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LM Investment Management - Lack of confidence

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Volunteers have established The LM Investor Victim Centre, a public call for investor unity in our struggle against the culprits of the LM Fiasco.

The Centre is at

https://sites.google.com/site/lminvestorvictimcentre/


Please take a look and, if so inclined, support the goal of a 'Fair and Just Resolution for LM Investors' by providing a few basic details.

Victor John.
 
For Investors in the FMIF

It is my understanding that the Third Investor report by BDO will be available by the end of this week. Hopefully it will contain some useful info re Asset Values and resultant CPU figures
 
The third BDO investor report about the LMFMIF is now available on the BDO website, it makes very depressing reading!!!
 
dinga said:
After having struggled for what seems a very long time, a suggestion -please make it easier by including the link.....

http://www.lmfmif.com/wp-content/uploads/2013/12/2013-12-04-LMFMIF-Third-Report-to-Investors.pdf
Click to expand...

Hi again dinga, are you back in circulation taking an interest in the Forum you created? Sorry about not posting the link as I am not as computer literate as some others

If back interested in all this BS that's great, If NO I really don't blame you because there is no Positive news after 5.5 years of frustration and we clearly are going to get very little of our investment back at all (no real surprise)
 
A little oddity I noticed in regard to LMI. The Canberra Times has reported that the Aalto Apartments development has been sold as a result of LM Investment Management, the financial backers, going into administration.

Now from what I can ascertain, and I could have got the entire thing wrong, the previous developer was Aalto Apartments Pty Ltd which was registered on 4 August 2011 and located at SURFERS PARADISE QLD 4217 and I think the sole shareholder and sole director of that company was one...........well I can only make a guess.
 

Judd you are of course correct, the owner/sole developer is a P.D. company, BUT I think its more complicated than that as both the FMIF and the MPF had loans to this development. Questions have been asked about this and what was the sale price and who got the money from the sale. The answer to this may be in the next BDO report due in late Jan
 
In attempt to boost the number of investor supporters for the LM Investor Victim Centre's goal of a Fair & Just Resolution for LM Investors we are asking advisors to email their complete investor client list with the web address of the site and include the advisors encouragement for each investor to support the goal.

For advisors / intermediaries complying with our request we will publish their details on a 'Co operating Intermediaries' page at the web site.

If you'd like to help please alert your advisor to the call for co-operation by referring him / her to the 'Co-operating Intermediaries' page at this address

https://sites.google.com/site/lminvestorvictimcentre/co-operating-intermediaries

Thank you
Volunteer Victor John.
 
For the information of investors in the LM Wholesale FMIF where Trilogy is the RE

Trilogy has this day posted an update for Investors regarding the Wholesale fund, its dated 12 Feb 2014. I am reliably informed that the next BDO report #4 will be on the BDO website by weeks end
 
Fourth report from BDO, receiver to FMIF, is now out at:

http://www.lmfmif.com

It would be good to see some thoughts or comments on this forum concerning this latest report, or has everyone given up or lost interest?
 
Support for the LM Investor Victim Centre has passed the 400 mark representing over AU$34m of investors monies. A recent initiative to build unity and strength through a proposal to advisors has brought some growth although we'd like to see much more. Publications in Europe and Asia have featured the LMIVC with more to come. The LMIVC facebook community page has just been created. Its aim is to drive more traffic to the LMIVC site. Visitor posting is currently disabled.

One may visit the LMIVC here to stay connected and support the LMIVC effort and initiatives.
 
I realise that nobody seems interested in this forum much any more, but for information BDO has recently posted its 5th Report on the FMIF. who knows somebody may find it "interesting"
 
BFCSA: ASIC Profit from Crime

It does not appear that many victims are very interested anymore. At least not on this forum - has everyone moved to another one - LMIVC maybe?

Does anyone monitor the BFCSA website? They have revealed that ASIC may be selling its corporate registry and the value could be between 3 - 6 Billion dollars. BFCSA think that some of this should be used to compensate the victims of the Bankters Low Doc mortgage scams.
So why shouldn't LM victims demand compensation too? We are also victims of a useless body which did not perform its regulatory duties and protect investors from Aussie (and that bloody Kiwi Drake) financial scams.
 
Hi Guys,

LM Victims are not dead yet, my £60K loss says I will fight. I would like to get copies of the LM FMIF and MPF accounts for 2004, 2006, 2008 my take is that without new funding both schemes did not have the cash in to fund the ongoing scheme See .http://www.bfcsa.com.au/index.php/e...-scheme-city-pacific-gc-returns-were-illusory Can anyone help with copies? Just for information other than the Peter Drake (Ekard Loans) 13 of MPF loans were second mortgages most of them to provide FMIF and AIF with cash to pay fees and supposedly develop assets. Try researching LM Capalabra, Aalto, Rhodes did Wisemans need another Golf Course??? Regards

Pavlos


 

Hi Guys,

Anyone know who is looking after the Lm currency protected fund at present? I have lost track
 
Just in case anybody has not seen it the latest BDO report for the FMIF is available on the BDO link
 
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