InvestUS and Exit Strategy Claims Guide
An investment in overseas property firm InvestUS (Or Real Estate Investments USA Plc) seemed like a dream pension opportunity for many UK investors.
People saw the apparent potential in buying up repossessed properties across various US locations, having them renovated and then letting and selling them on.
InvestUS brochure literature indicated that investors saving for their pension (usually through a SIPP – Self Invested Personal Pension) could look forwards to 15% returns in just 3 years – more when the money was re-invested into further properties, from Detroit through Florida and Chicago.
But…
Many investors reported that payments of returns had stopped – something appeared to be going wrong with InvestUS…
The property firm carrying out the developments were not completing the work they said they were, leading to a, indefinite delay in profits for investors…
Many people were mis-sold their InvestUS and Exit Strategy investments through SIPP pensions, and while many of those people have gone on to make successful mis-sold pension claims, others are yet to make their move.
Get StartedCan you claim for InvestUS mis-selling compensation?
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of InvestUS investments via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.
If you:
- Transferred your pension to a SIPP
- Invested in InvestUS, Exit Strategy or other high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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InvestUS timeline of events
2013 - Company Formation
Real Estate Investments USA PLC formed in April 2013 with Steven Wright as Director.Money is invested through cash investors in the UK, as well as through SIPP pensions.
2016 - Celebrity Endorsements
Investors began to report missing payments, and Wright found that the company paid to carry out the house refurbishments had not completed the work it said it had.
InvestUS won the law suit against Right Buy Properties, who were ordered to pay InvestUS in the form of 79 properties.
Despite this, the delays in payments to investors continued.
2016 - Cherish Wealth Management
Meanwhile in 2016, Cherish Wealth Management, and financial adviser related to the InvestUS SIPP saga went into liquidation.
Steven Wright was also a former director of Cherish, but denied a conflict of interest.
