Fortress Capital Partners Background
Fortress Capital Partners Ltd was set up in 2015 and marketed itself as an unregulated investment scheme.
Investors were told their money would be loaned to businesses and that they would earn attractive returns from the interest paid by those borrowers.
The scheme promised investors annual returns of up to 18% and attracted funds from a wide cross-section of society, including high-profile celebrities, professional footballers, and members of church congregations. The scheme has since attracted a lot of media attention as a result.
Manchester United footballer Scott McTominay, Boyzone singer Shane Lynch, Gareth Southgate’s agent Terry Byrne, members of The Tab church in Lewisham (south-east London), and many private individuals -some of whom placed their entire life savings into the scheme. Many investors had been introduced to Fortress through trusted personal contacts, advisers, or community networks.
In September 2023, Fortress Capital Partners entered administration. Begbies Traynor was initially appointed as administrator. Following the collapse, administrators concluded that the scheme bore “all the hallmarks of a Ponzi scheme”.
| APPROXIMATE LOSSES: £18m owed to creditors at collapse | COLLAPSED Sept 2023: Went into administration | RETURNS PROMISED: Up to 18% per annum – unregulated | ALLEGED STATUS: Labelled a “Ponzi Scheme” |
A Metropolitan Police investigation is currently ongoing into the scheme. The Financial Ombudsman Service has also received inquiries related to the scheme.
How We Can Help
Richardson Hartley Law believes that investors who sent money from UK banks may be able to recoup their money via bank reimbursement schemes.
We have proven success in claiming back millions of pounds for investors in similar schemes.
If you have lost money to Fortress Capital Partners contact us today.