Tag Archives: Harlequin Thailand

Harlequin house of cards continues to fall

Dave Ames Harlequin Ponzi

David Ames – Harlequin CEO and Ponzi Scheme King!

Where does one start when considering the sad tale of ‘investors’ who trusted their life savings with the predators working to sell never-to-be-constructed resort units for Harlequin?

These predators (called ‘financial advisors’) received 9 percent of the sale price off the top – and that came from the client’s 30 percent deposit! The clients were not told that about a third of their deposit was going as a sales commission, because that would have been an instant indication to most folks that something was terribly wrong.

Harlequin bastards. Most of the ‘financial advisors’ were unregulated, uninsured and totally unqualified. The ‘investment vehicles’ were different corporations in different countries – obviously created for the sake of confusion, hiding money and avoiding liabilities. Often Harlequin sold units on land that it did not own.

The scams could only have been pulled off with the cooperation of elected and appointed government officials in the different countries.

Harlequin’s ‘business model’ (I use the term with a rising anger) was totally unsustainable and is proof that the whole Harlequin scheme was an intended scam from the start. Like any Ponzi scheme, Harlequin collapsed because payments to previous investors relied upon finding sufficient new suckers to swindle. Once the cracks start to appear and new investors shy away, these types of frauds unravel very quickly.

And so it was, and is, with Harlequin…

UK Financial Ombudsman Service sides with Harlequin victims

The recent Financial Times Advisor article ‘Financial Ombudsman Service – FOS decision on Harlequin must be tip of iceberg‘ tells the story of the next chapter well. One of the profiting scam artists, Harris Knights, has been ordered to compensate a ripped off couple in full…

“… the ombudsman has ordered Harris Knights to take ownership of the Harlequin investment and compensate the couple in full.”

Thailand Court sides with Harlequin Victims   
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Filed under Barbados, Crime & Law, Offshore Investments, Real Estate

Finding Dave Ames’ hidden assets: in Thailand!

Thailand Harlequin Resort Ames

Thailand asset hunt helps secure Asset Freezing Court Order against Dave Ames

Did Richard Haughton hide cash for David Ames?

Primary amongst the big questions asked by fleeced Harlequin investors is “Where did all that money go?”

Thailand-based investigative journalist Andrew Drummond believes he might have found the trail to some of the missing assets – in Thailand companies associated with Richard Haughton, a friend and business partner of David Ames.

How likely is it that when Harlequin took some £500 million in cash that the silver-tongued Ames didn’t squirrel some of that away for himself? Not likely, most folks would say – and Thailand looks good for some of it.  Continue reading

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Filed under Barbados, Barbados Tourism, Consumer Issues, Offshore Investments

Report: David Ames and Harlequin under investigation for dodgy condo project in Thailand

We wondered why the hit-o-meter was going wild from the UK on our Harlequin articles and then we discovered the reason why: a bunch of Brits purchased condo units in Thailand from Ames / Harlequin

and… and…  Guess what?

Money gone, no condo…. that’s what!

One has to wonder just when this house of cards called Harlequin will finally run out of people willing to trade their cash for a promise that never arrives…

Is Thailand’s Attorney-General Moving Against Dodgy Developers?

Emerald Palace Visited By Police – Sensation

A controversial condominium project in Pattaya linked to a British company, which has taken billions of pounds for property projects, which have never been built, in the Caribbean and Thailand, was yesterday (Wednesday) visited by police and Pattaya Consumer Protection Officers.

Emerald Palace on Pratamnak Hill, Pattaya, initiated by David Ames of the British company ‘Harlequin’, could be described to have been raided but that may be stretching things. The visit was long overdue.

The project is a classic study on how foreign property companies in Thailand can rip off unsuspecting clients.

First of all some buyers, mainly British, but also some Russians, a Canadian and other nationalities, were sold units and were never even allocated one.

Secondly all the remaining buyers found that, when they came to occupy their rooms in the project which came in three years late, they had all been mortgaged to Thailand’s Kasikorn Bank. (One buyer found that his allocated unit was in fact occupied by the mistress of a bank official.)

And thirdly the original sellers, the people who took the cash, quietly removed themselves as directors.

And their company, which actually owns the project is not the company with which the buyers were actually dealing.

Emerald Palace was initiated by David Ames of Harlequin U.K. based in Basildon , Essex. Ames is a formerly bankrupt ex-double glazing salesman.

Read the rest of the story at Andrew Drummond’s blog.

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Filed under Barbados, Crime & Law

Journalist: Harlequin Properties’ David Ames worked with Danish pimp / thief in Thailand rip-off development!

Video documents rip offs of U.K. military veterans and retirees

Barbados Central Bank Governor says he’s relying on Mr. Ames for foreign direct investment inflow!

Ladies and gentlemen: the mongoose has just entered the chicken pen. If this is true (and who are we to doubt David Ames himself on video in Thailand?) then our leadership should be doing some serious tap-dancing. Our Central Bank Governor just informed the world that Barbados is basing our growth expectations in part on Harlequin’s Merricks development. Woe! Oh woe!

Six years ago the Pattaya People Media Corporation began heavily promoting Harlequin Property and Thailand Property and Media Exhibition Company Ltd.

Now it has become clearly obvious that Harlequin run by Essex former double glazing salesman – turned bankrupt – David Ames, and taken over in Thailand by Richard Haughton, a former President of the Rotary Club, Pattaya Jomtien, has caused untold misery to, well, thousands.

In this video we look at how their development projects were promoted on local television, the real victims, and how a media baron reacted when he was asked to step in.

… from former Daily Mail investigative journalist Andrew Drummond: Video Exclusive: CROSSING THE LINE

Somebody remind me… how did we as a nation expose ourselves so completely to a fast-talking, former bankrupt, double glazing salesman from the U.K. ???

My god… if this is true, what have we done?

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Filed under Barbados, Consumer Issues, Offshore Investments, Real Estate