OMM, or Offshore Money Managers, has been living very well for far too long on the¬†back of a lie: that it is registered to conduct investment business.
But they are not, and dishonest Mr. Colin McCready knows it far too well in spite of which he has managed to get away with his insurance broker “DGT license” -which he is fully credited with having allowing him to sell car/house/life insurance policies- to conduct investment business, which he holds no license for.
That said, Mr. McCready has also been an exceptionally efficient tax-evading Equity Release travelling salesman (Jyske Bank, Landsbanki…), and that has placed him in the spotlight. Unfortunately for him, he has left a trail of incriminating obnoxious publicity that is causing anguish to countless pensioners.
According to the law under which he is regulated, the following needs to be observed:
Insurance brokers will provide truthful and sufficient information in the promotion, offer and subscription of insurance contracts and, in general, in all its advisory activities.
In the next posts we will publish part of Offshore Money Managers publicity to see if it at all, it does in fact comply with the above.