Help For 79th Group Investors
Richardson Hartley Law is representing 79th Group investors who
have lost huge sums of money when the scheme collapsed in
2025.
The administrators’ report estimates that investors collectively
are owed more than £100m.
It is alleged that much of the money received by the multitude of
companies that sat under the 79th Group was not invested.
A court has granted a worldwide freezing order (WFO) covering
the assets of the directors of the 79th Group.
Counsel for the administrators of a number of 79th Group
companies obtained the freeze of their assets, an asset
disclosure order and the surrender of passports of the directors.
Barrister Eloise Hewson from Essex Court Chambers said the parties
to the case were “alleged to have fraudulently misappropriated c.
£200 million in company assets”.
The firm attracted in investment through slick marketing campaigns
and generous fees to introducers. It is suggested that some
introducers were getting up to 20% from the firm.
The 79th Group had a professional looking website that seemed to
demonstrate the company was a great investment opportunity that
had projects across the globe, from Africa to Canada.
However, by late 2024 it became clear that all was not well as
investors stopped receiving the promised returns on their
investment.
In February, 2025, directors were arrested and the following month
the firm stopped trading. The directors continue to deny any
wrong-doing.
Missed opportunities with the 79th Group.
The Times newspaper has reported that the FCA started
investigating concerns around the 79th Group in September, 2024.
However, the investigation was never made public and tens of
millions of pounds of investment money continued to flow into the
firm.
One investor from an overseas bank was warned not to put money
into the scheme in November, 2024, but despite this, it is
reported that NatWest continued to accept money for the 79th Group
until March, 2025. This is despite the fact that directors were
arrested in February, 2025.
It was reported by
The Times that one of the 79th Group’s schemes received £60m
after the FCA investigation had been begun.
The FCA has said that it was not in its remit to warn the public
about the 79th Group as it was not a regulated firm.
Several Reddit groups had also raised concerns about 79th Group
all the way back to 2023.
