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LCF bondholders warned over new rip-off

London Capital & Finance (LCF) bondholders have been warned a few new rip-off by the Monetary Providers Compensation Scheme (FSCS).

An LCF bondholder contacted the FSCS after receiving a fraudulent letter claiming to be from Buying and selling Requirements.

The letter didn’t point out LCF immediately, however when the bondholder rang the cellphone quantity on the letter the one that answered stated they have been entitled to extra money for his or her funding in LCF and that they need to act rapidly to get it again.

The scammers used the names Henry Johnson and Daniel Thomas.

The Chartered Buying and selling Requirements Institute has confirmed the letter is a rip-off and has beforehand issued warnings about fraudsters impersonating the institute.

The FSCS warned LCF bondholders to be vigilant towards scams, and if they’re ever not sure about contact from an organisation they need to contact them immediately utilizing the knowledge accessible on their official web site.

Final month the FSCS took the bizarre step of naming two corporations suspected of making an attempt to rip-off LCF mini-bond victims.

The compensation physique says that LCF bondholders are being approached by scammers utilizing the corporate names LC Holdings and Capital Finance. 

The FSCS is nearing the top of a government-backed compensation scheme which is returning over £114m to LCF bondholder victims.

Mini-bond supplier London Capital & Finance collapsed in 2019, ripping off some 11,625 traders who misplaced financial savings price a complete of £237m.

LCF went into administration on 30 January 2019 and the FSCS declared it had failed on 9 January 2020.




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