Harlequin Property update: FCA urge investors to seek advice

Update Harlequin 150pxThe Financial Conduct Authority (FCA) has issued more guidance to Harlequin property investors. In a short statement published on their website, the FCA urged anyone thinking of investing in one of the Harlequin group of companies to proceed with caution. The FCA also recommended potential investors should ensure they understand the risks involved with the investment. Furthermore, the regulator recommended investors should take appropriate professional advice from suitably qualified financial advisers and lawyers, who specialise in the country where the proposed ...

Police make pension liberation arrests

iStock_000002107464XSmallThe City of London Police has announced they have broken up a suspected organised crime gang. The gang are believed to have cold called and sent text messages to thousands people across the UK, allegedly offering illegal pension liberation schemes. According to the City of London Police, three men were arrested on Wednesday morning when a call centre based in the city was raided. During the raid on the call centre, which housed up to 40 employees, documents and computers were seized. Additional arrests were made in ...

What now for Harlequin Property investors? 6 hints and tips

Hints and tips 150 px_istockThe past few weeks have been turbulent to say the least for the thousands of Harlequin Property investors who have had to contend with delayed completions, missed interest payments and poor communication from Harlequin themselves. There have also been investor meetings and Harlequin open days to attend, a constant stream of negative publicity, on-going investigations by the Serious Fraud Office (SFO) and now it seems the Insolvency Service. Add in the move to put Harlequin Property into administration ...

Harlequin Property: Panorama pulls expose after bribery allegation

Panorama pulls expose after bribery allegationThe BBC has temporarily postponed an episode of Panorama amid allegations that a security consultant has been bribed for information. Since these allegations, the BBC has also suspended one of the shows’ producers. Bribery allegations The Panorama program was pulled from broadcast last Monday, having been described in the Radio Times as “an investigation into financial scandals that could wipe out people’s life savings”....