LSE listed Venture Capital Trusts - the ultimate PONZI scheme.

https://www.ft.com/content/d6fd725b-3e6e-46a8-8c14-12b936e7cce8 and all based on data from the two crooks', Patrick Reeve and Will Fraser-Allen, very own Association of Investment Companies. For those interested persons without a subscription, a copy is available at https://app.box.com/s/ct30barc75qfpi35xczt4eldxdjkwyz2 ------------------------------------------------------------------------------------------------------------ An interesting statistic: VCTs only have to invest 30% of new money. Tax relief is immediate 30% cash back. So the Government is directly paying for the entire investment by VCTs without any participation in the upside - even Donald Trump isn't that duplicitous! That is why Albion's sworn testimony and admission that VCTs are PONZI schemes needing endless rounds of fund raising is of such concern.   Is it any wonder that the UK is a failed State with ever increasing wealth divisions?  Will Rachel "stop the rot" and tax VCT dividends to raise...

Following ICAEW's 2nd level decision (sent out on Friday 15 August) that it's members providing Independent Valuer Services to VCTs are not in breach of s596(3)(a) the Companies Act when they fail to comply with the mandatory disclosures and just pocket the money for rubber stamping Investment Managers valuations (knowingly false and unjustifable in the case of all the Albion VCTs) it is time to get back to work after the Summer Vacations. On 23 January 2025 Albion and Howard Kennedy llp swore under penalty of Perjury in statements to the High Court that:  "VCTs rely on regular fundraising rounds to continue their activities." The very definition of a PONZI scheme. https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme This is why the tame Directors of the VCTs have such a vested interest in making sure that VCT managers never increase the NAV beyond a level at which they can maintain the 5% annual payments out of Share Premium monies from e...