Sunday May 31, 2020

Investors fear Ulster Bank will pursue them for loans

Investors in the now worthless Crystal Property Fund fear that Ulster Bank will pursue them for every cent they owe, after the bank declined to accept an offer of 80 cent in the euro from one investor who borrowed to invest in the scheme.

1st January, 2011
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Investors in the now worthless Crystal Property Fund fear that Ulster Bank will pursue them for every cent they owe, after the bank declined to accept an offer of 80 cent in the euro from one investor who borrowed to invest in the scheme.

The investor is one of 133 who put €40million in Friends First’s Crystal Property Fund.

Their entire investment has been wiped out, but many of the investors still owe Ulster...

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