Harlequin threatens struggling investors with damages claims

Harlequin is sending demands to investors holding contracts to the few properties it has actually built - 113 out of about 6,000 - that they pay the balance originally agreed to "complete". The company, subject to a Serious Fraud Office investigation into its unregulated property scheme, is giving investors a "reasonable period" of 49 days to pay balances of more than £100,000 by whatever means they can. Most investors are unlikely to be able to pay, having relied on "guaranteed 70% mortgages" promised by Harlequin when they signed up to the investment and paid their deposits. In o...