We review Next Gen Solicitor’s bonds paying 8% over 12 months

Next Gen Solicitors logo

Next Gen Solicitors offers an unregulated investment in litigation financing paying interest of 8% per year for an investment of 12 months.

Unregulated third-party introducers promoting Next Gen Solicitors claim that its investment is "pandemic and recession proof" and "investor capital is 100% covered under the ATE [After The Event] Insurance policy".

Continue reading for a review of Next Gen Solicitors' loan note.

We review Diamonds4profit – anonymous diamond investment

Diamonds 4 Profit logo

Diamonds4profit sell diamonds as an investment, claiming to offer "lower risk vs higher yield balance".

The company is currently running ads on Facebook. Ads for the sale of commodities are effectively unregulated, as UK law treats them as selling shiny stones even when they are being sold as an investment. (The only relevant regulator is the Advertising Standards Authority, which is virtually toothless.)

Continue reading for a review of Diamonds4Profit's investment.

London Property Bonds (now LP Bonds plc) given strike-off notice, accounts overdue

A year and three months after it fell overdue with filing its November 2018 accounts, LP Binds plc (formerly London Property Bonds) has been issued with a strike-off notice by Companies House.

If the company continues to fail to meet its legal obligations and there are no objections, the company will be struck off the register and all its assets will be forfeited to the Government.

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Bentley Global issued with strike-off notice by Government, accounts overdue

Bentley Global logo

Bentley Global has been issued with a strike-off notice by Companies House after failing to file up to date annual accounts since May 2020.

Unless the company files its accounts, or a creditor or other third party successfully objects to the striking-off, Bentley Global will be removed from the register and all its assets will become legally property of the Government (though this can be reversed).

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We review Kenton Finance’s “accounts” paying 5.82 – 9.96% per year

Kenton Finance logo

Kenton Finance is currently offering two unregulated "accounts" (actually corporate loan notes):

  • Standard Account: 2 year investment paying 5.82% per year on a monthly basis
  • Silver Account: 3 year investment paying 9.96% per year on a quarterly basis

Investors' funds are used to supply bridging loans to property developers.

Continue reading for a review of Kenton Finance's investments.

Krono Partners update: management team member charged with securities fraud

Krono Partners logo

We last checked in with the Krono Partners administration a year ago. Krono Partners collapsed in March 2018 after raising money from investors supposedly for investment in distressed real estate and micro loans.

When Krono collapsed, almost all of the remaining money was dependent on a "Company Y" loan platform, which supposedly was going to raise funds for other projects and pay commission to Krono, in return for the money invested in it from Krono investors.

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Blind item: Which EIS scheme is fraudulently claiming Advance Assurance it hasn’t got?

A reader emailed me recently to allege that a certain "EIS" scheme was taking money from investors under the pretense of having Advance Assurance from HMRC, when in reality it had been told that it would not be EIS-eligible.

EIS is a tax relief scheme implemented by the Government to encourage wealthy and sophisticated investors to invest in high-risk early-stage companies. To be eligible for EIS relief, companies must not be too large (in terms of both money and number of employees), must use the money raised in a certain way, and the investment must genuinely be at risk.

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Bond Review targeted by fraudulent DMCA takedowns

Several Bond Review articles have been the subject of fraudulent DMCA takedowns recently.

The United States’ Digital Millennium Copyright Act allows the owners of copyrighted material to file takedown notices, asking Google or other web providers to remove the copyrighted material.

There is a way to abuse this process to trick Google into removing content from its web searches that you don’t want to be seen. This involves stealing the content from the owner, uploading it elsewhere, changing the date so that your stolen content appears to have been uploaded first, and then filing a takedown notice to Google, claiming that your stolen content is the original, and the real content is the copy.

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