THE HUMAN COST: - LondonTeam Blog

  • Anonymous
  • unspecified
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Posted: Mon, 16/02/2009 - 09:50

London Team Blog:

What is coming home more and more is the terrible human cost to some of this financial disaster. And the dreadful feeling that those in authority just don't seem to care.

Although individuals don't want to tell of the difficulties they are in.. some of our elderly people.. children from the war.. are suffering terribly because they have chosen to live in places where healthcare COSTS.. fine if you have money.. but a disaster when some political catastrophe takes it all away.. can't pay for chemo, operations, care homes... as a result, they are suffering badly .

Please can I ask you to take the time today to tell your own story. Then we can make sure everyone truely understands the scale of our plight.
Please post your messages below
We are fighting them using all legal, political and media means possible. We need everyone to understand the human cost of this crisis. It's not just a game of numbers, it's a reality of life.

How can Tony Brown, Allan Bell, John Aspden, et al face themselves in the mirror each morning?
How can we let them get away with it?
We have to fight this injustice with all the energy we can muster!

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Long Term Effects

  • poppytwo
  • 06/11/08 31/05/09
  • a depositor
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  • Wed, 18/02/2009 - 16:34

I was just thinking last week about the long term effects on all of us of the constant worry since 8 October. The thinking was brought on by the fact that I was rushed into hospital because I had a dizzy spell that lasted for hours. It was terrifying and since then I have been a nervous wreck. Tests showed nothing so it was put down to stress. To go from a positive active person to a quivering jelly is believe me soul destroying I am now frightened to leave the house.
On the financial side of healthcare it is necessary for us to pay a topup insurance as we only get reimbursed between 60 and 75 percent of costs. I don't think we can now afford to pay for a topup and will just have to keep fingers crossed that we are not ill.

Darling Shot Himself In The Foot - I'd Love To Finish Him Off

  • colinalvin63
  • 28/10/08 n/a (free)
  • a depositor
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  • Wed, 18/02/2009 - 03:18

Ever since being made redundant from my I.T. job in 2002, I have struggled to make a living. I was made redundant owing to the unrealistic fees that the UK Government charged telecoms companies for 3G licences - consequently many telecoms companies and related industries shedded thousands of jobs.

That was one example of how UK Government greed and ineptitude can severely affect iconic British industries, people's jobs and livlihoods. In our case it's an illustration of how government incompetence an ill thought out actions can cause untold destruction and suffering - I can only say that I'm amazed that Alistair Darling is still smug in his job and incredulous that nobody has attempted to take his life. I truly wish someone would, and whilst they are at it, perhaps they could pop next door and sort Gordy out as well ? You have probably guessed that I have nothing but distain for the UK government after what has happened, and after they attempted to smear us all as tax evaders when they know full well that they caused the problems and that retail depositors are taxed 20% at source on all interest received.

Anyway, back to the point - how this sorry business has affected me. I invested the proceeds of a house sale in Kaupthing IOM just a few weeks before UK Government actions caused the bank to collapse. Since being made redundant I have struggled to earn enough to pay the rent and keep food on the table. I was burnt out after 12 years in I.T., and knew it was hopeless attempting to get back into it. There were no jobs anyway. Consequently I was heavily reliant on my savings to provide me with sufficient interest to keep me afloat. Since this crisis, I no longer have my savings, and even if I did, I'd get such a pitiful amount of interest, that my savings would most certainly decline.

I was depressed even before all this happened. Almost every morning I wake up with my stomach churning and my head pounding due to an increased heartbeat brought on by the stress of thinking about this outrage and how the UK and IOM governments have betrayed us, smeared us and left us to rot. Sometimes I think to myself - what is the point of existing ? I'll never earn what I've lost again. What will I have to live on in my retirement? Sometimes I think I should put myself out of my misery, but then I think that if I am to sacrifice myself, that I should do it in a fitting manner and for a just cause - It would be far better to die trying to terminate the lives of those responsible, if only I could come up with a way of guaranteeing the desired outcome. Don't deny that at times similar thoughts have entered your head and that you have wanted to make those responsible pay for their crimes big time.

Mirrors in the morning

  • Premier
  • 10/02/09 31/05/09
  • not a depositor
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  • Tue, 17/02/2009 - 19:48

Messrs Tony Brown, Allan Bell, John Aspden, et al will have absolutely no problem facing themselves in the mirror simply because they have all had years of experience ignoring the victims of financial crime.

Hundreds of pensioners who were conned to invest in the Isle of Man based Premier Low Risk Fund plc are testament to their total disregard for human suffering.

Consult the Premier Shareholders Association or visit

In limbo

  • Guernsey Girl
  • 13/10/08 31/05/09
  • a depositor
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  • Mon, 16/02/2009 - 22:26

Whilst not on the scale of some of the stories I've read our lives are on hold whilst the fate of our cash deposit is decided.
My partner and I were in the process of buying a home together. Being from Guernsey and having no UK address we had to use 'Offshore' accounts for our house deposit. We chose KSFIOM because they offered the instant access account we needed and a parental guarantee from KSF that was highly rated by Reuters and Standard & Poors-something that wasn't readily available here in Guernsey.
In 2008 I had to have major surgery which meant I was unable to complete the setting up of other bank accounts to split this deposit and safeguard our nest egg before KSFIOM's licence was withdrawn.
It could have been worse, if my house sale had gone through we could now be destitute.
Everyday I ask myself why I bothered saving at all, why I don't just spend everything and let the State support me?
Knowing that the UK Government have a substantial chunk of KSFIOM's cash galls me. Whilst it is suggested that Offshore residents are terrorists and tax-evaders, it seems that the UK Government are prepared to accept our cash through 'upstreaming' and 'inter-group deposits' to prop up their own economy.
This is the road to anarchy.

Our Story

  • moneypenny
  • 27/10/08 31/05/09
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  • Mon, 16/02/2009 - 22:08

My Husband retired 2 years ago and this sunday he will be 65 and start to receive his pension! We have been living on our interest from various funds and my small pension. In September 08 I stupidly put our float into KSFIOM and bingo no more funds! To lose 30k in a month was terrible. We had already booked to go to NZ to see our son and suddenly we had no spare money, it was the worst I have ever felt.

This business about tax dodgers really gets to us, we have been paying tax in the UK all our lives and the taxman owes us money for this tax year.

Last thursday my husband went to the GP with indigestion and was given an ecg which showed a problem, he had to be admitted to hospital for further tests. Luckily alls well (fingers crossed)he was told it was probably stress, and we all know where that originated from don't we.

So with the pension in the bank we are off the NZ next week, lets hope when we get back we will ALL get our money back.

Dreadfully sorry, Sarah

  • Mandy_Italy
  • 13/10/08 31/03/10
  • a depositor
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  • Mon, 16/02/2009 - 16:08

For this terrible news.

The Human Cost

  • samstevenson
  • 11/10/08 31/05/09
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  • Mon, 16/02/2009 - 13:34

We as a couple are in our very late seventies and our life savings are with KSF Isle of Man
I have had throat cancer and because I needed urgent surgery to remove the tumour I had to pay the cost of this operation. Additionally I suffer from peripheral artery disease and because of the state of the health sevice here have to pay for my own medicines which cost around 80 euros a month.
This not a plea for sympathy since the authorities complicit in ''freezing'' our deposits
in KSF seem only to be interested in their own wellbeing but an explanation why we cannot be interested in anything other than a return of our money which was placed in a ''safe'' bank rather than in the stock market . To be frank those responsible for this debacle should be thoroughly ashamed of themselves but reflecting on recent happenings in the world of banks that is not likely to happen


  • Anonymous
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  • Mon, 16/02/2009 - 13:25

When you raise the issue of elderly people living in parts of the world where health-care 'costs', this is also my main concern. My reason for depositing savings in KSFIOM was mainly as a safeguard for myself against the problems of later life. I'm in my mid 50s', with one manageable chronic condition already but also a couple of diagnoses to suggest that other more serious things may catch up with me in years to come. In the past, while living in the UK, I never really considered insurance cover, although I've had cover from time to time through overseas employment. More recently, in any case, my savings had enabled me to feel that, with a bit of luck, I could cover my own medical bills. Up until the collapse of the bank, I would have felt confident in saying that this was a perfectly reasonable strategy.

I have a low-paid full-time job where I now live in S.E.Asia and this has been covering regular living. The country is infinitely more pleasant as a place to live, in many ways, than the UK, and at last I was starting to feel relatively content. Now, one of the devastating effects of this financial loss is that I am consumed with fear and worry for the future. It's now untenable to stay where I am, so I've been looking for better paid jobs in Europe, but at my age I don't hold out much hope. Equally, if I did get offered work elsewhere, I would have difficult decisions to make regarding leaving behind my personal and domestic life here.

Last week an expatriate friend had to suddenly go into hospital to have an appendix operation. The procedure and one night in hospital came to around 500 pounds. What really struck home to me is that in my present circumstances I could not afford such costs myself, and unless these savings are recovered, this is how it will be for me from now on.

I can hear the British authorities' complacent response that I shouldn't have left the UK in the first place; what did I expect, etc., but the basic point in answer to this is that I'm not asking for anything from the UK, and not expecting to, except their decency now in returning what is rightfully mine, as one of 10000 others in similar position. (The most reasonable solution would be in the form of a loan from HMG to the IOM until the assets have been disbursed from the KSF UK administration.)

The application of the retrospective argument - people who save in off-shore banks should know the risks attached, etc - is untenable in relation to the argument in the UK through the 80s' and 90s' that actually encouraged those of us now abroad to follow our initiatives and earn our independence. What could almost be said to be happening now is that the financial proceeds are being clawed back from people who are now not in positions, even if they wanted to, to call on the British state. The term 'limbo' that has often been used to describe depositors' plight is categorically the most apt. Part of being in limbo, which is why countries where we are paying guests suddenly feel terrifying, is that one's voice cannot be heard.

Of course, the DAG is providing a fantastic forum of strength and mutual support, but the key struggle even through this is in getting heard. I am still in hope that we will achieve 100% return of our savings. However, feelings and moods are relative; when I look around me from the isolation of my present physical position in the world, I do feel desperate. Other depositors will of course know this feeling, but it is long overdue for the 'experts' and those in senior influential positions to acknowledge that there's a human dimension to this, for which anything less than 100% return is no solution.

the future holds?

  • tsunamivictim
  • 11/10/08 n/a (free)
  • a depositor
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  • Mon, 16/02/2009 - 12:50

Like many of us, I lived off the interest of my money in KSFIOM. My visa here and permanent Residence requirements insist on a minuimum deposit in Bank of Ceylon and a minimum monthly income. Now, because of this theft of my life savings, when my current visa runs out, I will have to leave. Where do I go> I have no other home and what will happen to the 80 dogs that I care for. Are they just collateral damage as far as the fat cats see it? Do I just leave them to starve to death.
"Freedom to Flourish" I dont think.

My Father

  • Sarah f
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 16/02/2009 - 12:10

My father died this morning, fortunately unaware that a large proportion of his life savings some £300K had disappeared into the black hole of KSF(iom). He served his country in WW2 and spent his entire career serving HMG in the Foreign Office. He retired to the Isle of Man in 1981 having visited and loved the island all his life. It disgusts me that his savings should have been stolen away by the country he served and that the government of the Island he loved should do so little to retrieve it, I am only happy that we were able to keep the news from him.


  • jetski2
  • 10/11/08 31/05/09
  • a depositor
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  • Tue, 17/02/2009 - 03:54

I am so sorry to hear your sad news. Please accept my condolences. I lost my father recently so I have some idea of how you are feeling right now. It must have been a strain for you to keep the news of KSFIOM from him but undoubtedly it was the right thing to do.

my condolences too

  • steveservaes
  • 13/10/08 31/05/09
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  • Tue, 17/02/2009 - 11:11

my father died in december - he too was deeply worried about the effect on his son and grandchild of this remarkable scheme of events. Under Gordon Brown it seems we live in a world where no-one has any rights and he can do whatever he wants. Even appoint himself prime minister. Ironic really, when Tony and the lovely Cherie spent so much time (and got themselves so much swag) banging on about human rights.

Sarah f

  • Daughter
  • 17/10/08 31/05/09
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  • Tue, 17/02/2009 - 01:16

Please accept my condolences on your fathers death adn thank goodness he never knew what the horrid I0M have done to all his hard earned savings.

My thoughts go out to you especially at this time for the loss of your Dad.

Sarah f

  • sam
  • 07/12/08 30/09/11
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  • Mon, 16/02/2009 - 19:03

Another sad tale of this sorry saga, you did well to keep it from him, our hearts go out to you.

Sarah f - our hearts go out to you

  • Lucky Jim
  • 13/10/08 31/05/09
  • not a depositor
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  • Mon, 16/02/2009 - 18:18

Our hearts go out to you & yours in your sad loss.. Thank you for being here on his behalf.

Very sorry, Sarah

  • German Mike
  • 13/10/08 31/05/09
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  • Mon, 16/02/2009 - 15:03

Dreadfully sorry to hear such dreadful news. You are a good lass to have taken the burden alone all this time. I hope the outcome will be better.


So sorry Sarah

  • Chairman2
  • 12/10/08 31/05/09
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  • Mon, 16/02/2009 - 14:22

Sarah, our sympathy is with you at this sad time. So glad that you were able to keep the dreadful news from your father. You must keep on fighting to get what is now rightfuly yours in the name of your father.

Very Sorry

  • Microinvestor
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 16/02/2009 - 12:48

Sorry to hear your sad story.

I am sorry

  • chb
  • 10/10/08 15/10/09
  • a depositor
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  • Mon, 16/02/2009 - 12:47

I am so sorry to hear of your loss - you are a very special daughter - carrying his burden for the last 5 months so that he did not have to.

So sorry...

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
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  • Mon, 16/02/2009 - 12:39

to hear of the sad loss of your father. I hope you can get over your grief quickly.

I am so sorry

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
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  • Mon, 16/02/2009 - 12:38

I am so sorry for your loss it was a good that he never knew.

so sorry - fight for all these people

  • sambururob
  • 10/10/08 n/a (free)
  • a depositor
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  • Mon, 16/02/2009 - 16:41

Real sadness that you must know that we all feel.
In your time of sadness and bereavement it is up to the rest of us to fight and help to ease your burden. We all have a self-interest but if anyone's energy is flagging write just one more set of emails to those on the list supplied by BellyUp elsewhere on the site and remember you could be helping those who have posted above as well as your self.
Channel anger and a sense of injustice and direct well-crafted, moderately toned emails.
Don't get angry - get even!!!!!

The human cost

  • 19/10/08 31/05/09
  • a depositor
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  • Tue, 17/02/2009 - 09:30

The images and the stories that are told when you first login brought me to tears. Gordon Brown Alistair Darling you should be completely ashamed of yourselves. Never again could I support any political party or anyone in Government. They talk about the bankers, but we elected a government to look after us. They have failed. They dont have a clue. These images and stories should be shown on prime time tv to make the British public just realise what these idiots that govern our country have done.

no chance

  • barry259
  • 11/10/08 31/05/09
  • unspecified
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  • Tue, 17/02/2009 - 10:55

Hi, I had a stroke five years ago. This year I was going to buy a mobility scooter.
Fat chance now.