Investment Scams
Gibraltar Financial Services Commission (GFSC) – 100% Asleep at the Regulatory Wheel
Faith in Regulations Insolvency & Law (I&L) recently received confirmation from the Gibraltar Financial Services Commission (GFSC) that Castle Trust and Management Services Limited (CTMS) was formally approved to carry out regulated activities under the Financial Services Act 2019. GFSC have confirmed to Insolvency & Law (I&L) that: “Castle Trust and Management Services Limited (“CTMS”)…
Read MoreGibraltar Financial Services Commission – asleep at the regulatory wheel or driving without due care?
The Gibraltar Financial Services Commission (GFSC) remains silent on the ongoing issue of Castle Trust and Management Services Ltd (CTMS), now in liquidation. This lack of communication suggests the GFSC is either unwilling or unable to provide meaningful direction or assistance to the victims of CTMS. Gibraltar is supposed to be a safe haven for…
Read MoreUrgent Call to Action: Have You Invested in Beech Holdings (Manchester) Ltd?
If you or anyone you know has invested in Beech Holdings (Manchester) Ltd, it’s time to take action immediately and get in touch. The Situation Beech Holdings has enlisted the services of Manchester law firm, Slater Hellis. Notably, these are the same lawyers who handled the conveyancing for DeTrafford in their apartment sales, which ended…
Read MoreThe Rise and Fall of a £70million Investment Scam
In a shocking case of financial deception, Anthony Constantinou, the mastermind behind a Ponzi-style investment scam, has been found guilty. Constantinou, the founder of Capital World Markets (CWM), promised investors lucrative returns on risk-free foreign exchange trades. However, instead of investing the funds as promised, he used new investors’ money to pay off existing investors.…
Read MoreCouple Convicted of Cold-Calling Investment Scam
A married couple were convicted last week for heading up a cold calling investment scam targeting elderly victims with a total loss of over £2.7 million. It’s not often we see white collar crime punished in the UK, so this is a refreshing piece of news. Southwark Crown Court found Clint Canning guilty of fraud…
Read MoreInvestment Scams wreaking havoc on Facebook and Instagram
Research from Which? found hundreds of investment ads on Facebook and Instagram that are misleading investors into potential investment scams. The findings come as there’s been a huge surge in losses liked to investment scams. Here at I&L, we’re always on alert for the newest scams that pop up and have done many a post…
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