The targeting of London Capital & Finance (LCF) victims by fraudsters has been relentless over the last couple of years.
The Financial Services Compensation Scheme (FSCS) has been forced to write to bondholders again warning them about communication being sent by scammers.
This is the third time International Adviser has reported on such attempts, the first one in February 2020, and then in January 2022.
The lifeboat scheme told bondholders it is aware of two companies, called LC Holdings and Capital Finance, that are claiming to be “able to get compensation for the full amount” of their LCF investments.
The FSCS warned bondholders that both firms are run by scammers, and that they should be cautious as “there may well be others”.
It has reiterated that victims should “be very wary of any emails, letters or calls claiming to be from LCF or someone else offering to hep you get access to compensation”.
As of 14 April 2022, the lifeboat scheme paid compensation for 12,330 bonds under the government scheme totalling over £114m ($150m, €136m), and it had 88 bonds that were pending redress.
The sum doesn’t include payments from the FSCS itself or LCF administrators, which in March 2022 totalled £58.3m and £5.4m, respectively.
