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Independent Financial Advisers – Bond Providers in LM Scandal to be sued.

In LM Managed Performance Fund, Uncategorised by Andrew Drummond

Expats in Hong Kong are now suing local independent financial advisers, pension fund trustees, and life insurance companies who promoted the LM Managed Performance Fund, and some expats in Thailand have also begun the same process. A report today in the South China Morning Post by Benjamin Robertson, who has also linked up to ‘whistleblower’ financial adviser Martin Terpilowski, describes …

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LIES, LIES AND MORE LIES – HOW LM PLAYED FOR TIME

In LM Managed Performance Fund, Martyn Terpilowski, Peter Drake, Uncategorised by Andrew Drummond

AN EXCRUCIATING EMAIL EXCHANGE BETWEEN LM AND A FINANCIAL  ADVISER If there can be any doubt that directors of the company and salesmen of the product were lying their heads off then the following long series of emails from an adviser trying to get his clients’ money back will put an end to them. Martyn Terpilowski had succeeded in getting …

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LM FUND CLIENT WAS ABLE TO REDEEM HIS INVESTMENT – BUT HE WAS A BANKER

In LM Managed Performance Fund, Martin Terpilowski, Uncategorised by Andrew Drummond

KICKING THE LM CAN DOWN THE ROAD! Heather McLeish A client was able to redeem a large investment from LM but it still took two years and he had a senior position at a well known investment bank and there were threats to sue. In continuing revelations by Martin Terpilowski, whose client it was, replies from senior executives at LM, …

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LM MANAGED PERFORMANCE FUND WAS FOR ‘SOPHISTICATED INVESTORS ONLY’

In LM Managed Performance Fund, Martin Terpilowski, Peter Drake, Uncategorised by Andrew Drummond

The LM Managed Performance Fund was for ‘sophisticated investors only’.  This may come as a surprise to clients whose money was put in property in Australia just before the crash time in a boom and crash market. In continuing revelations Martin Terpilowksi, who had high end clients in the fund, concludes that independent financial advisers knew that LM was a …

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How LM Locked In Its Clients

In LM Managed Performance Fund, Peter Drake, Uncategorised by Andrew Drummond

Be careful out there and see how Thailand regulates these advisers The Australian authorities cannot seem to find anything criminal about it. But in 2011 Peter Drake started locking in clients money to his funds for up to five years. This was two years one fund had already gone belly up and punters were unable to get their money back. …

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CONVERSATIONS WITH A FUND MANAGER PART I – TO LIE FOR THE ‘GREATER GOOD’

In LM Managed Performance Fund, Martyn Terpilowski, Peter Drake, Uncategorised by Andrew Drummond

Today in conjunction with Lindell Lucy’s excellent website ‘Rape of Hong Kong’ which is dedicated to exposing fraudsters in the financial industry we start publishing the email correspondence between Martyn Terpilowski, and Peter Drake, who headed up the disastrous LM Funds which were nurtured in Australia and sold to unwitting expats throughout the Middle East and South East Asia. Martyn …

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BRIT SENIOR CITIZENS IN PERIL AS WIDESPREAD VICTIMS TO PROPERTY SCAMS AND FINANCIAL CHICANERY

In LM Managed Performance Fund, TPME, Uncategorised by Andrew Drummond

Foreign pensioners in Thailand, many of them hapless Brits, face a bleak future, and may have to go back home and throw themselves on the mercy of the state, after finding their live savings have gone, gobbled up in the main by sharks in the financial and property business. Many of them have fallen victim to the failed Australian LM …