Steven Barrett
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That is the guy who previously successfully rolled over Rabo Bank (ACC)
but the settlement is secret.
Why? Anything I have read make them seem connected and arguably culpable.4M payment to the 2 directors is unrelated to Dolphin Trust issue.
Any victims reading this here really ought to put their file in chronological order, copy all paperwork and go see Colemans, this is likely to evolve into the mother of all financial litigation.
A segment on The Pat Kenny show about it this morning. Didn't really pay much attention but for those who are affected i'm sure you can listen back..
The GORG report on the liquidation of DC80 the German SPV that was the banking centre is revealing. There were no Accounts, internally so impossible to link creditors to assets. This means specific claims to charges will be impossible because the cash never got there and the German aggregation rules when liquidation meets chaos like this.
It is only a question of time before regulators act because they cannot risk another Custom House Capital debacle, also involving German property. Any action will change the mood around Dolphin.
It is too simplistic to boil this down to buyer beware, the investors never stood a chance, not when they completed low risk tolerance in profiles at the front end, when advice is by regulated companies, money flowed into regulated products and there was no requirement to sign plain English declarations knowing all this stuff.
BBC R4 You and Yours covered Dolphin/German Property Group today.
BBC Sounds streams live and recorded content over the internet.It's very hard to get a decent Radio 4 signal down here
After what happened in this country in 2008 and its aftermath, how was anyone here stupid enough to fall for this obvious pig-in-a-poke?
I think they are buying strings of pigs in pokeshow was anyone here stupid enough to fall for this obvious pig-in-a-poke?
She paid £6,000 to a financial claims company in an attempt to recover her Dolphin investment, but “they just disappeared”. She even enlisted a private detective to track down the claims firm
Which one? I read the Guardian one and it was that which prompted my question.if you had bothered to read the linked article, you'd probably understand how.
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