27,750 in Farnham Park Cemetery, Surrey, but as far as I can establish, no investor has been able to realise their investment by selling their burial plots. Would you get a australian based binary option broke, invest, look after your pensions and buy insurance all through one app?
South East distorts healthy property picture across England and Wales as prices in the capital slump 4. More than 360,000 customers upgrade to Monzo’s current account but does it beat rival digital-only accounts? I ever get my money back? Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. In 2013, I was introduced by Creative Investors Ltd to an investment in Farnham Park Cemetery, Surrey, owned by Regent Memorial Ltd.
Sales material suggested that a purchase of burial plots could be realised in four years at a profit of 60 per cent. 27,750, but communication from the firm has all but ceased. As far as I can establish, no investor has been able to realise their investment by selling their burial plots. Despite this, the investment scheme was actively marketed by a number of agents. You will receive within 24 to 36 months a minimum contracted ROI of 37. Investors will enjoy a 40 per cent contracted return.
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TONY HETHERINGTON: Options firm on Level 85 of The Shard? All that was said when investors were asked to part with their cash. The picture is now different. The scheme’s appeal was based on what was said to be a shortage of burial land. So I asked one of Regent Memorial’s directors, Kamran Saleem, what had gone wrong.
The contract we hold with each and every plot holder does not give any guarantee of time frames. Whilst the brochures used did give indicative growth figures and return times, based on death rates and information available in the public domain, they all carried warnings. Those warnings stated that no matter what words had been used by sales agents, the figures were forecasts and not really guarantees. My involvement in the industry has been via my father, Mohammad Saleem Akhtar.
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He is chairman of the Sunni Confederation of Mosques in the Midlands. He also chairs the Birmingham mosque that runs the largest Muslim funeral service in the city, if not the country, Saleem told me. As for the sales agents, Creative Investors no longer exists. He did not seem to know the boss, an Australian named Maggie Yuan Wei, and she did not respond when I invited her to comment. Saleem rejected any suggestion his sales agents might have used false claims.
They used a combination of real figures about death rates and cemeteries, and predicted inflation prices, he said. They disclaimed their documents and invited clients to do their own due diligence. In effect, the figures in the sales pitch were worthless. Saleem tried to persuade me not to print a word of this as it would damage other business deals for him and the prospects of investors. If there is a huge shortage of plots, I would have expected the publicity to lead to a queue of undertakers at the gates tomorrow morning.
If you believe you are the victim of financial wrongdoing, write to Tony Hetherington at Financial Mail, 2 Derry Street, London W8 5TS or email tony. Because of the high volume of enquiries, personal replies cannot be given. Israel has banned binary options firms based in the country from offering their services to overseas investors. The ban already applies to trading within Israel, but in a vote on Monday last week the country’s parliament, the Knesset, voted unanimously to make the ban worldwide. Firms have been given three months to shut down. Israel has become notorious as the global centre for scam binary options. Other countries including Belgium and Canada have also clamped down on binary options, but Britain has been slow to act.
The Mail on Sunday first sounded the alarm in 2013, but the Financial Conduct Authority watchdog said this was not its problem, as binary options were gambling, not investments. Meanwhile, the Gambling Commission said its hands were tied as long as binary options firms kept their computer systems outside Britain. After a lengthy consultation by the Treasury, the City watchdog will take over regulating binary options next year. 20 addresses in the City. Why have stock markets fallen and what should investors do?