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Leadenhall Bank/Axxess International


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Just wondering if anyone has been caught up with the liquidation of Leadenhall Bank in the Bahamas. This bank held in trust the deposit payments of a large number of people who took out secured credit cards through Axxess International in London.

Alan, Derby, UK.

 

 

 

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Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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  • 10 months later...

Yup. We had to Axxess Liberti credit cards, which were ideal when in the USA (as they were USD instead of UKP based).

 

We got these in around 1999; and the last time I tried using it was in the USA in July 2004 - and it didnt work.

 

I have had a number of email conversations with a lady called Janet (I think) who although was no longer employed by Axxess UK, still tried to sort out some problems.

 

It is almost 3 years since the cards were stopped by the US goverment; and as yet no money has been reimbursed.

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Leadenhall kept trading for about a year after they lost their MasterCard license, but then got closed down by the Central Bank of the Bahamas, and are now in liquidation. Prior to that, Leadenhall transfered the security deposits to another company called First Financial Trust.

 

The liquidator (Craig Gomez), is now in the midst of a long legal battle to secure the return of the deposits. As these were "trust" funds, they should be ring-fenced, and therefore there is a hope that we will get the money back eventually.

 

However, if you have not yet completed a claim form, then you will need to download one from the website: Leadenhall Bank & Trust Liquidation - The Bahamas

 

These are the details for the liquidator, he does take telephone calls and is happy to give a full update on how things are progressing:

 

Please be advised that effective Monday January 2, 2006, the bank relocate its office to No.1 Cumberland Hill Street, Nassau, Bahamas.

The new telephone numbers are:

(242) 323-0640

(242) 323-0648

(242) 323-0649

(242) 323-0641 Fax

Craig A. (Tony) Gomez

Liquidator

Tel. (242) 356-4114

Email: cgomez@batelnet.bs

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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  • 1 year later...

Just to update this thread - I gather that the liquidator has said that funds are starting to be distributed. However, I have not heard from anyone who has yet received anything whatsoever.

 

If anyone has more news then please post below. If you are not a member then you will need to sign up, but that is free of charge.

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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These are the latest documents:

 

Notice for Credit Card Holders:

 

http://www.leadenhallbahamas.com/download/cc_notice.pdf

 

Eighth Report of the Liquidator:

 

http://www.leadenhallbahamas.com/download/eighth_report.pdf

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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Well - what a shock.

 

Today I received a form from FFCT saying that they are ready to make a 70% payment. Although they will deduct $30 for sending the cheque, or $65 if I want it wired!!

 

Hopefully others will also now be getting these letters - if not then maybe you need to get in touch with FFCT and find out why.

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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  • 1 year later...

Well 12 months have passed by, and FFCT clearly intend to hang on to keep hold of these deposits for as long as they can. I am also suprised to see that there have been no further reports from the liquidator (Craig Gomez) of Leadenhall Bank since 10th December 2008.

 

With nobody at the Central Bank willing to discuss the situation, one has to wonder why people trust the Bahama's with their money. No longer are these places safe from a disclosure point of view - and with this case we see that the regulator is not interested in dealing with a mess that they allowed to happen.

 

Even the Bahama's press seem to be disinterested in this financial scandel that is dragging on under their noses.

 

The cardholder deposits was supposed to be held in trust - not be caught up in the banks liquidation. Cardholders never agreed to the money being put with another company - yet we are left waiting for First Financial to eventually be forced to give back this money to the people it actually belongs to.

 

Shame on the Central Bank of the Bahamas - this is your responsibility.

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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  • 2 years later...
Well 12 months have passed by, and FFCT clearly intend to hang on to keep hold of these deposits for as long as they can. I am also suprised to see that there have been no further reports from the liquidator (Craig Gomez) of Leadenhall Bank since 10th December 2008.

 

With nobody at the Central Bank willing to discuss the situation, one has to wonder why people trust the Bahama's with their money. No longer are these places safe from a disclosure point of view - and with this case we see that the regulator is not interested in dealing with a mess that they allowed to happen.

 

Even the Bahama's press seem to be disinterested in this financial scandel that is dragging on under their noses.

 

The cardholder deposits was supposed to be held in trust - not be caught up in the banks liquidation. Cardholders never agreed to the money being put with another company - yet we are left waiting for First Financial to eventually be forced to give back this money to the people it actually belongs to.

 

Shame on the Central Bank of the Bahamas - this is your responsibility.

 

I understand that the liquidator will be refunding only 5% to CREDTORS. I sincerely hope that this does not include deposit holders!

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The last I heard from the FFCT liquidators was in February, and that was just a copy of a letter to creditors that was sent out in October last year. The court had instructed the liquidator to do a full audit of the trust fund, but there has been no update that I am aware of - have you seen anything more recent?

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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Having a trawl round the internet, it looks as though the attempts to get hold of the trust funds are still going through the Jamaican Court of Appeal. A case was listed or w/c 4th June, but I cannot find any details.

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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  • 6 years later...

This topic was closed on 03/08/19.

If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there.

If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened.

- Consumer Action Group

Alan, Derby, UK.

 

 

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

 

 

 

________________________________

 

Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.

 

DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.

 

Advice given is purely my opinion, and is not based on any legal training.

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Share on other sites

Please note that this topic has not had any new posts for the last 3077 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

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