GAS Verdant, an Australian farmland investment scheme
GAS Verdant was a farmland investment scheme offered by GAS Global Agricultural Services Limited, a company who marketed themselves as working with renowned specialists to create bespoke and specific agronomy products.
Investors were led to believe their money was being used to buy farmland in Australia and they were promised healthy returns of 8% from the sale of crops on the land. It was promoted as an ideal pension investment when in reality it was yet another high risk Unregulated Collective Investment Scheme (UCIS) which the Financial Services Compensation Scheme (FSCS) now values at zero.
A widely marketed scheme
Regrettably, GAS Verdant was widely marketed and sold by a number of regulated firms in the UK as well as several unregulated financial advice firms such as Commercial Land & Property Brokers (CL&P) based in Spain and Jackson Francis in Liverpool. These unregulated firms introduced their clients to a fully regulated IFA, or directly to a SIPP provider such as Carey Pensions or Liberty SIPP.
Carey Pensions even accepted clients for SIPP investments from CL&P without background checks, despite the firm’s director, Terrence Wright, having earned millions by persuading unsuspecting investors to part with their savings through a series of blacklisted companies in Spain.
If you invested your hard-earned pension funds into GAS Verdant and lost money, you may be entitled to compensation and Beat the Banks can help you claim it.
Our specialists are experienced in dealing with a wide range of compensation cases concerning unregulated investments schemes and will do everything they can to recover your money. Call us on 0800 193 1234 for a free, no-obligation consultation about your situation.