Apparent disappearance of Phoenix Community Capital leaves some investors fearing they have lost large sums of money
- Phoenix Community Capital case shines light on UK’s lobbying problem
A crypto investment firm with links to two all-party parliamentary groups (APPGs) appears to have disappeared, leaving some investors fearing they have lost tens of thousands of pounds.
The episode is likely to raise further questions about the role of APPGs in parliament. Phoenix Community Capital established itself last year as a cryptocurrency project and investment scheme, which it said at one point was valued at $800m (£665m).
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