MPF In Operation

This pictogram illustrates the fundamental MPF operational flaw that constrained it to 'Ponzi' status.

Read information here that indicates redemptions were faltering since 2009 bringing a much harsher spotlight to questions around marketing and risk profiling.

Investor furor over LMIM's handling of MPF redemptions continues to grow. LMIVC have inside information that indicates investor redemptions within Bond Providers (BPs) were prioritised by LMIM to guard, as far as possible, against withdrawal of the MPF from BP platforms. At the other end of the spectrum were redemptions to investors whose advisors were not actively introducing new business. It appears that these redemptions were at least de-emphasised if not stalled completely. The redemption 'queue' that LM refer to in some communication to investors was, in fact, far far from a queue. It was another crooked deed to obscure the truth and continue to defraud investors of monies by favoring those channels that contributed the largest new monies input.

Whether this constitutes a further Breach of Trust is something for the legal experts to determine but it is certainly an aspect that must be investigated and that LMIVC wait and watch for news of from Korda Mentha.

What must also be established is whether the BPs and advisors knew of this 'redemption favoring'. The natural extrapolation from a 'yes' answer to this question is, potentially, complicity and legal action.