exclusive
EXCLUSIVE: Funeral Plan Boss Died ‘a Sad And Lonely Man’ And Lived Anything But A Luxury Lifestyle – Olive Press News Spain
‘HE died a sad and lonely man,’ a friend of Stephen Nelson, the founder of defunct company Iberian Funeral Plans, told The Olive Press.
The friend, who asked to remain anonymous, said Nelson was ‘anything but a rich man’.
The British pal, who knew him for a number of years, revealed his funeral took place in Faro on March 5, with ‘just four people’ in attendance.
This included his eldest daughter, who flew out from the UK, as well as a couple of local friends.
He had died at a hospice, near Faro, at the end of February after falling seriously ill.
The pensioner, who has lived in Spain for a couple of decades, added Nelson had been very unwell and had been suffering from chronic diabetes for years.
“He had his foot amputated from the disease about five years ago. He was very ill,” he added.
The friend, who is also a victim of the funeral company collapse, insisted Nelson had lived a very ‘unassuming and inconspicuous life’ in Portugal.
He had only gone out for a coffee or a supermarket trip once a week, disputing previous speculation he had lived a ‘lavish’ lifestyle.
“He never lived a jet setter or affluent lifestyle. He was always at home,” he said. “Every morning he would have two coffees and a cheese and ham sandwich in his local cafe. That was it.”
He continued: “I am hurting, the same as many of your readers. We have two, fully paid-up Iberian policies that are now obviously worthless.
“But the business certainly wasn’t just him. He took a backseat for a long while because he was ill.”
The Olive Press understands there were various other figures running the business over the last few years, including former family members in Spain, and at least one administrator, who lives in Velez Malaga.
We have tried to contact others involved in the company, but so far they have not responded.
Incredibly, the company website is still online, although the firm has not been responding to any emails for the past month, and its telephone lines run dead.
Iberian itself has offered no confirmation, nor any information at all, to its customers on the company’s apparent collapse.
READ MORE:
Costa Blanca
EXCLUSIVE: British fashion boss Jodie Smart found guilty of €35m fraud after scamming thousands of expats out of their retirement savings in Spain
By Jon Clarke and Walter Finch
SHE was best friends with TV star Denise van Outen and had more shoes than notorious Filipino first lady Imelda Marcos.
But the glamorous life of fashion designer-conwoman Jody Smart has come to an abrupt end after she was found guilty of fraud in Spain.
Smart – aka Jodie Pearson – will now swap first-class trips to New York’s fashion week for a Spanish jail cell for the next three-and-a-half years for her part in the notorious €35 million Continental Wealth Management fraud.
The scammer has also been ordered to pay out a combined €370,000 to just two of the roughly one thousand victims over the next 15 days.
Smart – who describes herself on Instagram as a ‘fashion designer, wellness expert, philanthropist, wedding planner’ – runs an upmarket beach club, Oceana, on the Costa Blanca.
Victims claim she founded her fashion label and restaurant in Benissa off the back of the thousands she scammed out of unsuspecting expats through the CWM investment fund.
On her Instagram page she has flaunted her glamorous lifestyle in numerous foreign resorts over the last year, including expensive holidays in Venice, Greece and Thailand.
The victims meanwhile – at least one who committed suicide after losing his life savings – have had to wait nearly a decade for justice after a series of delays at the court in Denia.
READ MORE: Shock for hundreds of expat victims as court dismisses giant €35 million CWM pension fraud case
Smart was listed as the director of CWM when it collapsed in 2017, but ex-husband Darren Kirby, who was thought to be the mastermind, has so far avoided prosecution.
Incredibly, at least half a dozen other employees and senior figures have also yet managed to evade justice.
But, the sentence, which was issued this week by Alicante’s Audiencia Provincial court, is seen as a massive victory for the victims and could now open the floodgates to many more.
One lawyer, who the Olive Press has worked alongside, to expose the case and bring justice to them, Angie Brooks, said she was ‘delighted’ at the judgment.
“It’s great news, I’m happier than I’ve been in seven years,” said Brooks, who oversaw a long complicated class action against the pair.
“It’s been a seven-year battle, back and forth to the court in Denia from my home in Granada and it’s cost me a fortune in legal fees.
“At least some justice has been done and she will have to cough up nearly half a million euros in damages and fees.”
As for the others involved, they have so far evaded justice.
“Incredibly, Darren Kirby and a few others have managed to get off as he was not a director or a shareholder in the company,” rued Brooks.
A separate court in Denia ruled in 2023 there was ‘insufficient evidence’ to prosecute four executives in a decision that devastated the victims.
“I spent three years trying to bring a criminal case against the whole bunch for fraud for the transfer of pensions and money sent to Malta, but it was complicated,” explained Brooks.
“I don’t think the judge could get her head around it and threw it out.
“Now we can bring a much bigger, stronger case against them.”
She continued: “I’ve got new lawyers and, unsurprisingly, they are raring to go on this. This will send out a shuddering message to the pension industry. It is coming down the line now.”
The Olive Press is aware of other cases being brought in the Isle of Man, but they are civil cases.
We were unable to speak to Smart before going to press, but previously when asked about the case her current husband Franco Pearson told us: “Go get a life”.
She will likely appeal the judgment, but may have to do it from behind bars.
Growth Fuels Budget Boom
Drones For Environmental Protection
Eight Films And Series About Pope Francis
-
New Developments2 weeks agoStylish 3-Bedroom Apartment With Panoramic Sea Views – Benalmádena
-
New Developments2 weeks ago🌅 Stunning Penthouse With Panoramic Sea & Mountain Views Benalmádena
-
New Developments2 weeks agoGet Ready To Own Your Dream Home In Benalmadena 2024
-
New Developments2 weeks agoInside The Most LUXURIOUS Apartment Building In Spain!
-
New Developments2 weeks ago3 Bed Townhouse For Sale In Benalmadena – €349,00
-
New Developments2 weeks ago5 Amazing Features Of THIS Benalmádena Townhouse You Won’t Believe!
-
Barcelona2 weeks ago
Manifestaciones Por La Vivienda, En Directo | Casi 40 Ciudades Se Movilizan Contra El Precio De La Vivienda
-
FDT2 weeks ago
Move Over Benidorm: Valencia Has Been Crowned ‘queen Of The Mediterranean’, According To British Travel Expert – Olive Press News Spain
