My name is Tamsin Barks. I am the first IAP member to bring a case in The High Court against the former directors of IAP for the fraudulent miss-selling of UK and International Property. This case is of immense significance.
Jim Moore and Brad Rosser, the “founders”, Chairman and Vice Chairman of IAP were listed in The Times Rich List with personal fortunes of £78 and £70 million.
I have orchestrated a group legal action in the UK and over 300 former members have already joined. I am also putting many people in touch with lawyers to help recover their lost deposits in Spain and Florida. For the past 4 years I have represented fellow members on the liquidators committee of IAP.

If you missed Rip Off Britain you can see me here with Angela Rippon:

Fighting IAP

NEWS BULLETIN for Inside Track Victims – March 1st 2017.

UNITED STATES: Chairman of Inside Track Jim Moore was arrested last Thursday and is being held in US jail for charges of fraud relating to Lake Austin Development.

Background

The legal definition of fraud:

A false representation of a matter of fact—whether by words or by conduct, by false or misleading allegations, or by concealment of what should have been disclosed—that deceives and is intended to deceive another so that the individual will act upon it to her or his legal injury.

What happened to you may well have been a criminal fraud. On your own it is an expensive and difficult thing to prove. As part of a class action you can cheaply have this matter pursued to its logical and just conclusion by proper legal team. There are a large number of us who are now in this action together pooling evidence and using our combined resource efficiently.

Inside Track together with sister company Instant Access Properties were multi-million pound enterprises. They had a collective turnover of £200 million. They offered us property discounted by 10-15% from market prices secured on the basis of our aggregated buying power. IAP was a large company they sold 1 in 11 of all newly built properties in the UK, so it seemed plausible. We were to enjoy the benefit of extensive due diligence which they told us included RICS (or equivalent surveys) on all properties. They claimed to scour the globe in search of the best deals. For these services we paid Membership fees ranging from £6-8000 (depending on Jim Moore‘s deal of the day!) plus a monthly subscription and finders fee on all purchases.

In 2008, after paying themselves multi-million pound dividends, IAP was placed into voluntary liquidation. A phoenix company (IAP Global) was started by the same directors it collected circa £3.5 million of client’s fees, before being wound up.

Jim Moore and Brad Rosser the Chairman and Vice Chairman of IAP both became listed in The Times Rich List with personal fortunes in excess of £70 Million. The other two directors of IAP were Maria Gifford and Anthony “Tony” McKay.

If you had any direct contact with the above directors by phone, email or during  presentations, do please get in touch with me your information could be valuable.

NOW The Secretary of State has issued proceedings against Maria Gifford, Jim Moore and Brad Rosser for tax fraud, this involved the $ Millions of commissions they collected on the sale of our Florida Properties.

The Lies IAP Told:

Lie – 100% of the discount goes to the clients.
Fact – The directors arranged for massive hidden commissions to be paid to themselves and other companies they controlled. They had direct interests in some of the foreign developments they sold. Frequently their clients paid more for the properties than members of the public, a direct result of the hidden commissions.

 

Lie – Properties were chosen on the basis of extensive due diligence including RICS surveys.
In the US IAP acted as an agent selling almost exclusively properties where the directors had large undisclosed interests. In Spain clients often paid above the market price in order to accommodate IAP’s undeclared commission. There is almost no evidence of independent RICS type surveys for these properties.

 

I could go on and on about the number of specific lies told to members by the organisation in order to get clients to invest. Sometimes they concealed that rentals did not cover the mortgage, for example when this information was known (Bahama Bay). Other times clients were led to believe that deposits were fully protected by bank guarantee. The examples are literally endless.

 

In 2006 ASA (Advertising Standards Authority) rulings found that Inside Track Seminars breached codes of Responsibility, Honesty and Truthfulness.

What Can We Do?

I am taking an action in the High Court to hold the directors of IAP personally responsible. The action is costly, I need to pay for the best legal counsel to argue the case in court, and it represents a massive financial risk for me personally. BUT holding the directors personally responsible is of immense significance and is about creating a way for everyone else to make a claim without needing to take the immense personal risks I am taking.

AS I overturn each obstacle it paves the way for a smoother class action.

As the battle continues for us to get justice and compensation from the directors of IAP, the fight is only possible due to the help and support of fellow IAP members. Many members feel the same as me that we should bring these people to justice and get compensation from them for our losses.

If you are keen to ensure that this case continues, you can support me. A small donation from you will enable me to fight on.

Please Click below to support this action

With many of us pursuing our right for justice these people can and will be held to account.

I want to thank everyone who has already been kind enough to send donations which are keeping my case in the courts, however small your donation it will enable me to continue the fight. It allows me to keep going and as I overturn each obstacle it will pave the way for a smoother class action.

 

174 thoughts on “Fighting IAP

  1. Hi Tamsin

    I also bought a Spanish property in Playa Golf II off plan back in 2004. At the time of purchase I was told it would overlook golf courses with sea views but when it was built it did not reflect this. It said air conditioning in the spec and there was no air conditioning and I had to argue with them to get one unit put in. The infrastructure is very poor for these properties and so are very difficult to let out. The rentals they promised were well fabricated. They knew exactly what they were doing to con me and hundreds of other innocent hard working people. I am now in financial ruination due to this purchase. I am struggling to meet the mortgage payments and am very worried at the consequences I will face with the bank when I finally can’t make payments. I didn’t know about your 11 June meeting and wish I could have attended. Please let me know if I can still join your fight. I want my money back and justice to be done.

      • DearTamsin , I wish to join this calss action if its not too late .
        My late husband and I purchased a studio apartment in Portugal , under a rental gaurentee scheme through Instant Access Initially the rental payments were made however since my husband died 2009 the payments have ceased , despite the fact the apartment is currently occupied . I am now struggling to pay the monthly mortgage payments . My husband and I had insurance arranged through the Instant access solicitor , unfortunately only I was covered . Tina

  2. Hi Tamsin
    Thankyou for your info on IAP. I am sending you this e:mail for a property that I was promised in Liverpool, called 193 Stanley Rd. The fee for this property was 9,995.00 + vat, needless to say that it never came off, nor did the one promised in Hull or any other for that matter, this was after I had received a congratulations on reserving the property in Liverpool.
    This now seems odd to me as we joined Inside Track at a cost of £11,000 and then they went bust, I must admit they are very good con men.
    Please let me know if there is any recourse.
    Kind regards Bob

  3. Tamsin,
    I have successfully had returned my escrow on a Grande Pallasades investment minus the 33% lawyers fee. Am I still in a position to join this class action as I was told that it was not possible to recover anything from them regards membership fees etc? Is this true as I paid lots of fees to include progression and the other nonsense. I would have thought around 20k in total. I admire what you are doing but as a family man who is trying not to let this fiasco, which has cost me dear, completely mess up my propects I am wary of just about everyhting I see and hear.
    I find myself embarking on a huge 25 year mortgage at 44 years of age which I can barely afford and believe that the whole thing set me back around 110k if you include the fact that I made no ground for 6 six years as I traded my repayment mortgage for an interest free one courteousy of Fuel.
    I would love to join you but need an extra bit of convincing that there is something more in it for me than just a kind of revenge. I certainly hope you win either way and you deserve to be financially rewarded for your efforts one day.

  4. Hallo Tamsin,
    I admire your curage and persistancy. When I got your first emails I was not interested in getting involved as I, at the time “did not suffer” any losses. The property in Manchester was rented out and rent covered the outgoings, Florida’s appartment was still going strong or so i was led to believe. Then Affinity got involved and only then I was told I would get about £18000 of my deposit back. The impression I got was to take that money and forget about the rest. Then last I attended the meeting with paul Oxley where he and his team painted such a rosy picture of the development and the future. It took a long time until I got the email from the new owners Malbec Investments and I started to get worried. Then phone call from David James from Lake Austin

  5. Tamsin,

    I hope you take these Crooks to the cleaners. I lost 16k (small in comparison to your loss, but still put me 5 years in debt) on an off plan property in Scotland. I was told lies about the value of the property, the rental yield, the 30k discount I was getting from buying off-plan and through IAP, and the capital growth Scotland was experiencing at the time the property was being built.

    When it come to completion a year and a half later, the property was valued at the same price it was when we paid our deposit, despite the fact that I supposedly bought it with a 30K discount. And added to this, the rental yield of the property was negative 200 to 300 hundred pounds per month, as opposed to having a rental yield.

    We made the decision to cut our losses rather than complete on a very bad investment and drag ourselves in to even more debt. It was a bitter pill to swallow!

    Good luck. I hope you get your money back with interest!

    Jake

  6. Hi
    If its not apropriate or timely that I join the class action I would appreciate the name of the attorney that you mention Tamsin . many thanks
    Tina

  7. Hi Tamsin, i have just come across your web page ,didn’t know there was any action going on against IAP/inside track. We bought 3 properties, 2 in Manchester and 1 in Willenhall all of which we have found were overpriced. Is your action still ongoing? We would certainly like the chance of being involved in any possible action against these fraudsters. Could you e-mail me or contact me on 07887610624. regards Keith

  8. Hi there,

    Can you let me know if this case is still going on?

    I bought 3 properties one in Warrington two in Fife none of them are worth anything like what was said.

    Hope to hear from you,

    Harvey

  9. Hi Tamsin, i have just come across your web page ,didn’t know there was any action going on against IAP/inside track.

    I brought two propertys in Manchester I would certainly like the chance of being involved in any possible action against these fraudsters.

    Regards

    Ucme

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