CAR BUG SHARES

Hendon and Finchey Times  7.48 pm Wednesday 15th November 2006

COUPLE ADMIT £1m Scam

A couple from Friern Barnet conned people into investing more than £1 million into their dying business in order to fund a lavish lifestyle, which included renting a luxury mansion in Hadley Wood, a fraud trial heard this week.  Tony and Danielle Rose convinced more than 100 people, including pensioners and widowers, to buy shares in a business which claimed to prevent crime and track cars.  But the pair, from Hatley Close, used the money to buy a £24,000 holiday in St. Lucia, a stretch limousine, Jaguar and Toyota cars and a £2.5m property in the borough.  Tony Rose, 57, faces jail after he admitted charges of conspiracy to defraud and money laundering.  His wife, aged 50, was told she would be spared a custodial sentence after pleading guilty to a lesser charge of inducing an investor contrary to the Financial Services and Marketing Act.

Southwark Crown Court heard how Car Bug Trader Plc began carrying out what is known as a ´boiler room´ fraud, where worthless shares are sold, after forging links with a Spanish crime syndicate.  Judge Christopher Hardy said:  ¨They were working extremely hard to give the impression that they were people to be trusted.  ¨This type of offence is extremely serious and undermines confidence in the business community.  ¨The couple began cold-calling potential victims with fake business qualifications and CV´s.  Danielle claimed to have been a director with Disney.  They persuaded dozens of people to invest, including a farmer from Orkney in Scotland, who was left with nothing after buying £70,000 in shares.  He was told the company would be ´the new Microsoft´ and his shares would increase in value from £3.50 to £12.  The pair will be sentenced on December 7.

 

If you have had dealings with this company and you wish us to assess your paperwork, please make contact with us.

NO WIN – NO FEE

RE LAWYERS FEES AND THE NO WIN – NO FEE SITUATION IN SPAIN

 

Lawyers’ fees are set by provincial professional bodies (Ilustre Colegio de Abogados), although individual lawyers often set much higher fees. In general Spanish Lawyers´ fees are lower than those charged by lawyers in northern European countries, starting with a simple consultation of less than half an hour costing from €50.  We do not charge to assess any documents prior to any decision to proceed.  When preparing contracts involving a sum of money, e.g. misrepresentation, these fees are calculated as a percentage of the sum involved upon completion.

Contingent or conditional fee system for litigation (no win no fee) isn’t currently legal in Spain, but it’s under ‘consideration’ so at present ‘No win, no fee’ lawsuits are illegal in Spain.

 

A new act was passed by the Spanish Parliament in 2012, where everyone; no matter which nationality; who is taking a case to court, has to deposit funds DIRECTLY with the lawyers who are taking the case to the courts for the court time, court clerks etc.  In effect this stops any frivolous cases being taken to court and wasting the courts´ time.  The Proviso de Fondos or provisions of funds we ask from you to take this case forward are covered in this.  This law is called la Ley de Tasas Judiciales and came into force on 22 November 2012

 

We hope this information is helpful to you in understanding how the Spanish Legal System works. 

 

 

Dextra Legal SL – Introduction

Dextra Legal SL will fight your complaint until a successful conclusion is obtained. With over 30 years of experience in fraud cases and a reputation, second to none, in the field of fraud.

In conjunction with local authorities, legal administration systems and the best in the best in European legal practices Dextra Legal offer the consumer a service that goes above and beyond the legal parameters currently in place throughout Europe.

All cases are independently reviewed and considered on an individual basis.

Our lawyers are fully bonded and registered to practice law throughout Europe. (specifics can be provided upon request)

Once an offer of compensation is made, and amicable, to both parties, then and only then will we conclude our actions.

Dextra Legal SL

email: dextralegalandia@gmail.com

Dextra Legal SL (blog) LAUNCH DAY

Day – 1

Welcome to the next generation. After over 30 years in business, finally, i have had to bow down to the power of the internet. The objective of the blog is purely to give advise and help with all matters legal regarding peoples experiences.

People we speak to everyday have been the victims of terrible frauds committed against them.

We are happy to hear from ANYBODY with problems connected with Timeshare, Land banking, Real estate, Stocks and shares etc.etc and have experienced losses/fraud in relation to those. (big or small) ANYWHERE in the world.

Dextra Legal SL has been in operation for well over 20 Years and can offer you the information needed to help you make informed decision.