I would leave politics out of this issue. The information we have is that there are investors from both sides of politics.

The products offered 3-4 years ago were of reasonably good quality.

However, recent products were practically junk-rated. This caused a false sense of security in investors. Crystal finance tried to make excessive profits (5-6% on some products) at the expense of their clients, by taking excessive risks.

Recent actions taken by crystal finance indicate they are on the brink of insolvency.

Their are more bubbles which are *very likely* to burst in the near future such as investments in Ekotechnika GmbH and possibly also Rickmers GmbH.

Although Allcare and Crystal Finance are separate entities, the trustworthiness of their management is unfortunately hitting the bottom.

With coupons of 4.5% – 5%, Crystal Finance should have invested in investment-grade companies.
Instead they invested in junk bonds, so that they could make a quick buck.

It is like playing in a casino with other people’s money.
They never advised their clients of the high risk investments that they were making. This practically amounts to fraud.

A quick answer to this:

Crystal Finance coupon was around 4.5% indicative of a low risk investment.

However, Crystal Finance was investing in bonds with a coupon of 7 – 10%.

They were playing with people’s money.

To add insult to injury, they did not inform their clients in time that the respective investments were being downgraded. That would have saved millions of euros of Maltese people.

They acted in a greedy way, risking people’s money and making a quick buck.

This will be one of the issues which will be brought to court.

https://www.facebook.com/pages/Crystal-Finance-Investments-MALTA-complaints/812749918787475?sk=info&tab=page_info

Clients are invited to submit info at:
crystal.finance.complaints@gmail.com

We will be compiling evidence for the following non-compliance of Crystal Finance Investments:

1. CFI has included products in their investments which were not suitable or were of high risk in nature;

2. CFI did not act diligently in that no timely advice was given on the status of their products

3. CFI was investing in products of high risk nature exposing their clients to substantial risks,
while the clients were paid coupons which were
indicative of low risk.

4. CFI charged excessive rates when the clients
tried to redeem products which were problematic in nature.

5. CFI did not explicitly state and communicate the high risk nature of their investments to their clients, prior to when investment was carried out.

In particular, we would like to invite clients of CFI which hold products containing the following investments:

MOX Telecom GmbH
RENA GmbH
Ekotechnika GmbH
Rickmers GmbH
MAG IAS GmbH

We invite any other clients who might have other problematic investments related to Crystal Finance Investments.

so do I

Will his master, Johnny Cash, instruct him to?

That, Grace, is exactly my point. Crystal Finance’s clients were badly advised – if they were advised at all.

That, is the question.