Bondreview.co.uk to be maintained by Safe or Scam

When I said farewell two months ago, my initial plan was to maintain the blog in a frozen state for a year, after which it would disappear off the air. I have since had an offer from Safe or Scam to take over the domain and website, and have accepted. The transfer will take effect … Continue reading Bondreview.co.uk to be maintained by Safe or Scam

Comments now closed

Slightly later than initially announced in my last post "Goodbye", all articles have now been closed to comments. I can continue to be contacted via the Contact link at the top of each page or via Twitter. Thanks to all readers for their contributions.

Goodbye

Regular readers will probably have noticed that the output of Bond Review has continued to drop recently. In the first year of Bond Review I reviewed over 60 investment schemes that were being promoted to the public; in the past 12 months I've reviewed a third of that number. Although there are still far too … Continue reading Goodbye

Astute Capital hit by FCA warning, still being promoted on Facebook

Astute Capital logo

The Financial Conduct Authority has posted a warning about Astute Capital, whose bonds were reviewed here in March 2019. A search for Astute Capital on the FCA register now brings up:

This is an unauthorised firm that may be providing financial services or products in the UK without our permission. If you deal with unauthorised firms you will have less protection if things go wrong.

Continue reading...

Is it time for a “ScamSmart” leaflet for first-time investors?

With the taxpayer still reeling from the £170m+ bill that has fallen on them from the London Capital and Finance scandal, is it time to start issuing a "ScamSmart" leaflet to first-time investors who've just come into large lump sums?

During the last wave of "pension liberation" scams in the early 2010s, hundreds of millions of pounds were lost by investors who transferred their pensions to fraudsters who promised fabulous returns and "loopholes" that would allow the investor to release their money earlier and in larger quantities than the rules allowed.

Although pension fraud remains rife, the scale of the problem was dampened by in a number of ways:

Continue reading...

Krono Partners update: nothing to update

Krono Partners logo

The administrators of Krono Partners, Smith & Williamson, have filed their latest six-monthly update.

The preceding twelve months brought the revelation that a significant Krono player, Ulrik Debo, had been charged with securities fraud in the USA.

Criminal proceedings by the Securities and Exchange Commission are ongoing.

There is however no update on returns from the "Company Y" loan platform, on which the administrators are pinning their hopes of recoveries.

Continue reading...

Blackmore Global under investigation by Isle of Man regulators

Blackmore logo 2019

Blackmore Global, the sister investment scheme to the UK minibond that collapsed with £46 million of potential losses, is being investigated for potentially running an illegal collective investment scheme.

Blackmore Global was established a few years before Blackmore Bonds. It is, on the surface, an unregulated investment scheme consisting of a closed-ended company registered in the Isle of Man.

The BBC revealed in 2018 that a number of UK pension investors had been missold in transferring their pension funds into Blackmore Global, an inherently high risk unregulated investment. The linked article has been suppressed by Google - along with its BBC source - due to legal action by Blackmore.

Continue reading...