JAMES HAY AND ELYSIAN BIOFUELS SCAM I always say that pension and investment scams happen because people, firms and authorities allow them to happen. This was very true in the Elysian Fuels pension liberation scam. Jack Gilbert of New Model Adviser broke the news today, 9.5.2017, of James Hay’s involvement in this: James Hay facing […]
JAMES HAY AND ELYSIAN BIOFUELS LIBERATION SCAM Read More »
The Pensions Regulator has sent out a clear message in the Johnsons Shoes case where an employer failed to comply with its legal obligations regarding workplace pensions: Our message is clear: fail to comply with the law and you may be fined. This was clearly the right course of action for the regulator to take
THE PENSIONS REGULATOR’S PLANS TO FINE PENSION SCAMMERS Read More »
Pension Life is joining forces with another group action in order to set up the Fraud Victims Task Force. The objective of this initiative is to reinforce the campaign to protect fraud victims. As outlined in Greg Mulholland’s motion before parliament was dissolved, victims want to see prosecutions and sanctions against those who commit fraud.
FRAUD VICTIMS TASK FORCE Read More »
The Tonight programme “How Safe is My Pension” aired on Thursday 4th May. An undercover “sting” exposed the operation of a pension cold calling scam. IFA Darren Cooke of Red Circle Financial Planning featured in the programme and spoke passionately about the dangers of cold calling. He ran a successful petition to campaign for a
Pension Cold Calling Scammers Read More »
HMRC are now sending out the tax demands (protected assessments) to victims of the Axiom UPT Pension Loan Scam. And we are busy appealing them. I have tried to contact Rex Ashcroft of Wealth Protection International to ask him what he intends to do to help the victims who were introduced to this scam by
Axiom UPT Pension Loan Scam Tax Demands Read More »
HMRC is reported to have collected a billion quid in APN tax demanded (Accelerated Payment Notice) in the past year. A figure of £2 billion is also reported in other Google searches according to other reports. We are talking about over 1,000 different types of tax – er – “planning” schemes flogged by accountants and
HMRC’s APN £1 Billion (or £2 Billion) Tax Demand: “TAKE THAT!” Read More »
In the Capita Oak pension scam, the “Ginger Scammer” – XXXX XXXX – is reported to have earned over £200k in transfer/administration fees alone. It is not known how much he earned in investment introduction commissions. The Ginger Scammer can afford to stump up some cash for the benefit of the victims of the Capita
CAPITA OAK – THE GINGER SCAMMER Read More »
What a wag that Michael Howard was on Saturday. But his timing is brilliant as we do have one little “mess” which needs sorting out urgently, and a bit of a hole – about the size of Howard’s mouth – in regulation and financial crime prevention in Gibraltar: the STM Fidecs/Trafalgar Multi-Asset Fund pension scam.
THE ROT OF GIBRALTAR’S “GOLDEN SA-TURD-AY AWARD” Read More »
Every time I think this book about pension scams is done and I can put it away, a new scam or scammer pops up and I have to rethink it. And every time I add in a new sentence or paragraph, the formatting and pagination need to be adjusted. But, however imperfect and unfinished it
ANATOMY OF A PENSION SCAM – eBOOK Read More »
Money doesn’t grow on trees – especially pension money and teak trees. Teak plantations, eucalyptus plantations and truffle tree farms are traditional pension “investments” of the scammers. One key example of such a pension investment scam was in May 2014 when the Pensions Regulator (tPR) banned the following scammers from being pension trustees for one
MONEY DOESN’T GROW ON TEAK TREES Read More »
The Pensions Regulator’s Lesley Titcomb has now officially and publicly declared that scammers are criminals. This begs the urgent question: why have so few – if any – of them been prosecuted? What we need now is all of the scammers behind bars and the keys thrown away. The purpose of the recently-published ebook “Anatomy
SCAMMERS ARE CRIMINALS – AND MUST BE PROSECUTED Read More »
This is the claim made by Holborn Assets’ CEO Bob Parker: “We are professional advisers adhering to the company’s mission which is to ensure that you get quality, independent advice and service, that your money is put in the right place at the right time and that you are treated with integrity and respect. Moreover,
HOLBORN ASSETS (OR LIABILITIES?) Read More »
