Baron Rothschild indicted in France over fraud case

http://www.theolivepress.es/spain-ne...er-fraud-case/

FRENCH police have been ordered to track down one of Europe’s wealthiest aristocrats over a fraud involving hundreds of British pensioners.

Baron David de Rothschild has been indicted over the allegations after the victims, mostly expats living in Spain, bought into his loan scheme.

The banking magnate will now be questioned in his native France, five years after a Marbella-based law firm began legal action against him.

French police have been told by a judge in Paris to track down the wealthy scion who has various homes in the country.

The case involves his company, the Rothschild Financial Services Group, which stands accused of falsely advertising an equity release loan scheme, bought into by more than 130 pensioners between 2005 and 2008.

More than 20 British pensioners in Spain took up legal action against Rothschild’s company after losing their dream properties and thousands of euros.

Paris-based liaison judge Javier Gómez Bermudez – famous for his role in prosecuting the Madrid bombers – announced the summons this week after the Denia Court issued the order.

The Baron is believed to be staying at his Normandy castle, or near to his Paris offices, and lawyers have provided state prosecutors in France with two possible addresses to find him.

Marbella-based lawyer Antonio Flores of Lawbird said the indictment was a ‘breakthrough moment’ in the case.

“It is a good step in the right direction,” Flores told The Olive Press. “The courts are now in agreement with us that there is enough evidence to interrogate Baron Rothschild.

“The first thing they will have to do is find him. Once they have done that they can begin to question him.

“It is a real breakthrough moment for everyone involved.”

Rothschild’s product, the Credit Select Series Mortgage Loan, was sold to pensioners as a legal means to reduce the value of their homes for inheritance tax mitigation purposes.

The Tax Agency ruled that such a scheme constitutes fraud and Flores believes that Rothschild should be held accountable.

“In short, independently of what happened to the investment, Rothschild advertised a loan aimed at reducing inheritance tax, which is a breach of tax law,” he said.

Flores, and two other prosecuting lawyers, will submit questions for Rothschild in relation to fraudulent advertising.

The Rothschild Group has so far failed to comment.

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Originally Posted by walter

“The first thing they will have to do is find him. Once they have done that they can begin to question him.

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Why don't they start looking here.................

Our services include M&A and strategic advisory and financing advisory, including restructuring.

We advise our clients on transactions of all sizes – from large cross border and domestic deals through to smaller complex transactions.

We have a specialist team, Transaction R, (:confused:) (Translation >Transaction Rothschildren) dedicated to advising on mid size and smaller transactions.

Our relationship-driven approach ensures each client receives insightful advice, tailored to deliver the best individual solutions. Specialists with detailed, expert knowledge work together to address geographic, product, business, sector, structural and technical issues.

Solutions are devised and delivered by experienced execution professionals. (LOL I bet they are.)

Basically if you have lots and lots of money they might send one of theirs to marry you (to control you), if you refuse they might send minions to rip it all out of your hands (one way or another). If you marry (tricked into it, aloof and naive):

(1) they use the spouse to control you and/or spy on you
(2) this makes gaining control over your assets after your death easier .

If you refuse to marry: they use scandals, burglars, hackers, spies or other felonious means to attempt to gain access to your stuff. All the scandals of sports stars, actors might more often than otherwise be symptoms of first refusals. "You're married?" "Divorce her. If you don't we'll make her divorce you". Systematic confidence games ..same ol' same ol'.

"Investment Advisors" can be one way of gaining intel or control.

Quote:

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Originally Posted by walter

http://www.theolivepress.es/spain-ne...er-fraud-case/

FRENCH police have been ordered to track down one of Europe’s wealthiest aristocrats over a fraud involving hundreds of British pensioners.

Baron David de Rothschild has been indicted over the allegations after the victims, mostly expats living in Spain, bought into his loan scheme.

The banking magnate will now be questioned in his native France, five years after a Marbella-based law firm began legal action against him.

French police have been told by a judge in Paris to track down the wealthy scion who has various homes in the country.

The case involves his company, the Rothschild Financial Services Group, which stands accused of falsely advertising an equity release loan scheme, bought into by more than 130 pensioners between 2005 and 2008.

More than 20 British pensioners in Spain took up legal action against Rothschild’s company after losing their dream properties and thousands of euros.

Paris-based liaison judge Javier Gómez Bermudez – famous for his role in prosecuting the Madrid bombers – announced the summons this week after the Denia Court issued the order.

The Baron is believed to be staying at his Normandy castle, or near to his Paris offices, and lawyers have provided state prosecutors in France with two possible addresses to find him.

Marbella-based lawyer Antonio Flores of Lawbird said the indictment was a ‘breakthrough moment’ in the case.

“It is a good step in the right direction,” Flores told The Olive Press. “The courts are now in agreement with us that there is enough evidence to interrogate Baron Rothschild.

“The first thing they will have to do is find him. Once they have done that they can begin to question him.

“It is a real breakthrough moment for everyone involved.”

Rothschild’s product, the Credit Select Series Mortgage Loan, was sold to pensioners as a legal means to reduce the value of their homes for inheritance tax mitigation purposes.

The Tax Agency ruled that such a scheme constitutes fraud and Flores believes that Rothschild should be held accountable.

“In short, independently of what happened to the investment, Rothschild advertised a loan aimed at reducing inheritance tax, which is a breach of tax law,” he said.

Flores, and two other prosecuting lawyers, will submit questions for Rothschild in relation to fraudulent advertising.

The Rothschild Group has so far failed to comment.

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Please lock all of these criminals up!