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 Sept 4, 2021 13:38:14 GMT
Hopefully, and undoubtedly, yes. HMRC has the deep legal pockets and tenacity to pursue this relentlessly and ensure justice. Several P2P Platform Directors and Borrowers need to be successfully prosecuted and serve long jail sentences, it's the only thing that will ever clean up P2P. Forget the ineffective, completely self serving and grossly incompetent FCA. I doubt HMRC are doing anything. There is no liability for receiving a loan and RSM are arguing the case on whether any liability otherwise arises for them in court. If that case is won then the personal liability of the directors will be clear & HMRC just has to collect and prosecute at their leisure. The corporate liability will also be established and RSM will pay any dividend due. Easy money
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qlassa
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Post by qlassa on Sept 4, 2021 21:53:47 GMT
Great video and good insight.. Thanks.
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quidco
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Post by quidco on Sept 5, 2021 8:25:14 GMT
Paying someone vast amounts to do search engine optimisation for your website seems bogus.
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69m
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Post by 69m on Sept 5, 2021 15:38:21 GMT
Liam Brooke and Tim Gordon are / were (?) the only shareholders and directors of Victory Malta Limited. Presumably the administrators are satisfied that similar payments from Lendy weren't routed through that company as well? Also, if anybody wants to see where some of the Marshall Island money allegedly ended up, it seems that you can pay to stay with Tim and S*** at (redacted).
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agent69
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Post by agent69 on Sept 5, 2021 16:29:26 GMT
Liam Brooke and Tim Gordon are / were (?) the only shareholders and directors of Victory Malta Limited. Presumably the administrators are satisfied that similar payments from Lendy weren't routed through that company as well? Also, if anybody wants to see where some of the Marshall Island money allegedly ended up, it seems that you can pay to stay with Tim and S*** at (redacted) .Accommodation with a kettle for £400 a night. That's not going tp pay the legal fees.
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cwah
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Post by cwah on Sept 6, 2021 8:13:29 GMT
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ptr120
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Post by ptr120 on Sept 6, 2021 9:26:37 GMT
I work for an international company operating in most major markets except North America. We don't spend that much on SEO globally.
I would suggest that most investors in the platform became aware of the platform through coverage on this site, including banner ads, or banner ads on other sites like p2p Finance News, or marketing towards HNWI (Which isn't typically via SEO). So I simply don't buy the proposition that this was a major source of investors in the platform, or that the sum in question was legitimately spent on SEO.
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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
Posts: 10,846
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Post by ilmoro on Sept 6, 2021 12:22:08 GMT
Its all smoke & mirrors - they are basically claiming that anyone who came to the platform via Organic Search, Referral, Social or Direct means can be attributed to the work of the mystery man and/or the offshore companies.
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jhamster
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Post by jhamster on Sept 8, 2021 14:50:45 GMT
I work for an international company operating in most major markets except North America. We don't spend that much on SEO globally. I would suggest that most investors in the platform became aware of the platform through coverage on this site, including banner ads, or banner ads on other sites like p2p Finance News, or marketing towards HNWI (Which isn't typically via SEO). So I simply don't buy the proposition that this was a major source of investors in the platform, or that the sum in question was legitimately spent on SEO. I originally clicked on their facebook ad.
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ptr120
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Post by ptr120 on Sept 8, 2021 15:26:47 GMT
Interesting to know that they used Facebook advertising as I hadn't previously seen that. Facebook ad library would easily give us an indication of how extensively they used this type of advertising, but of course since their official Facebook page is no more, that information is gone. However, knowing the FB algorithm as I do, I don't think that it would have been a particularly expensive ad campaign - particularly back then.
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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
Posts: 10,846
Likes: 11,075
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Post by ilmoro on Sept 8, 2021 15:34:37 GMT
I work for an international company operating in most major markets except North America. We don't spend that much on SEO globally. I would suggest that most investors in the platform became aware of the platform through coverage on this site, including banner ads, or banner ads on other sites like p2p Finance News, or marketing towards HNWI (Which isn't typically via SEO). So I simply don't buy the proposition that this was a major source of investors in the platform, or that the sum in question was legitimately spent on SEO. I originally clicked on their facebook ad. Ah its you, you are the elusive person, the evidence that Swiss actually brought someone to the platform - assuming that 'social' doesnt mean drinks on his lakeside terrace/ski chalet hottub
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jhamster
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Post by jhamster on Sept 8, 2021 16:46:58 GMT
Interesting to know that they used Facebook advertising as I hadn't previously seen that. Facebook ad library would easily give us an indication of how extensively they used this type of advertising, but of course since their official Facebook page is no more, that information is gone. However, knowing the FB algorithm as I do, I don't think that it would have been a particularly expensive ad campaign - particularly back then. It was run from their facebook account: www.facebook.com/lendyp2pThey deleted it upon administration, and all internet archive backups (like waybackmachine) have since been removed too. I doubt it was the administrators. It's just a matter of submitting a DMCRA notice to the web archives and POOF it's all gone. iphqs.com/dmca-takedown-notice-generator/
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Post by rooster on Sept 8, 2021 17:36:57 GMT
Hopefully, and undoubtedly, yes. HMRC has the deep legal pockets and tenacity to pursue this relentlessly and ensure justice. Several P2P Platform Directors and Borrowers need to be successfully prosecuted and serve long jail sentences, it's the only thing that will ever clean up P2P. Forget the ineffective, completely self serving and grossly incompetent FCA. I doubt HMRC are doing anything. There is no liability for receiving a loan and RSM are arguing the case on whether any liability otherwise arises for them in court. If that case is won then the personal liability of the directors will be clear & HMRC just has to collect and prosecute at their leisure. The corporate liability will also be established and RSM will pay any dividend due. Easy money Where's the fun in that?! I doubt I'm the only one who prays each day for the director(s) to personally pay for the harm they've caused the many victims of their scam.
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Post by wotnot on Sept 12, 2021 5:03:09 GMT
AS seems very much active in the UK.
He has got numerous appointments listed by Companies House (some active, some not). Gives his country of residence as France. (Potentially Clara, midway between Perpignan and Andorra?) but his business interests are primarily in the UK.
The companies are mainly concentrated in Chepstow. This is a physical presence not just a correspondence address. Two of the companies used to have nameplates to the left of the door. The building appears to be owned by a company whose ultimate beneficial owner is AS, which owns and has recently redeveloped a former industrial riverside site in the immediately vicinity.
He may have links to Axiom Legal Financing Fund collapse via Portland Financial Management SA. I understand that Portland Financial Management (UK) Ltd was investigated by the FCA in relation to London Property Holdings unregulated property bond scheme. Further I understand that there was an FSCS payout of £14m in relation to that scheme, as reported in April 2019, on behalf of several companies of which AS was a director.
I note that the defence statement filed 25/11/20 states that AS is/was a Swiss national (second page, para 4). My interpretation would be that this refers to the time period when he was LB's manager i.e. approx September 2010 - September 2011. His nationality as per Companies House documentation is not consistent with this and is given as English or British every time. Certificate of Incorporation for one of the companies, for instance, dated midway through this period on 23/03/11 gives his Nationality as British. Another publicly-available company administration document dated 21/04/09 gives his usual residence as an address in London.
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shimself
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Post by shimself on Sept 14, 2021 11:39:29 GMT
AS seems very much active in the UK.
He has got numerous appointments listed by Companies House (some active, some not). Gives his country of residence as France. (Potentially Clara, midway between Perpignan and Andorra?) but his business interests are primarily in the UK.........
I note that the defence statement filed 25/11/20 states that AS is/was a Swiss national (second page, para 4). My interpretation would be that this refers to the time period when he was LB's manager i.e. approx September 2010 - September 2011. His nationality as per Companies House documentation is not consistent with this and is given as English or British every time. Certificate of Incorporation for one of the companies, for instance, dated midway through this period on 23/03/11 gives his Nationality as British. Another publicly-available company administration document dated 21/04/09 gives his usual residence as an address in London.
Wouldn't it be nice if Companies House did identity checks, like those we all suffer
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