Thread by @ianbeckett

1/ @retheauditors @premnsikka @alexralph The curious case of @TheFCA Minibond Mayhem when #AssetLife met #LCF : 1. in AssetLife debentures John Frankland - we’ve seen John Frankland before haven’t we, in the Andrew Meikle (of “Anglo Wealth” infamy) gigs “Medsea Estates” ..

2/ (#LCF Simon Hume-Kendall put in an appearance here)

https://twitter.com/ianbeckett/status/1132719205512613888?s=20

, Sa Torre Development Ltd (with Meikle/Farmiloe), & Medsea seemed to think “Argos Sol” Ltd (with Meikle/Farmiloe) as well; 2. That’s the Andrew Meikle going back to the days of the FSA’s …

3/ “small caps cesspit” with chums Renwick Haddow, Lord Razzall, Robert Allen etc + right hand man/struck off solicitor Andrew Farmiloe at Catalyst Investment Group, Catalyst Fund Mgmt., Square Mile Capital Investments, Maji Capital Partners Group, Arc Fund Mgmt. Holdings ..

4/ ARM death bond, SEIS, EIS, Structured Products + a spider web from there; 3. that’s the Andrew Farmiloe of a myriad of SPV’s, more recently in the FCA’s “Minibond Mayhem” of Highgrove Osprey Minibonds (

https://twitter.com/ianbeckett/status/1190993225374412801?s=20

), Asset Life Minibonds, Invest to Rent minibonds..

5/ etc; 4. note in the Medsea gig the AIM Nomad was “Big Ray” Zimmerman

https://twitter.com/ianbeckett/status/1142934335747756032?s=20

whose associate (took over his FSA auth SPV + renamed it “Opus Capital”) was #LCF end game player Paul “Carbon Credit” Seakens of the Knifton/Seakens Carbon Credit “scheme” ..

6/ with special appearances from #AssetLife Auditor partners

https://mobile.twitter.com/ianbeckett/status/1136333165482729472

, a former partner is #LCF end game player Whyke

https://twitter.com/ianbeckett/status/1134527241742929920?s=20

; 5. We see Paul Seakens name on LCF debentures signing on behalf of LCF “borrower” Prime Resort Development Ltd ..

7/ +a Paul Seakens linked “Cpy. Sec.” SPV(Vaeron Ltd) on the scene at e.g. Anglo Wealth

https://twitter.com/ianbeckett/status/1136753411389607936?s=20

; 6. Binks/Russell along with #LCF end game player Sands were all directors of NatWest Stockbrokers .. cozy; 7. #LCF end game player Sands along with Farmiloe were ..

8/ directors of Asset Life “investment” Aprelskoe Ltd, Sands was also a director of Missing Assets Worldwide Recovery Ltd(stated in the Administrators report to be an #AssetLife “payment agent” + an AssetLife “direct investment”) along with Farmiloe & …

9/ Anglo Wealth/Asset Life Director Terence Mitchell (Convicted with Meikle over the “Anglo Wealth” scam); 8. Mitchell was a business partner of Nathan Lowry(e.g. peoples Coffee Ltd), the previous hawker of Asset Life “investments” Aprelskoe Ltd & Lori Iron & Steel Ltd.

10/ Nathan Lowry was a business partner of Seakens (eg Bazum Steel Ltd). Lori’s director Cortney Fenton was an associate of Seakens/Knifton Clan (Guardian Care Line Ltd, Yarmouth place Ltd aka CNI(UK) Ltd redd-monitor.org/2013/11/15/car…), Fenton was also an associate of Mitchell ..

11/ (eg Croozer Ltd). Mitchell was a director(as was Seakens) at Otium Ventures PLC (where the cops are involved) + Mitchell & John Frankland were directors at The Research & Consultation Partnership Ltd. 9. back to Asset Life’s board and Martin Binks, who was also a ..

12/ director of #LCF, Anglo Wealth, Asset Life Investment MyBloodstock Plc (with BDO reportedly involved in an EIS “scheme”)

https://twitter.com/ianbeckett/status/1112457828835434496?s=20

+ with Anglo Wealth/Asset Life/Nat West Stockbrokers fellow director Leonard Russell in Lilygate(Billericay) Homes Ltd; ..

13/ 10. back to Asset Life’s board + Cpy. Sec. SPV “ CPM Service Bureau Ltd” .. that’s on Andrew Meikle’s “Anglo Wealth” director disqualification sheet but interesting to note CPM director Martin Raine is a “Catalyst Fund Management” man & Damian Earley an associate of ..

14/ John Frankland (Missing Asset Services Worldwide Ltd). 11. back to Asset Life’s board + John Woodroffe-Stacey who was also on Anglo Wealth’s board + by curious coincidence was a business partner (Lorgramar Ltd) of Ms Lorraine Meikle who shared the same service address ..

15/ Andrew Meikle used. Ms Meikle was also a director of several property related SPV’s + “Opes Capital Ltd” (with Manchester based veterans of the the FCA’s SIPPshittery - messrs Jehu & Lamb, whose wares [FPML Alternatives Ltd] included none other than #AssetLife minibonds ..

16/ … who would have thunk it); 12. back to #AssetLife’s board and it’s most recent addition Felix Engstrom with the smell of Tallinn & Russian Agri-Land; 13. back to Asset Life shareholder Enayet Razul, his Spiffy FCA record is very Knifton-esque with the notorious ..

17/ Montague Pitman Stockbrokers (Falcon Securities). Then to one of the FCA’s “regulatory catflap hotels” Kession Capital

https://twitter.com/ianbeckett/status/1146911654782951424?s=20

for his Curzon Privee Consultancy Ltd FCA SPV + a jolly jape with Farmiloe at Spark Money Ltd; 14. back to Asset Life + ..

18/ shareholder Sir Bernard Zissman, a veteran of Anglo Wealth, Asset Life’s MyBloodstock Plc “asset” & Medsea Estates(AIM Investments); 15. back to Asset Life + Asset Life director shareholders Farmiloe, Binks, Mitchell, Woodroffe-Stacey, Russell; 16. back to Asset Life ..

19/ shareholders + no doubt the trail back to Hong Kong - Dragon Wave Holdings, Yum Software[Orient & Occidental Merchant Services] + perhaps International Energy Investment?; 17. back to Asset Life shareholder Malcolm Fittler, an Aussie famous amongst other things for ..

20/ his “resort development ops”; 18. back to the recent major changes in the Asset Life share register, out goes John Frankland/the Hong Kong trail + in comes one Juan Carlos Rodriguez Martinez - we have heard that name before haven’t we, could this be one of the front men ..

21/ in the Medsea Estates gig? + the man with and/or had his name on the “Argos Sol” land dotted line (along with allegedly the scion of a famous Spanish online gambling/casino family that hails from Murcia), the land recently embroiled in a local political scandal. The …

22/ “Argos Sol” land has been “recycled” so many times it makes one “goggle eyed”

https://twitter.com/ianbeckett/status/1132750416666669062?s=20

. It has been alleged recently that the “Argos Sol” Land had been “sold” to “#LCF borrower” Prime Resort Development Ltd either via or involving Argos Property Ltd ..

23/ whose director one David Maxwell McLellan was also a director of Anglo Wealth/Asset Life “asset” Swifts Manor Farm Ltd. If we look at Swifts Manor Farm we see it’s former director Ray Anthony Sayers who along with Andrew Meikle was a director in the Renwick Haddow …

24/ Branded Leisure Plc “gig” wired-gov.net/wg/wg-news-1.n… (Note: Catalyst EIS investment fund comment). Mr Sayers was also a director of another respin on the “Argos Sol” land - Residential Argos Sol Ltd. The Cpy. Sec. SPV at Swifts Manor Farm was the Paul Seakens/Anglo Wealth ..

25/ Director Khalid Choudhry related Vaeron Ltd; 19. over to LCF “borrower” Prime Resort Development Ltd + we see some familiar names other than the #LCF crew on the share register .. familiar names/faces from the #AssetLife share registry/directors - Heby OU (likely one of ..

26/ Mr Engstrom’s Tallinn trots), the Hong Kong trail, Curzon Privee Consultancy Ltd (Enayet Razul), Malcolm Fittler + Terence Mitchell; 20. As the “doe eyed” #LCF FCA money laundering officer Katie Maddock or pride of the ICAEW Michael Peacock could perhaps tell us, the …

27/ #AssetLife crew were involved in the early days when the #LCF crew had run a “Sanctuary International” timeshare buy bait, off plan property sting boiler room op on what would later be recycled as LCF’s “borrowers” Dominican Republic “assets”

https://twitter.com/ianbeckett/status/1149258226682224640?s=20

; 21. ..

28/ back to #AssetLife debentures - initially the security trustee (who should be independent + unconflicted) was CPM Service Bureau Ltd (see 10. above) + then Frankland Business Consulting Ltd (see 1. above) plus Mr Frankland had been an Asset Life shareholder; 22. over to ..

29/ Anglo Wealth + what the judge described as an “elegantly packaged scam”, Andrew Meikle’s Director disqualification involved conduct while acting for Anglo Wealth Ltd/Anglo Wealth Marketing Ltd/CPM Service Bureau Ltd/Swifts Manor Farm Ltd. Anglo Wealth directors included ..

30/ Binks, Russell, Choudhry, Mitchell, Woodroffe-Stacey, Zissman + Cpy. Sec. SPV Vaeron Ltd(Seakens/Choudhry etc), Anglo Wealth Marketing directors included Russell, Mitchell + Cpy. Sec. SPV Vaeron Ltd, CPM Service Bureau Ltd ( 10. above) + Swifts Manor Farm Ltd (18. above) ..

31/ plus Farmiloe/Vaeron Ltd as cpy. sec; 23. the change in control of Swifts Manor Farm sums up this whole sorry tale moving from Meikle -> Sayers -> Anglo Wealth -> Asset Life -> David Maxwell McLellan … but hold your horses, #LCF end game player Robert Woodward ..

32/ (Prime Resort Development Limited, Global Resort Development Ltd) was also a director of Swift Manor Farm Developments Ltd (renamed from Global Resort Development Ltd) + you don’t have to go far to find Investtorent holdings Plc + it’s 5% “invest to rent” Minibond with ..

33/ surprise surprise Farmiloe as cpy. sec., Frankland Business Consulting Ltd as bondholder trustee + the s21 FSMA by Equity For Growth (Securities) Ltd .. very Knifton-esque

https://twitter.com/ianbeckett/status/1143792515868438529?s=20

. I think we can guess by now how “Invest to Rent” ended up. Leaving the ..

34/34 Last word from the latest #AssetLife administrators update which notes: (a) the great public interest in this case; (b) savers clearly didn’t meet the investment eligibility criteria and should never have had this type of scheme promoted to them.