Guildford alternative investment manager Prosper Capital LLP (FRN: 453007) went into creditors’ voluntary liquidation on 1 June.
Jeremy Karr and Simon Killick of BTG Begbies Traynor were appointed as joint liquidators.
The firm acted after The Financial Ombudsman Service upheld complaints about property investments made through Crowd2Let (FRN: 743371), which was an appointed representative of Prosper.
Crowd2Let ran a crowdfunding platform. Investors could buy shares in companies (special purpose vehicles, or SPVs) set up with the intent of investing in property. Investors bought shares in the SPV, and the SPV purchased a property. Income (for example from rent) could be distributed to investors through dividends, and the shares could be…