This concerns investors who:
1. Paid for their Asset Land plot(s) either in part or in full by CREDIT card.
2. Have been UNSUCCESSFUL in gaining a full refund for the entire plot(s) from their Credit Card Company.
You may have read the information I previously posted regarding another landbanking scam victim (not Asset Land but a similar scam) who took MBNA to court to get her money back under Section 75.
One investor and Site Lead, Roberta Bailey, was in contact with Paul Tilley (the solicitor involved in the successful case referenced above) and he has presented an option that may be of interest to you.
Click the link for more information:
I know people are asking if there is any news so I thought I’d just let you know that our FCA Liaison is in contact but there is no news yet, hence the lack of update.
I promise as soon as we hear anything I will update the blog.
See the link below for further information on this important judgement relating to a credit card company trying to avoiding payout for the victim of a landbanking scam when she paid the deposit with her credit card.
The judgement, which may well be of use to those struggling with their Credit Card company refusing to pay out under Section 75, is of note because of the time passed since the payment date, and also the fact that the payment was processed by a different company (similar situation to ESL whose director was Susan Siggins, wife of Stuart Cohen/Knight and part of the scam).
Read the judgement (html) : Mal’ouf v MBNA Europe Bank Ltd (t/a Abbey Cards)  EW Misc 1 (CC) (27 January 2014)
Download the judgement (pdf): Mal’ouf v MBNA Europe Bank Ltd (t/a Abbey Cards)  EW Misc 1 (CC) (27 January 2014)
Thanks to Gill for the updates and helping out other victims of landbanking scams and for her advice -
“If anyone has problems with s.75 claims please provide them with Paul Tilleys name as he was excellent…he had less than 8 weeks to prepare things too”
Interesting news for those who have been told that “too much time has passed” since their investment payment with their credit card – usually the deposit was paid by this method.
From another Credit Card Section 75 individual who had purchased land from a different landbanking company and then took her Credit Card Company to court when they refused to pay out under Section 75:
“I thought you’d like to inform anyone struggling with credit card providers that my judgment will be issued on the 27th…I can’t discuss it but I can say I now feel relaxed and am smiling!
The judgement will be in the public domain on the bailli website and I will be in the national news some time in the next two months.
We will succeed – I’ll explain after the 27th!
Take care and thanks for all your massive efforts keeping the blog running – it gives people hope when their battling organisations who don’t acknowledge valid claims….and also provides hope for those who paid cash.”
I think a summary would be to continue with your Section 75 claims and dont give up!
Please find the latest update in the FCA Liaison area of the blog.