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LCF

London Capital & Finance operated as Ponzi scheme, High Court rules

Your profession

London Capital & Finance operated as Ponzi scheme, High Court rules

Now failed LCF raised £237m from 11,600 retail investors

clock 15 November 2024 • 2 min read
PwC hit with £15m fine over London Capital & Finance failures

Regulation

PwC hit with £15m fine over London Capital & Finance failures

It is the first time the FCA has fined an audit firm

clock 16 August 2024 • 2 min read
Former London Capital & Finance director handed £31,800 fine

Regulation

Former London Capital & Finance director handed £31,800 fine

Floris Jakobus Huisamen ‘recklessly signed off hundreds of promotions’

clock 13 February 2024 • 1 min read
FCA censures London Capital & Finance over mini-bond promotion

Investment

FCA censures London Capital & Finance over mini-bond promotion

Regulator did not impose a financial penalty on the insolvent firm

clock 11 October 2023 • 2 min read
London Capital & Finance creditors could get back just 10%

Regulation

London Capital & Finance creditors could get back just 10%

Update from administrator Evelyn Partners paints worrying picture

clock 12 September 2023 • 1 min read
Former London Capital & Finance CEO receives ten month sentence

Regulation

Former London Capital & Finance CEO receives ten month sentence

Serious Fraud Office releases statement about Michael Thomson

clock 17 May 2023 • 1 min read
London Capital & Finance compensation scheme wound up

Investment

London Capital & Finance compensation scheme wound up

Almost all eligible bondholders have now received compensation

clock 03 November 2022 • 1 min read
FSCS to close LCF compensation scheme this month

Regulation

FSCS to close LCF compensation scheme this month

A total £115m has been paid out in compensation

clock 07 October 2022 • 2 min read
FSCS prepares to close LCF compensation scheme

Regulation

FSCS prepares to close LCF compensation scheme

Final date undisclosed

clock 09 August 2022 • 2 min read
FCA acknowledges harm caused by authorising firms 'not meeting standards'

Regulation

FCA acknowledges harm caused by authorising firms 'not meeting standards'

Admits LCF a 'learning process'

clock 09 December 2021 • 3 min read
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