Take the lead. Pay back my pension and compensate all victims of bank fraud.

The Issue

 

WE THE PEOPLE ARE ALL VICTIMS OF THE BAD BEHAVIOUR OF THE BANKS, READ THIS, SIGN THIS AND SHARE THIS. DO NOT LIE DOWN, STAND UP AND FIGHT THE BANKS.
Since 2007 the UK has committed to spending £1.162 trillion at various points on bailing out the banks with taxpayers’ money, your money.
In 2005 pre bank crash, on the advice of a UK financial advisor I, amongst other pensioners, entered into an Equity Release plan with a major international bank. My property was valued; the equity released was 75% of that value. The plan was marketed as having three major advantages.
Firstly, it would offset inheritance tax (illegal). We did not know that.
 Secondly our money would be invested by the wise and wealthy bank, to produce a small annual income for us. Money to help with fares to go and see the grandchildren.
The third major selling point was the name of the bank, its integrity, its industry, its client care. We all fell for that fairy story.
Crucially we were inexperienced investors who did not have the knowledge to question the financial advice of such an illustrious bank, any more than we would question the advice of a surgeon.
 A year or so later we found, to our horror, that not only had the financial advisors lied, bank directors had lied, the notary failed completely in his duty, the banks lawyers lied.  They had between them succeeded, with malice of forethought, in stealing our properties.
.We all ended up with huge mortgages on previously unencumbered property. The word mortgage had never been mentioned only Equity Release. Interest was demanded by the bank, when we were expecting income.
We sold our property to pay off the bank which had been giving us a pension via rental income. I live now on a reduced state pension having taken care to provide for myself in retirement.
Those who are still in the plan have huge debts which will no doubt be passed to their families. No one lives forever. The banks won’t repossess because the properties are worth less now. The mortgage debt is greater and increasing all the time.
We never saw the equity released, our money, it fell down a black hole off shore, courtesy of the bank that paid themselves and their fund managing chums handsomely, for robbing us. One such chum drives a Maserati, its public knowledge.
After 7 years we have been to court, the bank directors lied in court, we were not allowed to speak and the judge declared the trial null and void as she said the court recording equipment failed and she could not hear the evidence when coming to a verdict. We have to go to appeal sometime next year.  Will we get justice?
Will all you taxpayers get justice? READ THIS SIGN THIS AND SHARE IT. DO NOT LIE DOWN STAND UP AND FIGHT THEM. Yes, we have turned to the law here in Spain and we have two fantastic solicitors working on our case. Equity Release is not familiar to  Spanish people or Spanish banks.

Salvador Martinez-Echevarria, http://en.cremadescalvosotelo.com/the-firm/branches/marbella.aspx: and Antonio Flores www.lawbird.com both of Marbella, are working very hard for us to get the cases to court.

The bank have been obstructive and dishonest dismissive and arrogant. Robber Barons with the right and privilege  to behave how they like. That's bankers for you.

avatar of the starter
jean leftwickPetition StarterI am old and fed up with the terror and threats all around us . I am fed up with theiving banks and dishonest politicians. I love my family, my animals and my garden.
This petition had 99 supporters

The Issue

 

WE THE PEOPLE ARE ALL VICTIMS OF THE BAD BEHAVIOUR OF THE BANKS, READ THIS, SIGN THIS AND SHARE THIS. DO NOT LIE DOWN, STAND UP AND FIGHT THE BANKS.
Since 2007 the UK has committed to spending £1.162 trillion at various points on bailing out the banks with taxpayers’ money, your money.
In 2005 pre bank crash, on the advice of a UK financial advisor I, amongst other pensioners, entered into an Equity Release plan with a major international bank. My property was valued; the equity released was 75% of that value. The plan was marketed as having three major advantages.
Firstly, it would offset inheritance tax (illegal). We did not know that.
 Secondly our money would be invested by the wise and wealthy bank, to produce a small annual income for us. Money to help with fares to go and see the grandchildren.
The third major selling point was the name of the bank, its integrity, its industry, its client care. We all fell for that fairy story.
Crucially we were inexperienced investors who did not have the knowledge to question the financial advice of such an illustrious bank, any more than we would question the advice of a surgeon.
 A year or so later we found, to our horror, that not only had the financial advisors lied, bank directors had lied, the notary failed completely in his duty, the banks lawyers lied.  They had between them succeeded, with malice of forethought, in stealing our properties.
.We all ended up with huge mortgages on previously unencumbered property. The word mortgage had never been mentioned only Equity Release. Interest was demanded by the bank, when we were expecting income.
We sold our property to pay off the bank which had been giving us a pension via rental income. I live now on a reduced state pension having taken care to provide for myself in retirement.
Those who are still in the plan have huge debts which will no doubt be passed to their families. No one lives forever. The banks won’t repossess because the properties are worth less now. The mortgage debt is greater and increasing all the time.
We never saw the equity released, our money, it fell down a black hole off shore, courtesy of the bank that paid themselves and their fund managing chums handsomely, for robbing us. One such chum drives a Maserati, its public knowledge.
After 7 years we have been to court, the bank directors lied in court, we were not allowed to speak and the judge declared the trial null and void as she said the court recording equipment failed and she could not hear the evidence when coming to a verdict. We have to go to appeal sometime next year.  Will we get justice?
Will all you taxpayers get justice? READ THIS SIGN THIS AND SHARE IT. DO NOT LIE DOWN STAND UP AND FIGHT THEM. Yes, we have turned to the law here in Spain and we have two fantastic solicitors working on our case. Equity Release is not familiar to  Spanish people or Spanish banks.

Salvador Martinez-Echevarria, http://en.cremadescalvosotelo.com/the-firm/branches/marbella.aspx: and Antonio Flores www.lawbird.com both of Marbella, are working very hard for us to get the cases to court.

The bank have been obstructive and dishonest dismissive and arrogant. Robber Barons with the right and privilege  to behave how they like. That's bankers for you.

avatar of the starter
jean leftwickPetition StarterI am old and fed up with the terror and threats all around us . I am fed up with theiving banks and dishonest politicians. I love my family, my animals and my garden.

The Decision Makers

Peter Rose
Peter Rose
Managing Director Bank Guernsey

Petition Updates