“Given that Harlequin Properties is not currently making any profits, how can the Caldora Harlequin Income Fund pay investors 6% annually by investing in Harlequin?
Could it be that the 6% is coming from new investors’ capital alone? If so, isn’t that a Ponzi scheme?”
Fire Sale too!
It just keeps getting stranger and stranger over at Halecon.net where we are also told that Harlequin is holding a fire sale on villas. What used to sell for 325,000 pounds is now selling for 195,000 pounds. I’ll bet that makes previous purchasers pass wind!
Full story at Harlecon.net
Reality sets in?
Would have to be certifiable to invest in that scam.
but their Buccament Bay resort on St.Vincent is gorgeous..have stayed there a fortnight recently.
So what makes you think their St.Lucia & barbados resorts won’t be just as succesful??
Harlequin stopped making the loan payments to me in March 2011. They have ignored all communication from me in this regard. So their agreements and promises are worthless. I no longer have any faith in this company and would warn people from them
There is nothing successful at all about a resort that loses US$1m per month (as statd by their ops director) Bucc bay looks nice enough, but has come at the cost of thousands of people’s investments in different projects. It has been an unmitigated disaster financially, a long long way from successful and the collapse of Harlequin is inevitable, can only be a matter of time based on that enormous liabilities they have. A company whose assets are far less than their liabilities ultimately must go under.
Why all the sudden is Harlequin so bad? Webb site has popped up bad press. He has built Buccament Bay, or is that fake? Who has got in for them, there offices are in Basildon they exist go there! and talk to them. Look ive slung them a worthless frozen pension, ive invested with them. He cant take 300million quid and run away with it can he. I might get stiched up i might not. I would not physically give anyone 30.000 pounds, but my pension is wortthless.
I recently watched watchdog, now if i believed in every bad bit of press bad media i would not give a penny to anyone.
Buccament Bay exists! He does need a boot to finish the rest, your right. Just keep going to there offices and cause a fuss if you want your money back i would.
Negativity is the rule to all Brits these days! Jealous and nothing nice to say anymore. Moan Moan Moan.
I also invested and have an agreement that they would pay the payments on the bank loan, but they have stopped making the payments and ignore all my communications, so this is how they treat investors after they have got their money – and they are still promoting that they pay the payments on investor loans for the deposit. This is a lie. So that is why Harlequin are now bad and untrustworthy, because they have not kept their word. It looks as if they have over stretched themselves. The building of Bucc Bay is all they have done with the millions they have collected. That is ALL they have done and they point to this as some kind of evidence that they are genuine. Dave Ames told me that the offices in Basildon were mortgage-free, but if you search the land registry you will find Barclays bank has a charge on them so that was another lie. Bernie Madoff used the same business model when he ran his Ponzi scheme. He made sure he was photographed with trusted, high profile people (celebrities and politicians) and duped millions from people for years and years before the whole pack of cards fell down. As you believe your pension was “worthless” to begin with, maybe it’s not a problem for you to just hand it over to Ames, but what about the people who have taken equity out of their homes or taken a loan on the promise that Harlequin would cover the payments. When they just stop making those payments, these people are left with an outgoing they had not planned and are subsidising someone else’s company (I.e. Dave Ames’ Harlequin).
Sorry for “moan, moan, moaning” – I just want to warn people about this as, in my opinion, it is THEFT.
Maria, You have made some very good points, and these need to be answered by your agent and the company. But i just dont get it! I have been to the offices in Basildon, Go There, and speak to them! They cant hide from you, get a solicitor involved, start talking to them! Its off the A127 in Essex it does exist. Go along to his premises and ask them for answers!! I damm well would. Please dont lose your money,! Buccament has been built and there were lots of complications with the builders he told us that. Look ours is going to be built this year, if its not as he says it will ill come back on here and tell you, but ill tell him first and ill want a refund. I wont sit and just write about it, i wont stop knocking on his door.
Might eat my words one day, or i might just get a lovely pension from it.
Good Luck Maria. Go There!
sorry to some of you living in a dream world but you will not get your money back. you are not protected by the FSA as this is a non-regulated investment. of the 30% deposit you paid 1/3 went straight to agent as commission for selling. roughly 1/3 to overheads of HMSSE ( staff cost/advertising/ dividends etc etc)/ this leave just 1/3 of your depsit for actual building. so if you paid £30k deposit for an appt £10k is available for the build inc all infastructure/furnishings etc etc. that is why funds are pooled and all funds are being used to try and build BB.(pyramid scheme) unless BB gets some third party funding to finish it and release any further monies I can’t see that any of the other developments will ever start/finish. simple economics says you can’t build a property with only 10% funding.SORRY to be negative. take a look also at you tube and recent video bu andrew drummond re harlequin in thailand ( if this doesn’t makwe you worried then nothing will)
PLUS. please note that the basildon company harlequin property trading as HMSSE is just an agent. any investors contract is NOT with them it is with harlequin resorts barbados/st vincent/st lucia etc etc. if you have to sue to get your money back you will have to sue in the caribbean. good luck as they have years and years backlog on cases…
did you investors all get the free trip to Buccament Bay ? we did–2 weeks all-inclusive,flights included,it was fantastic !! check-out my husbands article about it in new Magazine SEMPEREY, WINTER ADDITION.
Free for you maybe, but someone’s paying for it. This is what they’ve stopped paying my loan interest – so they can promote with free trips, flashy events and pay celebrities their endorsement fees in order to appear to be a safe investment.
Sandy Is your investment paying off? Are you seeing returns? I would like to know !
47 Watched the you tube, interesting i grant you! Never knew about a Thailand investment at all.
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