Property News · September 7, 2016

Investors risk losing £8m in failed 'mini-bonds'


Group linked to Providence Bonds facing investigation in US for offering ‘fraudulent and unregistered’ securities More than 800 small investors may have lost up to £8m after the failure of two controversial ‘mini-bonds’ that promised interest of up to 8.25%. Providence Bonds were marketed as an investment in a “fast-growing, global commercial and financial services group” that had offices across the world. Savers enjoyed multiple levels of security, according to the promoter, London-based Independent Portfolio Managers. Continue reading…

Source : theguardian.com
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