5 June 2019 | Firm news | Article by Ria Coleman
BBC reveals Dolphin Trust months late on payments to investors
The proposition was sold to investors, who were often cold called, on the premise that healthy returns could be generated on the capital growth enjoyed on the refurbished buildings.
However, the BBC has revealed that the company, which borrowed £600m in total, is months late paying back the loans.
Indeed, it is reported that whilst the company has purchased a number of properties, only two have been worked on in the last five years.
The investment itself is not regulated by the Financial Conduct Authority, however, if you were advised to invest in Dolphin Trust by an independent financial adviser or if you invested via a self-invested personal pension (SIPP), you could still be entitled to compensation.
We already represent a number of Dolphin Trust investors and can help you too.
Contact Hugh James’s Financial Mis-Selling team today.
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