Property scheme endorsed by ex-Man United footballer falls into liquidation

clock

The High Court has ordered into liquidation a property investment scheme promoted by former Manchester United footballer Lee Sharpe.

Green Planet Investment, which marketed a Brazilian property investment scheme which took £14m from investors, misled investors over the nature of the company and potential returns on offer, according to the Insolvency Service. The company had used Sharpe to market the scheme to investors, a statement from the Insolvency Service added. "Company representatives persuaded nearly 300 investors they were dealing with a large UK registered bank," the Insolvency Service said, following an investigation into the business. "The salesmen used high pressure sales techniques and made exaggera...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Court sets trial date in illegal financial promotions case

Court sets trial date in illegal financial promotions case

Lucy Beck pleads not guilty

Sophia Panayi
clock 31 July 2026 • 1 min read
FCA flags weak customer outcome focus in firms' monitoring frameworks

FCA flags weak customer outcome focus in firms' monitoring frameworks

Consumer Duty review found inconsistent governance and oversight

Sophia Panayi
clock 27 July 2026 • 2 min read
Open finance could pose 'existential threat' to advice market

Open finance could pose 'existential threat' to advice market

Consumer Duty Alliance tech forum attendees hear

Sophia Panayi
clock 23 July 2026 • 3 min read