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 »
Will new chancellor Richi Sunak have the balls to dump Andrew Bailey? Will he understand what needs to be done to reform the FCA? Will he make a name for himself as a hero or just hopeless?
Chancellor must dump Andrew Bailey Read More »
Blackmore is two scams for the price of one: Blackmore Bond and Blackmore Global Fund. Both run by Phillip Nunn and Patrick McCreesh of Blackmore Group. Blackmore Bond is a “loan” scheme (bond) which has conned £25 million out of hundreds of victims and is now in default. Blackmore Global is an “investment” scam which
Blackmore Scam by Nunn & McCreesh Read More »
The routine “sale” of insurance bonds (whether the clients need them or not – which 99% of the time they don’t) is illegal in Spain. Undoubtedly this will be similar or identical in other jurisdictions. The Spanish Supreme Court has ruled that insurance bonds are invalid for the purpose of holding investments. But still the scammers continue to flog them indiscriminately – purely for the fat commissions.
CWM Criminal Trial 24th February 2020 Read More »
Meghan and Harry – the Duke and Duchess of Sussex – are having a tough time (and are running away from home). Their sadness and confusion is because they have no purpose or passion in life. So I am offering them an interesting and satisfying challenge: taking on and championing the cause of pension scam
Meghan and Harry’s New Challenge: Pension Scams Read More »
Pension and investment scams have flourished on the Costa Blanca for more than ten years. As each scam gets shut down, the scammers set up new ones – scammers never change their spots. They need new victims constantly – so the public must always be vigilant.
Pension Scammers in Spain – CWM must be a lesson to all Read More »
As the decade comes to a close, it is clearer than ever that victims of investment fraud need justice. The dirtiest stain on society is that of pension and investment fraud. Scammers have made fortunes out of pension and investment scams in the UK and across the globe – in all leading expat jurisdictions. With
Victims of Investment Fraud need Justice Read More »
FCA and FOS continue to dismay and disgust; CWM criminal case set to change offshore financial services; Forged dealing instructions epidemic; Offshore advisory firms without an investment license. It now emerges that on top of a failed “City Watchdog” (the Federated Consolidation of Apathy) we also have not just one, but two failed ombudsmen. The
Pension Life – Pension File November 2019 Read More »
I’ve been asked by a number of Park First investors to help them decide how to vote in the forthcoming vote – 25th November 2019. There are many options and decisions, with communications coming out from various related and interested parties. It is understandable that investors have some difficult choices and are being given conflicting
Normally a great fan of FT Adviser – and their excellent, independent journalists – I was horrified at the recent “Guide to Structured Products” (particularly the section on how risky they are by Craig Rickman). Noting that this article can be used towards CPD credits, I was astonished that so little attention was paid to
How risky are structured products – and fireworks? Read More »
