The financial watchdog, the FCA, wants to crack down on high-cost-credit, an issue which effects more than 3 million people in the UK. The Financial Conduct Authority has announced plans to cap fees in the rent-to-own market, where you can but furniture or appliances by way of weekly or monthly payments, at a high interest rate. They also want to crack down on doorstep Borrowing , where the lender comes to your home and collects payments. It also wants stricter regulations on catalogue shopping, which also charge an extortionate amount of interest on the goods they sell. On overdrafts, the … Read more
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A 37 year old man from Orlando, Florida stands accused of running a nationwide, fraudulent Timeshare scheme from his apartment.
David Jolly has been charged with Fraud nearly $90,000. Victims say they thought he was selling their Timeshares, but it was all an elaborate hoax.
Jolly is currently being held in jail, as he could not afford the $60,000 bail bond to be released until his hearing. In the US, when a defendant is arrested and charged, a court will set a dollar amount, known as a bail bond. This is required so as to prevent criminals fleeing before they … Read more
On 13 April 2018, the English High Court handed down judgement in the first ‘Right to be Forgotten‘ case tried in the English Courts. This landmark case specifically addressed the right to have personal information removed by operators of Internet Search Engine, Google. The Judge in this case held that Google must remove links to articles about spent criminal Beliefs and sentences of the two anonymous claimants.
Google returns search engine results that feature links to third-party reports. The two businessmen that launched the legal bid to remove some search results about their criminal convictions, stated that the … Read more
The Birmingham brothers have been ordered to pay back “Hidden Assets” or face an additional 15 months in prison.
Brothers Amarjit and Shivjit Bagharian, from Smethwick, were both jailed for seven years in February 2016 after admitting a Scheme to defraud topping £1 Million. Operating under 2 bogus companies, Sun Properties Solutions and Avon Client Services, they duped over 38 victims into handing over money in exchange for timeshare abandonment services, even promising their victims could obtain a handsome return on their investment.
However, the duo made no effort to sell timeshares, nor had any intention to do so. Instead … Read more
A family from Solihull were disgusted when their bank told them they would not give back £25,000, which was stolen from their savings account. Jodh Cusbia was contacted from what seemed to be a genuine number from TSB and that the woman he spoke to was so convincing, he had no idea that anything was wrong.
“I felt ill, I wanted to cry. I did cry”.
Years of earnings were wiped out in seconds. Jodh Cusbia, from Solihull, could hardly believe it when £25,000 was taken from his account, in what he thought was a legitimate phone call to the … Read more
Fraudsters have stolen £6.7 million from 4,700 unwitting holidaymakers in 2017 according to a report compiled by Action Fraud. Action Fraud is the National Fraud and Cyber Crime Reporting Centre, which is the UK’s national reporting centre for fraud and cyber-crime, to whom you should report any fraud in which you have been scammed, defrauded or experienced cyber-crime.
The report states that the average amount lost per person was in excess of £1,500, a 25% increase on the previous year. The report goes on to say that 2,245 victims reported saying that, as a result of their experiences, they had … Read more
Here at Praetorian Legal, we thrive on rewarding our employees for exceeding the company’s expectations for that month.
The winner for February 2018 is Rebecca Byrne, one of our Office Administrators. Head of Operations and Business Development Director, Harry Darby presented the trophy to Rebecca.
When asked how she felt about receiving the award Rebecca said “I am so happy to have been awarded employee of the month for the second time. I can’t thank the management team enough for everything they do for me here at Praetorian. I love the whole team so much, it’s like working with family.… Read more
Staff members working for the Financial Ombudsman Service have been flooding Glassdoor with negative reviews.
Glassdoor is the ‘TripAdvisor’ of the employment sector, where staff are able to rate past and current employers out of five stars. They can also leave comments on their experiences and many have taken the opportunity to vent on what working at the service is really like for staff.
According to Glassdoor ratings, Chief executive Caroline Wayman has an approval rating of just 9 percent and its not hard to see why, when you read just a handful of the comments left on the site … Read more
‘New Deal’ for consumers boosts consumer rights and law.
The EU currently has some of the stongest consumer protection rules in the world. The rights the EU has put in place for consumers give predictability and confidence to both consumers and businesses and include the right to safe products, the right to return a product bought online within 14 days and the right to have a product repaired or replaced within a guarantee period. These are just some of the discernible rights that make a difference to peoples lives. These shared rights have contentiously created a greater consumer trust in … Read more
The Financial Ombudsman Service (“FOS”) is directed to investigate when customers have unresolved complaints against financial institutions. Channel 4’s Dispatches went undercover to investigate accusations that complaints had been handled by officials with inadequate training and that banks had been wrongly favoured over customers.
Dispatches sent an undercover reporter to work as a trainee investigator at the service and some of their discoveries were truly shocking.
Some of the allegations include:
- Using Google to find out how financial products work.
- Staff being poorly trained, some with little or no knowledge of how to work a case file.
- Some staff not