There are various forms of pension mis-selling. This ranges from incompetency to deliberately setting out to mislead. The White Sands situation is on another level, however. It can be described as nothing other than a scam.
White Sands gained national recognition when it was closed in 2013, largely because the company behind the scam used and exploited the former professional footballer Lee Sharpe. He featured on the company's advertising and marketing materials promoting the investment.
Did You Lose Money in this Non-Existent Brazilian Property Investment?
If you did invest in White Sands and haven’t received your money back yet, it is time to make a claim. Request a call back from one of our expert advisors at Goodwin Barrett. We will explain your options and will help you recover your losses.
The Brazilian Dream that Didn’t Exist
The company behind the White Sands investment scam was Green Planet Investment Ltd. The pitch was simple – it offered people in the UK the opportunity to purchase off-plan apartments in soon to be built resorts in Brazil – White Sands Towers, White Sands Country Club, and Genipabu Beach Club.
Investors were given this pitch by high-pressure sales people. The resorts were sold as five-star quality and investors were promised returns of up to 30 percent.
Around 300 people agreed to purchase property in the so-called White Sands resorts. In total, Green Planet Investments received £14 million from these investors.
The resorts didn’t exist, however, and no building work on them ever started. The High Court stepped in to stop the fraud, closing it down in 2013.
For the 300 or so who had already invested, they were already out of pocket. If this applies to you, it may be possible to get your money back.
Your best approach is to get professional advice. Plus, our team can help you through each stage of the process so give us a call today.