Jody Smart, sole director of Continental Wealth Management, has been found guilty of fraud, deception and swindling two clients out of £370,000 and sentenced to four years and three months in prison.
CWM Fraudster Jody “Smart” Jailed in Spain Read More »
Since 2013, thousands of clients of Planet Pensions – previously known as Aktiva Wealth Management and Square Mile International Financial Services – have been scammed out of their pensions. John Ferguson and David Vilka of Planet Pensions (Square Mile/Aktiva) advised UK residents to transfer their pensions into QROPS including: The clients were conned into these
PLANET PENSIONS S.R.O. – HELL ON EARTH FOR PENSION SCAM VICTIMS Read More »
The Post Office scandal is routinely referred to as being the worst betrayal of justice in British history. It is hard to argue that there could be anything worse than what the liars and fraudsters at Post Office Limited and Fujitsu (and their various lawyers) did to hundreds of innocent sub postmasters. But the Life
POST OFFICE V LIFE OFFICE Read More »
Insurance bonds and QROPS continue to flourish with thousands of victims being defrauded into these arrangements every year. The Leonteq structured note fraud has now settled out of court and there is some limited compensation payable to victims of Utmost International’s investment scams.
Utmost Leonteq Fraud Read More »
Every offshore pension scam starts with a “financial advisor”. Or, at least, a slick salesman posing as a financial adviser. This person can also call himself a “wealth consultant” or “senior associate”. After the scammer pretending to be an adviser, the next player is the life office. More accurately described as a “death” office, this
Pension Scams Explained Read More »
2021 was a tough year for everybody in the world. But for Pension Life it was especially frustrating because courts and law firms were severely held up as they got to grips with the challenges of Covid, travel restrictions and working remotely. Attending hearings and meetings by video conference was a hit-or-miss affair. The success
2021/22 Roundup for Pension Life Read More »
The world of pension and investment scams is dominated and driven by commissions on investments (usually unregulated). The scammers’ strategy is always identical: get the pensions away from the safety of a reputable pension provider and into the hands of a SIPP, a SSAS or a QROPS. One purported benefit of these types of schemes
Pension Scam Investments Read More »
haps “the end” will be just the beginning. A new dawn for an offshore financial services industry which sells proper financial advice – and not just commission-laden products.
CRIMINAL CASE AGAINST UNLICENSED FINANCIAL ADVISERS Read More »
The FCA seems to have woken up. It only took eleven years. Eleven years of laziness, torpor, disinterest and deliberately ignoring the problem. But, completely out of the blue, the FCA has suddenly got bored with crapping on bathroom floors and has decided to do a spot of rather belated regulating. The object of this
FCA Investigates Ark and AES Read More »
Utmost (formerly Generali) is proposing buying Quilter (formerly Old Mutual). The deal is due to be completed by December 2021. The agreed price is nearly half a billion pounds. It is reported that Margrethe Vestager, Vice President of the European Commission, has “approved” this acquisition. The “approval” by the European Commission of this deal is
Utmost Fraud approved by EU Commission Read More »
Brev at Bond Review has been doing the FCA’s job for it for more than four years. He (or she) has warned the public on the excellent Bond Review blog about the dangers of investment scams in the form of “bonds”. While the FCA have sat around doing little of any use – except keeping
Goodbye Bond Review Read More »
The following blog was written by Stephen Sefton: a Blackmore Global Victim who cares about pension scams. Stephen was scammed by David Vilka of Square Mile International Financial Services around six or seven years ago. Vilka, who had neither qualifications nor a license to provide pension or investment advice, arranged the transfer of Mr. Sefton’s
Blackmore Global pension scam victim who cares Read More »
