Tuesday, 9 September 2014
September has been a stunning month as the campaign moves into new areas of identifying fraud in the factoring industry
One of the hardest parts of running a campaign such as Regulation Asset
Based Finance is fatigue.
Fortunately the campaign has a momentum of its own now and that is clearly driving it forward.
Close Brothers my personal crusade has now been recognised at the highest levels of government as effectively criminals that we shall see if ABFA keep their word to throw out bad members of their organisation a commitment given to the Treasury select committee.
We are now moving deeply into police and soon the Serious Fraud Office - ABFA have been given several years to drive through the reforms that are needed and have just moved the deck chairs.
Lloyds Commercial Finance and Metro Bank have shown their true colours and will continue to be exposed for what they are.
Ashley Finance should have been closed a long time ago and we wait for Ultimate to lance that boil.
We have two demonstrations under plan one at the Finance Professional Show and the other at the Close Brothers AGM.
I know from those involved in the campaign are door is open for the ABFA to have meaningful conversation with to put together robust reforms that address the errors of the past and allow the industry to grow.
Unfortunately while law firms like Squire Sanders threaten jail and financial ruin and grab obscene money for their corrupt clients we seem to be a million miles from a solution other than through the police.
Fortunately the campaign has a momentum of its own now and that is clearly driving it forward.
Close Brothers my personal crusade has now been recognised at the highest levels of government as effectively criminals that we shall see if ABFA keep their word to throw out bad members of their organisation a commitment given to the Treasury select committee.
We are now moving deeply into police and soon the Serious Fraud Office - ABFA have been given several years to drive through the reforms that are needed and have just moved the deck chairs.
Lloyds Commercial Finance and Metro Bank have shown their true colours and will continue to be exposed for what they are.
Ashley Finance should have been closed a long time ago and we wait for Ultimate to lance that boil.
We have two demonstrations under plan one at the Finance Professional Show and the other at the Close Brothers AGM.
I know from those involved in the campaign are door is open for the ABFA to have meaningful conversation with to put together robust reforms that address the errors of the past and allow the industry to grow.
Unfortunately while law firms like Squire Sanders threaten jail and financial ruin and grab obscene money for their corrupt clients we seem to be a million miles from a solution other than through the police.
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