Mousey
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Post by Mousey on Mar 5, 2024 18:06:02 GMT
Perhaps a BBC expose a la Post Office is needed? Think you’ll find that was ITV. I don’t think the BBC would go near it given their Government stooges at the top. Think you'll find it was the BBC. The BBC have been all over it for many years. It was Nick Wallis, a local BBC journalist, who was one of the first who covered the scandal and ultimately got a 'Panorama' made in 2015: In 2015 - www.imdb.com/title/tt4961332/And again in 2020 - www.imdb.com/title/tt12435252/And again in 2022 - www.bbc.co.uk/iplayer/episode/m0016t20/panorama-the-post-office-scandalAnd that's just me spending 20 seconds on Google. It's only recently in 2024 that ITV covered it.
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min
Member of DD Central
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Post by min on Mar 6, 2024 6:53:10 GMT
Agreed that BBC ran a story on it a few years back, picking up on all the excellent work by Computer Weekly and Private Eye; that and the Alan Bates et al court case brought about the establishment of the inquiry. However it wasn’t until the ITV drama that there was a public outcry. I think the original point was that with Collateral much of the evidence is known but that an exposé done through drama might unblock the dam of delay and obsfucation created by the FCA.
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duck
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Post by duck on Mar 6, 2024 7:16:34 GMT
Anybody get an update on their complaint(s) yesterday?
Indeed it is but gaining publicity is very hard work, the lings and I have been trying for years. (hopefully there should be something soon, one very good journalist fully briefed) That said, there is still far more to come out. The FCA have had evidence of further illegalities that they chose not to prosecute. I have the evidence but have to be careful not to break the law by publishing it!
The FCA managed to shut down nearly all routes for exposure for years with its 'investigation' and subsequent court case.
Even the Treasury Committee had to remain silent inspite of further evidence being presented to them on several cases (was anything raised in private before the viewable content was shown?)
There is a great deal of discontent with the FCA and its practices 'out there', Col is one of the starkest examples of FCA failure.
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amanda373
Anyone downloaded the full transcript of the Court Session with the FCA. .?
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Post by amanda373 on Mar 6, 2024 8:15:28 GMT
Thanks for sticking with it!
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Post by brightspark on Mar 6, 2024 9:08:39 GMT
Anybody get an update on their complaint(s) yesterday? Indeed it is but gaining publicity is very hard work, the lings and I have been trying for years. (hopefully there should be something soon, one very good journalist fully briefed) That said, there is still far more to come out. The FCA have had evidence of further illegalities that they chose not to prosecute. I have the evidence but have to be careful not to break the law by publishing it! The FCA managed to shut down nearly all routes for exposure for years with its 'investigation' and subsequent court case. Even the Treasury Committee had to remain silent inspite of further evidence being presented to them on several cases (was anything raised in private before the viewable content was shown?) There is a great deal of discontent with the FCA and its practices 'out there', Col is one of the starkest examples of FCA failure. A fictional non-lawbreaking version of events which highlights the potential for criminality or possibly a humorous version focusing on a mythical Financial Misconduct Authority might do the trick. From above comments the BBC would probably not enthuse with a general election in the offing but an independent broadcaster might be prepared to give it a go.
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Post by beepbeepimajeep on Mar 6, 2024 12:15:54 GMT
Anybody get an update on their complaint(s) yesterday? I did not, should I have?
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duck
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Post by duck on Mar 6, 2024 13:26:26 GMT
Anybody get an update on their complaint(s) yesterday? I did not, should I have? Yes. It was 4 weeks from the date of the last update that everybody received i.e. 06/02/24. The email stated "We will continue to update you every 4 weeks." If I receive nothing later today I will be writing (yet) another official complaint!
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Post by brightspark on Mar 6, 2024 14:15:50 GMT
Magic Roundabout?
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Post by beepbeepimajeep on Mar 6, 2024 14:55:55 GMT
I did not, should I have? Yes. It was 4 weeks from the date of the last update that everybody received i.e. 06/02/24. The email stated "We will continue to update you every 4 weeks." If I receive nothing later today I will be writing (yet) another official complaint! Ty duck, now I understand.
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duck
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Post by duck on Mar 6, 2024 16:46:36 GMT
Just sent
Official Complaint - Collateral (UK) Ltd
As per my previous complaints this one is written on behalf of myself Peter Cornell, my wife XXX and my Limited Company XXX.
It is with a serious sense of déjà vu, despair and anger that I find myself having to write this complaint.
In your email of 06/02/2024 (attached) you wrote “We acknowledge that you were not provided with an update in either December 2023 or January 2024 and would like to apologise for this.”
It was also stated “We will continue to update you every 4 weeks.”
Four weeks have passed since the previous ‘update’ and yet again you have not sent out an update to me or to any other Collateral complainees.
For six years now the FCA have stalled answering the c300 complaints that the FCA hold regarding their handling of Collateral (UK) Ltd.
The trial was over nearly a year ago and yet you are still ‘investigating’ complaints that in many cases were lodged over five years ago, perhaps you need to mount an investigation into the length of this ‘investigation’.
The fact of the insecure IP register has been in the public domain for years now as has the ‘protracted argument’ that took place between the FCA and the Currie brothers.
It is an undisputed fact that the FCA allowed Collateral to continue trading when the FCA knew the register entry to be false costing investors a further £3.8m.
It is public knowledge that the FCA broke the law when they continued to hold discussions with the Currie brothers and their team after the statutory max time limit of 12 months specified in s55V of FSMA2000 had expired. This decision to break the law was the cause of most of the losses that investors have experienced since most investment took place after this time limit had expired.
As you will know from my complaints file I have only touched on a few of the issues that I have raised in official complaints. I will not detail them here but as you will know each one relates to FCA failures not only with respect to their conduct but also to further frauds committed by the Currie brothers under the ‘watchful eyes’ of the FCA.
I accept that the Case of Collateral is very embarrassing to the FCA but that cannot be used as an excuse to further delay answering investors complaints.
The FCA’s performance with respect to Collateral investors has been lamentable and continues to be so.
Is it too much to expect that a four weekly ‘update’ is sent out on time? It appears so.
Peter Cornell
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nath
New Member
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Post by nath on Mar 6, 2024 16:53:12 GMT
You should have waited 5 more minutes. My email just arrived 😀
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duck
Member of DD Central
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Post by duck on Mar 6, 2024 17:18:36 GMT
You should have waited 5 more minutes. My email just arrived 😀 So has mine! That said chicken and egg ...... The complaint that I sent will still have to be answered since it raised issues above and beyond the late 'update' which of course says nothing substantive
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bugs4me
Member of DD Central
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Post by bugs4me on Mar 6, 2024 17:31:18 GMT
You should have waited 5 more minutes. My email just arrived 😀 So has mine! That said chicken and egg ...... The complaint that I sent will still have to be answered since it raised issues above and beyond the late 'update' which of course says nothing substantive Waiting for us all to pop off into the sunset and I bet with the amount of pressure you have applied duck you are probably close to the top of their wishlist - LOL. The FCA though do show how amatuerish some the the P2P platforms are/were in can kicking
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ilmoro
Member of DD Central
'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 Mar 6, 2024 17:32:31 GMT
You should have waited 5 more minutes. My email just arrived 😀 So has mine! That said chicken and egg ...... The complaint that I sent will still have to be answered since it raised issues above and beyond the late 'update' which of course says nothing substantive Got to be the faster response youve got from them
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duck
Member of DD Central
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Post by duck on Mar 6, 2024 18:04:33 GMT
So has mine! That said chicken and egg ...... The complaint that I sent will still have to be answered since it raised issues above and beyond the late 'update' which of course says nothing substantive Got to be the faster response youve got from them Complaint sent 16.40 Auto response to the complaint 16.41 update(s) 16.52 We know from previous complaints that these 'updates' are written in advance (remember where the 'track changes' were not 'accepted') and then sent out as a batch at the last possible moment. In one of my previous complaints on this subject I speculated that somebody had forgotten to hit the 'send' button at the set time, wonder if that happened today ......
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