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Wellesley Finance – finally admits it is bust: 4 kills out of 4 for the Sheriff of mini-bonds, more disgrace for FCA

By Tom Winnifrith | Friday 25 September 2020


 


I have been warning about Wellesley Finance Plc since Sunday 17 February 2019.  It was the third in a series of articles I wrote about mini-bond lenders in early 2019, starting with London and Capital Finance Plc, then Blackmore Bond Plc, and finally Bassett & Gold Plc with the other three now all in administration with substantial losses of investors capital. Now it’s 4 from 4 – ouzo at the Sheriff of mini-bonds towers! And, again, the FCA has fecked it up when it comes to ignoring clear warnings and its basic job of protecting investors.

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