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Annon 13.52, Essentially YES. Axiom appointed Tangerine to manage the issue of practice loans. If the bank's appointed representiatives comes to you offering a loan facility they say can be used for the practices purposes, you might take that on face value and treat it like any other loan being offered. Clearly Aciom alabit its not its investors were very happy for Tangeringeo sell its loans in that way, that clearly was quite deliberate on Axiom's part, they presumably wanted as many loans as possibe to be issued, Axiom are the guys defrauding the poor investors yet the solictor is taking the blame. If a bak offers me a loan using funds it raised on false pretences, am I expected to know that. Would the solictor know the basis on which Axiom investors lent or even know that funds came from individual invenstors and not a normal commercial source?