Small investors who put millions of pounds into an eco-friendly housing venture scheme created by Grand Designs presenter Kevin McCloud could lose almost all of their money, it has been claimed.
Between 2013 and 2017, McCloud "wooed" investors with a string of fundraising mini-bond schemes that promised returns of up to 9% a year from his Happiness Architecture Beauty (HAB) homes businesses. It has since emerged that those investors, who put in a total of £2.4m into one of the bonds associated with the business, are on course to lose between 74% and 97% of their money in a worst-case scenario, according to an article the Guardian. Another set of investors, who put a further £1.9m in one of the HAB companies in 2013 and were told to expect dividends of at least 5% by the en...
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