A few posts ago we wrote about a complaint filed by no less than 180 victims of the Equity Release scam; now we have a video, partly in French, where some victims and their lawyers explain to the Luxembourg press the reasons for bringing the Landsbanki Criminal Complaint.

Legal grounds for bringing such an action seem clear and undisputed:

  • Fraudulent misrepresentation of tax benefits associated with the scheme.
  • Fraudulent misrepresentation of the income benefits associated with the scheme.
Allan Graydon is yet again mentioned here and yet again, he is refusing to come forward to confirm that indeed, he sold the products, knowingly or not, on the above 2 spurious premises.