Secret Commission claim fails | P2P Independent Forum

Mousey
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Secret Commission claim fails Nov 5, 2022 15:36:33 GMT 11025, r1200gs, and 1 more like this

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Post by Mousey on Nov 5, 2022 15:36:33 GMT

Following a trial last week, the County Court has granted the failed Peer-to-Peer lender FundingSecure possession of an East London flat, and a money judgment of some £200k, after rejecting a borrowers claim that their mortgage broker had been bribed with a so-called secret commission.

“In this wicked capitalist world, no one does anything for free” said the judge.

For a link to a link to my write-up go here.

I run "the investigative court reporting blog, Mouse in The Court". Read my work on P2P here: tinyurl.com/43n6swpt

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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Secret Commission claim fails Nov 5, 2022 19:10:22 GMT via mobile 11025, ozboy, and 3 more like this

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Post by ilmoro on Nov 5, 2022 19:10:22 GMT

Nigel said he didn't know the difference between an equitable & legal charge ... explains a lot

Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG

PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. I have no links to any platform nor am I a financial professional so posts should not be considered financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.

Ace
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Secret Commission claim fails Nov 5, 2022 19:32:04 GMT 11025, ozboy, and 2 more like this

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Post by Ace on Nov 5, 2022 19:32:04 GMT

Nov 5, 2022 19:10:22 GMT ilmoro said:

Nigel said he didn't know the difference between an equitable & legal charge ... explains a lot

Yes, that was a standout comment for me too. Just goes to show what a thorough job the FCA do.

I'm an equity investor in AxiaFunder and a minor equity investor in Brickowner, Crowdstacker, Proplend, ABLrate, CrowdProperty, Assetz Capital, Elfin Market, Qardus, Loanpad, Shojin & CapitalRise (and regrettably Fund Ourselves). This time next year I'll be a miwionaire Rodders!