From £7.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £7.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Wellesley Finance – finally admits it is bust: 4 kills out of 4 for the Sheriff of mini-bonds, more disgrace for FCA

By Tom Winnifrith | Friday 25 September 2020


 


I have been warning about Wellesley Finance Plc since Sunday 17 February 2019.  It was the third in a series of articles I wrote about mini-bond lenders in early 2019, starting with London and Capital Finance Plc, then Blackmore Bond Plc, and finally Bassett & Gold Plc with the other three now all in administration with substantial losses of investors capital. Now it’s 4 from 4 – ouzo at the Sheriff of mini-bonds towers! And, again, the FCA has fecked it up when it comes to ignoring clear warnings and its basic job of protecting investors.

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:


Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

PDL

Petra Diamonds Remains a Short

 

Boom

Failed fund manager for PM!

 

Oil-Rig

Oilman Jim: is this legal?

 

Bear

Video: All Roads Lead to Inflation

 

TLY

Why is Totally not a Total zero?

Saturday »

China Flag

Disgraced fund manager goes bullish on China

 

VCP

Victoria: a reader writes

 

Gold

Sprott bullish on gold

 

SOS

Sosandar: when is the warning?

 

SCGL

Evil Banksta: TW schoolboy error

 

ARB

Worthless Argo what news Helios?

Sunday »

Bearcast

Tom Winnifrith Bearcast: macrobabble calls

Time left: 22:27:50