This blog has been setup by me for all the people that have lost the money to worldspreads...
Please comment on the blog and we will work collectively to get our money back..
I will try post all the procedures etc and all the lastest news on this blog
Am (was) an account holder via Two Way Spreads and have a middling five figure sum (£) which is now "lost". I'm pretty sure that I will see this money again but I also think that it's going to take a long time.
ReplyDeleteHi,
ReplyDeleteRest assured 50k of your money is covered by the Comp Scheme.
And the process length of time will be mentioned in my next post
Regards
Rav
I spoke to the FOS this morning. My wife is owed £30000 by Two Way Spreads and her case has been going on since last September. The difficult bit is that in January the accounts at TWS wrote the balance down to £0. The FOS says that he will pass the whole case to FSCS but does not put any recommendation on the file as WS are bust. I am hoping that my wife isnt the only one who this has happened to as I believe this is one way that they were covering up liabilities. Dominic Bacon WS counsel I spoke to on Saturday but he didnt want to speak to me- he is the person he sends out the emails saying- money not been sent and a load of ludicrous reasons why not.
ReplyDeleteI am going to write to the head of FSA as on at least three occasions in the last six months I warned the FOS that I suspected something was going on at WS.
Hi Amac40,
ReplyDeleteI have seen your comments in several places have a meeting with the media in the afternoon at some point please send me an email to nshah10@hotmail.com so we can discuss this further
thanks
Rav
Thanks rav for your help and advise.
ReplyDeleteMost of my life savings are in world spreads.This has been so hard for me.I have under 50000,so it seems Im safe,but having my funds trapped for 3-5 months is going to kill me.
Kind regards,
Jay