The FSA effectively seized $250,000 belonging to Vavasseur creditors, which was money that was held in ‘trust’ by the banking system through various offshore accounts that HBOS had been conveniently accessing via hedge funds. They used this money to play their games with (to coin Shin Gangar’s phraseology) or in banking terms to issue derivatives and corporate bonds … hence their voracious appetite for the loans that they issued against people’s family homes, in the knowledge these loans would cause their “clients” to lose their houses.

It seems that Bank of Scotland conspired to defraud hundreds of house-owners of their homes within the carefully-crafted deceptions of the Vavasseur fraud. Sir James Crosby even got St James Place employees to set up private IBC’s posing as “mortgage advisory companies”, in order to harvest people’s assets.

Yet the monies “loaned” were fiat money, backed merely by faith, tying the subjects to the Bank of Scotland with their fate sealed…

BRING BACK THE MAGNA CARTA! No man can be deprived of his home, under the Rules of the Magna Carta, let’s get back to basics shall we?

It’s high time that we named and shamed the banks that were the most responsible for inflating the torrid credit bubble which is now swallowing up the assets of the common man.

Banking has become a black hole of corruption, particularly since derivatives trading was legalised again in 1999 — what a mess this deception that has created for innocent people. Bankers have been engaging in the worst possible type of financial mugging, as you and millions like you and I have seen.

But the government’s eyes are “wide shut” to it all, and they’re too afraid to confront the stark reality that many of us are having to contend with. Why has James Crosby’s apparent involvement with the Vavasseur Fraud escaped justice – to the detriment and cost of hundreds of us, scores of who have lost their homes?

At last, I feel the energies are finally starting to shift, and it won’t be long before the balance is tipped and the positions of unprincipled plutocrats are reversed.

My personal experience of the actions supposedly being taken by the FSA/SFO is somewhat worrying!

Although James Paice MP, supported by Eric Pickles, Vince Cable and others, secured the debate in Westminster Hall the promise of FSA/SFO action is very much in question! I emailed a submission to those agencies some weeks ago — and other than receiving an immediate acknowledgement, have heard nothing else! There have been no requests for further evidence, of which they know we have much.

Your readers might be interested in seeing just a little of this evidence, which confirms that Bank of Scotland was engaged in similar activity dating back to 1989/1990. This was in cahoots with BoS auditors Ernst & Young who also audited Nursing & Care Associates [so similar to the Scourfield links!]. This is currently being updated at: http://www.cbr.me/index.php?page=The-Baker-s-Dozen.

What we know is that from about 1989/1990 BoS could see nothing wrong with having multi-layered conflicts of interest with its auditors and consultant/management company [this was certainly in breach of its banking licence on Isle of Man – and possibly also of its Bank of England licence].

BoS advised my wife to use N&C, run by Peter Stanniland -– when the bank knew or should have known that N&C was trading while insolvent at the time. Who better to tell them than BoS/N&C auditors, E&Y? But E&Y wouldn’t tell BoS, or if they did BoS ignored them, as subsequently did the Royal Courts of Justice!!?

N&C clung on despite all directors, except Stanniland, having resigned. It finally ceased trading in October 1992 but it was replaced by another Stanniland company, Petilda Ltd!! What became a fraudulent court appointed receivership [perhaps the other dozen were too?] lasted for some 13 years until there was nothing of the original £7m equity left!

Should any of your readers know of the other dozen companies similarly ‘eaten alive’ by this grouping, then they are invited to contact us via http://www.CBR.me to discuss a possible class action against the parties named here.

Our immense sadness is that, although the files had the personal attention of Alistair Darling and Jack Straw, to name but two -– nothing has actually been done! Had proper action been taken against BoS in the 1990s then the HBoS Reading casualties would not have been created, or should not have been!!

Thanks again,
Alan Edwards
[also: cbrhq@hotmail.com].