5 Comments

  1. Peter Jones
    June 2, 2020 @ 4:08 pm

    At the end of the day, the victims are willing partcipitants of the scammers sales pitch. I am not saying the victims are stupid people, gullible maybe and greedy definitely. Even the les inteligente of us know that it its to good to be true, it ALWAYS is. You are simple a victim of your own greed.

    Reply

    • Angie
      June 3, 2020 @ 6:29 am

      I am genuinely interested in why you think this. What leads you to this conclusion?

      Reply

    • The Book
      June 3, 2020 @ 9:45 am

      I assume you are an offshore adviser, given your English language skills.

      Perhaps, if you looked at the tactics these offshore sales people use, you may come to a different conclusion.

      Advice about UK pensions has been shocking. A large part of this advice has been about making up false facts about UK pensions in order to worry the investor into moving the pension. Not so much greed, but a false belief that the UK pension is somehow in danger if left alone. Given the very high consumer protection in the UK, it beggars belief that the pension is more secure offshore. Is there any evidence of a non-UK regulator awarding compensation to an investor?

      Interest rates are so low that savers need income, it is not about greed. If they are told something is guaranteed, with a better rate, they may feel they have to invest to put food on the table.

      As for the gullible, fraudsters will prey on them.

      Reply

    • Itamar Engelsman
      June 3, 2020 @ 2:02 pm

      Hi Peter, is being offered up to 6% yearly increase too high ? Am I stupid that I did not anticipate some hidden costs that they are very cleverly hiding from their clients ? And then the investment due to the very high costs has actually reduced in value instead of increased. And for that you say that I am stupid ? Greedy that I expect some profit instead of a loss ? For sur eI am a victim but most certainly not of greed !

      Reply

      • Angie
        June 3, 2020 @ 2:31 pm

        I am also surprised that Peter Jones has not replied to my request for an explanation as to why he believes victims are “willing participants” and victims of their own greed. But he (if it is a “he”) hasn’t provided an answer. So I looked up the IP address and it says the post has come from Moraira or Javea in Spain. Interestingly, this is where Stephen Ward is based (and he’s due in court on fraud charges soon). Just saying 🙂

        Reply

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