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Hello, we are a group of more than 800 people involved in two seperate ponzi type schemes started by the same people.
For two years we have been fighting to get our monies paid back, for many this amounts to thousands of pounds. In our case £30k.
The instigators of the two scams (who were linked to other people, one now in jail, a second,who got investors in, is due to go bankrupt this month) have been investigated first by the fraud sqaud in London, which was then bumped up to the serious fraud squad and is still an ongoing investigation due to the massive sums involved. They are also going down a bankruptcy route, whilst still trying to get more investors in. Some people are in legal battles with the scheme operators.I called this a scam, and they object to that term.
I recently reported on our own blog (published February 2014) about this scheme and how we were also duped. We, and other investors, have been sent threatening letters re defamation and injuctions if we dont remove our content.
Some of the things we are accused of in the letter are untrue.We have had hundreds of emails back and forth with promises of payment which never arrive.
We have signed docs stating the money we paid in. We checked with the fraud squad prior to posting content. I believe everything I have written to be a true representaion.
More investors have come forward since the posting stating the same-still awaiting cash years after promises made of payment.Whilst I would be happy to adjust some content that they may consider to be defamatory, I believe it is in the public interest to have the information out in public.
Another web site calling the scheme owners a scam, and videos from other investors stating similar are still online and free to view. The lawyers are expecting me to be able to delete all information across the web, which is impossible as I dont own those sites.
Where would I stand legally? Do I have to answer their letters-they have only given 2 days as a reply timeframe, which surely cannot be enough.
For two years we have been fighting to get our monies paid back, for many this amounts to thousands of pounds. In our case £30k.
The instigators of the two scams (who were linked to other people, one now in jail, a second,who got investors in, is due to go bankrupt this month) have been investigated first by the fraud sqaud in London, which was then bumped up to the serious fraud squad and is still an ongoing investigation due to the massive sums involved. They are also going down a bankruptcy route, whilst still trying to get more investors in. Some people are in legal battles with the scheme operators.I called this a scam, and they object to that term.
I recently reported on our own blog (published February 2014) about this scheme and how we were also duped. We, and other investors, have been sent threatening letters re defamation and injuctions if we dont remove our content.
Some of the things we are accused of in the letter are untrue.We have had hundreds of emails back and forth with promises of payment which never arrive.
We have signed docs stating the money we paid in. We checked with the fraud squad prior to posting content. I believe everything I have written to be a true representaion.
More investors have come forward since the posting stating the same-still awaiting cash years after promises made of payment.Whilst I would be happy to adjust some content that they may consider to be defamatory, I believe it is in the public interest to have the information out in public.
Another web site calling the scheme owners a scam, and videos from other investors stating similar are still online and free to view. The lawyers are expecting me to be able to delete all information across the web, which is impossible as I dont own those sites.
Where would I stand legally? Do I have to answer their letters-they have only given 2 days as a reply timeframe, which surely cannot be enough.
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