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What could go wrong?

Posted: May 23rd, 2017, 10:29 am
by XFool
It's that 'Pensions Freedom' issue, again:

http://www.thisismoney.co.uk/money/mark ... fraud.html

Re: What could go wrong?

Posted: May 26th, 2017, 10:36 am
by PinkDalek
XFool wrote:It's that 'Pensions Freedom' issue, again:

http://www.thisismoney.co.uk/money/mark ... fraud.html


To give readers some flavour, the article commences The fraud squad has opened an investigation after more than 1,000 investors lost millions in an alleged pension fraud.

Police officers and civil servants are among the inexperienced investors who allegedly piled more than £120m into so-called storage pod schemes
.

The article seems to have been based, almost wholly, on:

https://www.sfo.gov.uk/2017/05/22/sfo-s ... d-schemes/

The article also mentions The schemes, which were first investigated by Money Mail in 2015 ... which is probably this one http://www.thisismoney.co.uk/money/pens ... lions.html.

Tony Hetherington wrote about storage pod schemes more generally back in November 2013:

http://www.thisismoney.co.uk/money/expe ... bells.html

Those Fools over at The Motley Fool UK were discussing such matters back in April 2013 and onwards:

http://boards.fool.co.uk/storage-store- ... sort=whole

A longer version of that thread would appear to be here:

https://web.archive.org/web/20160524080 ... sort=whole

Re: What could go wrong?

Posted: May 26th, 2017, 12:05 pm
by XFool
Thanks for further references, Pink Dalek. There is more information on some of the schemes and people involved on here:

http://pension-life.com/capita-oak-pens ... it-worked/

Re: What could go wrong?

Posted: May 26th, 2017, 12:07 pm
by XFool
XFool wrote:Thanks for further references, Pink Dalek. There is more information on some of the schemes and people involved on here:

http://pension-life.com/capita-oak-pens ... it-worked/

Further pension scams are detailed here:

http://pension-life.com/category/news-r ... ion-scams/

Re: What could go wrong?

Posted: June 2nd, 2017, 6:59 pm
by Clitheroekid
It seems that approximately 4 years after everyone else realised Store First was bent as a five bob note the Government have finally cottoned on as well, and are at last petitioning for the poxy companies to be wound up - http://citywire.co.uk/money/government- ... ly_Summary.

Another great Toby Whittaker success. I wonder how long it will take HMG to realise that his other toxic `investment' Park First needs the same treatment. Presumably they will once again wait until hundreds of naive pensioners have been conned out of their pension funds and the various fraudsters involved have escaped with the loot.

Re: What could go wrong?

Posted: June 6th, 2017, 10:13 am
by HBEN
Nice share man

FCA action in respect of Park First Limited

Posted: December 5th, 2017, 2:21 pm
by PinkDalek
Clitheroekid wrote:...


In case of interest. A Fool has forwarded this link to me:

https://www.fca.org.uk/news/news-storie ... st-limited