FSA demands details of pension investments in Harlequin Property

12:00pm Friday 1st March 2013 in News By Jon Austin

THE UK finance watchdog is probing the level of pension money that has been invested into south Essex Caribbean investment firm Harlequin Property.

In today’s Echo newspaper we exclusively revealed that a Serious Fraud Office investigation into the firm has been underway for a number of months.

Now the Financial Services Authority, which regulates the UK banking and finance industry, has begun an urgent inquiry to establish the level of people’s self invested personal pensions (SIPPs) in the business.

Harlequin has taken an estimated £300million from investors in deposits for Caribbean luxury accommodation at various resorts, with a large per centage of this said to have come through pension providers.

It has sold more than 6,000 off plan properties, but so far built only around 300.

Harlequin is not regulated by the FSA so there would be no protection to UK investors should the scheme collapse.

The FSA today contacted all pension providers in the country giving them two days to confirm if any of their members have any holdings in Harlequin Property.

Those that do have just five days to provide further information, including details of the amounts held in Harlequin.

An FSA spokesman said: “We are taking steps to establish levels of business with Harlequin".

In January it issued an alert about the firm warning independent financial advisors to carry out due dilligence before recommending it.

Harlequin vehemently denies any wrongdoing. It says there is no reason for the SFO to investigate and has previously cooperated with the FSA, which was satisfied with the information it provided.

Don't miss today's edition of the Echo for an exclusive special report on the involvement of the SFO with Harlequin.

Comments (7)

3:27pm Fri 1 Mar 13

Harlequininvestorgroupnw says...

Dear Investors & Harlequin,





As discussed on Barbadosfreepress. The Harlequin Investor meeting in Manchester will be at Manchester Airport Marriott Hale Barns on the Saturday 9th March we have booked the room for the day with several short breaks for everyone to buy refreshments.



I think some of you will be familiar with this location. If you could attend please let me know. There will be a small admission fee as it is £150 for the room I did negotiate this at a special rate.



We will be asking Mr Ames to attend so we can get the answers we require. We would ask everyone to send in the questions they would like answering so that the same question is not repeated the email address to send questions and replies to invitation to Harlequininvestorgro
upnw@gmail.com would ask you to pass on the details of this email to any third parties you may feel will be interested in attending.



If you have any other suggestions please email above.



I will look forward to your response.



Kind Regards



Harlequininvestorgro
upnw
Dear Investors & Harlequin, As discussed on Barbadosfreepress. The Harlequin Investor meeting in Manchester will be at Manchester Airport Marriott Hale Barns on the Saturday 9th March we have booked the room for the day with several short breaks for everyone to buy refreshments. I think some of you will be familiar with this location. If you could attend please let me know. There will be a small admission fee as it is £150 for the room I did negotiate this at a special rate. We will be asking Mr Ames to attend so we can get the answers we require. We would ask everyone to send in the questions they would like answering so that the same question is not repeated the email address to send questions and replies to invitation to Harlequininvestorgro upnw@gmail.com would ask you to pass on the details of this email to any third parties you may feel will be interested in attending. If you have any other suggestions please email above. I will look forward to your response. Kind Regards Harlequininvestorgro upnw Harlequininvestorgroupnw

5:10pm Fri 1 Mar 13

Cosmo Spring says...

We will be asking Mr Ames to attend so we can get the answers we require


don't forget to budget for his expenses and food....
[quote]We will be asking Mr Ames to attend so we can get the answers we require[/quote] don't forget to budget for his expenses and food.... Cosmo Spring

5:58pm Fri 1 Mar 13

Harlequininvestorgroupnw says...

Mr.Ames will be expected to pay to come into the meeting as will EVERYONE who attends.He will also have to pay for his own refreshments and we expect the meeting to be cordial and orderly
Mr.Ames will be expected to pay to come into the meeting as will EVERYONE who attends.He will also have to pay for his own refreshments and we expect the meeting to be cordial and orderly Harlequininvestorgroupnw

6:04pm Fri 1 Mar 13

Cosmo Spring says...

Harlequininvestorgro
upnw wrote:
Mr.Ames will be expected to pay to come into the meeting as will EVERYONE who attends.He will also have to pay for his own refreshments and we expect the meeting to be cordial and orderly
I doubt if he'll turn up if he's got to pay to get in and to feed himself going on his previous form
[quote][p][bold]Harlequininvestorgro upnw[/bold] wrote: Mr.Ames will be expected to pay to come into the meeting as will EVERYONE who attends.He will also have to pay for his own refreshments and we expect the meeting to be cordial and orderly[/p][/quote]I doubt if he'll turn up if he's got to pay to get in and to feed himself going on his previous form Cosmo Spring

6:10pm Fri 1 Mar 13

Harlequininvestorgroupnw says...

I hope he does as a lot of people really need some reasurance and it will of course show everyone that he respects them, after all they are paying his wages
I hope he does as a lot of people really need some reasurance and it will of course show everyone that he respects them, after all they are paying his wages Harlequininvestorgroupnw

3:23am Sun 3 Mar 13

Harlequininvestorgroupnw says...

http://www.dailymail
.co.uk/news/article-
2287140/Tycoon-accus
ed-taking-300m-Briti
sh-investors-faces-f
reeze-assets-failing
-build-luxury-homes.
html
http://www.dailymail .co.uk/news/article- 2287140/Tycoon-accus ed-taking-300m-Briti sh-investors-faces-f reeze-assets-failing -build-luxury-homes. html Harlequininvestorgroupnw

9:51am Sun 3 Mar 13

Harlequininvestorgroupnw says...

Harleconned

February 28, 2013 at 1:52 pm


Just remember this http://youtu.be/7B-4
Lsrx8IA

Everyone who is in Manchester or local to Manchester come to the meeting on the 9th at the Marriott Hale Barns Manchester (Airport)

United we stand….
Harleconned February 28, 2013 at 1:52 pm Just remember this http://youtu.be/7B-4 Lsrx8IA Everyone who is in Manchester or local to Manchester come to the meeting on the 9th at the Marriott Hale Barns Manchester (Airport) United we stand…. Harlequininvestorgroupnw

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