04/06/2014

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:00:00. > :00:18.over on the BBC New3 Chafnel. But now on

:00:19. > :00:22.thousands in a fraudulent property schema will not receive govdrnment

:00:23. > :00:26.compensation. Three financi`l advisers and a former judge were

:00:27. > :00:35.jailed for tricking 57 investors into purchasing the parties in

:00:36. > :00:37.Florida. `` properties. An independent review suggested that

:00:38. > :00:44.the financial regulator could have intervened earlier. These mdn were

:00:45. > :00:51.jailed in 2012 Ford defraudhng copper T investors out of htndreds

:00:52. > :01:01.of thousands. `` property investors. It seems that the victims whll stay

:01:02. > :01:09.out of pocket after the States voted against paying compensation of 0

:01:10. > :01:15.thousand pounds each. Have we got a result? Yes and no,

:01:16. > :01:21.financially we have not, and that was the object of the proposition.

:01:22. > :01:27.Some of the investors were listening to the debate. Allen lost ?40,0 0

:01:28. > :01:32.even though he thought he w`s getting sound financial advhce. You

:01:33. > :01:38.trust these people, they ard regulated. It is not as if they are

:01:39. > :01:43.not regulated by the financhal services commission, they are.

:01:44. > :01:46.But an independent report commissioned by the States revealed

:01:47. > :01:52.that had the financial servhces commission made their consent

:01:53. > :01:57.obligate a year before they did `` their concerns public, many would

:01:58. > :03:46.not have invested. If action had been taken at

:03:47. > :03:48.the 25 staff were yesterday told they will be out of a job. We have

:03:49. > :03:52.put together a redundancy stpport package that we think will cover

:03:53. > :03:56.everything they need. And you will not close for another eight months,

:03:57. > :04:04.so they have 20 of time to find alternative employment. `` plenty.

:04:05. > :04:10.It is a sad day, like a bereavement, I suppose, we `re very

:04:11. > :04:14.aware of that. It may be business as usual today

:04:15. > :04:21.but the countdown to closurd will now begin.

:04:22. > :04:30.Meanwhile, islanders are dohng more online shopping than ever bdfore. A

:04:31. > :04:36.survey of Neil `` 700 peopld showed that each household spent ?7,00

:04:37. > :04:40.online last year. Yesterday we told you about a young fisherman's

:04:41. > :04:45.apprentice scheme that got just two applicants. Today we hear from

:04:46. > :04:51.someone who has quit the industry after a decade at sea. Severe storms

:04:52. > :04:55.left many out of pocket and support from the States has been slow in

:04:56. > :05:01.materialising. We met one m`n who needed to find a new career to pay

:05:02. > :05:05.the bills. He has not done this for long but is

:05:06. > :05:13.grateful for the job. A fisher man by trade, then has had to fhnd other

:05:14. > :05:17.work to pay the bills. Therd were not enough days we could get out at

:05:18. > :05:23.siege in January and February. It left us with a lot of damagd and

:05:24. > :05:43.gear which we were not even able to retrieve.

:05:44. > :05:46.Ben has found it tough. I ddcided I had to find something more steady to

:05:47. > :05:51.keep myself going and pay the mortgage. The government have

:05:52. > :05:57.promised to help Island fisherman after a disastrous winter btt many

:05:58. > :06:00.are still waiting. None of it has filtered through

:06:01. > :06:06.which is why some of the guxs are struggling. But I do know that some

:06:07. > :06:12.officials are working within the States to make sure it happdns in

:06:13. > :06:22.the near future. He hopes one day to return to fishing. For now, life

:06:23. > :06:26.online. `` on land. Panoram` follows. I am back at 630 AL

:06:27. > :06:33.tomorrow. I leave you with the weather forecast.

:06:34. > :06:40.After the cold wind and showers today tomorrow is warmer. Wd should

:06:41. > :06:49.get some sunshine as well. Puite a nice day. Fine and dry. Still some

:06:50. > :06:56.showers tonight. They will eventually fade away. Clear skies.

:06:57. > :07:03.Low temperatures. Single figure temperatures. Tomorrow, much

:07:04. > :07:11.brighter. Sunny spells. Increasing cloud will make the sunshind hazy.

:07:12. > :07:19.It's looking like pretty good temperatures, 17 or 18. Even warmer

:07:20. > :07:24.by Friday. 20 to the top. Thereafter, heavy showers. Good

:07:25. > :07:42.night. couple of days. You may have just

:07:43. > :07:49.heard the mention of the risk of storms at the weekend in regional

:07:50. > :07:50.forecasts. That depends on how this cloud in the Atlantic interacts