The former owners of Westover Hall Hotel, David & Christine Smith, were featured on Sky News last night.
You may recall that the friendly and hospitable couple spent several years and many thousands of pounds building the business and entertaining customers, before ultimately losing the hotel in the height of the recession in 2012, and in no small part due to their doomed investment in the 'Interest rate swaps' scandal.
The impressive Milford on Sea hotel, is now called The Beach House, and has moved from being a boutique hotel & restaurant, to what is now a popular pub with rooms.
Sky's Jason Farrell has investigated the issue of swap mis-selling for nearly two years and in the online article reveals the tactics used by banks.
Whistleblower James Duker, who used to sell interest rate swaps, told Sky News: "It was normal practice to emphasise the rewards of structures and de-emphasise the risk. They were mis-sold on a regular basis."
David & Christine are now involved in legal action in an attempt to gain some redress, and I am pleased to say they told me they are both fine.
How greedy people can take advantage of honest and honorable people I will never know. I just hope the money haunts them, and that one day they find a moral conscience.
Sadly, David & Christine are not the only people I know who got hit by this scandal. Below is a link to 'Bully Banks', an impressive campaign group who seem to be making some serious progress in their campaign. If you know anyone who has been affected, please get them to take a look and register their position.
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