FundingSecure – representative lender appointed in £500k Quistclose claim

A judge has approved the appointment of a single person to represent the interests of 2,148 ‘innocent investors’ caught up in the FundingSecure Quistclose fiasco, in which a disgruntled creditor of the failed peer-to-peer lending firm FundingSecure has alleged its £500k investment was misappropriated and should be returned.

FundingSecure – “innocent investors” given March deadline in 500k Quistclose claim

A judge has approved directions in a High Court claim after a disgruntled creditor of the failed peer-to-peer lending firm FundingSecure alleged its £500k investment was misappropriated and should be returned.

FundingSecure launch bankruptcy proceedings against two borrowers

Two borrowers, who unsuccessfully argued at the County Court that their mortgage broker had been “bribed“, have been presented with bankruptcy petitions by the failed peer-to-peer lending firm FundingSecure.

FundingSecure “misrepresented” £650k loan, Financial Ombudsman secretly ruled

The peer-to-peer lending firm FundingSecure was ordered to refund an investor after making findings of misrepresentation and unfairness — But the platform entered administration before the investor could be compensated and the decision notice published.

FundingSecure administrators to remain neutral on £500k claim against “innocent investors”

A disgruntled creditor of the failed peer-to-peer lending firm FundingSecure has launched a high court claim alleging its £500k investment was misappropriated and should be returned.

FundingSecure: Investors angry as FCA close investigation

Members of the public who invested in the failed peer-to-peer lending company FundingSecure, who stand to lose millions of pounds as a result of lax business practices, have expressed “total, complete and utter ANGER” after the FCA conclude their 5-year-investigation – with no public action taken.

FundingSecure Art Loans litigation settles

The long running dispute between the failed peer-to-peer firm FundingSecure and an art dealer who fraudulently hoodwinked 1,400 members of the public out of £2.3m has settled, the mouseinthecourt can exclusively reveal.

Mortgage broker was in “cahoots” with borrower as secret commission defence fails, court rules

The County Court has granted the failed Peer-to-Peer lender FundingSecure possession of an East London flat, and a money judgment of some £200k, after rejecting a borrowers claim that their mortgage broker had been bribed with a so-called secret commission.

FundingSecure hit with third Secret Commission case

The failed peer-to-peer lender FundingSecure has been hit with a third so-called secret commission claim after a borrower alleged her mortgage broker was “bribed” with a payment of £17k.

FundingSecure Art Fraudster fails at Court of Appeal

Three senior judges have unanimously dismissed a fraudsters appeal that 1,400 members of the public, hoodwinked as part of a £2.3m art-loan investment scam, should not be able to recover their money from his family pension scheme.

FS Secret Commission Broker needs to “wake up and smell the coffee and realise their neck might be in the noose”, court told

A procedural hearing held in Central London earlier today has revealed a complicated web which looks set to be unravelled at a 5-day-trial, expected to begin on October 31st. In May 2022 the mouseinthecourt exclusively reported on the failed P2P company FundingSecure facing a new threat over an alleged ‘secret commission’ payment.

Judge delivered “fatally flawed” decision in Art Loan fraud recovery, Court of Appeal told

A High Court judgment made in favour of defrauded members of the public who crowdfunded loans to a disgraced art dealer was “an impermissible extension of the Court’s jurisdiction” and should be quashed, three senior Judges have been told.

FCA silent on client account cash grab

Investors in the failed peer-to-peer lending company FundingSecure are raising money for legal advice after a disgruntled company creditor raised the prospect of joining them to a High Court claim.

“Them’s the rules” as Judge says permission required in FundingSecure ‘Secret Commission’ case

The County Court has heard that “incompetence” at a firm of solicitors prevented compliance with a court order, as the latest chapter in litigation affecting failed P2P firm FundingSecure unfolds.

FundingSecure Art Loans saga to be heard at Court of Appeal

A High Court judgment made in favour of 1,400 defrauded members of the public who crowdfunded loans to disgraced art dealer Matthew Green, 54, is set to be appealed, the mouseinthecourt can reveal.

Great Green Art Fraud – How FundingSecure lenders were scammed

In 2016 an art dealer took out a series of short-term loans supposedly secured against valuable works of art. Over 1,400 members of the public collectively crowdfunded the money using the now-failed peer-to-peer lending platform FundingSecure. In what is a truly remarkable story the art works promptly disappeared and the art dealer splurged the money,

FundingSecure face new threat over alleged ‘secret commission’ payment

Failed P2P platform FundingSecure faces a new threat of litigation over an allegation of a ‘secret commission’ payment. The ‘secret commission’ allegation is expected to be added as a counterclaim in on-going legal action listed for trial this Autumn. 

Court of Appeal hands down Judgment in key FundingSecure case

The judgment in the matters of FundingSecure and Mark Clarkson was handed down earlier today by the Court of Appeal. This followed a hearing on 9th February 2022 at the Royal Courts of Justice.

Henderson who??? Key FundingSecure case goes to Court of Appeal

A borrower who used the peer-to-peer lending platform Fundingsecure faces his multi-million pound counterclaim against its directors struck out as an abuse of process at the Court of Appeal.

Fundingsecure director Richard Luxmore created “false and fraudulent documentation so as to conceal” payments of £8.15m, court papers claim

Following lengthy correspondence, a cache of court documents was finally released in the matter of Fundingsecure Ltd v Mark Damian Clarkson, a claim currently progressing at the Business and Property Courts in Manchester.

Directions for FundingSecure Limited – Part 1

This was a directions hearing concerning the matter of the so-called Peer-to-peer lending company FundingSecure Limited (in administration). FundingSecure acted as an agent in the facilitation of loans between borrowers and often many hundreds of retail investors. In October 2019 the company entered entered administration leaving some £80m to 3,500 investors outstanding.