jj
Member of DD Central
Jolly Jammy
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Post by jj on Jul 4, 2019 4:44:39 GMT
From my POV I find it quite frustrating that apart from the student accommodation all my other loans seems to have concluded in a positive manner a while ago.
Yet it seems my cash is being used to enable BDO to further their investigations in chasing loans that will not end in a positive light.
Why can't I have my money back ? Even if it meaning writing the rest of the loans off ?
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sj
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Post by sj on Jul 4, 2019 15:33:44 GMT
I agree with the above, but what are we going to do about it? Take BDO to court?
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sj
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Post by sj on Jul 4, 2019 15:36:12 GMT
In fact, I recall reading that the judge responsible for appointing BDO claimed he would be keeping an eye on things or words to that effect, re. BDO expenditures. I doubt he's actually doing that!
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 5, 2019 21:27:24 GMT
In fact, I recall reading that the judge responsible for appointing BDO claimed he would be keeping an eye on things or words to that effect, re. BDO expenditures. I doubt he's actually doing that! Yeah, I'm sure The Judge has excellent Forensic Accountant qualifications as well as their legal qualifications, and completely understands the minutiae and full depth & breadth of the BDO figures & costs they're presented with, before "signing" them off. I'm sure s/he completely understands the BDO figures/costs/fees before agreeing with them.
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hendragon
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Post by hendragon on Jul 6, 2019 10:16:51 GMT
If I were being cynical I might suggest that there is a certain ammount of dragging of feet by both BDO and the FCA. I am sure that there can be no connection between the timing of the conclusions from the Col farce and the putative ambitions of Mr Bailey towards the soon to be vacant directorship of the BoE. I am very glad that our society and financial lives are not governed by those that would consider such heinous practices. I would be most distressed to think that the current director of the FCA would be out of the firing line should any brown stuff hit the fan. This couldn't possibly happen in the UK...........cricket,fair play, playing fields of Eton etc.
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duck
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Post by duck on Jul 6, 2019 12:35:30 GMT
If I were being cynical I might suggest that there is a certain amount of dragging of feet by both BDO and the FCA. ..... You will be pleased to see that some of us have been giving the FCA a bit of a hurry up.
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hendragon
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Post by hendragon on Jul 6, 2019 15:58:30 GMT
The activities of yourself and a number of other forumites are appreciated and respected by myself duck . If you require crowdfunding for any electric cattle prods or thumbscrews etc I will be more than happy to subscribe. Any further representation to my local MP will have to wait until after the by-election, (Brecon and Radnor). As soon as I know who my MP is I will visit or re-visit the topic of Col with them.
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adrianc
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Post by adrianc on Jul 6, 2019 16:40:23 GMT
Any further representation to my local MP will have to wait until after the by-election, (Brecon and Radnor). <waves across border to next-door neighbour>
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star dust
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Post by star dust on Aug 19, 2019 9:22:22 GMT
<snip> I'm particularly interested on the status of COLLATERAL Loans funded via Bondmason.... <snip> <snip> Re Coll: next creditor committee meeting in October. We should know more then. <snip> Thanks for the news stevefindlay , has a date in October been pencilled in yet?
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Monetus
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Post by Monetus on Aug 19, 2019 9:32:11 GMT
<snip> Re Coll: next creditor committee meeting in October. We should know more then. <snip> Thanks for the news stevefindlay , has a date in October been pencilled in yet? Yes just confirmed as 23rd October.
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keystone
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Post by keystone on Aug 19, 2019 11:22:50 GMT
Are we supposed to have a response to our complaints from the FCA before or after this date?
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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 Aug 19, 2019 11:44:41 GMT
Are we supposed to have a response to our complaints from the FCA before or after this date? Neither. FCA complaints are totally separate to the administration/liquidation process and wont be considered until after FCA have completed their own enforcement investigation unless duck & friends can find some way to force their hand.
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duck
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Post by duck on Aug 19, 2019 13:48:54 GMT
Are we supposed to have a response to our complaints from the FCA before or after this date? .... and wont be considered until after FCA have completed their own enforcement investigation unless duck & friends can find some way to force their hand. If only we could, it's not for want of trying! The FCA are dragging everything into 'the investigation' including requests covering FCA procedures (generic not Col related). That said the complaints are not the only front open at this moment, for instance this and this and this and this. I'm off on my hols tomorrow but when I return another new front will be opened. We will be asking all Col investors to join in on this one ..................
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seb8072
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Post by seb8072 on Aug 19, 2019 15:09:38 GMT
Have a good one. You clearly deserve it.
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keystone
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Post by keystone on Aug 19, 2019 16:48:36 GMT
What worries me is how many other P2P firms are operating illegally or fraudulently whilst the FCA twiddles its thumbs. The whole P2P sector seems to be riddled with crooks, fraudsters and liars. The FCA don't seem to have taken any action to validate any other firm or in fact reacted in any way. Also, if there is criminal activity involved, the FCA try to wash their hands of any liability. I just can't see this ending well for investors.
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