Tag Archives: Harlequin Property

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

BDO quits as Harlequin Property auditors – says Harlequin directors failed to provide information to BDO

“We have not been given significant information by the directors to enable us to ascertain whether or not appropriate progress has been made.”

… statement by BDO Accountants upon resigning as Harlequin Property’s auditors.

Harlequin Property Duck

Harlequin Property walks like duck

What’s that saying about a shoe fits? Or is pig with lipstick? Or if it walks like a duck with shoes and lipstick?

I kind of forget, but I’ll bet there are many old sayings that apply right now – like fools and money…

Harlequin Property auditor quits

Harlequin Property, the UK-based overseas property sales agent that is at the centre of a Serious Fraud Office (SFO) investigation, has lost its second auditor in under three years.

Accountants BDO has filed a public resignation at Companies House saying it can no longer act as auditor for Harlequin Property, according to the Brentwood Weekly News.

The firm is being investigated by the fraud office and Essex Police following complaints from investors over delays. It has sold more than 6,000 off-plan holiday properties across six Caribbean resorts, taking in more than £300m, but so far built around 300. Continue reading

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Filed under Barbados, Consumer Issues, Offshore Investments

Hello USA Today readers!

USA Today links to Barbados Free Press story about Harlequin’s Buccament Bay Resort

For the second time in the last few months a Barbados Free Press story is featured at USA Today’s website so we’re saying “hello” to a few hundred new visitors who wouldn’t normally drop by. The Harlequin lawsuit against Irish contractor Padcraig O’Halloran is gathering a whole lot of interest here at BFP and around the world and a good measure of that interest is fueled by allegations that Mr. O’Halloran stole money to keep a woman happy.

We have two articles posted about the case… Continue reading

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Filed under Barbados, Crime & Law, Offshore Investments, Real Estate

Buccament Bay intrigue: Harlequin’s star witness a fraud?

Harlequin Property CEO David Ames is alleging that Padcraig O’Halloran, Managing Director of the ICE Group, diverted “significant sums” of project funds to O’Halloran’s girlfriend.

According to the Irish news media, Harlequin’s star witness is Mr. O’Halloran’s former employee, “Trisha Young”… but a Miss “Trisha Devoni-Young”, a financial controller for Cable & Wireless, was once charged for theft and fraud.

Is this the “Trisha Young” that Harlequin is relying upon for evidence or is it another Trisha Young? Numerous anonymous emails to Barbados Free Press suggest that this is the same person. Are they correct? Continue reading

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Filed under Barbados, Business & Banking, Ethics, Offshore Investments

Buccament Bay Resort: Harlequin alleges fraud, unsafe materials use against Padraig (Paudie) O’Halloran, ICE Group & Femme Fatale

O'Halloran

Merricks Beach Resort developer says O’Halloran stole funds to woo woman with jet set lifestyle!

It’s quite a story coming forth in Caribbean and Irish courts. Harlequin Property CEO David Ames is alleging that Padcraig O’Halloran, Managing Director of the ICE Group, diverted “significant sums” of project funds to O’Halloran’s girlfriend. Diamonds, chartered jets, a home at Sandy Lane, Barbados – apparently nothing was too good for Suzanne Floyd, or so say the court documents.

Sorry folks, but I love it when the Gulfstream crowd self-destructs via over-spending, over-indulging or that old standby, a femme fatale.

A former employee of Mr O’Halloran’s, Trisha Young, said in an affidavit the “key motive behind the siphoning off of funds was to continue to enable his beloved girlfriend Suzanne Floyd to live her lavish lifestyle”. Continue reading

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Filed under Barbados, Business & Banking, Ethics, Offshore Investments