4 Comments

  1. Malthusian
    April 6, 2019 @ 1:30 am

    “If Store First wins, the investors will get at the very least half their money back.  If they are patient, they may even get it all back.”

    What is the basis for this absolutely extraordinary claim?

    The investors’ money is long gone. We both know how a scheme like this works. You know better than most where the investors’ money went and we both know it ain’t coming back.

    Why are you attempting to give false hope to the victims?

    Reply

    • Angie
      April 7, 2019 @ 2:24 pm

      A firm offer was already made to buy the pods back for at least 50% – but Dalriada Trustees turned it down.

      Reply

      • Malthusian
        April 8, 2019 @ 3:37 pm

        Great news. When the Official Receiver takes over Store First they can simply give this mysterious mug a call. Job done. How is that a reason to leave the scheme in the hands of Toby Whittaker?

        Why did Dalriada turn it down? Was this firm offer contingent on Dalriada paying all the “legal fees”, perchance?

        Reply

  2. Stephen
    April 6, 2019 @ 6:38 am

    Nunn & McCreesh, mentioned in the above report – No.13 in the key players- received almost £1m for providing 200 leads a month later went on to form two more companies, Aspinal Chase and Pension & Life UK Ltd plus their own fund – Blackmore Global. Together with a with a firm owned by John Fergusson and David Vilka, Directors of Square Mile International Financial, they set set about recruiting subscribers to their own opaque unregulated fund.

    Subscriptions came from UK defined benefit transfers via offshore QROPS in the Isle of Man, Malta and Hong Kong who willingly facilitated the operation.

    Angie published a definitive email, written by Ferguson – also director of Lillywhite International http://lillywhiteint.com/about-us – setting out unambiguously the business objective to [mis-]advise retail clients to transfer pensions in the funds owned by whoever introduces the client – i.e. a one-size fits all [mis-]advice regardless of client’s best interest, simply to raise subscriptions to the fund of the introducer – https://pension-life.com/not-so-square-mile-and-far-from-lilly-white/

    Nunn & McCreesh shut down Aspinal Chase, have also tried to erase all record of their involvement – but I hard evidence of their involvement – and appeared to “mothball” the opaque Blackmore Global Fund, switching instead to offering mini bonds in their new venture Blackmore Bonds reported extensively by Bondreview – https://bondreview.co.uk/2019/03/01/blackmore-leaps-into-new-era-of-transparency-by-declaring-up-to-20-commissions/

    The BBC reported the business relationship between Nunn & McCreesh and Square Mile – https://www.bbc.co.uk/news/business-42776709 – and a pathetic cash offer made to me to try to silence me.

    Nunn & McCreesh’s legacy is a road littered with victims of pensions scams left facing financial ruin in their retirement.

    They have engaged in nefarious activity stretching back to 2012 – 7 years! Here we are in 2019 and no one has been prosecuted and the actors in all these scams continue to trade with impunity. I submitted a complaint to Action Fraud only to be told they were not going to investigate it even though I have a shed load of hard evidence showing the [mis-]advisor – Vilka – used fraudulent misrepresentations in the [mis-]advice he was providing!

    The message sent by the impotent authorities in ALL jurisdictions, including UK authorities, is: “get rich scamming people, we don’t really care and will do nothing to stop you. Why do an honest days work when you can simply take money from huge pension pots?”

    It’s disgraceful.

    Reply

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