Tag Archives: Harlequin Investment Fund

Harlequin Property to make refunds to disgruntled investors: or so their lawyers say.

Harlequin & David Ames: Ponzi Scheme House of Cards?

Harlequin & David Ames: Ponzi Scheme House of Cards?

“Some investors asked for refunds, but in some cases were told up to a third of their deposit would not be repaid because it has been spent on commissions to sales agents and would be paid back over one to two years.”

“Harlequin is not authorized and regulated by the FSA, meaning there is no Government-backed protection for UK investors.”

What if everybody wanted their money back now?

Man oh man! 30% commissions paid to sales agents? No wonder the ‘investment counselors’ push Harlequin! 30%!!!

Here’s from Echo News and you should go their website to read Resort developer “to pay back cash” but you know we have to print the whole story here in case the Echo News story disappears like before times…

Resort developer “to pay back cash”

4:00pm Friday 14th December 2012 in Local News By Jon Austin

A SOUTH Essex-based Caribbean luxury resort developer hit by delays has confirmed it will pay back some investors.

Harlequin Property, based in Honywood Road, Basildon, says it will return any cash they are entitled to.

Nine investors are involved in court claims filed against Harlequin at the East Caribbean Supreme Court to get back deposits and compensation plus damages for alleged misrepresentation by the firm.

It comes as the Echo can reveal the business has been probed by the UK finance watchdog the Financial Services Authority. Continue reading

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Filed under Barbados, Barbados Tourism, Consumer Issues

Stunning new allegations about Harlequin Resorts: misuse of investors’ funds, auditors refuse to sign off

Barbados Free Press issues Invitation to Harlequin Resorts

The investors’ insider website Harlecon.net published a Valentines edition that is a stunner. Surely somebody from Harlequin Resorts or the Government of Barbados can and will refute what is being said?

Barbados Free Press makes this offer to Harlequin Resorts and the Caribbean governments that have partnered with Harlequin:

The website Harlecon.net published extremely serious allegations against Harlequin Resort companies and the management. Should Harlequin Resorts or the partnering governments wish to reply to the allegations or make any other statements to our 2 million visitors a year, Barbados Free Press will publish the responses – unedited, exactly as submitted and feature them prominently without editorial comment.

Harlecon’s Valentine allegations against Harlequin Resorts

  1. Harlequin Resorts failed to file audited statements in UK and the Caribbean.
  2. Harlequin’s auditors are refusing to sign off on previous years accounts for Ames’s Caribbean companies.
  3. Banks and main stream financial institutions have walked away from the Harlequin Investment Fund.
  4. Ames Lied on oath with regards to having the funds to cover the completion mortgages.
  5. The Caldora “Harlequin Investment Fund” launched on Feb 10th 2012 “hope to make substantial loans available to Harlequin through the fund, subject to the fund being subscribed, in return the fund will take a legal charge over the different Resorts… So whether you can afford to pay for your own property outright or you are in a position to arrange your own mortgage Caldora will be given a first charge over the Resorts including your property.”
  6. Harlequin is using investors’ funds to outfit the Buccament Bay restaurant facilities, yet the investors have no stake.
  7. Barbados Government is not allowing Merricks Resort to build as close to the cliff as previously stated by Harlequin. As a result a great number of villas – sold and unsold – no longer exist. Many buyers are still unaware that what they purchased will never exist.
  8. Barbados Government still withholding full permissions for Merricks Resort.
  9. Merricks Resort has been sold below construction cost.
  10. H Hotel – Barbados project is running into many problems. Advertised April 2012 opening date has no relation to reality. Money raised through the sales of rooms in this hotel will now not cover the escalating construction costs.
  11. At Buccament Bay Harlequin is using investors’ funds to outfit the restaurant facilities, yet the investors have no stake.
  12. Occupancy Levels at the Buccament Bay Resort are some 25-30% BELOW average and this is including all the Harlequin construction staff staying at the Resort.
  13. Harlequin agents are informing prospective buyers and investors that the Buccament Bay Conference Facilities will open in July 2012, but construction hasn’t yet started.

Remember Folks… These are only allegations made by the anonymous blog Harlecon.net, so take them with a grain of salt. Do your research and make up your own minds about Harlequin and everything else.

We’ll be watching to see if Harlequin Resorts launches any lawsuit against Harlecon, and if the Harlequin companies or involved governments make any statements on the matter.

Full story and many more allegations at Harlecon.net

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Filed under Barbados, Business & Banking, Consumer Issues, Economy, Offshore Investments