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  • So that's what he's been doing instead of being on here.

    It is truly frightening that you can simply 'raise' £/$/whatever 1m just like that.

  • I would be very surprised if that £1M was 'new money'.

    A common trick in crowd based fund-raising is to have what appears to be a 'serious institutional investor' put down £250k or whatever a large chink of the number is as bait to harvest a load of smaller investors. The big investor is on a deal where they get their money back from the investment round at +10% in 8 weeks. Mad APR if you work it out that way and pretty low-risk when you think about this prick's reach and following and his ability to convince 000's of people to invest £20 based on the optics of some big fish investing £250k.

    Some of these new ways of fund-raising are a total racket and at some point they'll be exposed for the fraud they are.

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