Founder of London Capital & Finance marketer Surge targets poor for rentals

The founder of Surge Financial, the marketing company responsible for putting thousands of investors into London Capital & Finance and Blackmore Bonds before they collapsed, is now running a business charging poor people high prices for rent-to-own household goods.

Kerry Venn was chief operating officer at Surge, which used sophisticated marketing techniques on social media and Google to target sales literature often at elderly customers who now face the loss of most of their savings with the firms.

She worked closely alongside Paul Careless, who later ran Surge and was arrested last year pending investigation into the collapse of LCF.

Careless denies any wrongdoing. Surge did not handle client money and was not involved in the investment decisions made by LCF and Blackmore.

Venn and her husband are now operating a business called YesYouCan, which charges more than double the retail value of items such as vacuum cleaners and washing

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Signs of recovery? U.S. business activity and home sales surge

By Dan Burns

(Reuters) – In signs an economic recovery may be picking up speed, U.S. home sales rose at a record rate for a second straight month in July, and purchasing managers in both the manufacturing and services sectors report business activity has accelerated at a brisker-than-expected pace this month.

With mortgage rates holding near record lows and a work-from-home trend apparently enticing many Americans to move further from city centers, the National Association of Realtors said on Friday sales of existing homes rose 24.7% to a seasonally adjusted annual rate of 5.86 million units last month from 4.7 million in June.

Home prices also shot to a record $304,100, and a shortage of inventory is making competition for houses fierce. The average time on the market fell to 22 days in July, a record low, from 24 in June, and nearly 70% sold in less than a month.

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WRAPUP 1-Signs of recovery? U.S. business activity and home sales surge

By Dan Burns

Aug 21 (Reuters) – In signs an economic recovery may be picking up speed, U.S. home sales rose at a record rate for a second straight month in July, and purchasing managers in both the manufacturing and services sectors report business activity has accelerated at a brisker-than-expected pace this month.

With mortgage rates holding near record lows and a work-from-home trend apparently enticing many Americans to move further from city centers, the National Association of Realtors said on Friday sales of existing homes rose 24.7% to a seasonally adjusted annual rate of 5.86 million units last month from 4.7 million in June.

Home prices also shot to a record $304,100, and a shortage of inventory is making competition for houses fierce. The average time on the market fell to 22 days in July, a record low, from 24 in June, and nearly 70% sold in less than

Read More