Lendy investors raising funds to dispute ‘recovery waterfall’ #Lendy #LendyActionGroup #RSM #peertopeerlending p2pfinancenews.co.uk/2020/01/30/len…

#Lendy loan DFFL05. Lendy sold loans on a property they valued at £16mil. They took £2mil repayment and released the freehold. They took the £2mil in fees for themselves and left £7mil owed to lenders on a valueless leasehold. All during full Financial Conduct Authority approval. #fraud

@retheauditors Prem Sikka #P2P Loan platform #Lendy investors #crowdfund legal challenge to administrators

Lendy Action Group continues to raise funds to assist with legal action. We've raised over 40k in less than a week but still need your help! Help us fight the cause for investors by contributing here: bit.ly/31afaYx #lendy #p2p #fca #business

Financial Conduct Authority rules require that P2P investors’ money is ring fenced so money can’t be used to pay creditors and insolvency costs. The administrator thinks otherwise! Consumers invested in Lendy believing their money would be ring fenced in the event of failure.

p2pvoice Lendy Action Group Financial Conduct Authority Lendy investors are slowly coming to realise it was a bad-faith lending fraud. Once they've binned conflicted, collusive S&W administrators they should focus on demonstrating links between borrowers, lenders, valuers and solicitors and extent of regulator's knowledge of the scam

Exactly Mark, watching from the sidelines was like multiple flashbacks of the same car crash, Andrew Bailey controlling the traffic. Known names cropping up everywhere, investors were lambs to the slaughter.

Liam Brooke is one of the Lendy directors responsible for the fraud. Yet Financial Conduct Authority does nothing. Not only are the valuations fraudulent, he adjusted the terms and conditions retrospectively and stands to collect up to half of all the money recovered in "late fees".

Lendy Action Group raises over £50,000 for legal fund #administrators #legalfund Lendy Action Group p2pfinancenews.co.uk/2020/02/11/len…

1. Victims of financial scandals & representatives of whistleblowers demand a say on who is appointed to lead Financial Conduct Authority. Representatives in London Capital & Finance, Lendy and Connaught were joined by Whistleblowers UK in a joint letter to Rishi Sunak. thetimes.co.uk/article/scanda…

Representatives of investors in London Capital & Finance, Lendy and Connaught have teamed up with Whistleblowers UK to write a joint letter to chancellor Rishi Sunak, calling for a say in who is appointed to succeed outgoing Financial Conduct Authority chief Andrew Bailey.

Exc: Victims of investment scandals and representatives of whistleblowers demand an audience with HM Treasury (ideally Rishi Sunak) so they can give their views on who should replace Andrew Bailey as boss of the City regulator thetimes.co.uk/article/scanda…

@True_and_FairUK Gina Miller James Hurley Prevention is better than remedy! stop the financial crime at its core rather than dealing with the catastrophic impact on the public (#LCF ). Create monitoring systems who cares about people rather than subscription collection bodies @thefca

My demand for review of Bailey as Bank of England Governor theguardian.com/business/2020/… Report/dossier of evidence backing up our call at Trueandfaircampaign.com - not comprehensive eg #HSBCFraud but enough to prompt call for review before coronation of Mr Bailey. @True_and_FairUK

Andrew Bailey’s tenure as CEO of Financial Conduct Authority is described as “A toxic cocktail of negligence, incompetence and indifference to the needs of ordinary depositors, investors and pensioners”. nytimes.com/reuters/2020/0…

The integrity & competency of the Governor of Bank of England should be above party politics. Delighted to have the support of Kevin Hollinrake MP Vince Cable Richard Tice MP 🇬🇧 John McDonnell who referenced our @True_and_FairUK report in UK House of Commons today youtu.be/mk_K1SH1rrw

Lendy Action Group close to meeting fundraising target #Lendy #LendyActionGroup #RSM #peertopeerlending #investing p2pfinancenews.co.uk/2020/02/26/len…

Lendy administration extended by three years #business #finance #P2P #lendy #lending Lendy Action Group p2pfinancenews.co.uk/2020/04/15/len…