The ONLY paper in Andalucia not to feature sex ads The original and only English-language investigative newspaper in Andalucía
the MINTED: Terry and Lesley Wright on recent Dubai trip HE allegedly earned millions by persuading unsuspecting investors to part with their hard-earned cash through a series of blacklisted companies in Spain. Now banned financial advisor Terence Wright is reaping the benefits of his scams by enjoying a luxury lifestyle in France. The Olive Press can reveal Wright has moved into a sprawling €2 million mansion in the Dordogne region, after spending millions renovating the property. The British businessman is said to have taken a keen interest in the building work, regularly flying in by private jet to oversee the project. The property, in Veyrines de Vergt, halfway between Perigueux and Bergerac, has even been nicknamed ‘The Castle’ by locals due to its vast size. The mansion’s most notable
olive press
FREE
Vol. 7 Issue 159
www.theolivepress.es
Don’t let the Don’t thein bankslet cash banks cash in www.hifx.co.uk www.hifx.co.uk see page 13 seepage page13 29 see
April 19 - May 1, 2013
EXPATS THIRD OF EVICTIONS
Who says crime doesn’t pay as blacklisted financial advisor Terry Wright cites ‘dislike of Spanish food’ as reason for upping sticks and buying €2 million mansion in France
GREAT ESCAPE! But look who didn’t get so lucky! TIMESHARE TONI FINALLY GOES ON TRIAL OVER THE CONNING OF 15,000 VICTIMS AROUND EUROPE see full story on p2
feature is its own stables, which are believed to be for the benefit of Wright’s wife Lesley, who is known to have a keen interest in horses. He has furnished his lifestyle by buying a second home up the road for staff and two brand new Mercedes cars and a Bentley for him and his wife. The boss of FSA-blacklisted firms, PFR Services and Cash in Your Pension , told neighbours he has moved because he is sick of Spaniards and Spanish food. But the truth is his Spanish operation, run out of a house in Alhaurin el Grande, was coming under
EXCLUSIVE By Jon Clarke and James Bryce
increasing scrutiny from UK regulators. “He is a very strange person, very slippery,” one neighbour told the Olive Press. “The reasons he gave for moving have made a lot of people suspicious, you don’t move to another country at such great expense just because you don’t like the food.” Another source who worked on the house added: “The renovation has been carried out to the highest and almost incredible luxury
standards. “He loves playing Lord of the Manor and has even bragged to have spent millions on the renovation. “I’ve seen lots of plush places in my time but this is on a different level.” The source added: “He is still involved in lots of schemes and has been in and out of Dubai over the last year living the high life. “He often flies via private jet and usually goes in and out of the UK via Biggin Hill.” The Olive Press revealed in 2011 how Wright was operating a so-called boiler room in Alhaurin, which Turn to page 2
NEARLY 1,000 British families faced forced eviction proceedings in Spain last year. According to figures released from the College of Property Registrars, Britons accounted for 3% of repossession cases in 2012. In total, 30,034 first homes were repossessed by the banks in 2012 – or one every 12-and-a-half minutes Turn to page 4
PP boss’s wild Ibiza weekends with drug lord
A PP leader photographed holidaying with a notorious drug smuggler continued to contact the criminal after he was arrested it has emerged. Albert Nunez Feijoo, leader of the Galicia region, faced calls for his resignation this month after several pictures of him were published in the company of drugs lord Marcial Dorado. Although the politician admitted to having a ‘personal relationship’ with Dorado, he insisted he had no idea about his friend’s illegal activity and immediately cut Turn to page 7