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Pay day loan company utilized 1.2m pension liberation scheme to cover debts

Three directors of an insolvent loan that is payday which received money from pension liberation schemes have now been disqualified.

Three directors of a insolvent loan that is payday which received cash from retirement liberation schemes have already been disqualified.

Speed-e-Loans.com (SEL), utilized 1.2 million from private investors through the schemes to meet up its existing debts.

Directors Philip Miller, Robert Alan Davies and Daniel Jonathan Miller have now been prohibited from acting as directors for nine, six and 5 years correspondingly for breaching duties that are fiduciary the duties of care, ability and diligence. 继续阅读Pay day loan company utilized 1.2m pension liberation scheme to cover debts