BOW BRICKHILL - LAND INVESTMENT SCHEME

Potential land investors seeking information about a meadow accessed from London End Lane and Downs View and lying to the south of Station Road are advised not to pay any money - not even a deposit - until they have thoroughly researched the proposition, consulted a solicitor and taken professional advice. This meadow is not currently scheduled for development, nor is it likely to he. Milton Keynes Council comments and  contact details can be seen here: www.bowbrickhill.com

This subject was raised in the House of Commons by Member of Parliament for Milton Keynes North East, Brian White on Thursday 22nd July 2004: "I read with interest early-day motion 1496, which is about unscrupulous property developers from Bromsgrove, who divided up fields and offered plots for sale. A European land sales partnership is doing something similar in a lovely village called Bow Brickell in my constituency. It is offering a field for future homes and taking money now with a promise of a home in the future. The person responsible has bought a field for 90,000 and stands to make 3 million. There is little chance of the field getting planning permission, but the developer's information advances the growth of Milton Keynes as an inducement. As well as stressing the points made in early-day motion 1496, I emphasise to the  Deputy Leader of the House that someone who has been barred as a company director is running the scheme and gets round the law by forming a partnership. I ask my hon. Friend to take up with the Department of Trade and Industry not only  closing the loophole that allow scams such as those in Bromsgrove and Milton Keynes to occur, but extending the bars on directorships to partnerships."

Burnt Again by Burn Stewart

Once again investors who purchased Tobermory Single Malt for 1145 from Hamilton Spirit Management Co Ltd and other scam companies have had their fingers burnt by the Distillers Burn Stewart.

One of the major causes of the scam was the decision by Burn Stewart to create a new single malt whisky - up to 1990 Tobermory whisky had been a blend rather than a single malt. 10 year production with no income coming in was unsustainable so like other whisky companies before them they sold the new fill casks to brokers who sold them on to companies like Hamilton and turned a blind eye to what happened next. A number of investors contacted Burn Stewart and were advised that 1145 seemed a reasonable price to pay for new fill Tobermory.

Last year Burn Stewart doubled their storage charges, this year to add salt to the wounds they have decided on a 50 Administration Charge if you sell your whisky to anyone else but themselves. Now if you sell to Burn Stewart they will offer you 315 for a 10 year old Hogshead admin free of charge. So you've paid 36 storage for the year and you've offered 15 more than last year for whisky. Not exactly a great deal. When challenged Campbell Stirat the Company Secretary was unrepentant "commercial imperative for us to charge investors an admin fee - administrative burden placed on us by new regulations had to be funded".

The best price we can get for Tobermory 10 year old is around 410 so we would suggest either bottling your cask or keeping it for a further 2 or 5 years - the price may increase the older the whisky gets as more and more investors become fed up and sell out. Well that's the theory.

Burnt Again by Burn Stewart

Once again investors who purchased Tobermory Single Malt for 1145 from Hamilton Spirit Management Co Ltd and other scam companies have had their fingers burnt by the Distillers Burn Stewart.

One of the major causes of the scam was the decision by Burn Stewart to create a new single malt whisky - up to 1990 Tobermory whisky had been a blend rather than a single malt. 10 year production with no income coming in was unsustainable so like other whisky companies before them they sold the new fill casks to brokers who sold them on to companies like Hamilton and turned a blind eye to what happened next. A number of investors contacted Burn Stewart and were advised that 1145 seemed a reasonable price to pay for new fill Tobermory.

Last year Burn Stewart doubled their storage charges, this year to add salt to the wounds they have decided on a 50 Administration Charge if you sell your whisky to anyone else but themselves. Now if you sell to Burn Stewart they will offer you 315 for a 10 year old Hogshead admin free of charge. So you've paid 36 storage for the year and you've offered 15 more than last year for whisky. Not exactly a great deal. When challenged Campbell Stirat the Company Secretary was unrepentant "commercial imperative for us to charge investors an admin fee - administrative burden placed on us by new regulations had to be funded".

The best price we can get for Tobermory 10 year old is around 410 so we would suggest either bottling your cask or keeping it for a further 2 or 5 years - the price may increase the older the whisky gets as more and more investors become fed up and sell out. Well that's the theory.

BREAKING NEWS

ASHLEY JENKINS ART SCAM  5th July 2005

Financial Ombudsman Service finds in favour of investor who purchased art prints from Ashley Jenkins and paid the  deposit by credit card but the balance by cheque. The credit card company claimed that it was a foreign contract because the payments were made in Euros to a Spanish Bank and the prints were meant to be stored in Spain. They refunded the deposit under their own voluntary code but refused to refund the balance paid by cheque -some 27,000. The Adjudicator  determined that the contract was governed by English law since it was contracted over the telephone between the investor and Ashley Jenkins London office and consequently the credit card company was liable to refund the whole cost of the prints not just the deposit.  SO CLAIM YOUR MONEY BACK NOW -

CONTACT MWBH on  01539 729555           

or email      mwbh@ukgateway.net

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