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Private equity firm looks to take advantage of SFO blunder

A private equity firm has used a Serious Fraud Office database of email contacts to drum up prospective business after the SFO revealed the email details in a bulk mailout.

Australian company Equity Capital Solutions emailed contacts on the SFO mailing list last week, looking for new business and directing recipients to its website.

The email, sent by founding principal David McDonald, says: “We have sourced your details from an email recently circul-ated by the Serious Fraud Office press and information desk.”

Equity Capital Solutions says it got the email addresses after the SFO sent a bulk email with recipients’ addresses visible.

A Serious Fraud Office spokeswoman says: “We do not pass information on to third parties for marketing purposes.

“I have contacted this marketer and they have agreed to cease using these email add-resses for marketing purposes immediately.

“This occurred as a result of human error. Amendments have been made to avoid this happening again. We are very sorry this has occurred.”
Money Marketing last week reported that the FSA revealed the email addresses of hundreds of IFAs in a mass mailout.


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