As we reported earlier this week, Swedish P2P lender, TrustBuddy, has ceased operations due to “questionable practices” by its management. The company was founded in 2009 and had been operating since then. investors have no recourse to the Financial Services Compensation Scheme (FSCS) if they cannot regain access to the frozen funds.
As we reported earlier this week, Swedish P2P lender, TrustBuddy, has ceased operations due to “questionable practices” by its management. Now we learn that all remaining capital (at least £21m) has been frozen and British investors have no recourse to the Financial Services Compensation Scheme (FSCS) if they cannot regain access to the frozen funds.