Olive Press Newspaper - Issue 138

Page 1

THE COOLEST READ FOR THE SUMMER HEAT The original and only English-language investigative newspaper in Andalucía

the

olive press

FREE

Have you spotted the posh frock thieves? See Page 9

Vol. 6 Issue 138

www.theolivepress.es

June 28 - July 11, 2012

DRIVEN TO DESPAIR A GROUP of expats are launching an action group after claiming to have been ‘ripped off’ by a Spanish-based financial services company. They are taking legal advice after the boss of company Offshore Investment Brokers (OIB) returned to the UK from Spain without warning. The dozens of victims claim to

Costa action group setting up to reclaim ‘millions’ taken by boss of unregulated financial company EXCLUSIVE by James Bryce have been mis-sold by David Driver, whose company was not regulated by the Financial

Services Authority (FSA) or its Spanish equivilent, the CNMV. The Olive Press can reveal that

Who lives in a house like this... ...and makes a Kil-ing?

Turn to Page 30 to discover the famous faces who have made a home (or two) here

ACCUSED: Driver Driver, a former policeman, has now moved back to London to work as head of Middle East sales for finance group ATSG Funds. He has apparently cut all ties with his company OIB, announcing to friends on his Twitter feed recently: “Some news, we’ve sold our company! I’m moving back to the UK, York.” Group action organiser Paul O’Connell, who lives in Mijas, is furious that Driver is apparently ‘washing his hands’ of his Spanish company. Irishman O’Connell, 55, had been advised by Driver to take out a €260,000 10year loan secured against the value of his property. But the investment failed and the value of the loan is currently 50 per cent down. Turn to Page 4


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Olive Press Newspaper - Issue 138 by Olive Press Newspaper Spain - Issuu