23 Jun Exclusive: Pensioner horror because Basset & Silver is provided while the backer trailing pay day lender Bro Money
ensioners just who purchased folded bond buyer Basset & Silver today informed of their headache at understanding the company try purchasing their funds inside giving cash advance.
Brand new bondholders said they were informed Basset & Gold spent their funds within the a range of small enterprises and you may, particular state, possessions.
In fact, if the team collapsed history few days putting 1800 pensioners' currency from the chance, they came up you to definitely a lot of the cash was added to a good pay-day financial named Uncle Money. Buddy Dollar folded, creating the fresh new demise regarding Basset & Silver 2-3 weeks afterwards.