Nothing could have prepared us for the news that our treasured colleague Ian Davis had taken his own life after falling victim to a financial scam.
Ian had lost 600,000 in the mini-bond scandal of London Capital & Finance, which collapsed in 2019 owing more than 230mn to investors.
Ian was a very popular Transparency Task Force volunteer and he was also one of the 170-plus respondents that had engaged with the all-party parliamentary group on personal banking and fairer financial services in relation to its call for evidence about the Financial Conduct Authority's supervision of LCF.
Ian’s submission to the APPG shows how terribly frustrated he had become trying to properly engage with the authorities.
I attended Ian’s funeral, and with his family we subsequently organised an early day motion to mark his passing and put his frustrations on the record.
It’s too late to do anything to help Ian, but like most people I’m convinced there’s more that could and should be done to properly fight back against the scammers, and as is often the case it makes most sense to ‘nip things in the bud’ – ie for scams to be closed down as soon as possible – before they really take hold and cause wide-scale carnage.
There’s a particular idea that we’re enthusiastic about – it’s precisely about closing down new scams early.
We don’t know why the FCA doesn't seem keen to trial the idea. Maybe the problem is cost.
The idea is the brainchild of TTF’s head of strategy, Mark Bishop, who says to...
Published on: Washington: India’s Operation Sindoor, launched following the April 22 terror attack in Pahalgam in Jammu and Kashmir in which 26 civilians were killed by Pakistan-backed terrorists,...