed since 2019 so have no track record of honouring investment guarantees over the long term. Concept Capital Group Risks - Is it a Scam? Concept Capital Group include a small link to a disclaimer page on their site that identifies the risks involved in their investments yet it is very clear from the reviews posted that investors are not aware of the risk they are taking with
Read more

LCF - Where Are The Assets & People Now?

By J Drew
Image
Where are the People and assets behind LCF & their agent Surge Financial? London Capital & Finance owned a helicopter purchased by Andy Thomson. LCF helicopter seized This has now been seized and is being held at Shoreham Airport in Sussex. According to the administrators one of the loans of £12 million was to a stables called Home Farm originally run by Spencer Golding but now owned by Sean Cubitt who was unable to provide any paperwork for the purchase of the company or for any of the horses. There were originally 85 horses apparently with a combined values of £15 million according to the owners but when the administrators visited they could only see 35 that had a value of less than £10,000 each. Sean Cubitt claimed that there was no bank account for the company that runs Home Farm. So a company with no bank account was loaned £12 million by LCF. Yet another example of the lies they told to investors about their lending process. We understand that the val
Read more

Hunter Jones Investment Review - Is it a Scam?

By J Drew
Image
A company called Hunter Jones Investments are advertising on Facebook for bonds that they claim are paying 24% fixed return over 24 months for a managed property portfolio bond. It makes no mention that it is now breaking the law to sell unregulated bonds to retail investors. So is this investment opportunity from Hunter Jones a scam or genuine investment?  Hunter Jones Facebook advert - Is it a Scam? The name makes it sound like you're dealing with a person called Hunter Jones but it's actually a trading name for a company called  Osborne Baldwin Limited.  There is no mention of any risks involved in lending money to Hunter Jones investments - if you think you are putting money into safe savings as per a bank then you are at risk of being misled. Hunter Jones are not FCA regulated. There is no FSCS protection and you could lose 100% of your money if the company you lend money to was to fail. From information online there are unhappy previous Hunter Jones investors who used the
Read more