A DODGY financial adviser accused of ripping off expats in Spain was struck off from his role as a broker for a major European bank, it has emerged.
David Driver, boss of Offshore Investment Brokers (OIB), lost his job with Scandinavian lender Sydbank in 2008 after it accused him of trying to persuade its customers to sell their existing investments in favour of products they promoted.
The agreement – seen by the Olive Press – made clear that providing advice to customers about products and services were solely matters for the bank.
In a letter to the pair, the Danish bank cited ‘a severe violation of our agreement and an irreparable loss of trust’.
It follows the news that expat customers of Driver through his Estepona-based firm OIB have formed an action group.