The 487 Ark victims have gone through pure hell since the Pensions Regulator appointed Dalriada Trustees to the Ark schemes. First they discovered from Justice Bean in the High Court that the scheme was a “fraud on the power of investment” and then they discovered that HMRC were going to try to tax loans at […]
Dalriada Standstill Agreement for Ark Scheme Victims Read More »
Incartus Investment Pension Scheme has been placed in the hands of Dalriada Trustees by the Pensions Regulator.We’ve seen some horrendous pension and investment scams, but until Dalriada completes the investigation into this scheme, we won’t know how bad this one is. When I first published my blog on Incartus, the scheme’s solicitors, CANTER LEVIN & BERK,
Incartus Investment Pension Scheme – in the hands of Dalriada Trustees Read More »
TRAFALGAR MULTI ASSET FUND (SUSPENDED) After the disasters of failed pension schemes Capita Oak, Henley and Westminster (aggregate of £20 million lost to over 500 victims through investments in Store First store pods – wound up by the Insolvency Service), there are now concerns about the suspended Trafalgar Multi Asset Fund of £20 million. The
Trafalgar Multi Asset Fund Read More »
HOW THE KJK INVESTMENTS AND G LOANS PENSION LIBERATION SCAM WORKED Members were told their pensions would be transferred into a SIPP managed by Corporate and Professional SIPP providers and a separate loan would be arranged through G Loans which was certified to be non-taxable by Optimum Tax Solutions. Now the victims are facing 55%
KJK Investments and G Loans Pension Liberation Scam Read More »
THE WAY THE WINDSOR PENSIONS PENSION LIBERATION SCAM WORKED Members were persuaded to transfer their pension into a QROPS and with a hefty transfer fee of at least 10%. The rest was liberated with no attempt to even try to clock the transaction in a “loan” vehicle. In fact, the transfers never went anywhere near
Windsor Pensions Pension Liberation Scam Read More »
HOW THE WESTMINSTER PENSION SCAM WORKED The Westminster pension scam was administered by Stephen Ward among others. Same sponsoring employer as Capita Oak i.e. R. P. Medplant Ltd. Cyprus. Same transfer administration spreadsheet using the same colours, spelling mistakes, names etc. The trustee of the Westminster pension scam was Thames Trustees. The trustee of the
Westminster Pension Scam – R. P. Medplant Read More »
SALMON ENTERPRISES PENSION SCAM – THE WAY THE SCHEME WORKED James Lau, allegedly a financial adviser with Wightman Fletcher McCabe operating from an office in the Regus building, Great Pultney Street, Bank London. Lau explained the Salmon Enterprises pension scam to clients using a series of diagrams that members could release funds from a pension
Salmon Enterprises Pension Scam – how it all worked Read More »
THE WAY THE PENNINES PENSION SCAM WORKED Members were targeted by “Cash From Pensions” and persuaded to transfer into Pennines to get an “unconnected loan” once they had transferred into the Pennines scheme which was invested in Hedge Capital. The scheme is now in the hands of Dalriada Trustees. There were around 143 victims with
Pennines Pension Scam: How it worked Read More »
HOW THE LONDON QUANTUM PENSION SCAM WORKED The London Quantum pension scam was the brainchild of Stephen Ward. Ward’s firm Dorrixo Alliance was the trustee and administrator of the scheme. Dorrixo was also trustee for a number of other pension liberation scams such as Headforte and Southlands which were used for “loans” when Evergreen got
London Quantum Pension Scam: How it worked Read More »
HENLEY PENSION SCAM THE WAY THE SCHEME WORKED This was the “sister” scheme to Capita Oak, whose trustee was Imperial Trustee Services. The Henley trustee was Omni Trustees. Both Omni and Imperial were wound up by the Insolvency Service in the summer of 2015 and the two schemes had around £20m invested in Store First
Henley Pension Scam Read More »
EVERGREEN RETIREMENT TRUST QROPS PENSION SCAM AND MARAZION LOANS THE WAY THE SCAM WORKED When Ark got shut down in June 2011, Stephen Ward flew to New Zealand and set up the Evergreen NZ QROPS liberation scam with Simon Swallow of Charter Square. Ward also set up a “loan” company in Cyprus called Marazion. He
Evergreen QROPS Pension Scam and Marazion Loans Read More »
DORRIXO Alliance is a pension trustee firm (for London Quantum among various others) run by Stephen Ward and his sidekick Anthony Salih THE WAY THE SCAM WORKED Dorrixo was a pension scheme administration and trustee company set up by Stephen Ward. It was the trustee for at least a couple of schemes – possibly dozens
London Quantum – Dorrixo Alliance Pension Trustee Read More »
