Quote Originally Posted by The Gifaffe View Post
Have you seen the advert with the old couple on the sofa and the guy on the jetski?
That advert warning of Scams is the best thing that the FCA have ever done. Many would say it's about the only good thing that they've done.

Last week a client of mine, who we've been looking after for over 10 years encashed £250,000 to invest in what stinks of a financial Scam. He's been promised a 'guaranteed' return of 8% per annum income, and they're paying this on a sample of £10k that he invested two months ago.

I would bet my house that he, or his family will never see any of that money again - and the people he's given it to are not FCA regulated so he's got absolutely no recourse if they spend the £250k on Jetskis.

It gets my blood boiling just thinking about it.