Victims who lost properties, life savings and pension pots after being swindled by currency exchange company Premier FX have been fighting to get their money back since 2018.
The company’s bank, Barclays, have been fined over £783,000 for failing to exercise “due skill, care and diligence” in its dealings with Premier FX, and has now paid millions more to fully redress victim’s losses.
Premier FX collapsed in 2018 after the sudden death of owner and Algarve resident Peter Rexstrew, and administrators soon discovered that £11.2m of customers’ money was missing.
See the recent report on Sky News.
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