Im more looking for answers to see if ‘investing4you’ is actually legit or not.
By that i mean do we know if it was the real deal? Do we know trades were actually taken place? Are the balances we all saw real or made up? Are people going to see there profits at all?
I personally came to the conclusion something isnt right as we wouldnt be in this mess.
But i hear alot of different things and its quite frustrating to say the least so i decided to come join this forum and see what people are suggesting.
I have been in touch with my banks and they have explained its too good to be true and that i will probably not receive any money back.
My personal view is that it is unlikely investors will see all their money back the main reason being if there was nothing amiss and all investing was legitimate the police would have finished their inquiry within 2 weeks and handed it back to the banks, they have not done this as yet so it looks more ominous, if the chairman of the investment company wrongly used the company name for personal wealth that also breaks the law so there's a possibility of a claim by investors providing there is a fund to claim from, if investors used the personal accounts of others for trading than there nothing but fools and this will reflect on the outcome of payments once its all sorted out,
At the moment this is still an active police investigation that means no one can move any money incorporated within this case until the investigation is complete only the police can authorize the banks to move monies tied up within the investigation if they find no crime has been committed, if however there is a crime the decision comes from the judge.
If any investor does not have the legitimate documentation for each and every trade than he has no comeback whatsoever, usually a picture on a phone means absolutely nothing other than a con, so unless you have proof an actual trade was made its more than likely there never was one.
All those that put money directly into this investment company account could be entitled to a claim under UK law if there is any funds in the account to claim from.
All those who willingly put money into a private account were obviously negligent and it could come down to the person who holds the fund whether to pay them back or not, or unless authorized to do so by the crown court.
Under UK law the director of a company that operated outside the jurisdiction will not be allowed to be owner or part of another company therefore all assets/proceeds could/will be confiscated and become owned by the crown and it will be their decision what they do with them,
In a nutshell the aforesaid company acted out of the UK investment regulations and will more than likely result in prosecution.
If the director of the company invested on a personal basis operation he might not have broken any laws and relied on word of mouth for fools to put their hard earned money in. using the company name as a smokescreen.
BTW if you do hear anything however big or small always ask for written proof, if its not in writing it doesn't exist.
if you put money into a legitimate investment company you shall have a contract note from that investment company, if you do not have one then why not.
