Report: #755525

Complaint Review: KBS Overseas Property

  • Submitted: Wed, July 20, 2011
  • Updated: Wed, January 23, 2013
  • Reported By: Debbie — UK Internet United Kingdom
  • KBS Overseas Property
    Avenida Tivoli Edificio Europa Loja 3 8125 - 410 V
    United States of America

KBS Overseas Property Khes Smedley; Portugal property; Spain; Cyprus; Turkey; Rip off; kept holding deposit; complaints; scam; MRI; marketing look KBS and the owner, to our knowledge, Khes Smedley have stolen 12,000 euros from us. Please be aware of the scam these people are involved in. Vilamoura, Internet

*Consumer Suggestion: MRI fraud

*Consumer Suggestion: Your solicitor in Portugal

*Consumer Suggestion: MRI Tactics used by KBS

Show customers why they should trust your business over your competitors...


We write in distress to the fact we have lost 12,000 euros that Khes Smedley and his company will not return to us. We came across this man at a property show in Manchester and ever since have regreted to the full that we did. He at first appeared to be a well trained professional albeit his appearence at first scared us due to his over bearing stance.

For weeks we were hounded with phone calls as he tried to convince my husband and I that our dream of owning 1 property in Portugal could be realised through his company, that they were totally different to the other agents in Portugal and would never have to worry about the security of our money. We finally gave in, which looking back was a very stupid move, and decided to take a trip to Portugal to look at properties, that 5 days has now cost us nearly 13,000 euros including the money we spent on 'reserving' 2 properties and the expenses of the trip.

Khes and his people come across like the nicest people in the world at first, of course, they wanted our money and would do anything to get it. We dreamed of owning a property in Portugal for our own use and if the investment was solid over the next 15 years or so then that would be an added bonus, it was not our priority.

Throughout our time there and looking back there agenda was simply to extort as much money from us as possible. We were pushed into a corner to buy 2 properties because the 'investment' was a 'no brainer', deals of the century we were told. The lawyers we were introduced to by Khes were obviously working in his pocket. They are not responding to our calls now as they say our reservation fee was never given to them although we signed the paperwork in their presence but the money went straight to KBS.

Upon having the contracts read by our lawyer in the UK she spotted huge flaws, contradictions and a complete lack of security for us. The fact that the translations from portugese to english was massiveley incorrect did not help our cause.

Khes Smedley and his team now refuse to take our calls and do not reply to our emails. They say we back out and so they are within their rights to keep our money. Would they do not admit is that the contracts are not what they said they were. Upon ionvestigation the rental they promised we would get is not even 30% of what we would actually get. The finance options are not there from the banks like they guaranteed they were. All in all they make money from people who, stupidly, have not done enough research.

To make things worse we have now done further research into Khes Smedley and our shocked to see he used to work with Darragh Macanthony, of MRI property. You only have to google search these names and you will see what seems to be thousands of people have lost life savings and are involved in trying to form a class action against the company and lawyers in question.

All we can say is that we admit our stupidity in this matter, are thankful that we have only lost 12,000 as opposed to 120,000, and advise anybody considering buying an overseas property to spend hours investigating who they are dealing with, take time to look at properties yourself rather than with an agent and NEVER use the lawyer that an agent says for you to use.


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This report was posted on Ripoff Report on 07/20/2011 01:40 AM and is a permanent record located here: The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Suggestion

MRI fraud

AUTHOR: simo68 - (United States of America)

Dear Debbie,

I am writing to you in regards to your case with MRI. I am not sure about your current situation and if you had received back the money you invested with MRI.

If not, and you have lost their faith after the decision of the Judge  Beatriz Fernandez to drop the case due to a lack of jurisdiction, it is possible to bring the case in UK and take to court Darragh MacAnthony once and for all.

If you wants to get your money back, please contact us, CPC Holding, for further information.

Tel: +44(0) 191 386 2487


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#2 Consumer Suggestion

Your solicitor in Portugal

AUTHOR: J - (United States of America)

Hi, My name is John.

I would suggest you lawyer in the UK contacts the board of solicitors in Portugal to present a complaint towards this solicitor who was meant to help you and be independent and not defend KBS by suporting their rip-off.

Ou can either contact for lawyers or for solicitors. You have to check in which of these boards he is registered under.

Regarding KBS I wold suggest you complaint directly on these entities: - the board of estate agents if they are registered - portuguese consumer association - the inspection services for fraudes and rip-off situations

I have been in contact with a few people here in the Algarve with the same story as you, where they were pushed to loose 6.000 eur on reservation fee or even left out of the hotel in the Algarve and threaten because they did not took a decision within the 3 or 5 day inspection trip.

I would really suggest you use a local agent in the future and do not go via a international agent with inspection trip.

Good luck,

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#3 Consumer Suggestion

MRI Tactics used by KBS

AUTHOR: Cpcholding - (United Kingdom)


My name's Alannah, and we help people throughout the UK. We have had many enquiries about MRI here in the office which have led to a good bit of research. It has now been added to our (very long) list of problem companies, as has the name Khes Smedley.

We are helping one client in particular to get his money back through our "No Win, No Fee" scheme, and we would like to help others. The wording "no brainer", the dodgy lawyers and the inaccurate translations are all familiar MRI tactics that have apparently been exported to KBS by Mr Smedley.

It's our job to solve problems abroad and I think that there's a lot of people on here that we can help. Our company was formed out of being disgusted at the way some people have been treated in the past and how so many people feel lost in a minefield.

We spend every day working for clients and helping in any way we can. I realise I am not allowed to leave any email addresses or phone numbers, but you can easily find our UK company website.
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