Troubled overseas property company Harlequin has issued High Court proceedings against its former accountant Wilkins Kennedy seeking damages of £40m for professional negligence.
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Matthew Ames, son of troubled overseas property company Harlequin's chairman David Ames, has been jailed for 40 months for cheating investors out of £1.6m via an elaborate Ponzi scheme.
The Financial Services Compensation Scheme (FSCS) has said its investigation into the viability of investor claims against major Harlequin distributor TailorMade Independent is ongoing.
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Matthew Ames, son of troubled overseas property company Harlequin's chairman David Ames, has been found guilty of two counts of defrauding investors.
Matthew Ames, son of troubled overseas property company Harlequin's chairman David Ames, has been accused of running a £1.6m "Ponzi scheme" under the guise of saving the rainforest, a court has heard.
Harlequin Property's flagship resort Buccament Bay has been hit by violent flooding after torrential rain fall in St. Vincent over the Christmas period which left one resort staff member dead.
A trust designed to safeguard the assets of investors in troubled overseas property company Harlequin is on course to be set up by the end of January 2014, the company has said.