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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.