FCA brings company to court for more than £23m in static home investment plan – Mortgage strategy

Financial Conduct Authorities have begun high court lawsuits against concept capital groups and others, with unauthorized consumers allegedly investing more than £23 million in static homes.

The city’s regulator believes that the London-based CCG invites investors to put cash into static homes and then is said to rent out the cash to social housing tenants placed in local councils.

The regulator added: “Investors were promised a fixed return and told the plan was supported by the UK government, claiming that the FCA believed it was false or misleading.”

It added that the company issued unauthorized financial promotions and made false or misleading statements that violated the Financial Services and Markets Act 2000 and the Financial Services Act 2012.

FCA added that along with CCG, Adrian Felix and Hig Company Gateridge Consulting, Ayub Swaibu, Edmund Brew, Ernest Kargbo and Raymondip Bedi and his Riverrun Consulting directors Ian Elliott and Hig Company Gateridge Consulting, Ayub Swaibu, Edmund Brew, Edmund Brew, Edmund Brew and CCG’s Riverrun Consulting all expressed concerns about CCG’s Breaches.

The CCG has provided the court with the impact of freezing its assets before the trial outcome or the court orders further.

Regulators say it is seeking return orders to support affected investors, declarations of violations and injunctions to prevent further violations.