Insolvency

A company director has been disqualified for a period of 14 years for inappropriately selling carbon credits as an investment, despite a warning from an investigative journalist.

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The convicted fraudsters behind failed property investment Arck have been banned from being company directors for a total of 29 years.

A director of a mortgage brokerage has been disqualified from acting as a company director for 13 years for misleading investors, the regulator and HMRC.

Matthew Ames, son of troubled overseas property company Harlequin's chairman David Ames, has been found guilty of two counts of defrauding investors.

Former Santander adviser Christopher Wathen has been handed an 11-year bankruptcy restriction after he was jailed for stealing clients' money and using it to fund his lifestyle and to gamble.

Harlequin Property's flagship resort Buccament Bay has been hit by violent flooding after torrential rain fall in St. Vincent over the Christmas period which left one resort staff member dead.

FIVE THINGS

The High Court has ordered three companies involved in a £3.2m scam selling carbon credits to investors at inflated prices into liquidation following an investigation by the Insolvency Service.

A trust designed to safeguard the assets of investors in troubled overseas property company Harlequin is on course to be set up by the end of January 2014, the company has said.