Gareth Fatchett of Regulatory Legal offers some advice to Harlequin victims

Harlequin Investor Update March 2015 from Regulatory Legal News on Vimeo.

Meanwhile at the Financial Services Compensation Scheme…

Financial advisers could be on the hook for hundreds of millions of pounds after the latest twist in the Harlequin saga in which the Financial Services Compensation Scheme (FSCS) has written down the value of the investment to nil.

In a document from the FSCS seen by Professional Adviser, dated 12 February and marked ‘compensation calculation’, the body lists the value of a Harlequin Property investment as £0.00.

A FSCS spokesperson confirmed the decision.

“Where applicable we will disregard the residual value in respect of Harlequin investments,” they said.

The move opens the floodgates for the FSCS to pay the thousands of Harlequin investors compensation on the full amount they put into the unregulated scheme, up to a £50,000 limit.

With around £400m originally invested in Harlequin, the compensation bill is set to run into hundreds of millions of pounds, putting it on a par with other investment disasters like Keydata and Arch cru.

As in those cases, the bulk of the cost of the compensation is likely to be borne by investment advisers.

Read the entire article: Spectre of £400m compensation bill looms as FSCS values Harlequin at nil

1,376 Comments

Filed under Barbados, Consumer Issues, Corruption, Crime & Law, Offshore Investments

1,376 responses to “Gareth Fatchett of Regulatory Legal offers some advice to Harlequin victims

  1. Dave Ames - business failure, Matt Ames business failure, Carol Ames bussiness failure...

    Come on Dave, how do you propose finance now you idiot! A build plan? Come on Dave what about the Trust; the one the FSCS supported!!!!

  2. Dave Ames and his Gerald Ratner moment

    Oh dear Dave,his wasn’t your best moment,

    In a conference call with about 70 Harlequin investors on 31 July, Ames said he and his legal team had met with the FSCS, that it supports the Harlequin trust, and that investors must join it or risk MISSING OUT ON COMPENSATION, according to two sources who were in on the call, including one who kept a transcript.

  3. SIPP-ing

    Well Ames followers- what’s your advice now? Me! well I’ll take Mr Fatchett’s advice thanks.

  4. Show me the SIPP Money!

    Absolutely, give me the cash every day of the week. Your welcome to the 15% RL

  5. Anonymous

    Interesting video

  6. Any day now

    I do hope there is a dawn raid coming. With the investment now officially worthless, the SFO could hardly be blamed for this mess the GV has created

  7. It rumbles on

    The compensation will only cover sipp investments. Still nothing for cash investors

  8. Just saying....

    There never has been an option for cash / or finance investors, so sad, but nonetheless an unpleasant truth; that 99% of investors don’t have the fight to sue their agents.

  9. Anonymous

    BB has a value, whatever that may be. The apartment block is up and running and the resort has record occupancy. Getting rid of 3500 claimants is better for the 2500 left. Of course there is no guarantee that 3500 will sign up to the return offered. Let’s suppose BB is worth £150m? Divided by 2500 investors that’s £60k each.

  10. It rumbles on

    I think the investors still have the fight in them. It’s the fact that the agents have been one step ahead of the game all the time, filing for bankruptcy, stashing money in offshore accounts, these people know how to play a weak system. Where do investors draw the line regarding financing litigation, people don’t have endless pockets? They were let down by Reg legal who were only ever interested in redress for sipp investors but strung along the direct investors to help fund the process. Brutal but it’s gonna pay off handsomely.

  11. Thick Brit

    @It rumbles on
    Can’t blame RL, you invested you pillock.

    You’re just as thick Anonymous
    March 5, 2015 at 6:31 pm

    The 3500 have not gor rid of they have been replaced by the FSCS who will ‘own’ the contracts – listen to the tape GF done you twit.

  12. Anonymous

    “Listen to the tape GF DONE you twit” Yes we can who the grammatically illiterate twit is.

  13. SIPP-ing

    Ahn thought we had a civil post here given the Ames supporters have a curled up or hidden. I’m sure the FSCA will eventually do an audit- the but what will they do with the assets they own? Doubt £150 million is near either for BB. More like £5 mil! What’s the rest worth and what can be recovered from Ames?- who owns the stuff the receivers have logged? Lots still to do. RL haven’t done anything wrong in my view. Ames didn’t play ball over the Trust- Mr Ames supreme idiot Walter Mitty with an ego the size of the International CEO he believes he is. Delusional as his supporters.

  14. 19:46

    @ Anonymous March 5, 2015 at 7:05 pm
    “Listen to the tape GF DONE you twit” Yes we can who the grammatically illiterate twit is.

    Your mocking of this poster is unpleasant but I suppose it makes you feel better?

    Your post does not make sense though.

  15. Bobs tax return?

    @SIPP -ing

    £5million for a fake beach and a rundown resort in the armpit of the Caribbean….

    Only shill Bob thinks is going to work – poor old fool.

  16. Anonymous

    @19.46 so is calling someone a Pillock and thick. Perhaps you could not be bothered to read the full thread. If the poster doesn’t want to be mocked then I suggest he winds his neck in. Understand?

  17. Anonymous

    Yank an easy one. Your post makes no sense, you should read what you have written before hitting the post comment button. Fool

  18. SIPP-ing

    Well £5 mil a better guess than the £150 mil someone here guessed. £500K THEN?

  19. Anonymous

    Anonymous 6.31 pm, “The resort has record occupancy”, exactly what we would expect out of Ames on the week that the FSCS announce that Ames’ companies are insolvent.

    Well I am sure that Ames will be able to provide independently audited accounts to demonstrate that the record number of guests will be providing enough revenue to Ames to allow him pay the FSCS the £ 170 million they are about to pay out in redress.

    I’m sure the FSCS will expect Ames to provide the accounts, along with a robust business plan, given that FSCS are now Ames’ new “business partners.”

  20. Come on Davy boy, defend you baby Buccament (insolvent) Bay

    Come Ames!!!! would it not be fit an proper to make a statement refuting your zero worth companies?

    The FSCS have got it all wrong, surly you should sue them all?

    What up Davy?

  21. Chatty Chappie

    I was told by a little bird that James Albert Baker has been having a long chat with various Government departments; but hey ho we will never know, because I’m told such things are covered by a special section 2 or something😉

  22. The Group Announcement

    Dear Harlequin Investor

    Further to today’s unfounded and unsubstantiated attacks against Harlequin on BFP, Mr. Ames has cut short his extended break in the Caribbean to collaborate with his remaining legal team to put together a suitable statement to reassure all investors.

    Harlequin is stronger than it has ever been. Despite ongoing attacks attempting to ruin the unmistakable and well earned reputation of the Ames Family, and notwithstanding years and years of litigation. kindly paid for by our loyal investors, the FSCS has taken it upon itself to publicise the highly questionable assumption that the Harlequin investment is now worth jack shit.

    It is unfathomable to the highly successful developer, Mr. Ames, and his legal team how the FSCS could have come to this decision, since no accounts have ever been published for any of the remaining companies in the Harlequin group which haven’t been liquidised. In fact, Mr. Ames and his family, and their legal advisors would challenge anyone claiming to know the sum of the assets and liabilities of “The Group” since money has been carefully dispersed amongst many jurisdictions, over numerous overseas tax regions, in many company names, and discrete accounts, through numerous bank accounts and offshore, unregulated investments, trusts and schemes.

    Despite these never ending attacks from government bodies (such as the SFO, police, FSCS and what was the FCA), the BBC, and a few disgruntled investors (who will now watch their sorry arses since the Supreme Court in California told Mr. Ames who they were and where they lived and he’s now going to sue them), Mr Ames is going to continue to work tirelessly in order to hang on to your money until one day it all runs out. Please rest assured that absolutely no investor will be given any refund as contractually due, since they have lost faith in the Harlequin investment and don’t deserve a penny of their money.

    Although Mr. Ames is unable to reveal details as yet, in case it ruins everything, he can confirm that he has a Letter of Intent from an investor who has agreed to meet him in Starbucks to look at some brochures. No other developer in the Caribbean can claim to have met a financier in Starbucks, and this is why Ames is the most talked about developer in the Caribbean.

    Also, we are happy to report that Mr. Ames is still discussing the Wilkins Kennedy litigation with regards to outstanding bills owed, and this is being very well received by creditors.

    So, apart from a number of jealous individuals who are only interested in bringing down the world renowned Harlequin group in order to halt its unstoppable progress and growth, all is moving forward as planned and as guaranteed my Mr. Ames and his family.

    As a special thanks to all our faithful investors, we would like to invite you to a special “Coming Out Celebration” being held for our beloved Matt Ames at Buccament Bay shortly. This will give you all the opportunity to welcome him back, and thank him for accepting our offer to recommence his position as manager at the award winning Buccament Bay resort. Please hurry though, as there are only a few tickets left!

    Once again, thank you for your kind support, and all donations to your pension fund are welcome. Remember; if you don’t donate, Harlequin will go bust, and you will lose everything and be very very poor.

    Very best wishes,
    Harlequin Hotels and Resort’s ASOL

  23. Anonymous

    The SFO have been calling on a number of individuals associated with Ames and are forcing everyone concerned to hand over all documentation pertaining to Ames under Section 2 Orders.

    James Albert Baker produced manifestly false accounts, pertaining to Ames’ companies.

    Baker is claiming that the accounting information was supplied to him by Ames.

  24. SIPP-ing

    FAB Mr Group announcement. Where have all the Harlequin supporters gone, long time passing, when will they ever lean………….OH- maybe they have😉

  25. St George's Dragon

    Section 2 and legislative tools
    We use a range of investigation tools. Our primary investigation powers are those given to us by the Criminal Justice Act (CJA)1987 when we were established.
    Section 2 investigation powers
    The Serious Fraud Office’s statutory powers are:
    – to search property
    – to compel persons to answer questions and produce documents
    Section 2 of the CJA 1987 gives the Director or a designated member of staff the power to require a person or entity to provide information to us for the purpose of an investigation. This takes the form of interviewing people, requiring them to produce material, or searching premises.
    We can only use this power if the Director finds reasonable grounds to suspect an offence has been committed involving serious or complex fraud or corruption.
    Written notice is always given when exercising this power. Notices are typically issued to individuals, banks, financial institutions, accountants and other professionals, most of whom will have a duty of confidence to their clients. Issuing them with Section 2 notices obliges them lawfully to give us the information we require.

  26. Anonymous

    Yes Anonymous 9.43 you would of course know who the SFO have served a section 2 on. Get real.

  27. Anonymous

    Anonymous 11.18 you have no idea who I am, therefore you will have no idea how I know or indeed what I know, but unlike you, I know what is going on.

  28. Anonymous

    Blah blah blah. Yes ok then. Let’s hope they have asked WK about e mails then.

  29. Anonymous

    Anonymous 11.47 pm, you would come across a little more credible if you did not change your Id so much and if you desisted from using expressions such as lol, Blah blah blah or trying to suggest that BBay is now booming especially in the context of the recent FSCS statement that Ames’ companies are insolvent. But to answer your question, yes the SFO removed dozens of files from the Wilkins Kennedy offices some time back as they did with files located at the offices of Michael Slade in Rayleigh in Essex.

  30. Denial

    I go by the name Bob Storey, Robert Storey, FDNRM, Anonymous, The Wise Old Owl and a whole host of other pseudonyms, I am however more than one person. My task is not to bring clarity to a situation but as per my instructions my role is to disrupt and critisise any who dare question the business ethics of Mr. Ames and his family, indeed there are times that I will defend my husband, my husband will defend himself, our staff will defend us, my son will defend me and I will defend him,

    I am not in denial, I firmly believe everything I say, I am not bothered if anyone else believes it, I believe in me and I believe what I say and for me that’s all that counts.

    When BDO resigned I pointed out in my response that BDO did not understand what they were doing and that they got it fundamentally wrong, as have the FSCS. My companies are growing day by day, I trully believe this, my family believe this, my staff believe this, and that’s what counts.

    My companies will never be liquidated, HMSSE will exit the Adminstration process shortly as I have always stated, I will challenge the liquidation of HMSSE, I will do this because I believe the company can and will be saved, and what I believe is what counts.

    HPSVG and HH&R will never face liquidation, why ? Because I have said so, because I believe this, this is what I believe, and that’s what counts.

    This is not denial, this is my belief, and my beliefs are what counts, I believe my resort is full, fuller then it has ever been, and it will be full to December, and next years bookings are 100% up on this years, so next year will be our best year yet with double the bookings of this year.

    I can say this, because I believe this, and it’s what I believe that counts. An entrepreneur must believe in themselves if they are to succeed, not only do I believe in myself I believe what I say. And that’s what counts.

    I’m not in denial because I believe there is nothing to be in denial about.

  31. Daves disco

    This one is from the Book Dave.
    Redefining, well anything.

  32. Anonymous

    @Anonymous 11.53 and you would be more credible if you did not misquote people. No one has said BB is “booming” The expression was the resort has record occupancy. I have no idea whether that makes it profitable or not, and neither do you. As to changing ID a lot, you have no idea who I am, so comments about ID are not relevant.

  33. Bobs tax return?

    And who’s word do we have for that? Surly not the man that said the FSCS supported the Trust, or the one who said it was and I assume still is a banking error?

  34. SIPP-ing

    Semantic and pedantic- come on. Still little Ames defence now. Very telling

  35. Anonymous

    no Yank one Easy, from a different source.

  36. Anon

    @ Anonymous 10.22 am, how do you know the resort has record occupancy? To state this you must be privy to some kind of booking or sales information, please explain how you appear to know such information, it could help restore your credibility, unless of course you are a Harlequin staff member, if you are you are just lying.

  37. Anonymous

    Fortunately Anon I do not answer to you. Why should I feel the need to “restore my credibility”? Why should you state that if I am a HP staff member I must be lying? Do you think that only anti HP trolls are the ones with inside information? BB staff put on notice? Lol

  38. SIPP-ing

    There are only a few things we need to care about. They include will (I) get redress? Will Ames, dodgy agents and other cohorts get skinned? Cash investors shouldn’t put too much store in a rescue plan. The FSCS aren’t going to run in and sure as hell has no ice neither will Ames. I think the RL trust was probably the best bet for cash investors! Whether a non Ames rescue or a fire sale will now happen I don’t know. And neither do the “experts” here.

  39. Anon

    Anonymous you may have inside information, but just look at who and where your getting your information from?

    The FSCS says Ames’ companies are insolvent, Ames says something different. Who would you believe ?

    Ames says that interest payments have stopped because of a banking glitch.

    Ames says the FSCS support his trust, The FSCS have come out and said that that is bollocks. Who would you believe ?

  40. Pink P

    That David Ames has a lot to answer for he and his crew have worn me out.
    We are travelling to Canada and USA “where they tweet in English” and where we can have a rest.

  41. SIPP-ing

    Oh we believe Dave- he’s FAB and takes time out form his animals to talk to us. Dave Dave Dave

  42. Anonymous

    You need to prove you are travelling to Canada and the USA. Unless you can prove this you have no credibility!

  43. Anonymous

    Anonymous 12.43, you are a complete dick head, you really are, the business is finished yet all you do is take the piss. Just like Ames has done for nearly 9 years.

  44. Anonymous

    Typical anti HP troll thug. You need to take a chill pill. IT WAS A JOKE. You moronic tw*t.

  45. Bob the believer.

    Is Bob a Mormon, ”He Believes”

  46. And then there was Clico!

    Barbadians have been ripped off at a multiple many times the Ames shell game.

    So where is section 2 against the principals and why aren’t they being extradited for massive fraud and some comfortable lodgings courtesy of her Majesty?

  47. Mr T Cain

    I’m very happy.
    I will get my money back with interest & I will be delighted to pay RL.
    Only a fool would sign up to the Trust with a valid FSCS claim.

    Time to move on.

  48. Anonymous

    The following question has been posed,

    “Any one else who was naive enough to follow Harlequins sales advice and broker request to cite ‘home improvements on their ‘ loan applications? One solicitor I have tried with felt it was going to be an unsuccessful claim. I am now with the mortgage claims bureau who feel I, with along others may have a case. Any one else in the same position? “.

    There are a number of problems here for the investor, one being the loan application was made for home improvements, but the loan was used for an entirely different purpose, therefore the loan application was made fraudulently, if investor is the one who signed the loan application, then it is they who have comitted the fraud.

    Harlequin and the agent will of course deny that they ever suggested that an investor raise the cash for a deposit by comitting a fraudulent act, unless of course the investor has it in writing from Harlequin or the agent, but it still does not diminish the seriousness of the fraudulent act carried out by the investor.

    The investor also runs the risk that by seeking redress for the monies paid over to Harlequin, that the original lender will discover that the monies loaned for the purposes of home renovations were not used for that purpose and may decide to cancel the loan agreement and call in the original loan, even if the investor has maintained the loan payments.

    The investor could also find that they would find it difficult if not impossible to raise a loan in the future and could potentially face criminal prosecution.

    The investors in this category are at the most risk, not only will they have to thread carefully with respect to their financial institutions, but they run the risk of forfeiting their deposits if they were unable to come up with the 70% deposits should Ames be in a position to build and complete anymore units.

    It is these investors who as a result of investing in Ames’ companies, run the highest risk of loosing their deposits and their credit rating along side the potential for receiving a criminal record.

  49. Kiss of death

    I agree with all of the above, however, most investors will do nothing because of the risks – fraud is fraud no matter who you try and blame.

    Cash and finance investors have no hope other than to sue the agent. Harsh but true.

  50. Investors Fraudsters

    Those investors who comitted fraud should understand that their situations are very precarious indeed, Ames will have no problem dropping these investors in it from a very great height indeed, Ames will deny he or his staff ever suggested anyone engage in a fraudulent act, and also if Ames thought that by dropping an investor in it, it would remove that investor from his creditor pile, Ames would do this in a heart beat.

  51. Look who's back, it's Gobriella Klein

    Gabriella Klein
    Hi Christine
    Tailormade are a bunch of, well, I won’t say it. Please don’t believe any of their advice – I’ve been following RL’s advice since July 2013 and there’s none better. Ask RL to help you get redress. And whatever you do, please do not fall for Dave Ames’ Trust – it is NOT to be trusted – you’ll lose everything. Good luck.
    Ahhhh Gobriella, you invested in Harlequin in the first place, so why you trying to destroy everyone’s investment now. Glad to see your back Gobby.

  52. Do they ever learn

    Gobby and her mates are being watched again, so continue to defame Mr. Ames and see what will happen,

  53. Anonymous

    Not Saint Gobriella.

  54. Agony Aunt Gobriella

    Gobriella is over in the RL forum answering Investors questions and handing out advice, no need for Gareth, Gobby is the new sheriff in town. Go for it Gobby, your a star.

  55. Anonymous

    Obviously working the back shift. Walton will be on later. Wonder if GF is now going to represent Erica. Will they both be best buddies again now they can smell money.
    Anyway, hypothetically, if the FSCS hold contracts in BB which covers the 30% deposit! how will the FSCS pay the 70% when it is due on a completion?

  56. Super, smashing, great

    GF doesn’t smell money. He now positively reeks of it.

    He’s spent his quiet time wisely getting the FSCS on side.

    FSCS are paying up and then permitting investors to have a go at 3rd parties. Round 2 will be fun.

  57. Loot

    Gobriella must be beside herself with excitement knowing that Fatchops is going to pocket some twenty million quid from the redress.

  58. Anonymous

    Wonder if the cash investors who paid £240 for the DD can smell the money? Perhaps they can still smell the bullshit. Perhaps a statement from RL to the cash investors might be forthcoming? Anyone want a little bet on that?

  59. Bob from Wimbledon Common

    Trying to destroy everyone else’s investment? Still trying that line Bobby?

    Your “investment” is worth zero Bob. It was worth one pound, now it is worth nothing. There is no investment.

  60. Super, smashing, great

    RL have offered direct investors options throughout. Problem is they are either too tight or too thick to take any action.

  61. Loot

    From the Harlequin Property Investor FB page, rather alarming to see that investors are still considering converting their properties over to BBay.

    Pxxx Rxxx Harlequin Property Investors
    5 January at 10:18 ·
    I have put deposits down on 2 properties that are yet to be built on the Marquis estate, St Lucia.

    I am tempted to transfer to a single property at Buccament bay but the closing costs are substantial.

    Has anyone transferred and completed using this method????

    Would love some advice/ guidance!!!!!!

    Many thanks.

    ” Just love this response “, wonder who David Hollely is ?

    David Hollely
    Paul drop a mail to the Pro Harlequin Investors Group at do-give@phig.org.uk with your contact details they may be able to help you
    Cheers
    · Hide · 6 January

    Fxxxxxxx Mxxxxxxxx
    doesnt seem like anything being built. i know a good set of solicitors for redress

    Sxxxxx Wxxxxx
    I’m feel the same , be good to have some bricks and mortar.
    You would think Harlequin would be encouraging it to get things moving.
    · Hide · 6 January

    Bxxxx
    Hello Paul…..I made a deposit on a property on same development.. I have also been offered the chance to close on one at Buccament Bay. Like you, find the closing costs are a significant further investment.. Would love to hear from some who have completed. Are there investors out there who bought originally at B. Bay and went on to either enjoy the rental income or sell their property – if so, please respond to our requests……………..Sxxxxx
    · Hide · 25 January

  62. Anonymous

    Harlequin was always targeting the unsophisticated investor, but clearly some are so unsophisticated that even comprehending basic facts are beyond them.

    What part of INSOVENT is causing the most difficulty?

    The stupid and their money are so easy to separate. Don’t give completion money to “Harlequin” (who ever that is), buy some property in Dubai and send the GV the title deeds….. its the same thing.

    “It’d be nice to have some bricks and mortar”….. such a shame the bricks aren’t on land legally owned by HP, which then can’t be legally transferred to you. So what do you “own?” The same as Bob, you “own” nothing and the GV still gets your money.

    Idiots.

  63. Dumb & Dumber

    There is no hope for most investors.

    Thick beyond belief.

  64. Just Wondering

    Just Wondering

    How does Dave know what investors were putting on their finance applications ?

  65. Anonymous

    For a company that is insolvent, how is it still taking bookings, supplying holidays,paying it’s bills, paying investor returns etc? Doesn’t look very insolvent to me.
    Anyway no one seems to want to answer the hypothetical question. Let’s try again.
    Mr W gets his £42500 back from the FSCS as compensation for his 30% deposit! and the FSCS now holds his contract for an incompleted property in BB. DA then decides to restart building work in BB. Who pays the remaining 70% of the money due? The FSCS? Who?

  66. SIPP-ing

    Its different company in a deferent country (to HMSE). So I see the pro Ames brigade are here at last. Why did they take so long! And what’s the game now even the dim-est must realise the games up? Best they can do is have a go at GF And Ms Klein- run out of steam chaps? But you have proved the laws of physics wrong. You’ve converted nothing into energy- but not as we now it Jim= a spent force. Well done. And keep on bullying ladies, you hard men you😉 chuckle.

  67. SIPP-ing

    even know it ha, silly fools

  68. Just Wondering

    Anonymous
    March 7, 2015 at 9:31 am

    1.harlequin is not just one company,
    2. If you ever manage to get your deposit back, then be grateful,.

    I think you need to appreciate that the harlequin business model is broken, complete farce, no organisation in the world will throw more money at it.

  69. SIPP-ing

    Yup ! correct

  70. Anon

    “For a company that is insolvent, how is it still taking bookings, supplying holidays,paying it’s bills, paying investor returns etc? Doesn’t look very insolvent to me.
    Anyway no one seems to want to answer the hypothetical question. Let’s try again.
    Mr W gets his £42500 back from the FSCS as compensation for his 30% deposit! and the FSCS now holds his contract for an incompleted property in BB. DA then decides to restart building work in BB. Who pays the remaining 70% of the money due? The FSCS? Who?”

    I do hope you don’t look as stupid as you write.

    DA can “decide” to start building all he wants, all the contracts are in breach and he has absolutely zero money to build with. The conman spent it on planes and litigation. Indeed, you could argue that he has already “decided” to build H Hotel again. We’re yet to see any progress.

    Just because a company is taking orders and providing piecemeal service does not mean it is not insolvent. Here is Wikipedia’s definition:

    “Accounting insolvency happens when total liabilities exceed total assets (negative net worth). Cash-flow insolvency involves a lack of liquidity to pay debts as they fall due.”

    “Considering the first definition of insolvency (“Insolvency is the inability of a debtor to pay their debt.”), this situation of ongoing balance-sheet insolvency with cash-flow solvency obviously does not qualify as “insolvency” defined that way. It has been suggested (for instance by Graeme Pietersz of Moneyterms) that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency (“Insolvency is the inability of a debtor to pay their debt.”)”

    Currently, Harlequin has 6000+ outstanding contracts which are almost all in breach (deadlines gone). This gives the contract owners the right to request a refund from the company, which of course will bankrupt it. This was highlighted in 2013, and will surely be highlighted again at the upcoming criminal trial of David Ames and his family. It is important because the contract holders have every legal right to pursue their full deposit back, as per their contract, and will therefore be able to pursue the issuing of statutory demands. We all know the story of HMSSE’s run-in with a single statutory demand LOL

    You also assert some very serious points:

    “how is it still taking bookings, supplying holidays,paying it’s bills, paying investor returns”

    1. Bookings are being taken it seems. Not covered by ATOL.

    2. Supplying holidays is not what Harlequin does. Harlequin provides residence in a hotel, a tour operator will provide the holiday. As yet, it seems that DA’s main source of visitors is from cheap deal sites. This is a highly pertinent point for any investor looking to work with Harlequin, as the profit from these visitors will be menial.

    3. I am yet to see any proof of “investor returns” being paid in ANY degree. Indeed, we’re still waiting for the “banking glitch” to be fixed for the interest payments. So to think that Harlequin has managed to scrape together the “guaranteed 10%” return over its obligation to the people who helped fund the venture is very serious indeed; a fraudulent act.

    Finally, the idea that anyone owes Harlequin 70% is fictitious. Ames failed by not bringing in an external financier – the thought that he can pursue the remainder of his loot is frankly a joke.

  71. SIPP-ing

    I own a pub- the whole shebang. No mortgage on the building. No one drinks in it. I cant pay my bills, but I own the building- which is worth. more that my liabilities. So technically I’m insolvent- actually I’m not. Just thought I’d offer an oversimplification for the D-ames supporters. But believe you me that doesn’t give you much hope unless your a SIPP

  72. Anonymous

    Yep the anti HP thugs are about nice and early. So are you implying the contracts are then null and void? Is DA free to start reselling the incompleted properties in BB? Try to think it through rather than resorting to mindless rhetoric, just for once. And there is proof of returns being paid, you just choose to ignor it.

  73. Anon

    @SIPP-ing

    That scenario would not be insolvent – the asset outweighs the liabilities. Remember, you didn’t promise to build 9000 pubs by a particular date several years ago, with other people’s money.

    Insolvency means you cannot meet your financial obligations. The Anonymous alluded to Harlequin’s provision of service as “proof” this was not the case; notwithstanding the fact that Ames doesn’t even have money for the poor souls laden with the unnecessary burden of interest which Ames was meant to pay, if not for the pesky banking glitch, let alone construction.

    @Anonymous

    1. The contracts are very much valid thank you.

    2. Proof? No-where have we been given information pertaining to the rental return of anyone within the Harlequin scheme. You choose to ignore the banking glitch, the fact that Ames has zero financing, most hotels are not constructed, the promotional methods of Ames being HIGHLY suspicious and the copious theft of victim’s money for forays in Dubai.

  74. HP Propagandist Rules

    #4
    Never provide proof of your claims, just denounce others’ as “mindless rhetoric” of a “thug”.

    #5
    “Dave” has never done anything wrong.

  75. SIPP-ing

    Quite Anon- I am surprised though you missed the subtlety! The “technicality” and even the intent!

  76. Super news for SIPPS - iT''S THAT SIMPLE

    I don’t care I’m a SIPP investor and will take the CASH.:)

  77. SIPP-ing

    So caring.

  78. Anonymous

    The Bullshit carrys on over on the RL forum.
    Regulatory Legal Solicitors
    No, SIPP charges would continue. Hence the need for the Sipp operator claim. Most people have not engaged with this element. Winning redress is 80% of the job. The balance is the annual charges and any amount above £50,000.

    “None of our “competitors ” are authorised or even understand that they need to do. Seen as most of them are agents or linked of agents, is there any wonder?”

    Fatchops appears not to have learned his lesson. He would want to watch his back very carefully. He is just back from suspension, the next time it might not be so temporary. It is he who is doing the most damage to the investments. The hotel is fuller then it ever has been, the guaranteed returns are being paid as per the contracts. The delay in the other resorts is purely down to the fraud by the builder and Wilkins Kennedy, thats why the force major clause of the contracts kicks in. So please can someone tell me how any of this is really Daves fault. Nope you can’t cause its not, the reviews for blu and Buccbay tell a very different story.

  79. Anonymous

    Anon, proof of rental returns? Yes you have, ask GF. If the contracts are valid then who pays the 70% completion money then?

  80. Anon

    So now we’re bringing out the big guns…. “force majeure”

    We need a qualified legal professional to determine the implication of this most serious of assertions. Perhaps “Legal Eagle” could make a return?

    I find your repugnance to the needs of victims to be disgusting, and further your ideas that “Dave” has nothing to answer is nothing more than a complete falsehood. Your berating of victims, Regulatory Legal and everyone else under the sun does nothing to show how immature and infantile your arguments really are.

    “It is he who is doing the most damage to the investments”

    lol okay. Maybe the SFO, the builder, the FSCS, HMRC, Matt Ames’ jury, the whole Ames family have nothing to do with it then?

    “The hotel is fuller then it ever has been,”

    As mentioned numerous times previous, this does not really do anything to suggest returns are being paid. Also highlighted before have been the ridiculous deals which have been offered. Not much left to share around after Harlequin takes it’s cut.

    And it’s “more full”.

    “Anon, proof of rental returns? Yes you have, ask GF”

    Funny how Harlequin are suddenly so quiet about such a success as their much vaunted business model yielding the returns they promised?

    I wonder how people crippled with interest payments feel about this development. Further, I wonder why PHIG hasn’t reported this astounding “proof” of Harlequin’s “further success”?

    Maybe because it doesn’t exist…….

    “The delay in the other resorts is purely down to the fraud by the builder and Wilkins Kennedy”

    lol.

    “So please can someone tell me how any of this is really Daves fault”

    Ames took the money. Ames spent the money. Ames is responsible.

    “the reviews for blu and Buccbay tell a very different story.”

    Looks like someone’s been buying up fake reviews again🙂

  81. Get a grip

    Anonymous 11.45.
    Was that tongue in cheek or are you really serious. I will let you into a poorly kept secret. That parrot is definitely dead. Now I know you thought you saw its feathers move and the person who sold you it to you has convinced you that it is very much alive but no no no. It is definitely deceased.

  82. Argos Warehouse Assistant

    “He is just back from suspension, the next time it might not be so temporary.”

    And you would know this, how? There is a certain individual in Basildon who seems to know a lot about RL. Wonder who it could be.

  83. Anonymous

    @Anon 12.10, “perhaps Legal Eagle could make a return” Well all you have to do is change your name in the ID box from Anon to Legal Eagle. Oh silly me you do that already.
    “If the contracts are valid then who pays the 70% completion money then?”
    No one wanting a stab at that then?
    So GF is just back from suspension then. Did he crash into the back of an ambulance I wonder.

  84. Trump, Dave Trump, licenced to decide

    “DA then decides to restart building work in BB.’

    The best laugh all morning. Thanks.

    So can I infer from that, that DA “decided” to stop building at BB? It was something he did because he thought it was in the best interests of the empire? It had nothing to do with pissing away all the money then? He spent millions of investors money building cabañas and tower blocks and then “decided” to abandon half of them and let them rot away?

    What a fantastic mind he has for business. Donald Trump could learn from this man.

  85. Anon

    ““If the contracts are valid then who pays the 70% completion money then?””

    We were hoping you’d answer it with your precocious wisdom on the legal system & Harlequin, but since you need some help, let’s look at it.

    The FSCS recently claimed that Harlequin’s companies are insolvent. They did this independently, and therefore we have it from a UK public body (near enough government) what most have known for a long time – David Ames will again (for a third time) be in line for bankruptcy.

    This determination would have been reached in a manner which the Harlequin team do not seem to be very familiar with – analysis of the situation. Let’s take you through how it looks:

    1. Harlequin has 6000+ contracts which are mostly in breach (deadline, and in some cases provision of finance).

    2. Harlequin are not in a position to repay any of the monies they owe to victims, a point demonstrated by the continued pushing of the “trust” which Harlequin have lied to people to try to join.

    3. Contrary to claims by Harlequin (Ames), external finance has not been forthcoming, and as such, the company has no monies available for further construction. Out of £440m taken in, this is a serious point of consideration.

    4. Anonymous now claims “Force Majeure” clauses in the contracts will be invoked if Ames is sued by victims. As there has not been any ruling in this part of the debacle, what I say would be speculative. However, as you want answers, the determinant would be based on the circumstances surrounding the “fraud” in which Ames would propose caused the entire derailing of his plans.

    Firstly, he would have to demonstrate that whatever was done had an impact on the specific cases themselves. As Ames has taken £440m, the point then needs to be raised about build plans, schedules & how Harlequin planned to accommodate cash flow in their projections.

    Of course, this will be forthcoming, and therefore they’ll be able to demonstrate that the $1.6m money which the builder apparently misappropriated was the downfall of the entire operation. To put this into perspective, “Harlequin Air” cost almost double that – £1.4m.

    They will also be able to demonstrate their ability to raise the extra 70% finance for victims, as they would be able to complete multiple multi-million pound resorts in succession, even in parallel.

    5. Depending on how a force majeure clause would be considered, the reality for majority of victims is that they don’t have to lift a finger until Harlequin build their room. Even if they do construct their unit (which, according to the FSCS is going to be highly unlikely), only then will they be contractually obliged to pay the remaining balance.

    However, as per the force majeure discussion – if no force majeure can be affirmed, the victim has every right to sue Ames for breach of contract (deadline), and achieve a refund as per their contract. In this instance, the victim will not pay the 70%, they will receive a refund from Harlequin (else they’ll issue a stat demand), and Ames will be able to “resell” their unit to someone else, considering he is not in jail and his company is still operating.

    So in short (pun not intended), the fact is that as Ames has broken his agreement in regards the deadlines, he’ll have to find new partners to continue the builds, after paying back his current ones of course.

  86. SIPP-ing

    @Anonymous
    March 7, 2015 at 11:45 am. No one can be this stupid. You must be an Ames employee or beneficiary of some sort.

  87. Legal Eagle

    The contracts are valid. Anonymous you appear to miss the point, it is because the contracts are valid that Mr. Ames has the problem.

    I will try and explain this in very simple understandable terms.

    The contracts work both ways, if Mr. Ames companies complete a property on time, then the purchaser must pay the 70%, not withstanding the issue of the guranteed mortgages.

    If Mr. Ames companies do not complete a property on time as per the contract completion date then the clause of the contract whereby Mr. Ames companies are obligated to repay the investor the full amount of the deposit + 10% kicks in.

    Mr. Ames companies cannot without changing the contracts or getting investors to sign up to the trust, merely ignore this clause in the contract for a period of time.

    The FSCS will in essence be honouring the contracts on behalf of Mr. Ames companies, in that they will be paying back the deposits, or the % up to the maximum amount permissible under the rules governing the payment of compensation by the FSCS.

    The FSCS are not purchasing the contracts, they are honouring the compensation elements of the contracts in place of Mr. Ames, given that Mr. Ames’ companies are insolvent.

    The FSCS will then put Mr. Ames on notice that they have paid out compensation on his behalf and will require Mr. Ames to propose to the FSCS how he intends to repay the FSCS.

    If Mr. Ames companies pay back the full amount of the deposits to either the FSCS or the investors as per his contracts, then Mr. Ames is fully entitled to do what he so wishes with that property.

    But Mr. Ames will understand that if he was to resell a property whilst trading insolvently he again would be breaking the law.

    Mr. Ames cannot just wait for 5-10 years then complete some properties and pursue the FSCS for the completion monies as per the contract, given that Mr. Ames has failed to honor his part of the contract.

    The other problem Mr. Ames has is that the FSCS are paying out compensation as a result of the determination that Mr. Ames’ companies are insolvent. If the companies were not insolvent there would be no need for the FSCS to pay compensation, aside from potential redress from misselling of property by individual agents or IFAs.

    It would be wonderful if life was that simple.

  88. SIPP-ing

    Tidy argument Anon

  89. Bobit gets it wrong again

    The delay in the other resorts is purely down to the fraud by the builder and Wilkins Kennedy, thats why the force major clause of the contracts kicks in.

    Did you mean Force Majeure?
    An event that is a result of the elements of nature, as opposed to one caused by human behavior.

  90. SIPP-ing

    Bobit gets it wrong again
    March 7, 2015 at 1:14 pm
    “The delay in the other resorts is purely down to the fraud by the builder and Wilkins Kennedy, thats why the force major clause of the contracts kicks in”.
    Are you serious!?

  91. Bobit gets it wrong again

    cross posted.

    I see brollies and moldy towels is still a big issue over on TA.

  92. Anonymous

    So why should DA repay the FSCS? It is not the FSCS’s money, it is the IFA’s money. The FSCS only administer the money based on their assumptions. These assumptions, it would appear, are being questioned and possibly challenged. What you are stating now is contary to previous posts. You say the FSCS is not purchasing the contracts. Therefor they do not “own” the contracts. If they do not “own” them they will not be the largest contract holder in HP.

  93. Bobit gets it wrong again

    SIPP-ing
    March 7, 2015 at 1:18 pm

    I was quoting Bobit. Sorry I should have put in exclamation marks.

  94. Are you totally stupid?

    So why should DA repay the FSCS?

    Because Dave Ames and his vile family owe millions to investors and creditors!

  95. Anonymous

    “Did you mean Force Majeure?
    An event that is a result of the elements of nature, as opposed to one caused by human behavior.”

    One could try the angle that the GV’s short comings (pun not intended) in business are due to his personality, intellect, and business acumen – all of which, it could be argued, are a result of nature.

  96. Anonymous

    @are you totally stupid aka anti HP thug. I’m afraid that is not a very good argument is it. Let me spell this out slowly for you.
    1)IFAs contribute into the FSCS compensation fund.
    2)The FSCS decide to compensate investors.
    3)The FSCS is not a “profit making” organisation, it is a regulatory body.
    4)If DA paid monies back to the FSCS then what would they do with that money?
    Also I think you miss the point somewhat, if DA cannot repay the investors how will he repay the FSCS?
    Try and think this through before silly replies.

  97. Anonymous

    Some previous posts from Robert Storey on the RL forum demonstrating how one sided his views really are, he does not reference the WK defence nor does he believe that Dave Ames could lie. Dave Ames produces material and Robert Storey takes this as gospel. Have a read Robert Storeys views are most interesting.

    ” Robert Storey
    WK were employed to “liaising with the builder re construction costs and monitoring of construction budget” WK were paid to do a job, this was not some sort of old pals act.if you read through the whole document DA was constantly lied to re the progress of the resort by WK.”

    “Robert Storey
    Did the chairman of Harrods personally supervise your project, or did he have a company who supervised the work to bring it in on time? I do care if WK were responsible for this project, that’s what they were paid to do, and failed through fraud.”

    “Robert Storey
    On not sure which project you are referring to regarding “DA only has one project on which he clearly had his eye off the ball on”. Others who invested in 2 Rivers, Merricks etc might disagree with you. Don’t forget DA had already got rid of one contractor in 2008. Perhaps if you refer to page 8 of the submission you might point the finger at MacDonald who was “viewed as as the equivalent of a director or senior employee by many people”

    “Robert Storey
    Mr Findley “I have an opinion and it will be heard” unquote. Could I suggest that you read the 79 and 111 pages of the submission documents which might give you a better insight. The first contractor was dismissed after the suggestion from MacDonald, now why would that be? It is a pity you have chosen to personalise your post rather than debate the issues in a mature way. You are confusing “defend” with the truth.”

    “Robert Storey
    James, there is no doubt that a construction project was not his forte, but that’s why he employed WK and a person he thought he could trust. Have you read the 79 and 111 page submission? WK were paid money to project manage the building work including purchasing of materials and paying contractors. The level of fraud was unbelievable.”

    “Maurice Patterson said:
    Mr Storey. I suggest another lie down. As implied last night, your perceived unsavoury paranoid behaviour is becoming accute.
    Maybe it’s down to your sensitive character.
    It would be nice to get back to matters in hand -that is:Harlequin relevant.”

    “Robert Storey
    Thank you Dave, a simple reply to a simple question, I missed that one. Now do you know the reason why? Do you accept it was Erica who posted my e mail address on BFP? Do you think it’s acceptable for someone to post your e mail address on a forum? Do you think it’s acceptable for the details of my 91 year mother, who also lives with us to be posted on BFP. You answered a simple question with a simple answer, but then had to spoil it all with a silly comment. Shame.”

    Looks like Bob has some serious problems,

  98. SIPP-ing

    Tall Storey eh!

  99. Anonymous

    Ah bless Anonymous, how nice of you to post some of the abusive comments directed at Mr Storey.
    Perhaps I can add some more:
    Reply by Gabriella Klein on Friday
    Here we go again with Mr. Storey at the helm – so bored with his pointless and meaningless posts, his one-upmanship, his adolescent repartee. It’s been going on for so bloody long – don’t you get tired of your own smart-ass thoughts, Robert Storey? Don’t bother to reply
    And one might wonder at the “Gobriella” tag?
    Reply by Jane Davies 12 hours ago
    Mr. Storey, I Jane Davies am a regular reader of BFP, you Mr. Storey are a regular contributor on BFP, and you have engaged in a war of words on that forum for quite a while and seem to revel in your notoriety there and on here, and you have regaled your take of woe to us on more than one occasion, demonstrating to us how you have been the victim of anonymous posters. A victim, a bit like Mr. Ames .Now if you don’t mind Mr. Storey, we all have far more pressing issues to discuss so please contribute in an intelligent manner or alternatively sod off.
    Such an articulate lady. lol
    Reply by Jane Davies yesterday
    Mr. Storey you have played the idiot on here for long enough, with your subtle but steadfast support of Mr. Ames, attacking fellow purchasers, the latest referring to Gabriella as Gobriella, The document if read properly is self explanatory, you never answer questions, but you do ask pointed questions, your questions are designed to instil doubt. You appear not interested in seeking the truth merely engaging in infantile debate and goading others, and frankly I don’t believe I am alone in my views, We have all lost enough already, and what we least need is to have an Ames apologist on here playing the fool or worse reporting back to the visionary, sorry Mr. Storey but I have just two words for you, Sod Off.
    Again such a little gem of literacy LOL

  100. SIPP-ing

    Oh compared to Tall Storey’s efforts they are indeed gems. Keep it up Gabriella K and Jane D.

  101. Anonymous

    Bob is definetly a one off, reviled not only by all on BFP but by those on the RL forum too. It must be lonely defending the indefensible, the Lone Ranger, good man Bob FDNRM the Anonymous Wise Old Owl.

  102. Puzzled

    Just found this little Gem.

    Gabriella Klein said:
    I stayed at Bucc Bay in September 2010 when loos were overflowing, because, it was discovered, they were not attached to drains. The nice gardens, which were freshly planted, had to be dug up. Perhaps O’Halloran thought they were building a film set, like the one down the coast where Pirates of the Caribbean had been filmed. But where oh where was the clerk of works? Fantasy and reality can become so easily blurred.

    ” I agree that Fantasy and Reality can easily become blurred, given that it was Ames and his witnesses evidence that millions had to be spent on rectifying this little problem prior to the opening of the resort in August 2010.

    What Gabriella Klien was not aware of was that in late August early September 2010 the temp sewage treatment facility Ames had installed exploded. Ames’ engineers had to cap the pipes temporarily at the out flow point, to stop the sewage flowing into BBay directly. Which caused the drains to back up into the toilets. Ames then threatened to sue the Barbados supplier of the temporary sewage storage umbilicals which had exploded, however it was demonstrated by the supplier and manufacturer that the explosion was caused as a result of not following the manufacturers operational procedures.

    How do I know this, I work with the supplier.

  103. Puzzled

    The issue of the drainage was another concocted story by Ames to cover up the explosion and the sewage problems caused as a result, it was easy to blame the builder.

    Let’s not forget Ames brought in a whole bunch of engineers so he claims that claimed to have known about the drainage problem in July of 2010, so one has to ask why did Ames open his resort in August 2010 knowing that the sewage problem had not been rectified.

    Sadly when it comes to Ames a small bit of digging no pun intended, demonstrates that not all is as it appears at first glance.

  104. 14:54

    Eloquently put ladies. Bob has more than a little problem with articulate women.

  105. 14:57

    @ Puzzled
    March 7, 2015 at 2:40 pm

    Was that when Matt Ames was in charge of BB? He couldn’t be trusted to run a whelk stall.

  106. Puzzled

    No Matt Ames felt it was easier and cheaper to pump the raw sewage into BBay rather then to have it collected.

  107. Locals at BB

    Where does all the shit go from the shanty town next door to BB? I have seen local bathing in the sea, hardly 5*, notwithstanding, they are a little to close to the resort for comfort.

  108. Is Dave ‘The Skunk’ Ames still a free man?

    This is what happens when you trust a two time bankrupt window glazing salesman with your hard earned money. When he approached me to buy, I told Ames the only thing I was willing to give him was a swift kick in the ass.

  109. Anon

    @ Locals at BB, how dare the locals go bathing near BBay Resort. Why don’t the security at BBay deal with this. UK investors have pumped millions into BBay, surely it’s time to stand up and move the locals on. It’s not good enough, if the locals are damaging the investment they should be removed. Full stop. This is our money we are talking about. Shame on the Government of SVG for not dealing with that shanty town

  110. Jane

    I am an Arsenal supporter.

  111. Sid

    @anonymous 9:31, in answer to your question, no one needs to pay the remaining 70% as the contracts are in breach as they are long past their contracted completion dates so the original investor is actually entitled to a full refund of their 30% deposit plus 10% compensation. The simple fact is that HP can’t and won’t honour this clause in the contract so the FSCS will be reimbursing this money so the original investor doesn’t lose out. I’m sure they will then try to recover this 30% fee but will have absolutely no intention of completing on the contract whether Ames builds the units or not. As the contracts are in breach they are null and void and there is nothing Ames can do to enforce them. The outstanding 70% is no longer relevant so isn’t a point of contention.

  112. Anon

    Is Matt Ames going to be released soon from prison?

  113. Legal mind

    Interesting how the Harlequin shill the other day has posting about the 100% occupancy just prior to getting Harlequins insane update this morning.

  114. Inside the mind on a madman

    Dear All,

    It’s been a very busy first few months of the year so far. There are a few things we cannot publically disclose just yet, but please find below an update on what is happening at Harlequin.

    100% occupancy for both hotels; new apartment block open at Buccament Bay Resort

    The start of 2015 has been incredibly successful for both Buccament Bay Resort and blu, St Lucia with occupancy rates at 90-100% throughout January and February. The first two weeks of March will be equally busy. Whilst blu, St Lucia sells itself due to the ease of access, Buccament Bay Resort has to contend with the temporarily delayed opening of the new international airport (we have been informed it is on track to open in November of this year), which is why the team has been driving occupancy with special offers to build upon its already excellent reputation and encourage repeat business.

    The vast majority clearly love their stay given the excellent feedback we receive, which bodes well for the time that Buccament Bay Resort is built to completion.

    In other news, Buccament Bay Resort now has eight new suites available in its first apartment block, Elaenia Suites. In what will be a theme for all apartment blocks, Elaenia Suites is named after a tropical Vincentian bird that is known for inhabiting woodlands and gardens, which is very apt considering the block’s location in the lush lap of rainforest-cloaked mountains. There are four types of suite available: junior, which is a studio apartment; one-bed; two-bed; and master.

    Elsewhere, development has continued on the Resort with a number of back of house improvements to the restaurants to meet growing demand. There are now over 100 villas open for guests with more being completed on an ongoing basis.

    The Resort’s website, shows how well it is developing.

    H, Barbados: construction update

    We are making progress reaching an agreement for the construction of H, Barbados. As previously communicated, the goal is a 2016 opening. We will update you when we have further news.

    The FSCS and the Trust

    Following aggressive lobbying and PR by a compensation firm and a subsequent update by the FSCS regarding redress for SIPP purchasers, a great deal of uncertainty has been fostered by vague and disputable information in the public domain.Harlequin is currently in contact with the FSCS in order to clarify a number of ill-defined, unsupported or absent points. It is clear that the FSCS is doing what it can to allow compensation payments and this requires a certain valuation in order for payments to be valid, but the lack of detail has had the unfortunate consequence of allowing third parties to opportunistically fill in the gaps in information. We await the response of the FSCS to our recent comments.

    Whatever response we receive, it is clear that the Trust will need to adapt to these new circumstances. Therefore we are going to postpone the Trust deadline until the situation becomes clearer.In the interim, Harlequin is working on the best way to securitise direct investors who, as things stand, can enter the Trust without added complication. This is likely to involve reducing the land assets to provide adequate security for the smaller membership base.

    As stated previously Harlequin welcomes the opportunity for SIPP investors who consider they have been mis-sold a Harlequin investment by their adviser to seek redress.

    Completions from £20,000*

    We can now invite you to enter the completion process at blu, St Lucia and investors can even enter the completion process from just £20,000.

    Investors can also join Harlequin in building towards a secure financial future by making instalment payments towards stage completion at H, Barbados. There are limited properties available for purchasers with deposits in other developments.Lastly, there are also a limited number of properties available for completion at Buccament Bay Resort, so investors have the choice of three exciting projects.

    If you are an existing purchaser and have balancing funds available, please contact Dan Dalligan or Vinny Stenning so we can work towards the realisation of your investment. Their contact details are as follows:

    Wilkins Kennedy claim

    We can confirm more details on Harlequin’s professional negligence claim against Wilkins Kennedy. It has been agreed that the case will be listed for six weeks, which requires the court, a judge, and legal advisors on both sides to be available for the full one-and-a-half month period; additionally, the legal advisors must be available for a number of weeks leading up to trial, which posed particular difficulties for Wilkins Kennedy’s legal team. All parties have agreed that, for the sake of continuity, the trial is listed to take place in June 2016. The judge also agreed official directions for disclosure (i.e. each side disclosing the relevant documents they hold), filing of witness statements, and expert evidence, etc., leading up to the trial.

    In recent days, further damaging evidence has come to light that strengthens both our case against Wilkins Kennedy and our stance with regards to the SFO investigation.

    Graham Hawkins promoted to Director of Operations

    Harlequin is pleased to announce the promotion of Graham Hawkins to Director of Operations for the Harlequin group. Graham, who has been with Harlequin for the past four years as Director of Trade and Leisure, has been responsible for developing our sales strategy and working relationships within the travel industry in the UK, Europe, and North America. His achievements have seen a tremendous year-on-year growth in sales over the past four years that has exceeded expectations. Additionally, Graham has worked with all of our partners in ensuring that Harlequin is an internationally recognised brand.

    Now, in addition to those duties, he will also provide support to the General Managers of both Harlequin hotels to ensure their smooth operation, assist in the opening of H, Barbados, and oversee all Sales activity with the travel trade.

    We will update you all again soon.

    Regards,

    Harlequin

    *Terms and conditions apply

  115. Dirty little secrets

    One in the eye for agents.

    As stated previously Harlequin welcomes the opportunity for SIPP investors who consider they have been mis-sold a Harlequin investment by their adviser to seek redress.

  116. Bob Bob Bobbing along

    Harlequin won’t last until June 2016. Are WK running Ames out of money / time?

  117. Anonymous

    So Sid if the contracts are null and void then the FSCS will be holding worthless pieces of paper and will not have any % ownership claims on HP.

  118. Argos Warehouse Assistant

    @Legal mind
    Not that interesting if you knew the poster was Vinny Stenning.

  119. Argos Warehouse Assistant

    An interesting, and could it even be said mature, update from Harlequin.

    Good news on Blu completions – hopefully people with outstanding balances will be able to buy up some of the property there to at least get an asset. Quite how that would work if you put in £50k+ for another unit, I don’t know.

    Further decent news to hear that Harlequin actually have a management structure. When Ames gets taken down, these will hopefully be able to keep the investments afloat.

    Some whitewash regarding the FSCS. This idea that Harlequin will now ride off into the sunset is false

  120. Anon

    Dear All,

    It’s been a very busy first few months of the year so far. There are a few things we cannot publically disclose just yet, but please find below an update on what is happening at Harlequin.

    ( Dear Mr. Ames when have you ever disclosed anything which resembles the truth, for years now we have been told you cannot publically disclose all manner of details “just yet”, just yet is a long time coming )

    100% occupancy for both hotels; new apartment block open at Buccament Bay Resort

    The start of 2015 has been incredibly successful for both Buccament Bay Resort and blu, St Lucia with occupancy rates at 90-100% throughout January and February. The first two weeks of March will be equally busy. Whilst blu, St Lucia sells itself due to the ease of access, Buccament Bay Resort has to contend with the temporarily delayed opening of the new international airport (we have been informed it is on track to open in November of this year), which is why the team has been driving occupancy with special offers to build upon its already excellent reputation and encourage repeat business.

    ( The Special Offers have always been available. What airlines have signed up to fly to the new airport in November flying directly from the UK and US? With 100% occupancy without the new airport, why worry about it for now, it will take at least two years for new units to become available).

    The vast majority clearly love their stay given the excellent feedback we receive, which bodes well for the time that Buccament Bay Resort is built to completion.

    ( Many of the reviewers have commented on the fact that the resort is big enough as it is, as you state further down you now have c 150 units available if you include the apartments, so how do you expect to accommodate guests when you complete the additional 1150 units + sold).

    In other news, Buccament Bay Resort now has eight new suites available in its first apartment block, Elaenia Suites. In what will be a theme for all apartment blocks, Elaenia Suites is named after a tropical Vincentian bird that is known for inhabiting woodlands and gardens, which is very apt considering the block’s location in the lush lap of rainforest-cloaked mountains. There are four types of suite available: junior, which is a studio apartment; one-bed; two-bed; and master.

    ( Big deal, you are 7 years late in delivering these )

    Elsewhere, development has continued on the Resort with a number of back of house improvements to the restaurants to meet growing demand. There are now over 100 villas open for guests with more being completed on an ongoing basis.

    (You have been telling us for over three years now that you have opened over 100 villas and each update includes a mention of improvements to the back of house )

    The Resort’s website, shows how well it is developing.

    H, Barbados: construction update

    We are making progress reaching an agreement for the construction of H, Barbados. As previously communicated, the goal is a 2016 opening. We will update you when we have further news.

    ( You stated you were starting in March, it is now March).

    The FSCS and the Trust

    Following aggressive lobbying and PR by a compensation firm and a subsequent update by the FSCS regarding redress for SIPP purchasers, a great deal of uncertainty has been fostered by vague and disputable information in the public domain.

    Harlequin is currently in contact with the FSCS in order to clarify a number of ill-defined, unsupported or absent points.

    (Dave the FSCS have publically stated that your companies are insolvent, if you have information that proves this is not the case, well why not go public with this information. The FSCS have stated that as a result of the insolvency of your companies there is no prospect of investors recovering any monies from your companies, please tell the world what it is that the FSCS got wrong, you have lied about the FSCS in the past, so what is different now ? ).

    It is clear that the FSCS is doing what it can to allow compensation payments and this requires a certain valuation in order for payments to be valid, but the lack of detail has had the unfortunate consequence of allowing third parties to opportunistically fill in the gaps in information. We await the response of the FSCS to our recent comments.

    ( You have had plenty of opportunity to fill in the gaps, yet have failed to do so)

    ( The FSCS stated the companies were insolvent, Jim Baker stated that the companies were insolvent, Jim Baker works for you Ames)

    Whatever response we receive, it is clear that the Trust will need to adapt to these new circumstances. Therefore we are going to postpone the Trust deadline until the situation becomes clearer.In the interim, Harlequin is working on the best way to securitise direct investors who, as things stand, can enter the Trust without added complication. This is likely to involve reducing the land assets to provide adequate security for the smaller membership base.

    ( Reducing what land assets? The common parts of Buccament Bay ? )

    As stated previously Harlequin welcomes the opportunity for SIPP investors who consider they have been mis-sold a Harlequin investment by their adviser to seek redress.

    ( So you have no problem in throwing your much vaunted agents to the wolves, no surprise there).

    Completions from £20,000*

    We can now invite you to enter the completion process at blu, St Lucia and investors can even enter the completion process from just £20,000.

    (BLU Hotel is not registered in any of the Ames company names, if you pay £ 20,000 do you obtain full legal title to your room. And why are you asking invrstors to complete on BLU when you have yet to undertake the refurbishment of this property. Anyone stupid enough to pay money over to you Mr. Ames deserves to lose the lot, if any investors ploughs money into Ames now and it goes belly up, you will find it impossible to obtain any redress. Ames’ companies are insolvent according to the FSCS,).

    Investors can also join Harlequin in building towards a secure financial future by making instalment payments towards stage completion at H, Barbados. There are limited properties available for purchasers with deposits in other developments.Lastly, there are also a limited number of properties available for completion at Buccament Bay Resort, so investors have the choice of three exciting projects.

    ( Three exciting projects??? What about the 5 mega resorts? Investors already handed over in excess of £ 440 million quid, so by virtue of doing this have already joined Harlequin. What an absolutely disingenuous statement )

    If you are an existing purchaser and have balancing funds available, please contact Dan Dalligan or Vinny Stenning so we can work towards the realisation of your investment. Their contact details are as follows:

    ( it’s simple, put the balancing funds into an escrow account, then the funds will be released once the investor has full and legal title, but given the insolvent nature of the companies it would be absolute madness to hand over one single red cent).

    Wilkins Kennedy claim

    We can confirm more details on Harlequin’s professional negligence claim against Wilkins Kennedy. It has been agreed that the case will be listed for six weeks, which requires the court, a judge, and legal advisors on both sides to be available for the full one-and-a-half month period; additionally, the legal advisors must be available for a number of weeks leading up to trial, which posed particular difficulties for Wilkins Kennedy’s legal team.
    ( Sorry what a load of horse shit, Dave why are you trying to blame Kennedys the insurers lawyers for any delay ?).

    All parties have agreed that, for the sake of continuity, the trial is listed to take place in June 2016.

    The judge also agreed official directions for disclosure (i.e. each side disclosing the relevant documents they hold), filing of witness statements, and expert evidence, etc., leading up to the trial.

    ( Thanks for the update, this is the same for all cases).

    In recent days, further damaging evidence has come to light that strengthens both our case against Wilkins Kennedy and our stance with regards to the SFO investigation.

    ( Dave has this anything to do with the offer of £ 250 k for assistance in the Wilkins Kennedy case? And what do you mean by stance with regards to the SFO investigation? They are investigating you for serious fraud, you of course will deny any and all wrongdoing, are you suggesting that the SFO have acted in a manner unbeffiting of that organisation? ).

    Graham Hawkins promoted to Director of Operations

    Harlequin is pleased to announce the promotion of Graham Hawkins to Director of Operations for the Harlequin group. Graham, who has been with Harlequin for the past four years as Director of Trade and Leisure, has been responsible for developing our sales strategy and working relationships within the travel industry in the UK, Europe, and North America. His achievements have seen a tremendous year-on-year growth in sales over the past four years that has exceeded expectations. Additionally, Graham has worked with all of our partners in ensuring that Harlequin is an internationally recognised brand.

    Now, in addition to those duties, he will also provide support to the General Managers of both Harlequin hotels to ensure their smooth operation, assist in the opening of H, Barbados, and oversee all Sales activity with the travel trade.

    We will update you all again soon.

    Regards,

    Harlequin

    *Terms and conditions apply

  121. SIPP-ing

    Well they don’t call him aimless ames for nowt

  122. Keeping up with the Jones (not very well)

    You assume the special deal has not been reported…..

  123. Anonymous

    Anon, if only you knew about the new evidence regarding WK and the SFO. But you don’t so you will just have to be patient.

  124. Anon

    @ Anonymous on March 7, 2015 at 9:52 pm

    What a bizarre comment.

    “Anon, if only you knew about the new evidence regarding WK and the SFO. But you don’t so you will just have to be patient.”

    Whatever about WK, with respect to the SFO, I’ve always thought that it was they who obtained the evidence and investigated cases, Ames’ update seems to suggest that the SFO are about to be on the receiving end of redefined logic when it comes to criminal cases.

    Can’t wait to find out what this new evidence is?

    Sadly we will never know. And who cares, the SFO are investigating Ames, no change on the website, The FSCS have said that Ames’ companies are insolvent, and it’s the authorities who I believe.

  125. SIPP-ing

    All these years this stuff’s been rumbling on here in BFP- has any useful information actually ever come out of it? Do re-cap if you know of anything that might help.

  126. Anonymous

    Worth reposting this again given the expected reaction it has caused. If Dave does not want the world to see his BS then why send out updates in the first place.

    Anon on March 7, 2015 at 9:32 pm
    Dear All,

    It’s been a very busy first few months of the year so far. There are a few things we cannot publically disclose just yet, but please find below an update on what is happening at Harlequin.

    ( Dear Mr. Ames when have you ever disclosed anything which resembles the truth, for years now we have been told you cannot publically disclose all manner of details “just yet”, just yet is a long time coming )

    100% occupancy for both hotels; new apartment block open at Buccament Bay Resort

    The start of 2015 has been incredibly successful for both Buccament Bay Resort and blu, St Lucia with occupancy rates at 90-100% throughout January and February. The first two weeks of March will be equally busy. Whilst blu, St Lucia sells itself due to the ease of access, Buccament Bay Resort has to contend with the temporarily delayed opening of the new international airport (we have been informed it is on track to open in November of this year), which is why the team has been driving occupancy with special offers to build upon its already excellent reputation and encourage repeat business.

    ( The Special Offers have always been available. What airlines have signed up to fly to the new airport in November flying directly from the UK and US? With 100% occupancy without the new airport, why worry about it for now, it will take at least two years for new units to become available).

    The vast majority clearly love their stay given the excellent feedback we receive, which bodes well for the time that Buccament Bay Resort is built to completion.

    ( Many of the reviewers have commented on the fact that the resort is big enough as it is, as you state further down you now have c 150 units available if you include the apartments, so how do you expect to accommodate guests when you complete the additional 1150 units + sold).

    In other news, Buccament Bay Resort now has eight new suites available in its first apartment block, Elaenia Suites. In what will be a theme for all apartment blocks, Elaenia Suites is named after a tropical Vincentian bird that is known for inhabiting woodlands and gardens, which is very apt considering the block’s location in the lush lap of rainforest-cloaked mountains. There are four types of suite available: junior, which is a studio apartment; one-bed; two-bed; and master.

    ( Big deal, you are 7 years late in delivering these )

    Elsewhere, development has continued on the Resort with a number of back of house improvements to the restaurants to meet growing demand. There are now over 100 villas open for guests with more being completed on an ongoing basis.

    (You have been telling us for over three years now that you have opened over 100 villas and each update includes a mention of improvements to the back of house )

    The Resort’s website, shows how well it is developing.

    H, Barbados: construction update

    We are making progress reaching an agreement for the construction of H, Barbados. As previously communicated, the goal is a 2016 opening. We will update you when we have further news.

    ( You stated you were starting in March, it is now March).

    The FSCS and the Trust

    Following aggressive lobbying and PR by a compensation firm and a subsequent update by the FSCS regarding redress for SIPP purchasers, a great deal of uncertainty has been fostered by vague and disputable information in the public domain.

    Harlequin is currently in contact with the FSCS in order to clarify a number of ill-defined, unsupported or absent points.

    (Dave the FSCS have publically stated that your companies are insolvent, if you have information that proves this is not the case, well why not go public with this information. The FSCS have stated that as a result of the insolvency of your companies there is no prospect of investors recovering any monies from your companies, please tell the world what it is that the FSCS got wrong, you have lied about the FSCS in the past, so what is different now ? ).

    It is clear that the FSCS is doing what it can to allow compensation payments and this requires a certain valuation in order for payments to be valid, but the lack of detail has had the unfortunate consequence of allowing third parties to opportunistically fill in the gaps in information. We await the response of the FSCS to our recent comments.

    ( You have had plenty of opportunity to fill in the gaps, yet have failed to do so)

    ( The FSCS stated the companies were insolvent, Jim Baker stated that the companies were insolvent, Jim Baker works for you Ames)

    Whatever response we receive, it is clear that the Trust will need to adapt to these new circumstances. Therefore we are going to postpone the Trust deadline until the situation becomes clearer.In the interim, Harlequin is working on the best way to securitise direct investors who, as things stand, can enter the Trust without added complication. This is likely to involve reducing the land assets to provide adequate security for the smaller membership base.

    ( Reducing what land assets? The common parts of Buccament Bay ? )

    As stated previously Harlequin welcomes the opportunity for SIPP investors who consider they have been mis-sold a Harlequin investment by their adviser to seek redress.

    ( So you have no problem in throwing your much vaunted agents to the wolves, no surprise there).

    Completions from £20,000*

    We can now invite you to enter the completion process at blu, St Lucia and investors can even enter the completion process from just £20,000.

    (BLU Hotel is not registered in any of the Ames company names, if you pay £ 20,000 do you obtain full legal title to your room. And why are you asking invrstors to complete on BLU when you have yet to undertake the refurbishment of this property. Anyone stupid enough to pay money over to you Mr. Ames deserves to lose the lot, if any investors ploughs money into Ames now and it goes belly up, you will find it impossible to obtain any redress. Ames’ companies are insolvent according to the FSCS,).

    Investors can also join Harlequin in building towards a secure financial future by making instalment payments towards stage completion at H, Barbados. There are limited properties available for purchasers with deposits in other developments.Lastly, there are also a limited number of properties available for completion at Buccament Bay Resort, so investors have the choice of three exciting projects.

    ( Three exciting projects??? What about the 5 mega resorts? Investors already handed over in excess of £ 440 million quid, so by virtue of doing this have already joined Harlequin. What an absolutely disingenuous statement )

    If you are an existing purchaser and have balancing funds available, please contact Dan Dalligan or Vinny Stenning so we can work towards the realisation of your investment. Their contact details are as follows:

    ( it’s simple, put the balancing funds into an escrow account, then the funds will be released once the investor has full and legal title, but given the insolvent nature of the companies it would be absolute madness to hand over one single red cent).

    Wilkins Kennedy claim

    We can confirm more details on Harlequin’s professional negligence claim against Wilkins Kennedy. It has been agreed that the case will be listed for six weeks, which requires the court, a judge, and legal advisors on both sides to be available for the full one-and-a-half month period; additionally, the legal advisors must be available for a number of weeks leading up to trial, which posed particular difficulties for Wilkins Kennedy’s legal team.
    ( Sorry what a load of horse shit, Dave why are you trying to blame Kennedys the insurers lawyers for any delay ?).

    All parties have agreed that, for the sake of continuity, the trial is listed to take place in June 2016.

    The judge also agreed official directions for disclosure (i.e. each side disclosing the relevant documents they hold), filing of witness statements, and expert evidence, etc., leading up to the trial.

    ( Thanks for the update, this is the same for all cases).

    In recent days, further damaging evidence has come to light that strengthens both our case against Wilkins Kennedy and our stance with regards to the SFO investigation.

    ( Dave has this anything to do with the offer of £ 250 k for assistance in the Wilkins Kennedy case? And what do you mean by stance with regards to the SFO investigation? They are investigating you for serious fraud, you of course will deny any and all wrongdoing, are you suggesting that the SFO have acted in a manner unbeffiting of that organisation? ).

    Graham Hawkins promoted to Director of Operations

    Harlequin is pleased to announce the promotion of Graham Hawkins to Director of Operations for the Harlequin group. Graham, who has been with Harlequin for the past four years as Director of Trade and Leisure, has been responsible for developing our sales strategy and working relationships within the travel industry in the UK, Europe, and North America. His achievements have seen a tremendous year-on-year growth in sales over the past four years that has exceeded expectations. Additionally, Graham has worked with all of our partners in ensuring that Harlequin is an internationally recognised brand.

    Now, in addition to those duties, he will also provide support to the General Managers of both Harlequin hotels to ensure their smooth operation, assist in the opening of H, Barbados, and oversee all Sales activity with the travel trade.

    We will update you all again soon.

    Regards,

    Harlequin

    *Terms and conditions apply

  127. Just Wondering

    I am still wondering how dave ames knew what investors were putting on their finance applications ?

  128. Anonymous

    This must be the first update from Ames where there has been no mention of 3rd party finance.

    We do however have Ames telling investors that they can commence the completion process at Blu from as little as £ 20,000.00, what the hell does this mean? How many investors can complete on a room in Blu?

    Is the £ 20,000.00 the 70% balance. Does this mean the rooms at Blu were sold for £ 28 k, or is Ames now changing the model into some form of timeshare? Or what they call an unregulated collective investment scheme?

    It looks to me like Ames is desperate for cash.

    And the H hotel in Barbados, the deadline for signing up for the stage payments on this was the 31st of December 2014, but who cares about deadlines eh,

    So what did Ames tell us on the 7th of December vs what he told us today.

    Ok completions of units carry on a pace albeit a very very slow pace.

    The Wilkins Kennedy case was supposed to have been decided in 2015 but is now not due to be heard until July 2016, but this is no fault of Dave Ames, it’s the fault of the lawyers for Wilkins Kennedy, so to all investors who have been promised a share of the funds from the Wilkins Kennedy case of they promised to stay their proceedings for a short number of months, thanks to those nasty cooperate lawyers for WK you will just have to wait another 18 months or so, just for the conclusion of the case.

    Harlequin was in a much more stable position on the 7th of December then it apparently finds itself now, on the 7th of December the FSCS had valued the contracts at £1 they are now valued at £0. The one upside is they can’t become less valuable.

    The restart of the construction of the H Hotel was due to commence in the first quarter of 2015, looks like this might not happen now, but well we expect delays when it comes to Ames. Nothing new there then.

    Oh yeah Ames was actively seeking finance on the 7th of December, well no mention of that now. Hmmmm I wonder.

    Here is the update from December the 7 th.

    H Hotel
    December 7, 2014 at 9:32 pm
    Dear H, Barbados Purchaser,

    RE: H, BARBADOS – FINANCE AND DEVELOPMENT

    Over the last 12 months, against all odds Harlequin has become an established name in the Caribbean tourism industry with the recent successes of Buccament Bay Resort, St Vincent & The Grenadines, and blu, St Lucia. Whilst construction and development has continued at these two properties, with completions of well over 100 properties already underway in St Vincent, it has always been the intention to restart development elsewhere and the natural choice to expand our Caribbean offering is the stunning H, Barbados project.

    Construction at H, Barbados was at an advanced stage in 2013 before Harlequin experienced its various problems, which promptly halted Harlequin Developments’ ability to operate effectively and build luxury resorts. Since that time, many offers have been tendered to us for purchase of the site and proposals have been made to enter a joint venture agreement to build H, Barbados. All offers and proposals have been treated with the utmost care, caution and respect with due consideration given to the best way to proceed with the project – with or without Harlequin.

    Harlequin is now in a more stable position than it has been in recent times and, with the expected professional negligence case against Wilkins Kennedy likely to be decided in 2015, Harlequin must now continue its restructuring efforts by restarting construction of the 78-room H, Barbados project in the first quarter of 2015.

    In order for this to happen, we need willing purchasers who are able to pay in instalments for their H, Barbados property investment and fund the development so that the highly desirable luxury hotel can begin trading as soon as possible. Payments will be set at an agreed level for the duration of the development works, with each instalment after the initial payment tied to development milestones. This means that subsequent payments will only be sought upon completion of established development targets (e.g. finishing the hotel’s skeleton frame). Our preference would be for all of the original H, Barbados purchasers to take part, but we understand the challenge this presents.

    If you are unable to commit to financing your H, Barbados property investment, Harlequin must act in the interests of all purchasers. The likely option for any purchasers who cannot meet the above terms is to re-allocate their deposit to a property of an equal or higher value at another development.

    Please contact either Dan Dalligan or Vinny Stenning on 01268 242 460 by December 31st 2014 to discuss a way forward that works for you. Alternatively, you can email them on:

    Our hope is that, on sight of this letter, you will either proceed with us or willingly consent to moving your deposit to a different development, thus enabling an able purchaser to join the process and increase the chances of future investment success for the Harlequin client base as a whole with a new luxury development up and running by early 2016.

    In the meantime, we continue to work with our external advisors to restructure the business in order to raise external finance for the continuing development of the resorts in the Caribbean, which we hope will lead to mortgages being available for future completions at other developments.

    Thank you for your continued support.

    Yours sincerely,

    Dave Ames

  129. Anonymous

    This is what Ames said on the 24th of December.

    The deadline for investors to join the Trust has been set as Tuesday 31st March, 2015. We believe this will be enough time to allow Harlequin to meet the requirements of SIPP providers, but in the event that more time is needed for SIPP investors to enter the Trust, we will keep the deadline in place for direct investors.

    This is what Ames said today.

    Whatever response we receive, it is clear that the Trust will need to adapt to these new circumstances. Therefore we are going to postpone the Trust deadline until the situation becomes clearer.In the interim, Harlequin is working on the best way to securitise direct investors who, as things stand, can enter the Trust without added complication. This is likely to involve reducing the land assets to provide adequate security for the smaller membership base.

    This is what Ames said on the 24 th of December.

    Once the Trust is established and we win the Wilkins Kennedy claim, I am very confident that development on these projects will restart soon after, enabling Harlequin to deliver the investments.

    Oooops so really nothing much can happen until September / October 2016, and if WK win? What happens ? Or if they loose and appeal what happens ?

    This is starting to become pathetic,

    Ames wants to have a kind of trust before he gets the SIPPs people on board,

    Let’s look at what he said on the 24 th of December re SIPPs.

    Harlequin has sought to alleviate the stress imposed by third parties by allowing investors and agents the time to digest the Trust documentation. It has also been necessary to allow time for the SIPP providers to work with us towards entering SIPP investors into the Trust. Now we are approaching what will be a very important year for Harlequin, it is essential that we have a deadline in sight.

    Well it looks like the FSCS redress option kind of scuppers that option up for Ames.

    So let’s see where we are, going by Ames’ time frames nothing of substance will really happen for another 20-24 months, and this is of course predicated on Ames winning the WK case, 24 months is two years. So let’s say it will take a further 2-4 years to build out some more units, hmmmm, remember it took Ames 9 years to construct a little over 100 units at Buccament Bay, it took him nearly 3 years to bring the H Hotel to where it is today, half demolished. It took him nearly 9 years to semi construct 3 now vandalised show rooms at Merricks, and this when he had over £ 440 million quid.

    So some 13-14 years after Ames started taking deposits we have promises that more units aside from the H Hotel will be completed, but heh once again Ames is missing deadlines he himself has made, the H Hotel Barbados to restart first quarter 2015, the trust deadline 31st March, the WK case to be over in 2015.

    Seriously what is this guy on, cause I would love some of it.

    The FSCS are wrong and acted because of RL. The SFO case is over because an alleged witness is being sued for Defamation by Ames. The WK case has been delayed because of their lawyers. Wonder what the excuse is for not filing accounts.

    A further 38 cases were filed against Ames his wife and various companies in Jan & Feb of this year in SVG this comes to a total of 114 cases against Ames and co. currently in SVG.

  130. Anonymous

    @ Just Wondering on March 7, 2015 at 11:57 pm
    I am still wondering how dave ames knew what investors were putting on their finance applications ?

    Well according to various investors it was Harlequin and Ames who told purchasers to lie about the purposes of loans being applied for, well at leasy thats the allegation anyway,

  131. Mr. Man

    So the big news is that Dave Ames is suing me for defamation, well well well folks, Ames now wants to bully me ? Does he hope I will roll over and die ?
    Yes I am a witness, and no suing me for defamation will not make a damned bit of difference.

  132. Anonymous

    Get in line, Son. Plenty of us being sued by Ames for defamation for discussing his fuck-ups and lies. Looks like you’re as bothered about that as the rest of us.

  133. Anon

    “A further 38 cases were filed against Ames his wife and various companies in Jan & Feb of this year in SVG this comes to a total of 114 cases against Ames and co. currently in SVG.”

    This is the single most important point anyone looking to work with the remainder of Harlequin needs to consider.

  134. Anonymous

    Does this mean Mr Man you will now be posting under your read ID rather than hiding behind the other Anon ID that you use? I hope your charade will then stop.

  135. Anon

    Wonder what the “damning evidence” could be.

    In our world, it would likely be some sort of smoking gun – a definite demonstration of not only the guilt of the accused, but also that the gravity of their crimes succeeded in derailing the entire operation (as claimed by Ames). We all know this is not the case, but this is Harlequin.

    As we’ve come to realize, Ames’ claims in his updates will, in reality, likely be much less fantastic. Remember when he told everyone the IP’s he had from the subpoena gave him the identity of two companies? Wonder what happened to that. To that end, wonder what happened to Harlequin Air – all quiet about that gem now.

  136. SIPP-ing

    There was a time when I thought the pro Ames crew were simply deluded, not too bright or in his pocket. Now I’m convinced some are mentally ill.

  137. Counting House

    RL are not bothered about anything else other than redress. Period.

    The generated SRA complaints quietened RL up for a bit. However, they used the time well to get the FSCS to value the investments at “nil” and to apply an “insolvent” status to Harlequin.

    These actions are not anti Harlequin, but pro RL and the redress lottery.

    With 50% of SIPP Investors signed up, a process to work for the £50,000+ cases and claims to deal with the annual management charges levied by the SIPPs, RL have done a good job.

    RL have no interest in all the sideshows as they do not make any money.

    Just think while the Harlequin lawyers have to explain themselves later this year, the RL people will have more than enough money to retire. Poetic justice.

    So Mote it Be,

    S&F

    GF

  138. SIPP-ing

    If that were true it would merely be pragmatic. It doesn’t exonerate Ames, the agents and others that helped £200 million in commissions and expenses + £40 and more millions still unaccounted for- disappear.

  139. Anon

    Who is Dave Man again? Oh yes he was a business partner of Dave Ames, ok so let’s not bother about what he says, let’s just stick with facts shall we, Dave Man must have some written material on Ames and Harlequin, emails perhaps? Now if someone had them, ouch, twitchy bottom time for Ames perhaps? Oh yeah Dave Man is the only one who made a complaint to the SFO, so now that Dave Ames has discredited him the SFO case is over.

    I just love it, The FSCS have it all wrong, any one remember the update when BDO resigned??? Carol Ames said BDO got it all wrong too. And remember we were all told by Dave that HMSSE would exit administration shortly, well it did and went straight into liquidation, anyone remember an update from Ames then telling us that the liquidation of HMSSE formed part of the overall restructuring…

    Then we had Ames promising litigants a share in the Wilkins Kennedy winnings, if that case was to be heard within the next 10 months or so, surprise surprise, the case is not due to be heard for another 17 months or so, with not outcome for 20-22 months. Oh yeah the delay is not Ames’ fault it is the fault of Wilkins Kennedys lawyers.

    Jesus Christ there is nothing at all in the latest update that resembles the truth in any form, the freak show that is the Ames family just cannot help themselves one bit whatsoever.

  140. Oh Lord my God,is there no help for the widows son

    The Brotherhood works in mysterious way, ever wondered why the FSCS rolled over……

  141. Just Wondering

    When Dave Ames discovered investors were lying on their finance applications, I presume he immediately advised clients / ifas / agents to stop this practice, and returned the ill gotten gain, and informed all the relevant parties.

    knowing what an honest , upright type of person Dave Ames is, he wouldn’t want to financially gain from any type of illegal activity, or misrepresentation., compromising clients. agents IFA’s and financial institutions. Dave would put his clients and partners interests first, even
    if it meant not being able to complete 100 hotel rooms in 8 years.

    Heaven forbid that one of the 6000 investors that have worthless contracts, would accuse dave of aiding and abetting. And I know the agents and IFAS that sold his legitimate investment, will rush to deny Dave, or any of his wonderful employees, would play any part in this.

    I cant wait until his son is out of prison, I just hope I can get some money to invest in his next business venture.

  142. Try me and prove me ..

    The FSCS are a government department. Their announcements are the official position.

    You cannot beat the establishment. It will be slow, but in the end, it will get you.

    Ames is not part of the establishment, nor can he ever be. Breeding and background is the key.

    The FSCS’s actions will have two effects :-

    (a) to choke Ames
    (b) to pay redress

    At least for SIPP Investors they won’t have to receive any more Ames updates. Lucky them.

  143. Emulation Ritual

    It’s taken a lot of work to get the various departments all reading from the same little blue book.

    After the FSCS pay out, other departments will strike.

    Then Harlequin will be deprived of everything, poor and penniless!

    S&F

  144. Anonymous

    @Anon “who is Dave Man?” Thats you, you fecking donkey. Why keep hiding behind an Anon ID if you have nothing to hide?

  145. Chasing the Dragon

    The redress is like heroin. Investors love it. They love it more than Dave.

    Dave cannot beat the opium of the masses.

  146. Anonymous

    Yank one off, it’s easy, another of your many many IDs.

  147. Anonymous

    It seems such a shame to sully these songs with anything to do with the Ames family.

  148. Calling off

    The Blue Book tells me that it is “High Time” that this matter were closed.

  149. Anonymous

    It seems such a shame to sully this forum with idiotic video clips. Slows down the loading up of the thread.

  150. Fidelity, Fidelity ,Fidelity

    I think your right, as long as matters are ”properly prepared” for the FSCS claims should sail through.

    It’s such a shame investors have been kept in a ”state of darkness” over several matters.

  151. SIPP-ing

    Investors have no reason be in the dark. There is plenty of help and advice if you look for it.

  152. Anonymous

    Even if you stretched credulity to breaking point by believing that Ames has done nothing worthy of a criminal prosecution, you could only then think he is the most haphazard, unlucky and generally maladroit businessman who could not be trusted with anyone’s money.

    Even if all the calamities that have fallen on Harlequin were all genuinely the fault of third parties, you have to agree that these were all business relationships that were, at one time, established and agreed by the company directors and chairman. If these people are all hopeless and/or criminals then you have to question his business judgement in appointing them in the first place.

  153. Supper SIPPS

    He went from a shitty semi, to millionaire status in a few years. So, he’s fighting to :-

    A) Keep that lifestyle up.
    B) Stay out of jail.

    I must say when he loses all that and ends up in jail, a broken old man, with his family in the next cell, that’s going to be a happy moment. To know that awaits his family must drive him insane.

    Now, of course, the Ingham’s and Storey’s of this World will no doubt disagree; not being SIPP investors😉

  154. Supper SIPPS

    I really don’t know what to do with my SIPP payout, maybe buy a new car? Pay off my mortgage, some light at the end of the tunnel.

  155. Anon

    The problem for Ames is that he has never taken responsibility for his actions.

    It is Ames’ assertion that both Ridgeview Construction and ICE Group robbed him blind, it is his assertion that Wilkins Kennedy were in league with the ICE Group.

    However Dave Ames took in, in excess of a quarter billon pounds £ 250 Million after RidgeView, ICE Group and Wilkins Kennedy had left, yet was unable to progress any of his resorts substantially further then from where they were in 2010.

    It is also Ames’ assertion that DLA Piper robbed him blind.

    It is Carol Ames assertion that BDO were wrong in disclaiming the 2012 accounts for HMSSE, stating that BDO did not understand the business model.

    It is Dave Ames assertion that the SFO investigation was triggered by a former shareholder and partner of Dave Ames, who Dave Ames will say was sacked due to incompetence.

    It is Dave Ames assertion that Alan Bell a former VP of Harlequin was sacked for theft.

    It is Dave Ames assertion that Gareth Fatchett pushed the SFO into going public on their investigation.

    It is Dave Ames assertion that Gareth Fatchett brought the BBC Panorama journalists to SVG.

    It is Dave Ames assertion that the issues with the FSCS and the determination by the FSCS that Ames’ companies are insolvent is as a result of the incessant lobbying by Gareth Fatchett.

    It is both Dave and Carol Ames assertion that the liquidation of HMSSE by Shipleys was not necessary and was a mistake.

    It is Dave Ames assertion that delays to the completion of units at Bucc Bay are down to the delays associated with the completion of the International Airport.

    It is Dave Ames assertion that delays in investor completions in SVG are down to the lack of experience of local SVG lawyers in transacting completions.

    It is Dave Ames assertion that delays to the projects in Barbados are down to that governments delays in granting concessions.

    It was Dave Ames assertion that the Brazil resort was cancelled because of Brazilian Goverment Bureaucracy.

    It was Dave Ames assertion that the Jamaican Resorts were cancelled as a result of Jamaican Goverment intransigence and bureaucracy.

    It was Dave Ames assertion that progress on the Two Rivers Resort and on Los Canas was delayed because of environmental bureaucracy.

    It is Dave Ames assertion that the UK is not the Jurisdiction to bring claims against him or his companies, given that there is no connection between the Caribbean and the UK operations.

    It is Dave Ames assertion that the liquidation of HMSSE and ASOL was a deliberate act which formed part of the restructuring, this despite his assertion that Shipleys got it wrong on the matter of putting HMSE into Liquidation.

    It is Dave Ames assertion that he has never lost a case, this despite confirmation from ELS legal that Ames is appealing a number of adverse judgments in St. Vincent.

    Dave Ames has also agreed settlemenf terms with a number of investors exceeding £ 3 million. There are deadlines to the repayment of these monies, some of these deadlines were contingent on the Wilkins Kennedy case being resolved in 2015, we now have Dave Ames blaming Wilkins Kennedys insurers for slowing down the proceedings, of course Dave Ames will use this as an excuse as to why he is unable to pay the agreed settlements on time.

    On this issue, it is also rather odd given the claims that there are freezing orders still in place over Dave Ames’ assets that he can state that he continues to spend money on the development of the Buccament Bay Resort on improving “Back of House” facilities, which by their nature could not be seen by the guests, and his continuous statements that building work at Buccament Bay continues apace. Building work has continued apace for nearly 9 years now and in that time Ames has managed to complete a little over 100 villas and 50 apartments,

    And what else has Dave Ames told investors.

    (a) A banking glitch prevented the payment of investors interest. Untrue.

    (b). That the FSCS needed investors to join the trust. Untrue.

    (c). That HMSSE would exit administration by December 2014. Untrue.

    (d). That the administration of HMSSE was planned as part of the restructuring. Untrue.

    (e). That the liquidation of ASOL was a deliberate action forming part of the restructuring. Untrue. To do so is an illegal act.

    (f). That he has never lost a case. Untrue.

    (g). That financiers have been queing up to provide finance. Untrue.

    (h). That he has fulfilled his statutory requirements regarding the filling of accounts on SVG. Untrue.

    (i). His apparent denial that his companies are insolvent despite a witness statement from his current accountants which demonstrate just that.

    (j). His inability to account for substantial personal assets despite being obligated to do so through the courts.

    (k). That the SFO were about to drop their case. Untrue.

    Dave Ames is currently trying to raise additional funds from investors. Dave Ames has already comitted in excess of £ 3 million of this money to investors by way of settlement of claims.

    If an investor was to pay Dave Ames additional monies and if they were to ask Ames what had become of this money he can correctly state that the money was spent in the ordinary course of business, even if the money is used to pay settlement figures to other investors. This practice as a matter law is recognised as being payments made under the ordinary course of business.

  156. Light evening snack SIPPs

    @ Supper SIPPS on March 8, 2015 at 2:45 pm
    I really don’t know what to do with my SIPP payout, maybe buy a new car? Pay off my mortgage, some light at the end of the tunnel.

    ” How about investing this in the magnificent H Hotel in Barbados, which will achieve a 400 % occupancy rate and where you will obtain an immediate return of 100% of your investment daily, it’s your money so do what you want with it. Just make sure you keep a little aside just in case HMRC come knocking as a result of the failed SIPP investment. “

  157. Supper SIPPS

    I believe Ames needs to worry about HMRC along with the agents who paid no tax on the money Ames paid in commission.

  158. Drop of hands?

    Crazier walked away, before she got in trouble. Lets just say her past caught up with her.

    Has she been paid yet – nope.

  159. Anonymous

    Another long winded post from Davy boy. Look mr Man, give it up. Nobody really cares what you think.

  160. Calling off

    Fatchett may be a slick operator, but he cannot direct the FSCS or the SFO.

    That’s just nonsense.

  161. Handwriting Experts Required Apply to RL

    Emptage Cases
    by Regulatory Legal Solicitors
    2 hours ago

    All,
    It is certainly worth applying to the FSCS as they value Harlequin investments at “nil” in re-mortgage cases.
    We know there are some problems with “home improvement” cases. However, do not despair. If you have done this, you should be able to apply for redress.
    You will need to make a full disclosure to the FSCS and tell them that the forms were completed for you. This will the case in nearly all cases. It will help a great deal if the handwriting is not your own.
    Our Manchester office are dealing with these claims, please feel free to call them.

    ” Wonder who did fill out those mortgage application forms, what is sad is that investors were quite happy to engage in some form of mortgage fraud to obtain funds from a bank to invest in something other then what was declared to the bank, now RL are basically saying, well if it’s not your handwriting it’s worth a shot, who the hell would allow a third party apply for a loan in the name of an investor, whereby the investor will now say that they had no idea that mortgage fraud was being comitted. The investor did not point out to the IFA’s or the banks when they read the mortgage application in their name that the application was for not home improvements but for overseas properties.

    RL are trying to say that the investors never knew what was on their application. The banks are going to love this, Ames obtained interest free loans from investors as a result of investors engaging in mortgage fraud, but it’s ok, because the investors handwriting is not on the FRAUDULENT documentation.

  162. Interesting

    @ Anonymous March 8, 2015 at 4:13 pm
    “Another long winded post from Davy boy. Look mr Man, give it up. Nobody really cares what you think.”

    I beg to differ, I along with many others are extremely interested in any information on Ames, and I think the post was an excelkent summation of where we are today and a startling reminder of the lies that Ames tells.

    Anonymous you have not asked Ames to give up his ludicrous long winded and factually deficient updates, nobody really believes these updates anymore.

    And please enlighten me as to how you know who is posting on here?

  163. EB

    It can only be someone who works or worked with the GV…..

  164. Anon

    If you buy a house in uk you have to prove where you got the deposit. The tm ifa told me the fee was paid to set up this ‘investment’ was to pay a solicitor, so harlequin didn’t get solicitors to draw up our contracts or if they did no ‘anti money laundering’ checks were done ? Harlequin colluded ?

  165. EB

    By the way, what’s wrong with living in a shitty semi? I’m stuck in one myself!

  166. Anon

    @Anon March8 2015 Great post.

  167. Anon

    I just love myself xx

  168. SIPP-ing

    Quiet calling all- to claim RL can manipulate the authorities is just plain nonsense.

  169. SIPP, from the Devils cup

    I’m not saying RL manipulated the FSCS, but the Freemason did. I remember reading about GF and his network of Masons a year or so back. It’s a fact they look after each other.

  170. Anon

    Sorry to swear but what a load of bollocks. Freemasons influenced FSCS! Think you’ve had a bit too much wacky baccie that’s fried your brain!

  171. Get a grip

    Freemasons??? Err no. It’s all about some pension thieving scumbags.

  172. Anon

    Smoke and mirrors. Perhaps the FSCS saw through the lies the ifa’s told to get their hands on our pensions for themselves and the Ames family.

  173. Anonymous

    Last two reviews from TA are quite alarming..sure doesn’t sound like BB is close to 5 star. Things are falling apart and local management can’t solve the problems without the money to do so.

    http://www.tripadvisor.com/Hotel_Review-g147380-d1719145-Reviews-Buccament_Bay_Resort-St_Vincent_St_Vincent_and_the_Grenadines.html

  174. Anonymous

    The last 2 reviews are 5* reviews. Not sure which ones you are reading.

  175. Anonymous

    Perhaps it was this one?
    “Lovely break in the sun”
    5 of 5 starsReviewed yesterday NEW
    Just spent 10 days relaxing in this lovely resort.
    Admittedly its hassel to get to, a long flight to Barbados then exiting the arrivals hall and re-entering the departures with baggage in tow is bizarre, the duty free situation is also strange as you take it in to barbados and then out….lots of people had it taken off them, so we didn’t buy anything!!
    The Liat flight was straight forward leaving from departure gate 9 ….basically a room at the end of the airport where all their flights leave from, just sit around and wait for them to muddle through getting you on the flight!! All our flights were on time.
    Arrival at st. Vincent started straight forward til we realised the one man on duty was opening all passengers bags, there were only about 30 of us but it took quite awhile!!
    Return flight was a doddle…fill in forms that had been taken off us on the way in!! Buy some items in the fairly priced airport shop ((tiny little thing!!) And got on the plane, no queues at Barbados and then a easy book-in with virgin checked out the local artisan shop just outside the departure door and flight home. we had 7.5hrs at Barbados so emailed the “southern Palms hotel” and asked if we could pop in and being nice they said yes…so we hopped in a taxi and spent the day there, fantastic 2 islands for the price of one!!..see the review.
    Buccament resort is a laid back type of place, the staff including all the managers were friendly and helpful. Things got sorted if needed in a laid back way..you are in the carribean not England!!
    The food was fabulous and plentiful. jack’s steaks and crawfish were massive and fantastic quality.
    The coffee shop did great tea and coffee…(why bother with the coffee maker in the villa?) along with sandwiches, cakes and lovely ice cream.
    Breakfast was Buffet and there was plenty of choice, picking your timing for the egg prep stand and the fruit and smoothly stand where esstential as it could be a bit of a wait otherwise….but it was just a matter of getting your food from the buffet and jumping over when the queues died down.
    The beach was a small contained area with shallow calm water, all beaches are public so locals can wander into the resort to use the beach…but they were friendly and not intrusive.
    The man bug bear was the bagging of sun loungers and sunshades…basically you need to baggsey one at 7am mark it with your personal possession then go back to bed!! Later when you fancy you can then use “your” area…we did it once and I just don’t like the hassle and the idea of blocking others for using the items for hours when we aren’t using them..was very temped to take
    Items off beds and hand them in to lost property!! Just the devil in me!! Would be nice if this was sorted as its really silly leaving beds unused for hours in this way.
    The villa we had was two rooms; one bedroom with large bed and ensuite, some villas had baths, some with shower over, some with separate showers and some with just showers…it depends what the original design for that villa was.
    There were plenty of hangers and shelving for clothes. Some villas had ironing boards n irons, umbrellas, and torches it varied.
    The second room was a lounge with bifolding doors onto the decking and jacuzzi. We had a couple of lounging Chairs with foot rests and cushion pads…the later I brought in during the brief showers n at night to stop any mould appearing. The jacuzzi was a good size…hubby managed 3 breaststrokes before he ran out of room!! There was a bit of sand at the bottom in the jacuzzi but nothing to fuss about in my book, the decking was bit weathered but didn’t stop our enjoyment of it.
    Some villas had an air conditioning unit in each room some just 1 in the bedroom…some units were noisy….but didn’t bother us.
    There were 2 fridges in our villa with water, wine, spirit, beer n soft drinks, the basic rooms only
    had Soft drinks but once people got friendly I understand some drink swoping went on!!
    Housekeeping was a bit hit and miss…I didn’t get too bothered until all our towels eventually got taken over a period of a few days and not replaced!! then we asked a few times for some more and eventually we got some!!
    There is plenty of exercise to do if you feel the need, we just felt tired watching the jogging, boot camps on the beach etc so we only manged a 40min walk up to the village grocery shop and back….not much for the tourist..a cold drink for the walk back and some spices and local sauce for Marinates. but did notice the big sign boasting they now stock some tesco items (about 20 items).
    So shopping is not really a big thing to do, it really is a poor island but the locals are friendly and always willing to help…directed us to a nice green route down hill from the shop.
    So in conclusion if you don’t mind the hassle of getting here,,,the children just seemed to fall asleep and deal with it!! and don’t expect perfection it’s a great place to come. You won’t go hungry and there plenty to do or not do…there is a little library at reception…bit basic but it there. Tv is fine lots of channels and DVDs to borrow too. Everyone is friendly and hanging around your deck area and taking time out in the jaccuzzi in the sun is just great. You do get to walk at bit as the place is laid out as a village….but you walk off all the drink and food and there are bikes around to use if you want. Disabled people could phone reception for the minicar trolley things to pick you up but it would be a wait so as LNG as you were chilled out no problem!!
    I suggest try out the 3 restaurants and then book all your meals at once..it does get busy..also book your free evening boat trip immediately…well worth it.

    Stayed February 2015, travelled as a couple
    5 of 5 stars Sleep Quality
    4 of 5 stars Rooms
    4 of 5 stars Service
    Was this review helpful?Yes

    Ask SusannaB88 about Buccament Bay Resort

  176. Anonymous

    No they are not 5*. Which ones are you reading?

  177. Anon

    What has the reviews at BB got to do with this multi million pound fraud.

  178. Anonymous

    or maybe this one?
    We travelled to Buccament Bay Resort on December 7th for a week, before heading to St. Lucia for our 2nd week. After a long flight from gatwick, we arrived in st. Lucia ready for our transfer to Buccament. After a swift bypass of the huge queue at immigration, our thoughts were, wow, this will be the most seamless and hassle free transfer we’ve ever had! Not so, we had a 4 hour wait for the inter island transfer to arrive, at that stage we were shattered, I called the hotel a couple of times to check if they had forgotten us and they said that the plane was coming from Barbados after picking up more passengers, they had no answer for the time of arrival. I questioned whether we could still get food and they took my order on the phone and said that it would be in our room when we arrived. Eventually the plane arrived, it was the resorts own plane which under any other circumstances would have been enjoyable, however we were tired, starving and it was lashing down with rain which led to a bumpy transfer. Upon arriving at the airport in St. Vincent, our lift to the hotel was there, this took about 30 mins. Check in was in our room, which was a relief and was swift. Our sandwiches weren’t in our room as requested, we went down to the restaurant and they told us that they were closed, I nearly cried, it had been over 10 hours since we’d eaten. I after calling reception, it was soon sorted and we got lovely chicken wraps. I loved our room, it was near to the restaurants and across from the beach, the bathroom was fab and the plunge pool was a real treat. A lot of the other couples had issues with transfers to the resort also, I found a lot of guests had travelled from Manchester, touched down in Antigua and then landed in Barbados for the transfer to St. Vincent. The breakfast was plentiful and buffet style, the food, we found at other times, was fantastic, we loved all of the menus, my husband loved a little detour by HQ, the red velvet cake is to die for! Don’t come looking for nightlife, the bar was empty by 10.30, this was relaxation at its best. Aside from the transfer, this resort is a gem, with a few hiccups, I dread to think what will happen when the new airport opens, it is such a cosy place and I can’t see the restaurants or the beach/pool areas being able to cope with anymore guests. I had read a few comments prior to arriving about worn towels, beach lounger covers etc, I didn’t encounter any of these problems. The best thing about this resort, by far, were the staff, they are so friendly and work very hard. Special mention to Danny, take a trip down to the other bar at the end of the beach for a chat, he’s a great guy, he loves his football! Also Samuel and Christopher, the pool/towel guys, they were always smiling and ready for a chat and Sean, behind the bar, you never needed to order, he remembered your order every time. As with a lot of hotels, the reception staff were a bit surly and didn’t have that welcoming, friendly attitude. The transfer back was a joy, we got the private plane back and it was such a clear day that we got some great photo’s. To conclude, a great resort with a few issues, namely the transfer to the island. Would I come again? Yes, but not if the airport opens, the Americans will then start arriving in their droves and it could start to lose its charm from what is a lovely boutique style resort.

    Room Tip: All rooms are good.
    See more room tips
    Stayed December 2014, travelled as a couple
    5 of 5 stars Location
    5 of 5 stars Sleep Quality
    5 of 5 stars Service

  179. Typical HP Bullshit

    The two latest reviews on TA are hugely critical of BBay. Harlequin just make idiots of themselves when they question the latest reviews.

    “Disappointing trust the reviews and not the online pics”
    Mar 7, 2015

    Vickyhancox (6 reviews)
    In summary I agree with all of the negative reviews on here, here is a more detailed overview;

    Arrival

    After an extremely long connection for the LIAT flight we arrived at St Vincent airport to be greeted by the concierge from Buccament Bay, having luckily made it through immigration first (as there was one officer on for the entire plane to get through) we expected then to be on our way. However the concierge then told us ‘we have 26 others to wait for and then I will get the bus’ – not quite the 5* transfer experience I was expecting. When the others eventually got through immigration (45 mins later) we were then all piled onto a clapped out coach, not branded with Buccament Bay and again not a 5* experience – when selling transfers I think this should be clearly described as every traveler seemed shocked at the state of the coach and the fact they were not private transfers. Again this added to our journey time our arrival was not until 11:30pm at the hotel.

    Room(s)

    The first room we were shown to had broken air conditioning and was not the upgraded deluxe room promised, after several phone calls we were then moved to a deluxe room which the receptionist stated had a few things missing – I suspect this was an out of service room but we needed the air con so agreed to move (I did later question this but had no response just met by puzzled faces).

    I have provide some photos of the state of the cleanliness and tiredness of the room. To confirm a few points, the windows were filthy on opening them we found a dead lizard, the pool was disgusting in need of a clean and refurb and the decking was a safety hazard again tired and needing a refurb. The loungers for our deck were never provided and no umbrella for shade either (despite asking reception several times).

    When waking up the following morning we realised we did not have any toiletries in the room, except a tired looking refilled shampoo and conditioner container (which I used and can say it must be very old and very poor quality as my hair never looked clean), I had to call housekeeping 3 times and waited 3-4 hrs to get any soap, which was handed to me a dove bar of soap. I have to say in all of the hotels I have stayed in I have never been given a bar of dove soap, I find it shocking that as 5* resort there are no toiletries in the room. I asked reception for an amenity kit (raiser etc.) and were told they don’t do this! We asked for another bath robe as only one was provided this never materialised.

    We also struggled to get towels in the room and had to ask several times to get clean towels, they never changed them and hung up the old towels, after complaining again to a manager we eventually got fresh towels on our last 2 days.

    The mini bar was poorly stocked again we had to ask for beers to be put in there (eventually got on day 3), the so called snacks advertised never came and when I asked reception they said we don’t have snacks.

    After asking several times for items we eventually went to reception to complain in person, we were told the manager was at lunch and would call us in the room on her return. We had no call back, the pool man came to fill up the pool but no attempt was made to listen to our issues, move us to another room or even an apology made.

    Turn down service was provided on some nights, however the maid came to the door at 6, we had to explain every time we were getting ready for dinner and could she come back at a more reasonable time which was greeted with attitude.

    After speaking with some of the other hotel guests it appears there is a huge lack of consistency with the maids, some had fresh towels every day and rose petals on the bed etc we never had this and certainly did not feel the rooms are a 5* standard.

    Food & Service

    When we arrived at the hotel we were handed a newsletter to confirm what was happening at each restaurant. We went straight to reception on day 1 and asked to book tables and were told Jacks was already full on the first day, we managed to get reservations for the rest of the week but again a point The hotel should be addressing is to ensure travellers are aware to book in advance to get into restaurants.

    The first couple of days went from script a la carte for lunch etc however as the resort got busier the hotel decided not to follow the newsletter and churn out buffets every day for lunch. Having only one restaurant open for lunch there is no other choice, and the buffets are poor cheaply stocked (frozen lasagnas etc.) and not what we signed up for.

    Another issue we had when looking at the resort we noticed 4 restaurants plus coffee shop, however on arrival quickly learnt (the still advertised and sign posted) Bamboo had been shut since the flood in 2013 and not reopened. This makes a huge difference limiting choice of restaurants particularly when 1 of the restaurants is only open for breakfast and lunch (which you then don’t want to have to go back to eat for dinner).

    We took advantage of the beach front dinner offered to us in the package, this was extremely poor, my fish was raw my husband’s steak over cooked, we complained to the manager on duty who told us all of the food was imported (despite Jacks advertising local fish it is also imported), hinted to the fact the resort had money problems and cost cutting was involved. She tried to make our following day better by offering us a la carte for lunch and I have to say we did see a notable change in the service as she was there. Unfortunately this was short lived, and service resumed the following days, extremely slow, unattentive and not sincere.

    Facilities

    A lot of the loungers are worn, umbrellas are faded or broken and towels are extremely poor thin and hard. The first couple of days we looked past this as the resort is in such a beautiful setting, however as the resort started to get busier we noticed more and more problems. Firstly everyone seemed to reserve loungers (by 8 they were gone) with towels and bags, as loungers are limited this meant we could not get a lounger for the last 2 days of our holiday and as none were provided at our own plunge pool had no were to relax. Again as an advertised 5* luxurious resort I felt like I was fighting with holiday makers in Tenerife and felt it was unfair of the management to allow people to reserve loungers (particularly when they did not use them till late in the day). Secondly by 9 am all towels had gone, I have never stayed in a resort to be told we have run out of towels! There other huge issue is if you are lucky enough to get a lounger there are not enough umbrellas provided so you face a day without shade, we were told by the pool boys to sit under the palm trees – this is unacceptable for a 5* resort, both myself and husband were severely burnt and ended up spending the rest of our holiday in our room unable to sit out.

    The issue is the resort does not have the facilities to cater for the amount of guests, they have obviously taken loungers out of rooms and put these by the beach as loungers have got broken however you can see no attempt has been made to replace any equipment the resort desperately needs.Again this is not the 5* experience we had booked or hoped for.

    Check out

    Just to point out the receptionist was terrible on check out, she was miserable did not ask us how our stay was, tried to overcharge the departure tax which I pointed out was wrong, her answer was ‘must be a mistake’ however I learnt from the other guests they had been overcharged and not realised. I have also read on trip advisor this happens so made sure I looked out for it – this is fraud, I don’t believe it’s a mistake the hotel is deliberately over charging and made no apology about it

    Overall

    This hotel is not a 5*, it should not be advertised as luxury or 5* and frankly I am surprised Blue Bay are promoting it as this. The hotel obviously has cash flow issues which is reflected in the lack of facilities, cheap soaps etc. provided and on researching the Harlequin group further I can see there has been issues for years with investors and the owners son is now in prison for fraud.

    I feel extremely disappointed with our experience at the hotel and feel that we have been overcharged to

    “We are in no rush to go back.”
    Mar 7, 2015

    AsboAstbury (8 reviews)
    Walsall, United Kingdom
    The briefest summary:
    5* range of spirits; 4* food and service; 3.5* surroundings and facilities – and that’s all based on ‘holiday level’ star ratings. Compared to ‘real’ 5* hotels like Four Seasons this is a 3* at best. We holiday 4-5 times a year so have broad experience to compare against.
    Will I be recommending it? No
    Did I think it was good value? No – you can get much better for the same price elsewhere in the Caribbean and much much better in Mexico.

    A bit more detail:

    The good bits first – the HQ coffee shop is great for drinks, snacks (cakes, crepes and sometimes crisps), smoothies, shakes and ice creams. Don’t be confused by the prices on the board as its all inclusive. The service is fast and friendly.

    The pool staff bring round bottles of water and small pots of sorbet unprompted, which are always welcome refreshment.

    Lunch in Bay has lots of options – salad, BBQ meats and fish, a couple of hot options and a themed main (tempura, Mongolian, Italian etc) and an al a carte menu with ‘always available pizza’ which is only available on certain random days?!? However is big, fresh and well topped when available. See note below about getting a table though!

    There is a really good selection of premium spirits behind the bar, although the cocktail range of the barmen is somewhat limited. The piña coladas passed my husbands fussy standards though🙂 The only popular spirit I noticed was absent was Southern Comfort. The measures certainly aren’t skimpy – hic!

    It was lovely to fully open the bifold shutters are the back of the room and look out whilst relaxing in the living area. However there was no glass in them (only in the air conditioned bedrooms) so unless fully opened expect to enter a dark and hot living room which you’ll share with a few local lizards on the walls and floor. We didn’t mind the latter though🙂

    However, unfortunately the majority of the negative reports on Tripadvisor are true.

    There are approximately 100 loungers (50 round the pool – I counted!) and maybe the same or less on the beach) which is nowhere near enough being as there are 100 villas each with 2-4 people plus more guests in apartments, and only half the number of beach/pool umbrellas to loungers. Expect to have to have reserved a sun lounger by 7am if you want an umbrella, and by 7.30am without. We saw arguments across the pool about people having moved someone else’s belongings/brolly. You’re made to sign towels in and out each day rather than just having a towel card at the beginning of the stay or, heaven forbid, they actually think their guests have more morals than to steal their (very tatty) beach towels so just leave them available each morning. On the (frequent) occasions where no one was next to the towel pile to sign them in or out the ‘towel police’ did not visit our villa, so it just seemed like a pointless exercise. Similar to the need to have to sign for lunch and dinner where all meals and drinks are included! None of that is explained at check in so on our first day we just wandered off oblivious. Frequently towels weren’t available until 8am or later.

    Expect tatty surroundings, faded decking, trip hazards, broken tiles, DIY looking repairs, and plunge pools that don’t look like they have worked in months (more on that later). Bathroom and pool towels are worn and frayed, as is some of the furniture. I ended up wearing a Mojito after thinking I could trust a drinks holder on a beach chair which turned out to only have half a bottom to it. Expect the showers in a four person lodge to run out of hot water half way through the second persons shower. That said – those lodges are very big and much much bigger than the one bed equivalents.

    One good thing we expected was for our room to have a lovely plunge pool of its own. Which it did. Only the filter was in pieces, the water was disgusting, and the deck was mouldy. We reported it on Sunday morning, then Sunday evening, then again on Monday morning. On Monday afternoon the pool pump appeared outside out room like a garden ornament so off I went to reception to find out what was going on. No one knew anything or when it would be fixed so I asked if an alternative room was available with a working plunge pool. We were offered an alternative room half the size of ours and the hassle of moving all of our stuff across the resort so declined and stuck with the larger lodge and having to use the main pools. Very very disappointing as comparing the water colour in our pool to ones with working filters it was clear this hadn’t been functioning for some weeks so the resort would have known and shouldn’t have put guests into the lodge (3021 in case anyone is reading this and due to arrive).

    The staff try their best, sometimes or at least some staff, but the Caribbean is a laid back place and they can only do so much with the ‘tools’ they are given.

    I chuckled to myself when I read a review suggesting guests bring their own bottle openers only to get here and find they were spot on. A 20 minute wait for someone to bring us (a broken) one only to have to wrestle my way into the bottle of quite horrible tasting white. It’s also a good idea to bring your own umbrella, something every other 4 star and above resort I’ve been to in the Caribbean has provided, as I gave up on requesting one after three attempts with reception who promised to have housekeeping drop one off. St Vincent is one of the wetter Caribbean islands after all, which isn’t a problem if you can take cover under a brolly.

    Ensure you book your meals and trips in advance as soon as you arrive if you want to eat during the most popular slots. Breakfast and definitely lunch are chaotic, with potential queues for 4-5 tables waiting as everyone tries to get into the small ‘Bay’ dining area at the same time. There is a newsletter with details of restaurants, trips and actives which you’ll need to ask for on arrival. We didn’t know it existed until we asked about trips on the Monday (after arriving late Saturday evening), at which we found out the only trip we had picked that we wanted to do (boat trip to Mustique) had left that morning. Why they don’t leave them in guests rooms as soon as they are available or hand them out at check in is beyond me.

    The steaks in Jacks are nowhere near as good as were expecting from the reviews on here. We had an early booking (7.30pm) as we had heard the best items run out quickly. We ordered at 7.45 pm and by 8.10pm the table next to us were informed fillet steak was no longer available. The top and bottom of my fillet were charcoal when my ‘medium rare’ steak arrived. It was edible though and the sides were delicious. The evening menu at the main Bay restaurant rotates around 3-4 days so there is enough variety for a one week stay. Anything longer that would have been repetitive. The food at the Indian restaurant was good compared to the Indian meals we’ve had elsewhere in the world, and I was pleased to see Indian staff as it gives you the impression at least that the food will be authentic rather than an interpretation of Indian cuisine.

    Don’t bother with the deluxe upgrade. All it includes is the mini bar (which was empty when we arrived and took two days and three requests to get it filled, with sporadic refilling) and welcome drinks and canapés on arrival. As we booked with Kuoni we were also entitled to a welcome drink on arrival. We arrived. No drinks in sight. Not a canapé in the building. Not even a cold towel to refresh us after our 22 hour journey. And once in our room not even a bottle of water in the empty mini bar. So don’t waste your money on the upgrade as it includes nothing in reality, and don’t expect a 5* welcome as you’re lucky to get anything more than escorted to your room and your credit card and passports taken off you until the following day.

    The spa range is limited, as is the wifi range unless you’re in your lodge or sitting at the main bar. Don’t expect to get it more than a few feet towards the sun loungers.
    However at least you don’t have to pay for the privilege of it being rubbish.

    PARENTS – Also very limited is the shop on site. We went on day 2 to have a look and contemplated buying the bottle of SPF 50 that was on the shelf (there were other SPF 30 and SPF 15 there too) and when we returned, with slight sunburn in places on day 3 all they had left was SPF8 and no date on when they would likely have some back in stock. So ensure you take adequate sun cream if you or any of your party have particularly sensitive skin. I’ve never known a resort you can’t buy sun ream in if you run out!

    Don’t expect to be able to dry your hair whilst your other half irons a shirt. If you do – make a note of where your fuse board is before starting and forget using the emergency torch as it doesn’t work.

    Overall, we had a nice week away in the sun but won’t be recommending St Vincent and definitely not Buccament Bay or Harlequin Resorts any time soon. You can get much more for the same or less cost elsewhere in the Caribbean and Mexico. For proper ‘holiday 5*’ at a similar price take a look at the Secrets and Excellence chains for adult only breaks, and Dreams, Beloved and Finest by Excellence for family resorts. Excellence Playa Mejures just north of Cancun is regularly voted one of North/Central Americas best all inclusive resorts and I can vouch for it myself as being similarly priced but way out there for service.
    Helpful? 3

  180. The dim reaper

    Bobit, give it a break. TA is just bollocks and for a few quid you can get fake reviews. The agents encouraged it. Now, imagine if God forbid these were fake reviews?
    I’ve been to BB and it’s shit.

  181. More Fraud

    Looks like the staff at BBay are following in the footsteps of the GV, the staff are apparently ripping off the guests on the departure tax, engaging in Fraud. Pathetic just pathetic. And what was that in Ames’ update about upgrading the back of house facilities, what about the front of house.

    Glad to see the truth emerging.

  182. The dim poster

    Yank an easy one, of course they are fake. Anything positive has to be fake doesn’t it while anything negative is real. Lol

  183. Anonymous

    Even the rave reviews are critical of the plunge pools, the mini bar, the AC units, the lack of sun beds and towels, and the monotonous food. Read them Bob.

  184. Anonymous

    @The Dim Poster …AKA Bob Storey…Wonder why it is over a year since the Dec 2013 Floods and the Bamboo restaurant is still not open? It still is listed, however, on BB website. Why?, because they are just a bunch of liars.
    I think the positive reviews you posted are real, never said they were fake…..its just that some Brits can be so understanding, so patient, so forgiving, and so swept away the sheer beauty of the Caribbean and its friendly people, that they are willing to overlook all the crap that is being experienced at BB, and still give it a great review…especially if they got it at cut rate prices.

  185. Anonymous

    If it is taking over a year to refurb one Restaraunt how long will it take to build some 6000 + Units?

  186. Anonymous

    Well Anonymous, if there are some critical points then that proves they are not fake. If that is all they can criticise then that’s not bad at all.

  187. The dim reaper

    Did you ever see the pictures on the RL site – it’s shit. Period.

  188. Anon

    The fact is, and has been since its construction, that the way Harlequin have cajoled people to visit the resort is by way of cheap discount sites. The most notable of these being TravelZoo.

    Whilst such companies as Kuoni and Virgin Holidays have been offering the resort for as long a period, it’s evident both from the nightly rates, the Tailormade spreadsheet posted some time back, and some reviews, that many visitors have been lured by remarkably low prices.

    This is a major point of concern for victims.

    Reason being that as the hotel matures, and needs to be maintained, the threadbare profits created by each room will not be sufficient to provide for both Harlequin and the victim. This has been demonstrated by the many reviews on Blu, which suggest that it is in dire need of renovation, as well as that the parasols have apparently just been replaced at Buccment Bay amongst other problems.

    Of course, this is not withstanding the fact that most of the claims made by Ames through his emails have been rebuked time and time again.

    It is concerning for several reasons:

    1) The idea that Matthew Ames was publicly offered a job of £10,000 a month at the resort for not being jailed raises many questions. Notably, if Ames has £120,000 a year to spend on a job for his fraudulent son, why is this money not being used to provide fixes for many of the small issues at the resort, constantly highlighted by the TA reviews (parasols, beach beds, swimming pool, coffee pods, etc).

    2) If Ames has had “full occupancy” at the resort in the recent period, as highlighted by his latest discourse, as well as “record occupancy” for some time previous, why has no more progress been made on the other resorts in the portfolio?

    H Hotel should have been started by now. Buccament Bay has a swathe of units yet to be constructed (1750+), and Blu is in need of renovation. These glaring requirements not being met are a sure sign that the financial position of Harlequin is definitely not as rosy as they would have you believe.

    3) With the collapse of HMSSE, and putting into administration of HHR (now ASOL), the questions arise as to why the debts of these companies were not addressed by Ames before their closure. Indeed, it’s come to our attention that both are subject to investigations by HMRC.

    If Buccament Bay’s success is so prolific, and is delivering a truly 5* holiday (as the questionable reviews would have you believe), why does the company not honour its outstanding liabilities? Procure It Direct, as well as a number of other suppliers, have not been paid for the products which Harlequin are still benefiting from to this day.

    4) The premise of the Harlequin model was to achieve high “nightly” rates. Indeed, many of the calculations in their brochures were based on specific rates being met. These rates were meant to be achieved by way of the resort being “5 star” / “luxury”.

    We’re now being told that occupancy is at an all time high, which builds on the successes mentioned in previous emails. Although this sounds good, victims need only be concerned with the achieved nightly rates for these successes. If Harlequin are making 10% profit, there’s going to be nothing for the victim to draw down by way of rental returns.

    Unless, of course, Harlequin’s model is to “share” the room rates by way of gross takings? IE if they receive $600 per night (as per some of the material we have), they’ll happily share $300 with the victim based on the 50% rental share. Perhaps it escapes Ames’ mind that Harlequin will actually have to meet overheads, which will mean that a rate of $600/night gross would equal perhaps $300 / $400 net. It should be this net value which is shared with the victim, if the resort is to operate sustainably.

    Perhaps this explains much of the neglect at the current operations.

    5) Anonymous seems to highlight an interesting idea that “bad” reviews will not benefit anyone. This might be true for the short term, but what you have to remember is that Harlequin was not given a mandate to create positive reviews.

    Harlequin was paid £440m to build 9000+ units. Harlequin was to offer “virtual mortgages” to its “investors” as a way for them to pay the remainder of the balance whilst earning a return from their unit (calculations subject to point raised #4).

    This means that Harlequin were paid £440m to build 30% of the rooms, which is 3000, raise mortgages on the constructed properties, and continue to build with that money which would be paid off with the rental returns generated from the constructed rooms. To date, they have built but 1/10th of that, or a total of 0.03% of their sold units.

    This point is where Ames will tell you that he was ripped off by the builder. However, a court in Ireland declared that the builder only misappropriated $1.6m, is under appeal, and has not been repaid (to compare this, Ames spent £1.4m on Harlequin Air in the same period). Ames further asserts that Wilkins Kennedy are responsible for a further $70m in neglect. Even if this was proven outright, the fact remains that out of £440m / $650m, Ames is claiming that $71.6m prevented him from delivering on his promises.

    To put this into comparison, if Ames was able to help victims “complete” on their property (which to date, only 2 have), he would have the remainder of the $1.5bn order book to draw down. As he has not constructed anything of note, he cannot do this as there are so few rooms to complete on (hence why he’s trying to get people to complete on Blu / H).

    So no matter how “successful” Buccament Bay might be (according to Ames), the fact remains that he, and Harlequin, have absolutely failed to honour the job they were paid to do. Even if they took all the money they had available (after commissions, dividends, directors loans, property in Dubai were paid for from victims’ deposits), one would hope that Buccament Bay *would* be successful (if you can’t make a popular resort with £150 – £250m you really do have a problem).

    6) To top all of this off, Ames has offered victims a meagre compromise in the idea of his “trust”. To gloss over his contractual obligations (deadlines) with an ill-conceived, and amateur document is nothing short of scandalous.

    For return of giving Ames 5 more years & not being able to say anything “bad” about Harlequin, you entrust the twice bankrupted, proven liar, to keep his promises of raising finance for the new builds (not forthcoming), mortgages on constructed properties & giving victims title on their unit whilst paying off their balance through this “virtual mortgage”.

    Soon you begin to see through the charade (“an absurd pretence intended to create a pleasant or respectable appearance”)…. Ames is profiting from your deposits, funding a luxury globe-trotting lifestyle & enriching his family by way of falsely representing an investment which, to this day, has not provided the returns it promised.

    Anyone who still believes in the dream is entitled to do so (it’s a nice one), but I’m afraid for Ames & his followers, that is all it is.

  189. Anonymous

    @ Anonymous 8.35am

    “Who do these benefit?”

    The family who was considering spending hard earned money on a holiday there perhaps? I would want to know that the resort I’m intending to travel to had so few sunbeds that I would have to set my alarm clock earlier than I do to get to work on time in order to secure one for the day. That kind of thing ruins a holiday.

  190. RL 4 SALES PEOPLE 0

    The camera never lies.

  191. Anonymous

    @Anon 10.15, don’t you get bored with writing the same old same old information. Let me ask you this, why should DA build out any more of the resort if there is not the capacity or infrastructure to get those numbers to the hotel? Your comment might be more appropriate when the new airport is open.

  192. Yah lack of coffee pods cad really ruin a holiday lol

  193. Anon

    @Anonymous 10:32

    You’re serious?

    I think you might want to ask one of the cash victims the same question. The answer you’ll receive might have something to do with them having paid £10,000’s years ago, and not having anything to show for it.

    And no, I don’t get tired of writing the truth. Just the same as Ames doesn’t seem to tire of writing his updates, or you in your childish comments. People need answers, and a balanced argument.

  194. Anonymous

    @ deleted 10.34am

    Coffee pods might be a minor inconvenience and you’re right, I wouldn’t expect instant coffee in my room at a 5* hotel.

    But getting up at 6am just to drag yourself to the beach to secure a sunbed?! That’s a ball ache that makes for a miserable time.

  195. Anonymous

    Anonymous 10.32 am, perhaps because he is contractually obliged to, and the lack of an international airport in SVG does not stop Ames from building in Barbados at Merricks ( Which has an International Airport, in St. Lucia at the Marquis Estate, ( Which has an International Airport) and in the Dominican Republic at Two Rivers, Los Canas and the Hideaway, again the Dominican Republic has a number of International Airports.

  196. Anonymous

    @Anon 10.37, you’re serious? Yes that’s a comment that supports a “balanced argument” viewpoint.

  197. Anonymous

    @ Anonymous 10.56 am what do you have to say to the post by Anonymous 10.46 am ?

    Or will you remain silent on that one for a time.

  198. Anonymous

    Oh I’m sure my comments would be considered far too childish to reply. If you want a response to a question then you need to cut out the “childish” references.

  199. HP Propagandist Rules

    #6
    If in doubt, deflect attention to something else.

    #7
    Stimulate the masses with revelations just around the corner.

  200. HP Propagangist Rules

    Interesting.Massive profits are just around the corner you just have to believe it.

  201. SIPP-ing

    Propagandist -do you mean you expect profits from a cash investment in Harlequin?

  202. HP Propagangist Rules

    @SIPP-ing
    It may be possible if Dave Ames puts his mind to it and thinks about the investors like he always has.

  203. SIPP-ing

    HHHAAAAAHHHHHAAAAAAAAAAA HAH

  204. Anonymous

    Why is Dave Ames update such a load of horse shit,

    Here is why.

    Bob can you explain how you are obtaining a return when the Ames himself states that BBay is at best breaking even ? Or indeed making a small loss.

    Harlequin & Heritage Meeting Notes – click on the link

    All,

    Harlequin Building Programme – minimum of 2020 for most investors

    We have received a copy of Minutes of a Meeting dated the 20th January 2015 between Harlequin (1), Heritage Trustees Limited (2) and Kingsley David Solicitors (3). The meeting started at 10am and ended at 1pm. The meeting was attended by David Ames, Daniel Abrams (Harlequin), Simon Stone (Kingsley David Solicitors) and Colin Worbey (Heritage Trustees Limited).

    Our clients have provided us with a copy of the notes (which were in turn provided to them by Heritage). An overview of the various Harlequin projects was provided by David Ames.

    The explanation of the build program is helpful as it gives investors an understanding as to the position of their investment. The note also details the trading position of Harlequin.

    Many investors remain persuaded that Harlequin will come up with the goods during 2015 and 2016. 2020 at a minimum is more realistic.

    H Hotel – Barbados

    “The completion of this project is scheduled prior to the end of 2016 subject to finance and other circumstances.”

    Buccament Bay

    See attached note.

    Marquis – St Lucia

    “Dave Ames suggested it might get completed within 5 years but with a project of this size and complexity it remains uncertain.”

    Two Rivers / Las Canas / Hideaway – Dominican Republic

    “These project were in a similar position to the Marquis Estate and there is currently no building activity taking place. “

    Merricks

    As above

    Blu Hotel

    See attached note.

    Harlequin’s Income

    See attached note.

    Conclusion

    It is helpful for all investors to see what is being said to SIPP operators about their project. 2020 for Marquis, Two Rivers / Las Canas / Hideaway – Dominican Republic & Merricks is a long time away. For some people this means the minimum of a decade in this investment.

    The majority of our redress clients will be dealt with by the end of 2015. So before Harlequin make one single step forward, you could have your redress payment. The choice is very straightforward. Make a redress claim, move on.

    Regulatory Legal Solicitors

    Visit Harlequin Investor Group at: http://harlequininvestorgroup.co.uk/?xg_source=msg_mes_network

    To control which emails you receive on Harlequin Investor Group, click here

  205. Bombshell

    Take note:

    “Harlequin’s income
    ……

    1) BB trading receipts
    2) Blu trading receipts
    3) Property completions
    4) Litigation

    Never knew Harlequin were in the litigation business? I mean £6m for $1.6m (yet to materialise) return is a pretty good rate, isn’t it?

  206. What happens when you have no hope of meeting your liabilities?

    “Many of investor contracts relating to this project suggest Harlequin is obliged to refund their money within 60 days of request. Dave Ames acknowledged this but said Harlequin was not in a position to honour this (INSOLVENT.INSOLVENT. INSOLVENT. INSOLVENT. INSOLVENT) at the current time. The options available include a swap to another property; bringing a claim against Harlequin in St Lucia; registering a charge over the land in St Lucia…. “

  207. Little legs steps up

    “Dave Ames has taken a much closer role in running the resort”

  208. Would the real Anon please stand up...

    Was “Anon” taking these notes?

    “Whilst it has been suggested by some critics an independent Hotel management firm should be put into Buccament Bay it must be remembered they want their income from the top line (gross income) of the resort leaving the owner much less income to cover its costs (and presumably RETURNS TO VICTIMS) which of course means no profit. By managing the resort itself Harlequin takes receipt of all income and has full control of expenses. Dave Ames is adamant without this level of control Harlequin would not have survived.”

    So let me ask Storey & Anonymous…

    Where are the returns coming from? Top or bottom line?

    Because you got it from the horse’s mouth right here in black and white – if they creamed returns from the top Harlequin would not have survived. This is without any analysis of their trading accounts. My God what would we find if they’re filling the place with discount hunters.

  209. Enough now.!!

    Will someone take them down and stop all this stupidity, its insolvant.

  210. Passing

    2020 – that means Matt will be out and ready to take over.

    We are saved.

  211. Anon

    I must say I’m bemused by this comment from Ames.

    “Whilst it has been suggested by some critics an independent Hotel management firm should be put into Buccament Bay it must be remembered they want their income from the top line (gross income) of the resort leaving the owner much less income to cover its costs (and presumably RETURNS TO VICTIMS) which of course means no profit. By managing the resort itself Harlequin takes receipt of all income and has full control of expenses. Dave Ames is adamant without this level of control Harlequin would not have survived.”

    It was actually Ames who suggested that a hotel management company was looking to come on board, well we can safely say that this is now not the case.

    I also like the reference to the cost cutting measures, reducing staff levels, and rather then paying a normal salary, staff are paid by way of incentives.

    So the cleaner who is normally paid to clean rooms, is now paid by way of some sort of incentive scheme to clean rooms.

    The bar staff who serves drinks in an AI bar, are they now on an incentive payment scheme, Are they now paid if they water down the drinks or to discourage guests from drinking?

    The front desk staff, are they paid by way of incentives if they charge guests more for departure tax, or if the charge guests for every extra.

    What about the chefs, are they now paid on the production of boiled eggs and steaks?

    I also like the fact that Ames wants to swap out investors who can’t complete on Buccament Bay with investors from other resorts. Ok so there are 150 units to complete on, Ames says the other resorts Marquis, Merricks and the Dom Rep may never get built, so great swap out some poor mug at BBay with an investor at the Marquis Estate, which looks like it will never be completed in the life time of any investor.

  212. Anon

    Ames says he is owed money on completions at Buccbay, he has said he is owed £ 48 million, on 150 units.

    This means that each of these units sold for an average £ 460,000 each.

    http://www.simpsonsoverseasproperty.co.uk/downloads/

    Ames sold the first properties at Buccament Bay in 2006, but it looks like they must all have been resales, have a browse through the following. It’s rather interesting.

    http://www.simpsonsoverseasproperty.co.uk/downloads/

    But let us take Ames at his word, please do just for this exercise.

    Ames claims he is owed £ 48 million, Ames has told us that Buccament Bay is at best breaking even or indeed making a small loss.

    Of the £ 48 million Ames claims to be owed, £ 2.4 million goes on Harlequin completion cists £ 14 million goes on the 10% guranteed return for Two Years.

    Leaving £ 31.6 million. Ames tells us that the business can’t survive without extended credit from suppliers, ok let us put this bizarre statement to one side, lets us apportion £ 4 million towards paying existing creditors, I acknowledge the true quantum of this debt is unknown. Ames has comitted another £ 4 million to investors who have agreed settlement terms with him.

    Let us put another £ 3 million towards the operating costs of Bucc Bay, to include all those salaries in Basildon. And let’s include a £ 10 k a month salary for Matt when he is released shortly.

    This leaves Ames with about £ 23 million, we also know that Ames has yet to pay for the land at Buccament Bay which he needs to build properties on if he is to expand that resort.

    This will cost him another £ 7 million.

    So Ames will be left with c £ 13.6 million.

    Ames states in the minutes of the meeting released by Gareth Fatchett that investors will find it too costly and too time consuming to pursue him for breach of contract, Ames is basically giving the two fingers to investors, but we can see why Ames now needs a trust, Ames is not at all confident that investors will pursue him for breach of contract.

    If we take away the 150 investors who might complete on BBay, this still leaves over 8900 contracts which have been breached, meaning creditors owed approx £ 400 million still out there.

    Whilst Ames might feel that the average investor will not pursue him, and he can give them the two fingers, the fact that the FSCS have very deep pockets must be unerving him.

    But what is £ 13.6 million going to give him? Another c 85 units at Buccament Bay, which in turn will give him about £ 27 million, again £ 5.4 million of this will have to be offset against the 10% guaranteed returns. Another £ 3-4 million on other expenses. Leaving him with the ability to build another c 115 units.

    To get to this stage will take 4 years, you have the complex issues of getting investors to come up with the completion monies, the legal hurdles associated with the completions, the fact that construction will be taking place in a resort that is open to paying guests, a hammer hitting a nail reverberates through the Buccament Valley. Imagine a hundred hammers and the assiciated noise. Or heavy machines, cranes, kango hammers, dump trucks and excavators.

  213. Anonymous

    Sorry just love this post on the RL site, it does beg the question as to the intelligence levels of some investors, no offence Alan.

    alan james neatis
    Couple more questions…I note its a no win no fee deal but if we lose are we as individuals liable for any costs? Also my IFA no longer trades so are they not involved anymore at all..it seems strange that we may seek wider redress v the SIPP operator just because they are still around!! Does that make sense?

  214. Anonymous

    Pity Gareth doesn’t explain how simple the redress process is, he fills out a form and sends it to the FSCS, could not be simpler. Don’t even understand how you can call it a no win no fee, Fatchops is not suing the FSCS.

  215. Anon

    Got to wonder at your intelligence level mocking an innocent investor …hopefully your part in it will land you in prison.

  216. Passing

    The FSCS process is very difficult. very technical.

    What’s15% as a cost of certainty ?

    People back winners. RL wins.

  217. Anonymous

    Some muppets will try to DIY and cock it up, have you looked at the forms? Dream on….

  218. Trust Ames until 2020, or get your cash now?

    That’s the simple choice for SIPP investors.

    Is it such a difficult one? 😉 ……… I mean to say he has such a good track record of telling the truth, management skills, and delivering projects in a timely fashion etc etc

  219. Anonymous

    What’s wrong with the photo, that’s an antique cup holder.

  220. Anonymous

    Lots of sun loungers and umberellas there.

  221. Anonymous

    It’s the sun loungers and umbrellas that make or break the resort, loads of them but no staff, the next cost saving measure will be to convert Bucc Bay into a five star self catering resort.

    Also glad to see that Ames got lovely new shiny umbrellas on credit.

  222. SIPP-ing

    Ames got credit! One might think after we gave him £4mil credit people would have learned!

  223. HP Propagangist Rules

    Apparently David Ames may have lived for some time in Ukraine and surely a positive would be to resolve its problems peacefully, so that DA can build more resorts.

  224. SIPP-ing

    No winder he went bankrupt- very small market for double glazing the Ukraine! They all get blown in and you cant get insurance!

  225. Somewhere in Spain

    Social media and Isis?

  226. Those minutes

    An overview of the various Harlequin projects was requested and Dave Ames provided the following information;

    H Hotel- Barbados
    This is a ring fenced project which includes 78 rooms. The completion of this project is scheduled prior to end of 2016 subject to finance and other circumstances. Harlequin has received 30% deposits on all 78 rooms but requires a further 30% to fund the project costs. Consideration is being given how best to achieve this and it might include swaps; amalgamations etc. by existing investors. Harlequin has not been making any new sales and Dave Ames focus is to approach existing investors only to discuss the possible options.

    Buccament Bay – St Vincent
    Phase 1 of the building program has been completed by Harlequin. The purchase of a small number of properties has completed and there are circa 150 further completions ongoing. Having completed the building of these properties Harlequin is owed a significant amount of money which is proving challenging to collect. Whilst many investors were hopeful Harlequin would be able to source a mortgage on their behalf Dave Ames confirmed this was not currently possible. This position is making completions more difficult with the investor having to raise their own funds but Dave Ames is having conversations with investors and helping bring about completions with solutions again involving swaps and amalgamations.
    Where investors in Phase 1 cannot raise the funds to complete they are being switched to Phase 2 to allow other investors that have the funds available to complete on the properties which has now been built. The revenue from these sales is essential for the financial wellbeing of Harlequin and will assist with the building of the properties scheduled in Phase 2.

    Buccament Bay is currently enjoying an occupancy rate of circa 80% but this is a busy time of the year. For other times the occupancy has been lower but overall Buccament Bay is somewhere between breaking even and making a small loss. See international Airport below.

    Dave Ames has taken a much closer role in the running of the resort and has recently introduced a significant number of changes which is proving financially beneficial. These include a reduction in staff numbers (without detriment to service – comments on Trip Adviser still very good) and a change to their contracts of employment to incentive pay as opposed basic salary. This has reduced the basic monthly wage bill significantly and turned loss making areas of the business into profit.

    Whilst it has been suggested by some critics an independent Hotel management firm should be put into Buccament Bay it must be remembered they often want to take their income from the top slice (gross income) leaving the resort owner with much less income to cover its costs which could of course mean no profit. By managing the resort itself Harlequin takes receipt of all the income and has full control over all the expenses. Dave Ames is adamant that without this level of control Harlequin would not have survived.

    Delays with the completion of the local Airport are very frustrating as the opening of the International Airport will have a direct impact on cash flow by removing the requirement of expensive inter-island flights for Tourists to St Vincent. The local Government are hopeful the Airport will be fully• operational by the end of the year and suggested Buccament Bay might think about expanding to meet the anticipated demand this is likely to generate. Dave Ames believes the completion of the Airport will encourage more visitors to fly direct to St Vincent and ensure Buccament Bay makes a healthy profit.

    Marquis Estate – St Lucia
    The land was purchased several years ago which includes some 500 acres. A considerable amount of additional money has been spent on planning and infrastructure costs. Harlequin remains committed to this project but at the present time does not have the funds to move it forward. It is the most challenging of builds due to the land’s geography and consequently this project is currently on hold. Dave Ames suggested it might get completed within 5 years but with a project of this size and complexity it remains uncertain.

    Dave Ames is amenable to investors in this project swapping to alternative Harlequin properties and Dan Dalligan or Vinny Stenning can be contacted to discuss the options.

    Many of the investor contracts relating to this project suggest Harlequin is obliged to refund their money within 60 days of request. (Refer Clause 12). Dave Ames acknowledged this but said Harlequin was not in a position to make any refunds at the current time. The options available include a swap to another property; bringing a claim against Harlequin in St Lucia; registering a charge over the land in St Lucia. It was mentioned taking legal action against Harlequin in St Lucia will be very expensive and very slow and unlikely to bring about a refund. A swap to another property was the option most likely to bring about a return on their investment in the short to medium term.

    Whilst Dan Dalligan or Vinny Stenning can be contacted to discuss the possibility of swapping; the following ball park figures were suggested. To move to another property an additional cash contribution would be necessary. Suggested amounts were as follows;

    Swap to Buccament Bay. Minimum £50,000
    Swap to H Hotel. Minimum £75,000
    Swap to Blu Hotel. Minimum £30,000

    Investors considering a swap would need to take independent advice.

    Two Rivers/ Las Canas/ Hideaway- Dominican Republic
    These projects were in a similar position to the Marquis Estate and there is currently no building activity taking place. Harlequin was still committed to these projects. To build these developments will be much easier than the Marquis Estate; particularly the Two Rivers development. The same options that apply to investors in the Marquis Estate are available to investors in these developments.

    Merricks – Barbados
    As above.

    Blu Hotel – St Lucia
    The Blu Hotel is in many ways similar to the H Hotel; a self-funding project. It is currently trading and somewhere between breaking even and making a small profit.

    4) Harlequin’s income
    Harlequin continues to face financial challenges but its position continues to improve. The main sources of income for Harlequin were explained as follows;

    (i) Buccament Bay trading receipts
    (ii) Blu Hotel trading receipts
    (iii) Property completions
    (iv) Legal claims (including claim against Wilkins Kennedy)

    During the past few years Harlequin has run up debts with suppliers of goods and services to the various Harlequin resorts and developments. Attending to these debts remains a priority because without these goods and services Harlequin cannot trade and therefore cannot develop trust and relationships with suppliers in the Caribbean for further development at the right time. Dave Ames continues to manage creditors and trading relationships carefully and debts continue to reduce each month. The reputation of Buccament Bay continues to improve with its suppliers to the extent credit has recently been possible. This will help the cash flow enormously.

    Harlequin is owed a significant amount of money for the properties which it has built. Not being able to secure mortgages on behalf of the investors has caused problems and delayed completions. This income will provide Harlequin with the means to continue to develop and build more properties. Harlequin is also in the midst of a US$70 million claim against Wilkins Kennedy (and its insurers) for professional negligence relating to the fraudulent misappropriation carried out by the Irish Builder, ICE. Harlequin had its first hearing by way of a Case Management Conference in the High Court in London on 23rd January and is extremely confident of success to be realised in 2016.

  227. SIPP-ing

    Are you just reposting the propaganda or are you delusional?

  228. Trust Ames until 2020, or get your cash now?

    So, in summary Harlequin is @ucked and can’t pay its way.

  229. Some comments on the minutes of the meeting which I'm sure you might find interesting

    An overview of the various Harlequin projects was requested and Dave Ames provided the following information;

    H Hotel- Barbados
    This is a ring fenced project which includes 78 rooms. The completion of this project is scheduled prior to end of 2016 subject to finance and other circumstances.

    (1). Dave I think we would all like to know what the other circumstances are, you are asking for cash to complete this hotel but you are now telling us that cash is not the only issue, so please tell us what is?

    Harlequin has received 30% deposits on all 78 rooms but requires a further 30% to fund the project costs.

    (2). So the resort was sold out, and you recieved c £ 8 million quid half of which you spent on commisions.

    Consideration is being given how best to achieve this and it might include swaps; amalgamations etc. by existing investors. Harlequin has not been making any new sales and Dave Ames focus is to approach existing investors only to discuss the possible options.

    (3). Swap with what exactly, the investors in H have done as was required, 30% down with nothing more to pay to completion, it’s not complete, so why should an investor swap with a resort that now looks like it never will be built.

    Buccament Bay – St Vincent
    Phase 1 of the building program has been completed by Harlequin.

    (4). Phase 1 has not been completed, unless of course you lied in the Irish case,

    The purchase of a small number of properties has completed and there are circa 150 further completions ongoing. Having completed the building of these properties Harlequin is owed a significant amount of money which is proving challenging to collect.

    Whilst many investors were hopeful Harlequin would be able to source a mortgage on their behalf Dave Ames confirmed this was not currently possible.

    (5). In many cases you and Harlequin promised guranteed mortgages.

    This position is making completions more difficult with the investor having to raise their own funds but Dave Ames is having conversations with investors and helping bring about completions with solutions again involving swaps and amalgamations.

    (6). What happened your business plan ?

    Where investors in Phase 1 cannot raise the funds to complete they are being switched to Phase 2 to allow other investors that have the funds available to complete on the properties which has now been built. The revenue from these sales is essential for the financial wellbeing of Harlequin and will assist with the building of the properties scheduled in Phase 2.

    (7). You claim you are owed £ 48 million, you owe c £ 400 million. Of the £ 48 million you say you are owed in excess of £ 12 million needs to be ring fenced to pay the 10% guranteed returns another £ 4 million for completion costs, £ 7 million for the land you intend to build on, in excess of £ 4 million needs to be paid as per settlements you have entered into with Litigants, c £ 4 million is required to clear your back log of existing supplier debt, c £ 170 million could be claimed by the FSCS and some £ 80 million by Shipleys, add to this the cash needed to bridge the operational shortfall, the cash required to pay your criminal lawyers in the SFO investigation and the cash required to fund the ongoing litigation which now forms part of your business model. And the c £ 230 million you owe investors aside from the FSCS claims because you are in breach of contract.

    Buccament Bay is currently enjoying an occupancy rate of circa 80% but this is a busy time of the year. For other times the occupancy has been lower but overall Buccament Bay is somewhere between breaking even and making a small loss. See international Airport below.

    (8). Ok so despite the record numbers the resort is not making a profit, how are you paying the investor returns so?

    Dave Ames has taken a much closer role in the running of the resort and has recently introduced a significant number of changes which is proving financially beneficial. These include a reduction in staff numbers (without detriment to service – comments on Trip Adviser still very good) and a change to their contracts of employment to incentive pay as opposed basic salary. This has reduced the basic monthly wage bill significantly and turned loss making areas of the business into profit.

    (9). To maintain 5 star status you need to increase staff as you add on more rooms, you have just added on 50 more rooms, most people would increase staffing levels.

    Whilst it has been suggested by some critics an independent Hotel management firm should be put into Buccament Bay it must be remembered they often want to take their income from the top slice (gross income) leaving the resort owner with much less income to cover its costs which could of course mean no profit. By managing the resort itself Harlequin takes receipt of all the income and has full control over all the expenses. Dave Ames is adamant that without this level of control Harlequin would not have survived.

    (10). You were the one claiming that you were in discussions with a Hotel Management company as part of the restructuring.

    Delays with the completion of the local Airport are very frustrating as the opening of the International Airport will have a direct impact on cash flow by removing the requirement of expensive inter-island flights for Tourists to St Vincent. The local Government are hopeful the Airport will be fully• operational by the end of the year and suggested Buccament Bay might think about expanding to meet the anticipated demand this is likely to generate. Dave Ames believes the completion of the Airport will encourage more visitors to fly direct to St Vincent and ensure Buccament Bay makes a healthy profit.

    (11). If the cost of the flight from Barbados to SVG is putting off guests because of costs, and BuccBay is making a loss at their current rates, to make a profit you will have to increase rates, so even if the flights were free there is no advantage to the guest, and if cost is an issue for them it will be if you increase your rates.

    Secondly which airlines have signed up to fly into the new airport ? Have you the list, ? And who will be paying the airline grants that are paid everywhere else in the Caribbean.

    The SVG government will have to pay the airlines to fly to SVG, the SVG Government States that these flights will make BBay profitable, so please tell us the deal you have struck with Ralph in that you have promised over a £ 1 million quid to fund the airline cost.

    To be continued ………….

  230. Dozy Dave

    I would just like to know in ‘Dave’s World’, how he will raise finance, survive the FSCS and HMRC oh yes and Shipleys and ooops the SFO investigation.

    Dave you prick it’s over, like you!

  231. Anonymous

    Dozy, Shipley’s have let him off the hook good and proper!

  232. Anonymous

    Why do you keep banging on about repaying back the FSCS? And what would the FSCS do with £170m, pay it back to the IFAs etc? That’s what a compensation scheme is, it compensates people. The FSCS will pay the SIPP compensation then rip up the contracts they hold. They will have honoured their obligations, job done,

  233. Stupid, stupid

    Anonymous,
    But has HMRC and the SFO, let him off…… lol.

    Obviously, you are soooooooooo knowledgeable about the legal working of the FSCS😉

    You cock it’s over

  234. Dog eat dog World.

    I don’t give a toss anymore, I’m getting my money back via RL. The rest of you can bitch as much as you like – I’m okay and moving on.

    I don’t care what happens to Ames, Harlequin, as long as I get my money back. This is a simple fact of life.

    Given the choice you would all do the same.

  235. Sid

    Do you honestly think the FSCS will shell out £170m and then just rip up the contracts and walk away? Don’t you think they may try to enforce the refund clause in those contracts to recover the money they pay out?

  236. Anon

    Ames states he is owed £ 48 million quid on completions for Buccbay, he forgets that the cost to construct Buccbay was £ 109 million, his cost of sales was actually £ 218 million. There are 9,000 contracts, c £ 440 million taken in deposits, c 1700 of these contracts are at Buccbay.
    c £ 85 million was paid by investors in Buccbay ( this being the cost of sales ) in real terms £ 42.5 million was used in the construction of Buccbay which means Ames had to borrow £ 66.5 million from other seperate RDC companies ie investors in other resorts to fund the build at Buccament Bay, yet no where does Ames address this inter company debt. So even though he claims he is owed money through the completions at Buccament Bay £ 48 million, this money plus a further £ 18.5 million is owed to other RDC’s. Including possibly the H Hotel.

    Ames says the completion monies at Bucc bay will be used to futher develop that resort, he moans about investors being unable to complete, but he owes all this money to the other RDC’s. We don’t have Ames moaning that the Marquis Estate, or Two Rivers cannot be built because one of Ames’ own companies in SVG owes those RDC’s substantial amounts of money. But that folks is exactly what is going on.

    Even if Ames were to get all the completion money, and win the Wilkins Kennedy case, coupled with the additional existing debts, the guranteed returns, litigation costs and closing costs referred to by an earlier poster, he still would not come out of insolvency.

  237. Sid

    So at BB there are currently 300 built units with 1,400 still to build. Where are they supposed to go and how will they fit thousands of guests around the pool? Is there really a plan for the construction of 1,700 units or were the original 300 sold 6 times?

  238. Passing

    Redress is the only way.

    If your a direct investor we are not interested anymore.

  239. Anon

    No Sid c 150 units have been completed at Buccbay not 300,

  240. Sid

    Ok, so the same calculation plus another 150! Does anyone actually believe it?

  241. Anonymous

    Stupid, Stupid, what an appropriate name you have!
    Shipleys cant be bothered recovering the Dubai cash or the Directors loans because its too difficult.
    You forget you thick shit who chose Shipley’s they just want their fees for little effort.
    As for FSCS and SFO I know nothing about those, never have claimed to, and neither do you!
    Looks like this experience is giving you anger issues, go and have a lie down in a dark room and put some Classic FM on!

  242. Anonymous

    Dog eat Dog World, I hope your investment wasn’t more than £50k less 15%!

  243. Anon

    A Gabriella Klein has just asked the following question over on the RL forum.

    “RL – As a cash investor without the means to pursue redress – which the Manchester office has told me could cost many thousands with no guaranteed positive outcome, plus the danger of having to pay the fees for the other side – what would be the position if I did not join the Trust and the unit was built?
    Is joining the Trust logical in the event that Harlequin went bust, and as a Trust member one would have a claim against assets?
    I look forward to reading your reply.
    Thank you.

    The answer to the question is rather simple, Harlequin are insolvent, and if the FSCS begin the process of paying out redress payments they will look to seek recovery of these funds from Harlequin, this if nothing else does will push Harlequin into liquidation.

    If you are a member of a trust, you will then like most others become an unsecured creditor, the trust gives you absolutely no rights in the event of a liquidation other then unsecured status. Don’t forget the trust is being drafted under UK law, not SVG or Caribbean Law where the assets are being held, and Ames will defend any challenges to the trust by using the old jurisdiction card if he has to.

    If RL state that by joining the trust you will become a secured creditor, keep the correspondance between you, that way when Harlequin is liquidated you will have come back against RL’ s PI insurance.

  244. Anon

    @ Anonymous March 10, 2015 at 3:23 pm

    I am not sure who you are but here is your post again with my responses. You clearly know exactly how this works yet you are trying to convince many others who may not have an understanding of how this works.

    Why do you keep banging on about repaying back the FSCS? And what would the FSCS do with £170m, pay it back to the IFAs etc?

    “Any funds recouped are put back into the compensation fund, which would reduce the levy paid by Financial Institutions, Banks and IFA’s ultimately leading to potentially reduced financial charges for all of us.”

    That’s what a compensation scheme is, it compensates people. The FSCS will pay the SIPP compensation then rip up the contracts they hold. They will have honoured their obligations, job done,

    “That is not how it works I’m afraid, if it were to work that way you would have 100’s of scams like Harlequin being operated everyday. The redress option by the FSCS is the option of last resort, when the determination is that the investment (1). Has failed and (2). There is little or no hope of recovery from the investment, aside of what might be obtained through a liquidation of the assets.

  245. .

    But the contracts have no value. Therefor the value of what the FSCS hold is zero. They cannot have it both ways.

  246. SIPP-ing

    Trust Ames until 2020, or get your cash now?
    March 10, 2015 at 2:45 pm
    Get your cash NOW. Bloomin ek, how much evidence do you need ? £200mil shifted out, £40 mil still missing, little built, Walter Mitty on the bridge, SFO ET AL still in there. Cut n run if you can- if not hope there’s some sort of take over with pro managers injecting cash. You’ll also need a scale down of the grand plans., maybe an asset sale to help consolidate.

  247. Dog eat dog World.

    @Anonymous
    March 10, 2015 at 4:18 pm
    Dog eat Dog World, I hope your investment wasn’t more than £50k less 15%!

    I hope your’s was cash – 100% of your investment = nil

    Who’s the Daddy!!

  248. Take the cash and run.....

    Why would any SIPP investor not take the cash?

  249. Anon

    “But the contracts have no value. Therefor the value of what the FSCS hold is zero. They cannot have it both ways.”

    Maybe you’d like to tell this to the FSCS directly? I’m sure you have the authority to decree how they should work.

  250. Anon

    This is from the FSCS website:

    “Following the depositor payout, FSCS will take the place of the depositors as a creditor. FSCS expects to remain on the Liquidation Committee after payout, to work with the liquidator in the realisation and distribution of the bank’s assets. FSCS will rely on the provisions of Section 215 FSMA and COMP 15.1.17R to effect an automatic transfer or subrogation of depositor’s rights, rather than rely upon an application form or written assignment. FSCS expects to be admitted as a creditor for the amount of the SCV payout and in respect of accounts paid that are not in the SCV; if there are any changes to that data FSCS must be notified immediately. In the event of an overpayment, FSCS may wish to consider with the liquidator what (if any) action to take to claw back any funds overpaid to depositors.”

    It is discussing bank bailouts – perhaps it could be for this case also. Most pertinent is that FSCS intends to remain as a creditor.

    http://www.fscs.org.uk/industry/single-customer-view/insolvency-practitioners/

  251. Anon

    Here is another piece of information:

    http://www.professionaladviser.com/professional-adviser/news/2375797/failed-networks-liquidators-chase-ars-for-millions-in-fscs-payouts

    “However, as is part of the FSCS’s remit, the scheme is now seeking to recover money it has paid out to investors by making claims against the estate of A2O as the network is wound down by liquidators.”

  252. Anonymous

    Dog Eat Dog, no my investment wasn’t SIPP, it was cash.

    £1000 deposit then changed my mind, so I am 100% loss as you wish.

    Never known anybody get -15% and gloat before, hardly a winner.

    I was smarter than the daddy!

  253. I keep seeing the word “liquidator” in your FSCS quotes. There is no liquidator so the quotes are irrelevant.

  254. Anon

    The FSCS will actively pursue Ames for the monies, of that there is no doubt, but further more Ames actions have again allowed him to score another own goal in the Wilkins Kennedy case.

    Maybe Mr. Spector or Mr. Rees needs to wake up to this fact.

    A major part of the claim against Wilkins Kennedy centres around the solvency of the former contractor the ICE Group, it was Ames’ assertion in the Irish case and again in the Wilkins Kennedy case that the ICE Group was trading insolvently prior to their removal from the Buccament Bay site, a point which Wilkins Kennedy will argue is not the case in the course of the trial, given that Wilkins Kennedy acted for the ICE Group.

    However it is Mr. Ames’ assertion that because the ICE group was insolvent it should not have been trading, which is rather rich coming from Ames, who’s companies have not only been deemed insolvent by his own accountants Jim Baker, the FSCS and now Mr. Ames himself (although he will state that the minutes of the meeting produced were not a true reflection of what he said),

    It must be noted that if minutes of meetings are produced and Ames is subsequently confronted with them in the manner similar to the way RL have produced them and these minutes do not suit a particular agenda of Ames, he will just deny that’s what he said, we have the issue of the now infamous transcripts, we heard in the Irish court how Ames agreed to items contained in minutes of meetings because he was afraid for his life of the builder, or how Willkins Kennedy forced him into agreeing something, other times he just denied point blank that the minutes reflected anything he said.

    We have also have had Ames state that he was taken out of context on numerous occasions.

    But the facts are the facts, Ames has claimed that if a company is insolvent even in SVG, it should not be allowed to continue to trade and furthermore it is Ames’ assertion and argument as can be seen in the Irish case that the directors should be held personally responsible for the debts as a result of trading insolvently, a point Mr. Campion should consider given that Harlequin Developments, HD Studio was also trading insolvently at the time he was managing director.

    It looks like Ames’ arguments in the Irish and Wilkins Kennedy case will come to haunt him, and a few others.

    A classic but not untypical own goal from Ames, who really is clueless in running a business, and is just a pint sized horrible disgusting little conman.

  255. Anon

    “I keep seeing the word “liquidator” in your FSCS quotes. There is no liquidator so the quotes are irrelevant.”

    You can only bury your head in the sand for so long.

  256. Weight Watchers

    Ingham is just hired flab.

  257. Anon

    Ames could do with giving refunds to cash investors instead of paying moronic staff to put ‘fat jokes’ on here! What is it exactly that you do in Basildon ?

  258. Anon

    To Pete and Chrissie Jackson over on the RL forum, cash investors are asking if they should join the trust. No they shouldn’t, it does not help them in anyway, it does not make them secured creditors, it possibly does make them responsible for the assets held within the trust, and mark my words, once investors join a trust, it won’t be long before Ames comes out with the story that unless the trustees come up with regular payments of potentially a few thousand pounds each all will be lost.

    Ames will pull this card of that there is no doubt and he will do it in a way that will terrify investors into agreement.

    RL know what will happen, Gareth Fatchett has stated this, no.

    (1). Gareth will agree that because of the redress the numbers are just not there to make a trust work.

    (2). Gareth knows that the FSCS will become the single largest creditor, they are not into operating hotels, they will call in the debt, Gareth Fatchett has stated as much.

    (3). There is no real advantage to the trust that is not already covered by the contracts, the trust was primarily suggested to keep Harlequin from liquidation, the redress options will do what the trust was designed to protect against.

    (4). The trust does not make you a secured creditor.

    (5). Joining the trust precludes you from taking an action similar to the Carter Lemon Cameron class action which contrary to the rumours on here was in some respects quite successful.

  259. Oh I'm the great pretender!!

    Pretty obvious that the fatty comment have irritated Mr. None director / partnership Ingham.

    Why do you have no account Dick?

    No Vat number Dickie?

    By the way your dirty little deal, it’s been reported.

    Goodnight chubbykins😉

  260. Interesting

    There is a pattern, everytime we get some interesting posts like the one beliw they get followed by a whole heap of nonsense in a bid to push these posts down the thread.

    The poster who is talking to himself a inout obesity must not like what is being posted.

    Anon on March 10, 2015 at 6:16 pm
    The FSCS will actively pursue Ames for the monies, of that there is no doubt, but further more Ames actions have again allowed him to score another own goal in the Wilkins Kennedy case.

    Maybe Mr. Spector or Mr. Rees needs to wake up to this fact.

    A major part of the claim against Wilkins Kennedy centres around the solvency of the former contractor the ICE Group, it was Ames’ assertion in the Irish case and again in the Wilkins Kennedy case that the ICE Group was trading insolvently prior to their removal from the Buccament Bay site, a point which Wilkins Kennedy will argue is not the case in the course of the trial, given that Wilkins Kennedy acted for the ICE Group.

    However it is Mr. Ames’ assertion that because the ICE group was insolvent it should not have been trading, which is rather rich coming from Ames, who’s companies have not only been deemed insolvent by his own accountants Jim Baker, the FSCS and now Mr. Ames himself (although he will state that the minutes of the meeting produced were not a true reflection of what he said),

    It must be noted that if minutes of meetings are produced and Ames is subsequently confronted with them in the manner similar to the way RL have produced them and these minutes do not suit a particular agenda of Ames, he will just deny that’s what he said, we have the issue of the now infamous transcripts, we heard in the Irish court how Ames agreed to items contained in minutes of meetings because he was afraid for his life of the builder, or how Willkins Kennedy forced him into agreeing something, other times he just denied point blank that the minutes reflected anything he said.

    We have also have had Ames state that he was taken out of context on numerous occasions.

    But the facts are the facts, Ames has claimed that if a company is insolvent even in SVG, it should not be allowed to continue to trade and furthermore it is Ames’ assertion and argument as can be seen in the Irish case that the directors should be held personally responsible for the debts as a result of trading insolvently, a point Mr. Campion should consider given that Harlequin Developments, HD Studio was also trading insolvently at the time he was managing director.

    It looks like Ames’ arguments in the Irish and Wilkins Kennedy case will come to haunt him, and a few others.

    A classic but not untypical own goal from Ames, who really is clueless in running a business, and is just a pint sized horrible disgusting little conman.

  261. Anonymous

    We know that Dave Carol, Dan Ames, Tazer Gun Stenning, the Good folks over on the RL forum. Richard I’m hiding from everyone Spector, young Dan I’ve not told the SRA who I work for Abrams because I don’t actually know, Andrew lie to the UK court Regan, even Simon I know I’m up shit creek Terry are all regular visitors to these pages, well boys, we gotcha, and we gotcha real good. Embedded files are a bitch, always we mean always be careful with any electronic storage device, and always make sure you know the source before being tempted to slot it into your computer, and never, We mean never make copies unless you are full sure of the source.

    See shit happens when you try to be smart……. also always read the whole of the contents, and understand that it is the companies and not just the directors who are facing criminal prosecution.

  262. These were pushed a bit too far down

    Those minutes on March 10, 2015 at 1:11 pm
    An overview of the various Harlequin projects was requested and Dave Ames provided the following information;

    H Hotel- Barbados
    This is a ring fenced project which includes 78 rooms. The completion of this project is scheduled prior to end of 2016 subject to finance and other circumstances. Harlequin has received 30% deposits on all 78 rooms but requires a further 30% to fund the project costs. Consideration is being given how best to achieve this and it might include swaps; amalgamations etc. by existing investors. Harlequin has not been making any new sales and Dave Ames focus is to approach existing investors only to discuss the possible options.

    Buccament Bay – St Vincent
    Phase 1 of the building program has been completed by Harlequin. The purchase of a small number of properties has completed and there are circa 150 further completions ongoing. Having completed the building of these properties Harlequin is owed a significant amount of money which is proving challenging to collect. Whilst many investors were hopeful Harlequin would be able to source a mortgage on their behalf Dave Ames confirmed this was not currently possible. This position is making completions more difficult with the investor having to raise their own funds but Dave Ames is having conversations with investors and helping bring about completions with solutions again involving swaps and amalgamations.
    Where investors in Phase 1 cannot raise the funds to complete they are being switched to Phase 2 to allow other investors that have the funds available to complete on the properties which has now been built. The revenue from these sales is essential for the financial wellbeing of Harlequin and will assist with the building of the properties scheduled in Phase 2.

    Buccament Bay is currently enjoying an occupancy rate of circa 80% but this is a busy time of the year. For other times the occupancy has been lower but overall Buccament Bay is somewhere between breaking even and making a small loss. See international Airport below.

    Dave Ames has taken a much closer role in the running of the resort and has recently introduced a significant number of changes which is proving financially beneficial. These include a reduction in staff numbers (without detriment to service – comments on Trip Adviser still very good) and a change to their contracts of employment to incentive pay as opposed basic salary. This has reduced the basic monthly wage bill significantly and turned loss making areas of the business into profit.

    Whilst it has been suggested by some critics an independent Hotel management firm should be put into Buccament Bay it must be remembered they often want to take their income from the top slice (gross income) leaving the resort owner with much less income to cover its costs which could of course mean no profit. By managing the resort itself Harlequin takes receipt of all the income and has full control over all the expenses. Dave Ames is adamant that without this level of control Harlequin would not have survived.

    Delays with the completion of the local Airport are very frustrating as the opening of the International Airport will have a direct impact on cash flow by removing the requirement of expensive inter-island flights for Tourists to St Vincent. The local Government are hopeful the Airport will be fully• operational by the end of the year and suggested Buccament Bay might think about expanding to meet the anticipated demand this is likely to generate. Dave Ames believes the completion of the Airport will encourage more visitors to fly direct to St Vincent and ensure Buccament Bay makes a healthy profit.

    Marquis Estate – St Lucia
    The land was purchased several years ago which includes some 500 acres. A considerable amount of additional money has been spent on planning and infrastructure costs. Harlequin remains committed to this project but at the present time does not have the funds to move it forward. It is the most challenging of builds due to the land’s geography and consequently this project is currently on hold. Dave Ames suggested it might get completed within 5 years but with a project of this size and complexity it remains uncertain.

    Dave Ames is amenable to investors in this project swapping to alternative Harlequin properties and Dan Dalligan or Vinny Stenning can be contacted to discuss the options.

    Many of the investor contracts relating to this project suggest Harlequin is obliged to refund their money within 60 days of request. (Refer Clause 12). Dave Ames acknowledged this but said Harlequin was not in a position to make any refunds at the current time. The options available include a swap to another property; bringing a claim against Harlequin in St Lucia; registering a charge over the land in St Lucia. It was mentioned taking legal action against Harlequin in St Lucia will be very expensive and very slow and unlikely to bring about a refund. A swap to another property was the option most likely to bring about a return on their investment in the short to medium term.

    Whilst Dan Dalligan or Vinny Stenning can be contacted to discuss the possibility of swapping; the following ball park figures were suggested. To move to another property an additional cash contribution would be necessary. Suggested amounts were as follows;

    Swap to Buccament Bay. Minimum £50,000
    Swap to H Hotel. Minimum £75,000
    Swap to Blu Hotel. Minimum £30,000

    Investors considering a swap would need to take independent advice.

    Two Rivers/ Las Canas/ Hideaway- Dominican Republic
    These projects were in a similar position to the Marquis Estate and there is currently no building activity taking place. Harlequin was still committed to these projects. To build these developments will be much easier than the Marquis Estate; particularly the Two Rivers development. The same options that apply to investors in the Marquis Estate are available to investors in these developments.

    Merricks – Barbados
    As above.

    Blu Hotel – St Lucia
    The Blu Hotel is in many ways similar to the H Hotel; a self-funding project. It is currently trading and somewhere between breaking even and making a small profit.

    4) Harlequin’s income
    Harlequin continues to face financial challenges but its position continues to improve. The main sources of income for Harlequin were explained as follows;

    (i) Buccament Bay trading receipts
    (ii) Blu Hotel trading receipts
    (iii) Property completions
    (iv) Legal claims (including claim against Wilkins Kennedy)

    During the past few years Harlequin has run up debts with suppliers of goods and services to the various Harlequin resorts and developments. Attending to these debts remains a priority because without these goods and services Harlequin cannot trade and therefore cannot develop trust and relationships with suppliers in the Caribbean for further development at the right time. Dave Ames continues to manage creditors and trading relationships carefully and debts continue to reduce each month. The reputation of Buccament Bay continues to improve with its suppliers to the extent credit has recently been possible. This will help the cash flow enormously.

    Harlequin is owed a significant amount of money for the properties which it has built. Not being able to secure mortgages on behalf of the investors has caused problems and delayed completions. This income will provide Harlequin with the means to continue to develop and build more properties. Harlequin is also in the midst of a US$70 million claim against Wilkins Kennedy (and its insurers) for professional negligence relating to the fraudulent misappropriation carried out by the Irish Builder, ICE. Harlequin had its first hearing by way of a Case Management Conference in the High Court in London on 23rd January and is extremely confident of success to be realised in 2016.

  263. And so was this

    Some comments on the minutes of the meeting which I’m sure you might find interesting on March 10, 2015 at 3:02 pm
    An overview of the various Harlequin projects was requested and Dave Ames provided the following information;

    H Hotel- Barbados
    This is a ring fenced project which includes 78 rooms. The completion of this project is scheduled prior to end of 2016 subject to finance and other circumstances.

    (1). Dave I think we would all like to know what the other circumstances are, you are asking for cash to complete this hotel but you are now telling us that cash is not the only issue, so please tell us what is?

    Harlequin has received 30% deposits on all 78 rooms but requires a further 30% to fund the project costs.

    (2). So the resort was sold out, and you recieved c £ 8 million quid half of which you spent on commisions.

    Consideration is being given how best to achieve this and it might include swaps; amalgamations etc. by existing investors. Harlequin has not been making any new sales and Dave Ames focus is to approach existing investors only to discuss the possible options.

    (3). Swap with what exactly, the investors in H have done as was required, 30% down with nothing more to pay to completion, it’s not complete, so why should an investor swap with a resort that now looks like it never will be built.

    Buccament Bay – St Vincent
    Phase 1 of the building program has been completed by Harlequin.

    (4). Phase 1 has not been completed, unless of course you lied in the Irish case,

    The purchase of a small number of properties has completed and there are circa 150 further completions ongoing. Having completed the building of these properties Harlequin is owed a significant amount of money which is proving challenging to collect.

    Whilst many investors were hopeful Harlequin would be able to source a mortgage on their behalf Dave Ames confirmed this was not currently possible.

    (5). In many cases you and Harlequin promised guranteed mortgages.

    This position is making completions more difficult with the investor having to raise their own funds but Dave Ames is having conversations with investors and helping bring about completions with solutions again involving swaps and amalgamations.

    (6). What happened your business plan ?

    Where investors in Phase 1 cannot raise the funds to complete they are being switched to Phase 2 to allow other investors that have the funds available to complete on the properties which has now been built. The revenue from these sales is essential for the financial wellbeing of Harlequin and will assist with the building of the properties scheduled in Phase 2.

    (7). You claim you are owed £ 48 million, you owe c £ 400 million. Of the £ 48 million you say you are owed in excess of £ 12 million needs to be ring fenced to pay the 10% guranteed returns another £ 4 million for completion costs, £ 7 million for the land you intend to build on, in excess of £ 4 million needs to be paid as per settlements you have entered into with Litigants, c £ 4 million is required to clear your back log of existing supplier debt, c £ 170 million could be claimed by the FSCS and some £ 80 million by Shipleys, add to this the cash needed to bridge the operational shortfall, the cash required to pay your criminal lawyers in the SFO investigation and the cash required to fund the ongoing litigation which now forms part of your business model. And the c £ 230 million you owe investors aside from the FSCS claims because you are in breach of contract.

    Buccament Bay is currently enjoying an occupancy rate of circa 80% but this is a busy time of the year. For other times the occupancy has been lower but overall Buccament Bay is somewhere between breaking even and making a small loss. See international Airport below.

    (8). Ok so despite the record numbers the resort is not making a profit, how are you paying the investor returns so?

    Dave Ames has taken a much closer role in the running of the resort and has recently introduced a significant number of changes which is proving financially beneficial. These include a reduction in staff numbers (without detriment to service – comments on Trip Adviser still very good) and a change to their contracts of employment to incentive pay as opposed basic salary. This has reduced the basic monthly wage bill significantly and turned loss making areas of the business into profit.

    (9). To maintain 5 star status you need to increase staff as you add on more rooms, you have just added on 50 more rooms, most people would increase staffing levels.

    Whilst it has been suggested by some critics an independent Hotel management firm should be put into Buccament Bay it must be remembered they often want to take their income from the top slice (gross income) leaving the resort owner with much less income to cover its costs which could of course mean no profit. By managing the resort itself Harlequin takes receipt of all the income and has full control over all the expenses. Dave Ames is adamant that without this level of control Harlequin would not have survived.

    (10). You were the one claiming that you were in discussions with a Hotel Management company as part of the restructuring.

    Delays with the completion of the local Airport are very frustrating as the opening of the International Airport will have a direct impact on cash flow by removing the requirement of expensive inter-island flights for Tourists to St Vincent. The local Government are hopeful the Airport will be fully• operational by the end of the year and suggested Buccament Bay might think about expanding to meet the anticipated demand this is likely to generate. Dave Ames believes the completion of the Airport will encourage more visitors to fly direct to St Vincent and ensure Buccament Bay makes a healthy profit.

    (11). If the cost of the flight from Barbados to SVG is putting off guests because of costs, and BuccBay is making a loss at their current rates, to make a profit you will have to increase rates, so even if the flights were free there is no advantage to the guest, and if cost is an issue for them it will be if you increase your rates.

    Secondly which airlines have signed up to fly into the new airport ? Have you the list, ? And who will be paying the airline grants that are paid everywhere else in the Caribbean.

    The SVG government will have to pay the airlines to fly to SVG, the SVG Government States that these flights will make BBay profitable, so please tell us the deal you have struck with Ralph in that you have promised over a £ 1 million quid to fund the airline cost.

    To be continued ………….

  264. Anonymous

    What is a None Director?

  265. Anonymous

    Anon on March 10, 2015 at 8:06 pm
    To Pete and Chrissie Jackson over on the RL forum, cash investors are asking if they should join the trust. No they shouldn’t, it does not help them in anyway, it does not make them secured creditors, it possibly does make them responsible for the assets held within the trust, and mark my words, once investors join a trust, it won’t be long before Ames comes out with the story that unless the trustees come up with regular payments of potentially a few thousand pounds each all will be lost.

    Ames will pull this card of that there is no doubt and he will do it in a way that will terrify investors into agreement.

    RL know what will happen, Gareth Fatchett has stated this, no.

    (1). Gareth will agree that because of the redress the numbers are just not there to make a trust work.

    (2). Gareth knows that the FSCS will become the single largest creditor, they are not into operating hotels, they will call in the debt, Gareth Fatchett has stated as much.

    (3). There is no real advantage to the trust that is not already covered by the contracts, the trust was primarily suggested to keep Harlequin from liquidation, the redress options will do what the trust was designed to protect against.

    (4). The trust does not make you a secured creditor.

    (5). Joining the trust precludes you from taking an action similar to the Carter Lemon Cameron class action which contrary to the rumours on here was in some respects quite successful.

  266. Anonymous

    Anon on March 10, 2015 at 5:23 pm
    This is from the FSCS website:

    “Following the depositor payout, FSCS will take the place of the depositors as a creditor. FSCS expects to remain on the Liquidation Committee after payout, to work with the liquidator in the realisation and distribution of the bank’s assets. FSCS will rely on the provisions of Section 215 FSMA and COMP 15.1.17R to effect an automatic transfer or subrogation of depositor’s rights, rather than rely upon an application form or written assignment. FSCS expects to be admitted as a creditor for the amount of the SCV payout and in respect of accounts paid that are not in the SCV; if there are any changes to that data FSCS must be notified immediately. In the event of an overpayment, FSCS may wish to consider with the liquidator what (if any) action to take to claw back any funds overpaid to depositors.”

    It is discussing bank bailouts – perhaps it could be for this case also. Most pertinent is that FSCS intends to remain as a creditor.

    http://www.fscs.org.uk/industry/single-customer-view/insolvency-practitioners/

  267. Anonymous

    Anon on March 10, 2015 at 4:25 pm
    A Gabriella Klein has just asked the following question over on the RL forum.

    “RL – As a cash investor without the means to pursue redress – which the Manchester office has told me could cost many thousands with no guaranteed positive outcome, plus the danger of having to pay the fees for the other side – what would be the position if I did not join the Trust and the unit was built?
    Is joining the Trust logical in the event that Harlequin went bust, and as a Trust member one would have a claim against assets?
    I look forward to reading your reply.
    Thank you.

    The answer to the question is rather simple, Harlequin are insolvent, and if the FSCS begin the process of paying out redress payments they will look to seek recovery of these funds from Harlequin, this if nothing else does will push Harlequin into liquidation.

    If you are a member of a trust, you will then like most others become an unsecured creditor, the trust gives you absolutely no rights in the event of a liquidation other then unsecured status. Don’t forget the trust is being drafted under UK law, not SVG or Caribbean Law where the assets are being held, and Ames will defend any challenges to the trust by using the old jurisdiction card if he has to.

    If RL state that by joining the trust you will become a secured creditor, keep the correspondance between you, that way when Harlequin is liquidated you will have come back against RL’ s PI insurance.

  268. Let the games begin

    The pressure on Ames is mounting hour by hour, the first of the Redress claims have been paid and contracts have bern exchanged. The FSCS will shortly approach Ames for the cash, we know he has some 300 k vested with lawyers in Dubai, but a number of individuals have their eye on this cash including Shipleys, HMRC and others.

    Ames desperately needs funds to roll in for completion of Blu, H and BucBay to keep the FSCS claims fed, it is however a short term solution, but one Ames hopes will keep him out of prison a little while longer, Ames knows that if the FSCS call it, then the police will move in behind them, Ames will need to keep feeding the machine and pray that Wilkins Kennedy will offer him a settlement, Ames is desperately trying to hold off the mob till he squeezes some funds out of WK so look out for increased attacks and updates from Ames about NEW information he has on WK and the SFO. The man is in serious trouble.

  269. To all mortgage investors

    We suggest that all mortgage investors obtain in writing from RL the merits of joining the trust and their status as creditors should Harlequin enter liquidation.

    If you act on the advice of RL and it is subsequently found to be wrong then you may well have a valid claim against RL’s PI insurance. We have seen one instance already where RL have told an investor he can join the trust, yet provide nothing of substance to warn the investor against doing so.

    RL have accelerated the demise of Harlequin by virtue of their lobbying of the FSCS, there is no turning the clock back now.

    Have a look at this most recent thread from the RL forum.

    Regulatory Legal Solicitors
    If the mortgage broker no longer trades, try the FSCS route.

    Kalyan Ajoodha said:
    I am to a direct investor via remortgage. The 3rd party I went through initially is no longer in business & am at a loss to of what I need to do. Is joining the trust the only option? Last Friday David Ames sent an email to all saying that the deadline has been extended to join the trust. Can we please confirm with RL that joining the trust is our best option as 3rd party pursuals have proved fruitless?

    Harlequin Investor Group
    0 16

    Is it just me or are you confused too?
    by Arabella Kennedy
    on Friday
    Hi
    Well I’m a (foolish) direct investor and I am not sure how to go about retrieving my investment from the non-existent Buccament Bay.
    There have been countless e-mails over the months, (most of which confuse me), so I just put them into my “Harlequin” folder and keep promising myself that I will read them again and try to take some action but other than a few unsuccessful calls to the Manchester Branch and the downloading of a couple of forms which may or may not be helpful, I’m at a loss.
    For example, the last e-mail I received, which has a letter attached about Re-assignment of Rights – what is that about and who is it directed at?
    So if there is anyone who can enlighten me in a simple, straightforward way I would be very grateful.
    Many thanks
    AKennedy

    Pete and Chrissie Jackson
    If it’s from Harlequin, it’s probably a lousy idea to respond. I understand from the stuff that’s been on the BFP over the last few months that H are desparate to get more money to keep their show on the road and to get as many customers as possible to give up their right to sue.
    Do you mean the manchester branch of RL? If they thought it was a good idea to sign anything, they’s tell you very clearly.
    I don’t believe there is a solution that includes Ames continuing (to run the company/run anything else) and I don’t think direct investors have anything to gain by helping to keep harlequin going.
    on Friday

    Shaun clark
    Hi Arabella, I can not help you or advice you at all because i am in exactly the same position as you a “foolish” direct invester.

    Now that the end of March 15 is approaching I would welcome any thoughts that people in our position have as I am really at a loss of what to do.The Trust option I do not believe is the one for me but what’s the alternative Liquidation? Or if the FSCS become the major invester in Harlequin what then happens and how will that effect Direct Investers?

    I have not posted on this site before although when it is live I do catch up from time to time, if anyone can help or is in a similar position please get in touch as the 11th hour is fast approaching.

    Best wishes

    Shaun Clark
    on Saturday

    Regulatory Legal Solicitors
    Shaun,
    Harlequin can offer no solution to direct investors. It would be foolhardy to hand over any more cash.
    The only option for direct investors is 3rd party redress. We have said this from outset. Our Manchester office is handling these matters.
    Our Brierley Hill office is handling the SIPP matters.
    on Saturday

    Michael Rogers
    Hi,
    After taking advice from youn Manchester office to make a claim through The Mortgage claims Bureau, which we did we have received a letter back stating we have no case to proceed as we had an unregulated IFA. Is there anything else we could do? Any advice would be appreciated thanks. Michael & Gail.
    on Saturday

    Regulatory Legal Solicitors
    Michael,

    How did you re-mortgage? That’s key. We fear many re-mortgage claims will lose as people have quoted “home improvement ” as the reason for the further advance.
    on Saturday

    Shaun clark
    Thank you RL I have spoken with your I think Manchester office last year but really without any success due to the sellers circumstances…….so this is my dilemma what can I do if anything given that redress appears not to be an option leaving the trust or sit here waiting to see what may happen when FSCS have the majority of the investments.That is where I need guidance from someone please.
    Regulatory Legal Solicitors said:
    Shaun,
    Harlequin can offer no solution to direct investors. It would be foolhardy to hand over any more cash.
    The only option for direct investors is 3rd party redress. We have said this from outset. Our Manchester office is handling these matters.
    Our Brierley Hill office is handling the SIPP matters.
    on Saturday

    Regulatory Legal Solicitors
    Shaun,
    If you are a direct investor, then you can join the trust, but it will not go ahead without a majority. The majority of SIPP / re-mortgage investors will opt for FOS / FSCS redress.
    Joining the trust achieves very little as there is no finance at the moment. Without finance and a standstill arrangement with non-joining investors / FSCS – Harlequin will simply stumble on.
    Make sure you have explored your options and limitation is getting close for many people which would bar you out from acting in any event.
    on Sunday

    Michael Rogers

    Regulatory Legal Solicitors said:
    Michael,

    How did you re-mortgage? That’s key. We fear many re-mortgage claims will lose as people have quoted “home improvement ” as the reason for the further advance.
    Hi RL,
    We increased our facility on our one account and the reason we gave was a property investment in the Caribbean with returns on the investment in 3 years. Which sadly has not happened.
    on Sunday

    Regulatory Legal Solicitors
    You should be ok then. FSCS or FOS are your two routes.
    on Sunday

    Joanne Martin
    I too am in the same position having invested directly via a remortgage and bank transfer. I know the FA who did the remortgage put ‘home inprovements’ on the application so i have no redress to explore here.
    I invested with Barrisford and Bird so u guess the only redress available to me would be third party?
    I am at a loss also
    yesterday

    Regulatory Legal Solicitors
    Joanne,

    Did you fill your own form or did the broker do it ?
    yesterday

    Nigel Clive Poole
    Hi Arabella, i am exactly in the same position and having spoken with Manchester RL solicitors i don’t see any clear way forward. I was advised that Harlequin Property does not exist and ,they. for a fee, would pursue the financial adviser involved originally.
    This seems a real long shot and as i recall the ‘agent’ was working for Harlequin property anyway – i shall look into this and post any points of interest but taking direct action against an individual who may or may not be indemnified seems ridiculous.
    ;
    hours ago

    Kalyan Ajoodha
    I am to a direct investor via remortgage. The 3rd party I went through initially is no longer in business & am at a loss to of what I need to do. Is joining the trust the only option? Last Friday David Ames sent an email to all saying that the deadline has been extended to join the trust. Can we please confirm with RL that joining the trust is our best option as 3rd party pursuals have proved fruitless?
    hours ago

    Gabriella Klein
    Hi Kalyan
    No, joining the Trust is not your best option, as described above by RL. You should really try redress. If you contact Regulatory Legal they will point you in the right direction as there are several options you can pursue. It’s not the IFA or agent whom they pursue, but the mortgage broker or the lender. That’s my best advice, based on all the experience I’ve gathered in the past 21 months of being on these forums and pursuing my own redress.

    Kalyan Ajoodha said:
    I am to a direct investor via remortgage. The 3rd party I went through initially is no longer in business & am at a loss to of what I need to do. Is joining the trust the only option? Last Friday David Ames sent an email to all saying that the deadline has been extended to join the trust. Can we please confirm with RL that joining the trust is our best option as 3rd party pursuals have proved fruitless?
    hours ago

    Arabella Kennedy

    Regulatory Legal Solicitors said:
    Joanne,

    Did you fill your own form or did the broker do it ?
    Do you mean the re-mortgage form Joanne? if so it was done by my financial advisor, who incidentally didn’t think i should invest…..
    hours ago

    Regulatory Legal Solicitors
    If the mortgage broker no longer trades, try the FSCS route.

    Kalyan Ajoodha said:
    I am to a direct investor via remortgage. The 3rd party I went through initially is no longer in business & am at a loss to of what I need to do. Is joining the trust the only option? Last Friday David Ames sent an email to all saying that the deadline has been extended to join the trust. Can we please confirm with RL that joining the trust is our best option as 3rd party pursuals have proved fruitless?

  270. Watch out for the hounds

    Bob and the other HP apologists here (and let’s be honest…… it’s only little old Bobbitt) are either totally stupid, or paid to deliberately deceive.

    Bobbitt would have us believe the FSCS will pay out compensation, and then tear up the contracts. In Bobbie’s little world the FSCS are just a bank designed to bail out the GV.

    Be under no illusions, if a government department pays out C£170 million because an investment has failed, they will want their pound of flesh, and they will be incessant. Like a hound on a very short fox, they will peruse their target. They will pursue that stunted little fox until either they or another government hound (let’s call this one the SFO) tear him apart.

    The fox’s days are numbered. As are its wife’s teef.

    Let us all rejoice.

  271. Anonymous

    @Anonymous 11.49, you are not capable of reading your own propaganda. The FSCS will not puts HP into liquidation. As their own web site says, they would only seek redress from a liquidator. Totally different.
    @Watch out for the hounds, aka Yank it in easy, you poor idiot. Do you really think that Bob is the only poster who stands up to the Anti HP thugs? Still should be quiet now on here, you will be off to school soon.

  272. Fraud is Fraud

    In a nutshell direct investors, unless they have a few quid to take legal action against the agent ( assuming they didn’t commit fraud ) are up **** creek without a paddle? Joining the Trust just stops you suing little legs.

    Nobody can blame RL for that, they got my SIPP money back, so in my mind they are hero’s.

  273. The things people will do for money.

    Where is Bob Ladel with all his united to succeed crap? With promoting an unregulated company like Holkham Compensation.

    Makes you wonder if some financial inducements were offered to the likes of him and TailorMade?

    If I were a betting man………..😉

  274. SIPP-ing

    On point of question Games Begin- “but a number of individuals have their eye on this cash including Shipleys, HMRC and others”. Who has first call on this money which is investors? I would guess as Ames gave investors money to HIS overseas companies, then the money in HMSE- money taken out of investors funds for “commission” etc will be deemed “other creditors” dosh. I wonder how much is filtered away out of easy sight? There is still £40 million unaccounted for!

  275. Anon

    @ Anonymous March 11, 2015 at 8:48 am,

    “@Anonymous 11.49, you are not capable of reading your own propaganda. The FSCS will not puts HP into liquidation. As their own web site says, they would only seek redress from a liquidator. Totally different……………………..”,

    Look it’s very simple, the FSCS will ask Dave Ames to repay the FSCS the compensation the FSCS has paid out, if he can then there is no problem, he will get his contracts back, if he can’t then the FSCS will ensure the company is wound up. It is that simple. And Ames is only too aware of this.

    All any investor considering putting money into Harlequin has to do is to seek advice from an independent lawyer, explaining about the FSCS determination on insolvency, the lack of audited accounts and the minutes of the meeting, and I doubt there is one lawyer out there who would suggest anyone puts one additional penny into this scam.

  276. The Ames failures, too many to mention.

    Okey all the Pro Harlequin muppets, I would just like you to explain how that bumbling twice bankrupt failure is going to pull this off.

    Especially Bobit.

  277. Anonymous

    No Anon, it’s not that simple.
    1)what is the value of the compensation vs the value of the redress.
    If the FSCS has paid out £50,000 but the actual deposit value is substantially more than that then there is a contradiction. Who ownes the balance?
    2)if the contracts have nil value then how can they be exchanged for a cash amount?

  278. Sue them all

    Sue the SIPP companies for the balance, or the agent.

  279. SIPP-ing

    Yes the SIPP providers have acted diabolically and immorally. Sent money to wrong companies? No proper Due diligence? Sue people for fees when they have no money left in their SIPP. Go for them, they deserve kicking

  280. Anon

    @ Anonymous on March 11, 2015 at 12:10 pm.

    You said the following;

    “No Anon, it’s not that simple.
    1)what is the value of the compensation vs the value of the redress.
    If the FSCS has paid out £50,000 but the actual deposit value is substantially more than that then there is a contradiction. Who ownes the balance?
    2)if the contracts have nil value then how can they be exchanged for a cash amount?”

    You either have absolutely no idea what you are talking about. Or you are assisting in trying to con investors into continuing to support the Ames family. (1). A number of redress payments have already been paid up to the maximum of £ 50,000.00

    In return for this redress payment the investor had to novate their entire contract over to the FSCS.

    The investor does not have to do this, but if they want £ 50 k from the FSCS they do. It’s that simple. The FSCS becomes the contract holder.

    (2). Once the FSCS become the contract holder they will ask Harlequin for the money, if Harlequin can’t pay, then the FSCS will begin the process of winding up the companies.

    Companies get wound up when creditors call in the debts and the company is unable to pay the debt due to it’s insolvent nature, allthough many “HONEST DECENT” businessmen will do the honorable thing and call in the IP’s when they become insolvent but not Ames.

    If we take your view of the world there would be no company insolvency procedure, your view is that if the debt cannot be paid, it is just written off and the creditors are given compensation by the UK government and the company that could not pay the debt is then free to carry on trading.

  281. Bob, Bob, Bobbing Along

    Not looking good is it? The GV said redress can work along side the trust, but it clearly can’t. We are watching the last act, the show is almost over.

  282. Anonymous

    @Anon 1.09, a typical reply from a anti HP thug. Ask a question, get abuse. Yes very simple. OK let me try this again.
    Investor A has a contract worth £80k which was his deposit. THE FSCS pays out £50k, therefor there is a value of the balance of £30k. Does the FSCS just ask for £50k back, if so where does the balance go? Of course the FSCS has said the contract is worthless, so how can they try and claim back £50k with a worthless contract?
    Waits for “thugish” answer.

  283. Anonymous

    And by the way Anon 1.09, no one is suggesting the dept is paid by the UK government. The UK government have paid no money into this scheme, it is the IFA’s. Or perhaps you do not understand that point.

  284. Anon

    @anonymous 3.07pm. Yes some IFA’s in the UK, admin staff etc will lose their jobs, some companies will freeze wages and some go out of business because of the levy the FSCS are going to charge the industry to cover their costs.

  285. Anonymous

    No Anon, the IFAs pay into the scheme regardless. There is a pot of money, perhaps as much as £1b. That money is then paid out by the FSCS. The FSCS do not award compensation and then go to the IFAs to get the money thus putting jobs at risk. The money comes off the IFAs top line, not bottom line. Why do you think they were so easily persuaded by RL to change their minds in a couple of months? It’s because they could afford to.

  286. Anon

    Anonymous, it seems you’re trying to persuade yourself that everything is going to be okay. SIPP people want an end to the ordeal, cash victims now looking at how they’re going to get any money out.

    I think the fact that the FSCS is putting up the money to give back to SIPPs speaks volumes about Ames’ chances to get external finance, and to ultimately complete the resorts.

    If I were you, I’d concern myself more with sharing a credible business plan instead of trying to deflect arguments about how the FSCS will respond. The links posted last night allude to “liquidators” but that does not mean they will not work to put the company into liquidation as a way to secure the assets.

    Remember, David Ames is sitting on “$200m of assets” in the Caribbean. If he isn’t, then I’m sure not only he, but many of the IFA’s, have questions to answer about misrepresentation. This $200m of assets will suit a liquidator very well, as to provide the cash victims with some recompense, and the outstanding creditors getting their share.

    I don’t know how the FSCS works (and by the sounds of it, neither do you). The fact remains though, that Ames had the money and spent it. He simply cannot be bailed out by an industry body because he spent money where he shouldn’t (£1.4m on Harlequin Air, £6m on litigation).

    If that was the case, I’ll go to the Caribbean and get my fictitious property empire set up.

  287. Passing

    First £100m comes from IFA’s after that the industry as a whole.

    So the money is covered. It’s happening as we speak.

  288. Anon

    “compensation and then go to the IFAs to get the money thus putting jobs at risk”

    They raise a levy in different sections of their remit. This levy has been increased for all pension IFA’s because of the recent position on Harlequin, Green oil, etc. I can find the reference if you need it.

    If this levy increase makes the IFA’s unprofitable, as you assert it comes from their “top line” income, then many will undoubtedly go out of business due to a lack of “bottom line” profit.

    Further, you must remember that the companies / individuals which the levy raise effects is… you guessed it… the legitimate, honest IFA’s who have worked decades to cultivate a clientèle who not only trust them, but also are making the most of their managed funds.

    If FSCS were awash with money, which is the gist of what you’re trying to explain, they would not have to raise levies when dealing with cases such as Harlequin. But as we have seen, they have done just that. To think they will not try and cover this levy increase through clawing back the money they’ve shelled out is wishful thinking indeed.

  289. Anonymous

    Anon 3.53, nice try at changing the subject. No one is trying to deflect any argument, I just won’t swallow the rhetoric posted on here by posters who don’t deal in facts, just guess work. These points are fundamental for anyone trying to understand the true situation, not the wishful thinking of some.

  290. KST

    Just signed up with RL, feel happy I will get my money back.

  291. Anon

    “rhetoric posted on here by posters who don’t deal in facts, just guess work”

    Welcome to life – the only facts you need to know are that there are none. People control the money, and as such you have a choice to trust those people or make your own mind up. I don’t trust David Ames, many people feel wronged by him and are using this blog as a way to gain solace & analyse their thoughts. It makes them feel better after investing a sizeable amount of money into a company which doesn’t even have a centralized legal structure, operated by a twice bankrupt (probably thrice) who will actively counter-sue the people whose contracts he has not honoured.

    People get angry when certain individuals post on here that Harlequin is moving forward as planned when it evidently is not. The FSCS are the latest in a string of confirmations of this. Of course, Harlequin will deny any wrongdoing etc, but really you have to examine the state of affairs, highlighted by the recent minutes from RL – Harlequin is struggling and is in absolutely no position to build its planned resorts. This, of course, may change.

    From the Harlequin side, they will therefore say that they are “doing all they can” in light of “unforeseen issues”. But how does that explain the banking glitch for interest payments? How does it explain a distinct lack progress on the resorts, despite Harlequin telling people that the court case was the reason they stopped building?

    People want their money back. Someone called Anon keeps posting information which is staunchly anti-Harlequin. Others post pro-Harlequin. Unfortunately, neither of it gets money back for those people who are looking at potentially losing the lot.

  292. Anonymous

    @Anon 4.30 yes the other Anon does keep posting staunchly anti HP information. Why is that? Because he would want to destroy HP before him and his cohorts are found out. With total disregard to any investors. What about RL? Crowing about redress for SIPP investors. There’s money in it for them. Of course they couldn’t give a monkeys about the 2500 cash investors who are left. Stuff them. Yes the “I’m alright Jack” attitude is thriving.

  293. Sid

    It’s good to hear that people are starting to see redress. Here’s hoping that there aren’t too many people that lose out.

  294. Anonymous

    Well Sid I’m sure there are 3500 redress claimants who don’t give a stuff about the other 2500. All encouraged by the ethical RL of course.

  295. Sid

    I’m one of the 2500, but still don’t want to see people lose out of they have the chance to get their money back. And you never know, cutting 3500 investors loose may be a good thing for rest of us in the long term.

  296. Anon

    @anonymous 5.29pm. I think you work for harlequin. Has the investor with cancer had a refund yet ?

  297. Anonymous

    No I don’t work for HP. Do you think that anyone with a different view must be a HP employee? Very thuggish. And what has an investor with cancer got to do with it. Was he a cash investor? If he was then perhaps the 3500 SIPP investors will have a whip round.

  298. Anonymous

    “All,

    “Bigger Claims”

    When the FSCS determine a case successfully, they effectively take over the investment(s) they have compensated for.

    If your “eligible amount” (loss) is less than £50,000.00 (including pension transfer loss, investment loss, interest etc) then frankly, you do not care.

    If your loss exceeds £50,000.00 then compromising your rights means you have no further redress options. It would be negligent for any claims management firm to settle you without considering the implications of such a settlement.

    The technical process with the FSCS is a “Re-Assignment of Rights”. As a firm, we have made sure all our clients are protected by seeking a re-assignment of rights to permit our clients to pursue third parties for top up redress. The enclosed letter confirms the position.”

    https://cdn1.anonfiles.com/1426098261479.pdf

  299. Keep taking the pills Bob,

    So what would you have RL do? Idiot.

  300. Anon

    Dave Ames has been trading insolvently for years, but some still want to give him an olive branch, sorry the man took investors money, gave some of it away to third parties by way of interest free loans, took large amounts of money out of the business for his and his family, has treated investors with utter contempt, has lied through his teeth, is the subject of a serious criminal investigation, is the subject of a major tax investigation, etc.

    The man has been and is out of control, and we are expected to sit back and offer him an olive branch.

    Ames has sold properties knowing they were being sold to investors at way above their actual value, the valuations Ames attributed to the properties was an absolute work of fiction and not in keeping with the numerous independent valuations he had commissioned.

    Investors keep asking how much is available for them. Well let’s take the value of the Marquis Estate, Ames now admits that any build at the Marquis Estate will be technically complex, and as a result the project is on hold, on hold????? Technically complex also means it will cost a hell of a lot more then normal to build this.

    Ames took over £ 120 million in cash for the Marquis estate, took £ 60 million of this in comissions and dividends for his family, spends all this, this money is gone and then has the gall to tell us that the project is on hold. ????

    Those who have contracts in the Marquis estate should know that the value of this land, given the technical complexity of building on here and given that it is on the Atlantic Coast as opposed to the Caribbean coast is less then the £ 6 million quid Ames paid for it. Ames has also omitted to inform investors that as a result of the contracts Ames signed with land owners at the Marquis Estate, much of the land reverted back to the control and ownership of the former land owners given that Ames failed to develop this land as per the contracts, he also lost the money paid to the land owners as a result of the contracts he entered into.

    Ames was buying the land cheap by offering the land owners units whereby they would have had a continuous income.

    Those investors who purchased in the Marquis estate even if Ames were to give them the land will find that the asset is worth about 3 % of the money paid over.

    A similar situation arises at the Two Rivers and Las Canas resorts in the Dominican Republic. And Ames was denied permission to build sea and river side properties at these locations yet it never stopped him for charging a premium for these units.

    This is not a conspiracy, there are some on here who know the facts, many investors are afraid to acknowledge the facts because to do so will acknowledge that the investment is gone. BuccBay is not worth $ 250 million dollars, it’s making a loss or at best breaking even. To be worth $ 250 million dollars would suggest that the 150 units are worth $ 1,700,000 each. £ 1,130,000 each.

    If Ames was to attempt to build the resirts he has sold by 2020 he will need to find initial funding to the tune of £ 800 million, 6000 units at an average of 1000 sq ft and multiplied by the build rate of US $ 200 per sq ft.

    Interest payments on this finance would amount to £ 60-70 million a year.

    Ames has planned to build c 6000 units but there are some 9000 contracts out there,

    Ames would also need to find the c £ 146 million he owes on the 3000 contracts, over and above the 6,000 contracts on properties he had “planned” to build.

    So Ames will need £ 1 billion in finance if he was to attempt to complete what he has sold by 2020. Even a win in the Wilkins Kennedy case £ 46 million, will not even put a small dent in the finance required. Neither will the £ 48 million Ames claims he is owed in completion money on BuccBay.

    That will only give Ames less then 7 % of what he requires. Before other costs are taken out.

    I think investors have no idea of the magnitude of the problem and the sums involved. There can never be anything for investors, not in their lifetimes.

  301. Raising

    Look like RL are doing pretty well with the third party ‘Top Up’ It does seem somewhat irregular?

  302. Anonymous

    Things quiet on the concrete block front today?

  303. WM

    I like to keep things simple (like Ames) He cocked up when he had millions per month coming in, what makes anyone with even half a brain think he can make it work now? Utter madness.

  304. Tyler

    Get your money back now or trust the GV.

  305. Anonymous

    Anonymous 6.25 aka RL.so I’m trying to understand this fully. Going back the hypothetical situation. An investor has a SIPP invested through Tailormade of let’s say £80k. RL gets the investor £50k redress back. Is the letter saying that the investor can claim the other £30k from Tailormade?

  306. Anon

    @ Sid on March 11, 2015 at 5:40 pm

    You said,
    “I’m one of the 2500, but still don’t want to see people lose out of they have the chance to get their money back. And you never know, cutting 3500 investors loose may be a good thing for rest of us in the long term.”

    I have no axe to grind with you, but you too are falling into the trap. The redress payments are being made by the FSCS because it is their opinion that the business has failed, the FSCS is not bailing out the remaining 2500 investors, the FSCS will call in the debt.

    They will not pay redress and just tear up the contracts. And Sid there are c 9000 contracts out there not c 6000, there are c 6000 contract holders holding c 9000 contracts.

    And Sid in the event that Ames were in a position to complete all his resorts, do you honestly believe that Ames would be slow in enforcing the elements of the contracts whereby the investors would owe him the 70% completion monies.

  307. Bob from Wimbledon Common

    There you go again Bob, blaming the SIPP investors who are lucky enough to have a chance to get out of this mess.

    Will this be the new line from the GV in his next update? The SIPP investors bailed and that’s why Harlequin collapsed?

    More news paper Bob. More news paper.

  308. Anon

    @ Anonymous on March 11, 2015 at 7:07 pm
    You said,
    “Anonymous 6.25 aka RL.so I’m trying to understand this fully. Going back the hypothetical situation. An investor has a SIPP invested through Tailormade of let’s say £80k. RL gets the investor £50k redress back. Is the letter saying that the investor can claim the other £30k from Tailormade? ”

    Yes RL have stated that the FSCS have agreed that the investor can pursue the agent for the balance as long as the investor declares the full amount obtained from the agent and as long as a double payment is not made in respect of the claim made by the investor to the FSCS, any overlap on payments to the investor will have to be repaid to the FSCS.

  309. Pointless comments

    Some of us are trying to understand the picture here. Your very stupid comments about “Bob” are pointless and irrelevant. If you have nothing constructive to add then please naff off.

  310. Anonymous

    Ok so the investor then gets £30k compo from Tailormade. Who then owns the contract?

  311. Anon

    The Wilkins Kennedy Claim.

    The claim against Wilkins Kennedy is in essence a claim made in fraud.

    However Wilkins Kennedys insurers like most others would have a clause whereby fraudulent acts or acts of deciet on behalf of the company or its employees would not be covered by the insurers.

    Wilkins Kennedys insurers solicitors are still defending the case and have not come off record, which suggests that from the information they have they are confident that no fraudulent or deceitful act has been comitted which knocks out the bulk of Ames’ claims.

    If however it is proved that Wilkins Kennedy did act in a fraudulent or deceitful manner then the insurers will not have to pay, as this will be a breach of the terms of the insurance, if and it is a very remote if, but if Ames were to win his case using his current statement of claim, then all it will do is to put Wilkins Kennedy as a firm into insolvency and liquidation, with little or none of the much talked about c $ 70 million USD ever being seen.

    These are the hard facts. Furthermore should a Judgment be given sometime late 2016, and if one or other side looses, you will then have an appeal, which of course means the whole sorry mess will rumble on to 2018 and beyond. Anyone holding out for a share of the ” Wilkins Kennedy”

  312. Anonymous

    No Bob, calling SIPP investors selfish and not caring about the other 2500 direct investors is stupid and pointless.

  313. Anonymous

    In that case the WK insurers will back out. It was obvious fraud was carried out by WK employees. Jobs a good un!

  314. Anon

    @ Anonymous 7.34 pm, the contract rests with the FSCS. Gareth however has got permission from them to allow you make a claim from the agent who sold you the property to obtain from the agent the difference between what the FSCS has paid you and the money outstanding from the agent.

    The FSCS will pursue Harlequin directly for the £ 50 k they have paid you as they will be the primary contract holder.

    The agent may very well pursue Harlequin for any monies you may claim off the agent, there is absolutely nothing to stop the agent doing this.

  315. Anonymous

    Why would the contract rest with the FSCS? If the agent pays out £30k why should the agent not have a claim to the contract?

  316. Anon

    @ Anonymous 7.47 pm, it might appear to you that fraud has been comitted but it certainly has not appeared to the legal team who filed the Wilkins Kennedy defence and who are instructed and employed by Wilkins Kennedys insurers and NOT by Wilkins Kennedy, and to reiterate, if fraud has been comitted the insurers will not pay out, so investors will really not be better off, so one has to wonder why Ames has spent nearly £ 10 million quid on the case so far, £ 10 million quid of investors money.

    This is all being done in an attempt to keep Ames out of the clutches of the SFO and the Prison Authorites. Just think about it for a minute.

    If investors join the trust and Ames looses his case against Wilkins Kennedy, they will come after the Two Plaintiff companies for their costs, Harlequin Property SVG Ltd and Harlequin Hotels and Resorts Ltd, and these costs will be some £ 6-10 million, what’s the bet that Ames will turn to his trustees to get bailed out?
    And what if the builder wins his appeal, again Harlequin Property SVG Ltd and Harlequin Hotels and Resorts will owe him some £ 3 million, what’s the bet that Dave Ames will once again look to the trustees for this cash, because as sure as hell he will claim he does not have it, and the same applies to the 140 or so pending cases in SVG.

    But Ames never considers that he will loose a case, or at least that’s what he wants investors to think.

  317. Anon

    Anonymous on March 11, 2015 at 7:57 pm
    “Why would the contract rest with the FSCS? If the agent pays out £30k why should the agent not have a claim to the contract?”

    Ok the FSCS have stated that they will pay £ 50 k in redress but only if the investor novates the entire contract to the FSCS.

    The investor must decide whether it’s in their best interest to do this, but if they do they agree to novate the contract over to the FSCS,

    What they are allowing you to do is to seek the balance owing from the agent, the agent may well pay you the balance and once the FSCS is happy that this has happened they will reduce the amount owing on the contract accordingly,

    Let’s for arguments sake say that the agent was willing to give you all your money back or indeed the balance of the money not paid by the FSCS to you and the balance paid by the FSCS to the FSCS + costs, then the agent would get the contract from the FSCS and would then be free to pursue Ames directly as they now are the contract holders. In essence the Agent would have purchased the contract from the FSCS.

    But until the full amount of the contract + costs is paid the FSCS will not release the contract.

  318. Anon

    Note I inserted loose in place of lose, now let’s see if Mr. Ames will pick up on this, he then might understand the issues he has with the WK case.

    Dave Man if some are to be believed is behind all these posts and has used loose in place of lose in the past, but I am not Dave Man.

    I use an Apple I Pad and the spell checker automatically inserts loose in place of lose.

  319. Anonymous

    Firstly DA has insurance against a loss. That has been established. Secondly WK insurers have stated in their opinion one claim (cannot remember which one) should be struck out. They cannot have it both ways. And where does the £10m spent so far come from. Don’t forget the WK case is NWNF. It’s all hypothetical, it will never get to court.

  320. Anonymous

    Anon, it’s easy to spot the DM posts on here.

  321. Anon

    @ Anonymous March 11, 2015 at 8:18 pm

    You say;
    Firstly DA has insurance against a loss. That has been established.

    Established by whom?

    Dave Ames produced a proposal but has never produced any effective insurance documents. It is for reference called ATE ( After Event Insurance ). It is based on the statement of claim and defence responses.

    In Ames’ case his companies Statement of Claim contain a number of deliberatly false statements, when an AEI insurer discovers this they would either increase the premium or take the plaintiff off cover.

    Evidence of the deliberate false statements has been given to Kennedys, the insurers solicitors, and they will keep any potential ATE insurer for Ames abreast of these false statements.

    Secondly WK insurers have stated in their opinion one claim (cannot remember which one) should be struck out.

    WK insurers lawyers have stated that the claim by Harlequin Hotels and Resorts should be struck out as WK claim they never acted for them. This is a procedural issue and has little to do with the main thrust of the case.

    They cannot have it both ways.

    No idea what you mean by they cannot have it both ways, you appear to have no understanding of how litigation works.

    And where does the £10m spent so far come from.

    The £ 6 million spent on the case to June 2013, QC fees, in house legal costs, court costs to date have all mounted up. The day long case management hearing cost each side in excess of £ 100 k.

    Don’t forget the WK case is NWNF.

    There is absolutely no evidence that the WK case is no win no fee.

    It’s all hypothetical, it will never get to court.

    Ames truly hopes this is the case, but given the seriousness of the allegations made by Ames and his statements that he will win the case, I find it odd that Mr. Ames is now seeking arbitration in the matter. He is the agrieved party is he not, and the arbitration will be covered by an NDA therefore if one was entered into, investors would never know how much money had crossed hands, now would they?

  322. bob 's such a stupid old duffer

    More incompetence regarding the GV business acumen being discovered on a daily basis. All irrelvant albeit interesting.

    Only Bob Le nob thinks Dave is a star – sad really.

  323. Anonymous

    WK insurers cannot try and have the claim by HH&R struck out, then should they win the case (lol) claim against a company they want to have struck out. They would only be able to do that if the claim by HH&R was kept in and DA lost. I don’t have to know how litigation works to understand that.

  324. Paddy and his reputation

    Better to be stupid, than be a big fat, bald, thick Paddy – who has been found guild of fraudulent misrepresentation in court, by a judge.

    Had any decent contracts Paddykins with such a bad reputation?

  325. PGM

    1. RL instructed to obtain redress.
    2. RL do this No Win No Fee
    3. RL are cashflowing the file until it concludes

    RL are not a charity. They are a hard nosed business. So far they have called almost everything right.

    Yes, they lost on jurisdiction to Harlequin. So what, they tried. If they had won, it would have been over now.

    RL are not interested in Harlequin, just redress. Nothing more.

  326. SIPP-ing

    That about sums it up PGM

  327. Anon

    @ Anonymous March 11, 2015 at 9:20 pm

    “WK insurers cannot try and have the claim by HH&R struck out, then should they win the case (lol) claim against a company they want to have struck out. They would only be able to do that if the claim by HH&R was kept in and DA lost. I don’t have to know how litigation works to understand that.”

    You have no idea how this works, if WK’s insurers lawyers Kennedys succeed in having Harlequin Hotels and Resorts removed as a plaintiff, then the court will have agreed that Harlequin Hotels and Resorts did not have a valid claim, and costs will be awarded to Kennedys for that element of the case, and unless the costs are stayed Kennedys will pursue Ames for those costs, conversely if the court throws out the strike out application, and should Wilkins Kennedy’s insurers win the main case, then they will pursue both HPSVG and HH&R. But Ames will appeal the judgment in this case, as will WK’s insurers lawyers.

    Your LOL comment is a bit childish, given that Ames has failed abjectly to provide even 2.5 % of what he was contracted to do. The claim against Wilkins Kennedy is only for c 10% of the monies invested by investors.

  328. Festive Board

    The “tit for tat” between Harlequin and Mr O’Halloran shows why redress is the only real option.

    I was unsure until about a month ago. At that point the lack of anything substantive from Harlequin changed my mind.

    I have my FSCS form and I will send it in. I will be using RL because they offered this back in mid 2013.

    I am not bothered about the 15% as it means I do not have to run the risk of doing it myself.

    I feel very sad for direct investors because they are without options. I spoke to RL Manchester and got the feeling they were simply going through the motions.

    All very sad because I would have preferred my place in paradise.

  329. Anon

    @ Paddy and his reputation March 11, 2015 at 9:23 pm

    “Better to be stupid, than be a big fat, bald, thick Paddy – who has been found guild of fraudulent misrepresentation in court, by a judge.

    Had any decent contracts Paddykins with such a bad reputation?”

    What a stupid comment, has it not dawned on you that should the builder be successful in business, then of course if The Builder were to loose the appeal, the builder would then be in a position to pay the judgment amount and the adverse court costs which Ames could then plough back into the business building more units for his investors, but this is not about investors, this is about vengeance and the discrediting of witnesses, in other words all this litigation is about trying to save Dave Ames’ hide from HMP.

    And it has to be restated that a number of findings of fraudulent misrepresentation have been found against Ames and his wife in SVG, is this why Ames is now insolvent ? Of course Richard ( Hiding the Dubaii Money Spector has stated categorically that the judgments in SVG against Ames his wife and companies have no standing as they are being appealled ).

    And no I’m not Dave Man, Mr. Newman, the Builder, Mrs. Broughton or some of the many others Ames would like to blame for his inability to deliver what he was obligated to do.

  330. Anonymous

    @Anon 9.46 my lol comment is a bit childish. Get over yourself you muppet. You obviously take yourself far too seriously. Lighten up. I think your comment about my comment being childish, is childish. When has $70 been 10% of £400m? Yes you definitely a legal person, pompous without a doubt.

  331. Anonymous

    Anon, 9.57 your comment “Richerd ( hiding the Dubai Money ) Spector, is very childish isn’t it. Try and keep on topic.

  332. Anon

    @ Festive Board, you are correct, this has always been a battle between the ICE Group, Wilkins Kennedy and others against Ames, it never had anything to do with investors or their needs.

    The stuff going on in the background has nothing to do with investors, ICE group are working with WK on their defence, Ames has tried every trick in the book to dissuade Kennedys from dealing with the ICE group, even going as far as to offer certain individuals a quarter of a million pounds, for material Ames would have had in any event had he not deleted it.

    Ames has spent a fortune in an attempt to discredit witnesses for the SFO, wasting hundreds of thousands on actions on the U.S. which he subsequently dropped. Ames is playing for his Liberty and Freedom.

    Ames’ associates made very real death threats against ICE Group management and senior Wilkins Kennedy staff, along with others.

    This has become a very dirty business, all because Ames was advised in early 2010 to return to the UK and commence an orderly wind down of his businesses, which he refused to do.

    Ames needed a scape goat, but has never explained why he could not account for in excess of £ 50 million.

    Ames has stashed money all over the place, using people like Senka Besirivic to launder the money for him, why would Ames give interest free loans to these people as far back as 2008, to allow them to purchase properties in places like Dubai and Thailand.

    This has never been about the needs of investors, it has been about the need to keep the lid on the corrupt little enterprise Ames was operating.

  333. Anonymous

    Yes we always know when Dave Man is posting.

  334. Anon

    @ Anonymous March 11, 2015 at 9:58 pm
    “@Anon 9.46 my lol comment is a bit childish. Get over yourself you muppet. You obviously take yourself far too seriously. Lighten up. I think your comment about my comment being childish, is childish. When has $70 been 10% of £400m? Yes you definitely a legal person, pompous without a doubt.”

    The total taken by Ames in deposits is closer to £ 470 million, should you care to anaylise the accounts for HMSSE to 2012 or should you have been privy to court evidence adduced by Ames in the various legal actions, and the claim against WK is for c $ 70 million USD which is about £ 47 million. 10%.

    I do take this very seriously given the massive monies Ames has taken from investors and in some cases laundered.

  335. Anon

    @ Anonymous 10.01 pm, no I do not find it childish, Ames is claiming he has no money and is asking investors to commit £ 20,000 each to the BLU Hotel for example, yet Ames through a third party sold two properties in Dubai recently, properties held in the name of a Senka Beserivic for £ 360 k. Ames only sold these in an attempt to settle up with some investors who had the guts to pursue him all the way in SVG.

    Why did Ames not sell these personal assets to pay back what his family owed Shipleys, why only do it when a gun was put to his head, and Richard Spector knew about this.

    Do you think it is right that Dave Ames took investor deposits in 2008 and used the money to purchase property in Dubai, and why purchase the property in someone else’s name?

    Pure disgusting, that’s why I don’t find any of this funny, not one bit funny.

  336. Anonymous

    No Davy boy you would not find it funny. Of course you can prove the Dubai accusation and the pussy woman? No we have been down this road before haven’t we. Your earlier posts were quite interesting but you have slipped back into the same old rhetoric. Not interested now at all.

  337. Anonymous

    There have been some excellent points made again this evening, and yes I have wondered why Ames and his supporters choose to try and destroy the business of those they are embroiled in litigation against rather then wait till the conclusion of the cases and thus recoup the awards and costs.

    Neither ICE group nor Wilkins Kennedy ever appear to engage in the triumphant chest beating that Ames and Co engage in on an almost constant basis despite none of the cases having been concluded.

    This point was lost on Anonymous on March 11, 2015 at 10:01 pm when his response to the issue as to why Ames and Co engage in business bashing was the following,

    “Anon, 9.57 your comment “Richerd ( hiding the Dubai Money ) Spector, is very childish isn’t it. Try and keep on topic.”

    The general theme and topic of all the threads is where is the money gone that was paid to build the resorts or where is the money to repay the investors, I agree Ames’ actions have nothing to do with protecting the interests of investors.

  338. Anon

    No I’m not Davy and yes as a matter of fact I do have all the proof, ask Dave Ames who tipped off Shipleys, The SFO and HMRC. He appears to know everything and everyone. Why did Dave Ames feel the need to have Shipleys copied in on correspondence on the matter? Perhaps Shipleys copied me in, but you have no clue who I am now have you? Nope no idea.

  339. Anon

    Perhaps I have connections in Davidsons the Dubai Lawyers, or Allsopps the Agents, who knows, but yes I have all the proof, I have the proof on this and a hell of a lot more.

  340. Anonymous

    Lol ha ha ha looks like someone breached the Tommy order lol ha ha muppet

  341. Anon

    Yup anonymous for once you are bang on, Ames breached the order by including Anthony Davidson and Grant Meadows in correspondence relating to the settlement with Ray Caldwell. But who cares about NDA’s drafted under SVG law, how much will it cost to go to SVG to argue the point.

    My guess is that Ames will accuse Mr. Ray Caldwell of breaching the NDA which will give Ames the excuse not to give him the money. But it was Ames who breached the NDA by copying in Shipleys.

    But please take a bow my friend, this is probably the first time you have stated the truth.

    The amount being sent to Dave Ames’ solicitors in the UK was AED 1,373,250.58. I somehow doubt Mr. Caldwell will see this now.

    For the avoidance of doubt a further AED 510,000.73 was forwarded to Ms. Senka Besirevics account.

  342. Harlequin Scum get investors to engage in Mortgage Fraud

    Harlequin Scum get investors to engage in mortgage fraud.

    RL should be advising investors to report this to the police and SFO.

    From the RL Forum;
    Rebena
    Hello Matthew
    Smooth talking rep at Harlequin and a broker for First plus gave me the same persuasion. The call was set up with First Plus via the broker with whom I gave the information to. ‘Home Improvements’ is stated on the data file. One solicitor has advised it is my word against theirs. Mortgage Claims Bureau advised that if they can demonstrate that several people have done this, about the same time of the Harlequin Sale, then they may have a case. Its no win no fee but would like to know if anyone else has had any success in this as RL has also advised that redress would be difficult.
    For a direct investor that is struggling to pay the monthly payments ( am on maternity leave, two young kids) I rue day I agreed to this.

    Matthew james said:
    Can you please expand on that. I was persuaded to put home improvements on my remortgage applications for funds to purchase at St Lucia. I have spoken to the Manchester office and were told redress would be very unlikely. I feel the harlequin trust is my only option altho very frustrating watching R legal telling everyone that redress is the only option.
    I’m sure there are other investors who are in my position.

    Harlequin scum and The Anes family sue those who they say were engaged in wrong doing, having to lie to win their cases, yet the same scum were pushing investors into engaging in mortgage fraud just to get their cash.

    The Ames fanily and those within Harlequin are nothing more then scum.

  343. I just don't get it

    Why is it that everyone who comes into contact with Ames ends up in deep crap, the latest victims being ELS. They could lose their licence to practise over this.

  344. Freedom

    Ames he hated by the people of SVG and by the workers. Its time he gone brothers. Time he gone for good.

  345. Redress

    To those who can get redress, go get it. To everyone else sorry but just let it go. Let the police have the Ames family. Vinnie Stenning, Dan Dalligan, Kathrine Wooler, Simon Terry, Andy Regan, Dan Abrams etc.

  346. Entered Apprentice

    Seems like cash investors / finance are upset at the fact SIPP investors will be paid out. They have never had much hope of seeing their money again, very few will go after the agents.

    I believe, most have committed mortgage fraud ( unwittingly) understandably, they are furious and looking for someone to blame.

    No point blaming RL, what do you expect them to do?

    Why not take some group action against the broker & do something constructive instead of bemoaning about things?

  347. Freezing order

    Have the CLC bunch been paid yet😉 now that’s what you call a waste of money.

  348. Anonymous

    According to Ames and his lawyers the CLC group abandoned the case.

    According to other sources the CLC Group kept up their side of the bargain even dropping actions in SVG as part of a settlement only to be given the proverbial two fingers by Ames subsequent to this.

    And of course there are those charges over the Ames personal properties held by CLC nominees.

    Also there are rumours that the Dubai money

  349. Dick fed more crap from little legs

    @Anonymous
    March 12, 2015 at 10:51 am

    That could only be Dyslexic Dick. I did hear EB had nothing to pay.

    If I were RL, I would be overjoyed at paying a few quid, especially as they will make millions – Thanks to Little Legs.

    Dick, sometimes in life you do something called a loss leader. You know, lose something to make much, much more.

  350. SIPP-ing

    Ah I get it- like Harlequeen are about to lose their leader

  351. Dick fed more crap from little legs

    No doubt about that!

  352. Is Ames a LIAR?

    I would like to know about the following lies:-

    The FSCS supporting the Trust?
    The banking error?
    The Hotel chain that want’s to work with you?
    The DD report strewn with errors?
    The SFO not investigating you?
    The build plan?
    The finance?

    David, could this be you are a compulsive LIAR?

  353. Tracing

    Harlequin has been discussed at the highest levels in the Government, why do you think the FSCS rolled over, they have been told to do so.

  354. SIPP-ing

    How do you know this? Any evidence? Would be nice but so much crap flying about statements like this need substantiating

  355. SIPP-ing

    Who’s dick? Is he another delusional like tall storey who thinks he’s been looked after?

  356. Anonymous

    Shipleys may not be interested in pursuing the Harlequin debt,

    http: //m.accountancyage.com/aa/news/2399342/leonard-curtis-picks-up-shipleys-corporate-recovery-practice?utm_term=&utm_content=Leonard%20Curtis%20picks%20up%20Shipleys%E2%80%99%20corporate%20recovery%20practice&utm_campaign=AA.Daily_RL.EU.A.U&utm_medium=Email&utm_source=AA.DCM.Editors_ Updates

    Especially when they have just sold the WIP ( Work in Progress ) to Leonard Curtis, who’s sole speciality is insolvency,

    Brown stain time over at the Basildon HQ I guess.

  357. SIPP-ing

    The likes of Shipleys may look at the debt- asses if it- or the easy bits will cover their fees, collect and run once paid..

  358. SIPP-ing

    Aahhhh yes

  359. Ha ha ha

    Anonymous 5.15 pm, you are not very bright are you, Shipley’s knew there was no chance of recovering any money from Harlequin and have decided to cut their losses and run, they have just sold Leonard Curtis a pup, good move on Shipleys part.

    Leonard Curtis is a two bit firm with fewer staff then Shipleys, Shipleys probably paid them to get out of the Harlequin mess, they do local pubs and shops and would not have the money nor expertise to attempt to take on Harlequin, they have fewer then 100 staff, and have little or no real turnover.
    If I was Ames Id be very happy indeed today, given that another firm Shipleys has just walked away lol.

  360. Tracing

    @ Sipp-ing
    My MP told me, he lives next door & I have know him many years.

  361. A lesson in accounting needed

    Well if this is a two bit company, I want one.

    £1,155,721 Cash

    Net Worth £11,680,655

    Read more at: http://companycheck.co.uk/company/04200476/LEONARD-CURTIS-RECOVERY-LIMITED/company-summary#basic-information

  362. Anonymous

    Tracing shut up you p#$£k.

    Shipleys have just walked away, read it, a two bit firm with a few dozen employees has taken over. No one has proof that Dave Ames has done anything wrong,

  363. Tracing

    Did I say he had😉

    Net worth £11 million, two bit really!

  364. Two bit Shiplys

    £7 million net worth

  365. SIPP-ing

    Thank you tracing. Anonymous- I don’t think I’ve been openly rude to anyone here before but here goes. You are indeed a half witted obnoxious twaatttt. Why bring your personal problems here? Jus apologise to your mum , dad and neighbours- get out of your darkened room and try and make some friends with humans.

  366. Anonymous

    Their nett worth is £9.4m which is higher than that two bit accountancy company Wilkins Kennedy lol

  367. Anonymous

    One T Richard just one

  368. To be absolutely correct

    One tee Richard, just one.

  369. Gavel

    All very exciting.

    Get your redress and stop talking about irrelevant issues.

  370. Anonymous

    We have heard for nearly 2 years that the SFO were about to move, they didn’t, haven’t and won’t FACT.

    Shipley’s said they had no interest in chasing Mr. Ames or the family, why because to do so would have threatened all the investments. All OUR investments.

    RL have provided the FSCS with manifestly false information, Dave is currently engaging with the FSCS to correct the false information provided by RL.

    Dave has always wanted to protect the interests of his investors, that’s why he came up with the idea of the trust for ALL investors, RL were fully supportive of the trust from day one. However RL wanted their personal slice of the action, Dave acknowledged that they should recieve some monetary compensation for their efforts, but RL wanted to rape the investors, diluting their investments radically and this was something Dave could not and would not accept.

    RL also misinformed their clients, and as a result faced a serious SRA investigation which is still ongoing. More claims are expected to be made against RL in the near future.

    Dave spoke to a number of disenchanted investors over the last few days, and has lent his support to a potential class action against RL. He will discuss with ELS Legal a mechanism whereby they might act for investors in such an action.

    Dave has no issues with investors pursuing agents for having mis-sold properties and fully supports any and all investors who feel they were mis-sold a property by an independent agent.

    Dave will also consider the circumstances of all investors who are unable to complete on available properties, but it needs to be understood that Dave is owed in excess of £ 50 million from investors who are unable to complete on completed units, this is having a massive impact on the solvency of the companies, but Dave is reluctant to call in these debts as to do so would be used by his detractors as a weapon against him and Harlequin.

    But those investors who are unable to complete must understand that they are putting the investments of thousands of others at risk.

    Over on the RL forum Gareth Fatchett has no solution for the thousands of cash investors, there is a solution, that being to join the trust, where your assets and investment will be protected.

    RL know that if investors join the trust then it will be difficult for the FSCS to continue stating that Harlequin has failed or is insolvent. BCQS valued the assets of Buccament Bay in 2012 as being $ 250 Million U.S. The resort has grown significantly since this date, coupled with this Harlequin is owed a further in excess of £ 50 million. Or $ 80 million U.S.

    Harlequin is in a very strong position given the monies owed. Harlequin’s debts should investors join the trust will be minuscule compared to the money owing to the business.

    All Dave is asking is to give Harlequin 5 years to allow investors realise their dreams, the delays in completing the resorts are not something unknown or unheard of in this business, just look at the four seasons in Barbados or the Bacassa project, investors on those projects have been waiting in excess of 9 years for a return and unlike Harlequin those projects have been suspended Indefinetly.

    It is time that the incessant attacks stop, these are doing nothing to secure our investments.

    Don’t allow others through scare tactics destroy our investments.

  371. Anonymous

    Poor Dave, always the victim of scare tactics and he is so keen on making sure that investors get what they paid for…The Caribbean can`t get ahead without him…this guy is a genius.Just look at Merricks, H Hotel Barbados, Two Rivers in Dominican Republic and Marquis in St Lucia….

    And then, look at what it is really all about..a solid company where they put their money where their mouth is.
    http://www.sandals.com/main/barbados/bd-home/

  372. Passing

    Class action against RL. Oh dear, what fools some people are.

    If I were RL I would crank up the redress machine to the highest volume possible.

    Putting it simply, the only people who have seen a return on their Harlequin investment are those who have received redress.

    Direct investors are in the main moaning and looking for someone to blame. Anyone can moan. Taking action requires more commitment.

    I think RL did a great job getting the value to nil. They have allowed some investors to be financially stable again.

    What’s not to like ?

  373. The Grand Geomatrician

    It’s all about redress, no problem …..

  374. The Grand Geomatrician

    Please redress me, let me go ….

  375. The Grand Geomatrician

    Money’s too tight to mention ….

  376. Anonymous

    Lol now the builder is being accused of posting pro Harlequin posts, or was it Erica, or Wilkins Kennedy or Dave Man or Mr. Newman, lol.

    Sadly the new IP’s will call in the debt owed by Carol, Dan and Nicola, oh yes her too, so at least Dave won’t be the only member of the family bankrupt.

  377. Vinnie Stenning

    Looks like BFP is not the only place that Vinnie Stenning refers to individuals as “Mongs”. He likes to do it on his FB pages too,

    And just love his comments in one of his posts about an elderly couple who were scammed out of cash.

    Screen shots taken of course.

  378. Vinnie Stenning

    That will teach Vinnie Stenning not to Tazer former colleagues in the car park of Honywood Business Park, poor Ryan.😦

    To be fair to Vinnie, if his hero is Andy Townsend then that about sums him up. And this is a guy we can trust with cash hmmmmm

  379. New 5 Star Review

    “Lovely stay”
    10 Mar 2015

    Tony T (2 reviews)
    Greater London, United Kingdom
    Great place to stay lovely hotel. really friendly staff.
    We had 9 great days there. Wonderful food, great drinks. The 3 resturants were greta to eat at. Lying uder plam trees on the beach was magically. (if you can’t find a new one, try the older blue ones, as there are more comfortable. Try to visit Montrel gardens and the vermont trail. You will really enjoy this hotel. Enjoy. (Look out for the humming birds early in the morning.

    ” after all the talk about the tattered and worn sun beds, Ames could not help himself but say that the older ones were more comfortable, lol. These are really sad pathetic reviews. “

  380. New 5 Star Review

    And another bullshit review from someone who has travelled extensively yet only written 3 reviews.

    Just loved some of the little gems on this work of fiction.

    “The wifi was fast and in the main reliable. We were we able to obtain it most places on site within building areas or close by. Problems occurred normally due to the ISP provider which is outside the control of the resort, and these were very minimally.”

    Again any problems had nothing to do with Ames, cmon lol,

    “It is not often that my wife leaves a vacation with tears in her eyes but such was the experience these last ten days that she was reduced to tears.”

    Oh come on, please. Let’s lay it on thick and heavy here. Lol. I think your wife needs help, serious help.

    “Yes there have been several previous comments on minor issues, such as the lack of beds around the pool and on the beach, mainly brought about by selfish individuals who ‘bag’ their own personal spot early each morning and then hardly use the facilities all day. ”

    I think the problem is there are not enough Beds for the guests, it is afterall called the Buccament Bay Beach resort. Beach should give you a hint. But typical of Ames lol blame those nasty guests for wanting a sunbed at a beach resort all day.

    “A little attention to towels and the rugs being cleaned would enhance no end the overall ambience and quality. ”

    You have travelled extensively, how many 5 star hotels have dirty towels and rugs???!

    “Most enjoyable laidback quiet resort with friendly staff and ourtstanding food.”
    9 Mar 2015

    Colin M (3 reviews)
    Old Windsor, United Kingdom
    We have been very fortunate to have travelled extensively for many years owing to my wife’s work in BA Special Services. This resort has to be one of the best we have experienced. Our son came in 2011 and it lived up to everything he said it would. (Neil UK). We arrived at Saint Vincent airport at 11.30pm after an unscheduled diversion via St Lucia on Liat to be greeted by a very friendly, warm and competent resort representative who took care of our bags and transportation. A very affable and personable individual, we arrived at the resort at midnight to a warm welcome. No waiting around we were led straight to our villa and completed the formal registration the next day. All we had to do was leave our passports with them and produce our credit card the next day as guarantee against non inclusive extras. One of the speediest check in procedures we have experienced, so much so we were not sure if we had completed everything that was expected of us. In our room were a couple of wraps and cold drinks for weary travellers who may be in need of refreshments, a very nice touch, but we only wanted our bed.

    The jewel in the crown has to be the extensive and high quality menu offered in all restaurants, which would grace many restaurants in London, accompanied by the most wonderful, attentive and friendly staff. An extensive selection of top brand drinks and wine accompanied the menu. The villa was superb and the grounds very well maintained and beautiful. We took advantage of the tennis coaching and football match between staff / residents but the highlight for us was the two hours dancing lessons with Shon for Salsa and Bachata each morning. Shon and his fiancée, Charlotte the fitness instructor, epitomised the staff ethos and attitude, they were delightful. It is not often that my wife leaves a vacation with tears in her eyes but such was the experience these last ten days that she was reduced to tears. Yes there have been several previous comments on minor issues, such as the lack of beds around the pool and on the beach, mainly brought about by selfish individuals who ‘bag’ their own personal spot early each morning and then hardly use the facilities all day. If the hotel can sort this out and a few other niggles, then it would be 5*all inclusive resort not a 5* hotel. It has charm and tranquillity you find difficult to achieve in most popular resorts.

    The one bed villa with its own plunge pool was large and well equipped. We had no problem with the mini bars being stocked with water and cold soft drinks. As is always the case the odd repair is needed but nothing was shabby or dangerous. A little attention to towels and the rugs being cleaned would enhance no end the overall ambience and quality. However the daily cleaning of our villa was thorough and well accomplished. The wifi was fast and in the main reliable. We were we able to obtain it most places on site within building areas or close by. Problems occurred normally due to the ISP provider which is outside the control of the resort, and these were very minimally.

    A comprehensive daily programme to suit most people is published each week in a newsletter. We were given one on arrival and advised that it was published each Sunday and available in reception. There are limited excursions which one has to book in advance, as is normal, but found no issues in doing so. The only disappointment for some is the timing of their arrival and when these excursions are run, often once a week. The island is beautiful but under developed for tourist so do not expect too much in the way of offsite activity. Trips to Mustique and other islands are no more than a 2 hr boat ride and sitting on another beach. The complimentary sunset cruise is an excellent addition, and despite the weather not being kind to us, and outside the resorts control, we had a very enjoyable trip and saw 80-100 dolphins swimming around out boat at one stage.

  381. New 5 Star Review

    And of course there is no conflict of interest in the last review, even though his wife works for BA, I wonder how much they paid for their holiday given that BA sell holidays at BuccBay.

  382. Anonymous

    @ Anonymous March 12 10.38pm

    “Shipley’s said they had no interest in chasing Mr. Ames or the family, why because to do so would have threatened all the investments. All OUR investments.”

    I don’t think this was their stated reason now was it? If it was they would be failing in their duties to creditors.

    I think the actual story was something along the lines that the cost of recovery would be too high given the number of overseas jurisdictions over which the owed money was spread. We can only draw the conclusion that they knew the family well enough to know that they would not cooperate by simply paying back their debts when asked but instead fight to keep the money that was never rightfully theirs.

  383. Anonymous

    If the family gave a FF about all OUR investments they would put back all the money they siphoned out of the companies instead of living celebrity chav lifestyles around the world.

  384. tracing

    Ames has failed, the combined Government departments have seen to that.

  385. Installation

    Harlequin is dead, it can’t survive Government scrutiny, it’s over.

    Redress is the only way.

    I have one burning issue though, what car should I buy with my SIPP money?

    – Mercedes AMG C63, coupe or estate?
    – Audi RS 6

  386. SIPP-ing

    Anonymous
    March 12, 2015 at 10:38 pm
    We have heard for nearly 2 years that the SFO were about to move, they didn’t, haven’t and won’t FACT. FUNNY

    Terry Pratchett has passed on. Maybe his guy could take his place. Verbose and fantasy laden, unfortunately no talent.

  387. Sid

    @Installation, definitely the Mercedes AMG C63 coupe?

  388. SIPP-ing

    RL
    “Quite true Ames generated complaints. Also true we had to respond to them.
    Nothing has happened since”.
    I think on balance I’ll believe RL.

    Installation and Sid, your doing a great job winding up the pathetic pro Ames crew, but you upsetting the cash investors too! Maybe not so good eh!

  389. Installation

    I was just making a point that for some, there is light at the end of the tunnel, sadly cash investors have Ames’s gross incompetence to blame for having little chance of recovering their investment.

  390. What is this?

    All,

    It is certainly worth applying to the FSCS as they value Harlequin investments at “nil” in re-mortgage cases.

    We know there are some problems with “home improvement” cases. However, do not despair. If you have done this, you should be able to apply for redress.

    You will need to make a full disclosure to the FSCS and tell them that the forms were completed for you. This will the case in nearly all cases. It will help a great deal if the handwriting is not your own.

    Our Manchester office are dealing with these claims, please feel free to call them.

  391. SIPP-ing

    Good and professional advice. I suggest that those that can take it- do take it.

  392. Anonymous

    £42.5k for a AMG C63 coupe? What pile of crap that would be.

  393. A grip or token

    RL are on the ball, little legs must rue the day they got involved. He couldn’t shake them off.

    Now LL has to sue the Government.

  394. installation

    Now, now nasty Anonymous – what if two of us invested? £85k would get a very nice one.

    I may even have enough change to buy a ford fiesta like Dave.

  395. Ames to sue the FSCS????

    How do the FSCS know Harlequin is insolvent? This could have damaged the brand Harlequin.

  396. Anon

    I think ifa’s now have to disclose how much commission they will receive to a prospective investor before they go ahead and sign up to investments. Thank god I joined the RL forum and started to get real!

  397. Good old RL

    RL have done more than any other legal firm to sort out Harlequin. It’s sad for cash investors, however, all investments carry risk – RL can’t do anymore than they have done..

  398. Sid

    @SIPP-ing, I am one of the cash investors….probably one of the biggest too, but like I said the other day everyone who is in this mess only has themselves to look out for. I wouldn’t expect anyone with the chance of redress not to take it to help me out. I’m pleased that some people are managing to recover the money they thought they had kissed goodbye.

  399. Best of British to you Sid.

    Hello Sid, humane nature, as it is, people look after themselves. SIPP investors will go in a claim frenzy and that’s understandable.

    You seem like a jolly decent chap Sid.I wish you the best of luck.

    Sometimes things have a funny way of working out.

  400. Sid

    Thanks BoBtyS. i’m keeping everything crossed, but there’s not much else I can do now but sit and wait….which I’ve become pretty good at!

  401. SIPP-ing

    Good for you Sid. I made the mistake (yes MY mistake) of taking the advice of a trusted colleague (who invested heavily themselves) too lightly. Did do some pro DD but it was woefully inadequate. Did take too much notice of an IFA, lesson learned all around and I’ll invest more wisely next time- as in the past thankfully. So the best of luck to you and I did think their was a chance of a rescue one time, albeit not with Ames or anyone associated with him anywhere near it. I would still like to see something resurrected. It may not impossible- just a lot of barriers. A really forensic audit may be prudent once the crap is cleared out! Ps I’ll stick with an SLK soft top (it wont be kept in the rainy UK) – or even an EOS now I’m being sensible. Good luck Sid.

  402. Anonymous

    Em SIPP-ing, not posting under multiple IDs are we? Is Installation your posting also?

  403. SIPP-ing

    NO! why old bean. Have no idea who Installation is either. Can’t prove it but believe you me its as true I’m not as Ames isn’t.

  404. SIPP-ing

    Ah I see- he has some similar views as me but not the same taste in cars I assure you. For £40k- £60 K I’d go for a classic Aston soft top.

  405. SIPP-ing

    Aston Martin Vantage 4.3 2dr
    £44,990
    Exceptional Example
    Trade seller, distance:
    2007 (07 reg) Convertible 34,000 miles Semi-Automatic 4.3L Petrol
    BLACK, 2 seats, …VERY RARE CHANCE TO AQUIRE A HIGH SPEC EXTREMELY LOW MILEAGE ASTON MARTIN VANTAGE, DESIRABLE SPORT SHIFT MODEL, PRESENTED IN THE THE FINEST COLOUR SPECIAL ORDER …
    Here’s one in the middle😉

  406. installation

    @ SIPP -ing

    A nice car, but no (proper) seats in the back…..

    These two are almost understated but very quick ( with 4 doors) That’s the dilemma. What to buy that’s fun & practical?

    Got it! A fiesta like Ames?

  407. saintgeorgesdragon

    If you have money in a SIPP, there are rules about what you can and can’t do with it.
    If the FSCS pays out, do you have to put the money back into a SIPP?
    Sorry to potentially pour water on the idea of the car purchase.

  408. Anonymous

    Anyway you will only get £42500 max back. Leaves you £2400 light plus insurance and old Astons are very unreliable. Bad choice IMO

  409. Attacks of the incidious

    I am buying an Aston Martin Rapide S with my money.

    I am also buying a £1.5m house as well.

    Ask me how I can do that ?

  410. Attacks of the incidious

    Without putting too finer point on it, I am as pleased as punch with the redress option.

  411. Anonymous

    You must be Fatchett!!

  412. Anonymous

    Oh dear SIPP-ing “sport shift model” These an Americanism if I ever saw one. No wonder you didn’t put the distance from the add. About 3000 miles at a guess. Lol

  413. Attacks of the incidious

    GF could buy a Roller with the redress money. Guess again !

  414. Topgear top tip

    @SGD
    I think if you’re over 55 you can take your cash – no tax. If under 55 I believe you can pay some tax and buy your car.

  415. Substituted Secrets

    Maybe why RL and Ames have fallen out ?

    GF is a mason, Paul Walton is a mason, Jim Baker is a mason, Simon Terry is a mason. Surely they could have squared things away ?

  416. Masons?

    I feel in a state of darkness over all this. Maybe the FSCS senior management are Masons and have agreed a special process?

  417. Anon ( RL say DO NOT join the trust.)

    All,

    2015 or 2020 ?

    Since outset we have wanted a solution which investors could live with. The other side of the bargain is that a tangible end product (a property) would have to be built by Harlequin. We could not recommend the security package offered to the trust following advice from overseas lawyers and senior barristers. It would have been irresponsible of us to recommend something with so many flaws.

    Now that formal redress options have opened up for SIPP / Re-Mortgage investors, they should be explored. Not as a parallel option to the trust, but as the sole option.

    This week marked a changing point in the calls we are taking. The numbers have increased and the overall message is clear. People are fed up with the whole Harlequin saga. They want an out which suits their own position. In the end, self interest always wins out. The collective desire to seek a solution appears to have evaporated.

    The notes of the meeting between Harlequin & Heritage SIPP paint a building plan with 2020 as the target. 2020 is a huge amount of time away. Our redress project is going to be majority dealt with by the end of 2015. Yes, there will be some cases into 2016, but by the time our last case finishes, there will still be another 4 years to go to Harlequin’s build date for the majority of their projects.

    We do not see how Harlequin could be unhappy with any investor who was not prepared to wait until 2020. 5 years is after all, a long time away. For some investors without redress options, they have little alternative but to consider the Harlequin Trust offer. We cannot responsibly recommend it. However, when you have only one option, we can understand why you would consider it.

    For our part, we are well into dealing with the redress claims and returning money to investors. This (sadly) is what investors want, as many simply do not believe that Harlequin will ever fully deliver.

    Our staff are ready to discuss your options. Please call us.

    SIPP – Brierley Hill office
    Re-Mortgage / Direct – Manchester office
    Regulatory Legal Solicitors

    Visit Harlequin Investor Group at: http://harlequininvestorgroup.co.uk/?xg_source=msg_mes_network

    To control which emails you receive on Harlequin Investor Group, click here

  418. Richard Terry

    No, they said, they couldn’t recommend it.

    Join if you want. Your risk etc.

  419. Rebrand

    People are getting paid. That’s a fact.

  420. Anon ( RL say DO NOT join the trust.)

    Ok they don’t recommend it, they did not have to say anything but they did, they recommend you do not join.

  421. The Plumb Rule

    You have to laugh. It appears Harlequin tried to muscle out the FSCS due to the “insolvent” status.

    That’s not the brightest of move. Having a go at the Govt.

  422. Leonard Curtis

    Looks like Leonard Curtis might just go after Carol, Dan and Nicola personally,

    Looks Dan Ames in laws are not impressed. No point in waiting for 2020 Ames won’t be around, neither will Carol or Dan………

    And Nicola won’t be coming home in a hurry.

  423. What a plonker

    Only a cock would join the trust, Ames is a failure and about to become bankrupt a third time!

    That takes some degree of incompetence 😉

  424. Cable tow

    David Cameron is spearheading the Harlequin project blue book.

  425. Leonard Cohen

    WARNING

    Very shortly, the trolls will be on to clog the discussion with nonsense.

    Where is the “long poster” when we need them ?

  426. Leonard Cohen

    Where’s Phil Spencer when you need him ?

  427. Anon

    Richard Spector, mmmm yes, this will be one individual who along with Daniel Abrams and Andy Regan will need to contemplate life after being a solicitor. Daniel Abrams will be able to tell his kid how he was involved in one of the biggest frauds in UK history. And how he became a stay at home Dad as a result, if he is lucky. Regan won’t get that option, neither will Wooler, Kim Fry better not have pressed the delete button, David Geddes, would want to be very careful what he does with those server logs. Simon John Terry will also be wondering what to do with his time, yeah he got out, but not in time, best he can do is bury Ames finally.

  428. Leonard Cohen

    I don’t agree. RS has just done his job protecting his client.

  429. Anonymous

    “Kim Fry”? Keep up you fool. As Leonard Cohen said the trolls will be on soon with their crap. On time Non turns up.

  430. Anonymous

    *Anon turns up

  431. Bob the cashless investor

    shut up Bob is your box of wine empty? Drunken old lush

  432. Lily Savage

    That FSCS shot certainly rattled Ames.

    More to come on that front.

  433. Anon

    Richard Spector is not as clean as you think.

  434. Porch way

    Is David Cameron a Mason ?

  435. Anonymous

    Yes Lily, more to come. But not what you think lol

  436. Anonymous

    The Leonard Curtis move has also pissed Ames off.

  437. Anonymous

    A little hint, someone left a disk on a train and that was full of juicy info. The SFO can kiss their case goodbye, it’s amazing what some of their key witnesses were up to. Naughty boy Davy lol.

  438. Anonymous

    Keep selling those concrete blocks Davy boy?

  439. Anonymous

    Jezza and the Builder got rightly stuffed by their “New” mates. Lol, their “New” mates lol. I heard it was like taking a sweet from a child lol.

    And they thought they were helping investors awwwwwwwwww, how sad lol, how funny they ended up helping Dave lol. They won’t be welcome at WK’s office again in a hurry lol.

    And Dave Man lol, ha ha, guess he won’t be a witness now lol.

    Bunch of idiots.

  440. Weird

    Dave Ames got a load of emails which Dave Man left on a train, Dave Ames then threathened Dave Man with defamation. Dave Man was a witness for the SFO. But Dave Ames has now discredited him………,…………………

    SO WHAT. ????????

    Jarlequin is insolvent

  441. Anonymous

    @Weird. I wouldn’t be so sure about that one lol

  442. Lily Savage

    It seems to me that DA would be wise to work with the FSCS to seek a solution for investors.

    As for witnesses, well done DA. A master plan.

  443. Weird

    Anonymous are you saying Harlequin is not insolvent ?

  444. Anonymous

    I suggest you read the new HP update. The anti HP thugs will now look very stupid. I will not paraphrase from it but read and learn. HP insolvent my arse. Haha lol

  445. Anonymous

    I wonder what Saint Gobriela will have to say about this?

  446. Operation Blue book

    Ames has real problem now.

    Yes. There are 350,000 freemasons in Britain. If you get to the 33rd degree like Tony Blair, Gordon Brown or David Cameron you are then in the running to be a Bilderberger.

    Bilderbergers are a higher, international, more exclusive level of freemasonry, only 140 strong, and their agenda is to build the EU dictatorship. Every Prime Minister since Edward Heath has been a Bilderberger, and they have controlled the leadership of the Conservative party since the late 1960’s.

    The Rothschilds and the Queen are members of the top two levels; and our German Royal Family (real name Saxe-Coburg Gotha; Windsor is an adopted name) has always been head of freemasonry.

    Nearly all British judges and Law Lords are Freemasons; so are most barristers, which is why miscarriages of justice are the norm in our now utterly corrupt British Courts.

    Judges and Freemasonry barristers usually decide the outcome of a case to suit their own agenda beforehand. That agenda is often implementing the Frankfurt School subversion technique of “trauma through injustice,” particularly in our now secret family courts, where they snatch 4,500 children annually from good parents for forced adoption. The Daily Mail covers a tiny number of those cases.

    Our corrupt freemasonry Law Lords refuse to rule the EU wholly illegal under our British constitution, which it is. They lead the pretence our written British constitution is unwritten, to render it worthless.

    Current Conservative Bilderbergers include Francis Maude and Ken Clarke, apparently a DVD agent too; David Cameron, William Hague, George Osborne. Lib Dems: Nick Clegg. Labour: Ed Balls, David Millliband (DVD too), Peter Mandleson, John Sainsbury, Philip Gould; Tony Blair and Gordon Brown. These evil men are deliberately destroying us every day.

    Newspapers are censored for legal reasons by freemasonry lawyers or Common Purpose members; and the BBC has 400 Common Purpose staff censoring out anti-EU news, which is why they didn’t report that Westminster gave up the last 20% of its power in January 2009, and now only exists to help the press conceal what has happened, until the EU dictatorship has consolidated its power.

  447. Anonymous

    Let’s have a little taster “the FSCS does not regard Harlequin as insolvent” Oops weren’t ready for that one were you.

  448. Anonymous

    Given that we can’t see the latest update it will be hard to comment on it.

    But lol are you saying that Dave Ames is now saying that the FSCS have said Harlequin is not insolvent, ok whatever, this is the same Dave Ames who said the FSCS stated investors had to join the trust.

  449. On reflection

    Who cares, redress is being paid.

    The use of words by the FSCS was unfortunate. However, how does this improve Harlequin’s lot one bit ?

    Still planning 2020 minimum and are barely profitable. FSCS says they aren’t insolvent but used the “I” word by accident.

    To be fair, the use of the word was sloppy. They had to move back a little.

    Wont change the SIPP playing field.

  450. Anonymous

    After the last HP update a week ago it was stated on here that the anti HP thugs were jumping the gun regarding insolvency, nil value regarding contracts, the fact that the FSCS had not conducted a DD. But of course the “experts” were making statements such as ” you don’t know how the FSCS works” etc etc. Well the trolls will be chocking on their “knowledge” now won’t they.

  451. Anonymous

    Can Ames / Harlequin pay their debts as they become due ?

    The answer is no.

    James Albert Baker stated that the Harlequin companies had assets which were in all cases less then the liabilities.

    Has Dave Ames provided the FSCS with audited accounts for all his companies ?

    What about all those who invested in Brazil, that company has no assets, yet has liabilities.

    What about the inter company debts?

    So please Id like to see Ames explain how the hell his companies are not insolvent.

    The FSCS said Harlequin was insolvent, if they got it wrong, then Ames can sue the FSCS.

  452. Please

    Can someone put up the latest update please ?

  453. Anonymous

    Ames is crowing again, FSCS admit they got it wrong, more damages cases coming up, target for completion of the resorts 2020. SFO investigation dealt a blow, usual suspects behind the attacks. Trust is only option Blah blah blah .

    Nothing new then. Although Ames I suppose could pursue the FSCS now that they are back-pedalling.

  454. Anonymous

    Despite the latest update from Ames / Harlequin RL are still confident that the FSCS are maintaining their stance that the contracts are worth £ 0.00.

    The issue of whether the companies are insolvent or not is a relatively simple one to determine.

    Tests to determine whether your company is insolvent:

    The cash-flow test: are your company’s current debts, or future debts, unable to be paid as they fall due?

    The balance sheet test: is the value of your company’s assets less than the amount of its liabilities, taking into account the present uncertain circumstances and future liabilities?

    Cash Flow Test;

    Given the number of contracts now in default, there currently is not enough cash to cover payments due on the contracts, this includes the section in the contracts whereby investors are entitled to compensation or refunds should Ames / Harlequin be unable to fullfill its contractual obligations.

    Balance Sheet Test;

    According to an affidavit by James Albert Baker the assets of the various Ames / Harlequin companies was less than the amount of liabilities thus they would fail the test. James Baker based his calculations on information provided to him by Ames / Harlequin.

    Ames will claim that the balance sheet should reflect the monies owed, the £ 48 million owed by investors for completions, but this in itself does not alter the insolvency issue.

    £109 million in cash was spent on Buccbay

  455. Anonymous

    Hypothetically therefore £ 218 million would have had to have been paid by investors in Buccament Bay by way of 30% deposits just to cover the construction work to date if Bucc Bay was self funding, but if you read below we have unearthed some rather startling evidence to suggest that the 30% deposits paid at Buccament Bay were £ 237 million.

    Ames claims that Buccament Bay was valued at some £ 150 million in 2011.

    However the Valuation carried out in 2011 was not a valuation of the resort but a GDV valuation (Gross Devlopment Valuation) based it appears on the sales prices of the units on the date the valuation was carried out.

    The GDV valuation is far higher then the valuations arrived at through the various Red Book valuations Ames / Harlequin had commissioned.

    In other words the Valuation of £ 150 million was based soley on the sales price of units in 2011. Or on the prices as per the contracts.

    Ames claims that some 150 units are now complete and that some £ 48 million is owed in completion monies on these units, this gives us a GDV of some £ 68.5 million for the 100 completed units and 50 completed Apartments.

    The GDV of the additional 100 partly built units and 100 apartments is £ 81.5 million. Giving Ames an additional potential £ 57 million in completion monies when these are complete.

    Ames has sold some 1700 units at Buccament Bay with a GDV of some £ 750 million note there is no value given for the football pitches, tennis courts, restaraunts, back of house, pools etc. We have given a value to these of £ 40 million.

    Giving a GDV value of £ 790 million for Buccament Bay.

    What does this mean, it means that investors in Buccament Bay would have had to pay £ 237 million in 30% deposits to achieve a GDV of £ 790 million.

    This also means that the GDV for all the other resorts, and let’s not forget Ames has sold some 9000 units to some 6000 investors across 7 resorts and 2-3 refurbished hotels is £ 553 million.

    That is £ 553 million across 7300 units. In other words the remaining 7300 units are worth 73% of what Buccament Bay is worth.

    Therefore the average GDV for each unit across Merricks, the Marquis Estate, Two Rivers, Hotel Blu, H Hotel, the Hideaway, Las Canas and Brazil is
    £ 75,750.00

    To put this into context, the average 30% deposit paid at Buccament Bay is £ 132, 352.00 based on the GDV

    The average 30 % deposit paid across all the other resorts is £ 22,725.00 based on the GDV.

    The BCQS report is most interesting, we can deduce from the GDV calculations that the properties sold on all the other resorts apart from SVG have been sold at 62% of the cost to construct the units, in other words the units have been sold at £ 328 million below the cost to construct them.

    Well you might ask why we are releasing this information, well (1). because in the same way some have cooperated with Ames to assist him in his case against Wilkins Kennedy, others have assisted Wilkins Kennedy in their defence against Ames. (2). We don’t believe for one moment that the GDV valuations produced by BCQS and Ames are correct and believe them to be a work of absolute fiction, (3). But if the GDV is correct then Ames took a hell of a lot more then £ 400 million in deposits. (4). Or possibly fed RL a whole heap of duff DD when Ames was trying to establish the trust. (5). We can also tell that the GDV produced by BCQS was a crock of shit when compared to the inter company loans. (6). Unless those inter company loans were used to fund operational losses at Buccament Bay.

    This is a very brief summary of a far more detailed anaylisis we have undertaken of the BCQS GDV valuation produced in 2011 and to which Ames refers to as being the value of Buccament Bay.

    We have provided copies of our work to all the interested parties. And will of course make the FSCS and RL aware of our findings too, If Ames wishes to standby the GDV and the fact that he only recieved £ 400 million in deposits then we are cool with that, because that puts beyond doubt that Ames / Harlequin are insolvent, if Ames wants to change his mind, that’s cool too, because then we will have demonstrated to what lengths Ames is prepared to go to decieve not only the courts but his investors too. And we would be asking where is the rest of the £ 400 + Million Mr. Ames.

    Your call Dave, we are happy either way. And we would like to thank all those who provided us with information to assist Wilkins Kennedy in their defence. And thank them for doing so willingly, freely and without asking for a reward of any kind.

  456. The Proof of the Pudding

    Why does Dave allow the FSCS have a look at his books then ?

  457. Operation Blue book

    Dear All,

    We published an update last week updating investors on key matters that Harlequin has encountered in early 2015, as well as matters on the horizon. Since release of the update we have had a response from the FSCS legal department and would therefore like to clarify the section of the update entitled “The FSCS and the Trust”.

    To remind you, the section stated we were seeking clarification on a number of points that were unfortunately incorrectly interpreted, without FSCS input, in video and email by Gareth Fatchett of Regulatory Legal. This was nothing more than a weak marketing attempt by the firm to attract new clients to make compensation claims, which is the mainstay of this law firm’s business.

    Whilst Harlequin knew this was the case, it has now sought a full explanation from the FSCS, who have permitted Harlequin to quote responses in order to clarify the position. All emphases are Harlequin’s.

    Regarding the statement that “the Harlequin Investment is insolvent”:

    “FSCS does not regard ‘Harlequin’ as insolvent, as was incorrectly stated in letters sent to a small number of claimants. FSCS has taken steps to ensure that the status of Harlequin is correctly described in correspondence to claimants going forward and we regret any confusion caused.”

    Whilst Harlequin is frustrated by the unnecessary confusion and alarm caused, the FSCS clearly didn’t anticipate that their private correspondence would be shamelessly exploited by a compensation firm suggesting that the statement resulted from the FSCS carrying out a full financial review of the Harlequin group. It is clear that no such exercise has been carried out at all.

    For the avoidance of doubt, and as we reminded the FSCS, Harlequin is trading, has two successful Caribbean hotels, and over 100 purchasers are in the process of completing on their investments, with a handful having already completed and received title.

    Regarding the £0 valuation of the investment for compensation claims:

    “FSCS considers that the value of holdings in Harlequin are too uncertain to quantify, and in order to calculate compensation for affected claimants we have disregarded its value for FSCS purposes.”

    Therefore it is clear that the valuation is a means of facilitating compensation payments at a time when the FSCS cannot value Harlequin’s overseas property investment, which is logical given that development has been postponed and refunds cannot be offered whilst Harlequin is restructuring and protecting your investments.

    The FSCS also stated: “FSCS will review how it quantifies claims in relation to Harlequin holdings on an ongoing basis.”

    Clearly this means the valuation is specific to the current circumstances and certainly can change, meaning no indication can be given as to the value in 2016, 2017, or at any point in the future. Harlequin is uncompromising in its belief that the business will continue to regain strength and open more hotels.

    Unfortunately, the cynical, self-serving attacks on Harlequin during its restructuring programme result from compensation firms desperate to receive fees for submitting claims that members of the public can undertake themselves.

    Hopefully we have shown yet again how certain sources of information cannot be trusted.

    Harlequin certainly will not make a habit of responding to the marketing and trolling exploits of third parties because we have enjoyed being removed from the soap opera, but the above needed to be clarified for obvious reasons.

    Regards,

    Harlequin

  458. Anonymous

    Oh dear the anti HP thugs are really scrambling about now aren’t they. Not so long ago the line was ” if the FSCS say HP are insolvent it’s good enough for me”. Now they have changed their position the thugs are looking for any justification they can find to believe it to be true. But there again I don’t know how the FSCS works do I. Lol
    And let’s not forget that anyone can put in a claim to the FSCS and not use the “services” of an ambulance chaser and have 15% shaved off their award for filling in a form.

  459. Anonymous

    But anonymous 2.51 are all those calculations changed if the price of a concrete block goes up lol

  460. Dave Ames, the man behind...... well no plan.

    Thanks for the clarification Harlequin, let’s all hurry along and get our claims in. Before, all of a sudden, the FSCS value Harlequin at £500,000, 000 like Bob Fidel

    I would just love to see your plan Dave?

  461. On the ropes

    Phew, for a moment I thought harlequin was insolvent, will i now get my refund, or return? My interest payments backdated?

  462. Anonymous

    Anonymous 1.01 and 2.51 am, thank you for your post.

    Anonymous 8.57 and 9.04 am despite the latest update from Ames the issue of whether the companies are insolvent or not is a relatively simple one to determine. You should really read what Anonymous 1.01 and 2.51 am wrote,

    What Dave Ames should have really done is sought clarification as to whether the FSCS would pursue his companies for any redress paid.

    Also if you look at the tests for insolvency you will clearly see that Ames’ companies are most definetly insolvent. Sadly the FSCS are still paying out compensation.

    Of course if Dave Ames feels agrieved he should once again pursue Gareth Fatchett and Regulatory Legal or indeed the FSCS, it’s also a shame that Dave Ames was unwilling to produce all the correspondence with the FSCS.

    Tests to determine whether your company is insolvent:

    The cash-flow test: are your company’s current debts, or future debts, unable to be paid as they fall due?

    The balance sheet test: is the value of your company’s assets less than the amount of its liabilities, taking into account the present uncertain circumstances and future liabilities?

    Cash Flow Test;

    Given the number of contracts now in default, there currently is not enough cash to cover payments due on the contracts, this includes the section in the contracts whereby investors are entitled to compensation or refunds should Ames / Harlequin be unable to fullfill its contractual obligations.

    Balance Sheet Test;

    According to an affidavit by James Albert Baker the assets of the various Ames / Harlequin companies was less than the amount of liabilities thus they would fail the test. James Baker based his calculations on information provided to him by Ames / Harlequin.

  463. Test me prove me!

    They are insolvent. This farce is not going to make the FSCS very happy, maybe they will test Harlequin now?

    Oh Dave! Dropped another clanger.

  464. Anonymous

    Dave you refer to valuations in your update, this is why the BCQS valuation needs to be examined in great detail. As was pointed out at 1.01 am and 2.51 am if the BCQS valuation is correct then you have been selling properties well below the cost to complete.

    What appears to have happened is you have appeared to have a valuation undertaken whereby you have had cause to have created a fraudulent or false document whereby you have set out to deliberatley decieve investors into thinking that the value of the assets is far greater then it is.

    You have done this for a number of reasons one being to entice investors into joining your trust.

    We also like what you stated here, note our comments ;

    ” Whilst Harlequin is frustrated by the unnecessary confusion and alarm caused, the FSCS clearly didn’t anticipate that their private correspondence would be shamelessly exploited by a compensation firm suggesting that the statement resulted from the FSCS carrying out a full financial review of the Harlequin group. It is clear that no such exercise has been carried out at all.

    ” OUR COMMENT; Firstly, these are your words not the FSCS’s Secondly, had you provided the FSCS with the affidavit from James Albert Baker produced in 2014, the accountant employed by you and your companies to produce the affidavit, then there would be no need to argue the toss over the issue of insolvency. That was clearly demonstrated by James Albert Baker, and unless Harlequin have somehow magically produced in excess of £ 400 million quid since the date of the affidavit then the position remains that Harlequin is insolvent. ”

    For the avoidance of doubt, and as we reminded the FSCS, Harlequin is trading, has two successful Caribbean hotels, and over 100 purchasers are in the process of completing on their investments, with a handful having already completed and received title.

    ” OUR COMMENT for the avoidance of doubt and to remind the FSCS we will forward them a copy of the James Albert Baker witness statement which of course would demonstrate that Harlequin is trading insolvently.

  465. Anonymous

    Again a masterful stroke by RL and Gareth Fatchett, what this has done is bring the issue of the solvency of Harlequin firmly to the fore, an earlier poster stated that Harlequins current accountants had made a previous determination that Harlequin was insolvent by way of an affidavit, if this is true, then it is firmly an end of debate on the issue. If the authorities including the FSCS obtain a copy of the affidavit it might very we’ll help to clear up matters.

    I have a feeling that the affidavit will end up not only with the authorities but with all the “Wrong” people as well.

  466. Anonymous

    Wow Dave Ames is not insolvent, quick everybody Lets get down to Bluebell Wood and get our money back + our 10% compensation, to all cash investors, there is no need to join the trust, infact there is no need for a trust, Harlequin is not insolvent, all is ok, in fact all is fantastic.

    Horrrrray Horrrrray Long Live Dave Ames.

  467. FSCS

    Keep it coming, have you sent it to mark Neale at the FSCS, he is more than interested in harlequin…..

  468. Gavel

    He is how we say, on the level.

  469. Anonymous

    “Our comment”? Lots of our comment statements being made. Wonder who “our” is? Think we all know don’t we Paddy.

  470. Anonymous

    Oh look the builder is saying all these nasty things, therefore because the builder is saying this it must be untrue.

    James Albert Baker is really working for the builder, it’s a conspiracy Dave.

    You are not insolvent.

  471. What's My Contract Really Worth ?

    What value Dave Ames would put on the contract for my Cabana ?

    Its not built yet, the contract is void & I have no legal claim over any development that may be built, even if the resources were there

    It woud like be trying to sell a car on ebay , that is not built, with no resources to build it, by a company under investigation by the SFO etc.

    Go and see what my Void contract is worth on the open market Dave, this is it’s true value,

    & unfortunately, words from a man with your credibility and history will not somehow, raise it’s value.

  472. Anon

    Dave do you expect us to believe a few paragraphs cherry picked from alledged communication with the FSCS. Why not publish the entire communication unredacted?

    Looking for a retraction over on the FSCS site, nope none there.

    Dave you told us previously that the FSCS told investors that they had to join the trust to get redress, this was a blatant lie, so why the hell should we believe you now.

  473. Little Legs - Big Lies

    Nobody believes Ames, that’s one of little Legs many problems.

  474. The great GV and his diminishing mental state.

    Maybe, the FSCS will now ask for proof Harlequin is solvent? Not one of the GV’s best moments, he is unravelling.

    This has backfired.

  475. SIPP-ing

    Saintgeorges dragon you are very very wrong on many many fronts. Look at compensation rules- look at the latest pension reforms kicking in April 15. Please don’t confuse things if you don’t know what your talking about. Sorry. Ps I wont be buying a car!!

  476. SIPP-ing

    Anonymous the cap with the Ombudsmen is £150k I believe. Someone one else who doesn’t know what they’re on abut re claims ……or cars.

  477. SIPP-ing

    Hi Attacks of the incidious
    March 13, 2015 at 5:12 pm Go on then- explain all.

  478. Anonymous

    It’s £85k for banks and building societies. Or have you found some other “ombudsmen”

  479. Anonymous

    It’s not necessarily the SIPP investors who wanted HP to fail. It’s RL (for purely smug reasons) and the builder and his 3 cohorts (for purely vindictive reasons)

  480. SIPP-ing

    Jeezzz banks and building societies are NOT ombudsmen! Banking claim limits are an entirely separate issue. No I know why no one listens to you

  481. Anonymous

    What legitimate reason does David Ames have for withholding business plans and accounts from the people whom entrusted him with their money?
    Name some bona fide companies that don’t register company accounts.

  482. Anon

    There is a misconception out there that every redress payment by the FSCS will equate to one less investor or creditor in Harlequin, this is not the case.

    SIPP investors who obtain redress via the FSCS will recieve Max £ 50 k. SIPP investors who go down the FOS route stand to recoup most if not all of their original investments if their claims are succesful, and if in many cases the IFA’s have the liquidity to repay the investments, however the FOS route is far more difficult.

    But once redress is paid the debt transfers to those who have paid redress.

    Notwithstanding all of this, HMSSE is owed c £ 80 million from the related RDC’s, the RDC’s in turn are owed a similar amount by HMSSE, but HMSSE has other creditors aside from the RDC’s.

    However all these creditors are considered unsecured creditors, including the RDC’s.

    It is most likely that Leonard Curtis will call in the debt owed to HMSSE, Ames cannot just reassign the debts to other RDC’s or wipe the slate clean, to do so would be considered preferential creditor status.

    So it really looks like Ames is stuffed. It looks like that Leonard Curtis will also seek the repayment of the directors and shareholders loans from members of the Ames family, this will cause problems for Dan, Carol and Nicola, and could tip them into bankruptcy, however regardless Carol and Dave will most definetly face bankruptcy proceedings at some time.

    The issue of the FSCS and whether they stated Harlequin was insolvent or not is immaterial. Ames’ own accountants have clearly stated that the various companies owned by Ames have liabilities that greatly exceed assets and therefore have a negligible value.

    Sadly cash investors are the biggest losers here, they truly are, and they no matter what redress will be paid will never see their position improve.

    On the issue of the trust, if one is to believe the updates from Dave Ames, that being that Harlequin’s position is improving all the time, even though a trust has not yet been established, it might be prudent if cash investors stayed out of the trust, cash investors could undertake not to pursue Ames for a period of say 6 months at a time, on the basis that Ames achieved certain targets.

    It would also be prudent for cash investors to seek from Ames some sort of a legally binding mechanism whereby the investors would not find themselves time barred for any claims they may wish to make against Ames or his companies in the future.

    But I fear that this is all rather irrelevant given that cash investors will have no say in any future action taken by either Leonard Curtis or the FSCS to recoup outstanding debts from Ames / Harlequin companies.

  483. Anon

    @ Anonymous March 14, 2015 at 1:19 pm

    It’s not necessarily the SIPP investors who wanted HP to fail. It’s RL (for purely smug reasons) and the builder and his 3 cohorts (for purely vindictive reasons)

    Well why doesn’t Ames just toddle on over to the SFO and tell them that all the problems are being generated by the builder, his three friends and RL, funny you have not mentioned CLC or CPC here, but of course to do so would breach the undertaking not to attack these two firms.

    I’m sure if Dave was to go to the SFO, they would fully understand and that would be an end of the matter.

    Given all this grief caused by four individuals and RL, one has to wonder if Ames still thinks it was worth it given all that has happened.

    I also doubt that Richard Spector and Dave Ames thought that others would have obtained information to assist WK in their defence, or for other purposes, instead they really believed that only they could be in a position to offer substantial amounts of money for information on their percieved enemies, perhaps Ames and Spectors actions set a precedence, whatever it did, there actions have back fired in a spectacular fashion.

    But Dave please go to the SFO, tell them your sob story and let’s see if the SFO drop the case. I recall over a year ago a poster called FDNRM stating that the SFO investigation was about to come to an end as a result of the conclusion of the defamation arbitration.

  484. Anonymous

    Jeeezzzz SIPP-ing don’t you read! It was not implied banks and building societies are ombudsmen. Doh! Ok let’s try this again. What Ombudsmen have a cap of £150k?

  485. Ok Anon, DA problems have also been caused by CLC/CPC. But there again I have not given any undertaking. Perhaps you can confirm what the Davies group have recouped?

  486. The Odious couple

    The GV has no intention of paying Crazier, just bought him time and no court case – simples.

  487. Anonymous

    Are you allowed to say that according to Anon lol

  488. Ticking time bomb

    Surly the FSCS won’t be happy at Harlequin causing a kerfuffle and will ask for proof that Harlequin is not insolvent.

    Again the GV has caused himself a problem with his arrogance and delusion.

  489. Anonymous

    You idiot. “FSCS do not consider Harlequin insolvent” is a direct quotation from correspondence from the FSCS. It was stated some time ago on here that HP was going to get clarification of certain points from the FSCS and that was one of them.

  490. Anon

    And you have forgotten that Ames’ problems have been caused by investors who can’t raise the cash to complete,

    The worlds financial crisis,

    The banking glitch,

    The inability of local lawyers to understand the completion process in SVG,

    The delays to the International Airport,

  491. Anonymous

    How about HP clarifying why they haven’t fulfilled the very basic legal requirements of registering accounts, a failure that is nothing to do with any third party. It leaves one to come to the conclusion that they have something to hide.

  492. Anon

    Anonymous on March 14, 2015 at 3:19 pm
    You idiot. “FSCS do not consider Harlequin insolvent” is a direct quotation from correspondence from the FSCS. It was stated some time ago on here that HP was going to get clarification of certain points from the FSCS and that was one of them.

    Anonymous all we have is Ames’ word for this, remember Ames told us before that the FSCS said investors had to join the trust in order to get redress and that turned out to be a lie,

    But just to keep the FSCS in the loop the affidavit of James Albert Baker has been sent to the FSCS along with the intercompany debt issue and the minutes of the meetings produced here.

    I’m sure the FSCS will reconsider their clarification when they look at the evidence.

    But to be clear, Ames’ companies are insolvent and Ames is trading insolvently. Fact.

  493. Anon

    Come on David publish some build schedules along with financial planning. Straightforward standard requirements in the building industry.

  494. Anon

    Anywhere from £ 230 million upwards was taken by Ames after ICE and WK left. Where did that money go?

    And what about the sale of properties in Dubai, The interest free loans, what was that all about?

  495. Anonymous

    Why did David Geddes accidently wipe the servers, that’s what Richard Spector said happened, how could this happen ?

  496. Anonymous

    Why didn’t Paddy connect the drains. He knows all about being in the shit.

  497. operation Blue book

    Ames thinks he can fight the Government now.

  498. Anonymous

    I thought it was the contractor who took over from Paddy who discovered the drains were not connected.

  499. Repossession a pace

    Alistair Burns the TailorMade director, still trying to rent his house, same😉

    http://www.gascoignehalman.co.uk/resize/502493/0/850

  500. What's My Contract Really Worth ?

    “Come on David publish some build schedules along with financial planning. Straightforward standard requirements in the building industry.”

    The properties were to be built by magic fairies, no money or build schedules needed. Its common knowledge that if people don’t believe in fairies, they die.

    If those nasty investors had believed in Dave’s Business model, the fairies would have lived and we would all be enjoying cocktails and high returns

    Damn those non believers.

  501. Open Letter

    Just say we invite RL (offended by the GV) to write to the FSCS and ask on what basis they can claim Harlequin to be solvent or otherwise.

    Open letter to all investors.

    Brings the Government in. Surely the FSCS does not want to reassure investors of a fact without checking evidence.

  502. £9500 for renting!

    http://www.gascoignehalman.co.uk/

    Broome House Chelford Road, Alderley Edge
    £9500 pcm

    ALDERLEY EDGE, Chelford Road, Optional Furnishings A stunning 6 bedroom 4 bathroom detached family house. Set in approx 1.29 acres accommodation comprises entrance, SieMatic kitchen with large living area, dining room, drawing room, family room, study and gym/6th bedroom, master bedroom with a dressing area and en suite bathroom, further 4 double bedrooms all with en suite. Externally far reaching views to both front and rear, ample parking and detached double garage. Deposit & Fees Apply. EPC Rating: C

  503. Glue

    I think RL have accidentally opened up a can of worms for Dave.

    Their update last week was reporting rather than mischief. I am surprised Dave bothered as the average investor has no idea about solvency.

    Solvents maybe, but not solvency.

  504. Anonymous

    How about writing to them, all of us? Keeps the pressure on Ames.
    Surly he can’t think about suing the British Government!

  505. Evostick

    I disagree, Ames caused it by being a lair – the FSCS support the Trust.

  506. Super glue

    Just watch him sue the SFO

  507. Try me and prove me...

    Poor Dave, tricky one to get out of. Show the FSCS accounts !!!

  508. Pritt the non stick sticky stuff

    He will sue the British Government, and become PM.

  509. No more nails

    Maybe Head of the SFO.

  510. Anonymous

    Once one had the following information it was clear what HP was.
    50% taken in “commission” at point of sale.
    Various building plots not purchased as claimed.
    Many years of accounts not filed.

    The confirmation for me was visiting BB. It was immediately and obviously apparent that it was not possible for that size of real estate to accommodate anywhere near the amount of tourists they had sold units for. Applied for refund and informed SFO on return to UK.

  511. Mr Cameron (Bilderberg member)

    The Brotherhood won’t take kindly to Ames upsetting it’s most senior Freemason Mark Neale, the main man at the FSCS.

  512. Anonymous

    HARLEQUIN & THE FSCS
    by Regulatory Legal Solicitors

    All,
    We saw the Harlequin update. No surprises that everyone is against Harlequin and they are yet again the “victim”. There are few victims who have received £400m.
    The FSCS gave the insolvent status in a client redress determination. That is not anything we have written.
    Why would we publish it ?
    Easy, our clients want to know what is being said about their investment. We feel that an insolvent status is something they would want to know about. Whenever we get information that benefits our clients, we will publish it on our sites.
    Harlequin would have felt uncomfortable with the insolvent status. Harlequin will have contacted the FSCS and done one of two things :-
    (a) threatened the FSCS with action
    (b) demonstrated that Harlequin was solvent
    It would be interesting to understand which approach was taken. Frankly, all we are bothered about is that the clients who have instructed us to obtain redress, do so. Nothing else.

  513. Slipshod

    Mr Ames has got himself in a pickle over this, whatever will he do next?

  514. Beachball Head Walton

    FatBoy is off again

    The recent updates say, well nothing. Unless, you count trying to get investors to part with more cash or sign up to the Trust.

    Maybe a plan that would contain:-

    An update on the elusive finance.
    A build plan.
    Accounts.
    An update regarding all these ‘completions’.
    I could go on….

    It just seems Ames is bumbling round from one crisis to the next keeping his dream alive.

  515. Anonymous

    Believe it or not RL the FSCS does not answer to you. If you are not interested to understand which, if any approach was taken, then why ask the question. Of course HP would have “uncomfortable” with the insolvency status. Why don’t you just butt out RL, just concentrate on your 15% like any ambulance chaser. After all you are doing nothing to help cash investors who you will be happy to sacrifice.

  516. Sour grapes

    Cash investors have only themselves to blame and are pissed off that SIPP investors are getting paid out.
    I’m SIPP and I don’t give a PHIG for cash investors.

  517. Troll on Basildon 18:30

    Anonymous
    March 14, 2015 at 5:44 pm
    HARLEQUIN & THE FSCS
    by Regulatory Legal Solicitors

    This surely is fakery?
    Grammar, syntax and inappropriate use of an ampersand all look very dodgy.

  518. Anonymous

    It’s a dog eat dog World my friend.

    99% of investors just want out, if it wERE the other way round SIPP investors would be moaning.

    The fact is YOU invested – YOU were greedy.

    Get a life and move on.

  519. Anonymous

    Yes it’s trickery most foul.

  520. sour grapes

    Just truthful mon ami.

  521. Anon

    @anonymous 6.17pm Everyone’s circumstances are different, some are facing illness now, bereavement, divorce or redundancy since investing. Not everyone has the luxury of waiting and hoping everything with harlequin turns out ok.

  522. Anonymous

    Walton has already completed numb nuts.

  523. SIPP-ing

    O would like cash investors get some recompense but there are just one of two ass- holes here I couldn’t care less about.

  524. EB ola

    Look’s like wannabe tough guy Ingham is back.

  525. EB ola

    Ingham and Storey hope they end up with nowt.

  526. Anonymous

    Ames does not have the cash reserves to fight off this latest salvo, more and more investors are pursuing him in SVG, he is also under pressure with UK litigation, to state otherwise is ridiculous.

    In other news a husband and wife recieved a bloody nose in a recent UK court action where their personal assets worldwide are subject to a freezing order, they consented to paying in excess of £ 1.8 million by September 2015 to a group of clients who were claiming losses as a result of investing in overseas properties, the couple and their lawyers lied to a number of journalists on the issue of the settlement by stating that the group had dropped their case, they lied to prevent other investors from taking a similar action against them personally.

    One does have to wonder about the ethics of lawyers who blatantly lie, lying scum Protecting this couple, who themselves are lying scum.

    Meanwhile back to Mr. and Mrs. Ames, they were embroiled in a group action some months back but it appears this action was dropped, it’s amazing that this is an action that Ames or his legal team did not have covered by an NDA or Tomlin order,

    Here is what Ames and his lawyers told Professional Advisor,

    ” Harlequin and its lawyers declined to comment, and would only say that the case to sue the Ames’ had been “withdrawn” by the group of 24 investors.”

    See the full article below,

    http ://m.professionaladviser.com/ professional-adviser/news/2376209/harlequin-investors-drop-case-against-chairman-and-wife

    This must be true because Dave Ames said so,, I mean if it was not true, this would mean that Ames was a lying piece of scum, and his lawyers were lying scum aswell, with no idea of what ethics meant, and I mean how could someone trust scum like these to honor any commitments.

    So there is no way Ames or his lawyers would lie about this no way.

  527. SIPP-ing

    OK its three or ten. The overly selfish disruptive few. How many? Well hard to tell eh! But what goes round…………..not an absolute but often works out.

  528. SIPP-ing

    Are Tall Storey and Ingham nasty selfish twerps?

  529. Anonymous repost (1).

    A number of posts appear to have set off the usual nuts on here, so let’s recap.

    Anonymous on March 14, 2015 at 5:44 pm
    HARLEQUIN & THE FSCS
    by Regulatory Legal Solicitors

    All,
    We saw the Harlequin update. No surprises that everyone is against Harlequin and they are yet again the “victim”. There are few victims who have received £400m.
    The FSCS gave the insolvent status in a client redress determination. That is not anything we have written.
    Why would we publish it ?
    Easy, our clients want to know what is being said about their investment. We feel that an insolvent status is something they would want to know about. Whenever we get information that benefits our clients, we will publish it on our sites.
    Harlequin would have felt uncomfortable with the insolvent status. Harlequin will have contacted the FSCS and done one of two things :-
    (a) threatened the FSCS with action
    (b) demonstrated that Harlequin was solvent
    It would be interesting to understand which approach was taken. Frankly, all we are bothered about is that the clients who have instructed us to obtain redress, do so. Nothing else.

  530. Anonymous repost (2).

    Anonymous 1.01 and 2.51 am, thank you for your post.

    Anonymous 8.57 and 9.04 am despite the latest update from Ames the issue of whether the companies are insolvent or not is a relatively simple one to determine. You should really read what Anonymous 1.01 and 2.51 am wrote,

    What Dave Ames should have really done is sought clarification as to whether the FSCS would pursue his companies for any redress paid.

    Also if you look at the tests for insolvency you will clearly see that Ames’ companies are most definetly insolvent. Sadly the FSCS are still paying out compensation.

    Of course if Dave Ames feels agrieved he should once again pursue Gareth Fatchett and Regulatory Legal or indeed the FSCS, it’s also a shame that Dave Ames was unwilling to produce all the correspondence with the FSCS.

    Tests to determine whether your company is insolvent:

    The cash-flow test: are your company’s current debts, or future debts, unable to be paid as they fall due?

    The balance sheet test: is the value of your company’s assets less than the amount of its liabilities, taking into account the present uncertain circumstances and future liabilities?

    Cash Flow Test;

    Given the number of contracts now in default, there currently is not enough cash to cover payments due on the contracts, this includes the section in the contracts whereby investors are entitled to compensation or refunds should Ames / Harlequin be unable to fullfill its contractual obligations.

    Balance Sheet Test;

    According to an affidavit by James Albert Baker the assets of the various Ames / Harlequin companies was less than the amount of liabilities thus they would fail the test. James Baker based his calculations on information provided to him by Ames / Harlequin.

  531. Anonymous repost (3).

    Anonymous on March 14, 2015 at 1:01 am
    Despite the latest update from Ames / Harlequin RL are still confident that the FSCS are maintaining their stance that the contracts are worth £ 0.00.

    The issue of whether the companies are insolvent or not is a relatively simple one to determine.

    Tests to determine whether your company is insolvent:

    The cash-flow test: are your company’s current debts, or future debts, unable to be paid as they fall due?

    The balance sheet test: is the value of your company’s assets less than the amount of its liabilities, taking into account the present uncertain circumstances and future liabilities?

    Cash Flow Test;

    Given the number of contracts now in default, there currently is not enough cash to cover payments due on the contracts, this includes the section in the contracts whereby investors are entitled to compensation or refunds should Ames / Harlequin be unable to fullfill its contractual obligations.

    Balance Sheet Test;

    According to an affidavit by James Albert Baker the assets of the various Ames / Harlequin companies was less than the amount of liabilities thus they would fail the test. James Baker based his calculations on information provided to him by Ames / Harlequin.

    Ames will claim that the balance sheet should reflect the monies owed, the £ 48 million owed by investors for completions, but this in itself does not alter the insolvency issue.

    £109 million in cash was spent on BuccBay

    Anonymous on March 14, 2015 at 2:51 am
    Hypothetically therefore £ 218 million would have had to have been paid by investors in Buccament Bay by way of 30% deposits just to cover the construction work to date if Bucc Bay was self funding, but if you read below we have unearthed some rather startling evidence to suggest that the 30% deposits paid at Buccament Bay were £ 237 million.

    Ames claims that Buccament Bay was valued at some £ 150 million in 2011.

    However the Valuation carried out in 2011 was not a valuation of the resort but a GDV valuation (Gross Devlopment Valuation) based it appears on the sales prices of the units on the date the valuation was carried out.

    The GDV valuation is far higher then the valuations arrived at through the various Red Book valuations Ames / Harlequin had commissioned.

    In other words the Valuation of £ 150 million was based soley on the sales price of units in 2011. Or on the prices as per the contracts.

    Ames claims that some 150 units are now complete and that some £ 48 million is owed in completion monies on these units, this gives us a GDV of some £ 68.5 million for the 100 completed units and 50 completed Apartments.

    The GDV of the additional 100 partly built units and 100 apartments is £ 81.5 million. Giving Ames an additional potential £ 57 million in completion monies when these are complete.

    Ames has sold some 1700 units at Buccament Bay with a GDV of some £ 750 million note there is no value given for the football pitches, tennis courts, restaraunts, back of house, pools etc. We have given a value to these of £ 40 million.

    Giving a GDV value of £ 790 million for Buccament Bay.

    What does this mean, it means that investors in Buccament Bay would have had to pay £ 237 million in 30% deposits to achieve a GDV of £ 790 million.

    This also means that the GDV for all the other resorts, and let’s not forget Ames has sold some 9000 units to some 6000 investors across 7 resorts and 2-3 refurbished hotels is £ 553 million.

    That is £ 553 million across 7300 units. In other words the remaining 7300 units are worth 73% of what Buccament Bay is worth.

    Therefore the average GDV for each unit across Merricks, the Marquis Estate, Two Rivers, Hotel Blu, H Hotel, the Hideaway, Las Canas and Brazil is
    £ 75,750.00

    To put this into context, the average 30% deposit paid at Buccament Bay is £ 132, 352.00 based on the GDV

    The average 30 % deposit paid across all the other resorts is £ 22,725.00 based on the GDV.

    The BCQS report is most interesting, we can deduce from the GDV calculations that the properties sold on all the other resorts apart from SVG have been sold at 62% of the cost to construct the units, in other words the units have been sold at £ 328 million below the cost to construct them.

    Well you might ask why we are releasing this information, well (1). because in the same way some have cooperated with Ames to assist him in his case against Wilkins Kennedy, others have assisted Wilkins Kennedy in their defence against Ames. (2). We don’t believe for one moment that the GDV valuations produced by BCQS and Ames are correct and believe them to be a work of absolute fiction, (3). But if the GDV is correct then Ames took a hell of a lot more then £ 400 million in deposits. (4). Or possibly fed RL a whole heap of duff DD when Ames was trying to establish the trust. (5). We can also tell that the GDV produced by BCQS was a crock of shit when compared to the inter company loans. (6). Unless those inter company loans were used to fund operational losses at Buccament Bay.

    This is a very brief summary of a far more detailed anaylisis we have undertaken of the BCQS GDV valuation produced in 2011 and to which Ames refers to as being the value of Buccament Bay.

    We have provided copies of our work to all the interested parties. And will of course make the FSCS and RL aware of our findings too, If Ames wishes to standby the GDV and the fact that he only recieved £ 400 million in deposits then we are cool with that, because that puts beyond doubt that Ames / Harlequin are insolvent, if Ames wants to change his mind, that’s cool too, because then we will have demonstrated to what lengths Ames is prepared to go to decieve not only the courts but his investors too. And we would be asking where is the rest of the £ 400 + Million Mr. Ames.

    Your call Dave, we are happy either way. And we would like to thank all those who provided us with information to assist Wilkins Kennedy in their defence. And thank them for doing so willingly, freely and without asking for a reward of any kind.

  532. SIPP-ing

    Storey and Ingham are like those nasty car drivers then who hide behind the metal and run eh! Then are civil in the pub. Sad.

  533. Robert Storey

    SIPP-ing, you are like those nasty anonymous posters who hide behind a keyboard. As you have never met me then you a complete moron to make that type of statement.

  534. Anonymous

    Ah Robert you finally post as yourself again, I do hope you have very deep pockets, because the fun has yet to start for you my friend, oh you can thank Dave and his little mission to the U.S. for that little gem.

    Toodle pips for now Robert Storey from Nuneaton😉

  535. Anon

    So Robert you are working with Dave Ames now tracking IP addresses, or is this a solo mission your on ?

  536. SIPP-ing

    Well Tall Storey one can make certain assumptions based on the puerile vitriol we see you posting here. The bragging sneering and will to see others suffer because you never did get that cabana you were promised, cash-man investor. One of the biggest losers here that gets satisfaction from others problems. Well you’ve lost, you live in hope but – your a loser. Dumped on. Oh and I do know people that have met you- and the cowardly car rage runner cap fits old man. That’s why just about everyone in every medium you post on despises you. And as for meeting, I’ll be happy to meet you somewhere private. x

  537. SIPP-ing

    No- but I may be punch- ual heh

  538. Robert Storey

    SIPP-ing grow up. You know where I live, call round. Lol big mouth, no balls. Pathetic.
    Anon, if only you knew. £3k gets you a lot of information.

  539. Anon

    The following from the RL website, many of the investors at Buccbay have been in since 2006, this particular gentleman paid an initial £ 60 k with £ 150 k to pay.

    This gives an avg of £ 210 k per unit. A little different from the avg price of £ 470,000 Ames states as monies owing to him,

    Ames claims that he is owed £ 48 million in completions. BCQS who based their GDV valuatuon on information provided by Ames valued phase 1 194 cabanas and 150 apartments at US $ 240 million.

    It looks however like the GDV is closer to US $ 100 million, looks like Ames has been over egging it a tad.

    My guess is that Ames is probably owed about £ 24 million and not the £ 48 million he claims, these figures would make far more sense based on the earlier GDV calculations.

    See extract from RL forum below.

    I have been in this since 2006 as a cash investor and wrote off my investment around 4 years ago as a bad lot. I do not expect to make any money or get my £60K back.
    My unit is built and I could have completed, but without the ‘guaranteed’ finance i would rather lose the money than put in another £150K of my own as I know have no faith in what the business plan has become.
    I will not be joining the trust as I don’t think it will be of any advantage to me over and above staying on the sidelines to see what happens and I feel there are more options in the future for tax write offs etc if I don’t join the trust.
    I do realise that I’m not in as bad a place as some of you and don’t mean to be heartless but this is the way I see it.
    Best of luck to you all whatever you decide to do.

  540. SIPP-ing

    Don’t actually but want common ground anyway.

  541. SIPP-ing

    Don’t forget the £40 mill still unaccounted for. Can anyone draw on that eh?

  542. Anon

    Robert you will get what you deserve my friend.

  543. Robert Storey

    Lost your balls. Put your contact details on here and I will look you up. 🐓🐓

  544. SIPP-ing

    Yup and it wont be a cabana heh.

  545. Robert Storey

    @anon, going to send me a concrete block as a present?

  546. SIPP-ing

    How about the M4 services Bristol ?

  547. Robert Storey

    Chick chick chick chick chicken 🐓🐓🐓🐓 pathetic. Mind you don’t shit yourself reading this. Lol

  548. SIPP-ing

    I am a pensioner- and I didn’t start the fight Cum Storey Yup knew you’d bottle it heh

  549. Robert Storey

    Piss off. If you think I’m going to drive 150 miles to meet some wannabe Rambo who would not turn up. Send me your home address I’ll call round for a cup of tea.

  550. SIPP-ing

    I live next to the M4 services. You’ll know me I have a white stick- two in fact. Gives you a chance eh

  551. Robert Storey

    No you probably live at the M4 services.

  552. SIPP-ing

    Ha- keep very fit and would love a last few rounds. Been a bit, they stop you see, unless you want to go illegal. Your tag- a clue is it darkling😉
    M4 S, Almost Bob. Tell Anonymous why everyone despises you- and you double name post sweetie

  553. SIPP-ing

    Have to be re-treads like his posts

  554. Anonymous

    Anything for a good distraction…HP trolling at its best…Bob will get a nice bonus this month…might be called something else on the books…if there were any books.

  555. SIPP-ing

    What has any of this go to do with anything constructive old bean. I call in on the off chance I’ll pick up some info and to chuckle at the idiots and the nasty’s- like Tall Storey. Bob baiting’s a sport here, he does deserve it though. There are however some very nice people here who I hope see a result, rare though. Night Night oh daft one xx

  556. Anonymous

    I’ve noticed that every time we get an intelligent post, the HP Guys jump on the forum, says it all really, anyhow I found this post very informative.

    I agree the valuation bandied about by Ames makes no sense.

    The following from the RL website, many of the investors at Buccbay have been in since 2006, this particular gentleman paid an initial £ 60 k with £ 150 k to pay.

    This gives an avg of £ 210 k per unit. A little different from the avg price of £ 470,000 Ames states as monies owing to him,

    Ames claims that he is owed £ 48 million in completions. BCQS who based their GDV valuatuon on information provided by Ames valued phase 1 194 cabanas and 150 apartments at US $ 240 million.

    It looks however like the GDV is closer to US $ 100 million, looks like Ames has been over egging it a tad.

    My guess is that Ames is probably owed about £ 24 million and not the £ 48 million he claims, these figures would make far more sense based on the earlier GDV calculations.

    See extract from RL forum below.

    I have been in this since 2006 as a cash investor and wrote off my investment around 4 years ago as a bad lot. I do not expect to make any money or get my £60K back.
    My unit is built and I could have completed, but without the ‘guaranteed’ finance i would rather lose the money than put in another £150K of my own as I know have no faith in what the business plan has become.
    I will not be joining the trust as I don’t think it will be of any advantage to me over and above staying on the sidelines to see what happens and I feel there are more options in the future for tax write offs etc if I don’t join the trust.
    I do realise that I’m not in as bad a place as some of you and don’t mean to be heartless but this is the way I see it.
    Best of luck to you all whatever you decide to do.

  557. Anonymous

    SIPPing, I think you need to speak to your carer at your Residential Home. I think it may be an idea to ask them to get your doctor to review the cocktail of medication you are taking as it seems to be making you aggressive and delusional,

    We you mixing your medication with alchol last night?

  558. Idiot baiting

    Haha Yank it in easy, you think you are baiting Bob Storey. You fool you have been had hook line and sinker. Fell right in didn’t you. Hohoho

  559. Hertz

    Ingham suffers from a mental condition that makes him think he is tough and wealthy. This condition usually manifests it’s self initially by renting cars and bullying women. In extreme cases dyslexia is commonplace.

  560. Robert Storey

    I haven’t posted on here for days. To the posters who think they are talking, or threatening, me well you need to have a lay down in a dark room. Or perhaps thats where you are already. i hope thats clarified things for the very odd people on here. Toodle pip

  561. Idiot baiting

    SIPPing is a tw*t pure and simple.

  562. SIPP-ing

    Ha and you lot are a bunch of idiots getting side lined. Listen I’ve taken me steroids and amphetamine for the day, I’ll take ya all on one at a time starting with Tall Storey and assuming the brave big mouths here are all over 60🙂 Hit the moral high ground when you hit the cowardly low ground eh x. Wednesday 18th March Bristol, services. Cmon on down gullible twonks. After that I’ll unsubscribe because as usual I get bored after a bit when the constructive posts run out, and of course they’ll be a few less of you here- if you turn up sweeties. And of course – If I’m now getting press as bad as Storey- well I’ve really pulled in the Ameless (sic) idiots eh. Yup time to vacate. Sycophants, fools and general arse’s – you’ve revealed yourselves xx

  563. SIPP-ing

    Precisely anonymous heh- no serous poster would have risen to my flies.

  564. The Grand Geomatrician

    Does it matter ? redress is being paid to SIPP investors and Re-Mortgage investors.

    That’s all we are bothered about.

    Dave’s “bombshell” was a bit of a waste of time. Nothing constructive and more time ticking away.

    Each day, week, month that goes past people turn to redress.

    Redress means people won’t be giving any more money to prop Dave up.

    The pool of people prepare to “complete” is but exhausted.

    The cash will run out slowly. Too slowly for some.

    However, since the FSCS valued HP at nil per contract, the game is over.

    Redress is the meth of the masses. They love it.

  565. SIPP-ing

    I use March Brown’s this time of year- its when the easiest trout rise in those shallow, dark northern streams🙂 x

  566. SIPP-ing

    Yes I would like to see most of the cash investors get some redress. However I’d like to see the toadies and vitriolic here continue to stay losers as some of them sought to undermine the honest majority. Its very difficult to care for them, those that would not only like their own money back but would snatch ours as well given a chance- indeed some have tried, thinking they were Dave’s special friends.

  567. SIPP-ing

    16 son- 1 stone over the weight but hey- time goes on eh! xx

  568. SIPP-ing

    Ha- no your (probably) right- but only because they got stitched up. Some of you live in hope. In any case, you don’t know it all sonny.

  569. Message to RL.

    RL be careful here, Dave Ames could sign this and claim later that he did not understand what he was signing. It would be better to get Ames and James Albert Baker to sign the document and insert a paragraph whereby Ames acknowleges that he fully understands what he is signing.
    Also include his lawyers.

    It must be remembered that when BDO disclaimed the HMSSE accounts Carol Ames came out publically by stating that BDO had got it wrong and did not understand the business.

    Regulatory Legal Solicitors
    The document is very clear. We can see why the FSCS might have backed off a little.
    The FSCS are valuing at “nil”, which is the key thing for redress.
    The solvency issues is more dangerous because trading while insolvent causes all manner of issues.
    We will address the solvency issue next week. We feel there is a simple solution which involves Mr Ames (as director of the Harlequin companies) signing a statutory declaration declaring that the companies are solvent using standard accounting principles.
    We feel that this would clear matters up and draw a line in the sand.

  570. Disgusting

    @ Anonymous 12.27. What a disgusting and racist person you are. I hope BFP expose you for your racism. And as for this thread and forym being shitty, no it isn’t, it has been most informative aside from the posts from people like you, which have only convinced me that there is no way I will put another penny into Harlequin.

    If BFP is so shitty, why spend your Sunday morning reading it and commenting,

  571. SIPP-ing

    I think I need to have a lay down. I don’t know why I am on here. I keep having conversations with myself. 😐

  572. It's gorgeous!

    http://www.independent.ie/life/travel/world/vibrant-st-vincent-31058785.html

    I can’t help but feel a little smug. Just a few hours have passed since I landed on the Caribbean island of St Vincent, but I’ve resisted the lure of cocktails on the beach to partake in a bootcamp session. Instead of sinking a sundowner, I’m swinging a kettlebell up to the sky, which is slowly morphing into a vibrant shade of pink.

    The fact that I’m the only person doing it should have rung alarm bells.

    Charlotte, the resident trainer at Buccament Bay Resort, is leading me through a series of squats and lunges, while a backdrop of craggy, volcanic peaks looms behind us. As we finish the final round, I can almost feel the lapping of the ocean on my toes. My mind wanders, pondering what cocktail would be best to celebrate my epic workout.

    “Great job! Now, we’ll start with five reps of each, 40 seconds a go,” sings Charlotte. Turns out, my ‘workout’ was actually a warm-up. Pretty soon, my face is the same pink as that vibrant sky, and it’s not long before I admit defeat, collapsing in a heap on the ground. Buccament Bay isn’t your typical Caribbean resort. It ticks all the standard boxes, of course ­­­- the white sandy beach, the pretty villas dotted with plunge pools and a bar serving frosty beers on the shore. But it’s also the place for those who get bored after 10 minutes on a sun lounger.

    As well as Charlotte’s bootcamps and classes, there’s the Pat Cash Tennis Academy, soccer classes run by ex-Premier League players like John Barnes, and coaches from the West Indies Cricket Board… if cricket is your cup of tea.

    With all that exertion at your disposal, it’s just as well that the food is top notch. Buccament Bay is an all-inclusive resort, but it serves food that you actually want to eat, rather than bland, endless buffets. There are four à la carte restaurants, ranging from an authentic Caribbean joint to a New York steakhouse, and sushi and sashimi at its beach bar with platters of fish so fresh they practically quiver.

    I’ve been told that I can’t miss Chef Murphy cooking up a storm on the beach, so I make it my business to save some room for lunch. It’s a good call. I hear the chef before I see him – his rip-roaring cackle makes me jump, unsure if someone is laughing or screaming. I find him standing behind a giant barbeque, honking with infectious laughter as he serves up platters of ribs, chicken and pork.

    “This is where I’m happiest!” Chef Murphy shrieks, slathering sizzling chicken with his infamous BBQ sauce, made strictly to his grandmother’s recipe.

    There’s life beyond the resort, of course. In terms of landscape, the volcanic peaks of St Vincent feel a million miles from the flat, preened islands you often find in the Caribbean. Instead of endless resorts clogging the shore, for example, you’ll find rickety beach shacks.

    Wherever you go, peaks of deep, luscious rainforest surround you, and I’m itching to get out and explore. To do that, I arrange to meet a local guide, who ushers me into his Jeep for a drive into the mountains to the Vermont Nature Trail (nationalparks.gov.vc).

    “Don’t worry about the machetes,” he calls from the front seat, as we pass a man swinging one idly on the roadside. “They’re all farmers.”

    The trail weaves through 10,870 acres of preserved rainforest, towering with ferns, bamboo and monkey goblets – a parasitic vine that smothers the tree beneath, leaving a hollow mass of roots soaring towards the sky. The ground is littered with colourful jumbie beads and hibiscus flowers, which the native St Vincent parrot finds difficult to resist.

    We stand silently at the parrot lookout, eyes trained skyward in an effort to spot one of these elusive ‘Vincies’. Just over 500 of the birds remain on earth, and they’re as fiercely protected as they are devilishly tricky to spot.

    We’re told to keep our eyes peeled for vibrant yellow tails, and for birds flying in pairs – the Vincie mates for life, and rarely strays from its partner. After a heavy dash of rain, we’re finally gifted with the sight of a pair, who flutter into our eyeline for just a few scant seconds before disappearing back into the thick growth of the forest.

    Afterwards, we make our way back down to Buccament Bay. Pulling in, a score of young fisherman walk up to the beach, ready to see out the day with a well-earned swim and a game of football.

    That’s the refreshing charm of St Vincent and this luxury resort – locals are as welcome on the white sands as guests, something that is depressingly rare in the world of five-star escapes.

    Back at Buccament Bay, I lie back on my lounger as the sun dips, leaving the beach filtered with a sepia glow. My days of bootcamps and collapsing on the tennis court are behind me, and I’ve finally rewarded myself with a cocktail… spiked with a hefty dose of Caribbean rum.

    Before me, a teenage couple flirts in the surf. The fishermen are playing around a makeshift goal, sending streams of water flying into the air. A lone kayaker drifts along the horizon, silhouetted by the dimming light. I think about how a view doesn’t get much better than that.

    WHAT TO PACK

    As well as the usual beach fare, be sure to pack your runners and workout gear. It’s difficult to resist the active lifestyle when you’re on St Vincent. You don’t need any vaccinations, but a good insect repellent is a must for the balmy evenings and rainforest.

    GETTING THERE

    Fly to Barbados via London with British Airways (ba.com), taking a connecting flight to St Vincent with LIAT (liat.com). Prices from Dublin start from around €1,066pp return, based on travel in June. An international airport is due to open on St Vincent this year, which may speed up the travel time.

    WHERE TO STAY

    Tropical Sky (tropicalsky.ie) offers a seven-night holiday in a one-bedroom garden villa at Buccament Bay Resort (buccamentbay.com) from €1,859pp. The price is based on two people sharing on an all-inclusive basis and includes all transfers and flights from Dublin.

    THREE MUST DOS

    What to eat

    You don’t want to leave this island without sampling some of its traditional staples. Roasted breadfruit is the traditional dish of St Vincent & The Grenadines… and surprisingly, it’s not unlike Ireland’s humble spud. Order it with a side of fried jack fish, tack on a Hairoun beer, and you’re practically a local.

    Day Trips

    Most hotels on St Vincent can organise boat trips to the Grenadine islands, where you can swim in deserted waters or explore the millionaire’s playground of Mustique. If you have to pick just one, try the “moonhole” at Bequia, a natural arch that is perfect for snorkelling. See: discoversvg.com

    Insider Tip

    If you like calypso and soca, you’ll love Vincy Mas, one of the hottest festivals in the Caribbean. Starting at the end of June, the wild party is an explosion of dancing, music and skimpy costumes. The 2015 event takes place from June 26 to July 7 (Mardi Gras). See carnivalsvg.com for more.

    Irish Independent

  573. SIPP-ing

    “leading me through a series of squats and lunges, while a backdrop of craggy, volcanic peaks looms behind me” YUP sonny boys, sums up what you’ve got coming. And if its so enjoyable….how come you have time to write this Dave, anonymous and Tall Storey heh And how much did you pay the Indy to print. Listen readers, subscribe to a proper travelogue if you want honest reporting. Yes….. I have been there, and a few other (sewage free mind) places to compare.

  574. SIPP-ing

    Hah bogus SIPP-ing, flattery indeed-TY, but the know who you really are sweetie x

  575. press trip?

    Sounds like Nicola had a freebie press trip to BB and made the rest up from guide books.

    WARNING Do not snorkel off Moonhole under the arch!

    And it’s cutlass love not machete!

  576. SIPP-ing

    Oh dear “but the know who you really are sweetie x” Im all confused now. My grammar has gone along with my marbles.

  577. KST

    So mote it be.

    We feel there is a simple solution which involves Mr Ames (as director of the Harlequin companies) signing a statutory declaration declaring that the companies are solvent using standard accounting principles.
    We feel that this would clear matters up and draw a line in the sand.

  578. Boaz

    The FSCS are valuing at “nil”, which is the key thing for redress.
    The solvency issues is more dangerous because trading while insolvent causes all manner of issues.

  579. Anonymous

    There is no Pat Cash Academy at BB, its Pat Cash Tennis Club.
    There are not four a la carte Restaurants…Bamboo has been closed since 2013. HQ can hardly be considered a Restaurant.

  580. Grip or token

    Great Architect of the Caribbean can’t sue the British Government and must stop upsetting Bro. Mark Neale. We take a very dim view of that.

  581. Anon

    “That’s the refreshing charm of St Vincent and this luxury resort – locals are as welcome on the white sands as guests, something that is depressingly rare in the world of five-star escapes.”

    Really ???? Locals are welcome hmmmmm lol

    Fishermen playing football on the beach ?????? You couldn’t make it up. I mean perfect harmony.

    “Before me, a teenage couple flirts in the surf. The fishermen are playing around a makeshift goal, sending streams of water flying into the air. A lone kayaker drifts along the horizon, silhouetted by the dimming light. I think about how a view doesn’t get much better than that.”

    “There are four à la carte restaurants, ranging from an authentic Caribbean joint to a New York steakhouse, and sushi and sashimi at its beach bar with platters of fish so fresh they practically quiver.”

    Four à la carte restaurants ????? You have an Indian, jacks, the Bar come Restaraunt and the fourth ???? Oh yes the bamboo, which is still closed.

    Looks like the resort is getting less then
    £ 80 a night pp.

    “Fly to Barbados via London with British Airways (ba.com), taking a connecting flight to St Vincent with LIAT (liat.com). Prices from Dublin start from around €1,066pp return, based on travel in June. An international airport is due to open on St Vincent this year, which may speed up the travel time.

    Tropical Sky (tropicalsky.ie) offers a seven-night holiday in a one-bedroom garden villa at Buccament Bay Resort (buccamentbay.com) from €1,859pp. The price is based on two people sharing on an all-inclusive basis and includes all transfers and flights from Dublin.”

    With figures like this Ames has huge problems.

    Ames says he is owed £ 48 million quid on completions (the 70%) that means that £ 68 million is the GDV. Ames owes £ 13.6 million of this in guranteed returns.

    With these kind of rates based on 80% occupancy Ames will gross c £ 7 million quid a year, he will owe £ 6.8 million quid in guaranteed returns, leaving £ 200,000 to run the hotel for a year.
    Or £ 4 per person per day to feed, house them, pay staff costs and operational costs, based on 80% occupancy..

    The HP supporters hate having the figures analysed and with good reason, not only is Harlequin insolvent now but moving forward it gets worse based on the figures being quoted.

  582. SIPP-ing

    Good post. One point though, this Ames is owed stuff. He’s owed nothing- £40,million is still missing (not inc the £200 mill skimmed) and he’s defaulted.

  583. Anon

    “Most hotels on St Vincent can organise boat trips to the Grenadine islands, where you can swim in deserted waters or explore the millionaire’s playground of Mustique. If you have to pick just one, try the “moonhole” at Bequia, a natural arch that is perfect for snorkelling. ”

    No sweetheart the moonhole ain’t perfect for snorkelling, it’s good for diving though. Moonhole is a private Eco development. Would not recommend snorkelling there, unless you would like some raw sewage stuck in your snorkel pipe.

  584. Anon

    SIPP-ing I know, I’m just basing this on Ames own figures.

  585. SIPP-ing

    Good, I’m glad some of us have a grip- rugby’s on now. Got the result yesterday but can look and dream of yesteryear today eh!

  586. SIPP-ing

    Going to watch the Rugby then down to the M5 services to pick a fight with someone. Testosterone will be up. Let’s see if I can find an old lady to batter. I’m so tough me.😐

  587. Anonymous

    Moonhole/raw sewage. Did Paddy do the drains there?

  588. SIPP-ing

    M4 old trout, another fly I’ll have to re-tie sucker.

  589. SIPP-ing

    Yes I definitely need to re-tie my fly. Must stop this flashing at the old ladies otherwise I will get a sucker.

  590. SIPP-ing

    Naw – zip it- catch it and eff off crying. Cash investor eh, Jealous and evil minded.

  591. St George's Dragon

    @ Anonymous March 15, 2015 at 12:27 pm
    “Bit repetitive this shitty forum, even the Barbadian monkeys that run it will be bored soon.”
    A piece of helpful advice. People in the Caribbean do not much like being called monkeys. Here, it is known as racism and frowned on, as it is, of course, in the UK.

  592. SIPP-ing

    Quite and on that note I’ll unsubscribe. Gosh they’re so short of meaningful contributions they’re even copying me, that’s sad eh. Bys

  593. SIPP-ing

    What I mean is I will unsubscribe as SIPP-ing but I will reappear as something else.toodle pip for now 😐

  594. I'll tell me Mum

    I see Ingham is posting again, such a tough guy, lets Ames take his money and does nowt about it. The big fat softy.

  595. I'll tell me Mum

    Ingham is ‘far’ or soft – please explain I don’t speak dislexsick.

  596. I'll tell me Mum

    Who is Erics?

  597. Anon

    Anonymous suck it up?

    We would not even have these threads if Ames his family and UK sales staff were not such ignorant thieves.

    On the one hand we have Ames and his family grovelling to investors and begging them to join a trust which prevents them from pursuing him and his family until he is at least 70, by which time Matt will be at the helm.

    On the other hand you have Ames lying to the FSCS about the solvency of his companies.

    I have it on very good authority that the Hon. Ralph Gonsalves is facing insurmountable international pressure on the issue of Ames, his intransigence in cooperating with the authorities in itself speaks volumes, he is hoping that he wins the next election, otherwise he will lose his diplomatic immunity and may find that he becomes the first leader of a country to be prosecuted by the SFO.

    Ralph’s political opponents will only be too happy to pack him off to the UK given his behaviour towards those same opponents.

    Expect an announcement soon from the powers that be.

    Funny given Carols love for her grandchildren, the legacy the Ames family will leave through out the Caribbean will be lasting indeed, something even her grandchildren will be embarrassed about.

    Given Carols age, I doubt she will leave prison in anything but a box. Along with her husband.

    But her grandchildren will be able to read about their grandmother and grandfather and indeed their parents. Because this fraud will be read about for years to come.

    Dans wife will certainly be filing for divorce, and I doubt Nicolas husband will care to travel to the UK to visit Nicola in HMP my guess is he will take custody of the kids.

    Dans inlaws will never welcome him back into the fold.

    And others too will face the wrath of the law, Wooler will surely miss her little man for a while, Tricker will miss all her horsey friends, Geddes won’t need to worry about IT in HMP, Abrams will be kissing his little bundle of joy goodbye for a while, doubt that marriage will survive, maybe he can retire to a kabutz when he has done his time, Regan and Terry may well get a job flipping burgers when this is over, Spector is someone who won’t be a loss to the legal profession in the UK, and no NDA will protect him. Dalligan and Stenning, well they will carry on doing what they have always done when they are released, Stenning following in his families business of criminality and Dalligan, well he will never learn, churning out second hand dodgy motors in Essex. And then we have Taylor, his good looks will attract some unwanted attention behind bars.

    Then we have the proceeds of crime act, ouch Campion may become personally responsible for the money laundered through Harlequin Developments, in addition to the insolvent trading nature of that business as identified by James Albert Baker.

    It does appear that most of those referred to above are wholly oblivious to the unfolding situation that is about to slam into them.

  598. Anonymous

    Foreign nationals cannot be prosecuted by the SFO.

  599. Anon

    Anonymous 6.22 pm, Boy have you got that wrong, you have got that so wrong.

  600. Anonymous

    Foreign nationals as in residing in a foreign country. Foreign countries can request assistance from the SFO but the SFO have no jurisdiction in foreign countries. Hence the statement about the first leader of a country to be prosecuted by the SFO is rubbish.

  601. The Grand Geomatrician

    Anon – a good synopsis.

    The solvency update from Ames has opened up the issue. This week will see things take a turn for the worse.

  602. The Grand Geomatrician

    Ps – redress is flowing.

  603. Anonymous

    Is this the same “slam into them” scenario that has been muted on here for the last two years? Not happened yet has it.

  604. Anon

    Anonymous on March 15, 2015 at 6:46 pm

    You are getting a little bit confused, you are confusing companies with induviduals. Ralph Gonsalves PM of St. Vincent is facing prosecution in the UK for aiding Ames in his little venture. Whether he will turn up in the UK or not is anyone’s guess.

    Ames has been under investigation for the past two years or more, we will soon see the fruits of the investigation.

  605. St George's Dragon

    @ Likes to give but cannot take! March 15, 2015 at 4:45 pm
    “St George, don’t be so sensitive [monkeys] was meant to mean a moron not racism.”
    Don’t worry, I am indeed “sucking it up”.
    I suspect Harlequin’s staff at Buccament Bay and Blu and others who are Harlequin supporters in the Caribbean like Ralph Gonsalves might not be so keen on your terminology, though.

  606. Lead with the left foot

    For the good of our brethren.
    Mr Ames (as director of the Harlequin companies) signing a statutory declaration declaring that the companies are solvent using standard accounting principles.
    We feel that this would clear matters up and draw a line in the sand

  607. The Ames problem.

    Redress the final solution.

  608. Anon

    Anonymous on March 15, 2015 at 6:46 pm
    Foreign nationals as in residing in a foreign country. Foreign countries can request assistance from the SFO but the SFO have no jurisdiction in foreign countries. Hence the statement about the first leader of a country to be prosecuted by the SFO is rubbish.

    Just to correct you, it’s the SFO who can request the assistance of foreign governments, authorities etc. If the Hon. Ralph Gonsalves loses the upcoming election there are those who are currently in opposition who will be more than happy to personally escort Mr. Gonsalves all the way to Cockspur Street in London.

    For one Vinette Fredericks.

    You sure as heck have no understanding of Island politics.

  609. Anonymous

    International collaboration
    Our International Assistance team deals with requests for assistance from overseas courts and prosecutors. We have assisted many overseas authorities for a number of years.
    What can we do to assist you?

    In cases of serious or complex fraud, overseas prosecutors and investigators may ask for our assistance to obtain information in the United Kingdom. Our powers allow us to obtain documents, interview witnesses (but not under oath) and restrain assets.

    What powers do we have to help?

    We have compulsory powers, under section 2 of the Criminal Justice Act 1987, which enable us to:

    require any person (or company/bank) to provide us with any relevant documents, including confidential documents. Note, however, that we cannot use Section 2 to obtain documents to which legal professional privilege attaches. A lawyer can, however, be required to give the name and address of his client.
    require any person to answer any relevant questions, including questions about confidential matters. The same position regarding legal professional privilege applies.
    We normally use these powers by serving a notice on the person concerned. The notice states a date by which the action should be carried out. However, if necessary, a Section 2 notice can require immediate action.
    If a person fails to comply, if it is not possible to serve a notice, or if we have reasonable grounds to believe that serving a notice would seriously prejudice the investigation, we may apply to a court for a warrant to search their house or business premises and seize the documents. However, before granting a search warrant, the magistrate needs to be satisfied that we have considered all other ways of obtaining the material. This means that your request must set out the facts in such a way that the conclusion is that a search warrant is the only way to recover the documents. A search warrant cannot authorise the seizure of documents covered by legal privilege.

    Who may ask for assistance?

    The United Kingdom accepts requests for assistance from overseas criminal courts or tribunals, overseas prosecutors, or any other overseas authority which makes requests for assistance in criminal cases.

    Who can we not help?

    If you live abroad, or have been defrauded by people overseas, you need to contact the law enforcement agency where the fraud occurred for help.

    Notice the bit “ask for our assistance”
    And no Im not confusing companies with individuals.

  610. Fourth part of a circle

    The masonic response will come tomorrow.

  611. Anon

    Anonymous, Ames is being investigated as a UK domiciled national for alledged criminality originating in the UK. Yes with overseas elements.

    I will try and explain this as simply as possible.

    You are talking about the SFO being called in to look at potential overseas criminality by other governments sometimes involving a connection with the UK.

    In this case, the allegation of criminality is based out of the UK, yes Ames will argue as he did in the RL case that all his companies are outside the jurisdiction of the UK with the exception of HMSSE and ASOL.

    In the case of HMSSE he will deny that he was party to the decision making process, the authorities will try prove that he was a shadow director, once they have him on that and the fact that he is domiciled in the UK, (there is a big difference between domiciled and resident), and given that the majority of his victims are UK based, along with the fact that the vast majority of the fraudulent sales were conducted in the UK and let’s not forget even Ames appears not to argue the issue that many fraudulent sales were made in the UK, given his unequivocal support for the actions being taken by the FSCS and FOB against IFA’s and Agents. Then this becomes primarily a domestic criminal investigation by the SFO, however for evidentory purposes the SFO do need the information from the RDC’s in order to give them the fullest picture,

    The SFO instigated the investigation, not some foreign government or authority, this is a domestic investigation.

    However if anyone from any other jurisdiction is implicated in the criminality, or in aiding and abetting Ames in any way, then they too will face prosecution in the UK, if they reside in a country that has no extradition treaty with the UK or don’t volunteer themselves to travel to the UK, then the prosecuting authorities in the UK will have to explore any avenues they have open to them to have those non nationals returned to the UK to face trial.

    There are hundreds of migrants jailed in the UK for crimes committed in the UK and when they serve their respective sentences some who have no legal staus here are deported back to their country of origin.

    There are non nationals who have committed crimes in the UK who have then absconded, sometimes back to their home countries, some of whom have been extradited back to the UK to face justice.

    Yes the SFO does not have a remit to investigate non domestic serious financial crime, or serious financial crimes committed by non UK nationals or companies, and where the victims of those crimes are not UK nationals or domiciled, the fact that the SFO is investigating Ames should clearly demonstrate that they are very much of the view, that a potential crime or crimes have been comitted and that they have the remit to investigate and prosecute these crimes.

  612. Anonymous

    But not to prosecute a foreign resident. “The first leader of a foreign country to be prosecuted by the SFO” is what you originally stated. I’m glad your last paragraph agrees with me and you accept you were wrong. Cheers.

  613. Anonymous

    @ Anonymous on March 15, 2015 at 8:25 pm

    Anon is correct, you are confusing assistance sought from the SFO by foreign courts and prosecutors with domestic criminality where investigations have been instigated by the SFO.

    And as Anon has quite clearly pointed out it is the SFO who instigated the investigation against Ames.

    The International collaboration is a team within the SFO that deals with requests from foreign courts are prosecutors were investigations have been instigated in foreign jurisdictions.

    This is totally seperate to domestic investigations where the power of the SFO domestically is far greater.

    Surely you understand what you yourself have posted, see below.

    “International collaboration
    Our International Assistance team deals with requests for assistance from overseas courts and prosecutors. We have assisted many overseas authorities for a number of years.
    What can we do to assist you?”

  614. Anonymous

    Of course overseas courts can ask for assistance. The original assertion was that “the first leader of a foreign country to be prosecuted by the SFO” Perhaps you don’t understand what I have written. Assistance does not mean the same as prosecution.

  615. Anon

    Anonymous 10.27 pm, sorry you are still not getting it. My last para does not imply that a foreign national even the PM of St. Vincent if implicated in a fraud perpetrated by Ames will not face prosecution in the UK.

    Anyone foreigner or otherwise implicated in the Fraud perpitrated by Ames will face prosecution in the UK if the authorities can extradite them,

    Your opinion is wholly wrong, seriously if what you are saying is correct we would have a thriving business of fraud bring perpitrated against UK nationals by foreigners setting up dummy UK companies in the knowledge that they could never face prosecution in the UK.

    Grow up.

  616. They have no clue

    Anonymous, Anon is right get over yourself.

    If the PM has aided and abetted Ames and Ames is prosecuted in the UK for fraud against UK nationals then the PM will also face prosecution here.

    Whether the PM comes over here well that is a different matter.

    Or as was pointed out if he loses the election Im sure the opposition would gladly hand him over.

  617. They have no clue

    Anonymous 10.36, the SFO are not assisting anyone with investigating and potentially prosecuting Ames, they are the ones who initiated the investigation, they are seeking assistance not assisting. Big difference.

  618. Anonymous

    Nice to see the discussion has defended into anti HP thuggery again. Grow up, get over yourself. Tut tut, you believe what you want. At least try and understand between yourselves who is supposed to be assisting whom. Hoho. And just to be clear, it is not the opposition who would/could hand him over, it’s the judiciary. Perhaps it’s you “who has no clue”

  619. Anonymous

    Anonymous 10.55 pm you really have no idea how small island politics works. If the opposition came into power they would hand their nemesis Mr. Gonsalves over in a heart beat.

  620. How many months before Gonsalves flees to either Venezuela or Cuba
    and asks for political asylum?

  621. Pay Back Time

    Heh Dave, Dan and especially Carol, pay backs going to be a bitch, but boy are you guys so deserving of it.

    We was asked was what we are doing worth it, absolutely totally, we are just sorry it has taken this long. But yeah it was worth it.

    Taking scum like you three off the streets is always worth it.
    No more pathetic lies, I hope those you drag down with you remember you for a very long time…………

  622. Perpendicular

    Oh Dave, your second Gerald Ratner moment; and both involve the FSCS.

  623. Anonymous

    Quite funny analogy that. Rather was actually telling the truth about his products. You obviously thing DA is telling the truth also. Well done.

  624. Perpendicular

    Quite funny, lets ask him to prove it!

  625. Sid

    If somebody owned a solvent company and it’s reputation was being badly damaged by speculation that it was insolvent when it wasn’t, why wouldn’t the owner of that company publish evidence to prove categorically that it wasn’t trading insolvently? What would be the gain of not producing this evidence?

  626. Sunshine

    Sorry change of subject. If I hear that Harlequin investers have invested in an unregulated product and lost their money, I might consider shooting myself.

  627. Little Legs.

    Hello Sid,
    Just imagine if the FSCS asked him to prove it? That would be tricky for example was insolvent……

  628. repossession at a pace

    @Sunshine

    Yes but the advice for the SIPP was regulated, or you could sue you scum agent.

  629. Anon

    What a total joke.

    We can all see Ames has been running two resorts, is apparently attracting visitors (through deal sites), and is barely making any money (as per the minutes put out by RL and our own assumption that he’s getting the bargain hunters). He has failed to deliver on the vast majority of his contracts and is now crying about how the FSCS have misrepresented his companies.

    What Dave doesn’t tell you is that James Baker sated that the companies are insolvent. Insolvency doesn’t necessarily mean a lack of cash flow (which of course Anonymous will try and scare you with – “the resorts are receiving record bookings” blah blah blah). You can be insolvent even if you have money coming in – IE if you have a building mortgaged, your occupancy is never going to meet the interest repayments, you’re insolvent. It means you have to sell some assets to get liquidity back (IE scale down for the short term).

    Dave also won’t tell you where his “finance” is going to come from.

    Remember, he needs finance to continue building. Dave keeps telling us this. This is where the insolvency issue is best demonstrated – if he needs external finance to continute construction, and does not have access to that resource, his projects are insolvent. IE they cannot meet their outstanding liabilities (contracts in breech). He will have to sell some of the assets in order to create the funding himself.

    A distinct lack of both progress (wasn’t H Hotel meant to be started by now? Oh wait…. that was finished. Was meant to be finished), and external financing is nothing more than whispers in the wind, we can finally state that Harlequin is on its death bed.

    The FSCS have made a public expression of their opinion that Harlequin is unable to honour its contractual obligations. I don’t know the inner workings of the FSCS, but if I were a highly public body with affiliations with some of the most revered financial institutions, I would not make rash decisions based on specific cases. The FSCS is an impartial & objective organisation, and they will have, therefore, come to their conclusions themselves.

    The update from Harlequin, yet again, seemingly demonstrates Ames’ apparent summation that the vast majority of the victim base having no grasp on reality, and is frankly insulting. I rue the day when the Ames rabble appear before justice to receive their just desserts.

    And remember – Ames recommended Holkham, likes his “trust” and has lied through his teeth about the “banking glitch”, “home improvements”, “SFO closing the case” etc etc.

    If you’re a cash victim, make your own informed decision about the company. Request financial data pertaining to your specific resort (how much is required, how much is there, where is the rest coming from). Without this most base of details, you should do nothing.

  630. Sid

    Hello LL, I’m sure that day will come….and probably soon, if it hasn’t already of course.

  631. A look at the accounts

    We have had a look at the accounts produced by Ames and shown by RL in the DD and frankly they are a work of fiction, we are surprised that James Albert Baker is an accountant but soon he will have to answer to the right people. Nice try Dave, was it really worth it ???????

  632. James Baker

    I did what was asked of me potato head.

  633. Anonymous

    Nope Jim needs to have a look at his witness statement again, he has no excuse, he can’t say Dave told him, and isn’t it sad that Dave thinks the builder is behind his demise, Dave’s demise is for reasons Dave knew would come out in the wash eventually.

    Well I suppose one could say had Ames not lied through his teeth about the builder, and then to his investors, the SFO, the FSCS, etc. that all would be well now. Not really because if Ames had been truthful his companies would have closed a long time ago.

    The problem with lying is that you have to maintain consistency, if you can’t it all starts falling apart.

    Ames is going down, and the speed of his demise has reached break neck speed, yet the idiots close to Ames seem oblivious to their plight, they believe that Ames will pull this off, everyone one of them with the exception of two people, Simon Terry and Carol Ames, Carol Ames who will lose what’s most precious to her, her Grandchildren, ( first we had Matts divorce, now Dan and Nicola fast approaches, there is no way that Dans in laws will allow Carol access to her grandkids, especially with a criminal record. And Nicola’s inlaws will never expose her kids to the trauma of seeing Mummy locked up in the UK, never mind letting the kids see Granny again.)

    But that’s what you get Carol for trying to destroy thousands of others lives, you reap what you sow.

    You and your husband have lied to investors on an almost constant basis, through your fictitious updates. In the hope that you both along with your son will not be blamed for the farce you all operated.

  634. Anonymous

    How can DA have lied to the SFO . He has never been interviewed by the SFO. How has the speed of his demise reached breakneck speed? You do speak some garbage.

  635. It's goregous - redux

    http://www.dailymail.co.uk/tvshowbiz/article-2997089/Mark-Wright-Michelle-Keegan-results-pre-wedding-workouts-luxury-break-Caribbean.html

    Mark Wright and Michelle Keegan show off the results of their pre-wedding workouts during luxury break in the Caribbean

    They’re preparing for their big day, so Mark Wright and Michelle Keegan are probably in need of some rest and relaxation.

    Before they tie the knot and have what will no doubt be a no-expenses spared honeymoon, the couple jetted off for a pre-wedding break in the Caribbean last week.

    Former TOWIE star Mark has been posting stunning photos of the couple’s sunshine getaway on Twitter, labelling the holiday as ‘paradise.’

    Mark and his Coronation Street actress fiancee stayed at a luxury 5-star resort on the island of St Vincent.

    Clearly the two enjoyed their travels with Mark tweeting a series of snaps from the holiday, while labelling the Buccament Bay Resort as ‘best gaff in the Caribbean #fact’.

    One photo sees Mark giving Michelle a piggy back around the resort as the sun sets.

    The Essex boy shows off his athletic body in a pair of lime green swimming shorts as he flashes a big smile for the camera.

    The results of Michelle’s intense pre-wedding workouts can be seen as she holds onto her fiance and give a big thumbs up.

    In another picture shared by Mark, the actress can be seen sipping on a colourful drink as she wanders around their home away from home.

    Dressed in a pink and green cover-up and flip flops, the stunning star piled her brunette hair into an up do as she enjoyed the sunshine.

    Mark meanwhile seems to have a penchant for bright swimming trunks, posing in both a green pair and a yellow.

    The Take Me Out: The Gossip presenter was clearly missing the resort as he tweeted alongside the pics: ‘I love you @buccbayresort you will be missed !! #untilnexttime.’

    Mark and Michelle are thought to be getting married this spring after getting engaged in 2013.

    The couple are reportedly choosing not to wed in either of their home towns of Stockport and Essex respectively, instead selecting a grand Tudor mansion in Suffolk for their venue.

    The manor they are thought to have picked is called Hengrave Hall is in the small town Bury St Edmunds and boasts 350 acres.

    They are reportedly due to tie the knot in the church of St John Lateran, right by the main hall where their family and friends will stay and celebrate with them.

    And in keeping with most celeb nuptials, according to The Sun Mark and Michelle have received funding from a glossy magazine with a deal believed to be worth over £1 million.

  636. Anon

    You can fool some of the people some of the time but not all of the people all of the time.

  637. 4th part of a circle

    Redress is the only game in town.

  638. Anonymous

    Anonymous how the hell would you know if Ames had been interviewed by the SFO or not?

    And as for the piece in the daily mail, “best gaff in the Caribbean”, says it all, wonder who paid for that holiday. Must also prove that the Resort is solvent.

  639. Crowd Funding

    Each and ever day we receive more redress. The train is rolling. We don’t need Ames.

  640. Ames is irrelevant now

    The numbers are staggering. We are overjoyed.

  641. Anonymous

    So how may people have actually been redressed so far?

  642. This is how we do it .....

    A few hundred. 98% win rate. #nice

  643. Anonymous

    I made it up, I guessed, I work for the SFO. Or perhaps I am DA. Do you really think I’m going to tell you.

  644. Anonymous

    98% seems like an odd percentage. Why were 2% turned down? And have they all been SIPP claims so far?

  645. Anonymous

    Yes Anon 6..13, you are right. The FSCS are independent and they have made their own decision. They have said that HP is nor insolvent. It’s good you have reiterated this. Thanks.

  646. Anonymous

    @ Anonymous 9.26 pm if you were Dave Ames why should we believe you now, you have not told us the truth in the past, and if you are representing the SFO then perhaps you can tell us the case is dropped.

  647. This is how we do it .....

    2% execution only.

    Rest are clean as a whistle.

    #nice

  648. Concerned about Harlequin, write to me!

    Mark Neale
    Financial Services
    Compensation Scheme
10th
    Floor
Beaufort House
15
    St Botolph Street

    London EC3A 7QU

  649. Anonymous

    sorry if i sound stupid but what does execution only mean? and of the 98% success rate roughly what is the split between sipp and remortgage?

  650. This is how we do it .....

    Anon, don’t you be worrying about that.

    All you need to know is that we don’t need your jibber jabber.

  651. Anonymous

    Anonymous 9.45 pm given Ames’ recent protestations that his companies are not insolvent, all this has done is to trigger an avalanche of correspondance to the FSCS by a number of parties with proof that Ames’ companies are insolvent, this includes analysis of some very dodgy Caribbean accounting.

    Yes this information could be classed as coming from enemies of Ames, but let’s be realistic here, most of those Ames has come into contact with could now be classed as enemies of his.

    Thousands of investors have chosen the redress route and there is now solid evidence that the accounting produced by Ames and James Albert Baker is nothing more then a complete act of fiction.

    Unless of course Ames will accept that he took in excess of £ 650 million in deposits, because that is what the act of fiction states, when analysed.

  652. Anon

    “Yes Anon 6..13, you are right. The FSCS are independent and they have made their own decision. They have said that HP is nor insolvent. It’s good you have reiterated this. Thanks.”

    If you think Harlequin are solvent, it’s your choice. FSCS has made up their mind without you.

    I personally believe Harlequin’s investment RDC’s (not the resorts Ames built with other people’s money) to be insolvent. I don’t know the balance sheets for BB and Blu, so unless you work at Harlequin and can get access to them, you won’t either. Therefore, whatever you or I write is but speculation. What is a fact is that each RDC has contracts weighted against it. These contracts contain refund clauses which can be invoked through a case, and eventually statutory demand. This creates a liability from an accounting perspective, balanced against the only asset of land, leading to insolvency.

    Since Harlequin is a string of these independently owned companies, the FSCS must have determined that each RDC in relation to the cases they’ve awarded has become insolvent

    Notwithstanding that they might not even be able to build certain resorts (Merricks etc), I find it bemusing how certain individuals (Storey and Anonymous) cling to Ames link a lost dog. Amazing to think these people actually once held positions of responsibility in society.

  653. Let's all email the FSCS hierarchy

    May I suggest that every investor email the senior management of the FSCS and ask why it is they have stated that Ames’ companies are not insolvent as per Ames’ pronouncements.

    If you wish to contact the non-executive directors, please email sharon.hoye@fscs.org.uk

  654. Ames to sue the FSCS????

    @Let’s all email the FSCS hierarchy
    What a good idea consider it done.

  655. Anonymous

    @Anon 10.22, all I did last night was reiterate what Anon 6.13 (probably you) said. Of course you then went to type and became a typical anti HP thug with your pathetic individual comment. Has the concrete dust got to your brain?

  656. Anon

    @Anonymous 9:11am

    My apologies if you felt my reply “thuggish”.

    You obviously support Harlequin. Who would not to be impressed by the CGI brochures and other marketing material. No one can fault the marketing/sales aspect of the business. Indeed, as I alluded to in my reply, Harlequin seem – in the most part – to be running the existing operations relatively well (although that relativity is dependent on who you ask).

    The problem with Harlequin is actually very simple. Harlequin made promises to every single one of their “investors” (your term) which was to build their revenue-generating room (10% returns guaranteed) by a particular date (the deadline). To date, only Buccament Bay has had any significant progress made (Blu was a refurb, not a new construction).

    Harlequin have used the “builder” line as the reason why this progress could not be made. Constant references to “Paddy” are a demonstration of this.

    Ames proceeded with litigation against Mr O’Halloran in 2013 and was awarded a favourable decision. Although this decision is under appeal, it demonstrated that $1.6m was misappropriated by him. Investors (your term) understand this, and have been very patient awaiting the outcome of the legal proceedings. However, the idea that pursuing these proceedings to right the situation is incorrect.

    Out of £440m that Harlequin took in, they spent ~£100m on Buccament Bay. They spent £1.4m on Harlequin Air, and spent more on the different resorts. No problem in itself.

    The problems begin when you appreciate the numbers, and how they’ve been used. For example, the underlying principle of the Harlequin model was to use the constructed units as a way to raise leveraged capital (apparently Ames has $200m assets in the Caribbean which was based on the red book valuation), so the rest of the units could be constructed. This was always the plan (investors would receive virtual mortgage etc etc), but thus far has not been forthcoming. Indeed, in order for this model to work, Harlequin actually have to have a financial partner, which again has not been forthcoming.

    The entire Harlequin operation was based on 30% down, with the remaining 70% balance being raised by Harlequin, and deducted from the returns to investors to service the debt. This, again, was acceptable to every investor (your term) who signed their contract – the understanding that by finding the 30% deposit, they’ll wait until the deadline, and then have a virtual mortgage to pay the balance. This virtual mortgage would still provide them with the 10% guaranteed returns, alleviate the interest obligations, and allow them an appreciating asset in the Caribbean. They would be then free to sell the unit, or at least work on the premise that it will deliver much higher returns after their mortgage has been serviced.

    If this model were to work, Harlequin have to build all the units they prescribed, as to provide as much security for a financial partner. With the numbers from Harlequin’s RL spreadsheet (IE including inefficiencies etc), you could argue that you’d expect at least 3 Buccament Bay’s to exist today (£330m) for the money Harlequin had been paid.

    Unfortunately, Harlequin decided to spend 50% / ~£250m on up-front commissions for their sales team. Instead of using industry commission structures (paying over time), the company paid on gross sale value, thus causing a huge shortfall (70% of the balance was yet to be forthcoming). This is a similar situation to the credit crunch (sub prime mortgages), and is not sound economics.

    This shortfall might have been acceptable to some. An attempt to correct it (by selling some land, giving investors the chance to own equity etc) might have been appealing. However, what we have instead is a combative, bestial attitude from all and sundry.

    Ames blames not only the builder (who misappropriated $1.6m), but also his former accountants. The case is yet to be decided, but Ames has put emphasis on the $70m he claims he was left out of pocket. Put this into comparison with the £250 he spent on commissions, and you can begin to see why many investors (your term) are sceptical of any progress from it.

    This is on top of the many different “misunderstandings” Ames has yet to correct:

    – The interest payments stopped by “banking glitch”
    – The SIPP funds changing their policy to “hold onto more funds”
    – The SFO stopped investigating
    – The FSCS supports his trust
    – RL “ambulance chasers”
    – $200m of assets (which is not true – this figure was based on phase 3 being constructed at BB)
    – HMSSE buying property in Dubai
    – Directors’ loans from HMSSE not being paid back

    Whilst many would call the misunderstandings “lies”, you could argue that Ames has simply misunderstood the situation, and is a genuinely looking out for investors’ interests.

    The contention is here. You seem to think the misunderstandings are no big deal, but unfortunately, they translate into how the Harlequin model will continue to function (IE how to achieve returns). This is important.

    By denying that Harlequin / Ames has done anything wrong, you affirm that the Harlequin model would have actually worked before the misappropriations occurred. You affirm that Harlequin would in fact be able to complete all of its resorts – if not with its own – then with a financial partner’s money. You affirm, by virtue of the Harlequin model, that the investors who have the deadlines on their contracts would have already had their unit completed, and would be receiving their 10% guaranteed return. This is yet to happen.

    Time and time again, Harlequin has failed to deliver on what it promised, and yet individuals, both on here and within Harlequin, seem to think nothing has been done wrong. They don’t appreciate that out of the £440m, only 1/4 was spent on BB (there were at least another 5 resorts), 2/4 was spent on commissions, and 1/4 was spent on other unrelated things.

    So now we have Ames apparently claiming the FSCS did not call his companies insolvent. I don’t know why they replied to Ames personally, because there is no “Harlequin” to which they mention. There is HHR based in the Caymen islands, but I don’t think any investor paid monies directly to this. There are of course the RDC’s, but they didn’t offer the products. They were paid by HMSSE. So to whom are FSCS referring when they mention “Harlequin”?

    In conclusion, Ames took £440m, is running two resorts, and is stuck to make progress. He has failed on his promises (not failed in running the resorts). People are angry that he used their money to make a nice little business for himself. People need their money back or returns. Neither of these are forthcoming, and is why there is a strong negative feeling towards Ames on here, further exacerbated by the constant window-dressing of the issues at hand.

  657. Anonymous

    £440m or “in excess of £630m” Let’s make up a figure eh.

  658. Anon

    Anonymous 11.03 am, exactly that’s what Ames appears to have done as in make up a figure. Or figures.

    Having conducted a thorough analysis of the BCQS GDV valuatuon coupled with the various accounts produced in the various court cases, the James Albert Baker witness statement and associated appendices JBA 1,2,3 etc and along with copies of numerous contracts that were provided to us, it is quite apparent that the figure of £ 400 – £ 440 million deposits paid, quoted in the RL Due Diligence is grossly understated.

    Based on the figures todate provided by Dave Ames the amount paid in deposits is in excess of £ 630 million.

    The anaylisis of the accounts produced by Dave Ames also demonstrates that the witness statement produced by James Albert Baker is WRONG in many respects. Whether this was a deliberate act or the act of a grossly incompetent accountant will be determined later.

    The only way that the figure of £ 400-£440 million quoted in the RL Due Diligence can be correct is if (a). BCQS over stated the valuation of Buccament Bay by providing a manifestly false document designed to mislead those who would seek to rely on it or (b). That Dave Ames provided BCQS with false fraudulent documentation in order to mislead those who would seek to rely on it. Or (c). Both BCQS and Dave Ames conspired to produce a false fraudulent valuation for the purposes of deceiving those who would seek to rely on it.

    We would like to take the opportunity to thank all those who provided us with all the relevant information even though some were putting themselves at risk from attacks and threats from Ames, his family and his lawyers, who have thrown their ethics hand book out the window.

    All those who provided information did so in the hope that Ames, his family and staff members would be brought to justice.

  659. Anonymous

    Are you incapable of answering a simple point with a simple answer rather than something which is longer than a chapter in War and Peace. Bored to death now.

  660. Anonymous

    Anonymous 2.10 pm, most people are very interested in understanding the Ames business model, if you are bored to death with this then move on, stop making comments on subjects which bore you, and let others decide for themselves.

    If you are bored by all this and do not wish to impart any information you might have on Ames and Harlequin that might help others aside from your continuous snide sarky comments, then why not just leave us be.

  661. Anonymous

    “Snide, snarky comments?” Now is it? Don’t like being questioned do we. Well you have proved one thing, the RL DD was inaccurate as was claimed by DA. And I am bored to death with your long winded answers, not by subjects which are posted on here. You couldn’t even get that right.

  662. Ames to sue the FSCS????

    Being bored by truth and facts, painful. Some people refuse to believe long or shots posts about the truth.

  663. Anon

    Just to clarify, I wrote the long post about War and Peace. I use the “Anon” name to confuse you. I only go off what I’ve seen (IE £440m taken).

    “RL DD was inaccurate as was claimed by DA.”

    DA can claim what ever he wants. At least the Regulatory Legal due diligence was forthcoming.

  664. Anonymous

    Anonymous I think you questions were answered comprehensively and you seem to miss the point, The figures being quoted are from Ames directly and his valuations, but you carry on shooting your mouth off, my guess is the info posted on here is being sent to those who matter, oh yes of course, your take on this, is that the SFO are not or never will do nothing😉

    Dream on

  665. Anon

    I work at Regulatory Legal, too

  666. Anon

    I worked for Ames too.

  667. What exactly is your point

    Anon has clearly pointed out that they do not believe the figures in the RL DD are correct, and you are making the exact same point so finally you agree on something.

    Anon has already demonstrated that the GDV value of Buccament Bay is c £ 900 million if memory serves me correctly meaning c£ 230 million in deposits taken, again these figures from Ames and BCQS.

    This means that if the RL figures are correct then c 7400 contract holders paid an average deposit of £ 23000 on the remaining 7400 properties. A tiny sum indeed, and a figure you have to agree cannot be correct.

    Therefore yes the RL DD is wrong, because the BCQS report was produced with information provided by Ames therefore it has to be beyond question.

  668. Anonymous

    You don’t confuse anyone. RL can be forthcoming about what they like. Especially using confidential correspondence for their own ends, I.e. Insolvency vs solvency. Funny I’ve been on the RL books also lol

  669. Anon

    So anonymous are you now saying that the insolvent nature of Ames’ companies is confidential, but that this confidential information, is / was the subject of some sort of an NDA lol, Dave go argue that point with the Police lol, this takes the biscuit lol.

  670. SIPP SIPP SIPPING

    Whether Harlequin is solvent or not does not affect my SIPP claim; so frankly I don’t give a dam.

  671. Sunshine

    Contract holder compared to investor can you explain the difference at sometime in the future?

  672. Pedantic Bob whines on with lol here and a LOL there

    @Bob Storey and all your many HP keyboard personas
    Please give your mouth and fingers a rest

  673. Anon

    There are 9100 contracts. RL believe that there are c 6100 “investors”. But this figure may not include many if not all those “investors” from the U.S.

    The accounts we have suggest that there may have been far more then 6100 induvidual investors, furthermore there is more than one company owned by Ames which is a party to the contracts.

    There seems to be no accounting for the US monies, and no accounting even though Ames had a company registered in the US.

    The actual number of investors may never be known.

    When we refer to contact holders, We are also referring to those investors who may have purchased multiple units across multiple resorts and companies.

    For example;

    Investor A purchases two units, a unit at BuccBay and a unit at Two rivers. These are two different companies, two different resorts, so investor A has two seperate contracts and is a contract holder with two legally distinct and seperate companies.

    It is technically wrong to state that there are 6,100 investors in “Harlequin” There is no such thing as “Harlequin”.

    And whilst we acknowledge that some investors may have invested in more then one unit in the same resort and not withstanding this it is for the reasons above that we refer to contract holders as opposed to investors.

    If anyone can put a figure on the number of US investors this would help greatly.

  674. Anonymous

    Anon, there you go again. Who mentioned a NDA? Lol You do like to exaggerate things don’t you. Lol Confidential and NDA do not mean the same do they. Lol x 2

  675. Anon

    Anonymous we are fully aware of a whole heap of absolute fiction produced by Ames for the purposes of litigation which Ames considered confidential and had various parties sign up to NDA’s as a result.

    Regardless of the NDA’s we have obtained copies of much of the information covered by these NDA’s and before Ames and Spector jump up and down with excitement it has to be pointed out that both Ames and Spector have breached the NDA’s including those we speak of.

    Richard, Dave cheers for the information much appreciated.

  676. Anonymous

    Anonymous 6.29 pm, do you like making an idiot of yourself lol Ho ho lol * 2 etc, it does you or Ames no good.

    Confidential and NDA are two very different things. Ames could pass confidential information onto third parties, there is nothing to prevent those third parties from passing this confidential information onto others, unless of course this confidential information is covered by an NDA which is a seperate and distinct agreement not to share the confidential information.

  677. Anonymous

    Off you go again. Jeeeez you do like the sound of your own keyboard. “FSCS does not consider “Harlequin” insolvent,as was incorrectly stated in a letter to a small number of claimants”
    See no NDA but the FSCS referring to “Harlequin” . But if a “claimant” wants to publicise a confidential letter to the outside world that is up to them. Especially when there is 15% to be earned.

  678. Anon

    Anonymous 6.57 pm

    You are quoting from an Update from Ames, where by he produced a number of paragraphs he claims formed part of correspondance he has had with the FSCS, I say Ames but if it wasn’t him it was someone employed by one of his many companies.

    None of us know or can verify that these so called extracts did indeed come from the FSCS, none of us have proof of this. Let’s not forget that it was Ames who originally stated that the FSCS stated that to obtain redress from them you had to join the trust, and we know now that was a bare faced lie, yet Ames stated this in an update. So why should we believe him now.

    Ames has also stated in the past that he has been taken out of context, so why not produce the entire communication from the FSCS just on the off chance that Ames might have taken the FSCS statement out of context.

    And if Ames has provided information to the FSCS which might prove that his companies are not insolvent, why not share this important information with the wider world, afterall Ames has always stressed the importance of being transparent and has stated that he intends to be far more transparent going forward.

    Few if any with the exception of yourself are willing to accept a few extracts in an update as being factual given Ames’ track record.

  679. Anonymous

    Anonymous 6.57 pm, if the FSCS write to a claims management company or their clients stating that they are willing to pay redress to a number of clients, what the hell do you think the claims management company will do with the information.

    Of course, if the FSCS have the issue of the solvency of Ames’ companies all wrong then presumably the redress payments will stop.

    Also if Ames has been wronged by the FSCS, why does he not pursue them for damages ?, or if it is your contention that RL published a confidential document between investors and the FSCS, why doesn’t Ames pursue RL for damages on the basis that RL knew the information to be confidential and RL did nothing to check the veracity of the what you seem to consider absurd and wholly inappropriate claims about Ames’ companies by the FSCS.

  680. Dave and his second Gerald Ratner moment

    I have sent the Harlequin update to Mr Neale at the FSCS, just incase it could have been taken out of context.

  681. AMES THE FAILURE

    Everyone is sick of Ames and his obsessive lies, it’s over; he has failed again.

    However, this time he has failed not only in businessmen, but as a husband, father and grandfather.

    That’s a pretty good failure rate Ames, your dad would be proud of you😉

  682. Anonymous

    Ah SIPP-ing aka countless ids is back. Totally pointless thuggish post. No doubt your dad would be proud of you, do you have a dad for each of your personalities?

  683. Sunshine