Richardson Hartley Law is examining a variety of ways to help victims.
Richardson Hartley Law believes that many Moneda Capital investors should be able to claim their money back via their banks. UK banks have a duty to protect their customers and the regulator requires them to reimburse investors if certain criteria are met.
While some banks appears to be honouring this duty, others are saying that while there is an ongoing investigation they are unwilling to refund customers. The Financial Ombudsman Service appears to be taking a similar stance and is currently rejecting claims, saying that the situation is too complicated to determine.
We are representing a number of Moneda Capital investors to get them refunded by the banks.
However, the bank reimbursement model does have some limitations in that investors can often only reclaim up to £85,000 and must have sent their money from a UK bank. We are aware that many investors were from overseas.
For all these reasons, in the meantime, we are currently investigating a group action for Moneda Capital investors to see if we can help everyone to reclaim their money through litigation.
We are currently signing up Moneda Capital investors to help them reclaim money via their banks and also for those who may be interested in the possibility of group litigation.