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FCA warns about "scam" property investment

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The Financial Conduct Authority has issued a notice to inform advisers and their clients that Brookbourne Trading Limited is operating a “scam property fund” and has been accepting deposits from consumers without authorisation.

The High Court granted the regulator an injunction on 15 April preventing Brookbourne from taking more deposits as well as freezing its assets.

The fund operates out of an address on 288 Bishopsgate in London and still has a fully operational website describing it as “a leading global wealth management group and the preeminent UK-based investment corporation with a worldwide reach”.

Established in 2009, according to the site, it states that the firm is “in the business for the long haul and set out to build a personal relationship with each and every one of our clients founded on trust and performance”.

All projects are apparently “subject to rigorous independent due diligence” with “potential concerns related to capital security” overcome by ensuring all funds are handled solely by “reputable registered UK banking institutions”.

If you have been caught up in this or any other investment scam, TLW could help recover your funds. Our experienced team have helped clients who have lost money through pension mis-selling and other forms of financial mis-selling.

As well as off plan property scams we have helped people who have invested in things like Green Oil, Global Forestry Investments, carbon credits, and other high risk unregulated investment schemes.

If you believe you may have received inadequate advice on an investment and have subsequently lost out financially, TLW Solicitors are here to help on a no-win no-fee basis. Call free on 0800 169 5925 or fill our our enquiry form.

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