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Insolvency Service get it wrong again over Solar Cloth Co
The UK Insolvency Service has looked at the dealings of the Director of The Solar Cloth Company and decided that they do not warrant any action.
You may remember the SCC. It helped itself to loads of investors cash using false information about the founder and his previous antics. The story was well written up in The Times. It was a caste iron case of fraud - all helped out by the Crowdcube platform.
Now in letting this individual go, without any reprimand the Insolvency Service quotes Section 6 of the Company Directors...
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Tuesday February 13, 2018
Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.