• admin posted a new activity comment 6 days, 17 hours ago

    In reply to: eddie posted an update in the group Rothschild Victims do independent financial advisors have to be registered with ComisiĂłn Nacional del Mercado de Valores CNMV in Spain and is there any other regulator that […] View

    companies have to be registered and individuals must have specific education and on the following link http://cnmv.es/Docportal/Legislacion/Titulos/ListadoTitulos.pdf you can see the studies authorized by CNMV

  • admin posted a new activity comment 6 days, 17 hours ago

    In reply to: billmac posted an update in the group Jyske Bank Victims Our debt has increased substantially and we are having to pay 185 euros a month to help service the interest. At age 82 it’s not how I thought life would be. View

    If you want us to review your documents and see if we are able to help you, you can email us at info@erva.es

  • admin posted a new activity comment 6 days, 17 hours ago

    In reply to: GOAD became a registered member View

    Yes, there are ongoing cases against Jyske bank, but we are still waiting for the judge to fix the date for preliminary hearing of the case

  • admin posted a new activity comment 6 days, 17 hours ago

    In reply to: GOAD became a registered member View

    Yes, there are ongoing cases against Jyske bank, but we are still waiting for the judge to fix the date for preliminary hearing of the case

  • The Appeal Court in Malaga has ordered the cancellation of a mortgage loan that was granted in favour of Surrenda Link Mortgages (SLM) on grounds that this company offered loans for investments but also, were […]

  • admin posted a new activity comment 3 weeks, 6 days ago

    In reply to: charlie posted an update in the group Rothschild Victims Is this site really still active. I posed a question 2 months ago and have received nothing in return View

    Dear Charlie,
    Please do let us know what you require, but kindly note that we are unable to disclose any personal information. You can email us at info@erva.es for any queries or comments.
    Kind regards,

  • In reply to: admin wrote a new post, CHANGE OF FORTUNES: BANKS SET TO LOSE MILLIONS WORTH OF EQUITY RELEASE CONTRACTS A recent ruling by the Appeal Court of Bilbao -confirming an earlier ruling by the Court of First […] View

    Dear David,
    I am afraid that your understanding of the Law about loan is not correct, loans are not annulled if not repaid within 5 years, but within 15 years and it is enough if the lender sends you a formal notification before the 15 year period expires to make the validity of the loan to continue and request the full repayment.

  • In reply to: admin wrote a new post, CHANGE OF FORTUNES: BANKS SET TO LOSE MILLIONS WORTH OF EQUITY RELEASE CONTRACTS A recent ruling by the Appeal Court of Bilbao -confirming an earlier ruling by the Court of First […] View

    Dear Linda,
    Please email us for further details on your case, when you say that you have lost your property, do you mean it has been repossessed? You can email us directly at info@erva.es

  • An Estepona Court has order an indefinite stay of proceedings in respect to a foreclosure case brought by Nordea against a Danish Equity Release victim.

    Nordea’s aggressive stance was met with resistance […]

    • STANDARD CONTRACT TERMS – SCTs

      All financial products are subject to SCTs between investor/borrow and bank/product provider.
      Many of the visible terms in these contracts are grossly unfair …. whilst additional unfair “terms” are cleverly concealed.

      Amongst the tricks employed by the banks and financial product providers include:-

      * Concealing draconian early exit penalties
      * Representing unqualified and incompetent “agents” as professional IFAs
      * Failing to disclose huge commissions paid to agents
      * Neglecting to disclose fees, charges and commissions paid to accountants, lawyers and third parties.
      * Failing to disclose conflicting interests between banks, their agents and the public

      The financial services industry now appears to view their products as an opportunity to rob the public rather than assist the public. To this end they cloak their SCTs in vague, technical jargon which are indecipherable to the public – and sometimes to their own employees!

      A huge number of scams operated in Spain by fraudulent companies sometimes based in the Isle of Man, Jersey and Guernsey are responsible for many thousands of pensioners losing their life savings and sometimes their homes. This has bought disgrace and shame on the industry and people now flee in terror at even the mention of “investment funds”, “mortgages”, “equity release schemes” or even simple savings accounts.

      Standard Contract Terms (SCT)
      Unfair Contract Terms (UCT)
      Rip-Off Contract Terms (RCT)

      The three are often undistinguishable from each other.

    • I could not agree more. The mere mention of banks, investment portfolios and 5 year horizons sends shivers down my spine. Nordea was one of the worst culprits. Their method was somewhat simplified, to their minds. Once they had lost some 25% of the value of the portfolio they converted the investments to cash as they admitted they did not want to lose any more money. Then started foreclosure proceedings to recoup the money they had lost by their incompetence. If only they had left the money in the portfolios, eventually they would have clawed most, if not all of the monies back. Now we hear that Nordea Private Bank Luxembourg have abandoned the sinking ship and sold out to another bank. At last the courts are slowly coming to realise the gravity of the situation that Nordea have left many of their customers in and refusing to rule in the banks favour in foreclosure proceedings.

  • A recent ruling by the Appeal Court of Bilbao -confirming an earlier ruling by the Court of First instance-is to set the ground for future cases on the so-called Equity Release mortgage loans.  Three Judges […]

    • Congratulations to all SLM victims. It has taken some 9 years to get to this stage, but worth it in the end. Hopefully the Courts of First Instance will take this on board and uphold this very important and ground breaking ruling

    • Congratulations to all SLM victims caught up in this scam. Hopefully the Courts of First Instance will take this on board and rule accordingly against any bank or financial institution tha5 have peddled their products in Spain

    • More good meals for the cause. Hopefully the Courts will now take this ruling on board.

    • This is wonderful news about the court’s decision.We wish all the poeple who have been caught up in this scam the very best in the future.

    • To:- A ROTHSCHILD VICTIM

      Your comments about the “winners” being so-called “IFAs” are totally valid.

      The vast majority of these con merchants were not licenced, qualified, regulated or registered, they were bogus opportunists only interested in the huge commissions paid to them by the Premier Group and others involved in the scam. Many were recruited by Mr Charles Walton (a Premier director) who never examined (or deliberately ignored) their credentials – the Premier Group then represented them to the public (in writing) as “professional financial advisors”.

      These greedy slicksters knew nothing about financial products and everything about how to trick people into either losing their houses or transferring their life savings directly to the Premier Group.

      The Premier Group refuse to disclose how much commission was received by their “assistants” – maintaining this secrecy by paying them via a shell entity registered in the British Virgin Islands, a company which never produces any accounts. Over the years the Premier Group transferred ÂŁmillions to this company where the money just disappeared into thin air.

      The slicksters have now all vanished and it is highly doubtful that any of them paid any tax to the Spanish Inland Revenue (La Hacienda) on earnings accrued in Spain – or more accurately, the proceeds of crime.

      Yep. These are the real “winners” and they will probably escape!

    • To:- A ROTHSCHILD VICTIM

      Your comments about the “winners” being so-called “IFAs” are totally valid.

      The vast majority of these con merchants were not licenced, qualified, regulated or registered, they were bogus opportunists only interested in the huge commissions paid to them by the Premier Group and others involved in the scam. Many were recruited by Mr Charles Walton (a Premier director) who never examined (or deliberately ignored) their credentials – the Premier Group then represented them to the public (in writing) as “professional financial advisors”.

      These greedy slicksters knew nothing about financial products and everything about how to trick people into either losing their houses or transferring their life savings directly to the Premier Group.

      The Premier Group refuse to disclose how much commission was received by their “assistants” – maintaining this secrecy by paying them via a shell entity registered in the British Virgin Islands, a company which has never produced any accounts. Over the years the Premier Group transferred ÂŁmillions to this company where the money just disappeared into thin air.

      The slicksters have now all vanished and it is highly doubtful that any of them paid any tax to the Spanish Inland Revenue (La Hacienda) on earnings accrued in Spain – or more accurately, the proceeds of crime.

      Yep. These are the real “winners” and they will probably escape!

      • More information for the “victim” …

        The equity/money “released” from mortgaging unsuspecting victim’s homes in illegal “equity release schemes”, was bequeathed to investment funds which were worse than a heap of crxp.

        Any donkey could administer an investment fund better than the Isle of Man based Premier Group: and the huge fees charged by these funds, combined with substantial, undisclosed commissions paid to the unregistered and unqualified spivs posing as “financial advisors”, added up to nearly 20% of the value of the “released equity” – resulting in only 80% of the money finding its way into incurably funds where it was expected to “work” as if it was 100%.

        Ethical practice necessitates the incremental write-off of these fees over a five year period – and not their deduction on the first day. But then ethics and integrity were not a part of the SITIRs marketing plan which was focused on acquiring the equity contained in pensioner’s homes and gumming it into zombie funds which were principally intended to enrich the fund managers and various parasites and sycophants – but rarely the “investor” whose house had been mortgaged.

        When the spivs told innocent people/pensioners that relocating visible assets from property (which is assessable for Spanish inheritance tax) to some (dodgy) investment fund based in the Isle of Man would excuse any tax liability they were telling porkies. Worse than that! They were assisting in committing a criminal offence!

        So regardless of “your particular case”… . you have been conned and to discover how this trick is now unravelling you should continue to watch these pages!

    • To Rothschild victim

      No offence intended and I apologise if the remarks were taken as such.
      Sure we (mostly elderly people) were all conned, the trouble is that other people still deny it and, as you remarked in your original post, many of us may not be restored to the position we were in before the fraud took place.

      Events are still unfolding and the campaign will continue until justice is finally obtained.

      Love maria

    • Can I ask what the situation now is regarding selling a property?

      I’ve been out of the loop since 2010 when I left Spain but now my ex-husband has returned to England as he had to have his leg amputated and wants to sell the property to existing tenants. Though we’re now divorced I’m still on the escritura.

      Having lost all our property through the scam he’s now in sheltered housing and has only been given one year’s tenancy and housing benefit because of the house in Spain.

      Neither of us has any funds for solicitors.

      • Dear Linda,
        Please email us for further details on your case, when you say that you have lost your property, do you mean it has been repossessed? You can email us directly at info@erva.es

    • Dear David,
      I am afraid that your understanding of the Law about loan is not correct, loans are not annulled if not repaid within 5 years, but within 15 years and it is enough if the lender sends you a formal notification before the 15 year period expires to make the validity of the loan to continue and request the full repayment.

  • The Appeal Court in Bilbao has upheld last year’s ruling by the Court of First Instance 11 in Bilbao and determined that  mortgage loans granted by Surrenda Link Mortgage (SLM) to invest with Premier Group […]

    • Hello … Does anyone know whether or not SL Mortgage Funding No 1 Limited, have appealed against the Bilbao Court of Appeal judgement? … Thank you …

  • BREAKING NEWS
    The Court of Appeal in Bilbao has dismissed totally the appeal launched by the SLM (Surrenda Link Mortgage) Madrid-based lawyers and upheld the first ruling of the Court of First Instance 11 in […]

    • It will be interesting to see if SLM decide to apply for permission to take this to the Supreme Court. I presume if they did and again lost then the Supreme Court could make a ruling that would benefit all victims of the various banks involved. I am also surprised that the Spanish regulatory body have not yet become involved and fined these banks. If this was the USA or U.K. they would have come down on the banks by now.

    • Hello … Does anyone know whether or not SL Mortgage Funding No 1 Limited, have appealed against the Bilbao Court of Appeal judgement? … Thank you …

  • Euan Armstrong, member founder and current President of ERVA, has managed to persuade a Court in Coin to dismiss loan foreclosure proceedings brought by Danske Bank International S.A. in 2010.

    The victim of […]

    • Well done Euan, you deserve this, Good luck

    • Well done Euan, you deserve this, Good luck.

    • Congratulations Euan all the best nice to see someone WINs

    • congratulations Euan hope I have success 24th October having lost the house hope to be successful with the appeal.
      Alan

    • Congratulations Euan and we hope the next step will be successful as well for you.There is hope for us all now.Keep pushing for justice.

    • Congratulations Euan,and the best of luck with the next step in your flght for justice.Keep pushing.

    • Janne Christgau ….. anybody can contact me at captaineuan@sunnyspain.org and I can sympathise with them and report on my situation. The an to talk to is Antonio Flores at lawbird in Marbella who is fighting for us every inch of the way. His email is aflores@lawbird.com and he willl be very happy to help so please contact him directly and good luck. In the meantime we continue the action against Danske Bank and hope to gain a Court appearance/trial very soon

    • Euan,

      So happy to hear of your success. Well done, it’s been a long hard fight. Congratulations.

      They didn’t know what they were taking on – a border reaver Armstrong.

      Bill Mc.

    • Hello Euan. Some success at last. Let’s hope the next stage of the fight will be equally successful and you and all victims will one day be clear of these fraudsters.

  • ERVA has compiled a list of known Equity Release Court rulings. The Courts have all found in favour of the victims and ordered the mortgage loans to be removed or have rendered the foreclosure proceedings invalid. […]

    • Important to remember that these illegal schemes were designed to “release equity” for financing fraudulent “investment funds” – like those operated by the Premier Group (Isle of Man) Ltd.

      These funds were being “milked“ by dozens of parasites including banks, lawyers, accountants, fund managers, fund promotors and sales agents. Even if the funds had been viable entities the amount of money being stolen would still have destroyed them – which is exactly what happened!

      The victims of these illegal equity release schemes were up against dozens of crooks.
      Thankfully they have now met their match!!!

    • Important to remember that these illegal schemes were designed to “release equity” for financing fraudulent “investment funds” – like those operated by the Premier Group (Isle of Man) Ltd.

      These funds were being “milked“ by dozens of parasites including banks, lawyers, accountants, fund managers, fund promotors and sales agents. Even if the funds had been viable entities the amount of money being stolen would still have destroyed them – which is exactly what happened!

      The victims of these illegal equity release schemes were up against dozens of crooks.
      Thankfully they have now met their match!!!

    • Hi, I am not a victim of Nykredit nor do I know the company or the victim,

      I am however a victim of another band of bank robbers and suggest the victim in your case discusses his case with a lawyer.

  • Having the Appeal Court notified the parties that by the end of June they would have resolved the appeal to the Equity Release “Bilbao case” ruling, it is almost October and there is no official […]

  • A decision by the The Appeal Court in Bilbao in respect to the nullity and voidness of the SLM mortgages has been announced for the 17th of June 2017, a record time by regular Court standards. For this reason, […]

    • ISLE OF MAN – HOME OF CRIME

      Another Isle of Man fund provider – The Louis Group IOM – goes bust for over ÂŁ40m taking with it investors savings in what the liquidators term “a financially devastating experience” …. The liquidators also noted the “pivotal” role which Alan Louis played in the company’s collapse where he “seemingly personally benefitted from the transfer of millions of pounds of investor sourced funds to his own personal accounts”.

      Proceedings against the directors of the Louis Group are taking place in the Isle of Man High Court – and the Louis Group is also being investigated by the island’s financial crime unit. Meanwhile “investigations” also continue into The Premier Group which has heavily involved in the illegal equity release SITIRS scheme which scammed many pensioners in Spain, resulting in the loss of both their savings AND in some cases their homes.

      Will the Isle of Man government finally put a stop to these scams?
      Will pigs fly?

      NEVER BANK OR INVEST MONEY ON THE ISLE OF MAN!
      YOU COULD LOSE ALL OF YOUR LIFE SAVINGS – AND YOUR HOME!

    • ISLE OF MAN – HOME OF CRIME

      Another Isle of Man fund provider – The Louis Group IOM – goes bust for over ÂŁ40m taking with it investors savings in what the liquidators term “a financially devastating experience” ….
      The liquidators also noted the “pivotal” role which Alan Louis played in the company’s collapse where he “seemingly personally benefitted from the transfer of millions of pounds of investor sourced funds to his own personal accounts”.

      Proceedings against the directors of the Louis Group are taking place in the Isle of Man High Court – and the Louis Group is also being investigated by the island’s financial crime unit. Meanwhile “investigations” also continue into The Premier Group which has heavily involved in the illegal equity release SITIRS scheme which scammed many pensioners in Spain, resulting in the loss of both their savings AND in some cases their homes.

      Will the Isle of Man government finally put a stop to these scams?
      Will pigs fly?

      NEVER BANK OR INVEST MONEY ON THE ISLE OF MAN!
      YOU COULD LOSE ALL OF YOUR LIFE SAVINGS – AND YOUR HOME!

    • Isle of Man -based Premier Low Risk Fund (Part of the Premier Group) collapsed in June 2017 shortly after being abandoned by four of its Isle of Man based directors The fund had over 2,000 investors (many of them pensioners) who each transferred at least ÂŁ10,000 to Premier. Total invested was around ÂŁ100m.

      The Premier Low Risk Fund was advertised by Premier as offering 100% capital security and returns that would outperform bank savings accounts. Premier promoted the product as being highly secure despite the fund relying on large bank loans (up to 50% of the net asset value of the fund) to purchase volatile assets in the form of “traded endowment policies”. Investors lost up to half of their savings.

      Premier failed to properly explain the high risks involved with the fund – and may have mis-sold it to investors for whom it was not suitable and who fall into one or more of the following categories:-

      RISK EXPLANATION
      Did Premier give investors truthful advice about the risk involved in transferring money to a fund relying exclusively on the use of large bank loans to acquire volatile assets – yet still advertised as “Low Risk”.

      LACK OF UNDERSTANDING
      Were many of Premier’s investors new to investing and did they fully understand the process and the structure of a fund designed for institutional and professional investors only?

      HARD SELL/PRESSURE SELL
      Did investors feel uncomfortable or pressured into an investment they didn’t really understand by unauthorised,unqualified and unregulated “introducers” who were paid large commissions by Premier?

      POOR ADVICE
      Were investors advised to transfer their money in the Premier fund even though their existing financial planning arrangements were more suitable to their current and future economic needs?

      LACK OF TRANSPARACY
      Were investors made aware of management fees, introducers commissions and massive promotion costs attached to the fund which were executed via a secretive Caribbean shell company operated by Premier?

      INCOME TAX IMPLICATIONS
      Were investors told that investing on the Isle of Man could mitigate their local tax obligations?

      TAX AVOIDENCE ADVICE
      Did Premier, and the “introducers” assisting Premier, recommend the fund as a means of tax avoidance?

      OBTAINING AND RETAINING BANK TRANSFERS BY DECEPTION
      Were investors persuaded to transfer their money directly into Premier’s bank account by means of deception – a criminal offence.

      If you believe that Premier failed to properly explain the high risks involved with the fund – and misrepresented both the fund and Premier’s totally unqualified “introducers” to investors for whom it was entirely unsuitable, then clearly Premier mis-sold the fund.

    • Isle of Man -based Premier Low Risk Fund (Part of the Premier Group) collapsed in June 2017 shortly after being abandoned by four of its Isle of Man based directors The fund had over 2,000 investors (many of them pensioners) who each transferred at least ÂŁ10,000 to Premier. Total invested was around ÂŁ100m.

      The Premier Low Risk Fund was advertised by Premier as offering 100% capital security and returns that would outperform bank savings accounts. Premier promoted the product as being highly secure despite the fund relying on large bank loans (up to 50% of the net asset value of the fund) to purchase volatile assets in the form of “traded endowment policies”. Investors lost up to half of their savings.

      Premier failed to properly explain the high risks involved with the fund – and may have mis-sold it to investors for whom it was not suitable and who fall into one or more of the following categories:-

      RISK EXPLANATION
      Did Premier give investors truthful advice about the risk involved in transferring money to a fund relying exclusively on the use of large bank loans to acquire volatile assets – yet still advertised as “Low Risk”.

      LACK OF UNDERSTANDING
      Were many of Premier’s investors new to investing and did they fully understand the process and the structure of a fund designed for institutional and professional investors only?

      HARD SELL/PRESSURE SELL
      Did investors feel uncomfortable or pressured into an investment they didn’t really understand by unauthorised,unqualified and unregulated “introducers” who were paid large commissions by Premier?

      POOR ADVICE
      Were investors advised to transfer their money in the Premier fund even though their existing financial planning arrangements were more suitable to their current and future economic needs?

      LACK OF TRANSPARACY
      Were investors made aware of management fees, introducers commissions and massive promotion costs attached to the fund which were executed via a secretive Caribbean shell company operated by Premier?

      INCOME TAX IMPLICATIONS
      Were investors told that investing on the Isle of Man could mitigate their local tax obligations?

      TAX AVOIDENCE ADVICE
      Did Premier, and the “introducers” assisting Premier, recommend the fund as a means of tax avoidance?

      OBTAINING AND RETAINING BANK TRANSFERS BY DECEPTION
      Were investors persuaded to transfer their money directly into Premier’s bank account by means of deception – a criminal offence.

      If you believe that Premier failed to properly explain the high risks involved with the fund – and misrepresented both the fund and Premier’s totally unqualified “introducers” to investors for whom it was entirely unsuitable, then clearly Premier mis-sold the fund.

  • Court of First Instance 11 in Bilbao has accepted a motion by claimants to enforce proceedings against SLM and ordered the following:

    The freezing of assets owned by SLM to cover as much as 6,262,574 […]

    • Wonderful, wonderful result!

      What is glaringly obvious is that the governments and regulatory authorities of the countries which allow these people to operate their scams from know all about their illegal activities.

      But despite full knowledge of suspected criminality the regulatory authorities on the Isle of Man (in particular) Guernsey and Luxemburg habitually fail to respond to allegations of misselling, deception and fraud submitted to them by hundreds of innocent victims of financial scams.

      The governments of these countries play “Stupid Like a Fox” … protecting the illicit activities of their resident financial services industries by pretending that they are too stupid to know what is happening.
      But once irrefutable evidence emerges that offences are being conducting from their miserable tax havens they face a dilemma as to whether to continue acting as “Mr Stupid” or change characters and become “Mr. Fox”.

      Psychiatrist identify this predicament as “multiple personality disorder” … a condition where a person’s identity fragments into two distinct personality states both competing to take control . These people may also experiences memory loss that is too extensive to be explained by ordinary forgetfulness.

      The net result is that criminals are tolerated (sometimes encouraged) on these islands until it becomes impossible to disguise their activities … unfortunately the “regulators” wait far too long playing Mr Stupid before switching to the role of Mr Honest Fox.

      The simple solution is to never to conduct any financial transactions in these disgusting places.

    • Really great news for the Rothschild victims. I would agree with Steve. Why should victims have to pay anything back. Surely they are the ones who should be receiving compensation from the crooks who sold them the fraudulent schemes in the first place.

    • This was meant to be posted under the Rothschild posting. No matter the same applies to the victims of the surrender linked Mortgages.

  • International Property Finance Spain Limited (“IPFSL”), an unregulated corporate ramification of sinister N.M. Rothschild & Sons, is the next entity on the long list of Equity Release providers whose […]

    • Wonderful news for the victims of this nauseating scam – and also for the thousands of elderly people who were also scammed by similar products offered by the Premier Group (Isle of Man) Ltd – the company who were to receive some of the equity released from the Credit Select Series 4 loan to invest in Premier’s totally useless “investment funds” …

      This ruling finally establishes that “financial product providers” operating this (and similar scams) were working illegally by establishing important legal precedents:-…

      * That an “intermediary/advisor” who is authorized by a “product provider” and who is operating as an “investment services company” on behalf of the “product provider” that, despite there not being any contract linking both parties, and whether contractually linked or being a free agent, the actions of the “intermediary/advisor” fully benefit the “product provider” who also did not oppose such actions. Thereby imposing responsibility for the actions of the “intermediary/advisors” onto the “product providers” who benefit from the “advisor’s” actions.

      * That a “product provider” is operating illegally if it appoints an unqualified, unlicensed and unregulated “advisor” to assist in promoting their financial products, and then misrepresents the incompetent advisor as “professional financial advisor” even though the “advisor” demonstrably lacks the appropriate skills,
      knowledge and experience to properly distribute complex (and unworkable) financial products and funds.

      * That marketing complex financial products as a retail product to vulnerable elderly people knowing that the product’s characteristics are wholly inappropriate for unsophisticated investors simply looking for a safe haven to preserve their life time savings and assets is illegal.

      THIS IS A LANDMAK RULING WHICH TOTALLY DESTROYS THE “PRODUCT PROVIDERS” PREVIOUS DEENCE THAT IT WAS ALWAYS THE “ADVISOR’S” FAULT!

    • Sinister NM Rothschild just about sums it up. Well done Salvador.

    • Sinister NM Rothschild, who own the world. Justice has prevailed

    • Many judgments may have awarded victims the value of the draw down as compensation ,but as we all know, Rothschild cant afford it.

    • Many judgments may have awarded victims the value of the draw down as compensation ,but as we all know, Rothschild cant afford it.

    • With this great ruling about credit select 4 produced and promoted by Rothschild has anybody approched Rothschild for an out of court settlement

    • With this great ruling about credit select 4 produced and promoted by Rothschild has anybody approched Rothschild for an out of court settlement

  • Danske Bank’s Champagne + canapĂ© seminars did not spare any expenses when trying to capture unsuspecting owners for their Luxembourg-based “Total Wealth Planning” Equity Release scam.
    Nor were they short of […]

    • Tax haven based financial “product providers illegally import their fraudulent funds/schemes into Spain and then trick elderly people into handing over their life savings by organising “seminars” or “symposiums” which in reality are jus ta front for dirty, illegal and fraudulent “lying sessions”.

      Modus operandi …

      1. Hire a room in a “fancy” hotel
      2. Employ aggressive and illegal hustlers (who they call “financial advisors”) to fill it.
      3. Soften-up their intended victims with copious sweet talk, food and DRINK.
      4. Encourage people to disclose the ENTIRE EXTENT and location of their assets
      5. Trick them into placing all their assets into one of their illegal “financial products”.
      6. Once this is achieved the “advisors” disappear leaving no forwarding address.
      7. When the victims complain the “product providers” blame the “advisors”
      8. The regulatory authorities (don’t laugh) in Luxemburg also blame the “advisors”

      If any of the victims complain too vociferously they are threatened with the threat of disclosure of their financial “arrangements” to the tax authorities – or in other words the “product providers” embezzle £millions by threatening to report £1,000 worth of undeclared Premium Bonds

      These people are psychopathic scum – pure and simple – as they hide away in the “tax havens” which give them sanctuary from the law. Avoid them (and their hidey-holes such as Luxemburg, Isle of Man) like the plague, because REMEMBER this theft is still going on right now!

    • Tax haven based financial “product providers illegally import their fraudulent funds/schemes into Spain and then trick elderly people into handing over their life savings by organising “seminars” or “symposiums” which in reality are jus ta front for dirty, illegal and fraudulent “lying sessions”.

      Modus operandi …

      1. Hire a room in a “fancy” hotel
      2. Employ aggressive and illegal hustlers (who they call “financial advisors”) to fill it.
      3. Soften-up their intended victims with copious sweet talk, food and DRINK.
      4. Encourage people to disclose the ENTIRE EXTENT and location of their assets
      5. Trick them into placing all their assets into one of their illegal “financial products”.
      6. Once this is achieved the “advisors” disappear leaving no forwarding address.
      7. When the victims complain the “product providers” blame the “advisors”
      8. The regulatory authorities (don’t laugh) in Luxemburg also blame the “advisors”

      If any of the victims complain too vociferously they are threatened with the threat of disclosure of their financial “arrangements” to the tax authorities – or in other words the “product providers” embezzle £millions by threatening to report £1,000 worth of undeclared Premium Bonds

      These people are psychopathic scum – pure and simple – as they hide away in the “tax havens” which give them sanctuary from the law. Avoid them (and their hidey-holes such as Luxemburg, Isle of Man) like the plague, because REMEMBER this theft is still going on right now!

    • Tax haven based financial “product providers illegally import their fraudulent funds/schemes into Spain and then trick elderly people into handing over their life savings by organising “seminars” or “symposiums” which in reality are jus ta front for dirty, illegal and fraudulent “lying sessions”.

      Modus operandi …

      1. Hire a room in a “fancy” hotel
      2. Employ aggressive and illegal hustlers (who they call “financial advisors”) to fill it.
      3. Soften-up their intended victims with copious sweet talk, food and DRINK.
      4. Encourage people to disclose the ENTIRE EXTENT and location of their assets
      5. Trick them into placing all their assets into one of their illegal “financial products”.
      6. Once this is achieved the “advisors” disappear leaving no forwarding address.
      7. When the victims complain the “product providers” blame the “advisors”
      8. The regulatory authorities (don’t laugh) in Luxemburg also blame the “advisors”

      If any of the victims complain too vociferously they are threatened with the threat of disclosure of their financial “arrangements” to the tax authorities – or in other words the “product providers” embezzle £millions by threatening to report £1,000 worth of undeclared Premium Bonds

      These people are psychopathic scum – pure and simple – as they hide away in the “tax havens” which give them sanctuary from the law. Avoid them (and their hidey-holes such as Luxemburg, Isle of Man) like the plague, because REMEMBER this theft is still going on right now!

    • At last the financial services industry is recognising that “financial product providers” such as Banks and Fund managers/operators can no longer transfer blame onto their “agents” when their products are missold or fraudulently misrepresented.

      The “product providers” employ the “agents” by rewarding them with (high) commissions and in future BOTH parties will be held accountable when miss-selling or fraud is involved…

      This should finally bring to an end the practice of “product providers” concealing themselves in inscrutable places such as the Isle of Man to produce fraudulent “product brochures” which are then circulated by their “agents” : and when their victims complain that they have been cheated they then place all the blame on their “agents” …

      Now the “product providers” will be held to account … which is just as well as the dishonest “agents” they often employ in Spain are in the habit of vanishing at the first sign of trouble!

      Sadly this move has come far to late for thousands of British pensioners who have had their life savings stolen by unscrupulous “product providers”.

      More at:- http://www.international-adviser.com/news/1034498/life-companies-hiding-law-agency

    • Witnessing first-hand the turmoil caused by dishonest Banks and Fund operators in the lives of hundreds of vulnerable elderly people there is a tendency to stutter and stammer – this is a side effect of anger…

      We will attempt to control this impediment in the future.
      Thanks for pointing it out!

    • ANOTHER CHAMPAGNE AND CANAPÉ SPECIALIST – THE PREMIER GROUP

      Continuing the saga of fraudulent ventures in Spain conducted by Banks and Fund operators via a network of illegal “agents”… The Premier Group (Isle of Man) Ltd, whose notoriety has been widely reported on this blog and who misappropriated ÂŁmillions of euros of pensioners savings/money via their fraudulent “Low Risk Fund” and “SITIRS” schemes is now in bankruptcy and finally under investigation by the Isle of Man “Regulatory Authorities” (don’t laugh!).

      Premier’s latest scam is “Nicaraguan Bamboo Plantations” where Premier misled 3,247 people to “invest” ÂŁ292 million and where most of them are unlikely to see a single penny of their money ever again!

      The Isle of Man government have been FULLY AWARE of Premier’s dodgy dealings for over 15 years … yet until now have never taken the trouble to fully investigate them, preferring instead to allow them to continue ripping-off elderly people and causing extreme suffering and in some cases premature death. Losing life time savings is traumatic – not that Premier ever cared.

      Just how long the Isle of Man government can continue to protect the Premier Group (who regularly change their trading name to avoid detection) remains to be seen. As does the issue of paying compensation to the thousands of their elderly victims living in Spain – sadly many now dead.

      To learn more about Premier’s latest scam visit:-

      http://www.international-adviser.com/news/1034537/isle-officially-wind-nicaraguan-bamboo-fund?utm_source=Adestra&utm_medium=email&utm_term=&utm_content=Isle%20of%20Man%20to%20officially%20wind%20up%20Nicaraguan%20bamboo%20fund&utm_campaign=international_adviser_newsletter_6_02_03_2017#sthash.uP6ZgBee.dpuf

    • Premier Group (Isle of Man) Ltd – Yet another fund gone bust taking ÂŁmillions of elderly people’s savings!

      Pensioners living on the Spanish Costas sold yet another dodgy fund by the Premier Group (Isle of Man) Ltd “fund” which has also gone bust! This time “Teak plantations in Brazil” !!!

      Yet another example of Premier telling lies to investors.
      How long can these people get away with stealing ÂŁmillions?

      http://www.iomtoday.co.im/article.cfm?id=32267&headline=Investor%20faces%20losing%20thousands%20from%20Isle%20of%20Man%20funds&sectionIs=news&searchyear=2017#addComment

      NEVER IN A MILLION YEARS INVEST OR BANK SIGLE PENNY ON THE ISLE OF MAN.

    • Premier Group (Isle of Man) Ltd –
      Yet another Premier fund goes bust taking ÂŁmillions of elderly people’s savings!

      Pensioner’s living on the Spanish Costas have been sold yet another useless fund by the Premier Group (Isle of Man) Ltd and like many of Premier’s funds before there is little or no hope of them ever being able to get their money back.

      This time Premier conned them into investing in “Teak plantations in Brazil” !!!

      http://www.iomtoday.co.im/article.cfm?id=32267&headline=Investor%20faces%20losing%20thousands%20from%20Isle%20of%20Man%20funds&sectionIs=news&searchyear=2017#addComment

      NEVER, INVEST OR BANK A SINGLE PENNY ON THE ISLE OF MAN. YOU MAY LOSE IT ALL!

    • Premier Group (Isle of Man) Ltd –
      Yet another Premier fund goes bust taking ÂŁmillions of elderly people’s savings!

      Pensioner’s living on the Spanish Costas have been sold yet another useless fund by the Premier Group (Isle of Man) Ltd and like many of Premier’s funds before there is little or no hope of them ever being able to get their money back.

      This time Premier conned them into investing in “Teak plantations in Brazil” !!!

      http://www.iomtoday.co.im/article.cfm?id=32267&headline=Investor%20faces%20losing%20thousands%20from%20Isle%20of%20Man%20funds&sectionIs=news&searchyear=2017#addComment

      NEVER, INVEST OR BANK A SINGLE PENNY ON THE ISLE OF MAN. YOU MAY LOSE IT ALL!

  • ERVA has had access to a Fuengirola Court ruling won against Landsbanki Luxembourg.
    In the case, the Judge states that it is not conceivable that Landsbanki Luxembourg would argue successfully that “they were […]

    • People could be forgiven for believing that everyone involved in the “financial services industry” are a bunch of psychopaths – and that includes the delinquent agencies which protect them in places like Guernsey, Luxembourg and the Isle of Man in the shape of the “Government Regulatory Authorities” who exist exclusively to safeguard the country’s sordid financial industries, rather than the victims of fraud.

      Interestingly this latest ruling finally establishes that the crooks stealing from vulnerable, old age pensioners living on the Spanish Costas are working for the “product providers” and NOT (as they always claim) for the pensioners themselves. In the past this fraudulent excuse enabled the “product providers” to avoid prosecution by claiming/lying that: “the sales were nothing to do with us, it was all the fault of the (illegal) financial advisers”.

      Also worth remembering is that the fake “financial advisers” who preyed on elderly people would not have been able to operate without a supply of sleazy “financial products” delivered to them by the “product providers”. The truth is that these illegal scams were ALWAYS the responsibility of the primary “product providers” who are allowed to operate out of sleazy tax havens such as the Isle of Man.

    • People could be forgiven for believing that all those involved in the “financial services industry” are a bunch of psychopaths – and that includes the delinquent agencies which protect them in places like Guernsey, Luxembourg and the Isle of Man in the shape of the “Government Regulatory Authorities” who exist exclusively to safeguard the country’s sordid financial industries, rather than the victims of fraud.

      Interestingly this latest ruling finally establishes that the crooks thieving from vulnerable old age pensioners living on the Spanish Costas are working for the “product providers” and NOT (as they always claim) for the pensioners themselves. In the past this fraudulent excuse enabled the “product providers” to avoid prosecution by claiming/lying that: “the sales were nothing to do with us, it was all the fault of the (illegal) financial advisers”.

      Also worth remembering is that the fake “financial advisers” who preyed on elderly people would not have been able to operate without a supply of sleazy “financial products” delivered to them by the “product providers”. The truth is that these illegal scams were ALWAYS the responsibility of the primary “product providers” who are allowed to operate out of sleazy tax havens such as the Isle of Man.

    • People could be forgiven for believing that all those involved in the “financial services industry” are a bunch of psychopaths – and that includes the delinquent agencies which protect them in places like Guernsey, Luxembourg and the Isle of Man in the shape of the “Government Regulatory Authorities” who exist exclusively to safeguard the country’s sordid financial industries, rather than the victims of fraud.

      Interestingly this latest ruling finally establishes that the crooks thieving from vulnerable old age pensioners living on the Spanish Costas are working for the “product providers” and NOT (as they always claim) for the pensioners themselves. In the past this fraudulent excuse enabled the “product providers” to avoid prosecution by claiming/lying that: “the sales were nothing to do with us, it was all the fault of the (illegal) financial advisers”.

      Also worth remembering is that the fake “financial advisers” who preyed on elderly people would not have been able to operate without a supply of sleazy “financial products” delivered to them by the “product providers”. The truth is that these illegal scams were ALWAYS the responsibility of the primary “product providers” who are allowed to operate out of sleazy tax havens such as the Isle of Man.

    • As the days go by it would appear that the Equity Release Victims (www.erva.es) are slowly bringing their misery and anger to the attention of the Courts in Spain. Todays ruling by a Fuengirola Court confirms the movement against the robbing banks who have led many pensioners to their deaths through stress and thrown them into the streets by repossessing their homes.

      How can a bank such as Landsbanki, or Rothschilds Bank, or Danske Bank, or Barclays Bank, or Jyske Bank, or Nordea Bank feel justified in taking mortgages from pensioners under false pretences and then losing the money on investments? How can they pay themselves huge retirement bonuses and their account managers huge salaries and commissions when they are losing the clients money? These banks must be brought to task in Courts of law in Spain and France and Luxembourg (which country feels they have had no part in this and refuse to acknowledge what went on) found guilty as charged and then sentenced to terms in prison. The victims should have their mortgages annulled and damages awarded. This will not bring back the dead but it will go some way to recompensing the children the pensioners were trying to protect.

    • erva replied 1 year ago

      Another interesting ruling from the Spanish Judiciary. How many people are in the same posirtion as Patricia?

      • The Premier Shareholders Group has made contact with numerous people (all elderly) who were victims the Isle of Man based Premier Group – including its illegal SITIRS fraud.

        Anxiety and fear is a notorious precipitator of illness leading to premature bereavement and when life savings have been embezzled or homes are about to be appropriated the related trauma simply destroys people.

        We have been in tears just listening to people recount their experiences of dealing with the Premier Group and our deep sympathies and compassion go out to Patricia – nobody deserves this treatment.

        If it is any consolation Patricia you are not alone there are other brave people out there suffering – many alone. Stay strong.

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