By Najiyya Budaly (May 30, 2022, 2:13 PM BST) — Britain’s financial lifeboat fund has warned investors about a scam linked to their attempts to retrieve money from London Capital & Finance, which collapsed with a £236 million ($298 million) loss in 2019.
The Financial Services Compensation Scheme said on Friday that an LC&F bondholder had received a fraudulent letter claiming to be from Trading Standards, the local authority departments that enforce consumer protection legislation.
“The letter did not mention LC&F directly, but when the bondholder rang the phone number on the letter the person they spoke to said that they were entitled to more money for their investment in London…
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