tv Documentary RT October 14, 2021 7:30pm-8:01pm EDT
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clean, there you will be it was just our family home, tiny, tiny village that held out like it was just everything i can remember sitting in the house and saying, hey i've, i've done this to my family. they gave me my code. they gave me my credit cuz they said they would do the deal. i wanted my youngest daughter to go to theater school . all that went over the window. i got a copper coffee, they cost 1 point,
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one know, you know i had to change from being friendly to a person in the corner, giving them no options and see the boy that brings us a nice that's my feelings in the close deal by you know, we have contaminated with getting and also by the expense of the business. ah it's not just businessman, it's not, i don't like guys like me and soups and shops and ties. it's people who to have,
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as a businessman, have worked really, really hot to build these businesses. some of them are 2nd support generation family businesses. so it's, it's, it's integral to their whole life. so the owners, the business, it basically lose the family, they lose their life. correct, employed 3 and a half those employees. it provided software services and hardware to restaurants, so tail chains around the world. it was a viable, vibrant british technology company. in my 1st 100 days, is the ceo doing the sort of traditional 100 day review. i find some historical accounting errors that i thought was suspicious. so i see your, you have a duty of care to tell the banks that have been lending the business money are of any concerns you have. so i went to our b. s. who were the lead to bank of 5 banks that lent money to trex over the years,
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or they were the agent effectively and i met with them. i explained that that as a, as a non accountant, i was just concerned with historically codes. and all i want, what i wanted to do the right and proper thing to do was to bring in some specialist forensic accountants to audit and review are the past few years the codes. so i informed the bank, i told them what i was then going to do about it. they agreed to that. and i, within 24 hours of that i b. s. had suddenly brought in these restructuring specialists who business didn't need restructure to refinance. or we anything there was a historical problem. ah, but within that 24 hour period, another 24 hours passed. and then i find that the business is basically being lever up into pushed into this thing called g l g,
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the global restructuring group. and when i created this repeatedly, i was repeatedly told or so restructuring unit, it's like an intensive care unit where we're here to help. we will support the business. we will continue to support the management of the business and told us this potential issue is reviewed. and that was just a complete lie. ah, georgi is function was not to restructure or to support to help the management and employees of all of our business as i, as i later found me, the
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clever restructuring group as part of bob. yes, it basically came into being in a, by october 2008, just off today. the bailouts were faster managed and it was a re re spray, although an existing organization within our b. s cord, specialized lending services. but essentially became a vast depository for tens of thousands of business customers of yes, many of which had done absolutely nothing wrong. and many of which were credit worthy, profitable, and viable companies which were pushing through machiavellian means. so companies were told this was a part of the bang which was gained to help nurture them back to health. it was like an accident and emergency ward of a hospital. they were informed that it was on that side. it was that to help to get
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them out of their problems and then they could be put back into the normal banking relationship with our existing relation managers. but in reality it was absolutely nothing of the sort. georgi was essentially more like an avatar or a slaughterhouse see that was that to come up the these businesses to enable us to extract the maximum value possible from these poor businesses that ended up in that part of our b. s. mm oh my relationship with the bank of scotland went back to the 1900 seventy's when i started to become successful with the b b. c. and i think the way that these things normally come about is your accountant says, all of us have really good bank manager and the bank manager recommends
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a good service to you and that sort of thing. and i had a great relationship with the bank of scotland and it was built on trust. and you trusted the bank manager because he was the person who signed your possible application. he was the pillar of the local community. i never assumed that my popularity would continue. i never assumed the bbc would keep offering the shows. so when in the mid eighties, i got the opportunity to earn some money. one of my 1st labs which was flying helicopters, i then set up a helicopter company helicopter management. and that was the beginning of unique a v ation. we moved into providing brokerage management of aircraft, including private jets, things wasn't making a fortune, but it made money. in fact, in the 80s i was probably earning a pound doing corporate work every pound i made with the b c. and this was the
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beginning of unique group at the time i just thought as we became under more pressure from the bank that we were doing something wrong. in the end, i thought it was my c o, who's been a friend of mine for 15 years. godfather, one of my daughters i, i thought it was his incompetence. i couldn't believe that we were having problems with the bank because we were not breaching covenants. we were operating always within the agreed facility. but of course now i realize we were groomed. it's got you these people have. gotcha. mm mm. i think broadly in the fall it worked
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as a company that was a totally viable company. the bank would offer them alone. the company would go on, it would pay back the money. it was, everything is interest. and then the bank would suddenly called in a very, very short notice and not even allow some of the companies to pay back the money which they had. they would then immediately put that in value into a company value, the company as a fraction of what it was really worth. they put in their own insolvency practitioners. they would send the sell the company off a fall this and it was worth, and then gave for the personal guarantees of the owners of the company. l look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except where such order is that conflict with the 1st law show your identification . we should be very careful about our personal intelligence at the point, obviously is to great trust, rather than fear like take on various jobs with artificial intelligence. real,
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on the 6 of the sick, 2016, my children, what? hi, malone. and sudden they, they had the shouting at the door. they didn't go to the door. and suddenly it got more, more aggressive, banging at the door, saying that they were bailiffs. so my daughters were absolutely petrified doctor. you would imagine. i want a 2 men posing as bailiffs. cro bought the door off and just burst into the house. they then said that the children had to leave the house,
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they manhandled them through them into the street. we raced back to the children when we got back there, they were in a very, very bad state. as you can imagine, crying some months, it was just to rend us. and then there was just one man there who was the man who had cro by the door. we have video footage or pam. i'm. we actually have photos of him. and i found out from the children that he was also wearing, i like waistcoat with pockets which he filled with loot. so we were calling 999 over and over and over again. we called the court. the court said that my warrant on the house and anyway, i'll bayless, we'll never ever do anything like that. we won't be allowed to do anything. so we then started to realize that there's some very, very old government. you know, we show you our days, you days,
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this man then said that he wouldn't let us back in our own house. i explained, i have to say and i needed to get back into my home. i needed to go to the toilet. he refused point blank to allow me into my own home food. everything i have been told was completely fine. the lay when the place time. i'm not show the place the pipe. what on the place, sy? this is an illegal eviction needs to be allowed back into your property. when we got back into the property, we saw that they had smashed the windows about home. they had found the lights, the height, the me, and the children difficult for that. because that was the day that they took out life
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i guess like many things in life that are truly life changing. life defining unless you've experienced that you don't fully understand it. so observe is around the outside kind of thing was the sort of a couple of friends source she, she really trying to kill yourself. so all about, you know, life snippet that bad, but they weren't in the quick sense. they were standing on the rocks around the pool. i,
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i am always surprised the number of visitors people immediately tell me about attempted suicide, nervous breakdowns. i'm. it's scott point where it's just, we kind of expected very common that people's marriages have broken up. they've lost their family homes. it is takia really devastating for people's lives. mm. type of fraud in this country according to bolts, which university is around about $193000000000.00 a year. just staggering. this isn't just the back of sort of in being involved in this is the concept. see firms. it is the lawyers. and it also is the insolvency practitioners and the value of land who have quite clear and came out from the house of commons, the base of undervalued the assets,
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accompanied by 50 percent. and very often this becomes very care because when they've been taken over, they themselves, the assets reply to what the value demand me. my name's jim, the exit failure from santana is about the hotel buttons, $970.00 twos. and it was basically a high t has over 10 years or so. i built up to 15 beds in the town thing and himself eating the boss. how did she think through 100? 20 run up to 2005, but decided those by myself by day i don't want to those sort of one and a half 1000000 to the money and gave it to the lay still blind to invest torment.
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when our 1st choice lay still buying, they were very helpful. i was all for the available one. so i was and sold a t v l. a tale with those muscle. and we said that had flexibility and we give you any movement you wanted. you could change if you wanted there seems to be that that all that the thought it had no contingency and it was what it was is what you got if you wanted to pay the one you had a big cause. if you want to devote more money, you had a big cause. there was nothing you could do. it was actually, it was basically a toxic alone. there's a pinball norm, as they called them, t v, else thought it was in some respect, effectually at noon with a variable because he had no idea what it was. and the figure would be whatever they produced. there was no way that you would be able to quantify or calculate
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that figure because you needed a degree in almost astrophysics. debbie, what we do falling comes in trends in a marker. none of us not on tape of us. we wanted to do was run the hotel do you think it would be better to have a full scale review but sales process to ensure that actually the many customers who are complaining feel there is a real form of regress. those are unforgivable very situations. carter have to take the customer testimony and face value, not something like that and has to be fixed and, and prescribed. i'm fascinated with your title, debbie. it looks like something created of the b, b, c, w one, a. the executive director, customer trust and confidence. yeah, why do you think or institution decided to create
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a particular title called executive director, customer trust and confidence? i think can people who radiate that there's no, there's things have happened in the past with the bank. the grit house pay for more one terabyte hard drive. there's all rule of banking emails on in there because who do you see on the claim? the thing. so today i have available to you today off receiving the people and i think it's 12345 laptops,
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will we have had thousands of businesses coming to the m p. 's trying to deal with disputes on the back of things like r b. s is global restructuring group. and obviously the h ball threading fraud is a much more extreme example of, of this kind of misconduct. but still essentially what we've identified between all the financial institutions, where perhaps they were trying to pull in loans quite quickly in order to recapitalize the banks that conduct fell by the wayside. ah, so you push the small business over the h pushes me right to the edge, bankruptcy and i was picking myself up again. and while i'm at corporate level,
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they came off to me under my personal guarantee. and they took me right to the edge of a high call action when they knew at the highest level of hbo lloyd's, they knew i was actually the victim of criminal behavior. and then you start to see that when the management, the senior management want to get heavy and get their result april in these 30 people. i would like to think the financial conduct or thought is on top of this, but they have known about this for a very long time and not much seems to be done. and i think that has slipped up badly. is the protection of whistleblowers who simply are not protected. we have new system to protect the so bless properly. and the whistleblowers be made rapidly
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redundant and people are very frightening. they'll verify the losing that pensions if they go on making a fuss. r b s orchestrated to key things one my suspension ah, despite me being the whistleblower and and to they put in place their own nominated effectively shadow directors which in itself is improper and under illegal and in not in that period. not only did the punish me for boring the whistle to them, but, but i also blew the whistle to the london stock exchange. the city of london police, the cds fraud office, because there was a counting anomalies were no beginning to look as if they were potentially fraudulent and criminal. so so i then became
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a protected person as a whistleblower, as designated by the director of the c distraught office. and they had to be can make claims that city of london, police are based ignored those legal protections and kept me on suspension for 4 months. during which they effectively to control the business through the shadow directors. they then put in their own advisors, thrown consultants and within 4 months, ah, the put the company into ministration. and then the assets trip that and sold the assets to service a bocce fund who are notorious in new york has been the lender of last resort. and the buyer of last resort for, for a total price, including all advisors fees of $204400000.00 pounds, 4 months earlier i was sitting on eat, offers from eat the biggest technology funds in the planet for in excess of
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600000000 pounds, so the allegation is, is that between our bias and service, they stole 400000000 in, in making an unjust gain to the loss of my shareholders. bon, told us employees and suppliers. oh, the rescheduled ocean with on what it says i middle august will start with any new slogan noise in the vehicle from a fresh which don't don't love would you think that that would because if that's something you would prevent them with the cool got us next fall presented over the upper properties was for what fin he,
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but on with the feel for years. right. what that to the what like you with nice seems to them often when he's got the west when like holding. so we'll do some post them for phillip teach them from the, from the news, or kind of what the stuff that the same i was given your cisco web logo slippery news. i will continue to 11 little scared, little squiggly with john coach if it, but are one. why do you think that us them, i mean, on i, besides that we still do . ah
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ah oh, when europe is mentioned, what do you think a place an idea, a commonplace with diverging ideas? maybe you think of the european union, think what you wish, but europe is in crisis. it most true is between being an ideological construct or a place with real people and real me and financial survival guide. daisy, let's learn about v allowed. let's say i'm at for any auto group. time greece, i'm baker fight wall street. broad. thank you for helping with enjoy that right. fill out your desk. slavery
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with police in norway say the bar and our rampage. that code 5 been calls bug appears to be a terrorist at time passing that the suspect had converted to islam and was previously flanked over signs of radicalization. also ahead with at least 6 people reported killed and dozens wounded in babe reed after gunman opened fire at a protest over the investigation into last year's deadly port explosion. danvers, a day dawned and they don't australian please bear the brunt of public anger at government tactics to watch over anti lockdown. activists with tight restrictions have driven a wedge for society. that tom, lighter nod.
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