79th Group
A Difficult Truth: The 79th Group’s Latest Statement
On 10 April, The 79th Group issued a public statement in response to the ongoing investigation by the City of London Police, which can be found here. But let’s be clear: this is not a roadmap to redemption. It’s a thinly veiled admission of financial distress — and a warning to investors that the company…
Read MoreThe Cold Truth About The 79th Group, the Police, and Your Money
The 79th Group Loan Notes Recovery Over the past several months, a growing number of investors have come forward, alarmed and confused by what’s happening with their investments in The 79th Group and its network of companies. Some have received no returns. Others have received vague updates about an ongoing police investigation. Most are still…
Read MoreThe 79th Group Loan Notes- Troubling Security Trustee Issues
As The 79th Group suspends redemption and interest payments on its loan notes and ceases to respond to concerned investors, scrutiny is intensifying over the robustness of the legal protections supposedly in place. In particular, many loan note holders are now turning their attention to the Security Trustee arrangements . Their supposed safety net –…
Read MoreThe 79th Group Halts Payments Amid Fraud Probe
In a move that has alarmed investors across the UK and internationally, The 79th Group has suspended all interest and redemption payments on its loan notes. The announcement comes on the heels of a City of London Police investigation into suspected widespread fraud. Four individuals connected to the company have been arrested and released on…
Read MoreThe 79th Group – Police Fraud Investigation
What’s Happening, and How Did We Get Here? Police Investigation: The 79th Group Under the Spotlight It is now widely reported that four individuals have been arrested as part of an ongoing police investigation into The 79th Group. The City of London Police’s Fraud Operations Lead Force Unit is probing the company for suspected widespread…
Read MoreThe 79th Group – under investigation for “suspected widespread fraud”.
The news on Friday, February 28th, that 79th Group is under investigation for “suspected widespread fraud” will shock many investors. They placed their funds and trust in a company that now seems “too good to be true.” Although 79th Group and its subsidiaries are still trading, recent events signal trouble. Authorities have arrested four people…
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