The Equity Release Victims Association

Even more shocking news!!!! Danske Bank International, Luxembourg, who accepted 250.000.000 euros for their business in February 2022 have still not settled the scam they did on my property in 2004. They lost two Court cases even after being sentenced by the Court of First Instance in Coin in December 2021 to cancel the mortgage and Insurance policies they created illegally AND STILL HAVE NOT REPAID. Latest scandal is that Danske Bank have sold my debt, which they created by equity release, huge mortgage, three insurance policies then losing almost all the “investment”, to Hispania PTG1, SLU, in Madrid. Hispania PTG1 SLU in turn have not settled with my lawyers, Antonio Flores and Juan Martinez of Lawbird. This is a typical addition to the defaults od Danske Bank which should be kept to the notice of everyone. Danske Bank have been found guilty of many misdemeanours including accepting and laundering black money from the Russians and involved in the Panama Papers (another huge money laundering operation). Danske Bank and its management must be found guilty of these crimes and imprisoned. Fines don’t work

Even more sad news for any Danske Bank “INVESTORS”. When Danske Bank International sold to UBP of Switzerland for the sum of 250.000.000 euros and the account managers moved to UBP (For example Johnny Bisgaard of Danske Bank now holds an executive position in UBP????? Yet he was one of the account managers who lost on my “INVESTMENT” ….,.,, of 1.000.000 euros taken against my property he and his other cronies lost 960.000 euros in 10 years. I also had a personal investment account of 250.000 euros which Danske Bank Luxembourg took and set it against the money they had lost so that my loss now stands at 690.000 euros !!!!!!! How can that be legal? Mind you nothing else was legal. Time for these people to be held to account

Very good news I lost my home here in the costa blanca ……i was evicted by Nordea Bank.

We believe you mean to say jurisprudence, as jurisdiction refers to courts dealing with the cases. Yes, this resolution from Supreme Court sets a precedent,however, please bear in mind that Spanish Legal system is different to the UK and it is not based in common law.

The Supreme Court establishes another important factual point: that SLM was indeed an investment services’ company because “the combination of a loan and its application to an investment fund is a financial instrument of those listed on article 2 of the Stock Exchange Act”, being immaterial if claimants had or not sued related investment companies since who really managed the fund was SLM, and those investment companies were nothing but agents acting for and on behalf of SLM.

With reference to the above statement would this also apply to Rothschild Credit select Series 4 as Rothschild had the final say in were the investment were placed and with whom they were placed with for investment as the lender had no say in the matter. Rothschild also monitored the investment as they sent out statements when people were in breach of their mortgage loan.

SL Mortgage Funding nº1 Limited (SLMF), based in Chester (UK), had not applied for the necessary regulatory permits to legally raise funds from the public and provide an investment service – activities reserved and regulated by the Bank of Spain and the CNMV (financial regulator).

Whilst Rothschild is registered in Madrid in Spain the Credit Select 4 Series was put together by Rothschild Rothschild Bank (CI) Limited in Guernsey did they the hold necessary regulatory permits to legally raise funds from the public and provide an investment service in the Provence Of Malaga

I doubt if Caixa Bank are worried. They will appeal, the Supreme Court will sit on it for God knows how long and the plaintiffs will pass away before the case is settled. How many of the plaintiffs involved with the Bilboa SLM judgement are still alive?

Have the victims received their 400,000€ yet?

Has anybody heard if Caixa Bank paid up?

Have they received their money yet?

It is now more than 20 days since the court ruling. Has SLM accepted their fate or have they appealed to the Supreme Court in Madrid just like the Bilboa judgement?

How much longer do we have to wait for a response from SLM or the Spanish Courts?

And so the charade goes on. Logically I cannot understand why Rothschild are taking such steps. Surely Rothschild marketing/sales and all there corresponding literature given out to their victims is clear as day. And it cannot be overturned by both past employees or current employees. First, for example the Hacienda (Spanish Tax Office) have deemed that the scheme is anything but IHT tax efficient. Other courts in similar cases against other banks have ruled the same, both on the matter of IHT and other reasons. This scheme is “WHAT IT IS” fraudulent to say the least.

And so the charade goes on. What Rothschild can gain from such tactics is hard to comprehend and makes little sense, except of course as anothe delaying tactic. The sales and marketing literature is clear and the benefits stated regarding IHT do not exist as the Tax Office has ruled and has other courts ruled in the past. No Rothschild employee or past employee can overturn this ruling or convince any judge to the contrary. The scheme IS WHAT IT IS” simply FRAUDULENT.

Very simple question Dean Murphy was an unregistered IFA in Spain therefore is that even legal under Spanish law.

Phony “financial advisors” in association with illegal “product providers” are always financed by a large international Banks (The multi-million fraudsters Premier Group was backed by RBS).
These crooks have been stealing money from elderly people living in Spain for over 50 years and nobody has been able to effectively stop them. Yet.

For every 1,000 victims less than 1% obtain any compensation for the loss of their homes and lifetime savings. The Banks continue in this theft knowing they will rarely be prosecuted – and this is why when they are subject to Court proceedings they will use their huge £financial muscle to avoid being found guilty.

The Banks have bottomless pockets – and other (less savoury) influences….

Dear Lancelot,
There are several ongoing court cases in Denia, each one has its own hearings.
regards,

Does anybody know when the Rothschild case will come to court in Denia?

Dear Johanna,
Please note that we are unable to provide you with exact informaiton about court cases in Denia as there are several actions going on in that area. We suggest you contact your solicitor who will be able to provide you with all the details. The same applies to the court case to be held in November in Malaga.
Kind regards

And so it goes on. Landsbanki will try everything in the book to deny the rights of Spanish residents. Perhaps is is their last throw of the dice, but I would not bet on it. Of course they would like to have these cases transferred to Luxembourg, where financially they would be difficult to bring to the courts. Of course The Luxembourg courts would look favourably on Landsbanki.

I take my hat of to Lawbird who are fighting for the rights of their clients who ar Spanish residents. What they don’t seem to realise is that Lawbird will never give up this fight. As Sir Winston Churchill said “WE WILL NEVER SURRENDER”