Unfairpak Forum - How Farepak Stole Christmas

On Friday 13th Oct 2006 - Farepak Hampers went into administration. Over 100,000 customers were told that no food hampers or vouchers or other goods will be supplied this Christmas as promised, and no refunds! Share your thoughts here...
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PostPosted: Tue Nov 20, 2007 8:45 pm 
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Sue about as accurate as a telephone quiz line. :cry:

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 Post subject: Re: Guardian
PostPosted: Wed Apr 16, 2008 9:02 am 
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His government found billions to bail out Northern Rock, but refused to find the £40m to refund the struggling families who had saved for Christmas clubs through Farepak.



http://www.guardian.co.uk/commentisfree ... own.labour


Here we go again! :roll:

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 Post subject: Re: Guardian
PostPosted: Wed Apr 16, 2008 12:43 pm 
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 Post subject: Re: Guardian
PostPosted: Wed Apr 16, 2008 2:30 pm 
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:roll: :roll: Same old , same old :roll: :roll: His government found billions to bail out Northern Rock, but refused to find the £40m to refund the struggling families who had saved for Christmas clubs through Farepak.

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 Post subject: Re: Guardian
PostPosted: Wed Apr 16, 2008 7:46 pm 
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Never wished for the goverment to bail us out, the scum that caused us all so much heartbreak should.

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 Post subject: Re: Guardian
PostPosted: Wed Apr 16, 2008 8:23 pm 
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sue7 wrote:
:roll: :roll: Same old , same old :roll: :roll: His government found billions to bail out Northern Rock, but refused to find the £40m to refund the struggling families who had saved for Christmas clubs through Farepak.


the above comment says it all - this is why we are now debating the Northern Rock versus Farepak yet again because the papers make the comparison when there is NO comparison to make :roll: :roll:

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 Post subject: Re: Guardian
PostPosted: Wed Apr 16, 2008 11:45 pm 
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Think Tracey sums it up perfectly imo. As David says those who caused the problem in the first place should be the ones to pay us back not the government!

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 Post subject: 14/05/08 coverage
PostPosted: Wed May 14, 2008 7:47 am 
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The Guardian

http://www.guardian.co.uk/money/2008/ma ... meraffairs




Farepak savings bosses may face prosecution

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David Hencke, Westminster correspondent

The Guardian, Tuesday 13 May 2008
Article history



The government may take legal action against the directors and accountants behind Farepak, the Christmas savings club which collapsed leaving 150,000 people short of almost £40m in savings.

Gareth Thomas, the consumer minister, said in a statement to MPs that an investigation into the firm by the companies investigations branch of the Department for Business, Enterprise and Regulatory Reform (BERR) had been completed and its results passed to independent lawyers to see if prosecutions should follow.

Thousands of people, many of them on low incomes, lost savings when the Swindon-based firm went into administration in October 2006. The average loss was about £400 but some people lost more than £2,000.

Some 122,000 customers and agents have put in claims totalling about £38m, but have been warned to expect to recoup just 5p for every pound they are owed.

Thomas told MPs yesterday: "The collapse of Farepak was dreadful for the thousands of people who lost money. The government is working hard to prevent other families suffering similar problems in the future.

"We initiated a comprehensive investigation to establish the facts. We are now getting legal advice on whether there are grounds for further action.

"If proceedings are taken against any party involved, this will become public knowledge if or when the case reaches open court. We will do everything in our power to process this quickly."

The report runs to 700 pages but will not be published as it is a criminal offence to disclose its findings in advance of any investigation.

Thomas also promised new regulations to prevent a similar collapse in future. He said: "We are doing all we can to prevent other families suffering similar problems in the future."

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PostPosted: Wed Oct 08, 2008 10:05 am 
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Like this article

http://www.guardian.co.uk/commentisfree ... ch.banking

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PostPosted: Wed Oct 08, 2008 10:15 am 
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Very true =D>

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PostPosted: Wed Oct 08, 2008 3:01 pm 
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" The only effective way forward is for the regulators to take direct responsibility for auditing banks and financial institutions " Very very true

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 Post subject: Re: Guardian
PostPosted: Sun Dec 21, 2008 11:21 am 
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http://www.guardian.co.uk/business/2008 ... investment

So negative :? she called yesterday re fees and I asked her "why not focus on the positive aspect of the CPA"? Obviously NOPE not the story she wants - very boring!

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 Post subject: Re: Guardian
PostPosted: Sun Dec 21, 2008 11:43 am 
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As usual mate they print what they want, at least the independent gave a mention to the CPA :)

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 Post subject: Re: Guardian
PostPosted: Sun Dec 21, 2008 1:16 pm 
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sharon wrote:
As usual mate they print what they want, at least the independent gave a mention to the CPA :)


Yip the Independent's article was much better glad they mentioned CPA - notice they still focus on banks and building societies though - they seriously still just do not "get" it :?

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 Post subject: Re: Guardian
PostPosted: Sun Dec 21, 2008 2:51 pm 
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Nope might as well be ](*,) ](*,)

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