A couple of years ago a BVI registered shell company called London Nominees
hit the headlines with an investment product called the Football
Sub-Fund that recruited a number of big names from the football world
and was aimed at expat investors who are crazy about football but not
particularly knowledgeable about finance or investments.

The fund was supposed to raise large sums of money to discover and
nurture unknown West African players with huge potential and sell them
for high prices on the world market and even buy and sell whole football
clubs. But the website was short on details as to how this would be
achieved and provided no projections or financial information at all.
The fund recruited unemployed young Brits with no financial training
from the UK, flew them out to Bkk and installed them without work
permits in a call centre in Srinakarin Road with cold calling scripts in
front of them. Several of them quit almost immediately and announced
to UK tabloids that the jobs were not what they had expected, whatever
that might have been. On closer inspection some of the big football
names behind the fund turned out to be wanted for questioning by the
Monetary Authority of Singapore in connection with a fraudulent
investment scheme promoted there selling tiny plots of land in the UK
that were alleged to be in green zones that were about to be re-zoned
for commercial development but weren't. One of the main principals
based in Bkk allegedly had a somewhat shady background in connection
with sales of dubious investment schemes to expats.

After all the fanfare and enthusiastic feedback from football mad
expats things seem to have rather fizzled out. The extravagant claims
that formerly adorned the websites of London Nominees and The Football Fund http://www.londonnominees.com/ and http://www.thefootballfund.com/
have all disappeared and been replaced by the stark inscription,
"CURRENTLY UNDER CONSTRUCTION". Brian Robson, one of the football names
behind the fund, was trapped into making some ill advised claims on
camera by a sting team from the UK's Channel 4 http://www.martinlee...-football-fund/
and ads have now appeared in the Thai English language press advising
investors who are less than pleased with the performance of The Football
Sub-Fund to contact a Swiss based company called Financial Intelligence
& Processiong http://www.fipcor.com/index.php?option=com_content&view=article&id=46&Itemid=1〈=en with a view to joining in class actions against the principals behind the fund.

I wonder how much money was raised for the fund after London Nominees announced in 2010 it had commitments of US$40 million and what happened to it.

Didn't somebody say that fund was linked to a financial advisor called Global Investments here in Bangkok?