Harlequin Property update: Harlequin invite investors to “Open Days”

Update Harlequin 150pxAfter weeks of deafening silence, when many investors have complained about poor communication, unreturned phone calls and emails, as well as missing monthly interest payments, Harlequin Property has now invited their investors to attend a series of ‘Open Days’. Harlequin Property ‘Open Days’ In a letter apparently sent to investors and published on the online forum, Harlequin Investors Board, the beleaguered property group invite both “investors and agents” to an “Open Day”. The letter states: “We are dedicated to being ...

SIPPs: Rise in SIPP fraud reported

The Serious Fraud Office (SFO) has reported a rise in SIPP fraud, which could total £200 million. The SFO said that investigations into three cases were underway with more being monitored with the past 12 months seeing a number of high profile cases of fraud involving SIPPs. The £52 million GP Noble pension scheme frauds was one of the largest examples, with 2,000 investors also losing up to £40 million in an insolvent bio-fuel company. Jane de Lozey, of the SFO, said: “People are being encouraged to disinvest their pensions and put them in highly speculative schemes. Examples of this type of fraud ...