Insurance investment scam in Valencia

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This topic contains 6 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 9 years, 7 months ago.

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  • #52750
    Profile photo of Anonymous
    Anonymous
    Participant

    Has anyone else heard of a multi-million insurance investment fraud involving British expats in the Valencia region?

    I believe that nearly one hundred Brits have lost up to €90.000 each on a ‘guaranteed double your money, no risk’ scheme.

    The scheme was heavily promoted by a well known expat businessman, based in Valencia.

    I also understand that most victims are keeping very quiet because they still hope to get some money back and the scheme was largely funded with black money.

    Can anyone throw light on this?

  • #70880
    Profile photo of Anonymous
    Anonymous
    Participant

    Since my last posting I have discovered that the expat businessman from Valencia who promoted this multi million scheme has put his property on the market for a quick sale.

    I have also discovered that a well known firm of Valencia lawyers have been instructed by victims to attempt to recover their investments.

    It is amazing how people think that by keeping quiet, they alone will get their money back.

  • #70887
    Profile photo of Melosine
    Melosine
    Participant

    Even more amazing is that people believe they can double their money on a guaranteed no risk !!
    Think it is called greed.

  • #70925
    Profile photo of Anonymous
    Anonymous
    Participant

    @bobsmith wrote:

    I believe that nearly one hundred Brits have lost up to €90.000 each on a ‘guaranteed double your money, no risk’ scheme.

    Peoples greed never surprises me

  • #70931
    Profile photo of Anonymous
    Anonymous
    Participant

    Melosine: This is not greed this commercial stupidity. At times you dont know wether to feel sorry for them or not.

  • #70933
    Profile photo of Melosine
    Melosine
    Participant

    Had friend in UK who “invested” in a similar thing.
    Well educated , very intelligent 50+.
    High up in a big multi-national company…earned mega bucks.
    When he told others about the deal all resisted and gave warnings which fell on deaf ears .
    Do I have empathy….certainly not. Pure unadultered greed

  • #70939
    Profile photo of Anonymous
    Anonymous
    Participant

    In this day and age with all the media-coverage on scams, I am staggered that people are still falling for it.

    Greed certainly taking-over from commonsense.

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