The Sharks Exposed - New Costa del Sol Action Group

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The Blacktower Financial Management Group is now providing a unique vehicle that encompasses :- · Wealth Protection · Passive Investing · Guaranteed minimum 6.5% yield, increasing up to 7.3% · 80% capital guarantee by a AA rated bank · Minimum investment of only £25,000 · No exit penalty Blacktower have an experienced and regulated team of qualified consultants who specialise in both the English and Scandinavian speaking communities. We provide objective advice on the suitability of all Wealth and Investment Management opportunities. Call 952 816 443 Today for More Information Blacktower Financial Management Group Represented in Spain Tel: 00 34 952 816 443 Represented in Portugal Tel: 00 351 289 355 685 United Kingdom Tel 00 44 1372 844 344 Gibraltar Tel: 00 350 200 42353 Blacktower Financial Management (International) Ltd Suite 21 - 23 Victoria House, 26 Main Street, PO Box 671 · Gibraltar www.blacktowerfm.com Blacktower Financial Management (International) Ltd. is Licensed in Gibraltar by the Financial Services Commission (FSC) Licence No. 00805B. Blacktower Financial Management Ltd. is authorised and regulated in the UK by the Financial Services Authority.
introduction This is our third magazine with even more issues of fraud and financial disaster to contend with than before. What with the credit crunch and well known and established names seeking help and financial assistance it is surely a stressful time economically. Many banks and financial institutions are claiming assistance from their respective governments with even the IMF having to step in and save Iceland (the country not the supermarket) from financial ruin and with Greece seemingly not far behind. In these critical times it is even more imperative that good, sensible and regulated advice is obtained for you and your investments. Only regulated and qualified sources should be contacted for such advice as it is in these dire times that quality advice is a must. Anyone can make money in boom times, even monkeys with pins! Equity Release (ER) problems are still the main reason for people to contact us. It is essential that extreme caution is taken before committing your main asset (in many cases) to such a scheme. We make no apologies for having many articles concerning ER in this issue and references to the extreme importance of a full and comprehensive understanding of the implications of any ER contract before entering into it. It is crucial that all relevant details, including the total costs, commissions and interest payable, are fully listed and understood before you give your approval. Any scheme where there is a possibility that you could lose your home should be thrown into the bin. Our lawyers are extremely busy taking legal action against banks and agents who have acted fraudulently in some of these ER contracts. It is not helpful that in Spain there is no Financial Ombudsman Service as there is in the UK, although I do believe one will eventually be established here, and will find itself extremely busy! www.costa-action.co.uk The committee have been very busy on behalf of our members and we believe we are making a difference. It is useful for you to know that like our members, all on the committee are victims of fraud and mis-selling. We give our time and effort freely and without any personal financial gain. All our endeavours are concentrated on making this area of Spain free of non-regulated financial cowboys and to help those that have fallen into their clutches, financially compensated. It is worth noting that the regulated entities along our coasts love us and the unregulated ones hate us. The aims of the latter only being to make the maximum financial gain out of as many people as possible. We try to limit these numbers to the minimum and through our help and assistance; you should also support this objective. You will of course hear some good and some bad things regarding our group. All sorts of rumours have surfaced about our credibility. All I would say is that character assassination is regularly used by those who have been taken to task by us for usually not being legal and regulated to operate here in Spain. We are happy to hold ourselves and our group up to scrutiny by anyone. If you have any questions with regard to any aspect of our work then please let us have them and we will feature them in our next magazine. We welcome your enquiries and believe in complete financial accountability and transparency. You will note that we have a letters page which to be frank we could fill with complimentary letters. We also get a number of telephone calls from the public extolling our group’s aims and achievements. Many have thanked us for being the main reason for them withdrawing from suspect contracts. Unhappily this 3
Page 1: COSTA DEL SOL ACTION GROUP FREE COP
Page 5 and 6: Consumer confidence takes a nosediv
Page 7 and 8: How can I tell if a lawyer is regis
Page 9 and 10: news... news... news.. UK to face t
Page 11 and 12: news... news... news.. BEWARE DAVID
Page 13 and 14: BLACK CLOUDS AND SILVER LININGS The
Page 15 and 16: Equity release is a last resort Pro
Page 17 and 18: Prima Capital Guaranteed Investment
Page 19 and 20: Unauthorised by Direcion de Seguros
Page 21 and 22: x Unauthorised by the CNMV list tak
Page 23 and 24: AUTHORISED Financial Advisors in Sp
Page 25 and 26: Fuengirola, 23.2.09 DESPACHO JURÍD
Page 27 and 28: Good News for pensioners Bad News f
Page 29 and 30: Avoiding and/or Surviving the Con I
Page 31 and 32: WORRIES ABOUT UK HEALTH CARE RESTRI
Page 33 and 34: SALES ADVISORY PROCESS - a UK persp
Page 35: investment and risk attitude, funds

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