Blackmore Bond goes bust – another mini bond scam bites the dust: usless FCA still failing badly

In early 2019, I wrote a series of articles highlighting significant concerns over four mini bond lenders.  As the table below shows, as of this week 3 of the 4 are now in administration. Predictably, Blackmore Bond has bitten the dust. That makes c£320 million ponied up by, generally vulnerable, savers seeking low risk investments up in smoke. So what is the useless FCA doing to ensure there are no more blowups. this will horrify you.

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