Thread by @ianbeckett

@ArmitageJim @premnsikka 1/ Unsurprisingly yet more allegations of ‘nasty niffs’ from the wild west of @TheFCA’s #Emoney/#FX scene - ‘ FCA authorised money transfer/FX op #LinkFX plc hit with £5m alleged fraudulent payments lawsuit by the liquidator of a purported construction …

2/ staffing agency’ (aka ‘payroll op’) #WittsServices Ltd (shutdown by HMRC). The liquidator alleged that : 1. the sole director of Witts Services was a car mechanic with no history as a company director or in construction. 2. LinkFX knew little to nothing about …

3/ Witts Services’ business or the £8m of transfers Link FX was making on its behalf allegedly to a Cricklewood (North London) pub landlord ‘Austin McGovern’. 4. LinkFX was aware that Witts Services had no known source of funding & was generating “extraordinary large income …

4/ streams in a very short period”. North London residents ‘back in the day’ (80’s) may remember coincidentally a pub landlord named Austin McGovern in Cricklewood. The ‘McGovern family’ back in the 80’s ran the Crown (Cricklewood) & McGoverns (Kilburn High Road) which cashed ..

5/ cheques for the massive itinerant Irish construction workforce in London - reportedly thousands of cheques every week (>£1m a week). Fun fact : the 80’s hit by Dexys Midnight Runners ‘the Celtic soul brothers’ was filmed in/around the Crown pub (dailymotion.com/video/xrktpu).

6/ In the 50’s Irish labourers waited for the ‘call on’ (picked up for work) at the Crown pub (run by Peter McGovern). Back to Link FX who allegedly were mentioned back in 2013 in ‘Fraudsters ran £2.65m fake ticket network ripping off 16,000 music fans’ (dailymail.co.uk/news/article-2…).

7/ A ‘Link FX’ was also mentioned in 2011 in the trial of an allegedly notorious drugs dealing/money laundering OCG (bailii.org/ew/cases/EWHC/…). A ‘Link FX’ was also mentioned in 2008 in an alleged drugs related money laundering trial (bailii.org/ew/cases/EWCA/…).

8/8 Coincidentally, Barclays Bank are allegedly LinkFX’s bankers.