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http://www.bbc.co.uk/news/business-11848113

Three businesses that were illegally selling satellite television warranties to customers have been put into provisional liquidation.

Digital Satellite Warranty Cover (DSWC) made a profit of £10m in the last year and had nearly 200,000 customers.

But it had never been authorised by the Financial Services Authority (FSA) to sell warranties.

Satellite Services and Nationwide Digital Satellite Warranty Services, based in Liverpool, were also halted.

The FSA applied to the High Court for the three firms, based in Kirkby in Liverpool, to be put into provisional liquidation to prevent more of the warranties being sold.

Comments

  • Hammyman wrote: »
    http://www.bbc.co.uk/news/business-11848113

    Three businesses that were illegally selling satellite television warranties to customers have been put into provisional liquidation.

    Digital Satellite Warranty Cover (DSWC) made a profit of £10m in the last year and had nearly 200,000 customers.

    But it had never been authorised by the Financial Services Authority (FSA) to sell warranties.

    Satellite Services and Nationwide Digital Satellite Warranty Services, based in Liverpool, were also halted.

    The FSA applied to the High Court for the three firms, based in Kirkby in Liverpool, to be put into provisional liquidation to prevent more of the warranties being sold.

    Good, and in addition to that they should : -

    - arrest all property anywhere in the world
    - ditto personable bank accounts / shares
    - cars / mobiles / clothes / jewellery / insurance accounts etc

    And the proceeds should not go to the state / revenue .. .. but to the cost of paying back all those who were conned plus interest on monies paid.
    Disclaimer : Everything I write on this forum is my opinion. I try to be an even-handed poster and accept that you at times may not agree with these opinions or how I choose to express them, this is not my problem. The Disabled : If years cannot be added to their lives, at least life can be added to their years - Alf Morris - ℜ
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