We have seen the following alert being circulated by AllTrust and wanted to make sure as many people as possible see this.
"We have been made aware of attempts by scammers to defraud members of the public who hold TRG assets, including those who hold their assets within a pension.
The scammers make contact saying that they have buyers lined up to purchase the asset and offer a very attractive amount of money. When they get interest, they say that there will be some up-front costs, such as taxes and solicitors fees, which you will need to pay first in order to complete the deal. They promise documents will then be signed and the money sent on.
In this case, the firm who made contact were Dixon Collins, a firm based in Malaysia, who said there was a firm in China who would purchase the property (however the scammers may use different names or countries eg Euro Resales Limited, travelandleisure.co.uk). As is usual with these types of fraud, there is no further contact once the money is paid, and frequently, that money will be lost. This is known as a Payment in Advance scam."
Just to reinforce our message to you. We are aware of no circumstances in which TRG Owners should be asked to pay any funds for any reason as a consequence of holding TRG assets.
- If you sell a Fraction (and a number have) then all costs for the transaction should be taken from the sale proceeds.
- TRG are not asking for BRM fees or other fees up front and have not done so since May 2022.
- Our advice is that Members have no obligation to pay 'fractional fees'. These are subject to legal review and should not be paid until this process is complete.
If you are asked to pay any money related to TRG ownership then please treat this request with suspicion and double check. You can contact Sua Casa if you are in any doubt at admin@sua-casa.net.
It's totally sickening to think how many people have been shafted by glitzy presentations. Now all these people and companies have dissolved whilst probably being paid high commission for targeting hard working people with their little pots iof happiness to retire and make plans for thier futures.
The UK government need to step in to compensate people who trusted these people whilst they unscrupulous looked for the loopholes. It's an absolute crime, robbed in plain sight!!!!
It is sickening to read the comments of genuine people that have lost retirement funds over the miss-selling - not only that I have lost £600 having paid for upkeep then to be informed I shouldn't have paid. Also paid a firm £600 to sell my SSAS - surprise surprise not hear a thing in over seven months. I also took advice from New South Law who looked into my transfer who informed me that although the selling agent were registered with the Pensions Regulator agents they were not Registered with the FCA so no claim can be made. Enough said! Can or will anybody help us?
So Larissa, could you please tell me how to sell my fraction and at least get some of my pension pot back. Please point me in the right direction unlike the people (TRG) that robbed me of my pension pot back in 2013. If I’d have not fallen for the garbage that was mis-sold to me back then, my £40,000 British Steel Pension Pot would now be worth about £90,000 - £100,000 and I could be enjoying my retirement. I guess I’ll be lucky to get £10.00 back but hey, I await your response.
Dear Mr. Broughton. We have been informed by the FSCS that they have compensated you (or agreed to compensate you) fully for the advice you received in this respect. As a consequence you should have received your investment funds and you should not be asked to pay any more by anybody. ~If we have the wrong information, please get in touch. For your information we were told in January 2018 that the FSCS were compensating you.
No different really to the people that came out and sold me the property in the first place. I've basically lost that money as well.