Unsecured Creditor
The 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…
Read MoreNew Capital Link- Covering Their Tracks
Following the release of our widely-read blog, New Capital Link – Enablers Part 1, in December 2024, Insolvency & Law (I&L) experienced a cyber-attack. Fortunately, our systems were swiftly restored. Given the timing and nature of the attack, we strongly suspect that New Capital Link (NCL) was behind it, likely in retaliation for our exposure…
Read MoreGibraltar Financial Services Commission (GFSC) – Did they fail Loan Note Holders?
As a loan note holder, you may have placed your trust in regulatory bodies such as the Gibraltar Financial Services Commission (GFSC) to safeguard your interests. After all, the GFSC confirmed that Castle Trust and Management Services Limited (CTMS) was authorised to conduct regulated activities under the Financial Services Act 2019, including acting as a…
Read MoreGibraltar Financial Services Commission: A Lesson in Financial Regulation
The recent collapse of High Street Group and its security trustee, Castle Trust Management and Services, prompts a closer examination of regulatory practices. Along with the importance of due diligence procedures. With the director of High Street Group, Gary Forrest, ordered bankrupt for liabilities totaling tens of millions of pounds. Castle Trust’s director, Steve Knight,…
Read MoreDe Trafford Third Party Recovery: An Update
The recent financial collapse of multiple DeTrafford property development companies hassignificantly impacted purchasers. As they navigate the consequences, a glimmer of hope arises asthe wheels of the third- party action is firmly in motion. Read our previous articles here and here forthe history of this case. The Rise and Fall of DeTrafford: Over the past…
Read MoreNorthumberland Living Developments: Allegations and Challenges
Northumberland Living, In West Chevington Farm, Druridge Bay, is a development poised for completion. Only to be stalled by an apparent unforeseen historical conveyancing issue. The repercussions extend beyond construction delays, with disgruntled purchasers raising concerns about alleged delayed interest payments. This scenario, unfortunately, mirrors another development: Ashbrookes. They also use Castle Trust Management and…
Read More