Investment Account help!

Flibbertigibbet75

Hello,

I wonder if anyone has been in the same or similar predicament...

Basically I have been trying for months (at least 6) to withdraw the funds froman investment account of mine. Only now, after months of being fobbed off and told ittakes 'a while' for everything to be sorted out have they decided to tell me thatthe individual who set up my account etc had run off with all the money from my account andthat of lots of other accounts?!! Now I am getting more spiel about having towait for the insurance company to pay up before I can have my money! Is thisright?! :mad:

I need to get some advice as to what my options are as I am in realdesperate need of these funds, and feel I am being held to ransom by thisbank!! (I have purposely not disclosed which bank, but it is not a high streetbank).

Any help or advice would be much appreciated.

Thanks,

F

Linton

This is very unusual unless of course you have fallen for a scam in which case you can expect them to fob you off until you give up. If you gave us a few more details as to what this investment is and who is managing it we might be able to comment more usefully.

Edit: Corrected!!!

grey_gym_sock

if you don't want to name the bank, perhaps you could tell us: are they authorized by the FSA? and do they come under the FSCS deposit protection scheme?

Reaper

I don't know why you haven't named the bank, we can't help you much without knowing who it is. However (as said above) these sort of delaying tactics are not unusual for scam companies who will string you along with any story that comes to mind until they are ready to shut up shop and vanish.

bigfreddiel

go to the police - report a theft - let the law handle it - you've been toldit was tolen so that should get it sorted.

"..... that the individual who set up my account etc had run off with all the money from my account and that of lots of other accounts......"

Totton

It shouldn't take long at all, I think that the last time I transferred between companies it took no more than 3 weeks but if I wanted to withdraw from my HL account then the money appears in my bank within a day or so.

HTH,
Mickey