Share this page:
Stay connected:
Welcome to the Citywire Money Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error

PPF Finance - PP Capital Source Limited
D Jones
Posted: 15 December 2016 18:10:30(UTC)
#1

Joined: 15/12/2016(UTC)
Posts: 2

The results are in for Mr Stamps flagship company PPF Capital Source Limited. He has total amounts owing bond holders $8,869,821.00.

Bond holders were told that they would have received loans against their bonds within 60 days of them paying bonds into Stamps companies.

In three years nobody has been paid back a cent. Yet from his accounts he has made many payments to his own companies as "costs" and "fees".

The auditor FMB has confirmed that the reported loss through the financial period up until Decemeber 2014 should be US$5,009,296.00 reflecting the net liabilities.

The auditor has confirmed that the accounts are not a true and fair reflection of what they should be.

I wonder how Mr Stamp is going to explain that to bond holders waiting for loans for the last 3 years. The company should be wound up.
+ Reply to discussion

Markets

Other markets