Rosenblatt
  • About
    • Memery Crystal
    • Investors
  • Services

    Services

    Rosenblatt is a disputes powerhouse. Competitive in the best sense, our teams provide incisive specialist expertise and collaborate closely with one another to meet our clients’ needs across the full spectrum of their activities.

    • Dispute Resolution
    • Construction, Engineering and Energy
    • Corporate Investigations
    • Debt Recovery
    • DLT, Digital Assets, and Tokenisation
    • Financial Crime
    • Financial Services
    • Insolvency & Financial Restructuring
    • International Arbitration
    • Probate & Wills
    • Serious & General Crime
    • Tax
    • Non-Contentious & Advisory
  • Insight
  • Events
  • Group Litigation
    • Amazon Legal Action
    • Property Investment Scheme Claims
    • Apple Class Action
  • Contact

Pension Investments | German Property Group | Rosenblatt’s Financial Crime Team

15th December 2020

On 1st December 2020 it was reported that millions of pounds held by failed property investment company German Property Group (GPG) has not been returned to investors.

FCA and FSCS Investigation | Rosenblatt’s Financial Crime Team

GPG, formerly known as Dolphin Trust, began filing for bankruptcy in July 2020 and is currently in administration. It is estimated to owe £1bn, with at least £378m owed to UK investors. It promised high interest payments and a return of original capital investments by using investors’ pension savings to buy derelict listed buildings across Germany, turn them into flats and then sell them to German buyers. It was reported that not enough buildings were developed to pay back the loans.

Evidence has also been uncovered suggesting loans were paid to director Charles Smethurst and his family, including €9m paid to a company run by Mr Smethurst’s wife and that some investors were paid back using other investors’ money.

The Financial Conduct Authority said it “is aware that UK consumers have invested in GPG, either directly or via a self-invested personal pension scheme (SIPP) or small self-administered scheme (SASS) arrangement.

“We are working closely with the Financial Services Compensation Scheme (FSCS) and the Ombudsman service on this matter and will be issuing further information as the situation develops.”

Rosenblatt can help

Rosenblatt has a wealth of experience in financial crime and is uniquely placed to support clients that are the subject of Private Prosecutions or investigations by law enforcement having been involved in some of the most high profile investigations into multi-million-pound, cross jurisdictional fraud cases in the UK.

https://www.rosenblatt-law.co.uk/services/financial-crime/#financial-crime

https://www.rosenblatt-law.co.uk/services/serious-and-general-crime/

https://www.rosenblatt-law.co.uk/services/financial-crime/#private-prosecutions

Post navigation

The Government’s Consultation on Non-Compete Clauses
Job Fraud | Unemployment Crisis | Rosenblatt’s Financial Crime Team

Categories

  • Articles
  • News
  • Videos

Topics

  • Banking & Finance
  • Competition & Regulatory
  • Corporate
  • Dispute Resolution
  • DLT, Cryptocurrencies and Crypto Assets
  • Employment
  • Financial Crime
  • Financial Services
  • Insolvency & Financial Restructuring
  • International Arbitration
  • Investigations
  • IP/Technology/Media
  • Real Estate
  • Tax
Rosenblatt
  • +44 (0) 20 7955 0880
  • info@rosenblatt-law.co.uk

Helpful Links

  • Anti-Modern Slavery Statement
  • Complaints Policy
  • Diversity & Equality
  • Interest
  • Pricing
  • Subscribe to our Mailing List

SRA No. 820215, authorised and regulated by the Solicitors Regulation Authority.

Ce Logo
Uk Top Tier Firm 2026

Rosenblatt is a trading name of RBG Legal Services Limited, a company registered in England and Wales (with company number 13287062) and which is authorised and regulated by the Solicitors Regulation Authority under SRA No. 820215. A list of the directors of RBG Legal Services Limited, together with a list of those persons who are designated as partners of Rosenblatt, is available for inspection at the registered office of the company at 165 Fleet Street, London EC4A 2DY.

Rosenblatt uses the word “partner” to refer to a senior employee or consultant. However, Rosenblatt is not a partnership and the use of the term “partner” does not create or imply a partnership amongst or between any of its employees or consultants.

© 2025 Rosenblatt

  • Privacy Policy
  • Cookie Policy
  • Terms & Conditions

Website by Brighter*IR

link

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

Rosenblatt
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookies should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Performance cookies

These cookies allow us to count visits and traffic so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Cookie Policy

More information about our Cookie Policy.