Collapse of JVIP

hilarun

I'm looking for information about the collapse of JVIP (Joint Ventures in Property). It went into administration at the beginning of February.  It was, or they were, a bunch of companies owned by Peter and !!!!!! Dabner based in Kent. They relied on investors referring their friends and family because the interest rates they offered were very attractive. Most investors  found themselves with worthless contracts and unsecured loans. It may be that the whole thing is a ponzi scheme, or at any rate it has ended up that way. It turns out that platforms like TLP took commissions to refer clients to them who were looking for somewhere to park their pensions. I have lost all my savings - it doesn't look like creditors will get anything (except possibly banks). Does anyone on this forum have experience of JVIP or one of its many subsidiaries?

LateNightHunter

https://www.timeslocalnews.co.uk/business/southborough-property-investment-firm-collapses-owing-more-than-17million/

masonic

Unfortunately this sounds like an increasingly common business model. The money is typically skimmed off through eye-watering commission and introducer fees, so only a proportion of it is actually 'invested', while those investments are in highly risky ventures that subsequently fail. In this case it does appear the company has some assets, so you may see some of your money returned (after administrators have taken their fees), but it won't be very much if you are an unsecured creditor. Much will depend on how easy it is to dispose of the assets held by the company.

Albermarle

It turns out that platforms like TLP took commissions to refer clients to them who were looking for somewhere to park their pensions.

Despite the fact this is an investment /pensions forum where different investment platforms are discussed every day , I have never heard of this one being mentioned , which I suppose says it all unfortunately.

Very sorry for the OP and others who have lost a lot of money ( hopefully will get some back ) and it just reinforces what is often said . Stick to the mainstream in investments/pensions and only deviate from that if you are a VERY sophisticated and knowledgeable investor. 

KentScamBusters

If you Google - Property Tribes JVIP Losses in Millions - there is a good overview of  the horrendous  collapse of the JVIP Peter, !!!!!! and Connie Dabner Family Empire. Many investors have posted comments and they have also set up a Facebook page. I hope that is helpful but sad to say I suspect that you and many others have been fraudulently scammed by the Dabner Family.  

adindas

hilarun said:

I'm looking for information about the collapse of JVIP (Joint Ventures in Property). It went into administration at the beginning of February.  It was, or they were, a bunch of companies owned by Peter and !!!!!! Dabner based in Kent. They relied on investors referring their friends and family because the interest rates they offered were very attractive. Most investors  found themselves with worthless contracts and unsecured loans. It may be that the whole thing is a ponzi scheme, or at any rate it has ended up that way. It turns out that platforms like TLP took commissions to refer clients to them who were looking for somewhere to park their pensions. I have lost all my savings - it doesn't look like creditors will get anything (except possibly banks). Does anyone on this forum have experience of JVIP or one of its many subsidiaries?

Very sad to see people losing their hard earning cash. This is not the first time this thing happen. Just remember London Capital & Finance PLC (LCF) where many people lost their money. If you consider about investiment paying much higher than the norm than you will need to be suspicious.

Any Saving/Bonds not protected under FSCS are actually much riskier than investing in individual high growth stocks yet the return is much lower than high growth stock. For high growth stock (nor OTC Penny stock) they already put their public information about what they are doing, how they make money, their financial activities , where everyone could see. It has been scrutinised under the radar of many financial analyst/ strategists,news coverage.

masonic

adindas said:

Any Saving/Bonds not protected under FSCS are actually much riskier than investing in individual high growth stocks yet the return is much lower than high growth stock. For high growth stock (nor OTC Penny stock) they already put their public information about what they are doing, how they make money, their financial activities , where everyone could see. It has been scrutinised under the radar of many financial analyst/ strategists,news coverage.

Yes, and it is necessary to confirm FSCS protection independently using the Financial Services Register, and that you are dealing with the genuine company. There are many instances where FSCS protection was advertised or claimed during the sales process, but didn't actually apply.

KentScamBusters

An Update on Hunni Homes and Peter Dabner JVIP

Following on from the recent Tunbridge Wells and Medway press reports about the imminent collapse of Peter Dabner's JVIP property investment empire and it's associated Estate Agency Hunni Homes, I have been investigating the latest events. 

Hunni Homes recently released a statement distancing itself from the press reports, alleging it operates "wholly independently" of JVIP. The estate agency also updated its website, Twitter, Instagram and Facebook accounts in a not completely successful attempt to remove references to its membership of the self styled "JVIP Family".

The Hunni Homes website now claims to operate under what are actually three fictional companies called Hunni Homes EA Ltd, Hunni Homes LA Ltd and Hunni Homes AP Ltd. There are no such companies listed at Companies House. 

In reality it would seem that at least two of the controlling companies in the Hunni Homes set up are JVIP EA Ltd and JVIP LA Ltd. Peter Dabner is a joint Director of both. According to Companies House, the most recently filed balance sheet for JVIP EA Ltd (December 2019) show net liabilities of over £200k. JVIP LA Ltd financials are flagged as overdue.

Should the business fail, I sincerely hope that Hunni Homes' clients will be protected by the guarantees from lettings and sales organisations which Dabner's JVIP companies and Hunni Homes claim to belong to. For the sake of its employees and its suppliers I also hope that Hunni Homes can be kept as a viable business, but fraudulent claims and irresponsible cover-ups from the management are not the way to restore confidence and save a business.

If you have any further leads on the JVIP/ Dabner family scams or other dodgy dealers in Kent please let me know so that we can stop more lives being ruined.  

Sledger

I understand the police are investigating according to a BBC article. This historic link may be of use to any  victims of their Facebook group if they are not already aware of it.https://r.search.yahoo.com/_ylt=AwrkOk.ejStkfL0IZDh3Bwx.;_ylu=Y29sbwMEcG9zAzgEdnRpZAMEc2VjA3Ny/RV=2/RE=1680604703/RO=10/RU=https://peterdabnerscamfinal.wordpress.com/2020/02/18/how-peter-dabner-ripped-me-off//RK=2/RS=PvK3FGBWkyr2XtY0rIq8aWOaaI0-

KentScamBusters

The BBC TV report on the JVIP Dabner family's fraud has been downloaded to YouTube*. It makes harrowing viewing. Why this sort of investment isn't regulated makes no sense at all and puts thousands of people at risk of losing their life savings and future pensions. 

Peter Dabner and his father also took out government backed Covid loans for many of his very numerous companies, leaving the taxpayer out of pocket for several million pounds. We have all suffered at the hands of the Dabner family's scamming. 

And where has all that money gone? Perhaps stashed away in a tax haven somewhere to support the Dabners' parasitic lifestyle. 

* Search YouTube c4exNwcgJKU for the  BBC TV video on the JVIP Group fraud.

eskbanker

KentScamBusters said:

Why this sort of investment isn't regulated makes no sense at all and puts thousands of people at risk of losing their life savings and future pensions.

Only those who chose to put their money into unregulated investments - granted, some may have been unaware of that and didn't conduct enough due diligence, but there will always be unregulated opportunities to make lose money for those who are susceptible to high pressure selling or who believe they can outperform the mainstream investment options, so in itself that isn't necessarily a weakness in the regulation....