From: Jason Smith, LLM
Date: 2008/10/2
Subject:
To:
ATTENTION
The Unclaimed Assets Register, UK, estimates that around £16 billion
($31.68 billion) in unclaimed bank accounts, uncashed checks, securities
dividends (shares, bonds and cash deposits), insurance policies (refunds
or claims) lies dormant within the financial system. A joint report issued
March 2007, by the British Bankers Association (BBA) and Building Society
Association (BSA) disclosed that approximately £5 billion from this
unclaimed money is sitting in dormant accounts across various financial
institutions in the United Kingdom. It is indeed hard to believe that such
large sums remain idle or lost without the rightful owner making valid
claims for their funds but the truth is, thousands of everyday, normal
people are due money. So, literally billions sit in unclaimed accounts
yearly and in some unfortunate cases where the owner dies without
inclusion of the asset or account in their estate this money is lost and
never gets found.You may ask how is all this connected to you and of what
use is this information. Please permit me to formally introduce myself. I
am Jason Smith, formerly an independent partner at an established law firm
in the United Kingdom and specialist in Wills, Trust and Estate Planning.
My last portfolio handled at this firm was asset valuation and advice on
estate planning to a foreign investor with high profile blue chip
investments. Compromising standards adopted by this firm after the death
of my client resulted in my voluntary resignation and foray into full time
private practice. The state of my clients investments at the aftermath of
his death is the reason behind this communication and I beseech your
audience. Until the untimely death of my client, he was a foreign investor
with diverse investments in bonds, stocks and high yield tax-free interest
accounts. I managed his investment portfolio in one of these finance house
(Nationwide Building Society) and proffered specialist advice on full
valuation and assessment, help with personal tax affairs inclusive by the
authority invested in Enduring Power of Attorney, Property and Affairs
(EPA) of this estate. Beside our business liaison, we had a very cordial
relationship and he confided in me private matters up till his death in
the tsunami tidal wave that engulfed South East Asia on that unfateful day
of December 26, 2004 while on holiday. This total asset worth £7.3
million ($14.5 million) is still held as pooled investment with
accumulated interest at this financial institution. Following due process,
banks are supposed to contact the Attorney-at-Law of a deceased estate if
the original account holder is dead. This was not the case with my
client's account before it became dormant (nil transaction account other
than those initiated by the bank) last year. The Building Societies
Association says three years is a common definition for its members to
consider an account dormant and treated differently from a live account.
With the UK Government's plan to seize the cash in unclaimed deposits in
bank and building society accounts for charitable purposes, financial
institutions including Nationwide Building Society were urged to launch
campaign to find the rightful owners or heirs of funds sitting in its
dormant accounts. This can be confirmed by clicking the link
http://www.banking-business-review.com/article_news.asp?guid=36174AC6-D554-4D5D-9762-37FBBDA88AB9
Given the development of multi-product relationships with account holders
and advances in technology, institutions are less likely to lose track of
lost heir accounts today. Set procedures in addition to regular mailings
have been put in place as well as pro-active searches undertaken to trace
immediate family of deceased account holders. I was confident this time
around that the family will be contacted overseas but my suspicions arouse
when this particular asset was not disclosed and no record was retained
for this account by the bank. I made this known to my partners and their
retort was that the bank decided not to disclose this investment account
in their record for claims because Government only intends to confiscate
money in accounts that have been left untouched for 15 years. My sense of
pessimism became palpable when I hard word from the brokerage security
firm managing the savings and investments that the finance house has
issued an ultimatum and requested collation of all invested securities and
return the principal in cash to the investment linked account at the bank
for redemption before account closure. Redemption by who? private coffers
of the bank directors presumably. I tendered my resignation at this
established law firm when they failed to investigate on this matter and
resolved that the account was effaced from the bank's account records for
privacy reasons as security asset to protect against invalid claims.
Under banking regulations this is a case of financial impropriety but my
partners failed to open an investigation on this issue which led to my
voluntary resignation. I have made a personal vow to claim the funds as
executor of my late clients estate and put this money to promote
charitable cause rather than allow avaricious bank directors loot these
funds. This is my relentless ambition and I solicit the assistance of a
person of integrity bearing a last name similar to that of my deceased
client. Hard copies of my late clients investment portfolio documents,
letter of authority with my name as Attorney-at-Law of his estate and
death certificate are in my custody. It is quite unfortunate that my
client died intestate without making a valid will. According to strict set
of UK intestacy rules, I can present you as beneficiary by virtue of legal
powers invested in me as PRs (personal representative appointed to manage
the estate when someone dies intestate). This is my proposal, but I am
only going to deal with a honest, trustworthy individual who knows his
value and sense of purpose. I have decided to make some information
“unknown” and confidential till am sure any willing partner actually bears
a similar last name. If this means anything to you, kindly send a reply
through my private email address: jasonsmithsolicitor@yahoo.de stating
your 'LAST NAME', 'AGE' and 'COUNTRY OF ORIGIN' only. I will contact you
within 2 days with overview of this proposal and full contact details if
your last name and age description meets my criteria for eligibility as
beneficiary. "Most people sometime in their lives, stumble across the
truth. Most jump up, brush themselves off, and hurry on about their
business as if nothing happened." I do not fall into that category of men.
Do you? I wait to hear from you.
Yours faithfully,
Jason Smith, LLM
Email:jasonsmithsolicitor@yahoo.de
Tell:+447045707204
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