Category: LM Managed Performance Fund
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EXCLUSIVE – SNIPERS IN CAMBODIA TARGETING EXPATS
BUT THERE’S NO CAMOUFLAGING WHAT THEY’RE UP TO Former promoters of the crashed Australian based LM Managed Performance Fund have banded together with former boiler room ‘loaders’ and unscrupulous independent financial advisers in South East Asia. And the former LM executives, who helped take nearly £400 million from victims of the LM/MPF Ponzi, have a…
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NEWSPAPER’S FINANCIAL GURU INDICTED BY THAI SECURITIES EXCHANGE COMMISSION
BANGKOK POST COLUMNIST ANDREW WOOD AND EIGHT OTHERS WERE ‘TRADING ILLEGALLY’ The personal financial guru of the Bangkok Post has been indicted by the Thai Securities Exchange Commission along with eight other ‘financial advisors’ for operating securities businesses without licences. Andrew Wood, who was afforded a regular financial column in the Bangkok Post’s Spectrum section…
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LM BOSS GIVEN NEW YEAR DEADLINE –
LM boss Peter Drake has lost control of all his assets to a bankruptcy trustee, the Brisbane Courier-Mail reports and has been forced to hand his passport in to a Brisbane Court. The newspaper reported Thursday that Federal Court judge Michael Wigney yesterday ordered Mr Drake to reveal every piece of property, share portfolio and…
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THE LM FUND – DING DONG MERRILY ON HIGH – NOW WE GET IT
PASSING OFF A DUD CHEQUE FOR US$100 WILL GET YOU SERIOUS JAIL TIME IN THAILAND – ITS MUCH SAFER TO BE AN IFA Scoring a second hit in two days the unstoppable Lindell Lucy of ‘TheRapeofHongKong’ has come up with some more news for investors in the LM Managed Performance Fund who have lost their…
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YORKSHIRE MYSTERY OIL AND GAS MAGNATE FROM CHIANG MAI – UNCOVERED
IMPOVERISHED NORTHERN TOWNIES SPOT RED PORSCHE. Has the impoverished village of Nelson, Lancashire, secretly discovered oil and gas? This could be great for a town which Wikipedia says has some of the lowest house prices in the UK, and which was abandoned by the retailers, Tesco Metro, Ethel Austin, Bonmarche, B & M, Iceland, Poundstretcher,…
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FUND SALESMAN WHO SAID LM WAS ‘HIGHLY REGULATED’ DOES A BELATED ABOUT TURN
‘IT WAS A CLUMSY USE OF WORDS’ People who invested in the LM Managed Performance Fund thought their investments was as ‘safe as houses’. But LM invested the cash in property and the property crashed. Many also could forgiven for thinking that investing in LM was as safe as investing in a private bank because…
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LM – The crash! And now out come the words, scumbags, tossers and shysters!
‘You’ve got blood on your hands’ After trying for four years to get his clients cash out of LM Tokyo based financial adviser Martin Terpilowski watched in horror, but not surprise, as the funds crashed and went into receivership. But the bitterest pill to swallow was being told by LM salesman Martin Vernier:’For once in…
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HOW THE MEDIA UNKNOWINGLY COLLUDED WITH LM
THIS IS WHAT YOUR IFA WAS TOLD! With thanks to COVERFOTO /Bennett Independent Financial advisers selling the LM Managed Performance Fund were sent glowing references to how well the fund was doing when it was just months away from collapse. Peter Drake the LM supremo sent them press cuttings showing how people were being paid…
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ABOUT TURN? ROYAL LONDON 360 FINDS NO PROBLEM WITH LM!
But this gobbledygook of evasion or rather fundspeak says it all. Here we go again as another fund provider is tackled by whistleblowing financial adviser Martin Terpilowski – this time its Royal London 360. Readers might at this stage wonder what language is spoken in the world of finance. I think its call evasion, others…
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‘WHAT CHANCE DO HONEST PEOPLE HAVE?” – HOW FUND PROVIDERS TURNED A BLIND EYE IN LM SCAM
“THIS IS A DODGE – I SWEAR ON MY LIFE” Fund providers such as Royal Skandia and Friends Provident turned a blind eye to warnings over the dodgy LM Managed Performance Fund despite repeated emails from whistle-blower financial man Martyn Terpilowski – then based in Tokyo. The fund managers attitude to the well being of…