Marketing boss who sold toxic bonds for LCF provides same service for another firm

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Marketing boss who sold toxic bonds for London Capital & Finance provides same service for another firm

By City & Finance Reporter for the Daily Mail

Published: | Updated:

Paul Careless marketed LCF’s mini-bonds online and by phone

The marketing chief who promoted toxic bonds for failed London Capital & Finance is now reportedly providing the same service for another company.

Paul Careless marketed LCF’s mini-bonds online and by phone with claims they could provide returns as high as 8 per cent. 

But LCF is at the centre of a fraud probe after it went bust owing £237million to 11,500 people.

Now Careless’ companies Surge Financial and RP Digital are said to be performing the same service for The Capital Bridge – which offers returns of 9 per cent on three-year bonds – with fees of up to 25 per cent, according to the Evening Standard.

Sources close to Careless – whose Crucial Group employs Tory MP Johnny Mercer as a director on £85,000 a year – said the fees were typical.

 

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