LCF Bondholders retweetledi
Solicitor fined £30,000 for 'obvious conflict' arising from LCF role:
lawgazette.co.uk/news/solicitor…
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LCF Bondholders
6.7K posts
LCF Bondholders
@LCFBondholders
London Capital & Finance raised £237m from 11,605 savers before collapsing - Jan 2019. SFO are investigating. FSCS faced legal action. FCA was investigated.
Katılım Mart 2019
2.3K Takip Edilen805 Takipçiler
LCF Bondholders retweetledi
LCF Bondholders retweetledi
3/ In witness statements to the High Court, ‘Jeremy Friedlander’ said that he had been introduced to #LCF crew-mate ‘Simon Hume-Kendall’ & #LCF major borrower #LOG back in 2016 and acted as a consultant to #LOG and consultant &/or director to other #LCF borrower linked companies incl. those linked to the infamous #Lakeview Country Club ‘respins’.
Ian Beckett@ianbeckett
44/ + pivoting their fledgling “Sales Aid Finance” op in to what would become #LCF. As the “battle of the Lakeview timeshares” raged on between the #LCF crew (who now controlled Lakeview) + the timeshare management committee (timeshare freehold in a trust), the chairman …
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LCF Bondholders retweetledi
1/ #LCF mini-bond Ponzi: #BussMurton law-firm partner ‘Alex Lee’ fined £30k (+£50k costs) over role as director of ‘bond trustee’ setup to purportedly protect the interest of #LCF bondholders, despite the "obvious" conflict of interest [his client was #LCF & it’s front-man ‘Andy Thompson’]
When acting for #LCF, ‘Andy Thomson’ was Alex Lee’s main point of contact and the solicitor knew that ‘Andy Thomson’ had some form of "residual interest" in #LCF borrowers.
Reportedly:
● ‘Alex Lee’ took on the job of director of Global Security Trustees Ltd. (#GST) at the end of March 2018 - a position that required him to act as security trustee protecting the interests of #LCF’s bondholders. This was despite the fact that he was said to have had a longstanding and continuing professional relationship with #LCF;
● The #SDT said that a number of significant "red flags" arose during the months that followed Alex Lee's appointment, including a £30m loan that #LCF had made to London Oil and Gas Ltd. (#LOG), which turned out to be the largest borrower in the fraudulent scheme. But ‘Alex Lee’ continued to act for the company;
● "The tribunal considered that the prolonged continuation of Alex Lee's dual roles, including during periods when concerns arose regarding security assets and regulatory intervention damaged public confidence," the judgment says;
● "The fact that a solicitor remained embedded in a conflicted position as matters deteriorated increased the harm caused to the reputation of the profession. Further, the harm caused was wholly foreseeable";
● The #SDT ruled that ‘Alex Lee’ had acted with a lack of integrity and caused harm to the reputation of the profession.
Ian Beckett@ianbeckett
1/ #LCF mini-bond scandal: Inside Britain's biggest Ponzi scheme: where did £237m go? (thetimes.com/article/859cac…). Airbrushed from history now, back in 2019 the UK public were in the midst of ‘mini-bond mayhem’: blind eyed regulators/auditors/insolvency practitioners & solicitors; #HMTreasury apparatchiks barely out of their nappies & rapacious retail banks & Emoney ops - the ‘usual suspects’ , powered by social media, ran wild … yet again. It was yet another ‘golden age’ for the ‘usual suspects’ to yet again separate hard working people from their pensions & life savings … and the toddlers from #HMTreasury, Blinky (@theFCA) & it’s equally blind eyed regulator (@TPRgovuk) were tickety-boo with that. But the #LCF mini-bond scandal was too big for the apparatchiks to cover up this time, despite several ‘so called Tory’ politicians said to be rather chummy with the ‘#LCF crew’. It would come to a crescendo in public several years later in a public enquiry led by Dame Gloster, the first female judge of the Commercial Court, exposing the rotten heart of Blinky (@theFCA), and batting aside attempts to water down her enquiry’s findings. A multi-year campaign for compensation by the #LCF victims group would finally succeed, then came civil cases against the #LCF crew with crowdfunded transcription made public (exposing the dark underbelly & wider web) and they now await the outcome of the criminal investigations by the @UKSFO, trundling along.
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Solicitor - Alex Lee - fined £30,000 over conflict role in £237million LCF collapse solicitornews.co.uk/solicitor-fine… via @solicitornews.co.uk
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LCF Bondholders retweetledi
#LCF minibond scandal: #LCF crew-mate & now former solicitor ‘Robert Sedgwick’ ‘struck off’ by Solicitors Disciplinary Tribunal (#SDT).
Ian Beckett@ianbeckett
1/ #LCF mini-bond scandal: A reprise of #LCF crew-mate ‘Robert Sedgwick’, solicitor, facing the solicitors disciplinary Tribunal (#SDT) - this time round the #SDT block Re: #LCF, amid accusations he “facilitated the preparation, execution and circulation of backdated documents”.
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Robert Sedgwick has been banned for backdating documents to mislead FCA.
law360.com/articles/24684…
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Latest news from @MouseInTheCourt
London Capital & Finance solicitor Robert Sedgwick no-shows at disciplinary tribunal.
Read 20 pages of tribunal documents which set out the parties positions.
Daniel the MouseInTheCourt@MouseInTheCourt
Read our write-up and see tribunal documents here: mouseinthecourt.co.uk/2026/04/22/lon…
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LCF Bondholders retweetledi
#LCF minibond scandal: LCF crew-mate & solicitor ‘Robert Sedgwick’ reportedly confirmed as #SFO suspect as he ‘no-shows’ for Solicitors Disciplinary Tribunal (#SDT) hearing.
Ian Beckett@ianbeckett
1/ #LCF mini-bond scandal: A reprise of #LCF crew-mate ‘Robert Sedgwick’, solicitor, facing the solicitors disciplinary Tribunal (#SDT) - this time round the #SDT block Re: #LCF, amid accusations he “facilitated the preparation, execution and circulation of backdated documents”.
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LCF Bondholders retweetledi
Chair Ms Cullen confirms tribunal will proceed and starts giving reasons ... but Mr Tabachnik KC's ability to hear this zoom hearing has ceased.
Proceedings adjourned until "the technology catches up"
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LCF Bondholders retweetledi
Sedgwick confirmed as SFO suspect as LCF solicitor no-shows for tribunal hearing
Andrew Tabachnik KC, obo SRA, is asking the Solicitors Disciplinary Tribunal to proceed with 2-day-hearing in his absence
Sedgwick had cited a risk of prejudice to him in any criminal proceedings
Daniel the MouseInTheCourt@MouseInTheCourt
Exc: London Capital & Finance solicitor to face disciplinary tribunal Robert Mannering Sedgwick, 76, is set to face SDT amid accusations he "facilitated the preparation, execution and circulation of backdated documents" ✍️👇
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SFO update 13 April.
Michael Thomson, former CEO of London Capital & Finance Plc and his wife, Debbie Thomson admitted to several breaches of a restraint order. The pair have been held in contempt of court following a Serious Fraud Office (SFO) application
gov.uk/government/new…
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LCF Bondholders retweetledi
The Times Podcast: The #LCF mini-bond scandal: inside Britain’s biggest Ponzi scheme:
● The Ruined Estates of Kent and Sussex;
● Identifying the Architects: Golding and Hume-Kendall;
● The Mechanics of the 8% Mini-Bond Trap;
● Paul Careless and the Digital Hard Sell;
● Luxury Watches and Yachts: Where the Money Went;
● To Its Eternal Shame: The Failure of the FCA;
● The Human Cost: Chloe Dara's Stolen Future;
● Seven Years On: The Search for Legal Justice.
youtu.be/tnZgaaWzDVw?si…
YouTube
Ian Beckett@ianbeckett
1/ #LCF mini-bond scandal: Inside Britain's biggest Ponzi scheme: where did £237m go? (thetimes.com/article/859cac…). Airbrushed from history now, back in 2019 the UK public were in the midst of ‘mini-bond mayhem’: blind eyed regulators/auditors/insolvency practitioners & solicitors; #HMTreasury apparatchiks barely out of their nappies & rapacious retail banks & Emoney ops - the ‘usual suspects’ , powered by social media, ran wild … yet again. It was yet another ‘golden age’ for the ‘usual suspects’ to yet again separate hard working people from their pensions & life savings … and the toddlers from #HMTreasury, Blinky (@theFCA) & it’s equally blind eyed regulator (@TPRgovuk) were tickety-boo with that. But the #LCF mini-bond scandal was too big for the apparatchiks to cover up this time, despite several ‘so called Tory’ politicians said to be rather chummy with the ‘#LCF crew’. It would come to a crescendo in public several years later in a public enquiry led by Dame Gloster, the first female judge of the Commercial Court, exposing the rotten heart of Blinky (@theFCA), and batting aside attempts to water down her enquiry’s findings. A multi-year campaign for compensation by the #LCF victims group would finally succeed, then came civil cases against the #LCF crew with crowdfunded transcription made public (exposing the dark underbelly & wider web) and they now await the outcome of the criminal investigations by the @UKSFO, trundling along.
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Listen to the latest podcast from The Story by @thetimes
“Where did the £237 million go?
youtube.com/playlist?list=…
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LCF Bondholders retweetledi
WATCHDOG BACKS WRONG FIRM
Britain’s financial watchdog @TheFCA has once again demonstrated the reflexes of a dead houseplant.
Complaints Commissioner says FCA ignored warnings, missed red flags, shut inquiries, then helped give @AmymaInvest the respectable little badge it needed to keep selling mini-bond misery to vulnerable investors.
In other words, the regulator saw smoke, filed the paperwork, then handed the arsonist a lanyard.
This is all painfully familiar. We already had London Capital & Finance, where FCA approval acted like a fake Michelin star for financial sludge. Now we learn Amyma got the same halo effect, despite tipoffs going back to 2016.
Investigations were opened, closed, reopened, closed again, with the sort of urgency usually reserved for lost umbrellas.
By the time anyone managed to join the dots, ordinary investors were left holding the ashes.
FCA says stepping back was standard practice. Of course it was. In Britain, “standard practice” is often just the ceremonial rebranding of failure.
Source: Compliance Corylated, March 19, 2026
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LCF Bondholders retweetledi
1/ #LCF mini-bond scandal: A reprise of #LCF crew-mate ‘Robert Sedgwick’, solicitor, facing the solicitors disciplinary Tribunal (#SDT) - this time round the #SDT block Re: #LCF, amid accusations he “facilitated the preparation, execution and circulation of backdated documents”.
Daniel the MouseInTheCourt@MouseInTheCourt
Substantive trial date set for 22nd and 23rd April 2026, SDT cause list shows
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Solicitors Disciplinary Tribunal on 22 - 23 April awaits Robert Mannering Sedgwick who’s accused of facilitating the preparation, execution and circulation of backdated documents.
Daniel the MouseInTheCourt@MouseInTheCourt
Substantive trial date set for 22nd and 23rd April 2026, SDT cause list shows
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A quick reminder of the sorry saga of the LCF fraudsters since the collapse in December 2018.
Ian Beckett@ianbeckett
1/ #LCF mini-bond scandal: Inside Britain's biggest Ponzi scheme: where did £237m go? (thetimes.com/article/859cac…). Airbrushed from history now, back in 2019 the UK public were in the midst of ‘mini-bond mayhem’: blind eyed regulators/auditors/insolvency practitioners & solicitors; #HMTreasury apparatchiks barely out of their nappies & rapacious retail banks & Emoney ops - the ‘usual suspects’ , powered by social media, ran wild … yet again. It was yet another ‘golden age’ for the ‘usual suspects’ to yet again separate hard working people from their pensions & life savings … and the toddlers from #HMTreasury, Blinky (@theFCA) & it’s equally blind eyed regulator (@TPRgovuk) were tickety-boo with that. But the #LCF mini-bond scandal was too big for the apparatchiks to cover up this time, despite several ‘so called Tory’ politicians said to be rather chummy with the ‘#LCF crew’. It would come to a crescendo in public several years later in a public enquiry led by Dame Gloster, the first female judge of the Commercial Court, exposing the rotten heart of Blinky (@theFCA), and batting aside attempts to water down her enquiry’s findings. A multi-year campaign for compensation by the #LCF victims group would finally succeed, then came civil cases against the #LCF crew with crowdfunded transcription made public (exposing the dark underbelly & wider web) and they now await the outcome of the criminal investigations by the @UKSFO, trundling along.
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Inside Britain’s biggest Ponzi scheme: where did £237m go?
By @ArmitageJim @thetimes
thetimes.com/uk/crime/artic…
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LCF Bondholders retweetledi
#LCF mini-bond scandal: #LCF’s CEO ‘Michael Thomson’ & his wife ‘Debbie Thomson’ held in contempt for breaching restraint order, put in place to ring fence ‘their’ assets (gov.uk/government/new…).
Ian Beckett@ianbeckett
1/ London Captal & Finance (#LCF) minibond scandal: the High Court ruling comes in, finding that #LCF was a Ponzi scheme; that it had engaged in the fraudulent conduct of business & that it’s honchos subject to the lawsuit had all knowingly participated in the fraudulent conduct. c.c. @ArmitageJim @premnsikka
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