The potential dangers of Get Rich Quick property investment schemes have been highlighted once again, this time by an MP.
Some 18 months ago the Daily Telegraph reported that army veteran Danny Butcher had taken his own life following participation in a course.
The newspaper made clear that there was no evidence that the suicide was connected with the course but stated “the appeal of such courses to vulnerable people who may already be in financial difficulty.”
Now Nick Fletcher, Conservative MP for Don Valley, has raised the case in a Facebook post highlighting the need for guidance for military veterans.
Fletcher wrote: “Today I asked the Minister for Veteran Affairs, Leo Docherty MP, what the Ministry of Defence is doing to ensure that departing service personnel are given guidance on how to avoid questionable money-making schemes and fully integrated into civilian life once they are discharged.
“This comes after the tragic suicide of Danny Butcher, a British Army veteran who sadly took his own life after investing in a dubious scheme that saw him lose his savings.
“I want to ensure that this does not happen to any veterans in the future.
“Our servicemen and women have put their life on the line to keep our country safe. It is therefore paramount that the MoD ensures that everyone who leaves the Armed Forces has the ability to thrive in civilian life.”
In his response the minister says: “Every veteran’s suicide is an absolute tragedy, and we must seek to learn lessons from this. We are working to ensure that all service leavers have adequate financial educational awareness…specifically with regard to debt, household financial management and mortgages.”
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