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 only the lenders” when borrowers were made to sign disclaimers, pledge agreements were put in place and statements made in respect to the uncertain performance of the underlying investments with Lex Life.
Additionally, the presiding Judge states that he did not need to read the Tax Office binding decision -ruling out the possibility of obtaining any IHT benefits- to infer that such a possibility is manifestly incorrect and against logic/common sense and therefore, misleading.
The sentencing Judge classes OMM -Offshore Money Managers- as deliberately intent on defrauding, at worst, and negligent at best (Colin “McGreedy”) for issuing advertising promising any IHT benefits, stating that it is admitted that this company was the agent of Landsbanki.
Meanwhile, desperately rapacious psychopath (i.e. person devoid of empathy and remorse) Yvette Hamilius continues to ignore any sign that her employers could have made mistakes with the marketing of the “Equity Release” and relentlessly continues in her quest to grab pensioner’s properties.
This ruling sets an interesting precedent in respect to Rothschild’s much-vaunted allegation that they “were only the lenders”, when the loan was inextricably linked to investment portfolio via the pledge agreement and Rothschild did have, no matter what David de Rothschild and Eamon Bermigham say, a vetting procedure for prospective investments vehicles.
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.
I am a widow ,my husband died at the hands of these crooks we had the final demand from them to pay the balance of the loan within 10 days ,my husband and i went into this horrible thing thinking we were going to get a return that would ease our life here in Spain,unfotunatley he died within 1 week after receiving the demand that was 7 yrs ago, I think they are now waiting for me to die,I am living in Spain and this is my only home, I just want to spend my final years in the home I have been in for the last 30 yrs..
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.