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Danske Bank Luxembourg to be Deposed
Following a recent visit by Euan A. lawyers to the Criminal Court 1 in Fuengirola, it has been established that Danske Bank Luxembourg is now to be finally deposed via the European Judicial Network in criminal matters (EJN), in Luxembourg.
Danske Bank lawyers have been persistent in attempting to avoid, at all cost, the interrogation of the defendant parties. The tactics have so far been unsuccessful save for achieving a delay of a few months; the implications, however, could be expensive to its perpetrators for Court officials are of the opinion that there is a clearly defined strategy to maliciously prevent the normal progress of the proceedings and hamper the efforts of the claimant to obtain, via the Spanish Courts, a defendant’s statement within a criminal case.
Notably, Danske Bank insists that this is a purely civil dispute that should be conveniently ventilated by Civil Courts and yet, cannot and willl not explain why is their publicity false, fraudulent and proposes tax evasion openly. Surely, if they had nothing to worry about they would sooner be giving a clarifying statement than hiding behind slow EU cross-border plaintiff interrogation mechanisms.
Finally, it is worth noting that the claimant’s counsel has indicated that both Mr. Morten Runo Waaben and Mr. Henrik Hjerrild Hansen should be deposed via the appropriate channels but that, if they felt a compelling desire to come out clean they could, through their advisors, request an appointment with the Fuengirola Court to give their statements.
Finansbanken Equity Release: ERVA Looking for Whistleblowers
ERVA is looking for witnesses that can testify that these two ladies, Pernille Bering and Maria Tremurici-Falter, attended a meeting at a hotel with an unsuspecting victim with a view to explain, in a matter of just over an hour, the advantages of a 2.5 million Strategic Allocation Product Equity Release to a German pensioner.
This product was the brainchild of some pen-pushing Finansbanken nerd whose credibility was established, prima facie, by the business suit he wore.
As it happened, the nerd was only interested in his salary, Pernille flew to Spain exclusively to sell an unregulated 2.5 million Euros financial product in a record time of an hour, the Strategic Asset Allocation fiasco, and Maria Tremurici, a Kristina Szekely wannabe, was dragged in to finally convince the German speaking customers of the beauties of this great Danish tax-evasion product.
Finansbanken, now infamous Jyske Bank, is soon to expand its Costa del Sol property porfolio once they commence repossession proceedings.
Nordea Could Lose Danish Banking License over CIBOR Scandal
The title of this post should make us ask the following question: what would happen in Spain if Nordea lost it’s Danish license? Probably not much in Spain because Jesper Hertz, the insatiable Nordea Bank S.A. Marbella-based employee, has signed over 200 Spanish Tax Office cheating mortgages on Spanish property and he intends that all loans are repaid back and where not, properties are reclaimed through the Courts.
He is a man on a mission!
SYDBANK AND NYKREDIT IN CLOSE COLLABORATION
Sydbank has always denied having collaborated with Nykredit on distributing a tax evasion product from Switzerland and Marbella, and Nykredit has always said that “they were only the lenders” and had no association whatsoever with Sydbank, other than the happy coincidence that British retirees happily living on the Costa del Sol introduced them to each other.
As compulsive-lying Nykredit henchman Frederik Meding put it, Nykredit Realkredit A/S only provided the mortgage which your clients chose to use for investment.
Or more appropriately, Morten Larsen and Kennet Nissen, from Sydbank in Aabenraa stated, the bank has not been involved in Nykredit A/S mortgaging of your clients’ properties and Nykredit has not been involved in the investment advice provided by the bank to your clients.
Furthermore, Frederik (who shokingly has not yet been sacked for allowing his firm to operate jointly with a clandestine firm, in Spain) added, as if to show his firm grip on all law matters whether EU/Danish/Spanish-you-name-it, that it is important for me to state that Nykredit is not a party to or otherwise involved in the investment service provided to you by Sydbank AG. Hence Nykredit is not in a joint venture or other kind of partnership with Sydbank AG.
It is at this point where one wonders whether lying is endemic to bankers or, more particularly, Danish bankers.
The article, currently posted on Sydbanks’ website, states completely the opposite. Who is therefore lying? Sydbank or Sydbank, Nykredit or Nykredit?
Mr. Mogens Asmund, a Dane that seems to tell the truth, states the following:
Sydbank has developed mortgage offer in cooperation with Nykredit.
In Nykredit we look forward to expanding the cooperation with Sydbank financing solutions to private clients in Germany.
Based on experience with the financing of private homes in France and Spain, we can now offer our Nykredit Danish Mortgage to Danish and German Sydbank customers, says deputy director Erik Urskov, from Nykredit.
“No man has a good enough memory to be a successful liar”
― Abraham Lincoln
Jyske Bank Targeted for Tax Evasion
Jyske Bank has been targeted by a Danish TV company in respect to advice on how to defraud the Danish Tax Office.
The programme, largely filmed with a hidden camera, shows how Jyske uses the Gibraltar and Swiss branches to conduct illegal activities, described as “disgusting” by the Danish Tax Minister.
El Confidencial newspaper, who a while ago published an article that was inspired partly on an ERVA posting, is again sniping at Jyske Bank.
Great job by Niels Fastrup!
On How Rothschild Vets Investment Providers for Credit Select 4 Series
Below is an example of an email sent by an IFA, recommended by tax-defrauding N.M. Rothschild & Sons, in respect to the abject performance of the Rothschild Credit Select Series 4 Equity Release product.
The figures reflect three things:
— Confirmation that Rothschild vets all investment service providers before recommending them to their victims, and confirmation that such powers are hardly consistent with Rothschild’s preferred phrase: “WE WERE ONLY THE LENDERS…”
– The inexistent skills of whoever was entrusted with investing the funds.
– The inability of the Rothschild Equity Release product to ever make any progress in respect of providing an income stream, let alone paying the cost of the mortgage (and the IFA).
Dear Mr & Mrs…,
I hope you are well, please find below the quarterly update on your equity release scheme.
Your investment as at 23rd October 2013 was €138,518.70. Your loan balance as at 23rd October 2013 was €331,628.90 the difference between your loan and your investment is €193,110.20. The loan to value is 45.78%, Rothschild will request additional funds from you if this percentage rises above 35%. Loan to value is calculated using 100% of the value of the investment and 35% of the original property valuation.
The current interest rate charged on your loan by Rothschild is 1.723% (including Rothschild margin of 1.50%) ending the 23rd January 2014.
As discussed previously there is a limited choice of approved investments for this scheme and their performances are detailed below:
Investment YTD 2012 2011 2010 2009 Rothschild Cash account 0.15% 0.30% 1.10% 0.45% 0.75% Optima 2 Closed 1.90% 2.10% 92.00% 5.70% Optima 4 +0.89% 3.87% 1.30% 86.00% 8.54% Aspecta Optima 2 -1.31% 2.05% 2.44% 33.00% 5.46% Aspecta Optima 4 -0.16% 2.65% 1.70% 0.96% 5.86% Ashburton Replica 22nd Oct +3.19% 6.29% -0.70% 11.71% 11.43% Premier Balanced Fund +0.23% 6.20% -7.74% 5.81% 7.77% Armstrong CRR -1.79% 0.80% -8.20% 5.67% 12.30% Armstrong DDS 4.33% 7.20% -0.20% 12.30% 31.30% If you have any queries please do not hesitate to contact
ERVA considering criminal action vs. Rothschild
ERVA is considering joining criminal case 527/2011 in Denia (Alicante) pursued against N.M. Rothschild & Sons, Steve Dewsnip and others.
The case seems to have stalled after attempts to deliver Court papers to IFAs failed to materialize (as a result of them not living in those addresses).
Joining this case may help the acting solicitors and their clients by pushing proceedings with fresh new publicity evidence, broker affidavits and other relevant information which has already been filed with the Malaga Courts.
Busy Nordea Bank Covered Spain with Equity Release
According to an envelope received in the offices of ERVA, Nordea Bank S.A. gave out 75 million Euros worth of mortgage loans in Spain.
It is not clear how much of it was used to finance property acquisitions (some of it was actually used correctly) and how much to defraud the Spanish Tax Office via the renowned Equity Release Scheme programme, consisting of a Spanish mortgage loan and a Unit-Linked insurance policy called Capital Managed Plan.
ERVA is aware that at least 6 Equity Release contracts exchanged in the years 2006-2008, totalling 9 million Euros.
However, the Spanish Land registry tells us that there are far more, many more…
As an ERVA member put it: “My, my, haven’t they been busy…!!”
Nordea Bank S.A. Appears in the Malaga Courts
Nordea Bank S.A. Luxembourg’s (as well as the Swiss Branch) legal representative has today turned up in the Malaga Court for the pre-hearing stage to face the music. Opposing him was the representative of 6 claimants who were sold the tax-defrauding client-cheating highly-toxic Nordea Equity Release Mortgage & Managed Capital Plan and, as it has turned out to be, the presiding Judge.
The Court was sympathetic to the plight of the claimants and has admitted the following evidence in the case:
- 2 Tax Office resolutions that categorically define Equity Release for tax purposes as tax fraud.
- 1 Notarized document proving that Nordea removed, maliciously and with premeditation, its fraudulent advertising from its website.
- Expert Witness testimony by a reputed Malaga-based Tax Advisor.
- Testimony by the broker that acted for Nordea, in Denia.
- Request to Nordea to provide the Court with a same document that is on the website that was subsequently removed.
Nordea’s legal representative, on the contrary, did not submit any evidence in support of their position which, considering that the specific law employed in this action (misleading advertising) imposes on them the burden of proving the accuracy of their advertising, might have left them bereft of any legal argument other than an unlikely statute of limitation, particularly considering that they were still advertising…1 month ago.
The Court was not impressed with the allegations that Nordea removed crucial information from their website, an allegation that their lawyer was seemingly not aware of (a textbook case of a client being dishonest with his own lawyer!).
Also, the presiding Judge challenged the objection raised by Nordea’s defence that contended that Nordea Bank S.A. and Nordea Bank Switzerland Branch were 2 separate entities, arguing that it is not admissible to isolate the activities of both `banks´when they share common infrastructure, use the same lawyers, the same staff at the Marbella Representation Office (our good friend Jesper Hertz) and moreover, when the Swiss website (www.nordea.ch) directs traffic for private banking to the Luxembourg main branch.
Unfortunately, the Court has set the hearing for April 2015 (yes, not 2014) which will regrettably allow Nordea, for at least the next year and half, to carry on with their tax fraud activities in Spain.
Nordea Bank S.A. in Switzerland Tries to Hide Crucial Info
Nordea Bank S.A. in Switzerland is in the process of downsizing in the way Sydbank did, we believe. We may recall that this other bank, after cheating the tax offices of several European countries out of millions, was forced to close down (an acclaimed Julie Toft, from the Jyllands Posten, was responsible for the mess Sydbank got involved in).
Now Nordea, keen to cover their tracks, have been erasing very incriminating web-based information so that lawyers acting for Spanish-based Equity Release victims could not prove certain questions of fact, principally related to Inheritance Tax evasion.
These are the links they have erased (in the last few weeks):
Erased link number 1
Erased link number 2
Erased link number 3
Watch this information whilst it lasts in Google cache!
(Naughty Nordea, you did not really have to stoop so low…)
