The Financial Services Compensation Scheme (FSCS) has named two companies suspected of trying to scam London, Capital & Finance (LCF) investors.
In an update yesterday (April 28), the FSCS warned many LCF bondholders were still being approached by scammers.
It said: “Fraudsters using the company names LC Holdings and Capital Finance are claiming to be able to get compensation for the full amount of your LCF investment. Both are scams, and there may well be others.”
It warned investors to be “very wary” of any emails, letters or calls claiming to be from LCF or someone else offering to help them get access to compensation.
The FSCS said it has a policy of naming troublesome companies where it is shown evidence of this by bondholders.
A spokesperson for the lifeboat scheme said: “In this case we have been contacted by bondholders who have been targeted and told that they can get back the remaining investment that hasn’t been compensated for under the government scheme – and then been asked to hand over money to the scammers.”
They added: “LCF bondholders are often proactive in coming to FSCS with any issues. We signpost anyone who comes to us to the relevant authorities to report scams (e.g. Action Fraud) but we also do our best to keep our website and subscribers to the LCF page up to date, so if other bondholders are targeted by the same scammers they can hopefully be made aware that it’s a scam.”
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Earlier this month, the FSCS said…
