The Isle of Man has branded the failure of Kaupthing Singer & Friedlander IOM (KSFIOM) an "unfortunate, isolated event" as a grass-roots YouTube campaign against the jurisdiction grows.
A plethora of anti-Isle of Man videos have sprung up on video website YouTube attracting nearly 19,000 viewers, since expat pensioner "Fleeced 2008", recorded an anti-Isle of Man video , first covered by International Investment, about one month ago. The growth of the campaign has not shaken the Isle of Man, which says the depositors compensation scheme (DCS), designed to provide cash to depositors trapped in the bank since October, begins today. The DCS is due to return 75% of depositors' cash in full, with the liquidator's first dividend following shortly afterwards. John Spellma...
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