FCA warning against a scam property fund
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that:
Hermay Limited has been accepting deposits from consumers without our authorisation and we suspect it has operated a scam property fund claiming to offer guaranteed returns of up to 51.47% from investments made tangible property funds after a one year investment.
The High Court wound up Hermay on 15/04/2015 at FCA request and a liquidator has been appointed to investigate Hermay’s activities. The liquidator will contact affected investors to confirm if any money can be returned to them once this investigation is complete.
FCA’s experience with this type of scheme is that consumers only receive back a small fraction of what they invested.
Unfortunately, these consumers will not have access to the Financial Services Compensation Scheme if they suffer losses as Hermay is not an FCA-authorised firm.
Hermay Limited
Address: 1 Cornhill, London, EC3V 3ND
Tel: 020 7764 0725
Fax: 020 7764 0725
Email: info@hermay.co.uk
Website: www.hermay.co.uk
FCA strongly advise to only deal with financial firms that are authoresed by FCA.
Source: FCA
