Investigating, Quantifying and Exposing the Deliberate Frauds, Rip Offs and Scams Perpetrated On the British People by the Financial Services Industry - Everything in this Web Site has been Reported to the Financial Services Authority Many, Many Times Since Jul-02 & Totally Ignored.
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WHAT ELSE IS THE FSA TURNING A BLIND EYE TO?  

 

One list of everything you need to compare mortgage costs and save thousands.
Financial OUTRAGE - a Charity - presents:  "RATCATCHERS MORTGAGE MATRIX"
Adobe A3 File - or - Adobe A4 File - a list of Costs from every Mortgage Provider in order of Standard Variable Rate Competitiveness also showing the Most Competitive Current Mortgage Product from each Mortgage Provider..
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PRESS RELEASE - prior to Financial OUTRAGE being set up.

01-Oct-03 - Note: Bank base rate was 3.5% at that date, it is now 4.50% - updated costings are now available on www.RipOffsAndScams.com

The Financial Service Authority & the Banking Code Standards Board Are Deliberately In League With Many Of The Big Players (the Uncompetitive Service Providers) In The Financial Services Industry To Deliberately Allow Thieving Through Frauds, Rip Offs and Scams Against The Trusting British Public Totalling At Least £2,295,466,250,000.  

Lloyds TSB Fictitious False Exchange Rate Fraud  £29,000,000,000 
Lloyds TSB Current Account Rip Offs    £52,750,000,000
Lloyds TSB Credit Card Rip Offs £56,890,000,000
Lloyds TSB Personal Loans Rip Offs   £181,600,000,000
Interest Only Mortgage Excess Interest Scam    £799,140,000,000  
The Endowment Time Bomb - Expected Future Shortfalls Of 37% £555,000,000,000  
The Mortgage Rate Scams & Rip Offs £321,086,250,000  
The Pensions Crisis - “The Payment Holiday Scam”   £300,000,000,000  
Total Financial Cost to The British Public £2,295,466,250,000  

My name is James Stewart, I was the Managing Director of EuroCar DIRECT (UK) Ltd. from Feb-99 until Nov-02.  I successfully imported cars to the value of £20,000,000 in two and a half years, and was included in “Who’s Who Of British Business Excellence” as MD of one of the fastest growing companies in the UK.  I am currently the Managing Director of Remortgage NOW                                                                                                                                                            I state all of the following, except where marked otherwise, and that there are documentation and calculations supporting all facts and figures available for inspection on www.eurocardirect.co.uk, and that the examination and publication of the Simple Spreadsheet attached to this Press Release showing the Most Competitive Mortgage Product from each of the Top 100 Mortgage Providers is clearly shown to be a good guide to all of the savings available to the British Public.                     
                            

1
/  THE DELIBERATE MANAGEMENT DRIVEN EXCHANGE RATE FRAUD
 

I was the victim of financial crime - a deliberate management driven ongoing countrywide fraud by Lloyds TSB where they utilise a totally fictitious “MUST NOT BE FAXED OR COPIED TO CUSTOMERS” false exchange rate sheet, which is stealing between 1% and 2% of their trusting customers money on every foreign exchange transaction completed in every branch every day.

Whilst there is in existence a Lloyds TSB tariff of bank changes relating to international transfers, Lloyds TSB most definitely have NO tariff, NO price list, NO mention in Terms and Conditions, or NO other document in existence which advises or informs customers or allows Lloyds TSB to exchange sterling into currency at anything other than the proper international exchange rate.

Despite this being reported to both the Financial Services Authority and the Banking Code Standards Board on 03-Jul-03 with clear supporting documentation, NO action whatsoever has been taken by either of them to stop Lloyds TSB ongoing Fictitious & false exchange rate fraud, and is still ongoing in every branch every day, and has netted them at least £29,000,000,000 in the last ten years, which is a very conservative calculation, taking information from Lloyds TSB annual accounts.

The FSA, in an unsigned letter dated 04-Aug-03, merely stated “We regret that we cannot respond to all queries individually”.

On the 06-Aug-03, the same day that the above letter was received from the FSA, I and my friends visited over 100 Branches of Lloyds TSB, requesting the rate to transfer E 50,000 to Spain. Lo and behold in every single Branch they brought out the False Exchange Rate Sheet which IS STILL headed “MUST NOT BE FAXED OR COPIED TO CUSTOMERS” and either quoted or showed us the Euro rate which today is 1.3558. 

So not only are Lloyds TSB continuing their countrywide fraud, after it was reported to the FSA, they have actually upped the "Scam" to 4.2%. Therefore today there are stealing 4.2% from every single customer who makes a foreign transfer.  There are continuing this fraud with the blessing of the FSA, as without a public warning being issued by the FSA, the FSA is deliberately leaving consumers at 100% risk of fraud when dealing with Lloyds TSB.  

The BCSB, in a letter dated 27-Aug-03, from their Chief Executive Seymour Fortescue, stated “You raise a valid point concerning Lloyds TSB practice of using internal exchange notifications.  I am taking this up with them and I am also enquiring about the practice of other major banks”.   

However, in an E Mail the following day he stated “You are completely incorrect to state that Lloyds TSB is being investigated by the Banking Codes Standards Board. We are looking at the practice of Lloyds TSB and other banks, and may decide whether to recommend a revision to the Banking Code.” 

A revision of the banking code to cater for thieves!!!!!

2/  THE FINANCIAL SERVICES AUTHORITY

Yet, the Financial Services Authority state the following four directives on their web site:-

What we do

We are an independent body that regulates the financial services industry in the UK.

We have four main aims:

Maintaining confidence in the UK financial system. We achieve this by, among other things, supervising exchanges, settlement houses and other market infrastructure providers; conducting market surveillance; and transaction monitoring.

 

Promoting public understanding of the financial system. We help people gain the knowledge, aptitude and skills they need to become informed consumers, so that they can manage their financial affairs more effectively.

 

Securing the right degree of protection for consumers. Vetting at entry aims to allow only those firms and individuals satisfying the necessary criteria (including honesty, competence and financial soundness) to engage in regulated activity. Once authorised, we expect firms and individuals to maintain particular standards set by us. We monitor how far firms and individuals are meeting these standards. Where serious problems arise we investigate and, if appropriate, discipline or prosecute those responsible for conducting financial business outside the rules. We can also use our powers to restore funds to consumers.

 

Helping to reduce financial crime. Our work focuses on three main types of financial crime: fraud and dishonesty; and criminal market misconduct such as insider dealing.

 

Sounds good, but they are deliberately not doing it.  A “Bent Bank” and without a substantiated and complete response from the FSA or the BCSB, Failed Regulators.

 

Therefore this simply pushed me into investigating what else Lloyds TSB were up to and what else the FSA was turning a blind eye to.  The results were unbelievable.  The thieving by Fraud, Rip Offs and Scams totalled at least £2,295,466,250,000.

 

3/  WHAT ELSE ARE LLOYDS TSB UP TO!!!!!

 

I examined Lloyds TSB charges against a more competitive Service provider, like the Nationwide.  The savings available and the Lloyds TSB Rip Off Charges were utterly unbelievable, as follows:- 

A/  Calculated Fact - including an Interest Only Mortgage: 

Simply by transferring from Lloyds TSB Bank to a Competitive Service Provider like the Nationwide, an average person, like you or I, with a 25 year ‘Interest Only’ £100,000 mortgage, a £2,000.00 overdraft facility on our current account, a £2,000.00 limit on our credit card, and a car loan for £15,000.00 every five years - would save a staggering £3,078.48 in the first year, and an absolutely unbelievable £73,625.10 over the 25 year period. 

This is made up as follows:-

Total Annual Savings - Including an Interest Only Mortgage 

Simply by swapping your mortgage, current account, credit card and loan from Lloyds TSB Bank to a Competitive Service Provider - each year you would save £1,780.00 on your mortgage, £211.00 on your current account, £361.00 on your credit card and £726.48 on your loan.  This amounts in total to a staggering £3,078.48 in the first year and £2,939.48 in the following years. 

Total savings Over the Remaining Period of Your Mortgage 

Over the normal 25 year period of the mortgage, if you switched from Lloyds TSB to a competitive Service Provider  you would save £44,501.10 on your ‘Interest Only’ mortgage, £5,275.00 on your current account, £5,689.00 on your credit card and £18,160.00 on your loan.  This totals to a saving of an unbelievable £73,625.10 over that period. 

B/  Calculated Fact including a normal Capital & Interest Repayment Mortgage: 

Simply by transferring from Lloyds TSB Bank to a Competitive Service Provider, like the Nationwide, an average person, like you or I, with a 25 year ‘Capital & Interest Repayment’ £100,000 mortgage, a £2,000.00 overdraft facility on our current account, a £2,000.00 limit on our credit card, and a car loan for £15,000.00 every five years - would save a staggering £2,440.12 in the first year, and an absolutely unbelievable £57,664.93 over the 25 year period. 

Total Annual Savings - Including an Capital & Interest Repayment Mortgage 

Simply by swapping your mortgage, current account, credit card and loan from Lloyds TSB Bank to a Competitive Service Provider - each year you would save £1,141.64 on your mortgage, £211.00 on your current account, £361.00 on your credit card and £726.48 on your loan.  This amounts in total to a staggering £2,440.12 in the first year and £2,301.12 in the following years. 

Total savings Over the Remaining Period of Your Mortgage 

Over the normal 25 year period of the mortgage, if you switched from Lloyds TSB to a competitive Service Provider  you would save £28,540.93 on your ‘Capital & Interest Repayment’ mortgage, £5,275.00 on your current account, £5,689.00 on your credit card and £18,160.00 on your loan.  This totals to a saving of an unbelievable £57,664.93 over that period. 

C/  Save £93, 075 By Transferring From A Lloyds TSB Interest Only Mortgage Which Only Costs £6,925 More Than The Most Competitive Newcastle B/S Normal Repayment Mortgage     
The Interest charge on a Lloyds TSB’s Cheltenham & Gloucester Interest Only Mortgage is a simple calculation of £100,000 x 5.5% x 25 years = £137,500, and of course you still owe the original loan of £100,000. 

Whilst a normal Repayment mortgage from a really competitive mortgage provider, like the Newcastle, at 4.0%, will only cost £144,426 in total, being interest of £44,426 and capital of £100,000.

So for a mere additional £6,925, the customer repays the loan amount of £100,000 and cuts 3 years 10 months from the mortgage term, provided the customer maintains the uncompetitive Lloyds TSB’s Cheltenham & Gloucester capital & interest repayments and does not reduce to the lower repayments of the Newcastle.

4/  WHAT ELSE IS THE FINANCIAL SERVICES AUTHORITY TURNING A BLIND EYE TO!!!

A/  The Interest Only Endowment Mortgage - The Biggest Scam Ever Perpetrated on The British Public

These were aggressively sold on management driven false & bogus promises that they were cheaper, that they would definitely pay off the home loan and also provide an additional tax free lump sum, a sham, a tissue of lies - the original “Honey Trap”.

Never has the British Public been the victim of such a vile combination of blatant lies and management driven bullying financial thugs, posing as advisors, deliberately conning their unsuspecting customers.

A1/  Interest Only Mortgages - The Massive “Secret” Additional Interest Charge

On an average mortgage of £100,000 over 25 years at the supposed “industry norm” of 5.5%, an Interest Only Mortgage costs the customer an additional 63.3% interest when compared to a normal Repayment Mortgage.

The interest charge on a normal Repayment Mortgage is £84,225, and the interest on an Interest Only mortgage is £137,501, costing the customer a staggering additional £53,276 in interest, because the full amount is owing for the full period, whilst the balance and consequently the interest charges go down over the period on a normal Repayment Mortgage.

This is a “definite” additional interest cost of £53,275, being an additional 63.3%, leaving just £46,725 to magically reach a capital amount of £100,000 after 25 years, just to break even with the cost of a Repayment Mortgage.

Even at say 5% bonus per annum, and an endowment management charge of say 2%, it would cost £52,125, and of course is “conditional” whilst the additional interest charge is “definite”.

Had the British Public been correctly presented with all of the facts and costings including the “definites” and the “conditionals”, regarding an Interest Only Endowment Mortgage when compared with a Repayment Mortgage not one single person in the UK would have taken out an Interest Only Endowment Mortgage.

As a reasonable calculation of gross overcharging and of course the savings to be made, if there are 15 million people currently paying interest only mortgages with uncompetitive mortgage providers, and statistics state that the average mortgage is £100,000, then by completing the following calculation, £53,276 interest savings x 15,000,000 people = £799,140,000, yes 799 Billion.

A2/  Endowment Shortfall Timebomb

The Interest Only Mortgage facts above are now further compounded by the fact that many Service  Providers in the Mortgage industry will not now accept endowment mortgages or remortgages.  Most others will only accept them if the loan value to house value does not exceed 50%, 66% or 75%, in view of the “expected” massive further shortfalls well known about within the industry.  

We have seen large Endowment shortfalls of between 5% and 10% on maturity in 2002/03 which would have had 22 to 23 good years and only 2 to 3 bad years, therefore it is quite obvious that if, as stated, Endowment investments are now being made in lower yield safer markets, bonds etc., and the number of bad years therefore increases, that the future shortfalls will potentially be massive.  A risk borne completely by the British Public, whilst unknowingly paying a massive additional £53,275 in interest charges for the “privilege” of taking such a huge risk.  

No-one is telling them.  The British Public are being left completely in the dark almost certainly to suffer, huge risks and massive future losses, when they could swap now, complain, receive compensation, minimise their losses, swap to a normal Repayment Mortgage and safeguard their future, and safeguard the future of the Financial Services Industry.

The FSA & the BCSB prefers to do nothing, letting the “puppet” ombudsman block all apart from the most tenacious and persistent future complaints.  Yet, unless something is done now, the next 20 years will be fraught and horrendous for everyone in the Financial Services Industry as well as the British Public and there will be no trust left whatsoever.

As a reasonable calculation of the average expected Endowment shortfall within the Mortgage industry, we do the following calculation:- £100,000 Mortgage x 37% average shortfall = £37,000 x 15,000,000 people = £555,000,000, yes another 555 Billion.

The reality of this is that the unsuspecting British Public, the ”victims”, will undoubtedly not have enough money to pay off their home loan, threatening them with abject poverty in old age or even homelessness. 

5/  THE MORTGAGE RATE SCAMS AND RIP OFFS

 

The uncompetitive Mortgage Providers charge between 17.5% and 47.3% more interest than competitive Mortgage Providers - big balances x small percentage differences on interest rates equal massive additional mortgage interest charged.

 

Even if people have a normal Repayment Mortgage, recent statistics show that 75% of people are still with the wrong mortgage provider, and that many are even remortgaging from competitive Mortgage Providers to uncompetitive Mortgage Providers due to falling for the following Scams and Rip Offs.

 

A/  The Published Mortgage Rate

 

If you look in any newspaper on the financial pages for the Interest Rates section, it will always quote the uncompetitive “Halifax Mortgage Rate” of 5.5% which is the “Standard variable Rate” utilised by many of the bigger limited companies who supply mortgages, yet is completely misleading, as many Mortgage Providers, particularly mutuals, like the Nationwide offer around 4.5% and some, like the Newcastle, even offer a special mortgage at 4.0%.

 

The differences and savings on interest charges, over the full period of the mortgage are very substantial, and are as follows:-

 

Special note:  For comparison purposes there are two lines for each saving, one where you reduce your monthly repayments according to the competitive Service Providers minimum monthly repayment. 

 

The other where you maintain the uncompetitive Mortgage Providers Monthly Repayments (because you can afford them and they are what you are used to), and the combination of the resultant overpayments and the lower interest rates make the interest savings even more substantial.

 

Interest Only Mortgage     Interest Charged            Savings            

 

Uncompetitive 5.5%                 £137,500

Competitive 4.54%                    £93,000       £44,501 (32.6%) Maintain Current Repayments

Competitive 4.54%                   £113,500      £24,000  (17.5%) Reduce Current Repayments

Competitive 4.0%                      £73,235       £64,267 (46.7%) Maintain Current Repayments      Competitive 4.0%                    £100,001       £37,500  (27.3%) Reduce Current Repayments

 

Repayment Mortgage     Interest Charged            Savings

 

Uncompetitive 5.5%                 £84,225

Competitive 4.54%                  £55,684           £28,541 (33.9%) Maintain Current Repayments

Competitive 4.54%                  £67,430           £16,795 (19.9%) Reduce Current Repayments

Competitive 4.0%                    £44,426           £39,799 (47.3%) Maintain Current Repayments

Competitive 4.0%                    £58,350           £25,875 (30.7%) Reduce Current Repayments  

Extra Interest on an Interest Only Mortgage            Savings

Uncompetitive 5.5%                 £53,275           £53,275 (38.7%) Maintain Current Repayments

Competitive 4.54%                   £37,316           £37,316 (40.1%) Reduce Current Repayments

Competitive 4.54%                  £46,070            £46,070 (40.6%) Reduce Current Repayments

Competitive 4.0%                    £28,809            £28,809 (39.3%) Maintain Current Repayments

Competitive 4.0%                    £41,651            £41,651 (41.7%) Reduce Current Repayments

 

These are massive savings, and particularly if you currently have an Interest Only Mortgage with an uncompetitive Mortgage provider, as you would ADD the two appropriate savings together.

 

B/  The 5 Year Mortgage Costing Scam

 

Whenever you read a newspaper or a magazine when they compare Mortgages and show savings they invariably only show a 5 year costing, which gives a totally false prospectus of the real situation and true overall interest cost, and consequently enables the many uncompetitive Mortgage Providers to continue to Rip Off their customers.  If they showed the overall Interest cost no-one would ever even consider taking out a mortgage with a Standard variable Rate of 5.5% or above.

 

C/  The Latest Honey Trap - The Short Term Headline Rate

 

Short term gain for long term pain.  The latest honey trap, as a general rule of thumb, the lower the initial discounted rate the higher the ensuing Standard Variable Rate. 

 

Quite obviously the Mortgage Providers want to get at least one product as high up the “5 Year Costing” as possible.  In an article By Simon Watkins of the Financial Mail on Sunday dated 28-Sep-03, Luqman Arnold, Chief Executive of Abbey National told them “Banks play a clever game with best buy tables.  They design one product to appear in the tables and then play on the halo effect that benefits all its products.  Everybody uses them cynically”.

 

D/  Fact Find

 

The fact find sheet was instigated by the FSA after the mis-selling of Endowments first reared its ugly head.  Financial Advisors, when giving advice, must complete the Fact Find sheets for their prospective clients to enable them to source the most suitable mortgage, and one of the filtering questions, brought on by the mis-selling of Endowments is now “What is your attitude to risk?”. 

 

However, there is NO question that asks “Do you want the cheapest mortgage (or remortgage)?” or “Do you want to save money on your existing mortgage?”

 

If those two question was actually included then of course no-one taking out a mortgage through a financial advisor would ever take out a mortgage with the bulk of the big limited company Mortgage Providers whose Standard variable Rate was 5.5% or more, and no financial advisor would ever recommend a single mortgage with the bulk of the big limited company Mortgage Providers whose Standard Variable Rate was 5.5% or more.

 

E/  Deliberate Confusion

 

Unnecessary complicated products, full of technical jargon, the “higher” published Mortgage Rate, the Five year costing scam,  the latest Honey Trap - the short term headline rate, the lack of “Do you want the cheapest mortgage” or “Do you want to save money” on the Fact Find, all cleverly and deliberately designed to cause the maximum confusion to the customer.

 

For if the products were simple, with plain language customer documents, a true costing comparison over the full term of the mortgage, it would be quite simple to pick a truly competitive Mortgage from a keenly competitive Mortgage Provider.  

As a reasonable calculation of the average overcharging and consequently savings to be made by easily being able to choose a truly competitive Mortgage, we will be conservative in this calculation and take the savings available by swapping to the Nationwide, again based on a £100,000 Normal Repayment Mortgage over 25 years,  in the following calculation:- (75% of 15,000,000 people) x savings of £28,541 = £321,086,250,000, yes another 321 Billion. 

6/  THE PENSIONS CRISIS 

Another Scam allowed to happen and not sorted by the FSA. 

The Pension Funds shortfall is not merely because the share prices collapsed, it is because most companies took an employers pension contributions “holiday” during many years of the 90’s, which has been well documented but not well publicised, and should be easily checkable for any individual company by merely ordering a copy of their Annual Accounts for the appropriate years from Companies House. 

As a conservative calculation, if there are 15,000,000 people with a pension, and their average earnings are £25,000 and that the “Employers” Pension Contribution is 8%, and that the “Employers” Pension Contributions were not paid for 10 during the 90’s.  

Therefore by doing that calculation - in one year that makes a shortfall of £30,000,000,000 (30 Billion) - and in ten years it makes a shortfall of £300,000,00,000, yes 300 Billion. 

Which of course, if these amounts had been paid to the pension funds there would not have been any shortfall whatsoever, even with the stock market going down. 

A normal working person would make the reasonable assumption that they must have a contract of employment, which most definitely must surely include the details and percentages regarding the “Employers” contribution to their pension fund. 

Therefore that contract of employment was broken, and every person affected in the UK should initially complain to their employer and demand relentlessly that the “missed” payments be made. 

The real reasons, above for the Pensions Crisis, have never ever been mentioned in the papers. 

7/  WHO WAS ADVISED OF THE ABOVE FRAUDS, RIP OFFS AND SCAMS  

In Jul-03 a copy of the Lloyds TSB “MUST NOT BE FAXED OR COPIED TO CUSTOMERS” Fictitious False Exchange Rate Sheet was sent by E Mail to 80% of the members of the London Stock Exchange and also to the bulk of the UK National Media and the North West Local Media. 

Subsequently full details and costings of all of the above has been advised to them separately on up to 80 separate occasions in total to date. 

Despite a further 24 reminders to the UK National Media nothing has ever been exposed or reported. 

Despite 24 reminders to the UK National Press they will not even accept payment for a full page advert including a copy of the Lloyds TSB management driven “MUST NOT BE FAXED OR COPIED  TO CUSTOMERS” Fictitious False Exchange Rate Sheet. 

The UK National Media will not even respond when I simply want an advert showing the top 100 mortgage providers, and the savings available. 

It is undoubtedly in the British Public’s interests to be made aware, yet nothing has ever been reported. 

Despite 17 reminders to the FSA, I have been totally stonewalled and blanked. 

Despite 12 reminders to the BCSB I have also been totally stonewalled and blanked. 

Despite contacting every MP in the UK, who simply pointed me to my local MP, Mr Gordon Marsden, who despite 7 reminders has totally stonewalled and blanked me. 

Despite contacting the DTI, the OFT, the appropriate Government Ministers, the appropriate Government Departments, nothing has been done and the various bland fob off replies are all available on www.eurocardirect.co.uk 

8/  WHAT HAVE THEY DONE TO TRY AND STOP ME 

My initial UK web provider ukbusiness.com deleted my web site, Internet access, E Mail, and also refused to redirect from my previous E Mail address eurocar@ukbusiness.com to my new E Mail address enquiries@eurocardirect.co.uk after colluding with Lloyds TSB. 

Despite 11 reminders I have still not received any substantiated reason for this illegal deletion. 

The site was simply illegally deleted purely because Lloyds TSB did not want the British Public to be aware of their Management Driven “MUST NOT BE FAXED OR COPIED TO CUSTOMERS” Fictitious False Exchange Rate Fraud Sheet, nor did they want the British Public to be aware that it costs the average person with a mortgage, a car loan every 5 years, a current account and a credit card a staggering additional £73,625 (including Interest Only Mortgage) and a still amazing additional £57,665 (including Repayment Mortgage) to use Lloyds TSB Group as their Service Provider. 

I have been warned off from pursuing this fraud and my life has already been threatened three times by well dressed thugs who knew exactly who I was, although I quite obviously didn’t know them at all. 

9/  WHAT HAVE THEY DONE TO TRY AND STOP MY NEW COMPANY FROM EXPOSING THE MORTGAGE RIP OFFS AND SCAMS 

I set up Remortgage NOW purely and simply to expose the above Rip Offs and Scams. 

Lloyds TSB know how fast growing EuroCar DIRECT was, and they are desperate to ensure that my new company Remortgage NOW does not expand at the same rate and become a huge embarrassment to them for many years to come. 

Consequently on my new company Remortgage NOW, despite extensive advertising throughout the months of Jul-03 and Aug-03, not one telephone enquiry has been received and not one E Mail enquiry or Web Site Submit has been received.  Yet prior to Jul-03 and Aug-03 phone calls, E Mails & Web Site Submits were previously being received.  In view of my extensive advertising experience with EuroCar DIRECT, and the level of advertising, I would consider that at least 1,260 enquiries have not got through to Remortgage Now.  

Incoming E mails to my new company Remortgage NOW, have been filtered to E Mail addresses within the BBC.  New enquiries have been deleted, and “checking” E Mail messages from my other E Mail addresses to Remortgage NOW are subsequently delivered at a later time and even a later date on many occasions.  This routing and timing can be checked by right clicking on received E Mails.  Despite complaints and many reminders to the BBC no substantial reason for these filtered E Mails have been received. 

M/  Incoming Phone calls to my new company Remortgage NOW’s 0845 number, have been diverted to an “unobtainable” number.  Many people have informed me that when they ring the 0845 number they hear the number unobtainable tone, which is “by coincidence” the only type of call not analysed by my service provider who analyse answered calls and unanswered calls.  

All this to stop a “Bent Bank” and the massive mortgage Rip Offs and Scams being exposed by an honest businessman.  

10/  WHY IS THERE NO ACTION, WHY IS THEIR NO REPORTING 

So what have we here - deliberate Frauds, Rip Offs and Scams totalling a massive £2,295,466,250,000 against the British Public by the Financial Services Industry and no action is taken by the FSA or the BCSB, and no reporting or exposure by the National Media. 

Most of the people mentioned above only exist in a position of trust and have a duty to be honest in their dealings with the British Public, yet they are neither trustworthy or honest. 

The national Media has a duty to publish exposures when it is clearly in the interests of the British Public, yet there appears to be an unwritten rule from their editors of what can and cannot be printed. 

Yet in an honest country, on the 15-Jul-02, the day that the Lloyds TSB Management Driven “MUST NOT BE FAXED OR COPIED TO CUSTOMERS” Fictitious False Exchange Rate Sheet was copied to the UK Press and Media and to all members of the London Stock Exchange, the fraud would have been stopped dead in it’s tracks and Lloyds TSB’s Banking Licence withdrawn or suspended and the appropriate criminal proceedings instigated against Lloyds TSB’s Senior Management who set up the fraud.  

It is simply PURE UNADULTERATED EVIL. 

11/  WHO IS STOPPING THE BRITISH PUBLIC BEING MADE AWARE OF THE DELIBERATE FRAUDS, RIP OFFS AND SCAMS 

Whilst a reasonable and honest man could possibly initially believe that a couple of senior people at Lloyds TSB were in collusion with a couple of regulators at the FSA in allowing this fraud, he could not possibly believe or accept that an unorganised conspiracy could possibly encompass Lloyds TSB, the FSA, the BCSB, the DTI, the OFT, the Media Blackout, the appropriate Government Ministers, the appropriate Government Departments, every UK MP including Ian Duncan Smith and Charles Kennedy the leaders of the “supposed” opposition, and 80% of the members of London Stock Exchange, and the Chief Executives or every Mortgage Provider - copies of latest reminders and all replies are on the web site. 

No reasonable and honest man could possibly accept that there is not one honest and forthright person, in a key position or power and trust, who will stand up and say “This is an outrage to the British Public”. 

I irrevocably believe that in my efforts nail a “Bent Bank - Lloyds TSB”, and uncover what else they were up to, and subsequently what else the others in the Financial Services Industry and Failed Regulators were up to, I have uncovered without any reasonable doubt whatsoever, a hotbed of widespread organised corruption, lies, deceit, deliberate Theft, deliberate Rip Offs and deliberate Scams, from many supposedly trustworthy organisations, regulators, Government Departments, etc. 

A reasonable and honest person, in a supposed democratic country where we are all meant to be able to trust the people in positions of power or trust, can absolutely and irrevocably see that: 

There is now absolute and irrevocable proof, that the Government, a transient puppet controlled by a long established senior Civil Service, a hotbed of organised corruption, where a more sinister secret society, is in league with the decision makers at the FSA, the BCSB, the DTI, the Treasury, the London Stock Exchange, the UK Media, the Ombudsman Service, the OFT, the Criminal Cases Review Commission to allow the Financial Services Industry to furtively steal £2,295,466,250,000, by deliberately perpetrating Frauds, Rip Offs and Scams against the trusting British Public in Exchange Rate Theft, the Endowment Shortfall Timebomb, the Company Pension Theft, the Massive Overcharging on Mortgages, the scandal of hiding the True Massive Additional Interest Cost on Interest Only Mortgages, etc. etc. 

It is also well documented, but little publicised, that the hypocrites of that secret society worship a devil and their only real god is money, and are sworn to place their duty and loyalty to each other to the total detriment of the British Public.  Their main aim is to have a one world leader, and everyone with an identity card, so that they can control everything and everyone, and take as much money as they can from the normal honest British Public who most of them regard as scum and there for the taking. 

To this end war was waged with Iraq for no substantiated reason whatsoever that the British Public would agree with, and against the will of the vast majority of the British Public, and that the Government are only hanging on in power because we cannot trust the people that we are meant to trust to remove them. 

By breaking all of the International Rules on unprovoked aggression against another sovereign power, Blair has turned us into War Criminals. 

Although it is a well documented fact, but not however a well reported fact, that the first thing Hitler would have done had he made power in the UK, was to eliminate the Freemasons as their party had clear evidence they, and not the Government, ran the country.  Thankfully Hitler did not win power. 

An honest Government, particularly in a world of terrorism would ban all “Secret Societies” in particular the Freemasons. 

As there are approximately 500,000 of them in key positions of power and trust, most of whom are paid for by the trusting British Public, the only solution is that a United Nations peacekeeping force be brought in to cleanse the country of the total corruption and pure unadulterated evil. 

And that all people in Government and all senior Civil Servants should both swear and sign an oath that they are not members of any Secret Society, and that anyone refusing should be suspended indefinitely, and that anyone subsequently found to have lied be jailed for 5 years. 

With a total disregard for the British People, these people, for their own ends, have turned us into War Criminals and are deliberately thieving £2,295,466,250,000 from the British Public. 

At this moment in time we are not a democracy at all, there is no opposition, the UK is simply a Fascist Dictatorship. 

12/  ACTION REQUIRED 

A new political party must be formed as soon as possible with a view to open and transparent Government, otherwise these Bent Bxxxxxxx will continue to bleed the British Public dry. 

The UK National Media cannot ignore thieving of £2,295,466,250,000, and must report this Press Release in full and publish the Spreadsheet Summary of Mortgage Savings to enable the British Public to rectify their own personal nightmare financial situation as soon as possible and eliminate the deliberate thieving caused by the Frauds, Rip Offs and Scams of the Financial Services Industry. 

All other Media, Publications, Organisations and Clubs contacted should simply publish the simple Spreadsheet Summary of Mortgage Savings with any additional narrative that they think fit. 

It is ironic that all of the above information, was only adduced, thanks to a “Bent Bank - Lloyds TSB” and a Failed Regulator.  God works in funny ways.  God Bless them for unwittingly bringing thieving of  £2,295,466,250,000 through Deliberate Frauds, Rip Offs and Scams to all of our attention. 

For more information see www.eurocardirect.co.uk, or if you can assist in any way please initially contact James Stewart by E Mail on enquiries@eurocardirect.co.uk 

 

James Stewart
MD of EuroCar DIRECT from Feb-99 to Nov-02, currently MD of Remortgage NOW
 

 

 

 

 

 

 
         
 
 

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