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InvestUS Exit Strategy (Real Estate Investments USA Plc)

InvestUS Exit Strategy (Real Estate Investments USA Plc)

There have been many instances in recent years of innocent people being persuaded to invest their life savings or pension pots into high risk unregulated schemes which have ended in disaster. While many of those who did the persuading are able to move on and start again, those left in their wake face an uncertain future and the potential loss of all the money they once had.

Here at Beat the Banks, we’ve been providing support and guidance for a significant number of men and women who lost out, and we continue to do all we can to fight for the justice they deserve. Our friendly, experienced team would like to hear from you if you have been a victim of such developments, so please get in touch today on 0800 193 1234 or use the online contact form.

InvestUS, or Real Estate Investments USA PLC) was set up in 2013, and they had what appeared to be an interesting investment proposal for potential investors. After the 2008 financial crisis, the USA’s housing market was in a major slump, so InvestUS proposed buying repossessed properties, carrying out some repairs then letting and selling them on for a quick turnaround and a hefty profit.

The plan was to buy homes in Detroit, a city that suffered in the financial crisis more than most, and later to buy more properties in Florida and Chicago. Investors, many of them ordinary working people who had little or no knowledge of the murky world of high-risk investments, were talked into transferring their money into Self-Invested Personal Pensions (SIPPs) and then into the InvestUS scheme.

There was talk of high returns for those who invested. There was the usual slick sales patter of cold-calling advisors, some of whom were unregulated. And of course there were the glossy marketing materials to show people how professional the whole operation was going to be. It was all very persuasive, and it resulted in combined investments thought to be in the region of £77 million.

Plenty of promises, not much in returns

It soon became apparent that returns were nowhere near original estimates, and soon the returns dried up completely. There are a number of companies involved in this scheme, some of which may be familiar to you. They include:

  • InvestUS
  • Real Estate Investments USA PLC
  • Cherish Wealth Management
  • Avacade Ltd
  • Global Custodial Services
  • Right Buy Properties LLC
  • Exit Strategy LLC
  • Rebuilding America LLC
  • Cherish Wealth Management, a company that targeted potential investors before cold-calling them, went into liquidation in 2016. They have been the subject of a number of successful, high profile compensation claims from disgruntled investors. Among the many charges made against Cherish was that they glossed over potential risks faced by people who were persuaded to part with their money.

    Those who invested in InvestUS should have been informed of the risks involved, and should have been told the scheme was an unregulated one. Cherish Wealth Management should also have checked whether investors were sufficiently financially stable to enter into such an agreement. InvestUS was just one of a number of schemes that really did prove to be too good to be true.

    Far too many innocent investors have been left with nothing after being talked into taking a gamble that didn’t work out. They were under the impression that the investment was far less of a risk than it really was, and now they’re having to cope with what turned out to be a financial disaster. This scenario should never have been allowed to unfold, but it did.

    In January 2019, the Government banned pension cold-calling, an act they had been promising to do for some time. Going forward, this is the right way to go, but for many people it’s too late. It’s staggering to hear that the Money Advice Service estimated some 250,000 scam calls were being made every year before the ban came into effect. Be warned, however, that cold-calling from abroad is still likely to occur.

    If you were persuaded by advisors to switch your money into a SIPP and then to invest in schemes such as the one managed by InvestUS, Beat the Banks would like to hear from you. Call today on 0800 193 1234 for a friendly, no obligation chat.

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      “Down entirely to Mike’s hard work, we previously had a successful claim with Clydesdale Bank. Mike was convinced we had more loans with PPI and he was relentless in efforts to recover our paperwork from the bank. Finally, after many attempts, enough records were recovered to submit several claims. We have now received much more compensation, covering loans going back many, many years. If it had not been for Mike and the team at Beat the Banks this would never, ever have happened. Literally, all we did was sign our name and bank the cheque.”

    • Mrs S, Falkirk

      “I was apprehensive about using a company to claim my PPI as I had previously responded to a “cold call” and was pestered with calls. I heard about Beat The Banks on a local radio station and because they were based in Scotland I felt comfortable approaching them. I have had a very positive experience with Beat The Banks. They are not pushy and answer any queries timeously. All the Agents I have spoken to were knowledgeable, polite and friendly. After the initial information gathering conversation, they understood my needs and just got on with my claim. No hassle. Even when it was clear that my claim was of a relatively low value they processed without delay. I would definitely recommend using Beat The Banks …. they put all the other companies out there to shame.”

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