Bankruptcy for claims firm targeting tax avoidance investments

Crowdfund investors set to lose £800k

Laura Miller
clock • 1 min read

One of the UK's largest claims management firms, which helped investors who had been mis-sold tax avoidance investment schemes, has collapsed.

Rebus was believed to have been managing 1,700 claims against scheme promoters and accountants, worth a total of more than £930m. Those who paid Rebus upfront fees to investigate mis-selling claims are set to lose their money. Crowdfunding investors will also lose out because of the collapse - Rebus raised more than £800,000 through Crowdcube in 2015, promising a ten times return on investment in three years. More than 100 individuals stand to lose the crowdfunding investments they made of between £5,000 and £135,000.  The company appointed administrators earlier this week. ...

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