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Building society members owed £138 billion for being duped to invest in trusts | Victim shares story

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Victim of the Phillips Trust Scandal, Gordon Crosthwaite, and Conservative MP, David Simmonds, explain the impact of the Philip Trust scandal.

#buildingsociety #philiptrust #investment #compensation

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39 Comments

39 Comments

  1. @nickyn4076

    January 4, 2024 at 10:11 pm

    Banks are a great big ponzi scheme

  2. @mohamad4609

    January 4, 2024 at 10:11 pm

    What pisses me off we bail these banks out with tax payers money and still ripping the public off and paying them millions when they have took the tax payers money 💰💰💰💸🤑

  3. @grahammaund7405

    January 4, 2024 at 10:11 pm

    Lawful armed robbery, what a racket.

  4. @winniepoyser7164

    January 4, 2024 at 10:11 pm

    😡🔥😡🔥😡🔥😡🔥😡🔥

  5. @routeman680

    January 4, 2024 at 10:11 pm

    When you consider that the present chairman of Natwest Group was the previous chairman of the Financial Conduct Authority (FCA), then it becomes clearer why the FCA is more keen on imposing diversity quotas on regulated companies than in restraining their sharp practices.

  6. @gordonellis3420

    January 4, 2024 at 10:11 pm

    Never totally Trust another with your hard earned cash.. Too many money managers just want to turn you into a cash cow.

  7. @pauldeeley4247

    January 4, 2024 at 10:11 pm

    Dame Alice Ibn Hagar is now going to benefit from wrongfully profit from a conspiracy to defraud the Tax Payer of £11m. She must be investigated!!!

  8. @isitreallydavid1695

    January 4, 2024 at 10:11 pm

    Is it crooks in suits syndrom strikes again..

  9. @billsellwood3280

    January 4, 2024 at 10:11 pm

    Regulators in general seem to be useless, being composed of either woke old pals or industry insiders. Another case of our politicians taking the line of least resistance.

  10. @simon-oy6um

    January 4, 2024 at 10:11 pm

    So these bankers are conning investors to buy out bad stocks owned by them so their hierachy can reward themselves with big bonuses for dumping bad stock 🤢🤢🤢

  11. @ruthbognar5987

    January 4, 2024 at 10:11 pm

    What do you think of Tommy robsons allegations your too weak

  12. @allykatharvey

    January 4, 2024 at 10:11 pm

    EVEN the FCA!!! They are so woke and corrupted. Their “values” are not legal or properly, openly debated. It is corruption at its worst.

  13. @joankirby1944

    January 4, 2024 at 10:11 pm

    Well done nigel and guest for bringing this to light.

  14. @knicol46

    January 4, 2024 at 10:11 pm

    you can never go wrong investing in brown envelopes

  15. @rafezetter8003

    January 4, 2024 at 10:11 pm

    I've got a friend who's father had investments being managed by HSBC; after his fathers recent death after a long illness with dementia, it turns out HSBC were doing trades buying and selling shares REGARDLESS OF PROFITS OR LOSSES, AS THE TRADES WERE CREATING FEES THEY COULD TAKE FROM THE INVESTMENTS – There's records of shares being bought and then sold, within WEEKS. It went from a listing of just over 1 million 10 years ago to…… less than 100,000. A 90% loss. He is currently suing the shit out of HSBC.

    I'll bet there's a lot more cases like that.

  16. @stitcheruk1150

    January 4, 2024 at 10:11 pm

    It’s not the responsibility of any bank or building society to look beyond recommendations for a will writing service. However, with any such advise, it should be advised to their clients that their recommendation is purely for will writing and nothing beyond that. I would like to see a copy of the recommendation advice.

  17. @matthewcook9404

    January 4, 2024 at 10:11 pm

    Very disappointed to see Farage selling out to the Tories, and betraying the paid up Brexit Party members who supported him. 😡😡 How much does he owe them ?!?!

  18. @mariewolton7027

    January 4, 2024 at 10:11 pm

    I wish I could say something but my case is with FOS atm.

  19. @learningnevaends6026

    January 4, 2024 at 10:11 pm

    This happened to me with Bradford and Bingley

  20. @bernardjoyce1288

    January 4, 2024 at 10:11 pm

    It seems like a financial advisor is someone who advises you on investing your money until it has all gone

  21. @notjoeking2

    January 4, 2024 at 10:11 pm

    Every single person working in financial services is not to be trusted in the slightest. I don't care who it is what they're selling or what their background is, the vast majority of this banking class have destroyed the west, they even travel on diplomatic passports ffs, they are all professional money launderers.

  22. @maxdamage8435

    January 4, 2024 at 10:11 pm

    We seem to be living in a greed ridden, immoral society these days

  23. @andywarrington4738

    January 4, 2024 at 10:11 pm

    the whole system is corrupt

  24. @sempereadem54eadem64

    January 4, 2024 at 10:11 pm

    The MPs are rubbish

  25. @juliabishop1968

    January 4, 2024 at 10:11 pm

    Financial advisors sound like another layer of jobs for the boys, another scam.

  26. @kitcat4512

    January 4, 2024 at 10:11 pm

    We are under the new rules based liberal order.

  27. @user-zh9kc7tw4n

    January 4, 2024 at 10:11 pm

    Nothing complex here just the rich elite milking people.

  28. @user-gd1yg6le1h

    January 4, 2024 at 10:11 pm

    Well you be ok go ask Bank to talk to Mercer..snake oil.

  29. @lukejones6813

    January 4, 2024 at 10:11 pm

    Bradford and bingley come to mind as I wasn't allowed my mums savings when she passed away as I wasn't 18 years of age although she had a will, and they refused to pay the money and kept it

  30. @luisversace

    January 4, 2024 at 10:11 pm

    WHITEcollar crime. The bankers are in the BLACK whilst the ordinary man/woman in the RED. Helped you out Nige. Brought colour into it. No thanks needed.

  31. @rockerjim8045

    January 4, 2024 at 10:11 pm

    Building Societies only exist to benefit the Directors and so do the British banks

  32. @rockerjim8045

    January 4, 2024 at 10:11 pm

    Pay Pal nigel

  33. @FarmerGwyn

    January 4, 2024 at 10:11 pm

    So it's not the people in the boats that are shafting us, it's the rich, well,,,, who knew…….

  34. @stephenwalton2633

    January 4, 2024 at 10:11 pm

    The everyday man an woman get shafted every time. What a country?

  35. @nicolass7102

    January 4, 2024 at 10:11 pm

    Brexit disaster

  36. @nicolass7102

    January 4, 2024 at 10:11 pm

    Brexit mess

  37. @michaeljohnson5365

    January 4, 2024 at 10:11 pm

    It costs 700 pounds per week to keep ONE person in prison and there are 88,500 of them in England and Wales so you can see also its costs 8.2 Million a day to keep ILLEGAL immigrants in hotels etc.

  38. @michaeljohnson5365

    January 4, 2024 at 10:11 pm

    The UK is 2.92 TRILLION in debt it has to find ways to save money or the UK will be in sucked in a black hole

  39. @aaronmason9332

    January 4, 2024 at 10:11 pm

    Considering the damage banks have done to this country id take building societies all day long over them

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Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.

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