Spanish Equity Release Fiasco

While the title of the letter is insulting beyond belief, it is the content of it which encompasses the various degrees of deceit the duo descended to.

Were these the declining standards of living Henry Woods was referring to, which have in fact been inflicted on their clients as a result of the ER contract?

• Anguish
• Stress
• Fear
• Depression
• Heart Palpitations
• Increased risk of heart disease
• One amputee due to alleged vascular crisis caused by stress
• One recorded death due to alcoholism following depression

Antonio Flores Uncategorized Henry Woods, Rothschild

At last, some informant has leaked information proving the involvement of Barclays Bank in the Equity Release fiasco. The information we had received so far from them stressed the facts that they had never used seudo-IFAs, nor had they sold the product based on an alleged IHT-mitigation effect. The attached seems to indicate something different though…

Documents

• Henry_Woods_-_Summer_2005-Brochure (PDF 2.5 Mb)

Antonio Flores Uncategorized Barclays Bank, Barclays Equity Release, Henry Woods

When the Equity Release providers chose to roam the Spanish Costas and hired imposter IFAs, they seriously hampered their ability to lend in a massive scale for their scope was, from the outset, limited to the tourist areas. Because having hundreds of millions to lend, perhaps billions, to unsuspecting pensioners who were looking at maitaining their wealth, I would have thought that a full on marketing campaign was de rigeur, via Spanish national television, media outlets etc.

Surely, the following pitch would have made tens of thousands of pensioners to latch on to the Tax-Evading-Equity-Release-Programme:

Advertiser:

Dear Spanish Pensioner, this message is for you and if you don’t listen carefully, you may be in trouble: Do you own a property?…Do you not have a mortgage on it?…Do you not realize that your property and family wealth is in danger if you don’t to something?…Because the Spanish Inland Revenue is here to rob you…Take out a mortgage loan on your property, no matter your age or size of your pension, have a guaranteed income AND dodge the Inland Revenue…Or do nothing in terms of IHT planning and make the tax man’s life easier, make them a member of family and allow them to run away with your hard-earned income.” (non-bold text extracted from publicity used by agents employed by Rothschild and Nordea Bank).

One can only imagine the hundreds of millions of Euros these banks, imposter IFAs, Lawyers, Notary Publics and incompetent tax-haven-fund-managers, could have reaped if this ad would have on say, Antena 3, Telecinco, Canal Sur, or perhaps the BBC…and it will stay in our imagination because had this scaremongering message been divulged on Spanish media outlets, live-broadcasted breaking-news showing scores of pinstriped-suited individuals being thrown into police vans would had been almost guaranteed.

Yet still they managed to run off to Luxembourg with a few good number of millions of expat money.

Downloads

• Lawbird-Rothschild-Marketing-Literature-Court-Evidence (PDF)

Antonio Flores Uncategorized Danske Bank, Equity Release, Hamiltons Financial Services, Henry Woods, Luxembourg, Nordea Bank, Rothschild