Sunday, 7 February 2016

Is this platform misselling?

We were sent this email by an investor member of Investden on the 5 February. Investden is one of the newish equity crowdfunding platforms that have popped up recently.

Nothing wrong with it you would think. Until you look on the Investden site and realise that the pitch which they state here is on its last 12 hours has now been extended for another 8 days.

When is misselling not misselling?

This platforms claims to have teamed up with accounting giant KPMG - the same accounting giant that had four top level accountants arrested for fraud last November and were fined $465m in 2014 for criminal violations.

Sounds like a good fit.

It really is a bloody disgrace.


Last call to horse around with Michael Owen.

With only 12hrs to go until City A.M. Horse Alpha Co closes,ACT NOW to secure your place alongside Michael Owen in owning a percentage of a race horse for the 2016 season.


1 comment:

  1. Dear Rob Murray Brown,

    InvestDen takes issue with your suggestion of missellng in your blog posted 7 February 2016. The email titled "Last 12 Hours" which went out exclusively to our member club was correct at the time of publication and was fair, clear and not misleading. You fail to mention the subsequent email to our members which detailed the extension to this campaign. We subsequently extended the deadline beyond the last 12 hours, based on our discretion and in collaboration with the members of the Horse Co, and at the request of some of our members (as we are entitled to do pursuant to the terms).

    For the avoidance of doubt, the pitch closed (meaning that funds were prohibited from being taken ) in line with prescribed timeline of our last email to our members.

    You should really present all of the facts to your readers as in this instance you have grossly misrepresented the fact scenario.