Marbella Courts have accepted a claim against Nordea Bank S.A., and former Danish Army Sergeant turned Managing Director, Claus Jorgensen, for misleading publicity and swindle.
The claim comes as a result of new revelations that would prove that Nordea Bank S.A. ran a tax-evasion scheme in Spain, targeting hundreds of owners of unencumbered homes, whereby a fictitious loan would be officially registered with the main purpose, according to a letter signed by Mr. Jorgensen himself and addressed to the CSSF (Luxembourg regulator), of reducing the value of the property for Inheritance Tax purposes. The loan was then invested in a Nordea-backed “Bancassurance” product, capable of protecting and safeguarding your wealth in order to secure an optimal financial existence for you and your family.
According to Nordea’s advertising, the safety of the product was almost guaranteed when admitting that “it is improbable that the Spanish Tax Office will come knocking on your door…”.
Caught with their pants down, Nordea’s alibi now is not unfamiliar: “it’s not what you think, we just gave general tax advice but you were urged to seek your own private advisors…”.
One has serious doubts about the sanity of the people running this bank: they first issue a booklet called “Guide to Wealth and Tax Planning in Spain”, they then state that it was “merely general advice not amounting to tax advice and certainly not to be relied upon” and finally, they withdraw the booklet from internet 15 days before a pre-trial hearing that was specifically targeting the advertising of the booklet.
Mr. Jorgensen, aware or not that this constituted tax fraud, would have been responsible for loan sign-ups totalling 45 million Euros, only in the Malaga province.
If this degree of moral corruption is surely intolerable in the Danish Army, why would it be acceptable for a bank? Claus, did you not learn anything in the Army?
Letter to Regulator: http://erva.es/wp-content/uploads/2014/02/NordeaLetter28July2010.pdf
Nordea Tax Booklet: http://belegal.com/equity-release/files/2011/11/Nordea-Brochure.pdf
Letter from Spanish Tax Office: http://erva.es/wp-content/uploads/2013/06/2013-05-27-Tax-Office-On-Equity-Release-Binding-Enquiry.pdf
Bancassurance Product: http://www.nordea.lu/Home/Individual%2bapproach/978032.html
At last. Finally Erva, have finally tracked down what can only be seen as very incriminating evidence to say the least. Can it not be said that the whole rotten managers in Nordea were totally aware of what they have done. Of course they were. What’s more they have not only threatened many of their victims into repossession of their properties, but have in fact done so on two properties owned by one person suffering from bowel cancer in the Alicante area. This has been reported several months ago on this web site. It beggars belief that this bank and Claus Jorgensen can stoop to such lengths, for the purpose of making profit and bonuses. I wonder what his reaction would be if his aging parents were the victims. Absolutely disgraceful that this bank should be a party to one of their managers crimes. I only hope that the lawyers involved will have some success and that the banks will pay back all the money that they have criminally taken from all their victims. I have a feeling that this is the least that the lawyers would expect. Hats off to Erva for reporting this and the same applies to the legal team responsible for this success.
Many people involved in the supply chain of financial products are squirmers and liars.
From the banks who finance fraudulent products to the fraudulent advisors who promote them and onto the fraudulent tax havens who host them, they all squirm and lie to sell their wretched products and once they are found-out they squirm and lie to avoid responsibility.
They are all in it together: Fraudsters squirming and lying to rob the elderly and vulnerable.
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How right you are Peggy. They would cheat their grandmother for their commissions and bonuses. They are the scourge of the earth and should be put down like any rabid dog. The banks mentioned on this website, have created untold misery and strain to hundreds of pensioners, they know they have done wrong, yet fail to take responsibility. The bank mentioned on this post NORDEA are without doubt criminally responsible simply by the evidence published on this web site, which I feel is the tipmofmthe ice berg. The list of victims from the Scandinavian area alone and this is only in the Marbella area makes this criminal and from what I have read bring a custodial sentence on the officers of the bank. Let us also hope that the court once they had finished their investigations also order that all victims be compensated, as they would be the case iin the English counts. We should thank the Lord that he has shown the way by putting us in touch with Antonio Flores and Lawbird Legal Sevices.