Earlier this week Safe Or Scam published an article about Peter Murray of Insolvency and Law Ltd. We are giving an abbreviated version of the article, but the full article is available for those who click the “I CONFIRM” button on the box which pops up on this – LINK TO SAFE OR SCAM ARTICLE.
The allegations are that Peter Murray:
- has in the past been convicted of serious crimes involving theft, robbery, and fire-arms offences; and
2. is running an unregulated claims management company targeting investors with promises of recovery which is in breach of FCA regulations; and
3. has been entering into contracts with investors which are unlawful and which makes them unenforceable; and
4. charges investors very high upfront fees which are in excess of what most SRA-regulated law firms which offer no-win no-fee deals would charge; and
5. has no professional qualifications in either insolvency or law; and
6. employs no professional insolvency practitioners or SRA-regulated solicitors in his company; and
7. makes claims that Insolvency and Law is an “award-winning company” yet the awards promoted on his websites are sham awards which anyone can obtain in payment of a fee to the company which issues those awards. This award company (Finance Monthly) was part of a group of dodgy magazines owned by two brothers who specialised in fabricating fake awards. The writer of this blog article fancied being named “Best Blog Article Writer 2023” but sadly the fake award company has closed down. One person received notification of an award issued by another magazine in the scam group. The notification took the form of an unsolicited email “I am delighted to inform you that you have been selected for a Lawyer Monthly – Women in Law 2017 Award in recognition of your outstanding legal expertise and contribution within the practice area of Employment Law“. Only one problem. The person granted this prestigious award was a man. Insolvency and Law claim to have won three awards from the magazine group. These were the “FINANCE MONTHLY LAW AWARDS” for 2016, 2017 and 2018 (see below extracted from the I&L website.
This is remarkable considering that Insolvency and Law is not a law firm, has never employed any lawyers and is not authorised to give legal advice; and
8. charges an upfront fee for taking assignments of claims and charges variable rates ranging from 10%+vat to 40%+vat for debt recovery actions and also charges his “costs” on top; and
9. demands what Safe Or Scam describes as “protection money” from companies, but which Peter Murray describes as “monitoring fees” which, if paid, will protect the company from Insolvency and Law filing winding up petitions. At one point he was demanding £60,000+vat per month from the company he was targeting; and
10. has written that he has had a decade long ‘arrangement’ with Andrew Rosler of Ideal Corporate Solutions. Safe Or Scam has written to Andrew Rosler to explain this unofficial business arrangement; and
11. has persuaded more than 60 High Street Group investors to part with high upfront fees for a recovery action which has little chance of success.
Peter Murray has a relationship with journalists whose due diligence is not as sound as it should be and they write what they are fed by him. One such promotional article appeared in the Times. There appears to have been little to no fact-checking before publication. Here is a LINK TO THE TIMES ARTICLE, but you will need to pay for a subscription to be able to view it (sorry, but we can’t pay for you).
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