Pension Life was saddened to hear the news that David Trinkwon has passed away. David Trinkwon, coordinator of the EEA Investors’ Group had for a number of years campaigned passionately against EEA Fund Management (Guernsey) Ltd – “EEAFMG”) to help 1000´s of victims of the toxic, collapsed fund.
David Trinkwon established EEA Litigation Management early in 2016 to pursue legal action against EEA Fund Management in a class action for investors who have been trapped in the fund since 2011. Between 2005 and 2011, it is estimated that EEA Fund Management took in around £600 million from investors.
Redemptions of the EEA fund were suspended in November 2011 after then FSA managing director Margaret Cole branded traded life settlements ‘toxic’ products. However, an earlier warning was made to the industry in early 2010. But this was deliberately ignored by both advisers and pension trustees as the investment introduction commissions were a very juicy 15%. Advisers such as Stephen Ward of Premier Pension Solutions in Moraira in Spain were flogging as much EEA as they could get out of the door to earn these commissions, and QROPS providers such as Concept Trustees in Guernsey were offering EEA as one of their (limited number of) investment choices. Further, Concept was in some cases accepting investment instructions from Stephen Ward for 100% of victims’ pension funds to be invested in this one toxic, high-risk fund.
Here at Pension Life, we applaud the work David Trinkwon has carried out so steadfastly and passionately for years. His hard work will be sorely missed in the world of prevention and cure of investment and pension scams. I personally met David on several occasions – in London and here in Spain. He had a great knowledge of the world of offshore finance and devoted a great deal of his time and effort to trying to help the thousands of EEA victims.
Very sad news. I had tremendous respect for him. He helped me save my pension pot from complete devastation.
I am a personal investor in EEA Life Settlements Fund.
As we are aware it continues to have nothing to cheer its investors with and pay outs to Run-Off shareholders remain spasmodic. Also, I find the periodic Portfolio Updates are very similar to previous ones, nor does its website provide any additional facts.
I would be grateful if you could provide any additional information on the Fund going forward.
Davis Trinkwon was a very source on providing his opinion on the state of the Fund and the possibilities of future pay outs.
Sadly I cannot take over from where David left off. I don’t have access to the information, intelligence and analytic tools he had. He was a superb specialist and understood intimately how EEA worked and could see behind the publicly declared facts and figures (and lies). It remains a mystery why the Guernsey regulator has been so utterly inept and why the directors of EEA have not been sanctioned. However, it would be very interesting to know who your adviser was – you can email me privately [email protected]