Tag Archives: Merricks Resort

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

Harlequin hidden videos posted on YouTube?

Hidden camera and microphone in construction helmet?

Folks, I’m not sure what we have here. If I had to make a guess I’d say that in some of the videos, and from the head-high angles of the shots and the restricted view, that someone put a video camera in a construction helmet. The camera and the lens must have been very small. In one of the videos a woman is seen with a camera, so maybe I’m mistaken about the hidden helmet camera – I don’t know much about that sort of technology. Have a look for yourself. In earlier videos a Brit narrator mentions he’s making a video.

As I post this, I haven’t looked at all the videos, and I haven’t listened to what people are saying. Some of the videos were posted twice on YouTube, but we’re linking to only one of each.

If there’s no mystery to these videos, what’s with all the blacked out sides? Why did someone send us the links?

Here’s a list, the dates posted and the links. Let’s see what our readers can come up with… what do you see? What is important about these videos? What is different in the videos than what is being currently advertised about these projects? What are the Harlequin employees and construction workers saying? In one of the videos, a person with a Brit accent is narrating what he sees.

As a starter, I don’t see much different from the videos of the H Hotel site from three months ago and now… but then again, what do I know about construction?

March 19, 2012 – Harlequin Head Office Barbados

March 19, 2012 – Merricks Barbados – Site visit Continue reading

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Filed under Barbados, Business & Banking, Offshore Investments

Mortgage my home to invest in Harlequin? Let me think about that Mr. Ames…

“People are still investing every week with Harlequin throughout the Caribbean”  (Harlequin Chairman David Ames)

This differs from a “Ponzi” scheme in what way?

(Mr. and Mrs. Curious and Curiouser, Birmingham)

Dear BFP,

We used to think that Harlequin “investors” were big shot rich people. After watching Harlequin Chairman David Ames in this video we’re sure that a good portion of them are ordinary retirees who worked hard and were persuaded to mortgage their home to ‘invest’ in a dream. We hope they get out what they put in.

When we watch this video it is difficult not to think of the word “PONZI” as Mr. Ames launches a convoluted explanation of how this business model is “very affordable”. (“Very affordable for whom?” we have to ask Mr. Ames.)

We think what he’s doing is paying the “investors” so he can use their good names to obtain funds for building, but if no profits are coming in, aren’t the first “investors” being paid with money coming in from later investors?

How is an “investor” different than a “partner”? Mr. Ames says the “investors” are “partners”. Does that mean that their “deposit” is not in escrow because it is an “investment”?

After watching the video three times, we swear we can’t figure out exactly what the “investment” model is all about. It could be that we’re just too stupid to appreciate the business model and benefits for two retired teachers from Birmingham.

Harlequin Chairman David Ames Posted on YouTube January 16, 2010…

“People are still investing every week with us throughout the Caribbean”

(Starting at about 1:15 in the YouTube video…)

“What happens is, we ask our investors to raise 30% of the property price. Let’s just say they invest a hundred thousand pounds, what we look for them to do is to raise 30% of that which is thirty thousand pounds. Now let’s just say that cost them in a mortgage or a loan, let’s just say two hundred and fifty pounds a month. Well, what we then do… we actually pay that money back to the investor so the time during the build, it doesn’t actually cost them a penny out of their own bank. We’re actually, the project, the resort, is paying for those payments for them.

And why would we do that? If you think about it, that Harlequin is a partner with our investor because Harlequin actually owns the resort. So what happens is, when we’re letting out their room – renting their room, we actually share the percentage of the money from that room.

So for example with our investors they receive fifty percent of the room rate after the second year. So what happens, for every hundred pounds our investor gets fifty and the resort gets fifty…”

That sounds wonderful to us Mr. Ames, but we still have this question:

If there are no rooms yet built, and there are no room rental revenues: where is Harlequin getting the money to “pay that money back to the investor so the time during the build, it doesn’t actually cost them a penny out of their own bank.” as Mr. Ames says?

Is the money coming from new investors, and always more and more investors are required to keep the pot large enough to “pay that money back to the investor so the time during the build, it doesn’t actually cost them a penny out of their own bank.” ????

This differs from a “Ponzi” scheme in what way? We’re not making a statement. We’re asking a question and we can’t figure it out.

Yours truly,

Mr. and Mrs. Curious and Curiouser
Birmingham

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

Is this the brutal truth about Harlequin’s Merricks project in Barbados?

The following as posted at Harlecon.net simply cannot be true. We await comments and information from Harlequin.

“So finally Harlequin have embarked on their eagerly awaited build program. Having sold in excess of 1000 properties in Barbados since 2006 at their much publicised Merricks resort, the plans for the next 12 months are set out below;

A total of three units.”

… from the HarleCON.net story The Current Status of the Projects, Is there really a future?

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Filed under Barbados, Barbados Tourism, Offshore Investments