Welcome to Beat the Banks

Find Us

87 Commercial Street,

Dundee DD1 2AB

The Paraiba Projects Mini Bond

The Paraiba Projects Mini Bond

Paraiba Projects is another of the investment schemes once espoused by Avacade, a company that has now gone into liquidation. Avacade have been the subject of major investigations by the authorities, in part because of the fact that they offered unqualified advice and encouraged people to invest in unregulated schemes. They often did this by way of offering a free pension review.

Members of the public were contacted – often by cold-calling – and offered such a review, but generally the advice offered in the review pushed people towards schemes that offered huge commissions to Avacade in the first place. And while at the time the advice given by Avacade might not have been out and out illegal, it was certainly bordering on the extremely unethical.

Far too many hard-working, innocent and unsuspecting members of the public trusted the advice they received, and saw an opportunity to add to their pension savings and to look forward to a more comfortable retirement. For many of them, the end result was the loss of almost everything they had. Meanwhile, those involved in such schemes got ever wealthier.

As well as the Paraiba Projects Mini Bond, Avacade have coerced investors into sinking their money in Ethical Forestry, an unregulated scheme that should never have been targeted at ordinary members of the public. Given the high risks that were involved, it should only have been aimed at sophisticated investors of high net worth who would have understood the risks involved.

If it sounds too good to be true it might be just that

The Paraiba Projects Mini Bond is another scheme that sounds exotic, interesting and potentially profitable. Its main focus is on building homes in northern Brazil, specifically a 350-acre residential condominium resort called Brisas de Coqueirinho Country Club. Paraiba is a state on the country’s Atlantic coast, and because it’s densely populated more housing would be a major benefit to the community.

Claims made in the marketing material suggest this bond could produce annual returns of 11%. It’s billed as a terrific investment opportunity, but it remains to be seen whether it will live up to those expectations. Back in 2016, published accounts suggested such claims were unlikely to be fulfilled. The Paraiba Projects Mini Bond may not be as sound an investment as the people at Avacade suggested.

Transferring a steadily performing pension pot into a SIPP makes good sense for some people, but for others it’s a strategy that can be fraught with risk. It’s tempting of course to try to get more from your money, especially perhaps as retirement gets ever closer, but if you invest in an unregulated scheme it’s likely to be a gamble that should never be taken.

If you have lost money through a SIPP that you were talked into taking, we at Beat the Banks may be able to help. We have dealt with a number of cases involving Avacade and others, and we have the experience and the know-how to seek the justice our clients deserve. Call 0800 192 1234 to find out more.

Book a FREE Callback

or enquire now

Sign up to Beat the Banks Newsletter

I have read and agree to the terms & conditions
  • Mrs C, Glasgow

    “From beginning to end, Beat the Banks have been very efficient. I am very pleased with the service from Jenna and the team. I am highly delighted and I have been recommending all of my friends.”

  • Shona, Dundee

    “Huge thank you to the team. After attempting to claim PPI myself and getting absolutely nowhere, I got Beat the Banks involved and ended up getting  £12,000. What a result. Beat the Banks made it so easy and were committed right to the end.”

  • Mr A McQuillian

    “From previous experience of PPI claim companies, I was a bit dubious if anyone could help me but I thought I would try Beat The Banks. To say I am pleased with the service and conclusion to my claim is an understatement. Beat the banks and my claim handler in particular handled all aspects of the claim from Clydesdale Bank with professionalism, courtesy, and efficiency to secure a positive result on my behalf. I would certainly recommend the services of Beat the Banks to anyone who thinks they have PPI claim, especially with the Clydesdale Bank.”

  • 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.”

  • T & A, Dundee

    “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.”

  • Mr & Mrs M, Shetland

    “We really appreciate the doggedness and professionalism of Jenna and the team at Beat the Banks. This is something we’d never have gotten round to doing and we’re so glad we went through the process with professionals as we’ve now had great results. Only positives have come from the experience.”

  • Mrs S, Falkirk

    “Excellent service so helpful, I received a substantial sum back that I had no idea I was due, thank you again to Beat The Banks especially to Gary who was so helpful and efficient in every way.”

  • Dave & Linda , Dundee

    “We had no paperwork but £52,500 reasons to say thank you, we are now living our Spanish dream! Exceptional service.”

  • Mr S, Dingwall

    “Have just found out I have won all my cases with the bank, going back many years and been awarded compensation of just over £15,000!”

Web Design by: Purple Imp