Tag: Patrick McCreesh

Square Mile International Financial Services – qualified and registered?
This week, in my mission to disclose advisory firms´ claims to qualifications (or in fact the lack of them), I am looking into Square Mile International Financial Services – qualified and registered?

What the Square Mile website page says:

Despite referring to their Prague headquarters in a lovely paragraph:

“Square Mile has a dedicated customer care and administrative team based in our headquarters in the beautiful historic Old Town quarter of Prague, in the Czech Republic. Aside from picturesque surroundings, being in the very heart of Europe allows our customer services team to easily service our clients all over Europe, as well as placing us within 90 mins of London’s own ‘Square Mile’ where we have our UK team, and extensive links and partnerships with some of the worlds top financial institutions.”

…their website fails to list their team members, so over to Linkedin to see who the lucky people are.

But, firstly, a bit of background information about Square Mile, just in case you haven´t heard of them.

Square Mile International in Prague is run by David Vilka, a name that has been the star of several other Pension Life blogs. Vilka is linked to the Blackmore Global Investment Fund scam which saw victims’ pensions invested in dodgy AND illegal (for UK residents) UCIS funds. It should also be noted that David Vilka of Square Mile International Financial – was not regulated to give investment advice, but did so anyway.

Vilka transferred at least 65 pensions into a Hong Kong QROPS and then invested them into the Blackmore Global fund, courtesy of Phillip Nunn and Patrick McCreesh of Aspinal Chase. Blackmore Global is an unregulated fund, which has never had an independent audit. Investors fear their pension funds may well be lost, as there is no evidence as to where the money has gone. David Vilka has showed no shame for what he did, and has made no attempt to recover any remainder of his victims´pensions.

So, Square Mile International Financial Services – qualified and registered?

IFAs and their clients are invited to add to this blog, correct it or improve it. Here’s a link to the three registers if you want to double check:

http://www.cii.co.uk/web/app/membersearch/MemberSearch.aspx

https://www.cisi.org/cisiweb2/cisi-website/join-us/cisi-member-directory

https://www.libf.ac.uk/members-and-alumni/sps-and-cpd-register – Claim to a DipFA

Please note that this data is correct as of 29/08/2018.

Staff list for Square Mile International Prague office:
1. David Vilka – Managing Director – DOES NOT APPEAR ON ANY REGISTER – but we knew that already!
2. Alan West – Head of Client Services – DOES NOT APPEAR ON ANY REGISTER
Well, the Square Mile International Prague offices´ dedicated customer care and administrative team´ doesn´t inspire much confidence. Only two staff members are listed – one of them is known to be linked to pension scams – and neither has any financial qualifications!

Square Mile International Financial Services – qualified and registered? 0%

On a final note, this is the statement made on the Square Mile retirement solutions section of their webpage:

´PENSION SCAMS & LIBERATION: BE AWARE– No properly authorised scheme should be able to offer benefits to you before age 55 – any scheme offering this facility or any adviser claiming to be able to do this is almost certainly involved in pension liberation. A bonafide scheme, whether UK or International, will be listed on the HMRC website. There is much sensationalism written about pension scams. The truth is that there are many more very good investments opportunities and very few scams in comparison. Good investments don’t sell newspapers so inevitably the few rotten apples make the headlines. Simple steps such as: checking your adviser is regulated in an EEA jurisdiction and is correctly passported into your jurisdiction, checking the levels of remuneration the adviser will receive, checking the lock-in clauses with the investment scheme and any penalties, and confirming directly with any professional advisers, auditors, or lawyers named on the investment of their involvement. Despite what is written an alternative or esoteric investment as part of a portfolio can reap very good rewards if proper research is undertaken.´

Interestingly, David Vilka (pictured here with John Ferguson, who was also involved in the Blackmore Global scam) is not regulated to give financial advice on pensions or investments, but did so anyway. The Blackmore Global scam victims are locked into a toxic investment fund, that should not have been sold to them as UK residents. Furthermore, they face penalties if they wish to withdraw the little they have left in the fund, as they are locked in for 10 years. No move has been made by any of the perpetrators to help these victims.

Square Mile International should be placed at arm´s length by anyone who wants a secure future for their pension fund.
August 29, 2018
Serious Violation of Investors’ Trust – by Investors Trust (life office)
Investors’ trust is what gets violated in so many cases by irresponsible and negligent insurance companies such as Old Mutual International, SEB, Generali, RL360, Friends Provident International – and, of course, the firm in the Cayman Islands: Investors Trust. These companies – also known as “life offices” (although we prefer to call them “death offices” because they help destroy victims’ life savings – and sometimes cause the death of their distraught victims) – have a number of lethal practices which result in financial ruin for thousands of policyholders:
- The life offices take business from any old known scammers – firms without proper licenses and with a known history of defrauding the public
- The life offices will offer toxic, illiquid, risky funds – including UCIS funds – such as LM and Mansion on their platform (without doing any proper due diligence as to how quickly these funds can eradicate the life offices’ victims’ life savings)
- The life offices will accept investment instructions from unqualified scammers who work for firms with no investment license – and, in some cases, with no insurance license either
- The life offices will accept dealing instructions – often with fraudulently-copied or forged signatures – on dealing instructions for toxic assets such as professional-investor-only structured notes
A prime example of these vile practices was in the case of Mr. S – a driving instructor from Milton Keynes. His final salary pension scheme was transferred to a QROPS in Malta despite the fact that he was a UK resident and had no need for his pension to be transferred offshore. His “adviser” was David Vilka from a firm called Square Mile International Financial Services. This firm had an insurance license but no investment license. Therefore, Square Mile could legally sell insurance products such as dog insurance – but could certainly not provide investment advice.

Mr. S’ pension fund was then placed in a “life bond” with Investors Trust in the Cayman Islands. This was an entirely gratuitous transaction, as he had absolutely no need of such a bond – known to be a spurious life assurance policy used for what is called a “single premium” insurance contract. These bonds are illegal in Spain, since the Spanish Supreme Court has ruled that they are being used to hold investments in contravention of the nature of what insurance is supposed to be (i.e. risk for the insurer).

The entire fund – which represented Mr. S’ retirement savings – was then invested in two toxic UCIS funds (illegal to be promoted to UK-resident, retail investors) called Symphony and Blackmore Global. Investors Trust negligently accepted these investments from Square Mile – in the full knowledge that this was absolutely against the interests of the policyholder and that the “advisory” firm had no investment license.

After a protracted battle, waged with great tenacity and dogged determination, Mr S did indeed get back a large proportion of his fund. But he still suffered what can only be described as a harrowing experience which resulted in a total loss of a significant chunk of his pension to the scammers (who will have profited handsomely from scamming him in the first place).

Far from being contrite or apologetic, however, the scammer who risked Mr. S’ pension in the first place – David Vilka of Square Mile International Financial Services in the Czech Republic – showed no shame and made no attempt to recover the remainder of his victim’s pension. In fact, when I exposed Vilka’s vile scam, I was threatened by his two-bit American lawyer Douglas Davies of Lowell Davies LLP.

But what of the Cayman Islands-based life office – Investors Trust? Did they try to help Mr. S recover his serious losses? Did they offer him compensation for the significant distress he suffered at the hands of the scammers at Square Mile? Did they publish a statement demonstrating recognition of the damage done to victims’ life savings by investing in toxic crap like Blackmore Global on the instructions of scammers like David Vilka?

The answer, of course, is a resounding “no”. Investors Trust could have done so much to reform these illegal practices and expose the likes of scammer David Vilka who scammed not only Mr. S out of a big part of his pension, but also scammed hundreds of victims into the Hong Kong QROPS scam (many of which got invested in Blackmore Global).

Instead of showing any contrition or regret for facilitating financial crime, an idiot at Investors Trust called Lindsay Paris emailed me threatening to sue me for using a picture of David Vilka and John Ferguson posing as vulgar spivs at Las Vegas. This revolting photograph is, apparently, the property of Investors Trust:

“This is my second attempt to reach you regarding the copyright infringement on your website. Please have the image removed immediately or we will have no other choice but to seek legal action.

This is not the first time you have fraudulently misused private images and copyrights without authorization. You are imposing on our ownership rights and we would appreciate it if you would refrain from any future use of Investors Trust-owned materials. It is a serious violation which we will continue to pursue.

Please have the image on this page https://pension-life.com/david-vilkas-vile-us-attorney/ removed immediately.

Thank you,

Lindsay Paris, Media and Communications Manager, Investors Trust Administration

lparis@investors-trust.com”

So, no apology for destroying victims’ life savings; no apology for taking business from a firm which was not regulated to give investment advice; no apology for investing a victim’s pension in a toxic UCIS fund run by known scammer Philip Nunn….just a complaint about a violation of their ownership rights of a picture of the scammers bearing the Investors Trust logo.

It is reported that Old Mutual International has put aside £69 million to pay compensation for their victims’ losses. May I suggest that Investors Trust should do the same thing – and then I will happily take down the vile picture of Vilka and Ferguson. But until then, it stays up. And if you want to sue me – go ahead: make my day.
August 13, 2018
DAVID VILKA’S VILE US ATTORNEY

David Vilka of Square Mile International Financial Services has exactly the sort of lawyer one would expect: a scammer’s lawyer. Unsurprisingly, this dope can’t even spell Vilka’s victim’s name and has referred to him as “Mr Sexton” as opposed to “Mr Sefton”. But, again, this is no surprise.

What I must challenge, however, is the fact that Mr. Sefton has referred to this clown as a “two-bit lawyer”. I really don’t think this is true – as he is a one-bit lawyer at best. He has a couple of glowing client testimonials going back to 2016 and 2015 on his amateurish website, and displays no evidence of experience or expertise in the arena of British pensions (and why would he? – he’s purportedly practising US law in the US).

One might forgive Mr. Davies for not understanding anything about UK pensions in general and pension scammers like David Vilka in particular, but to immediately jump into a firm conclusion that there has been defamation against his client shows that he hasn’t even made a one-bit attempt to understand what his client has been up to – or how many lives (like Mr Sefton’s) Vilka has ruined.

I must admit I am used to dealing with a much better class of scammers’ lawyer. Take DWF, for example: this large firm carelessly lost a team of 20 lawyers to rival Trowers and Hamlins a couple of years ago. This wasn’t long after they were caught representing both sides in a case: the Insolvency Service in the winding up of Capita Oak, and Stephen Ward who handled the transfer administration in the same scheme. But at least they dealt with the embarrassment of acting for both the poacher and the gamekeeper with a degree of dignity and elegance – a class act indeed. DWF comes into the same league as my other legal chums – including Carter Ruck and Mishcon de Reya. So, you can see I am more used to dealing with professional firms rather than twerps like this Mr Davies.

Mr. Davies is referring to the UCIS investment scam, Blackmore Global, which was illegally promoted to retail investors – and which is a fraud from start to finish.

Anyway, I have answered his absurd email below with my usual comments in bold.

————————————————————————————————-

LOWELL DAVIES LLP

July 14, 2018

Ms. Angela Brooks, Director of Pension Life

Re: Defamation of Mr. David Vilka and Square Mile International

Dear Ms. Brooks:

I am an attorney You may well be, but you are clearly a US attorney – and that does not qualify you to deal with a matter which involves UK pensions

and represent Mr. David Vilka Bad luck

with respect to the defamatory article I never write defamatory articles – I only write the truth

published on your on-line site. Specifically, this complaint relates to the misstatements and misrepresentations made on

the following site:

BLACKMORE GLOBAL FUND – ASSET OR BLACK HOLE?

If I might sum up, each and every defamatory allegation with regard to Mr. Vilka and Square Mile International you assert are sourced to one disgruntled individual, Stephen Sexton, none of which allegations are supported by any evidence whatsoever.  Wrong. Mr. Sefton is one of a number of victims of Vilka’s scams – many of which were invested in the same toxic, illegal UCIS fund as Mr. Sefton – Blackmore Global – and others were invested in other similar investment scams. Blackmore Global is run by another scammer, Phillip Nunn, who – along with his partner in crime Patrick McCreesh – ran the cold calling and lead generation services for the Capita Oak and Henley pension scams, now under investigation by the Serious Fraud Office.

Mr. Sexton was an unsolicited client of Mr. Vilka and Square Mile who had a substantial pension and for personal reasons of his own wanted to switch his pension and draw down sums for his personal use.  When he says “unsolicited” he means not cold called, as was usually the case with Vilka. Vilka lied about being regulated to provide pension and investment advice, and the rest is history: Mr Sefton’s life savings were invested in two UCIS funds which were habitually promoted by Vilka: Blackmore Global and Symphony.

The switch in pension plans resulted in what Mr. Sexton felt were unreasonable fees (None of which went to Mr. Vilka or Square Mile). I wonder if this idiot would like to explain why Mr Sefton was put into a QROPS when he was a UK resident?

And despite the fact that Mr. Vilka was able to personally intervene and get Mr. Sexton’s monies returned less a nominal fee, Mr. Sexton continued to complain and when Square Mile attempted to make up even this nominal fee on its own part, Mr. Sexton continued to complain because he refused to sign a boilerplate settlement agreement containing a standard confidentiality agreement.  It is true that Mr Sefton did, eventually, get around 85% of his original investment back – but only after a dogged fight which was backed up by the pension trustees Integrated Capabilities. There was no intervention by Vilka.

In your post on the Blackmore Fund you have the temerity to cast defamatory aspersions on Mr. Vilka and Square Mile based on your “strong suspicion” and you go on to assert they must have a “strong vested interest in promoting this black hole of a fund.”  Why else would scammers such as Vilka promote such a fund? It is a UCIS, with no independent audit to verify whether the purported assets even exist.

Really? What proof of that would you have?  Vilka must have had a very strong reason to promote the Blackmore Global investment fraud – why else would he have invested a further 64 victims’ pensions in this UCIS? This was a bunch of people he scammed into transferring their pensions to a Hong Kong QROPS.

And since you have none, we demand you remove this article and/or any reference to Mr. Vilka or Square Mile.  I have plenty of evidence thank you.

Let me advise you that Mr. Vilka and Square Mile, contrary to your specious aspersions, are heavily regulated as is the industry.  “Heavily”? What you actually mean is that neither Vilka nor Square Mile is regulated for pension or investment advice – only insurance mediation.

The Sexton matter was thoroughly investigated at the time by the appropriate regulators who found no irregularities.  You don’t know that.

Mr. Sexton is not nor was he a perplexed victim of Mr. Vilka or Square Mile. He most certainly was – as Vilka and his accomplice John Ferguson know full well.

His pension is worth well over half a million pounds. No it isn’t. Did you do maths at school?

He read and signed multiple acknowledgements before he switched pensions showing very clearly that he knew what he was investing in and the inherent risks involved.  No he didn’t. It was never disclosed that the scammers were going to invest his pension in a UCIS fund which is illegal to be promoted to retail UK investors.

And again, significantly, he was not cold-called. He sought out Mr. Vilka and Square Mile. Nor did Mr. Vilka or Square Mile receive any payment from the Blackmore fund or its partner firms regarding Mr. Sexton’s transaction as confirmed by the Czech National Bank which has direct access to Square Mile’s company bank accounts via an electronic data box.  Are you talking about the accounts which haven’t been updated since 2014?

In sum, there is no bases whatsoever for the specious and actionable statements you make in your referenced post with regard to Mr. Vilka and Square Mile International.  I think you mean basis – and yes, there is a solid basis for all the statements I made in my post and not a single one of them is “specious” (although I am amazed you have even heard of the word).

Your comments have caused Mr. Vilka and Square Mile reputational damage, among others, and you are hereby instructed to delete the post immediately.  I sincerely hope that the impact of my blog has caused Vilka and his accomplice Ferguson to turn over a new leaf and arrange to pay compensation for Mr. Sefton and all their other victims who have lost part or all of their pensions to the Square Mile scams.

Your failure to do so will result in further damages to Mr. Vilka and Square Mile International, the accrual of further legal fees and costs, and the likelihood of litigation, all of which damages and costs we will recover from you.  Good luck with that.

If you have any questions or concerns or require further information, please don’t hesitate to contact me directly at (206) 319-3533. I look forward to confirmation of the removal of the identified defamatory materials. Thank you in advance for resolving this matter expeditiously.  I have no questions, other than to enquire as to when your client intends to pay redress for the losses caused by his fraud.

Best regards,

LOWELL DAVIES LLP

Douglas Davies Attorney at Law

8497 Hemlock Drive

Bainbridge Island, WA 98110

Direct Line: (206) 319-3533

doug@lowelldavies.com

July 20, 2018
Trussed by Dolphin Trust?
I’ve been very concerned about Dolphin Trust GmbH for some time. There’s an awful lot of pension money being loaned to this company – and I don’t get to hear of many (in fact any) people who have had their loans repaid. That doesn’t mean they haven’t been repaid – it just means I haven’t heard about it.

The things that bothers me about Dolphin Trust are:
1. There are no audited accounts available
2. Dolphin has been used by an awful lot of pension and investment scammers – including Stephen Ward in the London Quantum pension scam (now in the hands of Dalriada Trustees)
3. “Introducers” get paid eye-watering commissions of up to 25%
4. If the assets and projects are so good, why pay private lenders 10% interest (on top of the 25% commission) – why not just go to the bank?
5. I have recently heard that Dolphin and some of their dodgy “introducers” are now trying to convince lenders to take their loans back in the form of shares in the company
But the biggest concern I have is that Dolphin Trust formed a major part of the underlying investments in the Trafalgar Multi-Asset Fund scam – run by XXXX XXXX of Global Partners Limited and STM Fidecs in Gibraltar. This fund is now being wound up by Stephen Doran, of Doran + Minehane.

The Trafalgar Multi-Asset Fund and XXXX XXXX are currently under investigation by the Serious Fraud Office. Ironically, Justin Caffrey of Harbour Pensions once told me that XXXX came to see him to try to flog the obviously dodgy Trafalgar fund. Caffrey claimed he could see XXXX was an obvious spiv straight away and that Trafalgar was clearly bad news – so he sent the ginger scammer packing.

And then STM Group bought out Harbour Pensions and got custody of some of Caffrey’s Blackmore Global Fund worthless crap to keep the Trafalgar Multi Asset Fund worthless crap company. You couldn’t make it up! A bunch of toxic rubbish flogged by scammers Phillip Nunn and XXXX XXXX.

STM Fidecs had notified the hundreds of victims that there would be a distribution in early 2018 once Doran + Minehane had got rid of some of the Dolphin Trust loan notes. But then STM did a U-turn and announced there wouldn’t be a distribution at all. Clearly, getting shot of the loan notes was more difficult (or impossible) than Mr Doran first imagined. Or perhaps he did get rid of them – but got shares in Dolphin Trust or Vordere instead (and this is the reason for the lack of distribution by STM Fidecs).

Any way you look at it, Dolphin Trust is looking dodgier than ever now it is well known that there are £21 million worth of Trafalgar Multi Asset Fund loan notes out there looking for a warm and cosy (and gullible) home.

Quite apart from the fact that no self-respecting introducer or financial adviser should EVER be caught selling high-risk, unregulated, non-standard “assets” in the first place, surely nobody would ever want to be caught flogging the same stuff that the likes of XXXX XXXX and Stephen Ward were making a fortune out of.

I did try to call Dolphin Trust, but they don’t answer their phone. Maybe they don’t like cold calls (which is how most victims get scammed into lending them money in the first place).

Without the benefit of any assurances from the nice men at Dolphin Trust – Charles Smethurst, Helmut Freitag, Axel Krechberger and Matthias Ruhl – we will just have to hope that Mr Doran manages to offload the second-hand loan notes that STM Fidecs allowed 400+ victims’ life savings to be invested in. Perhaps I’ll drop him a friendly note and suggest he tries ebay.
June 29, 2018
BLACKMORE BOND – SHAKEN OR STIRRED – CARELESS OR STUPID?

In the wake of hundreds of victims fearing heavy pension losses in the Blackmore Global fund, we now have another disaster waiting to happen: Blackmore Bond.

This new threat to unwary investors has been analysed by Bond Review. Just to be clear, many people were duped into investing their pensions in the Blackmore Global UCIS fund – which has never published an independent audit. We now have a second threat offered by Phillip Nunn and Patrick McCreesh. Blackmore Bond PLC is promoting these unregulated, capital-at-risk bonds which purport to pay up to 8.5% per annum – but with potential for total loss. How many more people will this high-risk bond ruin financially?

BLACKMORE BOND – SHAKEN OR STIRRED – CARELESS OR STUPID?

Bond Review raises an intriguing question: how come Paul Careless and Surge Group have got involved with Nunn and McCreesh? Unless he has been careless (pun intended), Careless looks to have an unblemished past and Surge (in Brighton) looks to be a bona fide company.

In 2017, Careless’ company Surge Group offered £3,000 in sponsorship to the Kent Police rugby team. This was accepted, but then he tried to change the sponsor from Surge Group to Blackmore Bond. And Blackmore Global started claiming on their website to be “Proud supporters of Kent Police Rugby Team”. So why would Careless – himself an ex-police officer – try to con the police and also get into bed with Nunn and McCreesh?

Let us just remind ourselves that Messrs Nunn and McCreesh were the cold callers/lead generators in the Capita Oak and Henley Retirement Benefits scams which are now under investigation by the Serious Fraud Office. Nunn and McCreesh scammed/attempted to scam up to 300 victims a month for more than two years. Unsurprisingly, Kent Police declined the toxic offer to have any association between a law-enforcement agency and known scammers.

But here’s another puzzle: a geezer called Kenneth “Buzz” West also appears at first glance to be relatively harmless. He is a director of numerous companies – including European Wealth. The only stain on his reputation that I can find is that his former company, Ashcourt Rowan, was fined £412k by the FSA in 2012 for dodgy investments in his other company: Savoy Group. But Ashcourt Rowan held its hands up and paid the fine.

So why on earth would “Buzz” risk getting tangled up with Nunn and McCreesh? Buzz is now Chairman of two of their companies: Blackmore Group and Blackmore Bond. Unless his brains are shaken as well as stirred, he is committing professional suicide – knowingly and deliberately.

Or perhaps I am being too harsh. Maybe he has taken on the role of Chairman so that he can ensure that Blackmore Bond does not sell any toxic, high-risk products to low-risk victims; and also so that he can get the long-overdue Blackmore Global fund audit done. Maybe he also has plans to get the Blackmore Global victims compensated for their losses and distress suffered in the past couple of years.

We need to be very clear about Blackmore Global: it is a UCIS fund that was illegally promoted to retail investors in the UK and which unregulated David Vilka of Square Mile International was flogging to UK victims in the Hong Kong QROPS scam. This accounted for 64 victims with a combined transfer value of £1.6 million – all introduced by cold-calling firm Aspinall Chase – run by Nunn and McCreesh.

According to Companies House, Kenneth Buzz West is a Cypriot and resides in Cyprus.

It just so happens that I am going to Cyprus in a couple of weeks – so hopefully he will invite me for a wee drop of Zivania and Halloumi on toast. And once our whistles are whetted, we can discuss the Blackmore Global audit and compensation.

March 31, 2018
BBC 4’s You & Yours Exposes Blackmore Global Pension Scam

BBC Radio 4’s You & Yours reports on three victims of a pension investment scam called Blackmore Global, two of whom were cold called by David Vilka of Square Mile International Financial.

The three victims were persuaded to transfer their funds from secure company pensions into QROPS (Qualifying Overseas Pension Schemes). The victims have since struggled to track or recoup their investments in the Blackmore Global fund.

BBC´s You & Yours image of Stephen Sefton

Stephen Sefton, a driving instructor from Milton Keynes, was the main focus of the You & Your´s program. Most of his pension fund had been invested through the overseas pension scheme into a fund called Blackmore Global. The rest had gone into an investment fund in Malta. A year later disaster struck.

Stephen became a member of Pension Life after he was unable to track and evaluate his overseas pension investment. Upon calling the City regulator, the Financial Conduct Authority (FCA), he was informed that his adviser – David Vilka of Square Mile International Financial – was not regulated to give investment advice. Furthermore, the fund in Malta was a professional investor fund only and was not suitable for a retail investor like him.

Stephen, taking advantage of the new pension rules, had transferred £415,000 of his company pension scheme into a new pension in 2015. He wanted to access his money early and give some to his children. He had found the advisory firm online; seen the company’s FCA registration number of David Vilka’s firm (Square Mile International Financial based in Prague) at the bottom of the firm’s letters. What he did not realise, was that the firm was only regulated for insurance mediation, and not investment advice.

Stephen, managed to get most of his money back after pursuing his case for many months. However, he lost £30,000 of his investment as the fund in Malta dropped in value at the time of withdrawing his money.

Having succeeded in recouping a good chunk of his money, he received an email from Square Mile International Financial offering him a bribe of £6,000 to cease all contact with outside sources. This included regulatory authorities and Action Fraud!

David Vilka, one of Square Mile International Financial’s directors, claims this to be incorrect. Instead suggesting the amount was a goodwill gesture to close the matter amicably.

Unfortunately Stephen Sefton’s recovery of his money is a minority case, many other victims of the Blackmore Global Pension Scam are finding it difficult to recover their money.

David Vilka insists that Square Mile International Financial is a completely legitimate firm. He claims the firm has been “inspected and verified in full by numerous regulators”. Furthermore, Stephen’s reports to Action Fraud were returned saying it had not identified any leads to follow up.

The BBC also reported about another victim called Paul (not his real name):

“Paul” agreed to have his £100,000 pension fund transferred into another pension scheme and then invested in the Blackmore Global fund. This was after being cold-called by another company called Aspinal Chase who offered him a free pension review.

The small print stated investments were locked in for 10 years, which was way beyond Paul’s 60^th Birthday. This was not mentioned to Paul when he made the transfer. Fortunately he managed to escape the lock-in, however he has still been unable to access his funds.

Paul told You and Yours “I’ve got three grandchildren. I’d like to take them all to Disneyworld in America. I want to spend the money I’ve earned over the years. A bit of that money would pay off the last bit of my mortgage, so that is a big chunk of my future. I feel as though I’ve let the family down.”

The perpetrators – Phillip Nunn and Patrick McCreesh – are listed as Blackmore Global’s directors in a fund document seen by Radio 4’s You & Yours program, which shows they each earn salaries of £20,000 a year.

David Vilka was also the financial adviser for Paul and also for the third victim reported, Jacqueline. Another cold-call victim of Aspinal Chase, Jacqueline has had no access to her funds.

Blackmore Global’s directors have refused to release the £50,000 she invested. You & Yours quoted, Phillip Nunn and Patrick McCreesh: who said, only allowed redemption´s in exceptional circumstances to “protect the integrity of the investment for its other stakeholders”.

Phillip Nunn and Patrick McCreesh deny that their company, would engage in cold calling or pension advice. They claimed that any advice must have been given by separate, regulated financial advisers.

Nunn and McCreesh also say they have no financial relationship with David Vilka or Square Mile International Financial. In fact, they state they are totally independent from them! However, there has to be a good reason why Vilka has invested so many of his victims’ pension funds in the Blackmore Global fund – and risked criminal prosecution because Blackmore Global is a UCIS (Unregulated, Collective, Investment Scheme) which is illegal to promote to UK residents.

Pension Life is aware of a further 38 victims cold called by Aspinal Chase, Nunn & McCreesh´s firm. Originally being advised to transfer their funds into a Hong Kong QROPS, the victims´ funds finally made their way to the Blackmore Global fund. The total amount of funds scammed from these UK resident victims amounts to nearly £1,000,000!

To listen to the broadcast on the BBC’s website, click here.

To read the news story based on the You & Yours report, click here.

**************************************************

As always, Pension Life would like to remind you that if you are planning to transfer any pension funds, make sure that you are transferring into a legitimate scheme. To find out how to avoid being scammed, please see our blog:

What is a pension scam?

Follow Pension Life on twitter to keep up with all things pension related, good and bad.

January 31, 2018
PHILLIP NUNN – SCAM OF THE YEAR – BLACKMORE GLOBAL

Pension Scammer Phillip Nunn receiving an award for “Entrepreneur of the Year”

Phillip Nunn has been reported to Action Fraud – which John Ferguson of Square Mile Financial Services describes as being “nobody and with no authority” – on numerous occasions by victims of various scams.

Phillip Nunn, cold caller and “fund manager” of the Blackmore Global investment scam, was given the Entrepreneur of the Year Award by JCI Manchester, but this was reversed shortly afterwards:

“JCI Manchester have today been made aware that an audit may be being carried out in respect of the Blackmore Global Fund. This was not information we were privy to before Phillip Nunn was awarded a ‘Manchester Young Talent Award’ this week.

If such an audit is being carried out, we will await the results of the same and we will consider any other information which comes into the public domain. Pending this, the JCI Manchester board have decided to suspend the award given to Phillip Nunn.”

MYT Phillip Nunn Award Retraction

“An independent panel of judges formed their own view on Phillip Nunn’s submission based solely on the written application received.”

I would love to read Phillip Nunn’s submission. It would certainly make very interesting reading. I doubt it would have included the fact that Nunn and his accomplice Patrick McCreesh were cold callers and lead generators in the Capita Oak/Henley Retirement Benefits/multiple SIPPS/Store First scam – which led to well over 1,000 victims losing over £120 million worth of pensions.

The Insolvency Service produced a witness statement which stated:

“Members of CAPITA OAK indicated they were initially contacted by Craig Mason or Patrick McCreesh of Nunn McCreesh of Its Your Pension Ltd and offered pension review services prior to them being referred to JACKSON FRANCIS or Sycamore for the transfer of their pension to CAPITA OAK.

On 3.3.15 I received an undated letter in which it was stated that Its Your Pension had not traded and was a dormant company and that Nunn McCreesh had traded as an insurance brokerage between 2009 and 2012 when they entered into a verbal arrangement with TRANSEURO where in return for providing pension leads to JACKSON FRANCIS they received a commission from TRANSEURO.

Nunn McCreesh provided JACKSON FRANCIS with 100-200 leads per month which were provided by email and/or telephone for which they received £899,829.86 from TRANSEURO during the period 26.3.12 to 14.5.14.”

Phillip Nunn’s lawyers, Slater and Gordon (funny that, also nominated for an award) tried to claim that Nunn McCreesh’s involvement in the Capita Oak scam was “minimal”. But I wouldn’t describe generating 5,000 leads, cold calling thousands of victims and being paid nearly £900k “minimal”.

On the subject of Slater and Gordon, earlier this year they threatened me with defamation proceedings for exposing Nunn’s scamtivities. It was curious that they couldn’t see any conflict of interest in representing Phillip Nunn when they were also representing the very victims (of Capita Oak) whom he had cold called in the first place.

Slater and Gordon’s Steve Kunziewicz claimed that “Blackmore Global is a prestigious, multi-asset investment house with over £60 million in assets under management, offering institutional and high net-worth clients access to a wide variety of investment products in order to maximise their returns.”

But there is no audit for Blackmore Global and only evidence suggesting the fund is invested in toxic, high-risk, illiquid crap including:

Swan Holding PCC

Kingston Capital Partners (Belize private equity vehicle controlled by Nunn & McCreesh)

GRRE Invest

Spinaris 90 ( UK sports spread betting)

The Blackmore Global audit was promised more than a year ago but never materialised. The audit has now been promised “by the end of the year” – but Grant Thornton won’t specify which year.

However, far from the Blackmore Global fund being aimed at “institutional and high net worth clients”, Phillip Nunn targets low-risk pension savers using a variety of unregulated so-called “advisers” such as David Vilka of Square Mile Financial Services. Many of the Blackmore Global victims were cold-called and/or introduced by Phillip Nunn’s cold-calling outfit, Aspinall Chase. Some were transferred to Maltese QROPS run by Integrated Capabilities and Harbour (now taken over by STM) and to Hong Kong.

Blackmore Global is a UCIS fund – unregulated collective investment scheme. And it is illegal to promote these to UK retail investors as this was banned by the FCA in 2014.

I doubt the other nominees and award recipients will appreciate having been listed alongside Phillip Nunn who has a history of promoting other scammers’ pension scams and is now running one himself. Perhaps JCI Manchester ought to vet candidates for the Manchester Young Talent Awards more carefully in the future.

November 26, 2017
STM FIDECS – SAFE HARBOUR FOR ALAN KENTISH

Gibraltar’s most wanted man – Alan Kentish, CEO of STM Fidecs

STM Fidecs needed a safe Harbour. And now they’ve got one – but is it really safe?

LETTER TO ALAN KENTISH – CEO OF STM FIDECS:

Dear Al, hope you are well. I’m not anticipating a response to this because I know how difficult it must be to type emails when you’re wearing handcuffs. However, I thought I would drop you a line because I am genuinely worried about you.

STM’s harbour for investment scams

You see, I heard you’d bought Harbour Pensions for £1 million – a book of 1,600 members. But how many of these members will want to stay once they find out they are now in the hands of STM? If any of them have got any sense they will transfer out to a decent QROPS trustee who can be trusted to look after their pensions. STM Fidecs allowed hundreds of victims – advised by a known scammer running an unlicensed firm (XXXX XXXX) of the Pensions Reporter/Global Partners Limited) – to be 100% invested in XXXX’s own fund, Trafalgar Multi Asset (now suspended, under investigation by the SFO and being wound up).

The Trafalgar Multi Asset Fund was a sub-fund of the Nascent Platform – one of many operated by Custom House Global offering scammers a cost-effective place to waste pension pots. This provided a low-cost solution to wannabe fund managers to try their hand at playing musical money with victims’ life savings.

What surprises me, is that having proved that STM Fidecs is an incompetent firm run by inept – or perhaps even crooked – people, you would be splashing money around acquiring more victims and more toxic assets. Instead, you should have been paying compensation to your existing victims who may well have lost a substantial proportion of their retirement savings due to STM Fidecs’ own failings.

Having acquired Harbour, you have now added the toxic, illiquid, high-risk, un-audited Blackmore Global fund to your portfolio of worthless crap. Your balance sheet must need disinfectant and a good old scrub.

STM’s balanced portfolio of toxic investment scams – Trafalgar Multi Asset and Blackmore Global

Furthermore, you will now be in league with not one but TWO lots of scammers who are under investigation by the Serious Fraud Office. XXXX XXXX (Trafalgar Multi Asset) and Nunn McCreesh (Blackmore Global) were both behind the Capita Oak and Henley Retirement Benefit pension scams – all 100% invested in Store First store pods.

Seriously, Al, you should think about cleaning up your act – not making it dirtier and murkier. Hope those handcuffs don’t chafe too much.

Best, Angie

November 16, 2017
BLACKMORE GLOBAL; NUNN McCREESH; SLATER & GORDON; PENSION SCAMS

Pension Investments should be prudent and low risk. Not gambling on crap.

BLACKMORE GLOBAL; NUNN McCREESH; SLATER & GORDON; PENSION SCAMS

Blackmore Global is a UCIS (unregulated collective investment scheme) which is illegal to be promoted to retail, UK investors. The fund is run by Philip Nunn and Patrick McCreesh (formerly of Nunn McCreesh – the lead generation and cold calling firm which introduced around 8,000 victims to the scammers who were running the Capita Oak and Henley pension scams in 2012/13).

It is perhaps more than a little ironic that a pair of cold-callers who were facilitating hundreds of victims being transferred into schemes 100% invested in Store First store pods are now running their own investment fund – Blackmore Global.

Slater and Gordon is a very large firm of no-win-no-fee solicitors with an office in Manchester. I met their National Practice Group Leader and specialist in financial litigation and pension mis-selling in April 2015. His name is Craig McAdam. After going through the various scams I was handling at the time, and the appalling damage done by the scammers to thousands of victims, Craig was thoroughly up to speed on how the scams worked. He was also deeply committed to helping the Ark Class Action and other group actions.

Nunn McCreesh was the introducer of contacts for the pension scammers

Craig McAdam confirmed by email on 16.4.15 that he was looking forward to working with me. A week later he sent a draft engagement letter and confirmed that Slater & Gordon’s success fee would be 15% – although he did revise this up to 18% a couple of days later.

The following month Craig McAdam confirmed he would be attending a meeting with Dalriada Trustees and Pinsent Masons with members of the Ark Class Action. He also confirmed he would be talking to one of Stephen Ward’s many victims: a member of the London Quantum scheme whose trustee was Ward’s firm Dorrixo Alliance.

A month later, Craig McAdam was examining the Capita Oak pension scam run by XXXX XXXX and administered by Stephen Ward, and asked me to put forward one of the victims as a creditor. The Insolvency Service had wound up the trustee of Capita Oak: Imperial Trustees Ltd. Craig then asked me if I was happy for Grant Thornton to be appointed as the insolvency practitioner and I confirmed that indeed I was. I felt that Grant Thornton was a competent and ethical firm and could finally unscramble the mess created by the scammers behind Capita Oak and bring some form of resolution to the victims who were all introduced and/or cold called by Nunn McCreesh.

I was delighted that the same day, one of the Capita Oak victims put herself forward willingly and eagerly as a creditor and Craig McAdam confirmed this to Grant Thornton the following day. At the same time, Craig confirmed that one of the London Quantum victims was a client of Slater and Gordon and made a complaint to FCA-regulated Gerard Associates who had acted as the adviser in that case.

Later in June 2015, Craig McAdam confirmed that Slater and Gordon was instructed by the Capita Oak victim who had volunteered to be the creditor in the liquidation of the trustee of the Capita Oak scam. Craig also sent out letters of engagement to other victims.

In July 2015 I sent a copy of the Insolvency Service’s Capita Oak/Imperial Trustee Services witness statement to Craig McAdam. This statement confirmed that Philip Nunn and Patrick McCreesh’s firm Nunn McCreesh had supplied up to 300 leads a month (for 28 months) to the scammers who promoted and operated the Capita Oak scam: Jackson Francis, Sycamore Crown, Sanderson Clarke, Barncroft Associates, Nationwide Benefits Consultants, Speke Admin, Timoran Capital.

The Insolvency Service witness statement mentioned Nunn McCreesh several times:

“Members of Capita Oak indicated they were initially contacted by Patrick McCreesh of Nunn McCreesh and referred to Jackson Francis or Sycamore for the transfer of their pension to Capita Oak. I wrote to Mr. McCreesh to request a copy of any sales and marketing agreement with Jackson Francis or Sycamore and details of commission received.” Nunn McCreesh and their solicitors admitted they had been involved with the scammers and also Transeuro Worldwide Holdings – one of the main operators of the Capita Oak and Henley scams.

However, Nunn McCreesh was unable to produce copies of invoices or sales ledgers for the money received for their part in these scams. Their solicitors also confirmed that Nunn McCreesh received a commission of 8% of sales and the Insolvency Service stated that there was a “lack of transparency” by Nunn McCreesh.

The Insolvency Service also confirmed that some of the victims had been cold called directly by Nunn McCreesh.

Being in possession of the Insolvency Service’s witness statement clearly galvanised Craig McAdam into an enthusiastic confidence to take on the Capita Oak case and asked me to send him through contact details of all the members. He obviously realised that now the scam was clearly documented and the promoters – including Nunn McCreesh – were now identified without any question of doubt. It was also documented in the witness statement that Nunn McCreesh had earned £900k out of providing at least 8,000 leads for the scam – 300+ of which ended up in Capita Oak and 200+ of which ended up in Henley. It is not clear whether the 8% sales commission was on top of this. 8% of £10.8 million would have been a handsome sum indeed.

I provided Craig McAdam with contact details for the Capita Oak Class Action members and on 21.7.15 he confirmed that cases were “being opened up smoothly”. At the end of 2015, Craig attended a meeting of Class Action members and got to meet a group of victims in person. There can be no doubt that Craig, by now, thoroughly understood the wickedness of the scammers and the profound distress and impending financial ruin of the victims.

So for most of 2015, it looked like Slater and Gordon was going to represent the Capita Oak members – all of whom were initially introduced by Nunn McCreesh. And it looked like Grant Thornton was going to be appointed as insolvency practitioner to Capita Oak’s trustee – Imperial Trustee Services Ltd.

In the event, neither happened. But Capita Oak is now in the hands of Dalriada Trustees – appointed by the Pensions Regulator. And the organisers, promoters and administrators of Capita Oak are all under investigation by the Serious Fraud Office.

Slater and Gordon now represents Nunn McCreesh

In a very curious twist, Philip Nunn and Patrick McCreesh are now running the Blackmore Global UCIS. They are doing the cold calling and the pension administration, as well as running the fund. And you will never guess who their solicitor is: Steve Kunziewicz of Slater and Gordon (Manchester office). And you will never guess who their auditor is: Grant Thornton. You really couldn’t make it up.

Victims of Blackmore Global are indeed extremely distressed. They have either managed to redeem out of the fund at a loss after a protracted struggle, or they are stuck in the fund with no prospect of getting out of it any time soon (if ever).

A year ago, the underlying assets of the fund were confirmed to one victim by Optimus Fiduciaries Ltd, an IoM domiciled company managing the Optimus Retirement Benefits #1 QROPS. Further research discovered these underlying assets were a load of toxic, illiquid, high-risk crap.

Neither Slater and Gordon nor Grant Thornton will confirm what the assets are or how much they are worth – despite Nunn and McCreesh claiming the fund has “£17m under management”. However, £17m is nothing more than a meaningless figure on a piece of paper until such time as the assets are independently verified and audited. Nunn & McCreesh have promised to publish audited accounts for over 12 months now, but failed to do so. One can only assume that to do so would instantly crystallise a true value far below the imaginary £17m and result in a sudden collapse of the fund.

Nunn and McCreesh claim Meriden Capital Partners are the investment manager to the fund

I have asked Steve Kunziewicz of Slater and Gordon on numerous occasions this past couple of months to tell me what the assets are, but presumably Nunn and McCreesh won’t tell their own solicitor – any more than they will tell their own auditors. Perhaps they told the Blackmore Global investment manager, Meriden Capital Partners in Barcelona? The trouble is that Meriden Capital Partners deny that they were ever investment manager to the fund and that Nunn and McCreesh are lying.

I hope the irony of this situation is not lost on the gentle reader: Slater and Gordon solicitors and Grant Thornton being “gamekeepers turned poachers”. My suggestion to both firms is that they should choose their clients carefully and protect their public image diligently. Both firms should decide whether they want to be like Bark and Co who openly represent fraudsters, murderers, insider dealers, hackers, race fixers and other criminals. Or whether they want to be on the side of justice for victims of pension and investment scammers. Because they can’t do both.

September 13, 2017
BLACKMORE GLOBAL FUND – ASSET OR BLACK HOLE?
Blackmore or Blackhole Global fund

BLACKMORE GLOBAL FUND – BLACK HOLE?

A fund like Blackmore Global really ought to be audited as soon as possible – to make sure it isn’t simply a “black hole” into which victims’ hard-earned pensions have sunk. Numerous worried pension savers are stuck in the Blackmore Global Fund and finding it difficult – if not impossible – to get out. They are seemingly “locked in” for ten years.

I WOULD LIKE TO EXPRESS MY SINCERE THANKS TO THOSE – INCLUDING IFAs, PENSION TRUSTEE FIRMS AND BLACKMORE GLOBAL VICTIMS – WHO HAVE CONTACTED ME AND SUGGESTED IMPROVEMENTS, CORRECTIONS AND ADDITIONS.

Allegedly, Grant Thornton is working on an audit – and has been doing so since September 2016. They could probably have audited Microsoft in that time – and squeezed in Amazon on the side during the lunch breaks. Just how difficult can it be to audit a fund which only has a handful of assets in it?

Originally, the directors of Blackmore Global were Brian Weal, Patrick McCreesh, and Phillip Nunn.

Brian Weal – sanctioned by the FSC in 2014 – was also a director of Swan Holdings – the only investment that the Advalorem Value Asset Fund made. Brian Weal was also a director of Advalorem. Advalorem lost most of its money because the investments in Swan Holdings were overvalued. The valuations were supplied by Stuart Black who also provided valuations for a Hedge Fund called Heather Capital which lost $300 million because of overvaluations. Swan Holdings had invested a chunk of cash in Etaireia Investments. Stuart Black was a director of Etaireia Investments. Brian Weal owns a controlling number of shares in Etaireia Investments. So, make up your own mind as to whether having Weal as a director of Blackmore Global is a good thing or a bad thing – or a “black hole” thing.

As for Nunn and McCreesh, I will let Leonard Fenton of the Insolvency Service do the talking:
- Documents and information received from members of CAPITA OAK indicated they were initially contacted by Craig Mason or Patrick McCreesh of Nunn McCreesh of Its Your Pension Ltd and offered pension review services prior to them being referred to JACKSON FRANCIS or Sycamore for the transfer of their pension to CAPITA OAK.
- On 3.3.15 I received an undated letter in which it was stated that Its Your Pension had not traded and was a dormant company and that Nunn McCreesh had traded as an insurance brokerage between 2009 and 2012 when they entered into a verbal arrangement with TRANSEURO where in return for providing pension leads to JACKSON FRANCIS they received a commission from TRANSEURO.
- Nunn McCreesh provided JACKSON FRANCIS with 100-200 leads per month which were provided by email and/or telephone for which they received £899,829.86 from TRANSEURO during the period 26.3.12 to 14.5.14.
So, again, draw your own conclusions about those connected with Blackmore Global. Nunn and McCreesh generated up to 200 leads a month to pension scammers in relation to a series of pension/investment scams which are now under investigation by the Serious Fraud Office. This entailed £120 million worth of pensions being invested in Store First store pods which are now the subject of a winding up petition – and arguably worthless.

When I first started investigating the Blackmore Global fund in 2016, I started with the brochure which makes all sorts of grand claims: “medium to long-term investment vehicle with a diversified investment portfolio
under one structure. The Company allocates investment between four distinct protected cells, giving a true
diversification of assets between property, sustainable, private equity and lifestyle”. Yeah, right. But what are the underlying assets? Where is the audit?

The Fact Sheet goes on to claim the fund’s NAV is £17.65 million and was launched on 1st May 2014. So why no audit? It also claims that the Investment Manager is a firm in Barcelona called Meriden Capital Partners. I thought it a bit strange that a fund based in the Isle of Man would appoint an investment manager in Spain – especially one without a website. So I called Meriden Capital Partners and asked them to confirm that they were the investment manager. They claimed they had never heard of Blackmore Global. Then one of the partners called me back and told me that some man who didn’t give his name had come to their office and asked them whether they would be interested in being the investment manager for Blackmore Global.

The partner at Meriden Capital explained that they had declined because they were not licensed to provide investment management advice to a fund – only to private individuals.

But then I discovered that that hadn’t been entirely true either. Meriden Capital had actually completed an application form to apply to become the investment manager to the fund on 4th April 2014. So either Meriden Capital was lying or Blackmore Global was lying – or both.

The Blackmore Global NAV Factsheet also states that there is a ten-year lock-in to the fund. So why would anyone invest a pension in such a fund? A pension saver has a statutory right to a transfer and might want to take his PCLS – 25% tax free withdrawal at age 55 – or retire, or even die. What on earth is the point in using Blackmore Global for a pension at all? Ever.

As Grant Thorton is clearly having a little trouble with the audit of a five-cell investment fund, I will lay a wee trail of bread crumbs for them to look at. Clearly they can’t even find the underlying assets – let alone value them:

Swan Holdings PCC (controlled by Brian Weal)

Kingston Capital Partners (Belize private equity vehicle controlled by Nunn & McCreesh)

GRRE Invest – fund manager for aptly-named GRREIF fund (Green Renewable Redeemable Energy Investment Fund –

GRRE Investment Fund – suspended by Anguilla FSC. (Brian Weal recently resigned as a director but still holds a controlling interest in the Fund – https://beta.companieshouse.gov.uk/company/09132685/persons-with-significant-control)

Spinaris 90 – UK sports spread betting (invisible – and what happened to Aria Invest?)

Most of the victims of the Blackmore Global fund were initially cold-called by a firm called Aspinal Chase. And all the victims were advised by unregulated investment advisers Square Mile Financial Services (an insurance license does not cover regulated investment advice). But more worryingly, all of them were put into a QROPS in Malta or the Isle of Man. So why were UK residents transferred to an offshore pension at all, and why were most or all of their pension funds invested in a UCIS which is illegal to be promoted to UK residents?

The list of questions goes on and on. And here, we get back to whether the unscrambling of these pension and investment scams is more about who you know rather than what you know. One victim had his pension invested 75% in Blackmore Global and 25% in Symphony. Symphony was a fund invested in derivatives and highly leveraged. It was also a sub fund of the Nascent Fund run by Richard Reinert. Under the Nascent “umbrella” (a structure for wannabe fund managers) was also the Trafalgar Multi Asset fund which was run by XXXX XXXX who was one of the main distributors behind Capita Oak, Henley and Westminster – all of which are being investigated by the Serious Fraud Office.

Now we have gone round in a complete circle. A catalogue of lies, deception, fraud, mis-selling, negligence and incompetence.

I don’t envy Grant Thornton (if indeed they are the auditors) because they have got to unscramble this unholy mess. And I strongly suspect that, behind the scenes, there are certain parties who are busting a gut to ensure the audit is never published. Two of these may well be John Ferguson and David Vilka of Square Mile in the Czech Republic who seem to have a strong vested interest in promoting this black hole of a fund.

Meanwhile, the longer the victims are held back from transferring out of this toxic swamp of a fund, the more serious the complaints against the various parties involved will be. These will include the cold-calling scammers; introducers; advisers; pension trustees and insurance companies such as Investors Trust who allowed this investment and the pensions transfers from unlicensed advisers.

Finally, on the subject of Investors Trust, they showed not a shred of interest in the fact that they had facilitated financial crime in allowing UK residents to have their pensions invested in this UCIS, but when I published a photo of John Ferguson and David Vilka posing as a couple of gaudily-dressed spivs in Las Vegas, Investors Trust objected on the grounds the photograph was their property.

pension-life.com/top-10-deadliest-pension-scammers-hmrc/
July 7, 2017