Savers hit by Mexican golf course con
Thursday, July 29th, 2010 Money.
Savers are having their nest eggs ploughed into ticklish investments which leave them at risk of losing all their currency, an investigation has revealed.
Teak farms in central America, Mexican golf catamenia, property in the Balkans and country clubs are among the dodgy investments that more savers are holding as part of their pension.
These schemes are in such a manner risky that it is against the law to sell them to the the community. If the firm were to go bust then the investor would have existence likely to lose all their money. A probe by City regulator the Financial Services Authority has rest that some financial advisers are flogging these unregulated collective investment schemes to credulous savers.