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We are a group of effected companies , with over 1 million Pounds accumulated , held at ransom and know nothing at all on whats going on with premier FX Ltd in Surrey. We have contacted their accountants. John XXXXX LLP, they are saying nothing and claim to know nothing as per telephone conversation today.
Good morning. I will try to answer your questions but need more info -
Who are Premier FX?
what was the business?
Let me just tell you now that there is not going to be a quick fix here.
The company is registered with the FCA to provide payment services although that registration only took effect at the end of May this year.
Investors should be covered by the Financial Services Compensation Scheme but only up to £80,000.
I don’t know whether there is an allegation of fraud here but it could well be that the surviving directors are prosecuted for fraud.
I would be very surprised if this is not already been reported to the Police although it is probably likely to be simply referred to Action Fraud who to be honest, I have no confidence in at all.
I can see no harm in going to the press either.
For some reason, on the FCA register, the company is still shown as being active although the company’s own website simply says that they have closed.
There is already commentary in the press: http://portugalresident.com/client-meltdown-as-premier-fx-ceases-trading-and-%E2%80%9Cholds-on-to-client-money%E2%80%9D
on the latter link, there is a firm of accountants who have been appointed to deal with this.
I’m afraid that there is not going to be any magic solution to put you at the front of the queue of unsecured creditors along with all the other investors.
Just go along in person to the nearest police station although they may just tell you that you will have to report it online to Action Fraud.
The Police don’t seem to be investigating individual fraud cases probably because with the advent of the Internet, there are quite simply so many of them.