An investment business in Southport has gone into administration after a major fraud investigation was launched into its activities by the City of London Police.
The City of London Police is investigating a suspected widespread fraud of The 79th Group’s offer of high yield loan notes to investors which promise a high interest return over a fixed period.
The 79th Group operated from Southport Business Park, but no-one was answering the phone today and all emails bounced back. The website is down.
The business also operated in real estate claiming to specialise in the acquisition, management and development of lucrative assets. They offer investment opportunities selling loan notes secured against properties.
Several…
