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Hudspiths Ltd-A £50million Swindon"Ponzi Scheme"?

Has anyone come across this company or its directors? Swindon Sex Shop Connection. What Do You Know?

Didn't find your answer?

A client was recommended to put his hard-earned cash into this company by a "respected" unqualified "financial adviser".

At virtually the last moment he got cold feet and refused to invest.

Returns of up to 5% per month were promised (60% per annum). Looks like investors may have lost a lot of money. (If it seems to good to be true etc. etc.)

I cannot believe in this day and age that there was no FCA barrier to stop this sort of "investment" occurring. And how are the salesman and his cronies able to sell these "investments" to both gullible and (look at the list of creditors) switched on financially savvy wealthy individuals, limited companies, investment advisers, retirement schemes, pension funds and property companies. It just beggars belief!

But have you come across either the company, the directors, namely Lancelot James Hudspith and Karl Edward Lubieniecki or even the sales team involved in selling these possibly "risk-free" investments? Interesting reading in the following:

https://www.dailymail.co.uk/news/article-7139321/Playboy-business-partne...

https://www.swindonadvertiser.co.uk/news/17647251.swindon-hedge-fund-hud...

https://bondreview.co.uk/2019/07/09/hudspiths-ponzi-scheme-collapses-con...

I have a number of other questions which remain unanswered. But what is going on in this country. Why has this sort of thing not been stamped out.

 

 

 

 

Replies (27)

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By paul.benny
16th Nov 2019 08:56

Dangle the prospect of high returns and even intelligent people can lose their critical faculties.

Scams like this will continue for as long as some people are credulous and greedy and others are venal and unscrupulous.

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Replying to paul.benny:
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By paulwakefield1
17th Nov 2019 09:19

paul.benny wrote:

Scams like this will continue for as long as some people are credulous and greedy ........

Not necessarily the latter.

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Psycho
By Wilson Philips
16th Nov 2019 09:18

Of course it should be stamped out. But if the advisers/promoters are unqualified/unregulated how do you enforce it other than after the event?

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By johnhemming
16th Nov 2019 11:05

What I find odd is the phrase:
"Swindon Sex Shop Implicated."

Is there something well known about that particular enterprise?

It is possible to get large returns from investments, but anyone promising figures like were promised here is unlikely to be truthful. Similarly they are figures not to believed.

It remains, however, that there have been lots of bubbles be they in the south seas, involving tulips or indeed bitcoin or pretend bitcoin (one of which I saw recently).

The legal system can pierce the corporate veil from time to time where relevant.

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Replying to johnhemming:
By penelope pitstop
16th Nov 2019 15:17

Just noticed these comments to the bottom of The Daily Mail article:

Quote 1 "Swindon is well known as the investment capital of the UK. I can understand why the investors got pulled in."

Quote 2 "London,Paris,New York,Milan and Swindon"

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Replying to penelope pitstop:
RLI
By lionofludesch
16th Nov 2019 17:13

penelope pitstop wrote:

Just noticed these comments to the bottom of The Daily Mail article:

Quote 1 "Swindon is well known as the investment capital of the UK. I can understand why the investors got pulled in."

Quote 2 "London,Paris,New York,Milan and Swindon"

Don't forget Peckham.

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By DannyL
16th Nov 2019 11:07

I happen to be a neighbour of Mr Lubieniecki and have taken an interest in this case. You may wish to contact me

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Replying to DannyL:
By Ruddles
16th Nov 2019 12:15

I didn’t realise that he’d moved to Derby. I must look him up.

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Replying to DannyL:
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By IndyPannu
18th Nov 2019 20:40

Do you live in Swindon?

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Hallerud at Easter
By DJKL
16th Nov 2019 12:40

There is nothing new with human gullibility- have a read about the Poyais scheme if it is unfamiliar ,

"The Land That Never Was: Sir Gregor MacGregor and the Most Audacious Fraud in History"

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Replying to DJKL:
RLI
By lionofludesch
16th Nov 2019 17:16

DJKL wrote:

There is nothing new with human gullibility- have a read about the Poyais scheme if it is unfamiliar ,

"The Land That Never Was: Sir Gregor MacGregor and the Most Audacious Fraud in History"

And then there's Darien.......

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Replying to lionofludesch:
Hallerud at Easter
By DJKL
16th Nov 2019 17:44

Not really an outright fraud though, it was more inept, Poyais on the other hand was pure invention from start to finish- the book is a decent read it you enjoy quirky historic episodes.

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By Accountant A
16th Nov 2019 12:51

penelope pitstop wrote:

But what is going on in this country. Why has this sort of thing not been stamped out.

When you say "this sort of thing" you mean fraud. It's not been stamped out for the same reasons that burglary and shoplifting haven't been stamped out: crime pays

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By penelope pitstop
16th Nov 2019 14:43

Let's cast a net out and see where the tentacles of this and related schemes and investments have reached.

So the brain hub appears to have been Swindon, Wiltshire.

I have spotted a sales connection in East and West Yorkshire.

Intrigued to know how it all spreads from the south to the north.

How far and wide does this tangled web spread? Please add to this if you are aware of any connections, no matter how tenuous.

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Replying to penelope pitstop:
Hallerud at Easter
By DJKL
16th Nov 2019 17:48

Well, all great financial genius must stem from near Swindon. (My father's family were from Aldbourne, just to the SE of Swindon)

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Replying to DJKL:
By penelope pitstop
16th Nov 2019 20:50

Are you related to David Brent by any chance?

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Replying to penelope pitstop:
Hallerud at Easter
By DJKL
16th Nov 2019 21:56

Not in the family tree as far as I am aware- I thought he was based in Slough.

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Replying to DJKL:
By penelope pitstop
17th Nov 2019 01:21

I stand corrected. David Brent of course was based in Slough, but would take the mickey out of the "Swindon Lot".

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Replying to penelope pitstop:
RLI
By lionofludesch
16th Nov 2019 22:22

I know Andy Brent - is he related ?

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Replying to lionofludesch:
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By johnhemming
17th Nov 2019 10:33
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By IndyPannu
18th Nov 2019 20:37

I’m really sorry everyone, this article is fake. I wrote it as I thought I had invested with Hudspiths when actually it was another company all along. I got muddled up. I was going to report Hudspiths for taking my families money, however they would have found out that actually I sent it to a totally different company. People like me are the reason companies get bad names and people lives are ruined. I’m one of those desperate investors that 10,20,30,40,100% is t enough....I want more, much more and think I deserve it.

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Replying to IndyPannu:
By penelope pitstop
22nd Nov 2019 00:20

.

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Replying to IndyPannu:
By penelope pitstop
19th Nov 2019 19:00

Thanks for your comments IndyPannu.

Are you able to clarify some points in connection with my "fake article" that you say was written by you! It would be helpful if you could confirm which elements are fake and which are true (Hudspiths Ltd is a real company).

Your cheque book stub should reveal the payee company if it was not Hudspiths Ltd. Otherwise, you may still have the payee details on your file in the unlikely event it was done by bank transfer.

How much did you invest and with whom. I am sorry you got muddled up. So do I sometimes, but seldom over money matters. Especially where large sums are involved, like the subscriptions to Hudspiths Ltd which appear to be in the range of £3,000 to £20,200,000 (yes-£20.2 million!)(As per Hudspith Ltd published company creditors at 3 June 2019).

I am sorry you have many families. I only have one, and I find that one too many sometimes. And at what point would your families have found out you had sent it to a totally different company. Would they have been relieved you had not sent it to Hudspiths Ltd.

And who were you going to report Hudspiths Ltd to. I have found in the past, to my great detriment, that the local police station will not get involved. Also, the FCA too will not want to get involved in unregulated investments. So, if you have sent it to a different company please name it and my peers and I will attempt to warn all and sundry to watch out for your precious money, and perhaps report the matter to the authorities (goodness knows which one).

But no, it is not people like you who give companies bad names (unless you are a bent director). It is bent directors and bent company accountants who give companies bad names and ruin lives (and on a rare occasion, a bent employee).

You do not sound to be as desperate as you make out. People with money to invest are not as desperate as those with no money at all. Maybe you can enlighten me as to why you think you deserve more than 100% return. I personally find it difficult to obtain a return of more than 2% pa on cash and 4.5% pa on FTSE 100 risk. If I try to buck the trend with more than 5% per annum then I run the risk of great loss.

But a return of 5% PER MONTH, not per annum! Well, that is just Alice in Wonderland nonsense. No-one with even one gram of sense would ever advertise offering that sort of return, unless............................

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Replying to penelope pitstop:
Psycho
By Wilson Philips
19th Nov 2019 15:49

DFTT

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Replying to IndyPannu:
By penelope pitstop
21st Nov 2019 13:48

.

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Replying to IndyPannu:
By penelope pitstop
22nd Nov 2019 00:19

Hello IndyPannu.

Can you please confirm if you are friend, foe or fool?.

I am unable to discern from your comments exactly what you are, although I have a gut feeling it is one or both of the last two!

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By penelope pitstop
22nd Nov 2019 01:29

Or maybe it was not a 5% return per month. Maybe they meant they can decimate your wealth by 5% per month. Compound or simple decimation perhaps?

That would seem to make more sense, would it not?

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