Sales Agents Sent To Prison

Sales Agents Sent To Prison.

This month we have been informed that a criminal case where we provided information to a group of investors for onward transfer to the investigating Police Officers has resulted in prison sentences for the sales agents involved.

The majority of the investments sold to the investor group were based in the UK and included Park First, Signature Living Hotels, Shepherd Cox Hotels, Qualia Care, NQ Minerals amongst others. We have investigated each of these investments at some point.

UK scams are not limited to UK shores. They are promoted worldwide. Taiwan has been a favoured country for promoting scams for many years because Taiwanese citizens believed that the UK was a strong place to invest with excellent laws and regulations which protect investors. They do not believe it now. Not one of the UK founders or owners of the investments have faced charges in the UK. We have a lot of Taiwanese clients and have, in conjunction with UK law firms, been able to recover part of their investments in some cases. We are still assisting them to recover more from other guilty parties.

The criminal charges were raised in Taiwan against the sales agents due to the promotional material the agents disseminated and the statements they made to investors to induce them to invest. These statements were actually relatively tame when compared to the sales patter used by sales agents in Europe. European sales agents blatantly lie to their investor targets. However, in Taiwan any exaggeration of the security of an investment, or the trustworthiness of the investment company, or the level of return that an investor can expect, or a failure to declare the exact level of commission that is being deducted from the investor’s money, is a criminal offence under Taiwanese Law.

The sales agents were convicted of various offences related to the above and were given jail sentences of between 6 to 13 years. How we all wish all law enforcement and financial regulators would show the same commitment to prosecute the people selling these scams.

Sales Agents Sent To Prison.