Thoughts on Finance, Current Affairs and General Consumer Ripoffs - Damn Lies and Statistics

Yet another scam investment has gone bust losing investor's money. It's a sorry list of losses that in many cases had been highlighted on this blog over the years. Most recently it was Aston Darby car parking that was highlighted in 2018. Sadly the investors have found the reality of  "guaranteed returns" are nothing of the sort. It appears from the information released that it was a ponzi scam with new investor money being used to pay out existing ones. Even if the 22% guaranteed return was given to investors it means they'd lose the other 78% of their investment. Crossrail bond was offered with no connection to Crossrail itself. Blackmore Bond has gone into administration  Basset and Gold went into administration but this one looks like FSCS may pick up the tab for the losses Top ISA rates website promoted the range of dodgy mini bond investments Capital Bridge investments was disclosing 20% commission payments as per Blackmore Bond. It's reported that Capit...

Basset and Gold are offering a bewildering array of different rate bonds but the common factor on all of them is that your money is at risk and you could lose ALL your money with them. These are some really important points about the Basset Gold 9% bonds Basset & Gold that you are buying a 5 year bond with was only registered with companies house on 24th July 2017. So it would seem brave in the extreme to put money into a 5 year bond with a company that didn’t exist 11 months ago. How can you guarantee that the company will be there to repay your money in 5 years time when they weren't in existence a year ago? It's hardly a stable long term company! It seems a bit strange that B&G chose to withdraw its directors' register information from the public register in May this year. May be legitimate but it seems very strange. If you think that these sort of companies are safe and FSCS protected - think again. There are other similar companies that have gone bust...