MJS Capital plc (Colarb Capital plc since October 2018)

Update 27-Dec-18: Due to the numerous queries posted by MJS Capital investors on this blog, an Investor Action Group has been set up on Facebook to help them co-ordinate and share information. Unlike comments on this blog, posts on the group will only be visible to those allowed to join. Head to https://www.facebook.com/groups/mjscapital/ to join the group.

Update 10-Oct-18: On 5 October 2018, MJS Capital plc renamed to Colarb Capital plc. This article was published on 19 January 2018 when Colarb / MJS was known by its old name.

Below is the original article published on 19 January 2018.

— end updates —

MJS Capital offers unregulated corporate loan notes paying 5.85% interest for a one year term, 6.85% for two years, 7.85% for three years, 8.85% for four years and 9.85% for five years. Interest is paid out quarterly, or can be rolled up (which slightly increases the annual return).

The bonds can be redeemed early, subject to a penalty and provided that MJS Capital “determines in its discretion that it has sufficient liquidity to satisfy the request in whole or in part.” The penalty is 5% plus the difference between any interest paid out and the interest the investor would have received had they chosen that term originally. For example, someone who invested in an 8.85% four year bond and redeemed it two years early would have to pay [8.85 – 5.85 + 7.85 – 6.85] = 4%, plus 5%.


The investment is not openly promoted on MJS Capital’s website, but is currently being promoted by unregulated introducers. I easily obtained details of the offering without being asked to provide any proof that I qualified as a sophisticated or high-net worth investor.

Who are MJS Capital?

shaun prince
Shaun Prince, MJS Capital CEO and owner

MJS Capital’s website gives no details as to who is behind the company. The Information Memorandum and Companies House show that the directors of the company are Shaun Prince, Lord Timothy Razzall (Chairman) and Martin Westney. (Ajaz Shah is also listed as a Director in MJS’ Information Memorandum, but not on Companies House – he was appointed as a director on 15 May 2017 and removed as a director the same day.)

MJS is effectively 100% owned by Shaun Prince who holds 12,500 of the company’s 12,501 shares. The single other share is owned by a Stephen Prince, presumably related.

How secure is the investment?

These investments are unregulated corporate loans and if MJS Capital defaults you risk losing up to 100% of your money.

Investors’ money is used to invest in arbitrage trading in financial instruments.

Arbitrage is a perfectly valid way of making money, but the returns available are limited as any opportunity to take advantage of different prices on different markets will quickly be seized upon by other investors until the opportunity disappears.

If MJS Capital fails to make sufficient arbitrage profits to pay its bond holders up to 14% per annum, MJS Capital will default and investors risk losing up to 100% of their money.

The literature says that profits generated from the Company’s investments will be held in a designated Security Fund, which will be administered by a Security Trustee. However, the profits generated from the Company’s investments are being used to pay investors their interest and capital, so this offers no protection against the possibility that MJS Capital fails to make sufficient returns from arbitrage to maintain interest and capital payments to investors.

The literature says that Bonds are backed by a charge over the Security Fund, the Company’s cash balances, its trading contracts which utilise the proceeds of issue of the Bonds, and book debts arising from deploying the proceeds of issue of the Bonds.

The Security Fund we have already covered. If MJS Capital defaults, it will be because the Security Fund has already run out of money, i.e. profits generated from the company’s investments were insufficient to meet its obligations.

The company’s cash balance was £194 acccording to the latest accounts filed with Companies House (March 2016). (194 pounds, not thousands or millions).

Regarding the final two, given that MJS Capital’s business is to buy investments on one exchange and almost immediately sell them on another to generate profits from arbitrage, it is not clear what there will be to sell in the event that MJS Capital has insufficient resources to pay investors.

The company has an insurance policy of £10 million against the event that MJS Capital executes a trade not in accordance with its client instructions, and £20 million against operational risks such as fraud and computer viruses. Neither of these insurance contracts have anything to do with the possibility that MJS Capital fails to generate sufficient returns from arbitrage to meet its promises to investors.

Should I invest with MJS Capital?

As with any unregulated corporate bond, this investment is only suitable for sophisticated and/or high net worth investors who have a substantial existing portfolio and are prepared to risk 100% loss of their money.

Any investment offering up to 14% per annum yields should be considered very high risk (i.e. higher risk than a diversified portfolio of stockmarket funds).

These investments are certainly not  “a very low risk strategy for our investors” as MJS Capital owner Shaun Prince has described them.

Before investing investors should ask themselves:

  • How would I feel if the investment defaulted  and I lost 100% of my money?
  • Do I have a sufficiently large portfolio that the loss of 100% of my investment would not damage me financially?

If you are looking for a “secure investment”, you should not invest in unregulated products with a risk of 100% capital loss.


Shaun Prince, the owner of MJS Capital, took part in this thread on Moneysavingexpert.com as a verified representative of his company.

During this thread Prince made the frankly astonishing statement “The saying “if it looks too good to be true it almost certainly is” is no doubt a saying created within the regulated market to encourage investors away from investments offering higher than average yields.”

In linguistic terms, Prince is objectively wrong. The phrase “too good to be true” is attested as early as 1580, long before there was such thing as a regulated market.

Less pedantically, investors will have to make up their own mind whether the phrase “too good to be true” is a conspiracy to scare them away from high-risk loan notes.

In any case, this investment is clearly not “too good to be true”. It is a high risk investment with a risk of 100% capital loss, and the high coupon paid by the bonds reflects that.

In that thread, Prince claimed that MJS Capital would be listing on the London Stock Exchange in April 2017. However, as at January 2018 a search for MJS Capital on the LSE returns no results.

226 thoughts on “MJS Capital plc (Colarb Capital plc since October 2018)

  1. I think I have just lost my £20k investment, feel such a fool for being taken in and not doing my homework.

  2. Hi Jane. Could you elaborate as to why you believe you’ve lost your investment? I’m aware that MJS Capital has had “banking issues” recently but not of this progressing into investor losses.

  3. MJS Capital plc have just released latest set of report and accounts. They make for some very interesting reading and essentially upon further scrutiny suggest some alarming realities for investors. Report and accounts accessible for all via Companies House…………..

  4. You can never speak to anyone and they always fail to call you back. The my are always late paying interest payments stay away from them.

  5. I Asked for my capital back as an early redemption, contract states they have 30 days to return it. It’s been six weeks so far and nothing. They fail to reply to emails and telephone calls.

  6. I first encountered problems with this company with late interest payments from my three year bond, in January 2018, then again with the following payment in March 2018. Both of these payments were 11 days late.
    I also had a one year bond that was due to mature on 25th March. Numerous emails and texts passed between Shaun Prince and me. On four separate occasions, I received a personal assurance that the repayment of my bond would be completed on certain dates. Totally worthless and empty promises. Also, not one single word of apology with an explanation. To try and contact the company by telephone also proved to be impossible. It’s amazing the coincidence that the person you’re trying to call has just walked out of the office or just gone into a meeting. – But they will get back to you – will they hell!!
    I decided that if the June interest on my three year bond was more than one week late, I would then go for early redemption of the whole bond, as I no longer trusted MJS Capital and would fear for any repayment upon its maturity.
    There was no warning, no explanation and no apology, but interest did eventually come through one month late, but by then the negligible amount of confidence that I retained in MJS Capital plc had now completely dissipated and seriously calls into question not only their honesty and integrity but their ability to manage the company.

    Therefore, I decided to redeem my three year bond early. I was ‘assured’ that the monies for the early redemption of this three year bond would be in my bank account by 24th August 2018. I am still waiting.
    I have been contacted by other investors with this vile company who have been treated in a similar vein, thanks to previous post that I have put up on Facebook, which I was then asked by Shaun Prince of MJS Capital, to withdraw after threat of legal action.
    I am absolutely disgusted with this company, especially with the arrogance that they show their clients and I wouldn’t even recommend them to my worst enemy.

  7. I’m still waiting for my redeemed investment, investors should be considering making a class action law suit against this despicable company.

  8. The bonds are backed up by a security trust. You can’t lose your investment; but they do pay late, yes.

  9. Yes you can, if MJS fails to make enough money from its lending business to maintain repayments of interest and capital, and the security trust runs out of money.

    Only investors can decide at what point “late” becomes “never”.

  10. Brev is 100% correct – The security trustee does not GUARANTEE your investment simply conducts oversight to ensure payments are made in line with the IM contract which they are not, the security trustee will not make ANY payment of coupons if MJS fail to do so. What I fail to understand is why investors have not yet contacted the FCA directly to make them aware of the evasive behaviour of Shaun Prince, payment delays, non payments, non payment of redemptions as MJS Capital plc are under legal contract to meet their obligations to investors.

    If they are unable to meet coupon payments on time (under contract) let alone meet redemption liabilities it clearly demonstrates that the company does not have the financial ability to do so – I refer to my earlier post relating to the latest set of report and accounts submitted to companies house which all can freely view. Where has investor capital been deployed and SPENT?? If you read report and accounts – clearly states that MJS Capital have fundamental ‘issues’ with their trade partner(s) and if the ‘unspecified’ issues are unresolved they will not be able to repay investors starting with coupon payments and ultimately leading to loss of total subscription capital.

    Jo Hidderley if you have been contacted by Shaun Prince directly relating to your factual update posted on Facebook with the threat of legal action I suggest to you that a company IF fit and proper and in good financial standing would not need to resort to such threatening behaviour but please be assured as your posts are factual his threats are the actions of a desperate individual.

    Ultimately investors need to now start contacting the FCA and make them aware of their journey with MJS Capital and their defaults of payments under contract as the FCA are the only government agency that have the authority to investigate, intervene and potentially SAVE the investor capital that is hopefully left. A class action will take time and comes with direct costs – the FCA have more power and is FREE. Act now before ALL capital is lost. Shaun Prince you have the ability to explain your latest report and accounts here on this forum and if any statements are incorrect you therefore have the ability to factually correct. Interestingly MJS Capital are still very happy to take new investors capital and call NEW investors back upon request….?????? Is the new investor capital actually paying the MJS Capital liabilities of existing investors?????

    Shaun Prince, the forum is awaiting your assurances and corrections if any of the above is inaccurate.

  11. Brev can you please change this comments section so that it is easier to find for people searching for MJS reviews? you don’t see the reviews until you click on ‘make a comment’ .

  12. @Profit Hunter

    What I fail to understand is why investors have not yet contacted the FCA directly to make them aware of the evasive behaviour of Shaun Prince, payment delays, non payments, non payment of redemptions as MJS Capital plc are under legal contract to meet their obligations to investors.

    Because this is an unregulated investment and it’s not the FCA’s problem.

  13. Brev, quite right the investment is unregulated by the FCA on the basis that ALL investors are qualified as high net worth/sophisticated investors, however it appears reading the comments made by investors on this and other forums that most investors profiles and the amount of capital deployed into the investment are at levels well below the required trigger of £251,000.00. When entering an investment of this type investors need to be PROPERLY qualified as high net worth/sophisticated investors to meet the regulatory requirements of the FCA qualifying this investment as unregulated as all investors are of this high net worth/sophisticated profile which it appears many many are not. Therefore if an investor has been wrongly qualified as a high net worth/sophisticated investor and subsequently deployed capital into the investment then this is miss selling and correctly then falls into the regulatory capacity of the FCA who are obligated to then investigate. Ultimately the key is for investors to secure confidence that their investment is safe and the company running the bond is conducting all business properly. It appears that there are many investors who at best are receiving coupon payments late let alone redemptions so I’m simply outlining a course of action to assist as I have had 2 previous investments recently that have gone the same way which has meant I lost most of my capital. Its never a good scenario and at times as I have been there you feel helpless and so I’m suggesting ways that I have used to gain the certainty or not that capital is safe.

  14. @lost investor, your investment isn’t lost, i think it’s just cash flow issues. They can’t just steal our money. Contact the FCA as many of us have, they ARE going to investigate the complaints , i have been assured.

  15. Star Man – cash flow issues as you state should ring alarm bells?! Have you read their report and accounts submitted to companies house? If you read clearly states they have ‘issues’ with trading and if they cant be resolved then capital has every potential of being lost. Where has the capital been traded as IF outside of the UK then even more alarm bells should be ringing. Every time I try and ring them I can never get through so haven’t even been able to get the chance to discuss with them for simple reassurance?????

  16. Is that the St.James address as I visited 2 months ago and conveniently ‘ nobody’ was available to meet me or even confirm when they would be able to meet??? Seems like a general reception who have zero idea??

  17. I invested with MJS capital – a three year bond – I was encouraged to do so by another company. After a year they defaulted on the quarterly payments and I decided to redeem my bond. This was allowable to me. However, I have had nothing from them since. No payments, no redeemed bond. Phone calls from various people -from MJS? – telling me I would received my money, and a ‘payment plan’ which was to pay me back all my investment over a period of weeks. Nothing happened. I have applied to the Financial Services Ombudsman who say they cannot locate the company. I am sending them this information, if that is O.K. with all of you? I want my investment back.

  18. Heather it’s the Financial Conduct Authority (FCA) you need to deal with, they are aware of Shawn Prince and his criminal organisation, so contact them. Ask to speak to Mr. Alderman. Also notify Action Fraud, who deal with the City of London Police. I’ll be contacting them myself this week, too.

  19. Obviously a member of staff from MJS has been told to respond to our reviews, to try and salvage some dignity for Shaun Prince and his gang of conmen.

    MJS is taking money for bonds from people and not repaying them. Theft.

    The security trustee Solent House Ltd has since been instructed to take over the handeling of the bond interest and redemption payments, as MJS have failed. Hopefully investors will receive back their money soon.

    Shaun Prince is currently under investigation from Action Fraud (city of london police), the FCA and Trading Standards.

  20. “Investor” provided an email address with his comment which belongs to Dan Krout, an “office assistant” at Tempus Magazine.

    Tempus Magazine has promoted MJS Capital as a “low risk” investment in the past: see https://tempusmagazine.co.uk/news/the-simplicity-of-arbitrage-investors-bruised-by-recession-could-find-these-investments-to-be-a-safe-haven and further articles via https://www.google.com/search?q=site%3Atempusmagazine.co.uk+mjs+capital.

    I suppose that makes Dan more than qualified to talk about fake news.

  21. ‘IF’ you are running a fit and proper company then ANY suggestion that the company is not meeting its obligations to it’s clients particularly in the investment world would be met with immediate and positive action by the company to resolve to the benefit of the client and protect the reputation of the company. What I see here and on other forums (Money Saving Expert) is a tidal wave of posts from investors whom haven’t been paid by MJS Capital plc be it a coupon payment or return of their principal capital. The volume is concerning and blatantly demonstrates that MJS Capital plc has some very very serious issues.

    Surely either the FCA or SFO should now be investigating as the longer this continues the greater the potential loss to capital exists. I have seen the latest adverts from the FCA on TV where investors think they have placed their capital with a professional firm only to see the principals of the frim spending their investment on holidays, parties and cars!

    Investors need to take action so the correct authorities can investigate and properly uncover the current state of affairs and identify where investor capital is being spent?!

  22. Thank you, Star man, I have contacted Action Fraud. I will contact the FCA now. Keep my fingers crossed, for all of us.

  23. Apparently investors have approached the security trustee, Solent House ltd. having been told by an agent that they will be salvaging the whole debarcle; only to be told (by Solvent House) that they can’t help because they don’t have a bank account!

  24. Indeed. I think they only route remaining is to take them to court for breach of contract now. Enough is enough.

  25. So Shaun Prince has taken the formal step to change the name of MJS Capital plc to Colarb Capital plc at companies house?? Is this a direct, amateur and obvious attempt to try and loose/subvert ALL of the past feedback from the tidal wave of investors whom haven’t been paid coupons and redemptions??

    Be assured we all need to update forums to ensure this obvious and nefarious attempt to ‘loose’ the tail of destruction MJS Capital plc and Shaun Ponce – sorry Prince have left in the wake does not go unmissed, un-identified and lost in terms of the disgusting way he treats his investors.

    Watch this space Shaun Prince, your new Director appointed recently has a very interesting past. I will post full overview shortly. TBC

  26. according to company’s house Colarb holdings was incorporated in December 2017 by Shun Prince? is that the one you mean?

  27. I am in the same unwanted position with MJS. In terms of the ‘agents’ who promoted MJS investments/ re-investments, how culpable are they? Seems they are as helpless as everyone else.

  28. I’m still confident that mjs will be paying investors back, i wouldn’t worry too much – easier said than done yes, but i’ve been assured that they are taking steps to sort out the mess before the year ends. Yes Direct Proerty Investments have been miselling products it appears.

  29. aggreavedS: In terms of the ‘agents’ who promoted MJS investments/ re-investments, how culpable are they?

    The answer to that depends on whether your “agent” was an FCA-regulated adviser or an unregulated introducer.

    It seems to have been mainly the latter which promoted MJS, so I will proceed on that basis. Promotion of this investment was illegal unless you were a high-net-worth or sophisticated investor, which has a specific definition. Getting you to sign or tick a statement that you were HNW/sophisticated is not sufficient (COBS 4.12.9 onwards).

    Whether you have any chance of redress from your “agent” is doubtful, because they may not have sufficient assets to compensate everyone to any meaningful degree. If however your agent was an FCA-regulated adviser then what I have just said changes dramatically.

    star man: I’m still confident that mjs will be paying investors back, i wouldn’t worry too much – easier said than done yes, but i’ve been assured that they are taking steps to sort out the mess before the year ends.

    MJS and its agents have been assuring this and that since at least March 2018. I can’t tell investors what to do but for the sake of your mental health you need to decide where the line is. Worrying about whether you are or aren’t going to see your money again indefinitely isn’t good for anyone.

  30. Thanks for that. I have read comments regarding SFO/FCA investigating the company. Is this confirmed or verifiable at all?
    Regarding the ‘line’ which is too far, surely early redeeming of capital seems a no-go also in the present situation.

  31. So , I am unable to get through to anyone at MJS/Colarb , phones gone dead last 2 days, cant get hold of Shaun , no-one replying to emails.. I too am very concerned about investment and want to cash out. Any insight anyone , how do I make contact and sort this out ?

  32. from what i understand, having
    spoken to both the security trustee and Direct Property Investments, they aim to have sorted their banking issues out before the end of this year so hopefully there will be light at the end of the tunnel soon.

  33. … but i’ve still reported them to action fraud, who are looking into it, you should do the same

  34. Star Man is better placed than I to comment as he is an investor and I am an outside observer.
    My view nonetheless is that this is an unregulated investment which has been unable to meet its obligations on time for at least six months, and if it can’t maintain staff to man its phones that doesn’t say much for its ability to repay investors.
    I would suggest assuming your money is gone and treat anything you recover as a bonus. Sorry.

  35. Stay away from Direct Property Investments, Altrincham. These are the people pushing these unregulated investments. Many of the companies they represent have folded and investments lost.

  36. Fact – MJS, Colarb, etc, the majority of investments went into a debenture managed by Darby Angel, Dubai, (of course lifestyles need to be maintained)

  37. This company seem to have disappear as no one can contact them and I think its time investor come together and demand our capital to be return

  38. That’s fine in principle but I have to add that both direct props and MJS themselves are ‘singing from the same hymnsheet’ and insisting reorganisation will put everything right ?
    Who would the main contact be if such collective action were started?

  39. aggreavedS

    the main contact is shaun prince. but don’t ware your time, he has zero customer relations skills so won’t contact you. start by contacting the fca , then the financial obundan who will give you a decision in your favour, where you go after that is up to you

  40. The Financial Ombudsman will not give you any decision in your favour as this is an unregulated investment. Unless you were advised to invest by an FCA-registered adviser, or held MJS loans within a SIPP.

    In which case your complaint would be against the adviser/SIPP firm, not MJS.

    There is a potential complaint against Barton Brown Limited due to their role in approving the investment literature. See my articles on Independent Portfolio Managers. I may write more about that at a later date but I believe it would be premature while MJS is still an actively trading company.

    Investors considering enforcing their debt against MJS / Colarb need professional legal advice.

    What kind of reorganisation is proposed and how will it make money available to repay investors?

  41. I don’t enjoy dashing the hopes of investors, but complaining to the FOS about a company outside their jurisdiction isn’t going to help them.

  42. Hi I’m a journalist at the London Evening Standard, would any of you like to talk to me about what’s happened here please? You can reach me on twitter at @ArmitageJim

  43. hi jim i’m unable to email your twitter – don’t know why … do you have an email address, i’d love fill you in with all the gorey details and help to write an exposé about MJS Capital , Shaun Prince

  44. In Response to Concerned:

    There are a considerable amount of issues surrounding this comment and strangely given that the name of Darby Angel etc has been brought into suspect a form of collaboration with MJS/Colarb is pure fiction. More to the point there is definitely, certain issues surrounding this relationship on a legal basis, but not in favour of any collaboration. More to follow:

  45. Hello all, my name is Trevor, we are a private company based in the UK and we have been tasked with gathering details on the investments made to MJS, we would like to speak with any investors willing to provide information with a view of taking legal action against MJS/Colarb.
    I have left my email with the administrator should this be something any investor wishes to discuss, I would hope the administrator would be able to assist in providing this to any interested party.

  46. In Response to Jim/Staman message:

    Trevor here, I would be willing to discuss in depth of what out team has already found on this company and happy to share. as with Staman, I believe what information we have could be of assistance with the expose.

    I have sent you an email ref MJS/Colarb and crew.

  47. I don’t know who Trevor means by administrator, but I haven’t received any email contact from him.

    Due to the prevalence of “fraud recovery fraud”, no details of any company claiming to assist investors with recovery action will be provided on this site unless they are SRA-regulated and I am 100% satisfied of their bona fides.

  48. Anyways….back to Earth. Anyone heard whether MJS/ other name have secured third party payment agent in Bank of Ireland (time frame was given as some 3 weeks, now times-up! again.)

  49. Prince seems to have gone to round. Even Solent have similarly gone to ground. All numbers “not recognised”. If Solent are bona fide Security Trustees they owe a duty of care to the investors and should be pressing for payment of interest etc. and at the very least keeping investors fully and properly informed. Otherwise they risk investigation by the FCA.

  50. Brev – fully understand your concern. I will send an email to you so we might speak, Trevor.
    Starman, why is Trevor a dodgy name? but i see the humour.

  51. sorry trev, my school boy humour again. do forgive me. let’s get the the ball rolling if you can get our money back from thieving shaun prince.

  52. hi all i am new to this forum but i also have an investment with MJS Capital it is a three year bond.
    as you people say never an interest payment on time so decided to cash the bond in in april this year sill not got my bond redemption money.
    they agreed a 12 week payment plan in June received 1 payment and nothing after that i contacted FCA and they told me they could not deal with this because MJS are not regulated by them.
    i managed to keep in contact with MJS with difficulty and kept pestering them so i received another payment on the 6th November 2018 but no word of when the bond was going to be paid out in full.
    I have tried for 2 days to contact them but with no avail this time.

  53. In case anyone is wondering, “Trevor” has still not emailed me.

    MJS Capital investors are recommended to be on their guard against fraud recovery fraud, and only deal with reputable SRA-registered solicitors if they want to take the risk of pursuing recovery action.

  54. we are having trouble with mjs -colarb carnt get our money back we have contacted a solicitor we had two bonds with mjs colarb went on payment plan got half the money back we got the remaining money back after solicitor took it up we have another dew on the 3rd december i am not holding my breath

  55. I also am in the middle of taking them to court too, we are considering whether to file for winding proceedings I’ll see how they respond. It’s with the small claims at the moment. If i don’t get my money soon, I’ll make sure sure Shawn Prince never makes another penny from bond investments, I’ll make it my life long duty to follow and expose him on social media and blogs like this.

  56. :mjs is a very very bad coumpany.we engaged a solicitor event he couldn’t get any response from them but he did get the money owed to us we have another bond jew in December I won’t hold my breath this is the worst company we have every delt with we took them out in good faith through abroker called property direct thy are as bad we trusted them don’t toutch any coumpany that is not regulated we learned the hard way

  57. They are a con . I am feeling stupid for having fallen for their multiple levels of “guarantee” in the bond . .
    Not received any interest payments .
    They were very suave and polished when you talk to them .
    I don’t get any responses back now .
    Initial excuses were banking issues with Solent House(security trustee as per the MOU but not any more as per their director Sue Rhone) and Sue Rhone their director wrote to me to say that it’s because of solent house’s issues with banking that MJS (now Colarb Capital ) are not able to pay . Most recent email from this ” FCA authorised payment house ” is that they are no longer security trustees to MJS/Colarb . So effectively a bunch of crooks ,no communication and the money I “invested” (£50,000) is likely lost.
    Just to warm others to not be naive and not “invest ” with this con operation .

  58. It’s not must investors. I’ve been retained on behalf of some very senior management to pursue them. Terrible situation for consumers ONCE AGAIN!

  59. Sorry, I’m a specialist lawyer in financial services. I was doing some research and came across this site. Bit astounded by the comment re: if it’s too good to be true. Apologies if businesses are not allowed here…

  60. I’m looking at a slightly different way to go after them for the simple reason that i think ‘money’ they have had into the bonds may no longer exist … that’s an avenue that I specialise in and have done for the last 10 years, specifically because there is no point going after a company that no longer has any assets or property in it … where there is another angle I WILL FIND IT

  61. @jane, happy to hear this. Please ask Brev the administrator of this blog for my email address should you require any information from me, as an investor. also please could you update this site with any developments?

  62. Hi there I’m not sure how to ask Brev anything lol as regards investments, I’m pretty sure the business is going to be defunct whereby no assets. So if people are wanting their money back it will have to be through alternative methods

  63. A link to the contact page is at the top of the article.

    I am more than happy for people to post in a corporate capacity, it’s only when they invite investors to contact them off-forum that my guard is up, due to the prevalence of fraud recovery fraud.

  64. Hi Brev I now get you. To be clear, I am an unregistered barrister and not a solicitor. Instead I have a claims management firm offering specialist legal skills. I didn’t mention anything per se as I am not regulated by the SRA, instead regulated by the MOJ. I am also knee deep in work at the moment, but suffice it to say, what I’m reading on this company is very, very damning and something with which I’m familiar unfortunately

  65. So you would presumably be the same Jane Sanders who represented the directors of Knightsbridge Financial Management, after they lost millions of their clients’ money in unregulated investments.

    Poacher turned gamekeeper?

  66. I am indeed. I also whistleblew on FOS. Everyone in the country is entitled to the very best defence and I’m afraid the press weren’t totally fair. However, I can understand why people would have an issue. I specifically choose to provide access to justice for anyone who needs assistance because they are innocent until proven guilty, and I am not judge and jury – thank god.

  67. on the reverse of that, a fund went down involving losses of around £18M and by working WITH the IFA and the clients, but representing 100 clients back I got them back £4.5M of their losses. So it entirely depends how you present the argument in my view

  68. I’m a lawyer, now retired. Of course the maxim about investments looking too good to be true frequently holds because as we are finding out this is a very high risk investment.
    In these cases, be very careful of individuals offering to get you your money back by paying a fee upfront. These are scams.
    My view is that some form of specialist class action through a properly qualified and practising lawyer might be the only course to save everyone running up individual legal bills. If the company has little or no assets then there is obviously practically nothing there to get hold of. Was there any form of security held or even a bank guarantee? I don’t think so.
    We do not know if the company are still trading (although I don’t think so). Cases on the basis of fraudulent misrepresentation in the original memorandum can be difficult to prove.
    There might be recourse against the person influencing someone to invest in MJS in certain circumstances. I am very interested in the views of others.

  69. So Jane, should we, in your opinion instigate a class action against Colarb? If so, are you able to start the ball rolling?

  70. I agree that you all need to be very wary. The very fact that I am unregistered means I do not have the right to practice as a barrister, or conduct reserved activities as my qualified colleague can tell you. BUT I can tell you now, I am retained by very large businesses and investors involved in £100m plus UCIS funds, and there are many ways to skin a cat.

    A class action in of itself involves litigation costs and I too am very, very wary of running litigation risk i.e. the risk of losing and having to bear the other side’s cost when the business, at first glance, does not appear to hold assets per se. My vocational training as a barrister rammed home that you do not pursue an impecunious defendant i.e. a party without funds. It is a waste of effort, stress and anxiety to you all, and it does not lead you to the end result; your money back.

    BUT there are ways to pursue this subject to having more information, which can be handled on an individual basis with awards made for each IF applicable, and again subject to information, or on a group litigation order (GLO) basis where everyone clubs together.

    I must also stress that whilst I may not have standing to take cases to court as a practitioner, if there is ANY alternative to litigation I will take it, and i believe there may be in these cases. No quick fix, it will take many many months to bring anything to fruition and there is no guarantee of success. BUT I do believe there may be scope to help and I would be happy to give a consultation if there are a group of you that can convene at a mutually agreeable venue.

  71. There seems to have been a history if some getting payment and others getting promises but little or no payment. As a result of not paying the interest timeously MJS are in default rendering the whole amount invested due. Jane is correct in saying that suing a virtually penniless individual is a waste of time and money. The role of Solent should not be overlooked. The FSA may be very interested in some of the statements made by them. They could be deliberately false or misleading.
    We will not make progress merely contributing to blog of woes and wisdom. There has to be a solution found to progress matters.

  72. FCA are reactive, not proactive. I was involved with the Connaught Income Fund and have been for years and the FCA had to be investigated before it would move. This is far too new to expect regulatory intervention at this juncture. Furthermore, they are unregulated and if the FCA discover that they are conducting regulatory activities they can move to petition to wind them up. Still that gets you no closer to any funds. Hence I said there is likely to be a workable strategy but as I’ve not been instructed by an investor yet I can’t tell anyone whether there is scope to apply it for everyone. As regards the difficulty in payment, I am told that it is due to banking. However, my professional instinct is that IF there are cash flow difficulties it is because there has been a run on redemptions which tends to happen when someone gets wind of inappropriate behaviour … but there is no point being due to pay if the funds that are supposed to be there are not. Hence I would never look at these guys, though there may be an appetite to freeze assets IF there is evidence that they have done anything untoward. Only way to find that out is to either create a liability with a mechanism attached that can force them down, or invoke regulatory intervention. Either costs money and the first hurdle is getting seed money to move this on.

    Lastly, does anyone know how much investment has gone into the company? Who distributed it? To how many jurisdictions etc….?

  73. I’ve currently got a case open with the financial obundsman against Solent. Your right about to-ing and fro-ing on blogs, I am willing to get involved in any way I can, but I think it would take the know how of a professional (or retired professional!) to start the ball rolling …

  74. I agree, and as a former adjudicator at FOS, you will not be permitted to have your cake and eat it i.e. you will not get your money back from them and double up following any other avenue. It is easier to bring about a group litigation if there is a group obviously, and it is also easier to leverage the authorities if there are numbers hence my request for information i.e. how many are affected, how many are looking for a remedy or advice and/or how much money has been invested. In addition, do we know how many parties were involved that actually gave advice because THERE lies some leverage if I find one inside jurisdiction although you will undoubtedly have to look at the size of their capital reserves before busting them. Happy to take a look – am I permitted to put my email here or is that contrary to the rules?

  75. Just to add more to the mix, where do we stand if the company promoting the MJS bonds (namely Direct Property Investments) did so after they knew that MJS were failing to pay investors on time or not at all? It’s all about dates I suppose.
    Furthermore, Solent House are still maintaining that they are awaiting funds from MJS so as to commence with payments????

  76. May I enquire as to the date of your letter. My conversation was only today. Someone is lying!

  77. I’ve made contact and I’m afraid even if they try and disassociate themselves that doesn’t work. They can run but can’t hide ….

  78. @aggreaved I do apologise, the letter doesn’t state that they are no longer security trustees, I’m getting my wires crossed. I’m trying to attach the letter here but I don’t think it’s possible to ad attachments

  79. aggreaved I can email you the letter from them if needed, it’s their response to my complaint as required by the obundsman in prefer for them to begin an investigation

  80. My wife invested in a bond with mjs capital,she was sold the bond through direct property investments she was told that this was a good coumpany it was only when things went wrong that she looked into mjs through company house that it was not but we were told at the offset it was and thay must have known this

  81. Hi Jane,

    Could you email me a contact number for you using the “Contact” form above as I have a few questions. Afterwards I will be happy for you to post your email.

    To answer the questions you raised: I haven’t come across anyone taking out MJS Capital bonds with regulated advice. Doesn’t mean nobody did, but so far I haven’t seen any. Direct Property Investments is the name that keeps coming up as the introducer; they are unregulated.

    Shaun Prince claimed that £20 million has been invested which I would take with a pinch of salt. MJS Capital’s last accounts show creditors of £12 million as at September 2017. They could of course have taken in another £8 million since then, but Direct Property Investments have promoted other companies’ unregulated bonds rather than MJS Capital for the past year, and it seems likely that inflows into MJS have largely dried up.

  82. hI all. Just to throw my hat into the ring. i’m still waiting for my overdue quarterly interest payment and have been updated by the rep from Direct Property that “banking issues” for MJS are causing the payment delay and that this will be resolved before christmas!!!!
    I like the proposal from Jane to perhaps take things forward on a group basis, if there is anything to take forward.

  83. Without wanting to scaremonger, I am staking my reputation on the fact that this could be viewed as a Ponzi scheme. The run on redemptions precipitates liquidation and time and control is lost whilst investors are fobbed off. In the background they are frantically trying to get enough money even partial payments to keep you from complaining. As far as I am concerned you have cause to complain now

  84. In March 2017 I paid £50,000, which was my life savings following my retirement from nursing, into a 3 year Bond with MJS/Colarb Capital. I have been trying to recover this from MJS since February 2018. Despite numerous promises, a payment plan agreed by Shaun Prince has not been honoured. I have received small irregular payments amounting to £18,000, but for the past few months Shaun Prince has ignored all my attempts to contact him.

    I am pleased to know that other people are willing to take action against Shaun Prince and hopefully to recover the money they invested.

    I wondered if a different avenue to go down might be through Lord Razzell, who helped set up and was the Chairman of MJS. Although he claims not to be involved with MJS anymore, he might be more influential in putting pressure on Shaun Prince than the threats of Legal action, which Shaun Prince does not seem to respond to.

    If enough people are considering taking class action or signing a petition to present to Lord Razzell, I am happy to be involved.

  85. Jane, if you are correct about Ponzi, and I have no reason to doubt you, who in this instance are culpable, legally speaking?

  86. Lord Razmtaz is just as dodgy as Shaun Ponce. I emailed the House of Lords to his email address and was just ignored anyway

  87. Aggreaved hi. Lets say I am right. The specialism that I enjoy most is knowing how to find ways to bring parties to justice. My gut instinct without looking too far yet is that I can possibly get liability imposed on all parties involved. The strategy has to be dealt with going to the most direct, cheapest access to justice which is money. Where FOS can be involved I will ALWAYS use it not only because I worked there, but because I don’t have to adhere to the rules of evidence that are in place in court i.e. it is easier to manipulate the system there. If they conducted the activities I can ARGUABLY get them there. The more numbers we have the more likely it is that I can get a test case run, the more numbers i have the more likely it is that I can move the Regulator to act and help me help all of you. Leverage is a very powerful thing in such cases. Numbers also speed a process that can be so, so painfully slow though

  88. Good evening again
    My name is Jane Sanders. I run JSCS (a trading name of Dalemount Limited). I am heavily involved in financial services, both on the consumer side and on a corporate basis, and trouble shoot where I see an opportunity to one, follow the money for clients, and two, earn a living.
    I have a network of close working relationships with: a global restructuring firm and Insolvency Practitioner, two firms of lawyers in the UK, and have worked with Anthony Spaeight QC on one of my earlier cases.
    I believe that I MAY have a strategy that can help and I certainly do not believe that going it alone will aid you although IF you have a claim through FOS you can try this yourself at no cost. However, I will point out that if you lose I can’t then step in.
    My email address is: jane@jscs.org.uk and my business number is 01424 855446. Response times are adequate during the day but my own response times are a little slower as I am in serious demand after a recent report by the BBC, whereafter I am launching actions for around 600 consumers amidst what is likely to be a smaller scale PPI scandal.
    Brev has very kindly allowed me to put my details here, but I have to point out that the ONLY way to actually get anything done in a cost effective manner is to put together a case file and let me see. There will be a charge but assuming that the cost can be split between lots of you, it should be nominal for each of you.
    However, the outcome will likely be an opinion that can be used to set the bar for actions for each of you which I would imagine can be addressed on a no win no fee.

  89. Jane, As an ex-bond holder, who eventually managed to get all my investment, interest and court costs returned (I went down the online court route and then threatened to submit a CCJ, which they didn’t appreciate. Especially when I sent them an email with a screen shot of the actual CCJ submission form with the submit button highlighted in red!). Sorry…..I diverse.
    What I really wanted to know is why you have the same phone number as ‘The Three Chimneys Nursing Home’ in Bexhill-on-Sea?

  90. Based on her email to me I believe Jane accidentally switched a couple of digits in her phone number. I have taken the liberty of editing her post so it should now be correct.

  91. If anyone who has an issue would care to drop an email we can have a look. As for my faux pas? ???? Jet lag and the fact that my team normally handle these things lol

  92. All
    Trevor here, apologies for my absence.
    Brev, before you dismiss or even decide to delete this, I would suggest that you contact Jim Armitage who recently wrote and published the article on MJS and Razzle, he will be able to verify who I am.
    I am acting on behalf of liquidators/creditors in an action against MJS.
    Should anyone wish to pursue MJS further my number is [*beeep* – Brev], please feel free to call, sms or leave VM and I will get back to you.
    Also happy to meet face to face and for those out of the UK, in the MENA, ASIAPAC region we can organise alternative communications for you.
    I am here to help, not hinder.

  93. Brev, icmc
    Trevor here, please feel free to reach out to Jim. alternatively call me on my office number
    [*bzzzt* – Brev]

  94. Trevor, interesting. Are you a claims management company or ALS company? I only ask because you have said you’re acting for liquidators and creditors, but the company is NOT yet in default. Secondly I’m curious as to why you are promoting the taking of a class action against MJS when everything I have seen tells me that they are impecunious. Not trying to start a war, I’m just very pedantic about such things when I’ve already got 600 clients on my books that have been well and truly ripped off and people jump on anything that looks like it might help.

  95. Jim has given me some assurance regarding Trevor.

    Trevor, what exactly are you looking for from investors? Information, business, fellow litigants in a group action, or something else?

  96. Lol I’ve no idea what that means but the fact that I just had the privilege of coming across a man who has taken it upon himself to put his own time into educating consumers to ensure things like this don’t happen again means I’m in his camp too. The project I’m on at the moment happened when I met another Brev, and one BBC campaign, some recording and 5468 people later, we have an action strategy in place – and I’m half dead hehehehe

  97. To Trevor and others.

    As stated MJS are not in liquidation so “acting for the liquidators” does not sound at all right. If I’m wrong, who is/are the liquidator(s) and when and how were they appointed?
    If this company are truly in liquidation a completely different scenario is before us.

  98. I work with a world class IP. And I know they aren’t in liquidation. A creditor arguably only becomes a creditor when the company goes into insolvency as they are investors UNTIL the liability falls due

  99. But this is WHY I said yesterday that technically speaking IF the redemption has not been paid your liability falls due and thereafter you have the right to enforce …

  100. Hello Jane, I have been following your thought patterns. May I please send you a copy of a letter sent to me from direct properties Ltd from solent house to MJS. It may clarify why people are both confused and frustrated?

  101. Absolutely! But I should also advise that I’m instructed by a member of the board of said company who has just confirmed i can release that info here. So I have more than a little info myself to shed some light on your letter. Jane

  102. Jim didn’t have sufficient information to verify Trevor to my satisfaction.

    Pending some clarification as to the very good questions addressed to Trevor I’m removing his contact details.

    Due to the prevalence of fraud recovery fraud investors should exercise extreme caution with anyone who approaches them offering help.

    Even when they are legitimate – and I am happy Jane is – there is the risk of throwing good money after bad.

  103. I’ve now spoken to Trevor.

    A general comment: I don’t recommend that investors hand over £X,XXX to anyone thinking that it will get their £XX.XXX back, even if those people are completely genuine. That is a recipe for disappointment.

    Worse, it risks exacerbating your losses, because sometimes the biggest loss isn’t the money, it’s the time you spend obsessing over it after it’s long gone.

    However I also don’t intend to stand in the way of investors looking to co-ordinate and take what action they can.

    This is why I’ve allowed Jane to leave her contact details up. I am also happy to repost Trevor’s phone number which is +44 07930 668 141.

    I cannot endorse anyone, all I can do is say I’ve spoken to them and they didn’t present as an obvious fraud recovery fraudster.

    Trevor is, as I understand it, a representative of a creditor of MJS Capital. I believe the reason he referred to a “liquidator”, despite MJS Capital not being in liquidation, is a lack of technical knowledge. Hope he won’t mind me clarifying that point.

  104. I don’t want to join Facebook. Is there an email site that can be used for investors trying to co-ordinate action against Colarb?

  105. Yes of course. You can reach me at jane@jscs.org.uk and Brev and I will liaise.

    Also, to all of you that have written to us since I first joined this site, I am reading your initial responses and will revert ASAP.

    Best and happy new year


  106. Hi
    same here guys,
    feel so stupid.
    requested redemption 14th September, still nothing,
    DPI still insist that nothing is amiss and the money will come.
    When i made the original payment, it said it was going through a company called NCM.
    I emailed them last week asking if they have record of the payment, and can they help in contacting MJS, and this was their response:
    “I am afraid we have not acted for MJS since Spring 2017. No monies came through NCM and the account you transferred money to was in the name of the Company. We resigned as the sinking fund had not been established as stated in the IM and we were not confident in the responses given by the Company as to the ongoing delays with this. The Company assured us they had notified all bondholders of the change in trustee and we understand the new security trustee to be Solent who you will be able to find on the FCA register. We did meet the principals and no reason to believe the Company was a fraud (and understand bondholders have been paid their interest as had other enquiries ) but you should, of course, carry out further investigations to give you the comfort required. The last telephone number we had for MJS was 02082421993 if this assists. ”

    Anyone got any advice?

    Please make sure that if any court case does happen then i am included as well…

    Thanks all for not giving up!

  107. just for the records, it seems that in the past week or so the domain ‘@mjs.capital’ has been deleted. thats what i was told when emailing them.
    but i suppose even the @colarb.capital didnt get me any kind of response.

    has anyone got phone numbers for any of these guys?
    i got the number for adam smith (supposedly the accounts guy at MJS) from Solent House, but he never picked up or responded to my calls or texts.

    A lot of people sound like they have got somewhere in getting communication from them, and they have payment plans promised…i wish i would at least have that, even if they might not stick to them. now i got zilch…

  108. one more thing:
    when raising a case with action fraud, which i tried to do last week, should i be stating DPI as the fraudsters? or MJS?
    DPI keep saying they are just the salesmen and its not their responsibility to get me my money.

  109. Come over to the action page. We are just putting together a plan to move forward. Do NOT FEEL STUPID. I am of the firm view that this involves fraudulent activity

  110. I hesitated to get involved but the time has come. I resigned from Direct Property Investments in Altrincham approximately 10 months ago after it became clear that we were no longer working with the best interests of our clients. The boss (Richard) when questioned as to the legalities of this very investment turned on me and said I have to do my job and get clients or leave.

    I took the latter option and left the company. So many of the clients are losing out and this is because the company Direct Property Investments is putting there desire of earning commission before the priorities of the clients. https://direct-property-investments.co.uk/ is the website. I am currently in talks with the FCA providing all information about key members of staff and the inner workings of this scam investment company.

    Richard is the boss but he is not on the company at companies house. Very shady operation and will wreak havoc everywhere they go so long as they pick up the commissions.

    When I questioned the wrongs, I was told to shut up and get on with my job.

  111. Write Direct Property Investments, not DPI so when people google their name it comes up here and they can see all the negative review about them

  112. @direct property Investments – well done for whistle blowing DPI, hopefully we can bring them down with your evidence of fraud given that the Fca have accepted your action. Please keep us all informed of any progress

  113. I worked with 277 investors in the Convent Shroud who had similar problems with the company that ‘introduced’ them to the investment. Unregulated businesses are not beyond the ambit of the FCA but the speed with which these things move is a problem. Also tread with care regarding whistleblowing. I have done. But I used the press not a regulator. We do not treat our whistleblowers as we should, yet!

  114. Are the high street group loan notes a scam too?

    As with MJS Capital they are a high risk unregulated investment with a risk of up to 100% loss, and suitable only for sophisticated and HNW investors as a small part of a diversified portfolio.


    Why would someone register an account and post as “Direct Property Investments” when they quite clearly are not that entity ?

    This may give you cause to treat the rest of their posting with a degree of caution, if not scepticism, as it contains a number of unsupported claims which we would dispute.

    Direct Property Investments is working very hard to represent the interests of all investors that it introduced to the MJS Capital Bond. We are not the provider of this investment, and we are not responsible for MJS Capital (and now Colarb Capital) failing to deliver on the promises made to investors in the Investment Memorandum for the Bond.

    Nonetheless, we will continue to support all of our clients as best we can until this situation is finally resolved.

  116. Rubbish coming from Direct Propery Investments. It’s a known fact that you have been selling high risk financial products to naive investors, who are clearly NOT legally qualified: not high net worth, not sophisticated investors. Even after MJS were defaulting making coupon payments, you were still pushing there bonds to the public.

  117. Here Here! I’ve been banging on about this for ages now……firstly they knew mjs were a bad risk and secondly, solent house were the security trustees at the time of defaults , therefore liable.

  118. Hi all , I too have issues with MJS , I have emailed Jane. In short I was speaking to Shaun up to end Nov and as expected he was stating that all is ok and to wait to the new year etc etc. Well it’s the new year now and when I texted him this week no response. I will try again. Also , no interest payments since June . I have 2 bonds and have pushed about interest payments and more importantly gaining back the capital . His view is to pay off bond holders who have less than £100k as not big enough investors, and to allow early redemption. Having followed a lot of the comments here I guess that’s what we would all like. As I stated I will keep texting him. Michele

  119. And Charming expects investors with more than £100k to roll over for that, does he?

    If MJS Capital is insolvent – that is, it is not able to meet all its obligations, whether they’re over £100k or not – then one way or another, whatever MJS does have needs to be apportioned out in an orderly and fair fashion. Favouring some creditors over others in the manner Prince suggests is unlawful.

  120. Yes I would suggest that is another lie. He is ignoring my client who is a member of Shaun’s board! So anything that he does say is arguably going to be a lie. Emails to those who have written to me are on their way.

  121. In addition I am now going to implement the process of bringing them down specifically because what he suggests is unlawful under the Insolvency Act 1986. Back soon Jane

  122. Jane- I have mislaid your email address.Can you please let me have yours?
    Thank you very much.

  123. Is the ‘Action Group’ on Facebook still in existence as I have been unable to get onto it now and for three or four days, although I had no problem before. Or have I for some reason been blocked as I have since re-applied and heard nothing?
    I did buy two of their bonds (through DPI) – a three year and a one year bond – and now realise how lucky I was to get my money back after much hassle and legal threats on both sides. Part of my story is above (entry on 3rd Sept).
    I would just like to be kept abreast of what’s happening with that diabolical company and the infamous Prince.
    I was contacted & quizzed by Jim Armitage of the Evening Standard and would be happy to offer whatever information I can.

  124. Dear Brev, – I have been on suggested web page many a time but have never been able to proceed further. I have also applied at + JOIN numerous times without acknowledgement. Am I unwanted? Am I thought to be an MJS spy in the pay of the evil Baron Shaun Prince? – Please advise!

  125. John, as I recall, you’ve had all of your investments back. This group is really for those who have not been as fortunate. I also recall you not being so eager to communicate when I was asking for your feedback and comments about this situation, a few months ago. hence the fact i keep denying you access to the group.

  126. I all at last I find people in the same predicament as myself. I invested in June 2017 in Bond 3 All was well until June 2018 since then payments late and now no payments early Jan 2019. I am retired and a carer for my husband with heart problem SO I counted on this quarterly payment to top up our pensions. I asked Shaun Prince to refund my money in December 2018 and he refused saying he had to think about all the investors and not just one then following this they said they were liquidating the bond due to its problem payments and then they offered me to re-invest in their new Colarb 4 bond and now they told me that they are lawyered up for the company the money is in for non payment I have had so many excuses that it is difficult now t6o believe anything they say and do not know where to turn now but glad I picked up this blog by accident on the internet can anyone help ?
    should I lawyer up too ? your feedback would be nice many thanks in advance

  127. Yes please do. I am a specialist lawyer on that page and I have a meeting with Shaun tomorrow to discuss whether he will agree to the winding up. I am instructed by one party to a dispute but no bondholders at present other than to obtain information. That avoids conflicts of interest.

  128. Direct property investments try to coax investors with colarb bonds to continue to invest with them! despite the company admitting to having no capital and unable to pay investors! more proof of DPI’s lack of trust worthiness

  129. To anyone who has not lodged their interest with Taylor Wessing with Brian
    bonnar’s petition to wind up this company, please feel free to do so. All those who have will have received the email from Taylor Wessing whereby Shaun Prince made an application to the High Court to justify taking funds from the business. After challenge that witness statement and application was withdrawn, not least amidst threats against me and hugely defamatory comments because I have dared to challenge his position.

    RSM has been proposed as the IP and if appointed I will be given the opportunity to propose a strategy to address potential losses to them. As such, if you would like a choice over who gets appointed as your IP you may wish to register your interest.

  130. I hope the Hearing goes well today and await the feed back from yourself or Jane for the next step
    I have been so stressed out with this like other investors I guess The various brokers involved were not looking after the investors that is for sure only about their commission ! I was told to tick the sophisticated investor’s box when I first applied !

    [The above poster originally posted under the name “Brev” and this has been corrected to the username they used subsequently. -The real Brev]

  131. Just to clarify In June 2017 I invested in 3 Bonds with MJS Capital £5K x 3 = £ 15K total owed £450 in interests soon to be £900 as no doubt they will not pay End of March always been late and now no payment end of December 2018 ! asked for refund of capital but refused by the company !

  132. What happened on the 20th with Colarb? I am an investor too and wondering whether the company has been wound up and what happens next?

  133. You are all invited to propose an insolvency practitioner. I am a specialist lawyer and have been involved with this matter some 6 weeks now and RSM have been proposed. This is because I and they have direct experience with boosting consumer recoveries in such situations. ANYONE who wants a vote or choice in this matter is invited to the MJS action page or can contact me at jane@jscs.org.uk. You have one shot at this so move quickly IF you want a say. There are about 5 hours or so of live feeds on the page where I have advised of progress over the last few weeks. Speak soon


  134. As an investor i highly recommend bling the Facebook group as suggested by Jane, she’s brilliant ??

  135. @williamwood i am too, general rule i’ve learned throughout this debacle is – do the opposite of what Shaun Prince and Direct Property Investments Ltd say.

  136. in my opinion as court has taken the decision on the issue should appoint administrator to conduct the enquiry to have impartial view

  137. I did receive an email from this Shaun prince saying to vote for his choice of company what should we be doing now and does anyone know if our money is safe

  138. what ever you do, don’t vote for princes company. please join the ‘Mjs investor action’ page to chose Janes proposed company as most of us are doing

  139. funny that – Also received an email from Mr S. PRINCE yesterday and today I get one from the broker together with also attached the email from Mr. S. PRINCE I had a laugh since I had not heard from them since I invested !!! I asked Mr S. Prince early December together to the other members of the board for a full refund of my capital and none of them responded to me all I got was an email from a member of staff saying that the Company refused to refund the money. NOW Mr. S. Prince wants us
    to play ball with him really ???? Would love to know what magic wand this time he is waiving to get a result !!!

  140. I also got an email from direct property staying that Gazette solicitors are fighting on our behalf and should contact them

  141. Will you post that email ere please so I can se it……not received that but am client of theirs.

  142. hi all, especially jane.
    can you explain to us what we can do now to try to get our money back?
    where is the ‘action page’?
    i would appreciate if you could email me directly jane, thanks a lot.

  143. Hi Jane, I have requested to join the FB page. Who will approve my request ? Is there any hope that we will get any of our capital back ?

  144. hi all can I also advise that I have had direct conversations with Shaun Prince. He has not been able to give me any answers to any of the questions I asked and I have whistleblown to the FCA. This was undertaken on the date before the petition was heard so there can be absolutely no allegation that the FCA or I pulled the investment down, contrary to what you are now being told.

    Investors have been sworn at for harassing Mr Prince for their money back and I have direct contact with some people who have done business with Mr Prince which is now being given directly to the FCA and the OR.

    There is a public vote on the page in favour of RSM through which I hope to be able to deploy expertise to access the fund of last resort if funds are found to be missing.

    USMAN – YAAK please get in touch.


  145. it appears to me that face book is a closed group of certain number of people. . when I mentioned about “proposed by the person who brought the Winding Up Petition against Colarb Capital ” they removed me from the group. I asked why ? it was genuine to consider because they brought colarb to court. only rest of then were talking about it.

  146. Put it this way. Theee is hope. If you are on the Action page there is a wealth of information about RSM, and legal opinion on where you may get funds back.

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