Baron Rothschild Indicted in France for Fraud*
By Rob Horgan
French police have been ordered to track down one of Europe’s wealthiest aristocrats over a fraud involving hundreds of British pensioners.
Baron David de Rothschild has been indicted over the allegations after the victims, mostly expats living in Spain, bought into his loan scheme.
The banking magnate will now be questioned in his native France five years after a Marbella-based law firm began legal action against him.
French police have been told by a judge in Paris to track down the wealthy scion who has various homes in the country.
The case involves his company, the Rothschild Financial Services Group, which stands accused of falsely advertising an equity release loan scheme, bought into by more than 130 pensioners between 2005 and 2008.
More than 20 British pensioners in Spain took up legal action against Rothschild’s company after losing…
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