Mucho P2P
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Post by Mucho P2P on Dec 15, 2020 13:23:57 GMT
I take this to read - there was zero documentation - am I being cynical? I think it would be better worded as the limited documentation available was not of the type that would allow receviers to be appointed.
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michaelc
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Post by michaelc on Dec 15, 2020 14:30:39 GMT
Only just noticed this. Loan closed with zero payout due to insufficient documentation to appoint receivers. This security was linked to one of the directors. Fundingsecure director Richard Luxmore created "false and fraudulent documentation so as to conceal" payments of £8.15m, court papers claim explains insufficient documentation to appoint receivers. still would like administrators to clarify So how can we get evidence about specific loans like this one so that we can: a/ Get police involved b/ Mount a legal claim against him ? So far the administrators have not been cooperative. It isn't their remit of course to release information but they do act as "fundingsecure ltd" and it was my thousand pounds that I gave to "fundingsecure ltd" so surely they have some duty to tell me what happened to it ? Edit: That 1K was JUST on this loan not the total those %^&%^&^ took.
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Mucho P2P
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Post by Mucho P2P on Dec 15, 2020 14:51:13 GMT
Fundingsecure director Richard Luxmore created "false and fraudulent documentation so as to conceal" payments of £8.15m, court papers claim explains insufficient documentation to appoint receivers. still would like administrators to clarify So how can we get evidence about specific loans like this one so that we can: a/ Get police involved b/ Mount a legal claim against him ? So far the administrators have not been cooperative. It isn't their remit of course to release information but they do act as "fundingsecure ltd" and it was my thousand pounds that I gave to "fundingsecure ltd" so surely they have some duty to tell me what happened to it ? There is a creditors committee later this week, I believe a written request has already gone into the administrators regarding topics surrounding this matter, and others.
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Mousey
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Post by Mousey on Dec 15, 2020 15:04:11 GMT
I might be so bold as to suggest this loan fell into Category 2 of the claims by Fundingsecure:
It was claimed:
RL created or procured the creation of false Loan Entries on the Claimant’s platform in respect of which certain investors unwittingly authorised the use of sums previously input by them into the Claimant’s client account. The Loan Entries were false and fraudulent in that they were created ex post facto and the stated purpose and/or security and/or recipient were fabricated by RL.
At the time of finalising these amended particulars of claim, and based on the material currently available to the Claimant, the Claimant has identified £4,369,484.48 being wrongly dissipated by means of Category 2 Advances to MC and/or his associates.
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michaelc
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Post by michaelc on Dec 15, 2020 17:14:42 GMT
So at the moment this is officially "just" part of a claim going to court that has yet to be proven. I think thats true?
Once proven, does that open the way for investors to go after RL personally? Or does the notion of "limited liability" of a company come into force and prevent this? If not, would proof that he had acted fraudulently (assuming that is the decision of this case brought by the administrators) be sufficient to prove to a (e.g. small claims court) he owes me that money and indeed for the police to get involved with a prosecution?
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