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.
Aren´t most companies involved in investment products in Spain cowboy operations?
And dangerous purveyors of deceit generating financial misery and mental anguish amongst vulnerable, elderly people.
But they are honest angels compared to the reprehensible “financial product providers” always based OUTSIDE of Spain in some wretched (and secretive) tax haven, such as Luxembourg or the Isle of Man, where the governments give them a freehand to missell, misrepresent and illegally push their putrid products to steal the life savings of innocent pensioners.
Place the blame where it is fairly due.
It is absolutely correct to say that governments, particularly the UK government, give a freehand to anyone who cares to use the offshore route. To me it seems that it is some vital part of the UK to have this wretched group of highlands and islands scattered around, for the very very rich and the very very crooked to do their dirty deeds.Wholly unaccountable financial transactions and thefts are the life blood of off shore.
Not only are individuals defrauded time after time but countries such as the UK are majorly defrauded of tax revenues by multi national corporations via the offshore route.
The people pay the price.
Offshore is legalised criminality and the UK government should deal with it.
This is why the UK can throw up their hands and deny any responsibility for the misdeeds of banks like Rothschilds. Off shore is nothing to do with anyone.