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Wind farm folly in Spain 

Credit:  EXCLUSIVE by James Bryce, The Olive Press, www.theolivepress.es 21 April 2012 ~~

A pair of British expats have filed a denuncia after losing thousands of euros in an apparent investment scam.

Brothers Malcolm, 66, and Ken Nall, 68, invested 6,000 euros in a French wind farm scheme through a Marbella-based finance company last year.

Sold as a reliable three-year bond, they were promised an annual return of 9.5 per cent on their investment through firm Finance Energy.

However, alarm bells started to ring after they failed to get their first payment on March 4.

“When we called the company, there was no reply,” Malcolm told the Olive Press. “They have apparently taken our money and vanished.”

He added: “It’s a lot of money for us because we’re pensioners.”

The pair, from the Midlands, have failed to locate representative Gary Oliver, who sold them the scheme.

They insist the police don’t seem interested and they are being ‘passed from pillar to post’.

“It annoys me to think we’ve been ripped off and the police don’t seem bothered,” Malcolm added. “Clearly we were naïve, but we hope noone else gets caught out.”

When the Olive Press attempted to contact Finance Energy, both numbers were disconnected, while the website www.fin-energy.com is no longer in use.

Craig Edmonds, from 123 Marbella Internet Services, which manages the site, said: “Legally I am not able to disclose any details of customers or comment on activities, but I have forwarded your email to the current owner.”

Firms who solicit investment funds must be authorised by the Spanish CNMV.

A search of the regulatory body’s company register revealed no trace of Finance Energy.

Source:  EXCLUSIVE by James Bryce, The Olive Press, www.theolivepress.es 21 April 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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