Article: Investors angry as FCA close investigation

This is totally bloody disgusting - there is more than enough evidence here for a criminal prosecution

So what happened to their ex Ceo - yes promoted to chairman of the BoE where he is equally bloody useless but on a vast salary which we pay for

And people say the establishment is corrupt, out of touch and self-serving...

They have almost literally swept the whole thing under the carpet. The bottom line for me is they were complicit in the fraud by authorising it and allowing FS to display that reassuring logo. The FCA know it as well. 

Yes it is, which is exactly what and why they are doing it.

"Protect Consumers" my arse, "Protect Ourselves" is what it actually IS, and always has been.

Anyone on here close to an MP or someone on the Treasury Committee?

If you are, please DO something about this criminal travesty cover up and burying.

Two or more people simply MUST be prosecuted over Funding Secure.

Is that like a Glasgow kiss?

Dont worry, youll get over the cricket soon 

Had another look at this one - I think the below is key



I ask myself WHY - I refuse to believe this was a simple investment and JC Starr wanted something back and this Quistclose claim is a red-herring

I have really been thinking about this - am I correct in thinking there may possibly be a front man of JC - possibly JP behind this because I think 
for £0.5m JC Starr wanted a bit more than passive investment - maybe to control the large building plot or possibly to "own" FS

Whatever there is something very badly wrong here and the SFO should be investigating as personally I think the FS directors are not the only offenders


I work damn hard as a developer, make little money and yet we see greedy criminal wazzocks laugh at the system and get let off by the FCA - call that natural justice!

 

Excellent reporting Mousey and I thank you. There are numerous reports of lenders/investors being financially ruined, health problems, the list goes on and on. It annoys me when lenders/investor are ‘accused’ of being somewhat reckless for not reading the small print before becoming involved. Anyone here care to put their hands up and confirm they’ve read the T’s & C’s of the last piece of software they installed on their machines - thought not.

It’s a given that with many platforms there existed a greed mentality which morphed into downright fraudulent activity. But the real villains in all of this are the FCA that after taking the fees enabled the Platforms to emblazon their websites with the ‘FCA Authorised and Regulated’ credibility bit, then sat back and did virtually nothing. The FCA are not fit for purpose and this is clearly demonstrated by having a ‘kick it into the long grass’ review and then refusing to make it public. Of course the FCA are not going to publish anything which will either directly or indirectly reflect poorly upon themselves.

Are they (the FCA) interested in Protecting Consumers. On paper the answer is yes but in reality they have shown themselves to be incompetent and lazy to put it mildly. P2P will continue to chug along but it’s a shadow of it’s former self. A Platform going broke will obviously have an impact on the industry but once you get to several then that’s a different matter. Look under the covers and you will see the inaction of the FCA everywhere. I concede they got one result with COL but it was the FCA systems that allowed the Currie Bros to effect their scam.

My view for what it’s worth is the demise of P2P is the direct result of FCA involvement.