2/2 “The trustees are sceptical, as I have said, about Mr Golding's claimed ill health. In my judgment, that scepticism is well understandable given that Mr Golding has a proven background as a fraudster and he has failed over an extended period to provide very much in the way of medical evidence to support his claimed ill health” - bailii.org/ew/cases/EWHC/Ch/…

1/ #LCF mini-bond ponzi fraud: Judge rules to freeze honcho Spencer Golding’s discharge from personal bankruptcy for non-compliance with bankruptcy trustees - the judgement is quite a read. “suspension of discharge of the bankruptcy in the form primarily sought by the trustees is required both for public protection and in order that Mr Golding continues to be subject to the disabilities associated with bankruptcy. A suspension is necessary to enable the trustees to get on and do their job and try to obtain some recompense for Mr Golding's many victims.”

1/ The Times: ‘loan notes could be new #LCF-style mini-bonds scandal’ - should have been - ‘why didn’t the regulator (#FCA) ban the the mass-marketing of unregulated speculative loan notes as well as mini-bonds in 2019/20’ Both unregulated speculative mini-bonds & loan notes are in substance ‘utilised’ identically by the same class of issuers/peddlers and also defined by the regulator (#FCA) as the same class of ‘product’ - unregulated SIS (speculative illiquid securities). The case of the #LCF mini-bond Ponzi scandal was even more egregious as the regulator had for some unknown reason authorised #LCF which only sold the now infamous unregulated #LCF Ponzi mini-bonds. It was as Dame Gloster branded it, a ‘halo effect’, confusing punters in to believing that there was the security of #FCA regulation over the product they had been lured in by the ‘FCA authorised sticker’ to buy.

1/4 #LCF mini-bond scandal: #LCF front man ‘Andy Thomson’ jailed for 6 months after admitting recklessly breaching the #SFO’s asset freeze order; wife ‘Debbie Thomson’ separately received a 6 months suspended sentence. ‘Andy Thomson’ was previously handed a 10-month suspended sentence in May 2023 for also breaching the asset freeze order by sending £95k to his wife to conceal funds from investigators. The #SFO first obtained its asset-freeze order against ‘Andy Thomson’ in March 2019 as part of its ongoing investigation into the alleged fraud, with the aim of protecting any assets which could be used to compensate victims.

4/4 When #LCF imploded in 2019, it was the start of a long fight for the #LCF victims group to get compensation for victims & now justice.

3/ In witness statements to the High Court, ‘Jeremy Friedlander’ said that he had been introduced to #LCF crew-mate ‘Simon Hume-Kendall’ & #LCF major borrower #LOG back in 2016 and acted as a consultant to #LOG and consultant &/or director to other #LCF borrower linked companies incl. those linked to the infamous #Lakeview Country Club ‘respins’.

1/ #LCF mini-bond Ponzi: #BussMurton law-firm partner ‘Alex Lee’ fined £30k (+£50k costs) over role as director of ‘bond trustee’ setup to purportedly protect the interest of #LCF bondholders, despite the "obvious" conflict of interest [his client was #LCF & it’s front-man ‘Andy Thompson’] When acting for #LCF, ‘Andy Thomson’ was Alex Lee’s main point of contact and the solicitor knew that ‘Andy Thomson’ had some form of "residual interest" in #LCF borrowers. Reportedly: ● ‘Alex Lee’ took on the job of director of Global Security Trustees Ltd. (#GST) at the end of March 2018 - a position that required him to act as security trustee protecting the interests of #LCF’s bondholders. This was despite the fact that he was said to have had a longstanding and continuing professional relationship with #LCF; ● The #SDT said that a number of significant "red flags" arose during the months that followed Alex Lee's appointment, including a £30m loan that #LCF had made to London Oil and Gas Ltd. (#LOG), which turned out to be the largest borrower in the fraudulent scheme. But ‘Alex Lee’ continued to act for the company; ● "The tribunal considered that the prolonged continuation of Alex Lee's dual roles, including during periods when concerns arose regarding security assets and regulatory intervention damaged public confidence," the judgment says; ● "The fact that a solicitor remained embedded in a conflicted position as matters deteriorated increased the harm caused to the reputation of the profession. Further, the harm caused was wholly foreseeable"; ● The #SDT ruled that ‘Alex Lee’ had acted with a lack of integrity and caused harm to the reputation of the profession.

#LCF minibond scandal: #LCF crew-mate & now former solicitor ‘Robert Sedgwick’ ‘struck off’ by Solicitors Disciplinary Tribunal (#SDT).