Why even if you never invested in Lendy you should contribute to the Legal Fund

[shimself]

Lendy went bust.  So whatever recovery goes to investors less admin costs, that's p2p isn't it?

NO.  Because Lendy wrote some crooked terms and the administrators don't have the balls to fight it (in fact I think the administrators make more money if they don't)

It's something like £20M of recovery funds might actually go to Liam and fellow villainous directors.  If he gets away with it you can forget p2p, it will become like all other dodgy investment, P2LyingFatCat

More info:
https://www.facebook.com/groups/lendyactiongroup
https://www.lendyactiongroup.co.uk

or contribute direct on https://www.crowdjustice.com/case/lendy-...egal-fund/

(My investment in Lendy is 3 figures, but others are in 6 figures)

[shimself]

Or in the words of the LAG group


I've been asked to explain again why we are raising money to fight the waterfall. Here's the simple explanation:
Lendy originally promised to only deduct charges for administering the default loan then pay back investors. (that's not what was in the notes we were never allowed to see) Then after the portfolio started defaulting en mass and we were stuck, Lendy sent an email, retrospectively changing this.
The issue is what is defined as a "fee" which Lendy defined in a way that paid penalty interest and many other items to themselves first. This is a hole LAG is focused on plugging.
You should know, RSM did not include these deductions when estimating investor recovery. We think these illegal deductions could reduce our recovery by £20m - that's 25% of the total recovery forecasted and that money could go to Liam. ?

Are you ready to fight now?

www.crowdjustice.com/case/lendy-action-group-legal-fund/

[ozboy]

Lotta piss poor whingers out there who find it easier to just do nothing, roll over, and whimper whilst they're being thoroughly Rogered.

GOOD LUCK, I admire fighters. 

Others get what they deserve.

[shimself]

...
Others get what they deserve.

Elsewhere there is a suggestion that Liam accepted investment from some people who it is foolish to upset.   I do hope he doesn't get sufficient cash to pay them off

[Skint4achange]

...
Others get what they deserve.

Elsewhere there is a suggestion that Liam accepted investment from some people who it is foolish to upset.   I do hope he doesn't get sufficient cash to pay them off

I wouldn't worry about Liam.  Looking at that nose he is used to being hit very, VERY hard!

[shimself]

Up to 50K now.  Some good souls have chucked amounts over 1K