The Kaupthing expat depositors who have lost over £50,000 of their life savings are concerned that other people should be aware of the risks they face by depositing on the Isle of Man. They would not wish anyone else should experience the terrible life they have had since October 2008 when the bank lost its licence and closed its doors on them. Their money had been lost by the bank's directors when the directors made the grossly irresponsible decision (backed by the Financial Supervision Commission) to place unprotected over half the bank's assets into KSFUK which went into administration.
Consequently depositors are now posting videos on Youtube to warn people of the risk of banking on the Isle of Man. Their message is simple: DON'T BANK ON THE ISLE OF MAN. The videos may be viewed HERE