Mauritius Scam: Cancer-Stricken Man Loses £3.3 Million Life Savings
Between May and June 2019, coinciding with his wife’s spinal cancer diagnosis, all of Mr. Franklin’s money disappeared and it was too late when he discovered the scam!
A property developer named David Franklin faced a devastating situation when his entire £3.3 million life savings were swindled by fraudsters in Mauritius.
His plans to retire to Kerala, India, were shattered due to this financial loss.
The incident occurred while his wife was battling cancer, adding emotional strain to their already difficult circumstances.
Background and Trust:
Mr. Franklin invested his money in Mauritius based on advice from British financial advisers. Mauritius was considered an ideal meeting point between UK and Indian banking systems.
He entrusted his funds to a Mauritian financial asset management company called Finsburey Management Service Limited, run by two brothers.
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Asir Fatagar
The Swindle:
Between May and June 2019, coinciding with his wife’s spinal cancer diagnosis, all of Mr. Franklin’s money disappeared.
Hackers impersonated his email address and sent messages authorizing bank transfers to accounts in China.
Shockingly, the trustees transferred £3.5 million to a Chinese bank without communicating with Mr. Franklin.
Emotional Impact:
Mr. Franklin described the situation as life-destroying. His wife worried about their future. The couple had dreamed of retiring to Kerala, India, after saving money for 20 years.
Despite the challenges, Mr. Franklin seeks legal recourse to recover his stolen funds.
This heartbreaking case highlights the devastating impact of financial scams on individuals and their families. It serves as a cautionary tale about the importance of vigilance and due diligence when managing substantial savings11. 🌟💔