LM Investment Victims

For a variety of reasons I have been somewhat MIA lately. However, tonight I checked my mail and found quite a few messages intended for action. So, if you are a reader of this blog and emailed me, I will reply shortly. Thanks for understanding.

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.

Dear all,

If you registered with the ACA Lawyers website, you would have received an email from them today.

Here is a link to the FOS service (http://www.fos.org.au) which is provided by the Australian government.

Regards,

Adam

Please note that I have added a tab at the top for your convenience, “Class Action” which takes you to an area where you can register with ACA Lawyers whom I understand are actively seeking class action.

Also, readers may be aware of a post I made yesterday, in which inadvertently left out the word “not”. I have corrected that sentence now.

We’re looking for investors who attempted to get redemptions from LM, but couldn’t. Either comment on this post or email us.