Die Immobilienfirma aus Langenhagen bei Hannover sammelte Hunderte Millionen Euro bei Investoren ein. Ein Großteil des Geldes ist weg. Jetzt soll Gründer Charles Smethurst vor Gericht. https://t.co/VMK87Ym6BS
5/5 Background: ‘£1.5bn German property scandal leaves British savers facing financial ruin’ - https://t.co/eZrfxdMCs0; ‘How $1 billion in investor money was wiped out by a property pitch’ - https://t.co/k1LCdPKnIB.
Britain must prepare for a wave of sophisticated investment scams. More savers are being duped into sending money to criminals, financial ombudsman warns. #fraud#APP
Six-year probe into near-collapse of HBOS lets bankers off scot-free https://t.co/p8qTK912MQ via @ThisIsMoney why? Protect Bailey and BoE? This indicates that the City and Treasury are amoral and unfit for purpose?
@JackGilbert13 excellent piece on Blackmore, we have been involved in a bigger billion pound scam called dolphin trust now called German property group. Pensioners have lost their life savings. Please pm if you would like more info
@paullewismoney@TheFCA German property group scam has cost UK investors 300m pounds and no one seems to care, striking similarities to Blackmore but on a much wider scale
@insolvencygovuk have you looked at the billion pound ponzi scheme German property group, investors have lost their life savings and the crooks are still free to operate.
Fraud capital: UK govt loses £52bn to fraud/error (2019/20 data) each year -that is bigger than the defence budget; 4 times the new NI hike; 12 X the Triple-lock cut on state pension; 12 X Universal Credit cut.
Add another £33bn in PPE/Covid support, etc.
https://t.co/OfMxS3GwaD
My letter asks a series of questions about how the regulators intend to deal with these introducers and about whether they can also include them in any future redress scheme.
You can read the full version of my letter here: https://t.co/xlKjr4gJ3Q (5/5)