Tag Archives: Dave Ames

Harlequin’s David Ames disobeys court order, fails to give evidence in court. What now for investors?

David Ames - Harlequin's Ponzi King

David Ames – Harlequin’s Ponzi King

TLW Solicitors are here to help on a no-win no-fee basis

contributed by TLW Solicitors

Following recent reports of the Harlequin Properties’ headquarters going up for sale and the company’s chairman David Ames failing to give evidence in court, those who have lost out financially through the scheme are assured that they may still be entitled to compensation.

The Harlequin Property company was set to build 6000 luxury properties in the Caribbean, financed by deposits from UK investors. With only 300 of the properties actually built and the Harlequin Group having gone into liquidation, thousands of investors have been left in debt.

Rip Off Britain

The BBC’s consumer affairs programme Rip Off Britain investigated Harlequin Property for a second time earlier this year, after an initial broadcast in 2010. Although some early investors had been able to claim back their money, the returning of more recent deposits has been ruled out by the company since it entered liquidation.

Around 3000 UK investors are thought to have been involved in the Harlequin investments scheme. Chairman David Ames blamed the problems on the 2008 global recession and claims to have been let down by developers.

Recent evidence suggests the Harlequin case has been flawed from the start, with suggestions that it never owned much of the land it intended to build properties on, and a business model that relied wholly on continued foreign investment. (BFP Editor’s note: It’s called a ‘Ponzi Scheme’. We’ll say it, even if TLW Solicitors won’t.)

Investigations into Harlequin hotels & resorts

Harlequin Property has been subject to an ongoing investigation by the SFO (Serious Fraud Office) since 2013 and two warnings by the Financial Services Authority (FSA).  Continue reading

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Harlequin victims hit with new lawsuit from Guardian SIPP

Abandoned Harlequin H Hotel is a testament to Barbados politicians' greed and incompetence.

Abandoned Harlequin H Hotel is a testament to Barbados politicians’ greed and incompetence.

Many “investors” in Dave Ames’ Harlequin ponzi scheme lost everything they had and more. Many of the gullible mortgaged their homes to “invest” in Harlequin, and relied upon the promises of Harlequin’s sales representatives. But the sales people knew that no legitimate investment could afford to pay the commissions that Harlequin was paying it’s representatives.

Now after losing everything, Harlequin victims are set to lose even more as Guardian SIPP is suing the investors for non-payment of the fees related to their self-invested personal pension.

Who is to blame for the mess?

Start with David Ames – but lined up with Ames should be the Government of Barbados, that allowed Harlequin companies to get away without oversight, accountability, annual filings and statements for the entire time. And our Government allowed Ames to acquire and start projects with zero oversight or consideration as to whether Ames had the means to finish those projects. As a result, the ‘H’ Hotel and Merricks projects look like bombed out disaster sites that are a testament to the greed and incompetence of the Bajan political class. Another Barbados property investment disaster that sends the wrong message to the world.

It’s fine to say that Ames and his crooked friends are responsible – but they couldn’t have done it without the wholesale purchase of willing politicians in Barbados and throughout the Caribbean.

Professional Adviser: Guardian sues Harlequin investors over SIPP fees

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Will the Harlequin Resorts debacle explode in 2015?

David Ames - Harlequin's Ponzi King

David Ames – Harlequin’s Ponzi King

The numbers tell us one giant truth: From the start Harlequin was set up as nothing less than a Ponzi scheme requiring a constant influx of new victims to keep everything going.

Consider these numbers…

– Total “deposits” by victims: US$800 million

– Percentage of “deposits” paid as salary and sales commissions: 50%

– Percentage of “deposits” used to pay interest to earlier “investors”: 22% (estimated, see below)

– Number of units sold: 9,114

– Number of units built: 230

It might be worth Ames and his merry band of supporters considering to remain silent throughout 2015.

To do so would reduce if not eliminate the anti-Harlequin responses no matter how articulate and factual they may be, given that the anti-Harlequin posts in the main are merely responses to the incessant nauseating, repulsive litany of lies emanating from Harlequin and their supporters in their never ending quest to justify “at best” the gross incompetence and abject failure by the Ames family and staff of Harlequin to operate their businesses in a proper manner.

The constant need to allay the blame for the failures of the Ames family and management at Harlequin at the door step of others demonstrates that the Ames family and management of Harlequin are in serious trouble.

And that summary is giving Ames and his cohorts far more benefit of the doubt than the facts say they deserve. The only reason I can think of that they haven’t been arrested as yet is that the Serious Fraud Office has been overwhelmed by the planned worldwide chaotic nature of the fraud through only god knows how many different companies, coupled with legal contracts bearing so much fine print, inter-jurisdictional references and available outs for the criminals.

The resorts will most probably never get built, not in the lifetime of many of the purchasers victims.      
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Harlequin’s H Hotel: Latest photos of an eyesore that spoils Barbados

Harlequin Barbados Disaster 39

Harlequin Barbados Disaster 500

by St George’s Dragon

As promised I went to take a few photos of the Harlequin H Hotel today.

The site has obviously suffered less than Merricks, presumably because it is in a more populated area. It looks as though it was secure until fairly recently, although when I went it was possible to walk straight in from the boardwalk side of the site as someone has ripped the site hoarding door off its hinges.

There are still a few items of plant and materials on site, although nothing of any great value.

Such a shame. So many people have lost money just to create an eyesore that spoils Barbados.

A lovely view for the tourists from the beach boardwalk!

A lovely view for the tourists from the beach and boardwalk! Click photo for larger view.

Editor’s Note: The exposed rebar is salt-drenched and rusted, with salt-laden water dripping down into the concrete. How long before no self-respecting structural engineer would approve further work? Has that time already arrived? Do we have an architects or engineers out there to comment?

More Photos… 
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Harlequin fraudster: Matthew Ames jailed 40 months in fake carbon credits scam

“Ruined lives, pensions destroyed, homes lost. Suicides. Marriage breakups. Families falling apart as the work of a lifetime vanishes.

That is the legacy of Harlequin’s Matthew Ames, who was just convicted of fraud for running a ponzi scheme. Ames took £1.2million from the rich, from the poor, from widows and pipefitters. He was an equal opportunity swindler who dressed well, talked with such easy confidence that people immediately trusted him.”

… from BFP’s February 13, 2014 article Harlequin’s Matthew Ames guilty of ponzi scheme fraud.

Will father David Ames follow son to jail?

Matthew Ames

Matthew Ames

We were a little low in our previous estimates as it turns out that Matthew Ames defrauded investors of £1.6 million, some £400,000 more than thought – but hey, what’s a few pennies between friends?

The son of Harlequin’s Dave Ames was sentenced to 40 months in jail, which seems a short sentence considering that many of his victims are sentenced to life in poverty and despair.

It took about 3 years to bring Matthew Ames to justice, but that is quick considering the ongoing disaster of Harlequin Resorts created by Dave Ames and other ne’rdowells.

Further enjoyment:

Conman who used James Middleton to promote his bogus rainforest protection scheme is jailed

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Harlequin’s Matthew Ames guilty of ponzi scheme fraud. Will father David Ames be next?

Matthew David Ames FraudDave Ames Harlequin Ponzi

Throw away the key to Matt Ames’ cell…  Wait a minute, let’s use it one more time!

Kate’s brother – James Middleton, right, at the carbon trade exhibition in London October 2010

Kate’s brother – James Middleton, right, at the 2010 carbon trade exhibition. Matt Ames also oversaw Harlequin’s Buccament Bay

Ruined lives, pensions destroyed, homes lost. Suicides. Marriage breakups. Families falling apart as the work of a lifetime vanishes.

That is the legacy of Harlequin’s Matthew Ames, who was just convicted of fraud for running a ponzi scheme. Ames took £1.2million from the rich, from the poor, from widows and pipefitters. He was an equal opportunity swindler who dressed well, talked with such easy confidence that people immediately trusted him.

His product was topical, sexy in its own way: carbon credits, green investments, Forestry for Life. And didn’t he drive a Lamborghini? Wasn’t he also part of the Harlequin Resorts team? Isn’t his father successful? Just look at the people Matt Ames is seen with: Jack Charlton, and even James Middleton – brother of our future Queen.

“Out of the £1.6m that was invested across both companies, only £250,000 was ever returned to investors.

“The rest went directly into the pocket of Matthew Ames, funding his profligate spending habits.”

Ames used people with “impressive CVs” to promote Forestry for Life and give it a sense of legitimacy.

From Echo News Echo nabs £1 million fraudster

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UK’s Serious Fraud Squad investigating Harlequin: Any information welcome!

Harlequin's The Merricks in Barbados. The reality does not match the sales pitch!

Harlequin’s The Merricks in Barbados. The reality does not match the sales pitch!

by Peter Binose

Investors in Buccament Bay Resort are the closest to luck as one can get when wishing for luck for their investment from a company that promised everything and gave very little to very few.  But as luck goes it may be running out even for the Buccament investors.

Those that have invested in Harlequins different projects through like sounding Harlequin companies around the world, have only had bad luck.  They have put their money in to what they thought were rosy investments.  Many were encouraged by island politicians and governments, many of which had been warned of impending problems with Harlequin, yet went ahead and promoted them in such a way that now brings  disgrace to those small and even large nations. People have lost life savings and retirement pensions with help from these government ministers and governments. Continue reading

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