LM

Below are links to all of Martyn Terpilowski’s LM emails, followed by related links and news.

The LM Emails

Open Letter to Peter Drake, Founder And Chief Executive of LM Investment Management (Aug. 13, 2014)

The LM Emails (#1): Early Clash with Peter Drake Foreshadowed the Disaster Ahead (Aug. 15, 2014)

The LM Emails (#2): LM Claimed that Longer Lock-Ins Were Introduced to Satisfy “Investor Demand” (Aug. 18, 2014)

The LM Emails (#3): In 2009, Martyn Refused to Support LM, Saying It Would Be Unethical and Irresponsible (Aug. 19, 2014)

The LM Emails (#4): In 2009, Drake Threatened Martyn with Legal Action for Calling Him “a Liar and the Operator of a Ponzi Scheme” (Aug. 20, 2014)

The LM Emails (#5): Martyn Tells an LM Sales Manager, “I Think You Know that Brokers are Mostly Not Telling Clients This Situation, So It Is Basically Fraud” (Aug. 21, 2014)

The LM Emails (#6): Director, Lisa Darcy, Inadvertently Admitted that Redemption Payments Were Suspended (Aug. 22, 2014)

The LM Emails (#7): New Sales Manager, Martin Venier, Implied that LM Was Operating Like a Ponzi Scheme (Aug. 22, 2014)

The LM Emails (#8): Scores of Investors Appeared to Be Jumping the Queue, but LM Refused to Provide a Full Explanation (Aug. 25, 2014)

The LM Emails (#9): Royal Skandia and Friends Provident Turned a Blind Eye When Warned about LM’s Suspicious Conduct (Aug. 28, 2014)

The LM Emails (#10): When Asked If LM Gave Special Treatment to Bond Investors, Martin Venier Dodged the Question (Aug. 29, 2014)

The LM Emails (#11): Drake Claimed that LM Was “Solid and Financially Sound”; Martyn Said It Was “Just Like Axiom Legal Financing” (Aug. 29, 2014)

The LM Emails (#12): LM Was Tooting Its Own Horn Just Days Before It Collapsed (Aug. 29, 2014)

The LM Emails (#13): When LM Collapsed, Salesman Martin Venier Offered No Apologies—Only Insults and Threats (Sept. 1, 2014)

The LM Emails (#14): Two Days After LM Collapsed, Everything Was “Business As Usual at Drake Insurance” (Sept. 2, 2014)

The LM Emails (#15): European Sales Manager, Simon Bottle, Defended His Televised False Statements with “Brutal Honesty” (Sept. 3, 2014)

The LM Emails (#16): When Warned about LM, One IFA Told Martyn to Go Away and Spread His Doom Elsewhere (Sept. 5, 2014)

The LM Emails (#17): ACI Chairman Continued Selling LM Despite Repeated Warnings Dating Back to January 2009 (Sept. 5, 2014)

The Axiom Emails (#1): “This Industry Is a Shocker – No Wonder I Am Going Mad…” (Sept. 5, 2014)

Andrew Drummond’s Coverage of the LM Emails (Sept. 7, 2014)

LM Resources

LM Investor Victim Center (Website)

LM Investor Victim Center (Facebook)

MisterMorris.com/LMInvestmentVictims/

Niall Coburn’s Investigative Report on LM MPF (Submitted to ASIC on Dec. 18, 2012)

A Betrayal of Trust (A documentary aired on March 4, 2013)

LM Fund Documents

Below is a list of all the unauthorized LM fund documents which have been forwarded to me by several different sources. Click on the links to download.

LM MPF Summary Flyer – July 2008

LM MPF Fact Sheet – March 2010

LM MPF Summary Flyer – Sept 2010

LM Portfolio Bond Commission Instruction Form – Jan 2011

LM MPF Information Memorandum – 22 Feb 2011

LM MPF Rate Sheet – March 2011

LM MPF Fact Sheet – 30 June 2011

LM MPF Fact Sheet – 31 August 2011

LM Product Range and Upfront Commission Rates – 6 Oct 2011

LM – A Safe Harbour for Nervous Investors – 7 Dec 2011

LM MPF Fact Sheet – 30 Nov 2012

LM MPF Disclosure Update – 30 Nov 2012

LM MPF Information Memorandum and Application Form – 14 Dec 2012

LM MPF Fact Sheet – 31 Jan 2013

LM MPF Disclosure Update – 31 Jan 2013

LM MPF – List of Portfolio Bond, Platform, Trust, & SIPP Providers – 31 Jan 2013

Anyone who has more LM documents which are not listed here, please send them to me (lindelll@gmail.com), and I will add them to this list.

New Additions (Added on 23 Jan 2015)

LM MPF Three Highlights – Nov 2009 – Coomera Capalabra, Runaway Bay

LM MPF Information Memorandum – 25 Nov 2009

LM MPF Information Memorandum – 1 Nov 2011

LM MPF Audited Annual Report – 30 June 2012

LM MPF Update – Dec 2012

Peter Drake Responds to Questions about LM MPF – 1 March 2013

Notable LM News Articles

Suffering from LM (The Big Chilli – April 3, 2015)

Gold Coast High Flyer Peter Drake Has $337 Million Debt (The Australian – March 9, 2015)

Australian regulator moves against failed fund house LM – (SCMP – Nov. 20, 2014)

[Important Note: In the above article, SCMP confirmed what many had been speculating—that LMIM paid a maximum of 15% commissions upfront (not 9% as previously reported). This 15% was on top of the 7-8% commission paid by the life insurance companies, whose ILAS products the LM funds were wrapped within.]

Regulatory Legal sets sights on LM advisers (IA – Sept. 5, 2014)

British investors trapped in Oz seek legal redress (FT Adviser – Sept. 4, 2014)

Expat investors launch suits against advisers, trustees and insurance firms (SCMP – Aug. 28, 2014)

Peter Drake, life offices and advisers criticised over LM (IA – Aug. 21, 2014)

When an investment fund goes bad (SCMP – July 27, 2014)

Victim of the LMIM Scandal Speaks Out (The Big Chilli – April 14, 2014)

Figures reveal huge scale of LM fund sales by advisers (IA – March 26, 2014)

ACI “Lashes Out” at LM Investor Victim Center (LMIVC – March 2014)

Drake transferred funds to [girlfriend] as his LM group failed (Michael West – Feb. 17, 2014)

Creditors sidelined as LM Group Surfers Paradise property sells for a song (Michael West – Feb. 20, 2014)

Scrutinising ASIC: Is it a watchdog or a dog with no teeth? (Nov. 23, 2013)

No joy for investors with Drake mansion sale (Michael West – Sept. 30, 2013)

LM boss Peter Drake’s assets frozen (SMH – Sept. 27, 2013)

Slim pickings for LM investors (Michael West – Sept. 18, 2013)

LM boss Peter Drake ploughs a loan furrow (Michael West – Sept. 7, 2013)

LM Investment’s Peter Drake breaks silence, strikes back at critics (IA – Aug. 23, 2013)

[ACI] lashes out at ‘multiple failings’ in Oz regulatory system (IA – Aug. 15, 2013)

LM frozen funds: commissions before client earnings (Michael West – July 30, 2013)

LM fund gave loan to Drake (Michael West – July 29, 2013)

Advisers form LM action group to fight for investors (IA – June 27, 2013)

When Drake’s empire came crumbling down (Michael West – March 20, 2013)

A man with so many hats and masks can’t help but be elusive (Michael West – Oct. 27, 2012)

All bets on Gold Coast estate for LM Investment Management (Australian Financial Review – Oct. 24, 2012)

The Scarlet Pimpernel of funds management (Michael West – May 17, 2012)

Related LM Blog Posts

LM Fund Scandal Escalates as SCMP Reveals Shocking New Details; Elements of Fraud and Bribery Could Trigger ICAC and Police Investigations; Insurance Companies Potentially Implicated (July 29, 2014)

Peter Drake Has Removed His Blog from the Internet (Aug. 21, 2014)

The LM Emails Are Starting to Make Headlines (Aug. 22, 2014)

Different Toxic Fund, Same Greedy Advisers: Scattered Axiom Victims Are Trying to Find Each Other (Aug. 25, 2014)

LM Victims Launch Lawsuits Against Advisers, Trustees, and Insurance Companies (Aug. 28, 2014)

A Must-Watch Documentary Exposé of LM (Aired Two Weeks Before LM Collapsed) (Aug. 30, 2014)

LM Is Back in the Headlines (Sept. 4, 2014)

LM Makes Second Headline in Two Days as Lawyers Begin to Target Negligent Advisers (Sept. 5, 2014)

Royal Skandia Abandons Tarnished Identity, Renames Itself “Old Mutual” (Dec. 16, 2014)

LM Document States that the Managed Performance Fund Was “Not for Distribution to Hong Kong Public” (Dec. 17, 2014)

ILAS Victims Meeting To Be Held On January 13 at the Legislative Council Complex in Admiralty (Jan. 9, 2015)

Essential Info for ILAS Victims: How to File a Complaint (Jan. 13, 2014)

LM’s Unauthorized Fund Documents: Distribution to the Public Was a Criminal Offense (Jan. 16, 2015)

Expat Crooks Drive Journalist Andrew Drummond Out of Thailand (Jan. 18, 2015)

Portfolio Bomb: Distributing Unauthorized Funds through ILAS Products without Holding a Type 1 SFC License Was Likely a Criminal Offense (Jan. 23, 2015)

LM Sales Manager, Martin Venier, Reappears with Self-Promotional Website (March 2, 2015)

Hong Kong-Headquartered Financial Advice Groups Placed on Thailand’s Investor Alert List (March 20, 2015)

Unlicensed Financial Advisers Defy Thai Regulator After Being Placed on Investor Alert List (April 1, 2015)

Unlicensed, Thailand-Based Financial Adviser Expands Illegal Business Operations Into Hong Kong (April 3, 2015)

Japanese Regulator Considers Putting Unlicensed DeVere Group on Investor Alert List (May 1, 2015)

Feeding Readers to Sharks: Thailand’s Big Chilli Magazine Sells Out to Dishonest, Unlicensed “Financial Advisers” (May 22, 2015)

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