A San Roque Court has voided an earlier ruling granting Landsbanki the right to proceed with foreclosure action.
Lawyers acting for a victim of the distinctly corrupt Yvette Hamilius have opposed foreclosure proceedings on grounds that these were flawed, obtaining a resolution that sets aside action although, contrary to law in the opinion of lawyers, grants a further 15 days to Landsbanki to redressess the defect.
Lawyers acting for Landsbanki are Madrid-based Cuatrecasas, a firm that assisted both Landsbanki and Lex Life in the launch of the Equity Release and have ever since acted for the rogue company in both civil and criminal actions.
Bizarrely, Cuatrecasas recently vowed to take legal action against the same firms for using their name -allegedly illegally- in the advertising.
Lawyers for Equity Release victims are close to deciding on whether this firm is to be sued together with Landsbanki and Lex Life as a participant in the devising, creation and launch of the consumer-deceiving tax-evading Equity Release product.
A decision in favour of including the large firm could be precipitated by a recent statement made by lawyers acting for Landsbanki in the San Roque Criminal Courts who, in what can be deemed as a totally irresponsible comment, confirmed that the Equity Release is a valid and popular product to reduce IHT in Spain.
Yet another great piece of news, – great work Antonio Flores.
Looking gradually more and more like the Spanish Judges are starting to understand these fraudulent schemes and ruling appropriately in the victims favour.
Fraud is a crime let’s not forget, so it will be interesting to see if the guilty are punished accordingly by the courts as and when their judgements are made.
Quite correct!
Fraud is fraud and a criminal offence punishable with large fines and sometimes a custodial sentence!
And the Premier Group (Isle of Man) Ltd is another company up to its ears in the equity release fraud and well-practiced in the arts of fraud such as misrepresentation, concealment and other illegal practices.
Well done Antonio! The time is rapidly approaching for these fraudsters to face the music and receive their just deserts! And for the victims of their frauds to receive FULL compensation.
But who are the real fraudsters?
The vermin who devised and managed the rip-off “schemes” or the bunch of parasites who they employed to peddle the scheme to vulnerable, elderly people?
The vermin will always blame the parasites by claiming that it was they who were responsible for matching an inappropriate product to an inappropriate victim and that they were simply the “product provider” with no control over it’s deployment or usage. And it was the victims who “employed” the parasites, and not the vermin, as a consequence the vermin had no control over the activities of the parasites.
In reality the vermin’s excuses are complete twaddle. The vermin employed the parasites, the vermin supplied the parasites with a “product” to sell, the vermin concocted the fraudulent lies attributed to the ”product” and the vermin collected the money which their fraudulent product accumulated.
In every way the vermin (and the “regulatory authorities” in the secretive tax havens where the vermin are given sanctuary) are totally responsible – and it is these people who should be held to account and when successfully prosecuted given the sternest punishment, hopefully including long term prison sentences.
Re the above. Rothschild, for example, are both the vermin and the parasites, for they played both parts. They both provided the SITIRS product, and actively participated in peddling it at seminars.
It does appear that the tide is changing in respect of the victims of this fraud. How can a firm of lawyers, knowing that the Ministry of Tax has ruled that the equity release products in their opinion are tax evasion products and therefor are fraudulent stil have the nerve and affront to go before the courts and defend them. These bunch of cowboy lawyers are just as much at fault, perhaps if they had had the sense to approach the Hacienda as Erva did, they would have been told that these were in fact fraudulent schemes. They should be prosecuted are reported to the relevant Law Society. In the USA there are specialise lawyers who do just this in serious cases of Tort.
On another note perhaps Antonio could explain as to why the courts have overturned the earlier decision allowing Landsbanki lawyers to foreclose and have the court auction of the property. Has the criminal case taken precedent over the civil claim or are ther other mitigating factors in the scheme or the paper work. Are people aware that a ridiculous sum of 40 percent of the current value would be acceptedno doubt by the banks, who could then sell it off at a later stage and pocket the difference. Leaving the poor victim still owing money, the banks could then sue the victim in other courts including the UK for the balance , which no doubt
would bankrupt the victim. A clasice case of predatory lending by the bank assisted by the lawyers. What bunch of crooks.
On the subject of crooked banking … don’t forget the disastrous collapse of the Royal Bank of Scotland and the £45 BILLION that the British tax payer was forced to shell out to rescue it. But why should honest people prop up disasters caused by greedy fat cats like RBS’s arrogant and intimidating Fred Goodwin?
Less well known is that RBS owns NatWest and the freeholds of 80 UK branches are owned by “limited partnerships” with their “financial homes “domiciled offshore in Gibraltar. The ownership of a chain of Gibraltar registered shell companies runs cold at a Gibraltar holding company registered as “Line Trust Corporation” which is controlled by the Gibraltar law firm Hassan.
Hassans’s advertising brochures claim that the company offers “creative tax planning, perfectly structured” and the arrangement to base 80 RBS/NatWest companies in Gibraltar appears to be part of RBS “financial engineering” to avoid taxes … Perhaps not entirely surprising Gibraltar’s Chief Minister, Fabian Picardo, is a former employee of tax avoiding consultants Hassan.
As the RBS is owned by the British tax payer perhaps RBS should now be obliged to return ownership of the freeholds of 80 local UK branches (including Ilfracombe, Colwyn Bay and Altringham) out of the offshore haven of Gibraltar and back to the UK!
Great post, I was not aware of this. Where is it all going to end?
What I don’t understand is where are the other law firms that have taken on clients to fight Landsbanki. Did I nor read that one law firm in Marbella (can’t recall the name) were bringing a criminal a ton against Landsbanki some 6 years ago. Does any one have any idea what the status if this action is? Perhaps the law firm in question has given up the fight or maybe they want to go the civil route. I am referring to the Costa Del Sol Action Group.