Arch Cru : LMIM, a Comparison

'Take Aways' (in no particular order)

• 1. Similar fund values suggest the LMIM debacle is as deserving of Australia's Government and Government Authorities support as the Arch Cru disaster was deserving of UK Government and Government Authorities support.

  2. The Arch Cru investor victim population profile (age profile) was a factor in authorities seeking an out of court compensation offer (avoiding lengthy litigation and the associated expense). The LMIM displays a similar investor victim population age profile.

  3. The support of a National Daily paper helped the Arch Cru case remain in the public eye whilst the process of Justice was being attended to. The LMIVC campaign would do well to garner similar support.

  4. The LMIM alleged wrongdoings are extensive compared to Arch Cru and if proven in the Criminal domain should very conceivably induce restitution programs that recover investors losses from complicit parties as a warning of growing intolerance.

  5. LM Investors are no less worthy of recognition and support than Arch Cru investors. In this context LMIVC encourage investors to support the LMIVC goal and participate in group actions toward Fair & Just Resolution for LM Investors.

References

UK

PM Supports Campaign For Justice For Arch Cru Victims

How The Arch Cru Campaign Is Being Fought

Financial Services Compensation Scheme

FOS unsuitable advice determination in Arch Cru

Financial Times Arch Cru Timeline

FCA Arch Cru Consumer Redress Scheme

Money Marketing

Australia

2011 Review of Compensation Arrangements for consumers of Financial Services