Hermay Ltd to be investigated
A property investment fund operated by Hermay Ltd, claiming to have funds under management of £136 million and believed to be offering returns of 22% and upwards, is to be investigated following a complaint to PrivateProsecutions.org submitted by a Property118 reader.
A Google search revealed that others have raised concerns about Hermay Ltd. via the internet forum LoveMoney.com
If you have invested into the fund and have concerns or evidence to suggest foul play may be at work please contact PrivateProsecutions.org
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Rental guarantor fraud
Member Since November 2013 - Comments: 252 - Articles: 10
4:33 PM, 16th December 2014, About 11 years ago
Hermay Ltd is now being wound up by the FCA.
https://www.thegazette.co.uk/notice/2241738
Member Since December 2014 - Comments: 1
9:31 PM, 27th December 2014, About 11 years ago
Good evening Mark! I was recently scammed of all my savings by 2 people who go under the name of Reid Marsh Investment Manager at Hermay’s and Nicholas Robson. The account I transferred the money into was a Barclay’s account and Reid Marsh was, according to Nicholas Robson, `working for Barclay’s Bank in an important position; It was this information that I then agreed to invest the money with Hermay’s.
I am 74 years of age and the loss of all my savings has caused me considerable stress and financial problems.
I noticed on your website that Hermay is now been wound up by the FCA, which I contacted a few days ago and when speaking to them they didn’t appear to be aware of the situation with Hermay. I have contacted Barclay’s Bank and am in the process of sending an email listing all the relevant information. I also noticed on the Mary Monson website that if [Barclays has allowed an individual[s] to open a bank account without proper diligence and it has been used to defraud then the bank could be held responsible and liable for any losses incurred.
I would appreciate if you could give me any further relevant information that may help me to retrieve the money that I have lost.
Thank you Jacqueline Bullock
Member Since March 2015 - Comments: 1
2:31 AM, 1st April 2015, About 11 years ago
Reply to the comment left by “Jacqueline Bullock” at “27/12/2014 – 21:31“:
Any information on the outcome of the FCA hearing on the Hermay scam? I was also scammed by someone using the name of Reid Marsh. The other person had the name Richard Higgings. They said they were in the real estate business and were very convincing, particularly since the money had to be deposited to Barclays Bank and there was a Reid Marsh who worked there in a high position. I would like to find out if others are making any progress with recovering any portion of the money they “invested” in this scam.
Member Since December 2014 - Comments: 1
5:07 AM, 7th September 2017, About 9 years ago
I was one victim of Hermay fraud scammed by Reid Marsh. After reading the latest 2017 liquidators progress report, there is little money left for creditors after huge liquidators fees. I am considering challenging this high fee to High Court too.
I am inviting all investors or victims ( including Jacqueline Bullock and Juno Mayo above ) to email me at [email protected] for group action ( like private prosecution ) against Hermay director Hugh Edwards, afterall FCA had disqualification undertaking against Hugh for 14 years ban of directorships starting Dec 2016.