“Ruined lives, pensions destroyed, homes lost. Suicides. Marriage breakups. Families falling apart as the work of a lifetime vanishes.
That is the legacy of Harlequin’s Matthew Ames, who was just convicted of fraud for running a ponzi scheme. Ames took £1.2million from the rich, from the poor, from widows and pipefitters. He was an equal opportunity swindler who dressed well, talked with such easy confidence that people immediately trusted him.”
… from BFP’s February 13, 2014 article Harlequin’s Matthew Ames guilty of ponzi scheme fraud.
Will father David Ames follow son to jail?
We were a little low in our previous estimates as it turns out that Matthew Ames defrauded investors of £1.6 million, some £400,000 more than thought – but hey, what’s a few pennies between friends?
The son of Harlequin’s Dave Ames was sentenced to 40 months in jail, which seems a short sentence considering that many of his victims are sentenced to life in poverty and despair.
It took about 3 years to bring Matthew Ames to justice, but that is quick considering the ongoing disaster of Harlequin Resorts created by Dave Ames and other ne’rdowells.