Park First and Store First part of the Global First group have systematically participated in a scheme selling car park spaces and storage pods that has left investors without pensions, in debt, taken their life savings and tragically has resulted in people taking their lives. The directors of the companies have walked away leaving at least £450 million unaccounted for. The FCA failed to protect the investors after they found one of the schemes to be an CIS which they were not licensed to sell. Because of this instead of prosecuting the directors they agreed a change to the existing contracts, which was in fact illegal. In doing this the FCA paved the way for Park First group to re-structure the business which then allowed them to place the new companies they set up be put into administration and causing the investors to lose their money. The FCA’s intervention created the opportunity for Park First to have no liability for the £250 million invested. The money is gone along with the £200 million they got from Store First who the Secretary of State for business issued a winding up order against. Store first got round that as the application to wind up the company missed several locations. This kind of crime ruins people lives and yet the perpetrators live a life that most of us can only dream about. Nobody cares. Where is the money. How can the directors get away with this. They even chose the administrators who are getting millions in fees. 

The law must be changed to stop systematic fraudulent behaviour that leaves people with nothing.