HIGH INTEREST INVESTMENTS

Call me old fashioned, but on my annual search for a more profitable home than my bank for a recent inheritance I noticed a scheme that looked too good to be true. It was and still is underwritten by Equitable Law Capital (look them up on carterroyali. com, this aroused my suspicions), they use the Law Societies £50K investor guarantee and not the FSA's £85K, they use investor capital to fund expensive legal projects, at least that is what they say. I completed the on line request for further info, giving them my name, phone number and email address (they would have had the latter from my email request, I never received any information just phone messages to call them back. On investigating this scheme it isn't a year old, no track record, no testimonials, no financial journalist articles, needless to say I have not taken this any further, but I wager that some have.

Take care out there guys.    

Hughjarse - am I to suppose it all our greedy faults for taking advice from LYING CHEATING IFAs? Isn't that part of what they are supposed to do - advise which funds to avoid? There was not just one rougue conman, all the IFAs were at it. They kept on conning investors right up to the very end, four years after there were obvious problems at LMIML.

There was nothing 'too good to be true' or 'get rich quick' about it. Only about three percent over UK bank rates in a sound country with a booming economy and high interest rates. The IFA's speil to 000's of vicims was always the same  "...a low risk safe investment...doubly regulated...backed by commercial mortgages...just like a bank..."

None of the victims went directly to LMIML, because that was not allowed. You had to be recommended to invest there by an IFA. It was the IFAs that were the last link to the public in a short chain - the equivalent of a street corner drugs pusher. Expats looking for safe investment were scammed by SHYSTER IFAs looking for a exorbitant commissions.

Crookesey - you have it right now, don't believe what anyone tells or advises you, particulalry IFAs. Any idea how many IFAs currenlty have that fund as one of their products?

I 'have it right now', because I have said something that you agree with. Insulting Hugh's user name doesn't make you any more right, and where are all these high interest rates in the UK? I wish that I could find over 2.00% on one year deals.