IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands

[untame274]

Hi, Yes I just checked my post and got a Felicitas Invoice for £100k. That is what I earned over the 2.5 yrs I used this scheme. And I also have HMRC on my back for disguised loan remuneration scheme for £36k. I registered and am trying to pay a flat rate over 7 yrs or more to HMRC. Now this scam comes Felicitas.. when i saw the Invoice. 1. the demand looks like a photocopy of loan amounts. 2. No breakdowns .. 3. A 2 sided letter to me says personal. 4. A signature which shows a name so cleverly disguised not to reveal the full name, surname, 5. A class action it says.. from my understanding i think the solicitor needs to put in print, name, licence, location, exactly in detail what I owed, what I signed etc and clearly I am sending this to HMRC as well to ask why I am paying this as well? or should ? 6. I am not paying anything as if I get a knock on the door, there is more I am intending to give.. So now I am preparing a letter to them and also HMRC..

R Harold D'cruz

Also if anyone wants to chat or email , im happy to provide and discuss. Tks
Need to exterminate these critters! permanently for all the grief we get!!!

[Spider2000]

Hi, Yes I just checked my post and got a Felicitas Invoice for £100k. That is what I earned over the 2.5 yrs I used this scheme. And I also have HMRC on my back for disguised loan remuneration scheme for £36k. I registered and am trying to pay a flat rate over 7 yrs or more to HMRC. Now this scam comes Felicitas.. when i saw the Invoice. 1. the demand looks like a photocopy of loan amounts. 2. No breakdowns .. 3. A 2 sided letter to me says personal. 4. A signature which shows a name so cleverly disguised not to reveal the full name, surname, 5. A class action it says.. from my understanding i think the solicitor needs to put in print, name, licence, location, exactly in detail what I owed, what I signed etc and clearly I am sending this to HMRC as well to ask why I am paying this as well? or should ? 6. I am not paying anything as if I get a knock on the door, there is more I am intending to give.. So now I am preparing a letter to them and also HMRC..

R Harold D'cruz

Lets put some names in the frame , this is all on linkedin so in the public domain , under felicitas group , Owner and Chairman - Adrian Sacco, Compliance and Senior Corporate Specialist - Pippa Bonavia, Finance Manager - Catherine Robinson ( Although on Linkedin her profile name is Catherine R.( trying to hide something ?) , but unfortunately for her if you look at their announcement of their new office in IOM , someone has put her full name . Retained Senior consultant David Horton Phd and a load of other letters , Corporate Admin - Angel Spiteri

It says in their blurb that they are a small group so it would seem that is them. Also 3 of them live in malta , i in IOM 1 in uk . Again all of this is on linkedin.

[Wtaf]

Felicitas not FCA registered

If these cowboys aren't FCA registered how can they legally come after anyone regarding loans? I know I don't owe anything and I got a letter. I've also moved twice, so would also like to know how they got my address!

[Spider2000]

He had more that just names/addresses and loan details my subject access request had every email communication between me and IQ/infinity including my illustration/hourly rate/agreement etc. As mentioned above they didn’t send me my PD11 or payment slips etc despite asking specifically for them. They claim the basis for holding the information via GDPR is financial but I do think there is a complaint to IOM ico in respect of GDPR principle 3 - data minimisation. I would recommend doing a Subject Access Request.

Do you happen to have Longacre / Winchester Loan agreement wording ?

[Spider2000]

I get what you are saying. The total was an unknown, i'm not in a position to check right now but I don't recall agreed loan figures up front.

I don't recall agreeing any total either , i have every single piece of interaction during the period , they would send you and email each week ( i was invoiced weekly ) saying the following

"Your payment has been sent.
We have sent you £xxx.xx today, in payment for your invoice number 000NNN.
This work should contribute £yyyy.yy in profits for the WCS Trust.
In total your services should have contributed £zzzzz.zz in profits to the WCS Trust.
Thanks for your services
Kind Regards,
Winchester Contractor Services Limited


There upon , you would request a loan of an amount up to £ zzzzz.zz

So each loan was requested separately.

Apart from anything else, this clearly shows that the source of the funds into WCS Trust for the loan is coming from myself. So how can giving me back my own money
be regarded as a loan. ?

[Spider2000]

Nice find!

Well hopefully that is the start of the demise of Mr. Adrian Sacco('sh!t)

They just seemd to have shifted it all to Felicitas , this is the message on their linkedin profile of felicitas group, announcing the opening of felicitas.

We have had a clear out for the New Year. A touch of housekeeping, a new office, name and rebrand, as well as some new services, and without further ado - we are now the Felicitas Group. We are proud to launch our new Isle of Man office, headed by Catherine Robinson, which will operate alongside our established Malta office. We’re also launching our new lending service from the Isle of Man which will allow our clients to provide funding for loans made by Felicitas Solutions Limited. Going forward our range of services and solutions are provided by: Felicitas Trust Limited (formerly Quinton Trust (Malta) Limited), authorised by the MFSA to provide trustee and other fiduciary services. Felicitas Corporate Limited (formerly Quinton Services Limited), registered with the MFSA to act as a company services provider. Felicitas Solutions Limited, registered with the Isle of Man Office of Fair Trading as a money lending business. Take a look at our website Felicitas – Structuring is our business and stay in touch with us - even better, we’ll be at a number of events in London and Monaco later in the year (details to follow), so why not come and meet us? hashtag#felicitasgroup hashtag#financialservices

[Spider2000]

I have no comment on the first part of the post.

On the piece I have put in bold, I would say that a write off for less than 100% of the loan value is very much at risk of creating a tax charge (section 554C ITEPA).

Therefore you should be thinking of it as not 12% but 12% + adding the balance (88%) to your other income in 2019/20.

Simply don't see it as a realistic option.

I would see it as a crude attempt to get you to pay some money , the old salesmans trick , sale ends tomorrow , buy now or miss out.
These people are acting unscrupulously , and they know exactly what they are doing , why should you believe anything they say.

[Spider2000]

I have no comment on the first part of the post.

On the piece I have put in bold, I would say that a write off for less than 100% of the loan value is very much at risk of creating a tax charge (section 554C ITEPA).

Therefore you should be thinking of it as not 12% but 12% + adding the balance (88%) to your other income in 2019/20.

Simply don't see it as a realistic option.

Webberg , if you are paying the loan charge , surely HMRC cannot then turn around and tax you again if the loan is written off, treating the money as a loan write off , as far as HMRC are concerned its one thing or the other , either it's a loan or its income and the corresponding tax applies ? and since they have spent the last however many years insisting it is income , how can they then expect to treat it as a loan.

[Spider2000]

And how do we know WHO the holder of the loan is? Yes we got these letters from Gladst*nes but I could have typed those transfer mails out. They literally mean nothing.

Exactly , there is as yet no proof that such a transfer of assignment has actually taken place , they could just as easily lie about that as well.

[Spider2000]

But it was already classified as Income Tax by HMRC, they cant tax it twice.... Can they?

Therefore, If the Income tax has already been settled with HMRC, even if its still going through, then IF Gladstones' letter is true to their word, then making that one off payment would write those "loans off including all interest"... And covering two Laws..
Will it make it all go away so you can move on with your lives? I don't know. I do know that for the last 5 plus years I have been dreading those HMRC letters and now we have this..

Ever since Wednesday I have been feeling so low about all this.. I just want this all to go away, I have enough on my plate without this..
I can see the appeal to bend over and cave in and do it... I'm not saying I will, I find it all completely out of order and cant believe I got myself into this mess..
And this is what they want, to pick on the vulnerable and make some quick cash.

Exactly , they are like a group of hyenas , hoping that there will be vulnerable and weak ones in the herd (excuse the analogy) , but if we circle like a herd of buffalo and confront them with horns and a good headbutt , we can send them packing.