Times of Tunbridge Wells 1st May 2019

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THE KENTISH HARE’S

By Richard Williams

JAMES TANNER DETAILS DISHES UP THE THE TOP ON 20 YEARS AT

THE mother of two sons, one of whom is autistic, has told of the impact on their lives brought about by the collapse of an investment firm based just outside Tunbridge Wells. The company, London Capital & Finance [LCF], was founded by Simon Hume-Kendall. Amanda Cunningham, 50, invested £22,500 in LCF, which former Tunbridge Wells Conservative Party Chairman Hume-Kendall retained links with until its collapse earlier this year.

MAY 2019

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Wednesday May 1 | 2019

HIGH LIFE Simon Hume-Kendall with his wife, Helen

Around 11,500 people are set to lose a total of £237million following the demise of the company, which is based at Eridge Park. Ms Cunningham told the Times this week: “I am a full-time carer for my son, Jack. He has autism. This money was my life savings. It was money to help Jack, who will need care for the rest of his life.” She explained the reason for her investment in the company. “I had put the money into an ISA, but at the time the interest rates were very low so I looked on a comparison website and found LCF. The eight per cent interest was a great attraction. “It was so easy. I had very little contact with them and just did it all online.” The first time she HARD LIFE realised something was Amanda wrong was in January. Cunningham

“I was due an interest payment, but instead I got an email from LCF to say the FCA [Financial Conduct Authority] had frozen their assets.” She continued: “It has been devastating. It has left me in a very difficult position. “I’m in exceptional hardship. That money was all I had.” Amanda Cunningham had this message for Mr Hume-Kendall and his associates: “They are no better than scammers. They are preying on the vulnerable. They are the scourge of the earth. “I lie awake at night worrying about how Jack is going to cope in the future. We will probably have to claim benefits to support his social care, and all the while people like Simon Hume-Kendall are living in the lap of luxury. “I bet he has never had to endure financial hardship like this. I don’t know how Simon Hume-Kendall sleeps at night.” She continued: “I want him to pay everything back. All of it. I think he is ruthless.” Ms Cunningham is one of three investors that this newspaper has traced. Together they are set to lose more than £350,000. Administrators Smith & Williamson were called in after it was discovered the investment firm had been misleading investors with its marketing material. LCF were selling unregulated mini-bonds, offering investors an eight per cent return for money that was purportedly being lent to a range of businesses. In reality, the administrators discovered most of the £237million went to a convoluted web of business interests, stretching from Cornish holiday cottages and land on a

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