In the first quarter of 2013 the Australian licensed investment management company, LM Investment Management (LMIM), collapsed owing 12,000 investors across the world a total of Au$750m. The media has been awash with allegations of mis-management, fraud, breach of trust, and ponzi scheme operation. Advisors worldwide recommended and supported the investment and are implicated by virtue of their failure to categorise the investment correctly due to negligence or pure greed for the well above average advisor payments from LMIM.
Adding insult to severe injury is the wrangle through the Australian courts for the privilege to ‘manage’ the ailing funds. Enormous associated costs threaten to render the returns to many investors negligible.
Our site objective is to provide a united movement with one goal:
A Fair & Just Resolution for LM Investors.
lmivc.inf@gmail.com
lmivc.nod@gmail.com