ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 6, 2023 20:45:05 GMT
Updates on this loan were absolutely ridiculous, like this gem. "31/10/2017 Confirmation received that the bankers draft has cleared - funds to be transferred once AML requirements satisfied." Blatant lies then? If that doesn't constitute Fraud, what does? Where are the FCA/Police in all this? Now that their investigation/s "have concluded"?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 6, 2023 21:38:56 GMT
Updates on this loan were absolutely ridiculous, like this gem. "31/10/2017 Confirmation received that the bankers draft has cleared - funds to be transferred once AML requirements satisfied." Blatant lies then? If that doesn't constitute Fraud, what does? Where are the FCA/Police in all this? Now that their investigation/s "have concluded"? How is it fraud? They already had the money so they arent obtaining it by deception ...
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 6, 2023 22:32:10 GMT
Blatant lies then? If that doesn't constitute Fraud, what does? Where are the FCA/Police in all this? Now that their investigation/s "have concluded"? How is it fraud? They already had the money so they arent obtaining it by deception ... As I recall, the money never actually materialised?
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r1200gs
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Post by r1200gs on Jun 7, 2023 9:45:41 GMT
How is it fraud? They already had the money so they arent obtaining it by deception ... As I recall, the money never actually materialised? No, it didn't. So fake bankers draft or people telling lies - again.
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Mucho P2P
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Post by Mucho P2P on Jun 7, 2023 11:04:44 GMT
As I recall, the money never actually materialised? No, it didn't. So fake bankers draft or people telling lies - again. "bankers draft" should have raised the red flag. I cant recall seeing a bankers draft for the last 15 years. Anyone seen one recently???, or a travellers cheque??? As far as I am concerened, FS was not twisting the truth but just blatently lying to the lenders. And now we have the FCA completed investigation that is "confidential" and wont be officially released.
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merlin99
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Post by merlin99 on Jun 7, 2023 14:32:40 GMT
No, it didn't. So fake bankers draft or people telling lies - again. "bankers draft" should have raised the red flag. I cant recall seeing a bankers draft for the last 15 years. Anyone seen one recently???, or a travellers cheque??? As far as I am concerened, FS was not twisting the truth but just blatently lying to the lenders. And now we have the FCA completed investigation that is "confidential" and wont be officially released. What else would you expect? It is well known fact that "friends" don't p*iss on "friends" unless they absolutely cannot avoid it. In the case of the boats, the borrowers and their sponsors were from the start a real can of worms but this only came to light long before repayment was due when they were exposed as a "busted flush". As it currently stands my wife and I have both lost five figure sums and it hurts. However perhaps one day we may just get even!
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adrian77
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Post by adrian77 on Jun 7, 2023 15:02:02 GMT
Damn right I am stil querying if there was one or two boats - does anybody know if we can access a shipping database or whatever I have tried the small ship registry but no luck as I am not sure how to access it correctly.
As above these charges were done in 2020 but the money advanced in 2016 - well that's a new one on me! I have no idea if this is even legal given that we were told FS held first charges Unlike house boats can move around so what happens if a boat goes abroad and a claim is made against it?
Have re-looked at their Facebook page etc - only reference to one powerboat.
They also mention the electric boat in collaboration with Jaguar but state that relationship has come to an end - what a surprise and I bet Jaguar want exactly zero publicity about it
This stinks more than putrid Stinking Bishop (great cheese)
Hopefully sooner or later the truth about this one will come out ...
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Post by beepbeepimajeep on Jun 7, 2023 15:36:04 GMT
This loan started in what, early 2016? Say you put £100 into it, things you could have done then at that timepoint with varying rates of return
Invest it in Bitcoin Invest it in Tech Stocks Invest it in Global stock tracker Put it in highest interest cash savings you could find then (regular savers?) Keep it as cash in wallet Give to to charity/a homeless person Blow it on some rounds of drinks Let your grandchildren buy Fortnite skins with it so they can run about the game looking like Snoop Dogg when playing with their friends Punt it on roulette/some nag in the national Use the paper notes to light a cigar Send it to a Nigerian scammer in the vain hope of releasing a $23,000,000,000 inheritance
Let these borrowers and funding secure get their hands on it so you can be subjected to 7 years of these updates to arrive at the end of the line with an 84% capital loss.
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Post by overthehill on Jun 7, 2023 15:43:41 GMT
This loan started in what, early 2016? Say you put £100 into it, things you could have done then at that timepoint with varying rates of return Invest it in Bitcoin Invest it in Tech Stocks Invest it in Global stock tracker Put it in highest interest cash savings you could find then (regular savers?) Keep it as cash in wallet Give to to charity/a homeless person Blow it on some rounds of drinks Let your grandchildren buy Fortnite skins with it so they can run about the game looking like Snoop Dogg when playing with their friends Punt it on roulette/some nag in the national Use the paper notes to light a cigar Send it to a Nigerian scammer in the vain hope of releasing a $23,000,000,000 inheritance Let these borrowers and funding secure get their hands on it so you can be subjected to 7 years of these updates to arrive at the end of the line with an 84% capital loss. One more...
Punt it on roulette/some nag
I've offered this advice before, never ever invest your money in anything to do with boats, couldn't get a better example of sophisticated investor only.
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11025
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Post by 11025 on Jun 7, 2023 17:20:46 GMT
Damn right I am stil querying if there was one or two boats - does anybody know if we can access a shipping database or whatever I have tried the small ship registry but no luck as I am not sure how to access it correctly. As above these charges were done in 2020 but the money advanced in 2016 - well that's a new one on me! I have no idea if this is even legal given that we were told FS held first charges Unlike house boats can move around so what happens if a boat goes abroad and a claim is made against it? Have re-looked at their Facebook page etc - only reference to one powerboat. They also mention the electric boat in collaboration with Jaguar but state that relationship has come to an end - what a surprise and I bet Jaguar want exactly zero publicity about it This stinks more than putrid Stinking Bishop (great cheese) Hopefully sooner or later the truth about this one will come out ... Absolutely , the fos found in my favour ( pretty rare for them to side with any consumer these days ) and that was when I had lent against a single boat - with this new urine extraction added to the mix they would be apoplectic . This behaviour would not be tolerated anywhere else - so why in P2P ??
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Post by martin44 on Jun 7, 2023 18:02:16 GMT
No, it didn't. So fake bankers draft or people telling lies - again. "bankers draft" should have raised the red flag. I cant recall seeing a bankers draft for the last 15 years. Anyone seen one recently???, or a travellers cheque??? As far as I am concerened, FS was not twisting the truth but just blatently lying to the lenders. And now we have the FCA completed investigation that is "confidential" and wont be officially released.And thats all down to one name... Andrew Bailey.. totally useless at the FCA and now totally useless at the BOE.
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11025
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Post by 11025 on Jun 29, 2023 16:19:09 GMT
Reply to my complaint regarding this below: We have been passed your email complaint regarding this loan.
It appears therefore that this issue relates to the way in which the illustration from February 2022 was provided to Investors as this showed the full settlement amount and did not flag that this was the total amount for both boats which would then need to be apportioned. The previous updates did refer to the fact that the Settlement Agreement covered both of the power boats. These were previously brought together in 2018 under a purported Settlement Agreement. It was therefore the understanding of the Administrators that the Investors were already aware that these loans had been brought together. A full review of the previous updates now shows that this position was not made clear historically.The breakdown provided in February 2022 was done so in response to Investors wanting clarity as to what funds had been received at a period of time where it was not possible for us to make payment. It was flagged that these were illustrative, and they were provided on the basis that it was already the understanding of Investors that the two loans had been settled together. We apologise for any confusion.Further email from myself :
Thank you for the reply,
Please can you provide the information you are referring to when when you state that investors were already aware that two loans would be settled together.
Thanks
Then response from Solicitor Director of Insolvency I highlight my response below, the Administrators had believed that the Investors were already aware, but a subsequent review of the previous updates showed that was not the case.
To say I am unimpressed is rather a large understatement People should be made to pay for this - but as we have found out accountability is now a historic word in this country.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jun 29, 2023 20:42:56 GMT
So, basically, a crystal clear case of Fraud has been committed?
If so, where are the Police and FCA in this?
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Mucho P2P
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Post by Mucho P2P on Jun 29, 2023 21:12:16 GMT
So, basically, a crystal clear case of Fraud has been committed? If so, where are the Police and FCA in this? Why do you think the FCA report on their investigation into FS is confidential?
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Post by jay2 on Feb 29, 2024 16:19:30 GMT
Well finally, a little bit of cash...
Anyone know what "Indemnity Sum. This is a sum to enable certain funds to be moved at this stage" and "Settlement" mean??
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