BBC expose unregulated investment scam

Experts claim that £1bn is lost to failed investment schemes each year…

The BBC has shone a light on a huge investment scheme failure this week in Panorama: The Billion Pound Savings Scandal. The show centres on the failure of unregulated investment scheme Blackmore Bond, which collapsed owing investors over £40m.

As per many of these situations, prospective investors were:

  1. Told that an insurance scheme had guaranteed up to £75,000 of their money 
  2. Given a shiny brochure packed with glittering promises and ‘glowing’ testimonials
  3. Promised yearly interest payments of up to 10% from a growing and diversified property portfolio

Nevertheless, the scheme collapsed in April 2020 leaving around 2,000 mini-bond investors to suffer a collective loss of £46million. The Financial Conduct Authority (FCA) faced criticism following the broadcast as some believe the organisation has a duty of care.

Blackmore mini-bonds

However, lots of companies, including Blackmore Bonds, are not regulated by the FCA, which:

  • Can only act against the firms and individuals it regulates
  • Has its powers set by HM Treasury

Despite not paying investors, Blackmore used third-party firms to advertise their bogus mini bonds. Responding in March 2019, the FCA:

  1. Targeted the bogus adverts
  2. Withdrew its approval for and shut down the website of a company promoting Blackmore products

These types of unregulated investment schemes are for seasoned investors who understand the risks and have money to lose. The harsh reality is that these companies target everyone, even vulnerable people, as the Panorama programme shows.

At Insolvency & Law, we regularly assist creditors of unregulated investment schemes who find themselves in situations similar to Blackmore victims.

Unregulated investment scheme

Meanwhile, the charming managers of these glossily marketed, but wealth-draining ‘investment’ schemes disappear abroad telling their clients:

There’s nothing I can do to help. We did warn you there were risks. I’ll let you know if the situation changes. Bye.”

There isn’t an easy answer for unsecured creditors in these circumstances. But there are steps you can take to limit the distress. Due diligence is essential. The number of people who hand over their pensions and life savings without doing any due diligence is remarkably high.

Unless you have money to lose, at the very least make sure you invest in a FCA regulated company. But, if it’s too late for all that, send an email to: and we will do our utmost to help you.

Posted in
Carrie Ann James

Is Carrie Ann James Blocking Justice for Victims?


The pursuit of justice faces ongoing challenges as victims claim Carrie Ann James appears to be introducing obstacles in the path to justice. We direct…

Read More

Beech Holdings (Manchester) Ltd – Currently Under Investigation


Beech Holdings (Manchester) Ltd (now called Manchester Property Developments Holdings Ltd) is a company self-described as a prominent residential developer and operator with a rich…

Read More
off plan property

Navigating Off-Plan Property Purchases: Your Guide to Recovery


Purchasing off-plan property can be an enticing prospect, offering a chance to secure a futureproperty at potentially lower prices and reap wonderful returns. However, the…

Read More

The Power of Unity: How Creditors’ Action Groups Can Help Recover Your Investments


Sometimes, when investments take a wrong turn, it can leave you feeling isolated,powerless, and hopeless. You might question your ability to fight back as an…

Read More