Micronet Showroom, aka Richard & David Loach, operate a simple scam which
has been succesfully used for years throughout the UK. It revolves around
civil disclosure law. Essentially they refuse to provide you with
information to confirm their assertions ("The car's ready
" / "we've been asked for the balance" / "the price has gone up" etc.
etc.). By the time you've paid them it's too late and if you sue, they pay
you back the day before the hearing after you've spent thousands on legal
fees.

Almost no cars are actually purchased and they make their money by sitting
on your cash and earning interest as well as stinging each punter for £1k -
£2k. Not enough to get too upset about. They are very close to being
arrested, and are being investigated by the DTI with a view to a criminal
prosecution. I think they will succeed in jailing them by the end of 2006.
Do not, whatever you think, give them a single penny. Do not, in any
circumstances, believe a word they say.

If you have given them money and can't get it back, submit a Statutory
Demand against them personally, this leads towards a bankruptcy petition
and they will pay you back if you follow this route. Written Feb / March
2006.

The Daily Mirror September 22, 2000 Page. 8

MY OTHER CON IS A PORSCHE;
OFFSHORECAR SALES BREAK LAW
BY: Andrew Penman and Michael Greenwood

MEET Richard and David Loach - Britain's most unscrupulous car
salesmen.
Ruled unfit to run companies and banned from acting as directors, the
Nottingham-born brothers are now using a Caribbean island to try to get
round the law.
Micronet Showroom Inc, of which Richard is director and David
international sales manager, is registered in the Virgin Islands.
But it is trading from an office in Nottingham - a breach of the law
which could see the brothers jailed for up to two years.
Micronet sells imported prestige cars via the internet, as did the
Loachs' old outfits, Worldwide Vehicle Supplies UK Ltd and Eximart Ltd.
Worldwide was shut down by the High Court last year with debts of more
than pounds 1million after an investigation by the Department of Trade
and Industry found that the brothers had broken almost every rule in
the book.
In February this year the DTI's evidence went to the High Court, where
Registrar Geoffrey Jaques branded the Loachs "dishonest" and slapped a
13-year ban on them serving as directors.
He was told that the coal miner's sons lied and cheated rather than
admit their firms had failed. And that they had used the assets of one
failing firm to set up another.
It was found that they:
Failed to supply cars.
Failed to account to customers who gave them cars to sell
Failed to settle hire purchase agreements
Traded while knowingly insolvent
Lied about a bank account in Malta
Failed to keep accounts and other records
Squandered thousands in company money on booze, music and shopping in
Ikea.
The court found that when Worldwide began to fail the brothers tried to
prop it up with an investment scheme which promised huge returns.
But the sales pitch, which pledged an "exclusive, rock solid
investment", was riddled with lies and the scheme was not registered
with the Financial Services Authority - another breach of the law.
When Sorted turned up at their Micronet office Richard, 33, and David,
36, denied that they'd done anything wrong.
They said that while they had made mistakes, they didn't deliberately
mislead customers.
Richard said they had set up Micronet with a loan from "a friend". He
claimed he discovered he was breaking the law only six weeks ago and
has since made plans to sell the firm.
David, who sometimes uses the surname Anthony, said the company was
genuine and had supplied 60 cars since it began and a further 50
customers had cars on order.
One is Nick Gold. In February, he paid a pounds 7,860 deposit to order
his dream car, a Porsche Boxster. Delivery was promised in March...
then May... then July.
When the brothers demanded the pounds 31,000 balance but couldn't tell
him the chassis number of the vehicle, an extremely worried Mr Gold
wrote to Sorted.
After our call, he was given his money back. He told us: "I cannot
begin to express how grateful I am for your time and trouble.
"Ten days ago, I was faced with the prospect of spending many hundreds
of pounds of legal fees if I was ever going to see my money again."
Of course we are delighted that the Loachs paid up.
As we left, David, who drives a pounds 60,000 Porsche of his own,
begged: "Don't stitch us up".
Sorry, lads. Our file is already with the DTI.
Caption:
FAST BUCKS: The Loachs failed to deliver - unlike David, front, and his
own Porsche

ends

Somebody on Parker's forum was describing his problems with you-kno-who. I
pointed him to this post from jeremy. His wife visited Nottingham,
threatened a Statutory Demand Notice, and guess what - BINGO!!

Well done Jeremy.

There is a new story from the Mirror - see
http://www.mirror.co.uk/news/mirrorinvestigates/#story1

keep up the good work, chaps!

Penman & Greenwood Investigate
The Daily Mirror
£40,000 VICTORY OVER THE LOACH LEECHES
by Andrew Penman and Michael Greenwood
16 February 2006


CAR NET SNARES DRIVERS
WE HAVE a thank-you card from Peter Fletcher, who says: "Do your best
to put these *******s in jail."
He's talking about two men who we have no hesitation in describing as
Britain's nastiest car dealers - brothers Richard and David Loach.
Peter paid a £5,772 deposit to their firm, Micronet Showroom, for two
Volkswagen Passats.
Micronet offers new cars imported from abroad at lower than UK prices,
boasting: "You are in safe hands."
But there is nothing safe about dealing with these liars. Six weeks
after they took Mr Fletcher's deposit they wanted the balance on the
VWs - a further £23,000.
When Peter asked for an invoice they fobbed him off, saying it was "in
the post", and they couldn't guarantee him a delivery date.
Advertisement
Peter, of Grays, Essex, says: "I looked on the net and found a
catalogue of complaints about this firm. The blood drained from my
face."
He told Richard Loach he now had no confidence in Micronet and felt he
had no option but to cancel.
We stepped in and now Peter has recovered most of his dosh - although
Micronet had the cheek to deduct a £1,500 "service fee".
Peter says: "I'm just glad to get something back from these scammers.
Thank you."
The Loach brothers are not new to us. They have been at it for years.
We exposed them in 2000, telling how they'd run two car import
companies which were shut down by the High Court with debts of more
than £1million.
An investigation by the Department of Trade and Industry found that
they had, among other things, failed to supply cars as promised.
A judge later branded them "dishonest" and they were banned from
running limited companies until 2013. We revealed that despite this
they continued to trade, using a company registered in the Virgin
Islands called Micronet.
The DTI tried to prosecute the Loach brothers for fraudulent trading,
but when the case got to Blackfriars crown court in 2003 the judge
threw it out because the DTI lost evidence important to the defence.
Since then the Loaches, of Nottingham, have caused yet more misery.
Last month alone Richard Loach was twice sued in the county court and
ordered to repay customers more than £40,000. In the past three years
he's been sued for more than £100,000.
Richard Loach insists that we are wrong and customers can trust
Micronet.
He told us yesterday that he and his brother have almost 6,000 happy
customers since 1999 and only "a very small proportion" of sales don't
work out.
That will be no consolation to Keith Otter of Bushey, Herts. Last
summer he was lucky enough to be able to treat himself to a Porsche
sports car.
Keith paid £37,000 to Micronet for the dream car, expecting a saving of
£4,000. Naturally, as he was dealing with the Loaches, the deal went
sour.
The car wasn't delivered and Keith says: "I asked for a refund or a
definite delivery date. Neither was given."
Although we've chased Micronet and Keith now has his money back, he
told us: "I want to make sure nobody else falls into the same trap. It
was a very stressful time and others should be made aware."
Consider it done.

Jeremy,
Can you contact me by email to explain how to make this work please. As
you will gather from the nickname I have chosen, a similar thing happened
and I now wish to recover the 'lost' money.
Thanks.

I feel sick... I have just handed the keys over to Mr Loach for him to sell
my car...I wish I had found this information before I did that!