SFO

A group of investors in troubled overseas property scheme Harlequin have dropped a case against the scheme's chairman David Ames, and his company director wife Carol, that alleged the pair made false claims about the investment.

Fresh fears for the safety of £400m of Harlequin investments have been raised following reports circulated by the company that its sales arm has entered liquidation.

Self-invested personal pension (SIPP) providers holding Harlequin investments are set to earn £17m from investors in fees over the next ten years, according to a law firm, while the underlying investment could be virtually worthless.

The Serious Fraud Office (SFO) is investigating the suspended £120m Axiom Legal Financing fund and its founder Tim Schools, Professional Adviser understands.

Harlequin chairman David Ames is misleading investors into thinking the Financial Services Compensation Scheme (FSCS) backs a controversial trust he is trying to use to rescue his troubled overseas property scheme - a claim the FSCS denies - information...

Yorkshire Bank has threatened advisers who sold failed property investment scheme Arck that it will pursue them for money if their clients make a claim for compensation against the bank.

Troubled overseas property company Harlequin has issued High Court proceedings against its former accountant Wilkins Kennedy seeking damages of £40m for professional negligence.

Solicitor John Fitzpatrick has been sentenced at Sheffield Crown Court to six years' imprisonment for his part in two 'quite spectacular mortgage frauds'.

The Financial Services Compensation Scheme (FSCS) has said it is not able to reach a verdict on the liability of advisers who recommended property investment Arck and who have had a claim against them due to ongoing criminal proceedings against two former...

A group of Lifemark-backed Keydata bond investors are renewing their efforts to organise a public inquiry into the collapse of the investment scheme nearly five years ago, by lobbying their MPs to act.