A masked expat pensioner whose savings are trapped in collapsed bank Kaupthing Singer & Friedlander (KSFIOM) has launched a scathing musical attack on the Isle of Man Government via YouTube.
"Fleeced 2008"'s videos, entitled 'Don't bank on the Isle of Man' (see it here), features expat Evelyn warning would-be offshore savers not to trust the jurisdiction because of its handling of the KSFIOM debacle. The subsidiary of Icelandic banking giant Kaupthing collapsed last October and since then saver's money has been trapped in the bank except from one early payment from the Isle of Man Government. Since last week, when the videos appeared on the popular video sharing website, Evelyn has attracted almost 1,700 visitors and gained numerous comments from other angry depositors. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
