http://www.dailymail.co.uk/news/article-1218619/Police-fight-huge-surge-middle-class-fraud.html
the above is a link to an article in yesterdays daily mail
what this article fails to hightlight is the role played by the F.S.A in such frauds.
If you are the victim of such fraud, and the perpretrator is an F.S.A. registered company, which now is more and more appearing the norm in the UK, you are told you must file your complaint first with the company and ask them to investigate. The F.S.A sadly state that they cannot intervene by law until the process of complaints have been gone through. So in other words they are asking you to get the company that has stolen your funds to investigate themselves. This is an 8 week process at the very least before you can approach the F.S.A, who allegedly the governing body of all such crimes, to get them to move on this company, meantime the company can continute to operate and create bogus trails.
as for going to the police, whilst this has improved enormously lately, the fact still remains in the UK that to approach the police in the current climate you are required to provide full details of your past, your earnings how you got the investment, and worst of all to sign a document that his information may be shared with the Revenue and taxation people. So all geared by big brother under GB to trap the victim and not the criminal.
These F.S.A companies have spotted the flaws in the system and have taken serious advantages. They are registering their companies in off shore havens, outside of UK and EU jurisdiction, which makes it virtually impossible to serve proper statutory demands on them to get your funds back. For those who don't understand, one good thing that the GB tribe have introduced is the ability of an ordingary member of the public who has lost money to a company in the UK may issue and serve a statutory demand for return of funds, providing you can prove a transfer of funds to the account of the company. This gives the company 21 days to respond or they are closed down by the courts, the insurance for the company becomes liable and the client has a means to get his funds back.
However if the company with working offices in the UK and F.S.A registered are offshore, you have to get special authority from the high court to service on all companies outside of the uk and this becomes extremly more difficult if they are located on the Isle of Man, Guernsey, Jersey and similar off shore locations. NO doubt G |||KId can englighten us more on this.
so to give yourself some chance to protect your hard earned money, if approached by an F.S.A registered company in the UK. who now seem to be specialising in PPP programs, compressed trading opportunities, offering a quick buck in 30 days, do not send money to any account that is not protected by the F.S.A , at least you have the statutory demand to help get your funds back in 21 days and then the Public liability indemnity policy pays the loss, if you can prove misuse of the funds.
But be wary, these companies are now using banks in europe to attract your funds, offering you sub accounts under your sole signature all to help them build up a master account credit balance, and using their F.S.A registration, which holds considerable clout in the UK because it gives pretence to safety, security and regulated invesment, as the carrott to attract the unsuspecting people to higher investments than is permitted under their license.
remember the last people who will help you get your money back is the F.S.A, the so called governing body of financial institutions in the UK.
