A UK based debt settlement company known as the DebtDr has gone bust and took £600,000 of client funds with it. The company was actually Hermes Financial Solutions, Ltd and was run by Jeremy Hockley.
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The company took client funds and held them on deposit until settlements were reached with creditors. Unfortunately this company ceased trading and the money went missing.
Robin Sealey, from Bideford in Devon, was one of the independent financial advisors who referred clients to DebtDr.
“The website went down and any attempt to contact the head office was met with no response,” he said of the company’s surprise closure.
“I had no contact whatsoever from Jeremy Hockley or anyone from Debt Doctor and neither did either of my fellow consultants either.
“It seemed that we, along with clients, had been abandoned.”
The liquidator, Jon Law, told the BBC: “This investigation has now substantially completed and it is clear that around £600,000 of client money belonging to more than 80 clients of the company has been used improperly and is no longer held by the company.” – Source
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