High Court Rules in Trafalgar Multi Asset Fund Case against James Hadley and associates. In a recent High Court judgment, Judge Mr. Nicholas Thompsell found that the Cayman-Islands based Trafalgar Multi Asset Fund (TMAF) was involved in an illegal conspiracy to “extract commissions from the investments.” The defendants, who were also behind the 2013 Store […]
Trafalgar Multi Asset Fund Judgement Read More »
The Spanish criminal trial of so-called “financial advisers” in Denia has exposed the widespread fraud routinely committed in offshore financial services for over a decade. This particular stage of this particular trial may be directed at just eight members of Continental Wealth Management and Premier Pension Solutions. For now. But the case – brought by
Fraud Trial Against Pension Scammers in Spain Read More »
January 28/29 2021 saw the cross examination of Stephen Ward in Pension Life’s criminal case in the Denia court. Ward gave the judge an elaborate explanation as to how and why none of the Continental Wealth Management pension and investment scams were his fault. Ward provided the pension transfer “advice” to hundreds of Continental Wealth
Vicious Circle of Stephen Ward’s and Dalriada’s pension scams. Read More »
One of my all-time favourite comedy lines is Greg Davies describing his middle-aged love life as “like trying to stuff a marshmallow up a cat’s arse”. My second-favourite comedy line is “Andrew Bailey has been such a failure at the FCA, that we’re going to put him in charge of the Bank of England”. My
Paul Feeney of Quilter and the Marshmallow Regulator Read More »
In the past decade, millions of pounds of pensions and life savings have been destroyed in Spain. Much of this has involved insurance bonds (OMI, SEB and Generali) – as well as all other popular expat countries. Only by benefitting from lessons learned so painfully by those who’ve already been scammed, can new potential victims
Armed Against Pension Scams in Spain Read More »
The recent awards given to Quilter Cheviot and Quilter International by International Adviser (sponsored by Quilter) must have sickened and disgusted many Quilter (OMI/Skandia) victims. Editor Kirsten Hastings’ saccharine and gushing words of praise will have been seen as offensive in the extreme by the thousands of victims who have lost their pensions and life
Manita Khuller Award – Justice Against All Odds Read More »
Recent data obtained by Quilter (formerly Old Mutual International and Royal Skandia) under a freedom of information request has further highlighted the issue of financial education, or rather the lack of it, with many casualties of fraud ‘unaware they may have fallen victim‘ to such a scheme. Quilter plc (the well-known asset/wealth management company, “life
Quilter: Critical or Hypocritical? Read More »
Expat financial services jurisdictions are taking civil and criminal action against investment and pension scammers. Meanwhile, Britain is taking no action to protect British people.
Pensions, Investments, Scams and Covid 19 Read More »
On July 18th 2017, Slater and Gordon Lawyers wrote me the below email. Lawyer Steve Kuncewicz clearly stated that Slater and Gordon acted for their client: Blackmore Global PCC Limited; Phillip Nunn and Patrick McCreesh. The full transcript is below – complete with my comments in bold. This is a 25-page document, so I don’t
Slater and Gordon and Blackmore (poacher turned poacher) Read More »
Today, 7th April 2020, was supposed to have been the second part of the Continental Wealth Management criminal trial. Obviously, due to Coronavirus, the hearing has been postponed. For now. As soon as the pandemic is under control and life in the courts (and elsewhere) gets back to “normal”, the hearings will be rescheduled. This
Fraud and Disloyalty in Offshore Financial Services Read More »
Britain has had a series of no-hoper pensions ministers. “Pensions minister” seems to be a position where peculiar people are stuck in – as square pegs in round holes – so they are out of the way and can’t do too much damage (as in challenging the government over its shameful failure to tackle pension scams).
Pension Fraud Tax Epidemic Read More »
This landmark Continental Wealth Management criminal case will inevitably shine a much-needed spotlight on the issue of offshore financial services generally. CWM was just one example (albeit an extreme one) of an international financial services culture which generally disadvantages and/or defrauds consumers. The cause of this culture is a combination of the obsession with the insurance bond cartel; the total reliance on (hidden) commission; the practice of churning (investing the same sum of money as often as possible to generate as much commission as possible) and the view that the client’s money and interests are secondary to the adviser’s.
CWM Criminal Case and Business Plan Read More »
