Doesn't the document that you attached above explain the review, redress/compensation scheme and appeals process?So what do I need to do to get the money back, if that's even possible?
Well I thought the point of on here was to be able to discuss things. Other's might have experience. And it seems to me it's better to get it right or AIB will do their best to not pay. In fact I'm quite surprised it wasn't discussed on here as loads of people were involved.Doesn't the document that you attached above explain the review, redress scheme and appeals process?
And, as far as I can see, that question by addressed in the doc that you attached.So what do I need to do to get the money back, if that's even possible?
Well you have to have reasons to get the money back, and you have to word it correctly I guess. So I was hoping someone would know what to write etc.You asked a single question:
And, as far as I can see, that question by addressed in the doc that you attached.
Lavelle Partners are currently advising investors in respect of the review of their investments in the Belfry Funds. Please contact Ciarán Leavy, Partner and Head of Commercial Litigation should you wish to discuss the Belfry Funds review. Email: cleavy@lavellepartners.ie
What did the AIB review recommend for your relation?A relation of mine is attempting to get his investment back from a UK Property Investment Fund that was recommended to him by AIB called Belfry 6. He lost everything he put in. I'm not familiar with these types of investment and he wants me to help to fill out the form he's received from AIB. He came into a good deal of money and was called in by his AIB branch and there were 6 men in suits there to encourage him to invest in this product. With he having no experience whatsoever of investing in anything as he's a pretty standard rural farmer. I've no idea what they told him but he never expected to lose the money and would have trusted 'the bank'. He is the type that literally has hay bail twine for his trousers.
As far as I can gather all prior Belfry's were refunded, and now AIB are looking at No. 6. It's been difficult to get the details from my relation, I suppose there is an embarrassment factor, and he's going it alone. He's finally sent me the document he needs to fill out.
Obviously filling out the form is easy. But is there something I ought to know in order to do this right.
Background
The battle of the Belfry: AIB offers full refund to hundreds of investors in three Belfry funds - The Currency
Hundreds of investors in ill-fated Belfry property funds have been offered a full refund in recent days by AIB. The new wave of settlements totalling many millions is being offered to investors in Belfry Funds 2, 3, and 4 only of the six Belfry funds. In many cases, investors in these funds had...thecurrency.news
Form to fill out.
Thanks Duke. I'm awaiting that info on the review outcome and will revert. I wasn't aware that had happened until I read the document he sent me, which is clearly based on an appeal of the decision.What did the AIB review recommend for your relation?
My read is as follows. AIB reviewed every Belfry case and decided in their wisdom who should get compensation. For example if it was some of the wise guys on AAM AIB would probably assess they knew their onions, so no compo. Your description of your relative suggests he would not be like that.Thanks Duke. I'm awaiting that info on the review outcome and will revert. I wasn't aware that had happened until I read the document he sent me, which is clearly based on an appeal of the decision.
Yes he was constantly targeted every time he went into his branch. Until finally he agreed to have a meeting with them.ut looks like the bank found out he had money by using transaction details on the account and using it to upsell to him. A breach of data protection law?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?