Accumulate Capital follows Signature playbook, threatens legal action, claims 8 x 3 is not 24

Accumulate Capital is run by an ex-alumni of Signature Capital, Paul Howells, who formerly described himself as a "Partner" at Signature. Its corporate entity was originally incorporated as EQT Capital Limited by Sarah Schofield, a director of two Signature companies. Signature Capital collapsed into administration in April.

Let's be very clear - the fact that both Accumulate's once and current owner were ex-Signature alumni does not mean that Accumulate is the same company as Signature.

One thing Accumulate and Signature do share however (apart from ex-Signature staff) is a predilection for pointless legal threats, while withholding information from their own lawyers.

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“Scam” introducer at the heart of Mirror investigation promoting High Street Group

Last week the Mirror's Andrew Penman investigated one of the introducers flooding Google Ads with high-risk unregulated investments targeted at savers looking for non-high-risk savings. His article, Scamming with impunity: the GoogleAd sham investment comparison websites, is well worth a read.

Penman turned the spotlight on Ilian Stoimenov, who had parked his caravan on the Google search results for "good ISA rates". One of the first hits was for sterling-isa.com, aka Lead Generation Limited.

I can reveal, thanks to a reader who has asked to remain uncredited, that excellent-bonds.com is promoting High Street Group.

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Breaking: Blackmore Bonds collapses into administration

Blackmore logo 2019

After months of delayed and missing payments and failure to file legally-required accounts, Blackmore Bonds is finally to be taken out back and put out of investors' misery.

Administrators Duff and Phelps have been appointed by a security trustee (presumably Oak Fund Services (Guernsey) Limited), according to IFA trade rag Money Marketing. The news is little surprise as D&P were originally approached by Blackmore investors in January, seeking answers after months of delayed and missing interest payments.

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