Easter Sunday 2025: ...and on the 3rd day JP Morgan's scam was revealed to the world in all its glory

Which of the Commandments states "Thou shalt comply"? 

For nearly two years it has been revealed that VCTs are, and always have been, a giant Ponzi scheme relying on endless mergers when the money runs out and "fake dividends" and fees can no longer be paid, and that the Albion VCTs and Howard Kennedy (>80% of all VCTs) sit at the epicentre of the conspiracy with firms of Chartered Accountants to procure endless breaches of the law by creating incomplete and false Independent Valuer certificates, particularly when it comes to repeat Mergers, but to find JP Morgan creating the ultimate Closed-end Fund Merger scam is truly unfathomable.

JPM use the simple ruse of deliberately withholding statutorily required Independent Valuations from all shareholders, whether they vote for the merger or not, then fail to file share allotment documents, and simultaneously procure that the fund's auditors, Ernst & Young llp, are appointed as liquidators to the acquired entity in breach of every known Conflict of Interest and Code of Ethics, and who in turn can be relied on to never distribute such documents as actually exist to Members and then never to file documents required by The Insolvency Act. What a bunch of shysters.

Oh... and JPM never disclose the details of the contractual arrangements with EY unless you turn up to collect a copy at their offices.

When will the UK Investment Managers clean up their acts?

Don't believe me? Just follow the irrefutable evidence in document links in the below copy letter - and then join me and phone the FCA and LSE to prevent admission of the shares to the Official List to stop the Merger in its tracks until JPM and EY comply with the law by (i) amending all the documents (ii) removing EY as both auditors to the Fund and as proposed liquidators to HINT and (iii) immediately resigning as Company Secretary to all Funds they manage:

Copy letter to the Directors and Company Secretaries of the latest proposed JPM Fund Merger announced 4 days ago with meetings in only 2 weeks time:

https://app.box.com/s/6kpctzkvu7egzgazk9hnhpb5onil52lx



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