Pension Scam Forces 74-Year-Old Expat Back to Work in Spain
Last month’s conviction of ex-director Jody Smart followed by judicial review of another official mark the first legal resolutions in the CWM scandal.
Overview
- Alan Brozel entrusted over £150,000 of his pension to Continental Wealth Management, which allegedly forged his signature and channelled funds into high-risk investments.
- Ex-model Jody Smart, a former CWM director, was convicted of fraud last month as part of the ongoing pensions investigation.
- Darren Kirby, another CWM director, is believed to be in England and is now subject to judicial review over his involvement.
- Now 74, Brozel survives on a £600 state pension supplemented by villa cleaning and dog handling to cover living costs.
- Hundreds of British expats lost significant savings after CWM dividends dwindled and erratic payments left investors unable to recoup their funds.