East End payday loan mogul Henry Smith and his VERY glamorous daughters

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Meet the glamorous family behind a payday loan company that has been ordered to pay over £ 34million for treating over 97,000 clients unfairly.

The Garrit-Smith clan could be seen enjoying an exotic vacation jet-set lifestyle despite thousands of CFO Lending clients complaining that their money had been taken from their bank accounts without authorization.

Founder and investor Henry Smith, an East End real estate mogul, said he worked with the Financial Conduct Authority (FCA) during its investigation and the FCA has now forced the loan company to pay over £ 34million.

Mr Smith, his wife and daughters, could be seen enjoying lavish parties, vacations and boarding private planes as complaints against the company mounted.

Companies House records show that Mr Smith, 54, a real estate developer, was the largest shareholder. His group Aitch has loaned the company millions of pounds.

Golden Lives: CFO Lending Founder Henry Smith with his daughters Shauna, Brogan and Keara, and his wife Faye

Henry Smith's daughters Brogan and Shauna Garrit-Smith

Pose: Brogan and Keara in a social media post

Social media: Brogan and Shauna Garrit-Smith, Henry Smith’s daughters (left) posing in bikinis and Brogan and Keara (right) in dresses

Mr Smith, who launched CFO in 2008, toured Italy and Switzerland in a Ferrari with his wife Faye, as the company was under investigation for questionable business practices.

Social media posts show the couple arm in arm on sunny Mediterranean beaches and dressed in their finery at lavish parties.

Far from the glamor, complaints against CFO Lending were starting to mount.

And after facing 246 astonishing investigations by the financial mediator, the company was forced to reimburse its victims for its unfair practices.

Talk to The sun Marc Gander of the Consumer Action group called these actions “parasitic abuse”.

High life: Glamorous family enjoyed a golden lifestyle of exotic vacations abroad and private jet travel

High life: Glamorous family enjoyed a golden lifestyle of exotic vacations abroad and private jet travel

Partying: Brogan Keara and Shauna Garrit-Smith's daughters were also on CFO Lending's board and held small stakes

Partying: Brogan Keara and Shauna Garrit-Smithdaughters were also on the board of CFO Lending and had small stakes

The lender took money from customers’ accounts without authorization, charged them more than they owed and sent threat letters and text messages, the Financial Conduct Authority found.

The company was ordered to write off debts of almost £ 32million and make cash payments of £ 2.9million to customers. The company was also banned from offering loans.

C FO Lending, which was based in an office in Leytonstone, east London, was the parent company of six other payday lenders: Payday First, Flexible First, Money Resolve, Paycfo, Payday Advance and Payday Credit.

Model: Girl Keara, 24, from Loughton, Essex, is a Diva agency model in Dubai according to her website and has worked for Goldman Sachs

Model: Girl Keara, 24, from Loughton, Essex, is a Diva agency model in Dubai according to her website and has worked for Goldman Sachs

Smith, 54, is still the largest shareholder but has never served on the board of directors.

Company records show that between July 2011 and September 2014, his three daughters – Brogan Garrit-Smith, 25, Keara Garrit-Smith, 24, and Shauna Garrit-Smith, 22 – were on the board of administration and held small stakes.

Smith’s wife, 45, was also a director and shareholder. The four women each held 500 shares of the company until May 2015, according to CFO Lending’s latest annual report.

Smith’s wife and daughters were all directors and investors in the company when she agreed with the regulator in August 2014 to conduct an independent investigation into its business practices. They all resigned a month later.

Social media posts around the time of the investigation showed Keara was dividing her time between Los Angeles and Las Vegas. The 24-year-old, from Loughton, Essex, who worked for Goldman Sachs, was also a model for the Diva agency in Dubai.

Keara and Brogan Garrit-Smith: Family shares many photos on their social media from their travels around the world

Keara and Brogan Garrit-Smith: Family shares many photos on their social media from their travels around the world

A photo on Instagram from last December shows Keara, who works as an assistant at investment bank Goldman Sachs, about to board a private jet from the Harrods Aviation VIP terminal at Stansted Airport.

Her older sister Brogan has taken many trips abroad in recent years. She attended a ‘pool party’ in Hollywood, relaxed on the sunny beaches of Ibiza and regularly visited the popular resort town of Marbella in Spain.

When a friend of hers appeared to joke that she was away on many vacations, Brogan wrote on Facebook: “God loves a traveler.”

Earlier this year, she posted a post that read, “I love the simple things in life like spending my money recklessly and being a disappointment to my family.”

Keara and Brogan: The sisters' social media accounts show them frequenting upscale London bars and hotels, including the Chiltern Firehouse in Marylebone and the Savoy in The Strand

Keara and Brogan: The sisters’ social media accounts show them frequenting upscale London bars and hotels, including the Chiltern Firehouse in Marylebone and the Savoy in The Strand

More recently, the sisters’ social media accounts show them frequenting upscale London bars and hotels, including the Chiltern Firehouse in Marylebone and the Savoy in The Strand.

Earlier this week, Brogan, who works for US investment bank Morgan Stanley, posted a photo of his dog sitting on the wing of a private jet with the message: “Someone is not impressed by ‘be back in London … Me and Rolo. “

Neither Smith nor any of his family appear to have worked directly for CFO Lending and neither have been charged with wrongdoing.

A CFO Lending spokesperson said: “The current board of directors was appointed to CFO Lending Limited in January and February 2015. The current board has worked closely with the FCA to identify historical issues that have resulted in poor results for consumers. “

Smith claimed there was a “remarkable difference” in the business now compared to before January 2015.

He said: “As an investor, I am very happy to report that once the operational management of CFO Lending changed in January 2015, CFO’s behavior towards its clients has improved as well as its relationship. with the FCA. ”

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