Advised a group of over 340 property investors in relation to an alleged fraudulent property scheme causing investment into properties in multiple jurisdictions including the UK, Spain, the US and Cyprus. These property acquisitions led to investors being in negative equity and many suffered the loss of their life savings.
With the benefit of litigation funding, the group obtained through a non-party disclosure application to the High Court, the now defunct companies’ books and records which revealed that a key number of individuals within that organisation had caused misrepresentations to be made to hundreds of investors relating to the carrying out of due diligence and genuine discounts being provided on property purchases off plan. Our efforts enabled the parties to understand and detail the legal case they could pursue against individuals behind the company that was now insolvent.
