Posts Tagged ‘unregulated investment’
DeTrafford Downfall: Collapsed Ventures and Investor Claims
The recent financial collapse of multiple DeTrafford property development companies has significantly impacted investors. With failed projects and rising debts, the company’s future remains uncertain. As investors navigate the consequences, a glimmer of hope arises as we delve into bringing claims against third parties. In this article, we explore the troubled history of DeTrafford and…
Read MoreConsider investment fraud victims
It is somewhat common knowledge that white-collar criminals regularly dupe innocent investors into handing over their hard-earned cash. During the fallout of such cases, we often, understandably, hear about the perpetrators and their misdemeanours. White-collar criminals become famous. But rarely is a voice is given to victims of unregulated investment fraud and similar crimes. Remember…
Read MoreBBC expose unregulated investment scam
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: Nevertheless, the scheme collapsed in April 2020…
Read MoreBeware of the mini-bond market
A mini-bond is a niche type of unregulated investment that you don’t hear about too often. But here at I&L, we like to discuss topics that will help to protect and educate our clients. As a result, mini-bonds is the focus of this post. So what exactly is a mini-bond? Mini-bonds are a form of…
Read MorePolice and financers warn of online bank fraud
Bank customers lost a record £1.3 billion to online scams last year, according to lobby group UK Finance. In 2021, investment fraud accounted for nearly one third of losses, with the promise of high returns enticing potential victims. UK Finance’s Annual Fraud Report notes that scammers are aware that pension freedoms have given over-55s access…
Read MoreFCA and FSCS: “Investors should do more research”
A survey by the Financial Services Compensation Scheme (FSCS) and Financial Conduct Authority (FCA) found that many investors avoid doing due diligence because they found the process “complicated” and “time consuming.” According to the results of the study, 42% of Britons aged 18 to 24, who have money in investments, claim their latest investment was…
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