Collapsed litigation funder named in FCA warning on loan-note scams

The FCA has cited collapsed litigation funder Woodville Consultants as a warning about the risks of unregulated loan notes, after the firm entered administration in July having raised capital from retail investors through the high-risk instruments. More from the Law Gazette.

Meanwhile, it’s been revealed that Woodville’s founders were seeking fresh capital through a separate vehicle shortly before Woodville entered administration, promoting Kairos Digital Loan Notes offering a 15% annual return to fund motor finance redress claims, in a development that has intensified scrutiny of litigation funding structures and high-risk loan-note fundraising. More from the Law Gazette.