Factoring critics don’t like being criticized

I’m not a great user of Twitter and although I use an automated program to repost blog posts from both here and my website to Twitter I don’t very often actually log in to read tweets by others.

I did log in this morning and had a quick read of some of the self promotion from the people that I follow and noticed that the scourge of the factoring industry Brian Moore had been very quiet lately so searched on his name to find his last tweet only to be met with the words “You are blocked from following @rabf_ and viewing @rabf_’s Tweets”

Having patiently read his tweets over the years which normally comprise phrases like “We are closing in on a big expose” without ever commenting I finally did comment on a couple of his tweets at the tail end of last year.

In early November we had the following exchange with my initial comment being rather obviously tongue in cheek

Asset Based Finance @rabf

Visting the  fpshow2014 remember the factoring business invoice finance is totally unregulated & open to fraud

Factoring Blog

That’s certainly true as it’s surprising quite how many companies try and defraud their factoring company

Asset Based Finance @rabf

Difference is that no expects their factoring company to be a fraudster signing clients to bust them

Factoring Blog

You’ve been mud slinging for two or three years now but in that time have you actually produced one genuine case?

 

Round two started later in November when Brian decided to put his own spin on a media report completely distorting it in the process

Asset Based Finance @rabf

“toxic” and “aggressive” culture inside banks led 2 fraud in factoring finance industry take generation to change

Factoring Blog

There is no mention at all of the factoring industry in the report so please don’t put a spin on the report that isn’t true at all.

Asset Based Finance @rabf

Let me get this right a £300bn unregulated asset based finance industry has had no fraud no criminal acts Yer Right

Factoring Blog

Maybe or maybe not but that was not what the report was about and you were just adding your own bias to it

Asset Based Finance @rabf

Yes you are right the banks created factoring divisons outside the PRA so that commit fraud #Lloyds

Factoring Blog

The banks actually created their factoring divisions 50 years ago before all of this regulatory stuff existed.

 

It seems that like many cyber bullies Brian is quite happy to use the world wide web to rubbish the factoring industry but even the mildest of criticism isn’t to be tolerated and results in his critic being barred from access to his tweets

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