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  • Anonymous
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Posted: Fri, 10/10/2008 - 04:35

If you are contacting someone, be it media or other, and you feel it might benefit others on the site, please give the details.

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Sipp acc

  • shafted
  • 10/10/08 12/12/09
  • a depositor
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  • Sat, 11/10/2008 - 15:49

I too hold two accounts held in a trust acc sipp i am a uk resident and tried to open a uk based Kaupthing Edge acc, but was told it would have to be a trust deposit acc based in iom, i only deposited four weeks ago, cannot get this out of my mind looks like there are some influential people fighting our corner, the disaster is bringing everyone together, i am hoping for a good outcome, hopefully we may sometime soon all be able to celebrate our funds being returned somewhere together.


EXPAT - thank you for your

  • sleeplessnight
  • 10/10/08 30/06/09
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  • Sat, 11/10/2008 - 09:46

EXPAT - thank you for your posting, obviously you understand the cautiousness. I agree with your thoughts on re-finance package given the outcome of the G-7 action plan.

I would like to know your comments on nealjohnsons suggestions which many of us are happy with - as you are a big stake holder this would have huge bearing on the plan.

Of course the IoM compensation is not satisfactory for anyone as it seems apparent it would be drip fed and not nearly enough. The quantity of each individuals losses are all relative, and to many of us it is everything we have for our families and our commitments and that is what is important. We ALL need 100% compensation regardless of amounts.

Are you staying in IoM indefinitely and are you happy to liaise over the website or are you concerned about these discussions having negative impact on our plight?


On thinking about this, if

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 10:11

On thinking about this, if anyone wants to meet up and talk I'd rather do it face to face really. My eyes and brain hurt! I only know the Gaity theatre and the hotel I am in, so mabe meet on the prom or somethinmg in anhour or two?


At the mpoment to neal I

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 09:58

At the mpoment to neal I would say take a look at Northern Rock and a banjk run, take a look at whats happening globally, there is NO confidence out there at all neal.
I am on the IoM at the moment and will stay here a while yet. I want my money. I will not consider anything until I know the outcome of the negotiatons in Iceland.

I am not making anyone any offers until I need to.. This is a who blinks first moment I am not going to blimk! Wait a while please, you can in reality do very little at the moment. If you want take make an offer its your choice, but no not with me at the moment thanks.

Whatever neal thinks I am terrified of run occuring and would prefer to give the negotiators time to try to resolve the situation. The men are pro's try to understand that they are trying to save a very much bigger fish than just us.
Are you on the IoM?


I agree. I will let you know

  • sleeplessnight
  • 10/10/08 30/06/09
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  • Sat, 11/10/2008 - 10:51

I agree.

I will let you know if I can make it over to meet with you. I am UK based. Be in touch later today.


Expat - Update

  • jjw
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 09:22

Expat, thanks for all your posts on this forum. We do have some hope of an early end to this situation. Is there any additional information that you can provide us with at this time for re-assurance please? I appreciate that things are commercially sensitive and the nature of any snippits you provide will be generic. However, as you are in the same boat I am sure you appreciate that any up to date information on this is very welcomed. Thanks.


Hi, I cannot betray a trust

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 09:45

Hi, I cannot betray a trust in public, sorry,. Two people on this forum now know who I am and what I know. Please for now leave it there. Please try to understand that however personal all of this is to us, we also carry the load of many others peoples lives if run on the banks starts. Awesome stuff really. I am hopefull of a resloution, and am aware of a major pressure build up on the IoM gov.

Thats it really


Uhhhm

  • Captain Mainwaring
  • 11/10/08 31/05/09
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  • Sat, 11/10/2008 - 09:59

Well, I kind of see the sense in that, however I didn't notice a great deal in the way of morality when dealing with our accounts.

Perhaps a high profile blurb to send a little shiver through the rest of the banks would be what it takes to get someone where it counts to release funds that were hoovered out of our accounts for the benefit of the uk, who ended up propped in anycase.

Downside is this would bollox up any potential buy out, and I would suggest that a buyout would be the best way out of this crap.

I'm in reasonably deep too.


Catain the ripples have

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 10:14

Catain the ripples have already arrived hwere they need to go. And yes a buyout is what we need or a refinacing of the banks in question. Guys I have a headache I had my frst glass of wine in six years last night and now kniow why I don;t drink anymore. As I say anyone want to meet, I'm up for it, I could do with a little comforting as well. am feeling very alone at the moment


champagnski

  • Captain Mainwaring
  • 11/10/08 31/05/09
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  • Sat, 11/10/2008 - 10:24

I would have thought you would have been innured to headaches after drinking in russia. I am afraid that I am just a bit far away and in the wrong hemisphere to take you up on the chat.
Any idea which public bodies were depositors in KSFIOM ?

If it wasn't for my mate Ron Bacardi, well I don't know what would happen, and just as well I don't go back to the septic hell hole that is the UK now, because I would certainly end up punching someone


Ah it's what 've seen in

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 11:56

Ah it's what 've seen in Rssia that stopped me drinking Captain. Many of your poinyts I agree wit, bt a little patience is reqired, it is after only a few days that have passsed, although its a lifetime to us!

Twenty local authorities as far I know. But there are many other institutions in potentially the same situation as as far as I know, so the pressure will be pretty overwhelming at some point.

Vengance is best served cold captain and will I do not doubt come later, whatever the outcome.


Matt, thanks a lot. Maybe

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 08:54

Matt, thanks a lot. Maybe we#ll meet one day


For those that are skeptical

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 08:51

For those that are skeptical yes I am the guy from Moscow, my daughter and wife are at their wits end right now in Moscow just like all of you. I've kept anonmous because I needed to not betray a trust. I can only put the case with others and yes of course its true that 100% is the only option as far as we are concerned. WE are caught in the middle here as I'm sure you all realise. I don't pray, but I'm considering it .I've been through some storms in my tme and have done some pretty large negotiations, so thats why I'm asking for calm. I can only say our lives our in others hands and at the moment all I can see is a little girls face and a tust she has in me. Yes its personal, but it has got to involve all of us.

As we stand there's not much more I or others can do. Three of us have millions at stake here, but we hope we are wise enough to make noises in the right places. The vengance can wait for now, as somebody said we need a few days calm, if we get there it'll be nice, if not you can all have a riot!

If you watch news you can see that the Treasury are having to act for us as well, you can deduce that an option is to re finace Landbanski and Kaupthing and let them trade again. The terms of such a deal will be very hard to negotiate at it will take political will on all sides to get there. There are guaranteees that will be need to secure it all, the original guarantees will need to be ring fenced etc etc.

This is a high;ly politicaly charged mment everyone, and to get what we want, or even any hope of it, we shouldn'ty be sinling to only boat we have which is listing badly enough as it is.

I just want to g home and see my daughter and wife who are 2000 miloes away, I am pretty alone and only know a few people that are in the same mess as me, the desire to scream is large. But screaming isn't going to help me or you is it. Cool thinkig might just get me back to my family.
Okay?
I'm at the Sefton Hotel if anyone wants to hold mt hand!!!!


EXPAT

  • masu
  • 10/10/08 30/04/14
  • a depositor
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  • Sat, 11/10/2008 - 18:49

I called your hotel and left my email address so please identify yourself to the reception . There is another "hand "waiting for you from a couple in Dubai ...collect your messages
thanks


Expat ..i was wondering how i

  • masu
  • 10/10/08 30/04/14
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  • Sat, 11/10/2008 - 10:45

Expat ..i was wondering how i could be of service to all others out there as in the same position as us . We too have a lifetime of savings invested and at our age absolutely no chance of starting over . We do not have the courage to tell our children or grandchildren .I can not see my husbands tears!
We are considering everyone in this arena as all losses are relative to the individual . We do not know which way to turn !
I was wondering whether those involved in this injustice , professionals , could offer their services and declare themselves . There must be several lawyers , solicitors ,bankers ,businessmen, ambassadors , councillors....who have knowledgeable and valuable input. If of course it needed a protracted amount of time and energy we willing would contribute ,as many others , to the cost of their services .
Individuals who have life savings will find difficulty in getting justice unless we are unified .Organisations will have more success. We must only stay quiet for a limited amount of time or we will becme history !
I have professional and organisational skills ....but at the moment ..... only well qualified to hold a hand!I do pray so may God guide us all wisely
I will willingly call you if i find the number. I am at the moment in the Middle East.

God guide us all wisely If some way i can get your telephone no. i will call you . Please give me an idea how . I am at the moment in the middle east .


Ioce worked in |Saudi y'know,

  • expat
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 12:03

Ioce worked in |Saudi y'know, I have hope can assure you, I have hope. Logic dicates that. If there are legal mids that can assist in unlocking the legal matrix it would be nice, buut I think thisis know awholly political game on a global level. We are one part of thesolution I rbelive.

I cannot take listening to my daughters voice over the phone, so I know how you feel.

I have got the point where I have done all that I can, tapped every source that I can and know that it is time to wait. Be strong trust your god if you need to and try to keep calm. As I say logic demands that there is a way, but whether it can be achieved is in the lap of the gods.

give me an email address and I will contact you with a number.


Excuse the duplication...no

  • masu
  • 10/10/08 30/04/14
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  • Sat, 11/10/2008 - 11:53

Excuse the duplication...no sleep


calling all investors in KS&F via Royal Skandia

  • Damo1979
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 08:49

Hi all
Worry times for all!!
I invested though Royal Skandia into KS&F IOM, could others who did the same email me directly as I want to pool together a list of investors via Skandia so we can use their investment powers to keep us informed on what is happening.
email me at skandiaKSF(?)hotmail [dot] co [dot] uk
I will collect email addresses and then I suggest we meet with Skandia soon to get some action from them.

Regards


Media or no media...

  • ItsTheft
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 08:47

I am not sure that we will be able to influence things much through media pressure. After watching the news last night and sleeping on it I cen see pretty clearly that we are a very small story in the grand scheme of the financial crisis. Yes, we represent several million pounds that were supposed to be safe, but still a small story against the headlines of 1930s style stock market crashes.

I am convinced our best hope lies in a solution that does NOT give us our money instantly in printed notes. It doesn't matter if you are talking to the parent company, Icelandic government, IOM government, PWC liquidator, UK government, etc... nobody wants to cough up that kind of outlay right now. If any of those parties were going to stump up that kind of cash, it would certainly not be for a relatively small number of private savers with IOM deposits.

I still believe we can make it easier by offering a deal whereby we don't snatch our cash away immediately. The truth is most of us don't need the cash immediately. We were saving it for holidays, houses, retirements, kids education, rainy days, etc. And ultimately, that is what we really want.

I still say that if enough of us were willing to let someone else hold our money for a period of time it gives "them" more solution options.

I don't believe all this talk about a run on IOM banks. Look at the names of some of these banks. Santander, Barclays, Bradford & Bingley, etc. Confidence isn't that low.

I don't like the way the UK are pressing Iceland to guarantee deposits. Iceland is broke. The only way that will work is if they can borrow enough from the IMF and other banks/countries.

Take a step back. Where do you think we rank in priority as far as Icelandic money? After public payroll, public services, proping up the Icelandic Kroner, etc.

Realistically, we have a better chance getting our money in the form of an IOU. If we want the cash we will end up with a paltry fraction of what we are owed.


Make the media aware of our plight NOW

  • worriedsaver
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 08:31

I believe that we should make as many people aware of our plight now and pass our stories to newspapers,television and radio stations as quickly as possible . Those of us resident in the Uk should also immediately make their MP's aware of this unique situation affecting no full compensation for offshore depositors .Before we are forgotten in the midst of all that is happening and we are remembered as a few "rich and fat cat" investors with offshore accounts which is obviously very far from the truth . I assume that others with accounts in the Channel Islands will also be interested should their branches of banks have collapsed or may collapse in the future . I think we should also make it very clear to the authorities in IOM that if we all lose out as a result of this there will obviously be a lack of confidence in the IOM as a banking centre and that if they do not do their utmost to help us that they too may follow in the steps of Iceland and have to revert back to fishing on the island !


Media Coverage

  • jjw
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 08:51

Without wanting to put at risk any of the discussions that could be going on behind the scenes this weekend, I think that it is vital that the human side to this story is reported as much as possible. Lets face it, its not like the world does not know about KSF IOM - its just that the world does not know and empathise with those UK ordinary citizens who have put life savings into a bank offshore either because the rate of interest was better or they are working/living overseas.

I suggest that the Midlands would be a good place to organise a meeting - Birmingham being a possible suggestion sounds good. Also, perhaps it may be worth setting up a financial fund that we can all pay a small sum into that will assist in us coordinating our efforts i.e. to pay for meeting venues etc.

We should make a complete stink about this as it is wrong. If it threatens to turn the IOM into a financial waste ground with a run on all institutions there then that is down to the UK Govt freezing KSF IOM assets in the UK. Perhaps then the UK Govt will have their hand forced???


Manx Government

  • Done like a Kipper
  • 10/10/08 n/a (free)
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  • Sat, 11/10/2008 - 08:47

Worriedsaver - I'm certain that the Manx Government will be working all hours over this weekend and beyond in an attempt to shore up its banking business. They'll be only too aware of what the collapse of KSF will mean for the island and they will not allow the main business on the IOM to go down the pan.


Depositors meeting

  • GaryGoo
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 08:07

My wife and I are now in the UK over from Japan but just for next week so would be willing to attend a depositor meeting if given notice - just let us know


Lying low for the time being...

  • SusanfromBC
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 06:48

Thanks to everyone for your help and efforts. I live in Canada and regrettably can't attend a meeting. Like others on this forum I am concerned about the worst case senario- a run on the IOM banks and agree that creating panic is very unwise. I would also be willing to leave my money in the bank for a 1-2 year term if it would help sell KSF IOM to a stable investor.


IOM DCS

  • Done like a Kipper
  • 10/10/08 n/a (free)
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  • Sat, 11/10/2008 - 05:53

I have just found the following statement on fool.co.uk website. Does anyone know if this 'drip feed' of compensation is correct?

The Isle of Man Depositors Compensation Scheme triggers a levy on the remaining banks in the Isle of Man. There won't be the funds in this scheme to pay account holders £50,000 at the outset. Instead they will get a percentage per year. The percentage is unknown but from some rough calculations it would appear to be under 10% per annum.


Only solution is political

  • silvesc
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 02:47

Softly softly is fine for the moment, but soon we will need to make some noise.

There is clearly not going to be a commercial solution, it needs to be political. There will be little, or no assets, and plenty of debts (us). Only if the Manx govt can persuade the UK govt to get involved will we get anywhere. 2 things I don't understand:

1) When Bradford and Bingley got into trouble, how come the UK govt brokered a deal for Santander to also include the IoM branch, yet when it came to KSF, no such thing? The businesses were inextricably linked with each other, even if not through a parental relationship.
2) The UK govt bailed out Kaupthing Edge UK by injecting funds from the UK compensation scheme, using a loan from the Bank of England, in order to tempt ING to take the business. Why can't the IoM scheme also take a loan, rather than use the current, completely inadequate funding process? The UK has an obligation to provide assistance given that ultimate good-governance of the island is the responsibility of the United Kingdom.

Great site by the way.


I dont understand

  • bellyup
  • 10/10/08 09/01/10
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  • Sat, 11/10/2008 - 07:31

'1) When Bradford and Bingley got into trouble, how come the UK govt brokered a deal for Santander to also include the IoM branch, yet when it came to KSF, no such thing? The businesses were inextricably linked with each other, even if not through a parental relationship.
2) The UK govt bailed out Kaupthing Edge UK by injecting funds from the UK compensation scheme, using a loan from the Bank of England, in order to tempt ING to take the business. Why can't the IoM scheme also take a loan, rather than use the current, completely inadequate funding process? The UK has an obligation to provide assistance given that ultimate good-governance of the island is the responsibility of the United Kingdom.'

I dont understand why we solid investors are being left out in the cold?


softly softly

  • sabi Star
  • 10/10/08 n/a (free)
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  • Sat, 11/10/2008 - 02:04

It seems to be "softly, softly" anyway for us. Quick look at this morning's FT, Times and Telegraph online - no mention of IOM KSF that I can see. Plenty about UK councils, charities etc and Philip Green going to Iceland yesterday to buy up Icelantic held high street shops in London.


charities

  • bellyup
  • 10/10/08 09/01/10
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  • Sat, 11/10/2008 - 07:34

I am flabbergasted at the amounts that have been invested by charities and worse by local councils.
where do local councils get all this money from?


Softly Softly

  • Done like a Kipper
  • 10/10/08 n/a (free)
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  • Sat, 11/10/2008 - 01:17

Having read the comments by Expat and others, I too am totally in favour of a softly softly approach over the next 3 or 4 days. What have any of us to lose at this point in time and 3 or 4 days is nothing in the scheme of things?

I am certain that there will be meetings and negotiations taking place over this weekend and nothing will be publicised prior to Monday or Tuesday.

Perhaps this is not the time to rock the boat!

For Expat's and any other interested parties benefit I too would be willing to leave my funds in the IOM for a set period in the event that my substantial losses were made good.


@softly solftly I too would

  • bellyup
  • 10/10/08 09/01/10
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  • Sat, 11/10/2008 - 07:38

@softly solftly

I too would be very willing to leave my savings in the IMO for a set period. If it were safe of course - but them I thought KSF were safe so what do i know.


What have we to loose....

  • tubefly
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 03:23

In fact we could have quite a lot to loose. One scenario could be - and I say only could be because I like all of you do not know reality (...and Expat this is not personal) - that Expat could be using this delay to make large wire transfers ahead of the melt down - self preservation is a strong motivator or conversly for the IOM banking sector to formulate defensive positions in advance of the publicity. By waiting we may loose the moment as the situation become more stable and we loose our bargaining chip. Just thoughts - and the only way to know the truth is to get our best known dependable person physically on the inside!


Lets give peace a chance

  • Anonymous
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  • Sat, 11/10/2008 - 00:22

Ok folk. I have been in some contact with people on the IoM and have been persuaded that there are business level discussions happening over the weekend in Douglas.

I am also fully aware that if we continue to maximise publicity over this, as we have been seeking to do, then it may jeapodise these negotiations. At the time of writing this I have no firm proof and no evidence that these negotiations could result in the 100% return of our savings.

However, i am personally willing to give some breathing space to these business nogotiations to allow them take place without the specture of imminent collapse.

I would therfore humbly - and i hope that no-one thinks i have ulterior motives, i am too simple for that - ask everyone to bite the bullet and just rest over this weekend. I think we have made our point, now lets see if it works.

Mat Walker


Expat

  • tubefly
  • 10/10/08 31/05/09
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  • Sat, 11/10/2008 - 03:08

Matt/All - Expats arguements very convincing - however the stakes here are high and there are inumerable agendas out there that could be operating. Matt, given that there is a high level of trust in you, I for one would be in favour of funding you to physically join the discussions in IOM. Do others agree? Would you be willing to take on this additional burden?


GIVE PEACE A CHANCE

  • mikepapa
  • 10/10/08 n/a (free)
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  • Sat, 11/10/2008 - 01:04

Thanks Matt,
I assume you must have been in contact with Expat?

I agree, lets give the back room boys a chance to do their stuff over the weekend and if they can come up with any sort of equitable solution, so much the better.

Meanwhile, we can still carry on and get organised if the outcome is not so favourable....... I like the suggestion for a meeting in UK [London?] of all deposiotors who can attend. This will take some time to get organised, perhaps we could get the ball rolling on this one again?

Cheers


Expat & Proposed London Meeting

  • Emabroad
  • 10/10/08 30/08/09
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  • Sat, 11/10/2008 - 14:59

Reluctant as I am to spend anything right now - given that a major part of my retirement income, on which I live, has disappeared with my KSF IOM and Landsbanki bonds, I would definitely be prepared to make the unpleasant journey from Mexico to attend a meeting in London if given sufficient notice. Can't see the point of going further afield (Midlands ? IOM? ) as it just costs those of us travelling from half way around the world more to get there.

Expat: at the risk of being wrong-footed on 'judgement' issues (picked the wrong bankers, didn't I? ) just wanted to thank you very much for all your posts. What you say appears to make good sense so, for now, I will do as you suggest in the hope that the other IOM banks holding my remaining funds do not also collapse purely as a result of panic by depositors. Please keep up the good work - and information reports - for those of us who aren't there in person, right now.


Can I suggest a meeting in

  • sleeplessnight
  • 10/10/08 30/06/09
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  • Sat, 11/10/2008 - 01:05

Can I suggest a meeting in midlands as oppose to London (cheaper for a start!)

Can I be brave and suggest Sunday Hilton Hotel on J24 Kegworth - afternoon?

?????


half-cock

  • mikepapa
  • 10/10/08 n/a (free)
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  • Sat, 11/10/2008 - 01:32

Dear Sleepless,
Lets not go off half-cock.
If we are going to have a meeting in UK we need to get as many depositors there as possible.
If people are going to fly in from all over the world [I for one have to get there from East Africa] London or Midlands would depnd on general preference. I believe Mat is going to set up a Meeting Page to discuss and organise this issue. Lets get the page up and see what the reaction is....how many want to attend etc;

Cheers


MESSAGE TO DAVID CAMERON

  • mikepapa
  • 10/10/08 n/a (free)
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  • Fri, 10/10/2008 - 22:38

I have sent the following e-mail to David Cameron

quote.....

Dear Sir,

Would you please try and find a few minutes in your busy schedule and visit the link below?
http://www.ksfiomdepositors.com
This is a website created for the many depositors that appear to have lost everything with the collapse of Kaupthing Bank – Isle of Man.

In particular please look at the Losses Section and perhaps some of the Stories.

Like many others I am a British Expat and have had my pension funds wiped out completely.
Whist living abroad I have always sent my savings back to UK and would hate to think that HMG
would let me down for ‘technical’ banking reasons – having bailed out Northern Rock and Kaupthing Edge – UK.

I would all be most obliged if you could bring this matter to the attention of Gordon Brown at your next PMQ.

Kind regards,

........ unquote

Can I suggest others may also like to do the same..... email: 'camerond(?)parliament [dot] uk'
A question in the House would certainly get attention


tried to send earlier to no

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
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  • Fri, 10/10/2008 - 22:39

tried to send earlier to no avail - has your email definitely been delivered?


CAMERON E-MAIL

  • mikepapa
  • 10/10/08 n/a (free)
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  • Fri, 10/10/2008 - 23:10

Dear Sleepless,

My e-mail seems to have gone OK as I have not received any reject notices.
I have asked for confirmation when the e-mail is opened, but nothing received as yet.
I will post update if I get any sort of reply.

Cheers

PS: Seen you on other sites - Keep your chin up all in not lost....yet!


thank you mikepapa. it's so

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
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  • Fri, 10/10/2008 - 23:52

thank you mikepapa. it's so hard though isn't it? Do you agree with setting a physical meeting for us all to come together initially in UK for those who can attend?


UK MEETING

  • mikepapa
  • 10/10/08 n/a (free)
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  • Sat, 11/10/2008 - 00:39

I for one would certainly jump on an aircraft and fly to UK for a depositors meeting - I would suggest London as being the best / most central venue.
I really think, as has been suggested, that we should get legal representation. There must be one or two legal eagle / lawyers amongst the depositors who could attend and advise us in this respect. I will certainly find a few bob to kick into to any legal fees.
Its no good feeling sorry for ourselves and sympathy won't get our hard won savings back....... we must take action together.

Hang on in there!!!!


Can I suggest midlands as

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
  • Offline
  • Sat, 11/10/2008 - 00:58

Can I suggest midlands as cheaper destination as big smoke plus more central. I have exceptional at solicitor from Geldards (highly respected - fought HSBC for me and family and won!!!!! -incredibly really given it's a XXXtard bank!) will ask reference to the most experienced legal firm in terms of our plight then pursue 'no win no fee basis' on account of us all being wipedout. PLEASE POST IF HAPPY WITH THIS?


Sleeplessnight

  • Emabroad
  • 10/10/08 30/08/09
  • a depositor
  • Offline
  • Sat, 11/10/2008 - 15:16

I note what you say and think we will need legal representation before too long if the weekend doesn't produce any positive results for individual savers with KSF IOM. Today's 16:00 Radio 4 news report focused soley on the 'losses for UK councils and charities' so any media focus gained through these forums has already shifted to follow the big money and we, as individual savers are no longer newsworthy.
The Midlands may be central to the UK, but I think you're missing the point. A large number of the posts are from overseas-based British Expats who have invested offshore as they had no (legal) onshore-UK banking option available. Like me, a lot of retirees have moved overseas for various reasons and simply travelling to UK can take up to 24-hours for some of us, let along changing planes and hanging about at assorted airports en route. Under such circumstances, the idea of travelling even further than necessary at more expense, is impractical.


The Meeting

  • tubefly
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 11/10/2008 - 08:10

Provided the meeting is sensible, structured with a clear set of messages and not a shouting match - then it can only be positive and powerful.

We need maximum media exposure.

Emphasize strongly the personal devastation - with personal stories.
If possible a legal opinion stated by a professional at the meeting - particular since we will have the media podium.

Requests would include:

IOM commitment
UK Govt Commitment

Suggest a pre-meeeting prior to opening the debate with the media.

Comments?


Legal Representation

  • tubefly
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 11/10/2008 - 06:28

Sleeplessnight - agree - we need to very seriously consider legal representation. I for one will join in funding such .

Suggest the following:

Phase 1

Define funding level / Depositor Interest Level
Search out best Legal Rep.
Assess if a strong case or cases exist.

Phase 2

Back off or move forward with litigation based upon merits of the case/s

Can not understand though why more folk are not supporting setting up the legal option????


Who is who in the FSC of the IoM

  • jkk
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 10/10/2008 - 21:21

Very intersting and completely overlooked messge has been posted on Moneysupermarket.com by malew51. Would Expat or somebody else with contacts be able to shed some light on that character, Mr Cashen?

And how many other members of the FSC may have similar conflicts of interest?

Here is malew51's posting:

"Interesting information for KS&F (IOM) depositors: At the meeting in Douglas the regulators, the Financial Services Commission were represented by their Director. Many of us wondered how the crisis in Icelandic Banks could pass them by. Well I can reveal that the Deputy Director of the Financial Services Commission is John Cashen and, on the FSC website he declares the following directorships as 'conflicts of interest':

Kaupthing Singer & Friedlander (Isle of Man) Limited
Kaupthing Holdings (IOM) Limited

Notice anything? I wonder who took their money out in time?"


Resident in Western Europe lets meet up.

  • Last Bel
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Sat, 11/10/2008 - 11:07

I'm resident in Belgium. Any persons living in the Belgium, Holland, Luxembourg, France, Germany please get in contact wit me to discuss our actions and to meet up. I'm a pilot and if so required to go to the UK or IOM I can try to arrange a private plane and fly us over there.

                                 Please mail me.
                             cj2driver(?)hotmail [dot] com

John Cashen - From FSC website

  • Singapore
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 10/10/2008 - 21:52

John Cashen OBE. Appointed in January 2002. Chartered Public Finance Accountant. Various positions held within the Isle of Man Government Treasury from 1969. Former Chief Financial Officer to the Isle of Man Government from 1991 – 2001. Director of Kaupthing Singer and Friedlander Group of Companies on the Island, and Fortress Management Services Limited. He was awarded the Order of the British Empire for public service in the Isle of Man in the Queen’s Birthday Honours List 2000.

http://www.gov.im/fsc/about/structure/membership.xml