Update from FCA for Asset Land Investors. 25 Feb 15

I was in contact with FCA (via their online contact us form) and received the following update on 24 Feb 15

FCA email 24 Feb 15

The website linked to in the image about can be accessed here:

http://www.fca.org.uk/consumers/scams/news-and-investigations/asset-land-investors

Another investor has kindly also emailed this update from today:

FCA update 25 Feb 15

Thanks to Patrick for forwarding that second update.

Another MBNA Success & Query Regarding Claims with Paul Tilley from Quality Solicitors Howlett Clarke 26 Jan 15

I was informed of another MBNA Success using Section 75.  This time one investor had paid £1000 deposit on an MBNA Credit Card and paid the rest by BACS payment.   He had been unsuccessful using Section 75 and writing himself.   He decided to utilise  Mis-sold Specialists who are a company who charge a fee to fight your Section 75 claim and if they are successful, they will take a percentage (I think 25-30%) of your refund as a further payment.

In this case the investor says ” I was refunded the total investment amount plus 8 % on top of the investment in interest, less 29% for Mis-sold Specialists so I only lost a few grand in the end”

I am not supporting or promoting the use of Mis-sold Specialists but clearly this investor is happy that he has a refund and has accepted that Mis-sold Specialists have taken a 29% fee.

– – – – – – – – – – – – – – – – –

On a slightly separate note,

I believe that those who were contacting Paul Tilley from Quality Solicitors Howlett Clarke were also trying to take action against Credit Card firms who were refusing to pay out on Section 75 claims against Asset Land investments.

Does anyone have any news regarding Paul Tilley from Quality Solicitors Howlett Clarke and how your refunds are going?

Asset Land Investors targeted?

Anyone else received a call offering an investment in Antimony from Monfort Resources Ltd or Templar Invest?
I have received an email from two Asset Land Investors mentioning cold calls about this investment opportunity….

http://montfortresources.com/ or http://www.templar-invest.com

1. Their office address in London is a VIRTUAL OFFICE SPACE (see here)
2. Neither Monfort Resources nor Templar-Invest are registered (under these names) on Companies House.
3. The Company Registration No. for Templar-Invest is given as Company Registration No: 12097884 …this is also invalid when searching Companies House.
4. On Lord Razzall’s page on the Lords page at http://www.parliament.uk/biographies/lords/lord-razzall/3275 it does mention Montfort Resources Ltd as a directorship although on Companies House, Lord Edward Razzall does not have Montfort Resources Ltd listed as one of his active directorships.
5. Companies House does mention a directorship with Fse Law Rechtsanwalts-GmbH as mentioned below but this is called Belgrave Resources Limited not Montfort Resources.
6. The director for Belgrave Resources Ltd is Edward Timothy Razzall, Director ID: 918267680 different ID from the other Edward Razzall of Baron Brown Ltd.

Can someone clarify what this is about?

THE INFORMATION THAT FOLLOWS WAS SENT to AN ASSET LAND INVESTOR AND IS COPIED AS PER THE EMAIL THEY SENT.

See HERE:

Montfort Templar

Section 75 Success with Bank of Ireland. Member 2 full refund. 04 Aug 2014

Well I have been interested in the back and forth between Member 2 and his bank, namely the Bank of Ireland. Having seen the various letters and knowing the evidence we have against many of the refusal reasons, Member 2 has been great at sticking with the Section 75 refund replies and not allowing his bank to make excuses for not refunding under Section 75.

Success at last!

Member 2 contacted me today and has now received a full refund for all three plots purchased with Asset Land as an investment with the deposit paid by Credit Card.

His letter of refund can be seen in the Members Area, Credit Card Refunds – under Member 2, it is his last letter of course.    https://assetlandscamgroup.wordpress.com/members-areas/credit-card-payments-and-refunds/

Those of you who are still fighting your banks for a Section 75 refund should definitely stick with it, Member 2’s persistence finally paid off in the form of a full refund.

EDM

Letter from FCA going out to Asset Land Investors Update 07 July 14

As mentioned previously, the FCA have sent a letter out to all Asset Land Investors with an update.

A copy of the letter can be read by clicking on the images below.

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1.  HELP – I didn’t get a letter:

Call the FCA Consumer Helpline 0800 111 6768. State that you are an Asset Land Investor and want to ensure that your details are held by the FCA.

2. Will I get my money back?

Don’t Ask me this!!! Read the letter. It answers that question as far as it can be answered at the moment.

Within the letter there is a link to the FCA web page where they state that they will post further updates, I have copied this link before for ease:

http://www.fca.org.uk/consumers/scams/news-and-investigations/asset-land-investors

Thanks.

EDM

Asset Land Appeal Dismissed 12 May 2014

Good News first!

Asset Land’s appeal has been dismissed and they have been ordered to pay compensation to investors.

 

Bad News next….

The compensation will not be equal to the amount invested.

 

The FCA are writing to all investors in the next few weeks to explain the process from here.  If you received a refund from your Credit Card company under Section 75 then clearly you will not be receiving compensation.  The Credit Card Company become the creditors instead – but a full refund under Section 75 is preferable to a smaller amount of compensation.

The FCA have a list of investors in the thousand and will be contacting investors directly.

Please don’t ask “How much?”.  I don’t know.  The FCA don’t know exactly and the process is ongoing.

Thanks.

EDM

 

(for those that were checking the case tracker, the case result is now given as REFUSED, ie appeal was refused.   http://casetracker.justice.gov.uk/listing_calendar/getDetail.do?case_id=20131017 )