Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Barclays Fined £7.7M And To Repay £60M For Ripping Off Customers

Recommended Posts

http://uk.finance.yahoo.com/news/Barclays-ordered-pay-70m-mis-tele-1627046784.html?x=0

Barclays ordered to pay almost £70m over mis-sold investments
Richard Evans, 11:02, Tuesday 18 January 2011
Barclays (LSE: BARC.L - news) has been ordered to pay compensation of up to £60m to customers sold unsuitable investments. It has also been fined a record £7.7m.
The Financial Services Authority imposed the penalties after finding "serious failings" in the way the bank had sold two investment funds to customers, many of whom were retired or nearing retirement.

FSA have to be seen to be doing something. Catch the minnow and let the sharks go free.

Edited by Realistbear

Share this post


Link to post
Share on other sites

Mis-selling. Such a nicer word than fraud isn't it? Here she is Miss Selling 2011 in her bathing suit....

The interesting thing is when people on IO mortgages start realizing that they will never pay the loans off...

Share this post


Link to post
Share on other sites

http://uk.news.yahoo.com/21/20110118/tuk-canoe-conman-freed-from-prison-6323e80.html

The couple's plan to hoax insurers and pension schemes into believing Mr Darwin was dead was hatched as the couple faced losing their imposing seafront home in Seaton Carew, Hartlepool, in 2002. They had a 12-home property portfolio and were struggling to make mortgage repayments when he paddled into the sea in his home-made canoe and then disappeared.

Remember this cooked BTL sod? Jail time for ripping his insurance company for a few thousand. A small fry compared with the banksters at Barclays and the thousands of lives they have ruined and ar about to ruin.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.