Victims received correspondence from KordaMentha regarding action against LM. There is no word about what transpired in court on the 16th, but from where I am sitting it looks like at most we are talking about recovery actions in the pennies. So it’s not worth getting too excited about, frankly.
There is also some activity about recovery strategies that requires more cash from investors. I am very skeptical that that sort of thing is worth pursuing.
I have looked into making claims against the company that sold me the fund in the first place, and found that they had already liquidated and moved out of Thailand. Oh and are you surprised to hear that the company was registered as one that teaches “Computers and English”?
International School teachers, beware of these companies that target expats who themselves do not live on solid ground. These are not legitimate businesses.
Meanwhile, Peter Drake still remains.