14th May 2007, a year after the collapse of the stamp trading companies, Afinsa and Forúm, uncertainty remains for those who fear the loss of the investments. Some 460,000 people have lost money, some of them their life savings in the collapse, and experts say the chance of them getting any sizeable percentage of their money back is small. It comes as the Prosecuting Office has announced that they think the financial black hole in the two companies is even larger than previously thought – at more than €.4.7 billion. .
There were related plenty of disconsolate personal stories http://news.independent.co.uk/europe/article364617.ece
As Afinsa and Forum Filatelico are not strictly financial companies, they are not covered by Spanish Goverment guarantees .
The question everybothy ask theirself is, how could two societies like Afinsa and Forum set up a swindle that last 25 years without any authority taking notice of it?
As Afinsa and Forum Filatelico are not strictly financial companies, they are not covered by Spanish Goverment guarantees .
The question everybothy ask theirself is, how could two societies like Afinsa and Forum set up a swindle that last 25 years without any authority taking notice of it?
On the other hand, the return rate in pensions' plans was in some case between 14 and 16%, when the normal rater in other ones were 7'22%. And one of the financial principle is the higher return the more risk it is attached. Moreover, investigators reckon some of the stamps were overvalued by up to 900%, this means almoust nobody checked if their stamps' value was correct. In fact, Spain's consumer groups said they had long warned investors against giving money to the firms.
More than one year later swindle's victims keep fighting for recover their money.http://www.afectadosfilatelia.org/
No comments:
Post a Comment