Another major Rothschild bank, NM Rothschild & Sons, is facing a massive lawsuit for claims of mistreatment of the elderly's mortgages.
According to the Sunday Times;
The venerable bank NM Rothschild is being sued by a group of pensioners over its involvement in an investment plan, backed by Spanish property, that allegedly turned sour.
Four borrowers have filed a High Court action accusing Rothschild of treating them unfairly in the course of a scheme that let them take out mortgages against their Spanish homes.
Under the terms of the disputed deals, they took out up to 75% of the value of their properties, the proceeds being reinvested with an insurance company to provide an income. They claim the insurer’s investment fund failed to perform as promised.
The Rothschild bank allegedly promised to provide them with an income, but instead left them with a major debt.
A lawsuit has since been launched because of the a huge loss of money.
Financial adviser and Rothschild employee, Henry Woods, invited Michael and Roberta Carney, aged 72 and 71, respectfully, to take out loans on their houses and then invest that money in a fund run by Aspecta Assurance.This resulted in massive lost and the pair are now fighting back.
This incident is not an isolated event either. Recently the Rothschild family business has made the headlines for similar circumstances. First, in 2013 when Hungary kicked out the International Monetary Fund (IMF) from its country and then David De Rothschilds criminal indictment in Switzerland. There are also now reports emerging that Russian president Putin has kicked out the Rothschild banking gang.
For those who don't know, the Rothschild family is alleged to be the most powerful in the world. You can learn more about them in the documentary below;
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