A+ Financial Services Limited
Did you get advice from A+ Financial Services Limited?
The Financial Services Compensation Scheme (FSCS) confirms advice firm in default, after director jailed for fraud. With 10 claims against them, Hertfordshire based A+ Financial Services Limited (present trading styles, Grosvenor Trust & Saving and A-plus) liquidated in October 2018, defaults after 20 years in business. The firm was incorporated in January 2002 and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) until October 2020.
Over the years, A+ Financial Services Limited, has also traded as:
- A1 Life LLP
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Audley Financial Services Limited
- D C Thomson Enterprise Finance Limited
- DisabledGo Financial Services Limited
- Edited Financial Services Limited
- Grosvenor Wealth Management
- MailLife Financial Services Limited
- Readers Digest Financial Services Limited
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Temelco Limited
- Vivat Finance Limited
Stephen Grail (a director of the firm) was jailed for 5 years in February, after being convicted for abuse of position, theft, obtaining property by deception and fraud. The stolen amount estimated around £1.65 million, accumulated between 1997 and 2018, starting 5 years before A+ Financial Services Limited was incorporated. The stolen funds were used to maintain a failing business and personal lifestyle choices.
For 20 years Grail operated a ponzi scheme (type of fraud – luring new investors, which pays profits to earlier investors with funds from more recent investors), claiming funds were being invested in pensions and investment bonds. The crime was covered up by providing victims with false documentation to support investments made and rising level of investments. Any investments that were actually made, were later on maturity, moved into Grail`s own accounts.
If you were advised by A+ Financial Services Limited , you might have been mis-sold your pension.
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