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I should like to point out that the article posted previously refers to the general failure of various regulatory and legal bodies to investigate cases of fraud and to protect investors and shareholders. It does not in any way allude to our current efforts to bring the matter of the conduct of the BOD of Xcite and others to account for this travesty, which is still ongoing..
Victims of fraud are being let down by the police, according to a damning new report from Her Majesty’s Inspectorate of Constabulary and Fire and Rescue Services (HMICFRS).
HMICFRS warns that ‘inconsistent’ policing across England and Wales is leaving members of the public at risk of scams. However, the report acknowledges that police forces have a number of competing priorities.
HM Inspector Matt Parr says: “One officer told us that fraud does not ‘bang, bleed or shout’ and, as a result, it is not considered a priority. Nonetheless, people are more likely to be victims of fraud than any other crime.”
He continues: “The current model of local investigations supported by national functions is the right one. But processes need to be much more efficient, and performance must be managed to provide the best possible service that available resources will allow.
"We did find examples of local investigators providing victims with excellent service, but they are hampered by the lack of government or national policing strategies for tackling fraud.
"This has profound implications in how forces understand roles and responsibilities, how the public is protected from fraud and how victims of fraud are treated by police forces.”
Of the 11 police forces inspected only four were able to provide evidence of the demand placed on them by fraud. Staff often felt it was their duty to reduce demand on the force, with cases being dropped despite strong evidence for the crime.
Mr Parr adds: “While we acknowledge the pressures on the police service, this simply cannot be acceptable. So we are calling on the police service to make a choice.
"Either continue with the current inconsistent approach, which puts members of the public at a high risk of becoming victims of crime or look at ways to improve that will start to make a difference.”
In particular the report says forces need stronger strategic leadership to tackle fraud, without which fraudsters will continue to act with impunity and victims will feel increasingly disillusioned.
Commenting on the report, Gareth Shaw, head of money at Which? says: “Fraud can have long-lasting and devastating consequences for victims, so it should be a top priority for the government and authorities – but our research has shown that fewer than one in 20 cases reported to Action Fraud is being solved.
"Too often, victims are left feeling abandoned and confused as investigations drag on with little sign of progress.
“To show they are serious about winning the battle against increasingly sophisticated fraudsters, the government, police and banking industry must establish a more coordinated approach and make scams a top priority.”
Hello Toxic,
Sorry to hear you did not get a reply. Please write again. We had quite a rush of emails recently. Diver, we received your email this morning and will respond asap.
Hello Diver69 could you write to us at xciteaction at outlook.dot com if you haven not already done so please?
Just to let everyone know we have had a very encouraging response and will be catching up with you all asap.
Thank you Eric,
your email was received with thanks.
xciteaction at outlook dot com
We have today sent out an email to a number of shareholders updating them on developments. Existing members of the group will be updated in due course, however please bear in mind we are expecting a huge response so please bear with us. In my typing frenzy I inadvertently gave this the heading of Xcitev energy.
Thanks to those who have written. I will get back to you in a few days after some meetings.
Hello,
I have today written to as many members as possible about an interesting new development. If you have written previously but not received an email please write to xciteaction at outlook.com
http://www.thisismoney.co.uk/money/article-6122399/Oil-giants-bosses-dock-fraud-charges.html
https://www.thesun.co.uk/news/4849321/civil-servant-claims-crisps-taxpayers-cash/
Can somebody point me in the direction of an article published in the financial press in recent months? It was highlighted on either iii or LSE recently about oil companies that have been set up on AIM with loads of reserves reported but not a penny of revenue yet funded by small investors for the benefit of owners. I think it was a consultancy firm that did the report and someone posted a link.
Thanks to all those who have responded, Highlands Bull and Beltron included.
xciteaction at outlook dot com
Hello everyone,
Pleased to see this thread is still going. I cannot say too much on here but it is very important at this time to keep it running. If anyone, Highlands Bull and Beltron in particular would like to email me at xciteaction************ I will be pleased to let you know some more.
Not posted for a while but we have ben prodding too behind the scenes.
PMQ's last week � Colin Clark (Gordon) (Con) Q12. Will the Prime Minister support the work that the Department for Business, Energy and Industrial Strategy and the Oil and Gas Authority are doing to facilitate the production of �1 trillion of oil and gas revenue from the continental shelf, supporting 300,000 jobs? Will she also join me in paying tribute to the men and women who work offshore to ensure that our homes stay warm? [904232] � The Prime Minister I am happy to join my hon. Friend in paying tribute to those who work in our offshore oil and gas industry, and thanking them for the work that they do. Last week�s weather highlighted just how important that work is to us all. We remain committed to supporting the industry, building on the �2.3 billion package announced in recent Budgets. My right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy and the oil and gas sector recently committed themselves to working together to ensure that the UK continues to enjoy the benefits of a world-leading offshore oil and gas industry.
I haven�t posted on here for a while but there has been a development which you may find of interest. Some of you will know I have been hosting an xcite action group. xciteaction@outlook.com I have recently approached a company who may be interested in looking into the actions of the various parties to this debacle. They are a professional outfit and from my initial conversation already have a grasp of the issues involved. These people can dig in places we can�t. There will be a requirement for funds, which some of those who have written to me seem happy to put forward. I hope to have some idea of initial costs soon. I will be writing to all of those who have been in touch with me at the outlook address some time next week. I will be away for a few days but will be back on Tuesday.