Welcome to The Landsbanki Equity Release Fraud Site. Please scroll down this page to see articles in English,Spanish,French,German and Portugese.
Nous sommes des centaines de victimes de la fraude de la Banque de Luxembourg LANDSBANKI S.A. en Faillite et dans les mains de l’administrateur virulente de Luxembourg qui fait tout pour protégé les crimes de la banque et non pas les clients de la banque, depuis plus de 5 ans.
La plupart d’entre nous sommes des retraités qui ne savent pas encore comment utiliser un ordinateur.
MAIS nous apprenons et nos enfants et nos petits-enfants nous aident dans notre lutte pour la justice.
Bon nombre des victimes de fraude et abus ne savent pas comment faire pour mener un combat et la plupart sont dans les dernières années de leur vie.
22 victimes sont déjà morts, et beaucoup sont malades.
Nous savons l’importance de ce combat pour l’avenir de la Démocratie.
La corruption est comme une maladie dangereuse et se répand dans la partie supérieure de notre société et même dans la magistrature comme nous constatons.
Des centaines d’entre nous vont jamais abandonner ni céder à aucune menace ou intimidation, ni accepter le manque de respect et la rupture du droit par des gens puissants qui protègent des criminels et le crime.
Nous apprenons la profondeur du danger de cette corruption et l’importance de notre bataille, car nous sommes les clients, nous sommes les consommateurs, nous sommes les contribuables qui paient ceux qui détruisent le monde avec le TERRORISME FINANCIER.
NOTRE COMBAT EST VOTRE COMBAT AUSSI !
Nós somos centenas das vítimas do fraud de Banco de Luxemburgo LANDSBANKI SA. na bancarrota e nas mãos do liquidatário virulent de Luxembourg esse faz tudo para proteger os crimes do banco e não dos eles clientes dobanco, de mais de 5 anos.
Nós é os pensioners que ainda não sabem usar um computador, MAS nós aprendemos e nossas crianças e nossos netos nos ajudam em nossa luta para a justiça.
Muitas vítimas do fraud não sabe fazer para fazer exame a um combate e à maioria que se realizam nos últimos anos de suas vidas. 22 vítimas morreram já, e são doentes muito.
a importância deste combate para o futuro da democracia. corruption é enquanto uma doença perigosa e estende mesmo na parte superior de nossa sociedade e no magistrature desde que nós o vimos.
Centenas de nós nunca nós estamos indo sair nem ao rendimento a nenhuma ameaça ou intimidação, nem aceitar a falta do respeito e a ruptura da lei para os povos poderosos que protegem os criminosos e o crime.
Nós encontramos para fora a profundidade do perigo deste corruption e a importância de nossa batalha, desde que nós somos os clientes, nós somos os consumidores, nós somos os contribuinte que pagam aqueles que destrói o mundo com o TERRORISMO FINANCEIRO.
NOSSO COMBATE É SEU COMBATE TAMBÉM!
Somos cientos de víctimas del fraude del Banco de Luxemburgo LANDSBANKI SA. En quiebra y en las manos del liquidador virulento de Luxemburgo que hace todo para proteger los crímenes del banco y no los clientes del banco, desde más de 5 años.
La mayoría de entre nosotros son pensionistas que no saben aún cómo utilizar un ordenador,PERO aprendemos y nuestros niños y nuestros nietos nos ayudan en nuestra lucha para la justicia.
Muchas víctimas del fraude no saben cómo hacer para llevar un combate y la mayoría están en los últimos años de sus vidas. 22 víctimas ya se murieron, y mucho están enfermos.
Sabemos la importancia de este combate para el futuro de la democracia.
La corrupción es como una enfermedad peligrosa y se extiende en la parte superior de nuestra sociedad e incluso en la magistratura como lo hemos visto.
Cientos de entre nosotros nunca vamos a abandonar ni ceder a ninguna amenaza o intimidación, ni aceptar la falta de respeto y la ruptura de la ley para la gente potente que protegen los criminales y el crimen.
Nos enteramos de la profundidad del peligro de esta corrupción y la importancia de nuestra batalla, ya que somos los clientes, somos los consumidores, somos los contribuyentes que pagan los que destruyen el mundo con el TERRORISMO FINANCIERO.
¡NUESTRO COMBATE ES SU COMBATE TAMBIÉN!
Die meisten sind im oder über dem Rentenalter und können z.B. nur rudimentär mit dem Computer umgehen.
ABER WIR LERNER SCHNELL und unsere Kinder und Enkelkinder helfen uns im Kamp gegen die Finanzkriminalität.
Fast alle haben keine Erfahrung, wie man einen solchenKampf gegen Betrug und Korruption bestreitet, da sie alle im letzten Lebensabschnitt sind.
22 Opfer sind bereits verstorben und viele leiden unter dem Stress und dass die Obrigkeit sie, die Opfer, kriminalisiert.
WIR HABEN GELERNT wie wichtig ein Kampf als Betroffenen für die Zukunft der Demokratie ist, weil Korruption eine gefährliche Krankheit ist und sie die SPITZE der Gesellschaft spaltet. Europa ist in Gefahr durch den negativen Einfluss Luxemburgs, das die Finanzkriminalität schützt, anstatt die Bürger Europas zu schützen.
Dieser Finanzterrorismus zerstört die Welt unserer Kinder. Wir können nicht einfach nur herumsitzen und nichts für die Zukunft unserer Kinder tun.
Menschenrechte werden ignoriert nur um Bankkriminalität zu schützen. Das ist nicht hinnehmbar.
Wir sind Hunderte und werden nie aufgeben noch werden werden wir uns irgendeiner Bedrohung oder Einschüchterungen beugen, wir werden es nicht akzeptieren, dass man uns als EU-Konsumenten keinen Respekt entgegenbringt, sowie wir es nicht hinnehmen werden, dass die Machtmenschen, die glauben die Macht zu haben, die Gesetze brechen ,um den Interessen der Finanzindustrie zu dienen.
Wie haben lernen müssen, wie tief, grundlegend und gefährlich die Korruption in Luxemburg ist und wie wichtig WIR ALLE SIND, denn wir sind die Kunden und Bürger und Konsumenten; wir sind Steuerzahler, die jene bezahlen, die sich ungesetzlich verhalten und dies einseitig zu Gunsten und zum Profit der Banken. Das ist FINANZTERROR.
Der KAMPF DER OPFER, der Pensionäre ist der Kampf für Gerechtigkeit für alle Konsumenten.
Machen Sie mit, rufen Sie uns and, schreiben Sie uns !!
Most of us do not yet know how to use a computer,
BUT WE ARE LEARNING and our children and grandchildren help us in our fight for justice.
Many of the victims of fraud do not know how to fight a battle and most are pensioners in the last years of their lives.
22 victims have already died and many are ill with aggravated stress-related illnesses.
WE ARE LEARNING how important this fight is for the future of Democracy as the corruption is like a dangerous disease and is spreading at the TOP of our society and Europe is in danger of suffering the negative influence of Luxembourg’s protection of Financial crime.
This Financial Terrorism is destroying the world for our children. We cannot sit back and do nothing for their future.
Our Human Rights are ignored to protect Banking crimes and financial and accountancy crimes.
Hundreds of us are never going to give up nor give in to any threats or intimidation nor accept the lack of respect and the breaking of law by powerful people to protect criminals and crime.
WE ARE LEARNING how deep and how dangerous this corruption is and how important WE ALL ARE, as we are the clients, we are the consumers; we are the taxpayers who pay those who are destroying the world with FINANCIAL TERRORISM.
OUR FIGHT IS YOUR FIGHT TOO!
EXPLANATION OF THE FRAUD PROCESS
in LUXEMBOURG EQUITY RELEASE SCHEMES
The 7 First cunning Tricks of the Fraud (TO BE CONTINUED):
1. Rapid Registration of the loan with little respect for legal requirements, or legality of product in each country.
The miss-selling of a product which could never work, targeting in the main, vulnerable, susceptible pensioners with mortgage-free family homes, promising them an INCOME and a loan that would PAY FOR ITSELF, arising from their expert AAA prudent, low-risk investment.
IN OTHER WORDS, LIES DAMN LIES AND STATISTICAL IMPOSSIBILITIES!
The loan was CONTRACTED usually for 20 years.
CUNNING Commercial Agents and Fund managers using LUXEMBOURG visiting cards and brochures to ensure that the pensioners trusted in Landsbanki because it was a Luxembourg Bank running through Luxembourg, claiming AAA ratings and boasting incredible Annual Reports and showing the impressive glossy, documentation with its manipulated, false results right up until the bankruptcy.
2. To secure the deeds to the MORTGAGE-FREE family home under false pretences with the help of Notaries working with Landsbanki and not checking the legality of the product in the respective countries and with contracts in a foreign language.
3. For the bank to have control of the securities acquired with the funds retained by the bank for investment i.e A WIN- WIN SITUATION FOR THE BANK
4. ARTIFICIALLY DELAYING THE BANK INSOLVENCY in order to allow time to deplete the clients accounts and invest in toxic products.
This led to the manipulated false margin call with house prices across Europe suddenly being dropped by unqualified people in Luxembourg to 60% of their already low estimation and a sudden drop in cash value by 5% by non- qualified analysis with again no backup or professional input.
Just A ‘LUXEMBOURG SAYS SO’, which is unsustainable in Europe and is a WIN-WIN situation for the delinquent, failed bank under criminal examination in several countries.
LANDSBANKI WAS ALREADY INSOLVENT as shown in the S.I.C. report and the Icelandic procurer’s Indictment of 6 Landsbanki employees.
On top of that, the Official Insolvency was being ARTIFICIALLY and illegally DELAYED which breaches Insolvency Law EVEN IN LUXEMBOURG!
Once client’s funds were wasted, squandered recklessly on toxic products, Landsbanki, taking advantage of it’s artificial Insolvency delay, had the time needed to continue to acquire failing stock and shares often in the failing Icelandic Banks including in the already insolvent Landsbanki.
It was Bankers’ Party Time with our money.
The rapid devaluation of this toxic portfolio gave the opportunity Landsbanki needed for it’s next cunning trick….to make a deliberately mis- calculated MARGIN CALL, transform creditors into debtors and then seize property .
5. GETTING A HUGE LOAN FROM CBL to PLAY FOR TIME, artificially delaying the OFFICIAL insolvency and giving the bank the time it needed to trash our money by using our assets acquired under false pretences, as collateral as well as to transfer money out of Landsbanki and out of Luxembourg to Iceland.
6. Landsbanki Luxembourg incredibly gets a loan from the Central bank of Luxembourg CBL WITHOUT PROPER DUE DILIGENCE.
CBL must have been aware that the Icelandic banks were sunk.
Claude Trichet of the European Central Bank ECB told them so in several meetings and was very displeased that CBL had granted this huge loan LUXEMBOURG COULD NOT AFFORD, with Luxembourg tax-payers money, to a failed bank in a climate of serious financial turmoil.
The Government had to be aware of the recklessness and the question of the illegality of ARTIFICIALLY DELAYING the DECLARATION OF INSOLVENCY of a dead bank.
This allowed the clients’ accounts to be depleted , allowed the rotten traders to buy, without the clients’ consent, stocks and bond in all that was sinking in Iceland and NOTABLY buying Landsbanki’s own stocks and bonds WITH OUR MONEY and WITHOUT OUR CONSENT.
This was another serious breach of our contracts.
6 . The shocking S.C. R. signed off by a director of Landsbanki who knew full well this SCR manipulation was fabricated a couple of days before cessation of operations in order to create a FALSE DEBT AGAINST CLIENTS .
This manipulated MARGIN CALL demanded money clients did not owe or their homes would be seized. the clients were put under threat and ultimatum from that day on.
We are in the 6th year of this criminally negligent administration.
There was no supporting analysis, proper accounting or justification for this Margin Call fabrication.
Only after 18 months were we shown any breakdowns of how they had arrived at the outrageous figures transforming creditors into debtors, without proper accounting nor justification.
7. The YVETTE HAMILIUS TRAIN which she WANTED US TO MISS.
Once the clients’ accounts were depleted the manipulated false margin call could be made and Luxembourg’s Judiciary refused to see us as creditors even when the evidence was clear that the SCR methodology did not stand scrutiny.
Most Landsbanki Equity Release Clients’ properties across Europe were suddenly devalued by unqualified people in Luxemebourg to 60% of their already low estimation by Landsbanki.
A sudden drop in real cash value by 5% by
non- qualified analysis with again no backup nor justification and 0 value placed on stocks and bonds.
8. This led to Yvette Hamilius’ MISSED when everything was done , by mis-information and deliberate confusion, to ensure we missed a date set and changed by the Juge commissaire Karin Guillaume.
WHAT DID THEY DO?
THROWING LEGAL ETHICS TO ONE SIDE, the date which had been fixed as the last delay to register our claim against the bank, was tip-toed into press very few clients would read.
A handful of rarely read press was chosen.
What happened to the method of communication they were using to make their demands for money from US? In other words registered letters with signature of receipt to lawyers and clients to ensure demands are properly known.
Were the demands for money also put in obscure press? NO,absolutely NOT.
CLIENTS WERE IN A STATE OF SHOCK
a.) At all the lies they had been told by Landsbanki,
b.) That this AAA Luxembourg bank had gone bankrupt,
c.) That the Luxembourg Government had refused to give clients the 20.000 Euro compensation they were entitled to under European law
d.) That the false SCR had made them ineligible for this compensation by transforming them into DEBTORS
e.) That by such manipulation the Luxembourg Government could potentially save 12 million Euros by not paying the compensation!
These clients had already made their claim in Luxembourg.
These clients were simply told they were debtors and were brushed aside.
Then Yvette Hamilius said any claims were inadmissible if we had missed the date and Karine Guillaume the Judge Commisaire supervising her friend the administrator, agreed.
It was all too easy to say as was said in the Luxembourg press:
“THEY SIMPLY MISSED THE TRAIN”
The Luxembourg press interviewed both Yvette Hamilius and her friend Robert Biever the Attorney General and they were quite happy to explain away the hundreds of victims losing their cases in conveyor-belt fashion regardless of the blinding evidence of gross manipulations, false accounting, embezzlement and harassment of victims in an inequitable way.
THIS WAS A WIN-WIN SITUATION FOR THE BANK and the false accounting, manipulations of the SCR to transform all clients into debtors, the unauthorised, un-contractual and accountably unjustified investments into Landsbanki itself as well as in other toxic, insolvent banks are all on the list of suspicious actions within a liquidation which point more and more to the possibility of money laundering.
A seriously problematic administration such as the Landsbanki Luxembourg one, should lead any respectable lawyer, adhering to professional duty to adhere strictly to the E.U ruling of 2004 and immediately report the evidence which shows obvious possibilities of money laundering, especially in view of the illegal loan by CBL made to the insolvent Landsbanki which breaks one of the primary insolvent laws.
It becomes evident that the Luxembourg administrator has failed in her professional duty required by European law .
A message to all our friends in Luxembourg from the victims of the Landsbanki equity release scandal.
Wir sind nicht zu alt, um für Gerechtigkeit zu kämpfen und wir setzen dabei ein Beispiel für die Jüngeren, wie wichtig es ist für Gerechtigkeit zu kämpfen sowie um unsere EU-Rechte des Konsumentenschutzes gegen jene, die denken sie hätten die Macht zu Missbrauch und Macht gegen Wehrlose, wie Rentner und Pensionäre.
We are not too old to fight for JUSTICE and we are determined to set an example to the young about the importance of the fight for JUSTICE and the Protection of the European Client Consumer, against those who think they have the power to abuse it and to abuse the vulnerable, like the elderly pensioners.
The victims of this scam were mostly retired pensioners who needed to raise a little extra income. They are not wealthy but are all home owners who had paid their mortgages and had their life savings tied up in their homes.
Most of the victims are British although there are also French , German, Dutch, Spanish, Portuguese, and others who were drawn into this illegal scam by serious mis-selling.
The scheme offered was called ‘Equity Release’. We now know these Investment -Backed schemes have been illegal in the UK for many years.
Basically the pensioners were offered a percentage of the value of their homes with the rest being invested by Landsbanki with promises that these investments would cover the interests of the loan and provide the pensioners with an income.
They were told they were ‘foolish’ to be sitting on an asset that was not producing an income and were pressured to take up the offer in order that they could help their children whilst the pensioners were alive. Some were persuaded to take out life insurance cover with Lex Life which turned out to be a 100% subsidiary of Landsbanki which we are now told is illegal.
They were promised the investments were ‘SAFE’ as they would be classified as RETAIL or non-professional and great care would be taken to ensure LOW-or-No risk investments were made on their behalf by the highly qualified Landsbanki Fund Managers.
They were told LUXEMBOURG was the European Financial Center of excellence which would ensure maximum consumer protection.
Unfortunately it appears that this is quite the contrary and the scheme was sold based on mis-information, impossible promises and using the name of Luxembourg as window-dressing.
The victims believe Landsbanki was insolvent well before the Bank officially closed its doors which gave Landsbanki the extra time to misappropriated and ‘lose’ enormous sums and to retard the ‘suspect’ period as long as it took to invest and lose in the other Icelandic sinking banks before they all collapsed.
Thé victims were subjected to enormous losses.
This, we are told was illegal.
Large sums were being illegally invested into Landsbanki’s own funds most placed there just prior to the official collapse of the bank in 2008. These investments were made WITHOUT the authority of the victims and we believe were only made by the staff when they were advised that the clients would be protected in the event of the bank crashing and therefore that they as Landsbanki employees would not be liable.
It has been proven subsequently that the victims were not protected and Mme Hamilius, the administrator has been ruthlessly attacking the victims whilst demanding immediate repayment of money misappropriated without proper accounting, by the Bank. Even the employees have had to take their case to the European Courts in a case which they won over the administrator as their rights under European Law were not being respected.
Since the demise of the bank the Administrators have refused categorically to investigate this misappropriation of clients’ funds choosing to claim that the victims are liable for the misdeeds of the bank.
The victims have filed Criminal complaints, in European Courts, France and Spain and currently have lodged a Criminal complaint in Luxembourg and are represented by their Lawyers, Bernard Maingain and Benjamin Bodig.
There is also a Criminal complaint in Paris with the top Criminal Juge, Renaud Van Ruymbeke for fraud, mis-selling, lack of proper licence, abuse and manipulation, against LANDSBANKI.
The judge has frozen the actions of the administrator as she continued to try to seize the homes despite her not having paid the Surety of 50 million Euros ( the highest in the history of France) plus the fine of 1.8 million .euros from the Supreme Court for having refused to pay this surety and having lost the appeal in the Supreme Court.
The victims are not going to give up their fight for Justice against delinquent banks and the abuse of consumers . Even in the face of continuous harassment , threats, manipulation of facts and accounting after the failed bank finally was declared BANKRUPT we will fight on.
The fight for Justice against these banks who systematically abuse ordinary hard-working people who have saved and are honest members of society must be fought by us all.
We must have the courage to stand up and fight for our children and grandchildren who deserve to be treated with more respect and see that the Banks do not continue to get away with their crimes whilst decent people pay.
This is what this site is all about!
Please join us and help us.