store first

Malthusian

sheffield61 wrote: »

I am happy to stand corrected, Storefirst Ltd is a total scam, as are all the companies linked to this company......

Where to start.....

1. In June 2016 the FOS instructed my then SIPP trustees, Stadia trustees Ltd, to repay me my entire pension value of £104,000 invested into storefirst. Instead of doing this Stadia ignored the FOS instructions and went into liquidation. In Feb 2018 the FSCS awarded me £50,000 against this joke of a SIPP trustees......

2. In Nov 2017 the SFO visited me to do a recorded and extended home interview into these investments. The Serious Fraud office tell me that the scale of the scam here exceeds 500 Million Pounds and is the biggest case they have ever invested.....

3. In Feb 2018 the SRA visited me to do a recorded home interview into the now struck off [for dishonest practices], Hetherington solicitors of Hoylake. Much of the money mentioned above has flowed through this rogue solicitors books....

4. My legal redress v this firm of solicitors is now with the Courts, I expect my court date to be issued very shortly. My claim against this pair of thieves is for my £104,000 pension, £53,000 in lost interest and my own sides legal fees.....

5. The UK GOV has issued x4 Court petitions to close Storefirst ltd down, this will reach the Courts before the end of 2018 I understand.....

After a four year battle I see much light at the end of the tunnel at last. I would hope people do not give up and I am happy to supply more detailed information, once my own claim is concluded shortly.....

John in Sheffield....

So interesting I thought it was worth quoting in its entirety. Sorry for your investment loss.

Fascinating to hear some of what's been going on behind the scenes in the past two years. Ever since the whocallsme thread on Store First was effectively shut down by the moderators it's been as if there's a news blackout on Store First, despite the impending court case regarding the winding up petition.

sheffield61

No need to be sorry but thanks, I have a fair part of my money back now and according to my barrister I have a good chance of getting the rest back at Court soon.......All I can say is never give up, I have been fighting this lot for well over x4 years now....

sheffield61

I understand that my own claim is the first to reach the Court v Hetherington solicitors, the cut off point for their first defence is actually today, 23/07/2018......

This ex solicitors were of course recommended highly in the Storefirst sales brochures and no wonder. AS my barrister tells me, the contracts produced benefit Storefirst ONLY.......

Alibert

Sometimes I feel like it's actually much too easy to get compensated. All this compensation is paid for by those of us who have the sense to stay away from schemes like this

calleyw

Thank for this thread. Someone I know only found out about this when he got a letter a couple of weeks ago. I will point them in direction of this thread.


£26K invested. Sadly the guy is disabled and only had state benefits to live off. So a lot of money for him to lose.


Yours


Calley x

Malthusian

Alibert wrote: »

All this compensation is paid for by those of us who have the sense to stay away from schemes like this

A lot of us wouldn't use financial services in the first place if there wasn't a compensation scheme; they would instead keep their money in their mattress or buried under the floorboards. Without a financial compensation scheme there is no way to be confident that if you put your money in the bank you'll ever get it back out.

If you don't like paying for compensation levies you are still free to keep your money under the mattress. If you do prefer to use financial services then the FSCS levy represents about 0.2% of what you pay for them.

Manchestertwang

Can you advise if you progressed and how this turned out? We have found ourselves in a difficult position with the Trustee of the pension going into liquidation with no idea who is now the trustee or where the assets are. Any advise appreciated.

gibbsb

As we are now likely to be liable for business rates, are there any forums where investors can come together to discuss issues and potential action. e,g Facebook group, Snapchat etc.

Malthusian

gibbsb wrote: »

As we are now likely to be liable for business rates, are there any forums where investors can come together to discuss issues and potential action. e,g Facebook group, Snapchat etc.

Be exceptionally on your guard if anyone solicits contact with you off-forum, because "investor action groups" are a target for fraud recovery fraud.

Unless you invested via a SIPP or were advised to invest by an FCA-regulated financial adviser, there may be little to be done other than to wait for the Government's winding up petitions to be heard in court.

jimleck76

I stupidly invested my pension into store first and after seeing a return for the first 2 years like most of the others who invested the money has dried up and Berkeley Berke who look after the sipp pension are taking there fees every year and nothing is being earned other then intrest and store first have now passed all business rates into the storage pod owners so they are now coming from the sipp there is gonna be nothing left soon . The pods can't be sold because they have been vuled at £0 I know I've lost my money but I want out of owning these pods before the money in the sipp runs out and they start coming to me for the business rates pleaseeee some advice on were to start I know I'm gonna have to get a solicitor involved