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Dolphin aka German Property Group Alleged £1 Billion Fraud - I've Lost My Pension Pot - Radio 4 Today


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Edit. Sorry I see this is already posted , mods please combine or delete

Listen to this earlier ...truly shocking, thousands of people allegedly burnt  

Pyramidenschema ?

Dolphin aka German Property Group Alleged £1 Billion Fraud - I've Lost My Pension Pot  

Radio 4 Relisten 

https://www.bbc.co.uk/programmes/m000pqd0

"

A You & Yours investigation can reveal that mlllions of pounds of investors' pension savings haven’t been returned by a German property company that was promising to keep them safe.

Dolphin, now known as German Property Group, promised huge returns and their original capital back, if investors lent their money for up to 5 years.

Dolphin would use the money to buy derelict listed buildings across Germany, do them up into flats and sell them to German buyers. Whilst Dolphin did use investor money to buy some buildings, it didn’t develop enough of them to pay the loans back.

The firm has now collapsed owing an estimated £1 billion to investors all over the world.

Thousands of UK investors have not received their pension savings back.

You & Yours reporter Shari Vahl is investigating where the money went.

She can reveal that only a fraction of the money invested by individuals in the UK, Ireland, Singapore, Korea and other countries was spent on German property."

Edited by Saving For a Space Ship
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