Judas sellout by management company : cllass actions pending
Declaration of Trust
Hearing the management company (GD DT PD) without the mandatory consent required from beneficiaries and members just sold the API beneficiaries out and stole the goodwill of 1300 pilot members contributions to another insurance company .... the deal with the management company exists subject to a minimum of 1000 API members ....or the deal is off....( source verified Baymac representative sales) anyone heard same ?
High level legal investigations have begun.
The individual (s) of the Sovereign Corporate (BVI) Limited agent and names of the Members Of The Board ( MOB) of Aircrew Protection International Limited ( The management company) need to be disclosed and
Provide full disclosure to the aircrew protection international members and more urgently the beneficiaries
why the BVI account exists and who owns the account.
members and beneficiaries need to see full statements of account NOW.
How in legal sanity could the gross error of judgement by the manager of the API Sovereign Trust Guernsey (SH)agree to send by e mail to beneficiaries the expression of intention to reject and return June 2019 contributions to members and advise that no future payments from members would be accepted(1300 in number ) arrived at and executed in direct contravention to the manager of the trusts duty of care as defined in the declaration of trust legally binding document .’
in addition for those not keeping their eye on the ball and relying on individuals to whom they may have unwittingly given effective power of attorney, be aware :
Sovereign Trust are legally bound to disclose the responsibilities of the management
company to the members and beneficiaries alike on demand.
The API rules also require full statements of account each year to be published to members and beneficiaries.
The management company of aircrew protection international and API Sovereign Trust Guernsey Limited have failed to issue these full records of account as stated clearly in the API rule
Beneficiaries may also not be aware that the current aircrew protection international rules allow the management company and API Sovereign Trust Guernsey Limited to use the beneficiary fund to defend itself.
This may explain but not justify the cocky “if you want certain information sue us “ legal stance taken by counsel AC at F&F engaged by the management company of API and API Trust thus far .
Last edited by Bogelbogelbogel; 9th Aug 2019 at 04:56.
Reason: Additional information