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 […]
Category: Peter Drake
THE LM FIASCO – ASIC BEARS ITS GUMS
CAREER OPPORTUNITIES IN FUND MANAGEMENT. The Australian Securities and Investment Commission has at last started to take proceedings against LM Investment Management which has taken […]
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 – 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 […]
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 […]
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 […]
LIES, LIES AND MORE LIES – HOW LM PLAYED FOR TIME
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 […]
LM MANAGED PERFORMANCE FUND WAS FOR ‘SOPHISTICATED INVESTORS ONLY’
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 […]
LM – PONZI! PONZI! PONZI? – BUT AUSSIE REGULATORS DID NOTHING
WHAT WATCHDOG? Were alarm bells ringing about LM? Did the Australian regulators hear them? Were they told? Apparently yes. More revelations today in correspondence with […]
How LM Locked In Its Clients
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 […]
LM IS ‘NEVER HAVING TO SAY YOU’RE SORRY
LM BOSS – ‘FED UP WITH THE IGNORANCE’ LM boss Peter Drake says he has decided to remove the internet blog he set up to justify […]
CONVERSATIONS WITH A FUND MANAGER PART I – TO LIE FOR THE ‘GREATER GOOD’
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 […]
EVERY VICTIM OF THE LM FUND SCAM SHOULD READ THIS
‘THE GROWTH WAS FUELLED BY THE GREED OF THE ADVISERS’ – IFA Martin Terpilowski to the South China Morning Post If you think your financial […]
AUSSIE SCANDAL HIT FUND MANAGER BREAKS HIS SILENCE TO THREATEN ‘FAT ENGLISHMAN’
THE CHARMED LIFE OF AUSSIE FUND MANAGERS News today for the South East Asian victims of the great LM financial fund Ponzi scam. This scam […]