Just got back information about my ex trustee under the FOI act Scotland . During the period between march 2014 and feb 2015 his accounts have been audited a amazing 34 times what is unbelievable is that all 34 audits have resulted in 34 reductions of his fees , from £708 to a eye watering £17.7 k . From my limited understanding he has submitted accounts for work he has claimed he has done and then charged accordingly . The audits have shown he has not done what he has charged for surely this is false accounting on a massive scale , I now intend to go back further to gather more information I am sure there will be more of the same . My own audit fell outwith this period as it was on the 2/5/14 that the determination was published , lets just say his fees were reduced by 12k in my case , and I know of 2 others during that time scale amounting to 27.6 k in 3 cases , I feel once fully uncovered it will run into hundreds of thousands. Capre diam [:D]
In total, it adds up to just under £85k overcharged.
To clarify, a Trustee provides a summary of hours charged per employee on a case over a 12 month period to creditors. Each employee will have a specific charge out rate and the report will average this. On the £17.7k cases detailed above, this would amount to one Trust Deed case being overcharged by somewhere in the region of 100+ hours work. The equivalent of someone working every day solid Mon - Friday for 3 weeks on one trust deed case!
This is the same firm who came 1st in cases where no dividend was paid to creditors. Strange that!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
I have asked the IPA to investigate this further as I am sure more of the same has yet to be exposed . However on the 19/ 5/15 my complaint will at last be heard by the investigation committee , making it over 20 months to get to this point . So if you feel you have a genuine grievence against you Trustee go ahead and complain and do not be put off by the time scale , it has been noted by the IPA , that this investigation was slowed down and hindered by my Trustee at each request for information , by delaying his response to the last minute , by giving generic answers and by empty legal arguments . I would like to thank Mark for his hours of hard work he has put into helping me seek justice and expose bad practice , I am humbled as I have only words of thanks at my disposal , tonyd if you are reading this maybe you could give us an update as to how things are going for you . [?]
I do hope you achieve justice and fairness Pinalta. It has taken such tenacity to get where you are and I am glad you have rwceived support from here.
Good luck for a good outcome!
Thank you firewalker , I am amazed that the IPA has not picked up on this massive overcharging , which has been going on for years , just plain lazy or turning a blind eye? , and in the end it takes Joe Blogg's to bring this to light , surely random checks and audits of Trustees should give early warning of bad practice .Looks like they have been caught with their pants down .
Just heard back from the IPA , the information about the AIB's audits of my Trustees accounts will be given to the investigation Committee during the hearing of my complaint next month , more fuel for the fire I hope .
TDA , it was a biblical battle of will's between the truth and my ex Trustee in the end the truth will prevail against tyranny and WE the people shall prevail , after numerous threats to evict me from my home , without a shred of proof to back up his accusations it became personal so I stood up and defied him and took the fight back to him .
Granted , I had valuable assistance and sage council along the way .and I used such advantages as best I could , win or lose . I defied and spat in his eye , I am I'm me as twisted sister rocked .[:)]
Have asked the AIB about audits going back to 2009 so awaiting the information from them , I am positive this is going to run into hundreds of thousands of over charging going back years and is still happening .