MacAnthony may face prison in fraud case

Posted at Real Estate Marbella

Jan 27, 2012


Darragh MacAnthony

‘The Posh’ chairman may face prison

On Wednesday this week 51 complainants from across the UK attended Marbella criminal courts to ratify the case against former property mogul Darragh MacAnthony and his former chief executives Michael Liggan and Dominic Pickering.

The judge will now decide whether to proceed with criminal charges in a case that could last up to two years.

Antonio Flores, from legal firm Lawbird which represents the claimants, told me that the defendants could be looking at a prison term of between 4 and 12 years if found guilty of fraud and misappropriation of client funds, as well as having to repay the clients money.

“The claimants want their money back,” Antonio told me. “They paid money for furniture for their new homes and the furniture didn’t arrive leaving them out of pocket.”

Collectively the claimants lost over 600,000€, which may seem like a large amount to most people but maybe not so to millionaire businessman and football club owner, Mr. MacAnthony.

Antonio Flores said “MacAnthony does have the option to settle with the claimants out of court but the time for that is running out.”

Full Story:- Real Estate Marbella

 

“What Fraud?” MacAnthony Asks!

Many on the MRISG Forum ask the question and make allegations against Darragh MacAnthony and his former Directors and Sales Staff?  However, Dominic Pickering and Darragh MacAnthony appear to insist that the fraudsters are the MRISG members.   One part of the MacAnthony Scam will be heard in a Spanish court on January 25th 2012 members wonder what he will say about that.

In the UK the legislation about Fraud is very clear covered by the Fraud Act 2006.  However, other countries have their own legislation…. which normally amounts to the same but under differing legislation and wording.

FraudConsider the facts and Judge for yourself:

MacAnthony Realty International web of companies were set up in Spain then the UK, Ireland, Bulgaria, Cyprus,  USA etc.. This would suggest a well established and expanding international company with branches all over the world all being in turn controlled by a central company in Luxembourg.  This would not be at all unusual for a large and expanding corporation but at the end of the trail you would expect to find a responsible management company run by independent professional directors and shareholders who take responsibility and control of those other subsidiaries and not the very same directors of those subsidiaries….  With MRI unfortunately the trail goes cold at this point and it then appears, with 20:20 hind sight, that the whole set-up was to filter cash away from the other, apparently legitimate companies, to another country and directly into the pockets of the directors and shareholder/s side stepping the tax authorities in each country.

MRISG

MRISG

In what has been described by MRISG Members as the largest property scam uncovered in years, they have found is that the very network of companies, dubious deals, false advertising, boiler room sales teams and sales team lies and miss-representations has protected Darragh MacAnthony  from prosecution by authorities in every country.  Weather by design or by accident it worked well by the deceptions taking place in one country, the contracts are with companies in another and the money is transferred to a third company in yet another country.  The last and possibly the best twist to the scam is MRI employed, apparently legitimate, Lawyers like Martinez-Echevarria and Emily Lemoniati to act for their Victims/Clients (some would insist they were just victims).  The evidence has later emerged that these lawyers did not act in the best interests of their clients and would appear to have been simply an intricate and complicit part of the whole MacAnthony Scam from the beginning.  Although they can all post their views below if they think this not to be the case.

Serious Fraud Office LondonThe Serious Fraud Office in the UK have, despite Darragh MacAnthony’s and Dominic Pickering’s protestations, investigated their web of companies and found that the very jurisdictional advantages used by international fraudsters had been exploited to the full by MRI to avoid prosecution:  No single country has the specific jurisdiction for any specific fraud because different parts of the scam were carried out in different countries and monies ‘laundered‘ through other countries.

 

Adam Tudor - Carter-Ruck Solicitors London

The lawyers Carter-Ruck and in particular Adam Tudor and Isabel Hudson were also very effectively used to, quite legally, threaten and frighten anyone who dared to publicly speak out about the scam thereby keeping the majority of the public ignorant of the wider scam of the MacAnthony group of companies from as early as 2007 or 2008.  As a result numerous websites were attacked by Carter-Ruck who used the ludicrous UK Libel Laws to either shut them down or force them to remove negative, but probably truthful, allegations against their clients, MacAnthony Realty International.   However, you read this now due to the efforts of a US based team of IT experts who consider this sort of censorship as aberrant and a breach of every person’s right to freedom of speech.

What is more frightening is that all the law firms involved in this scam continue to operate as, apparently legitimate and trustworthy outfits.  Every one of them has a responsibly to the law in their own country but failed due to greed, stupidity or intentional criminality to allow MacAnthony and his directors to pull off his scams.  Those lawyers need to look closely at the moral arguments, issues and not just fall back on their very fat wallets.  Will we see any of them struck off…. Don’t hold your breath they are above the law in virtually every country because they consider themselves to be the law and anyone saying otherwise will be censured.

Leave a CommentIt would be nice to see some comments in defence of MacAnthony, Carter-Ruck and others but the MRISG doubt that any would be forthcoming.  If you have any reasonable explanation for the web of companies set up and controlled by Darragh MacAnthony please speak up because our Lawyers and Law Enforcement Officers have no other explanation.

 

MRI Credit Notes or Just Another Scam?

MRISG

MRISG

MRISG have received the following information about the Credit Note part of the MRI business.  The credit notes were issued to people for various reasons but mainly because MRI failed to fulfil their contractual commitments to ‘Customers’.

These credit notes could be surrendered when buying another property through MRI.  However, read the Pineapple Fields deal Dominic Pickering, who claims not to work for MacAnthony any more, arranged in July 2011despite all the MRI companies claiming to have folded or packed up trading in 2010.



Are You One Of These?

Problem Development Issue Date Credit Note € Credit Note $ Dollar Amount
Panarama Bay 10th May 09 €5,000.00
$7,100.00
Vila Verde 25th April 09 €6,000.00
$8,520.00
Melbourne / SCBR 6th June 09 €7,245.00
$10,287.90
Santa Venere 18th Nov 09 €18,000.00
$25,560.00
Jardines Del Sol 4th May 09
$27,000.00 $27,000.00
Panarama Bay 28th August 09 €19,700.00
$27,974.00
Greenfield 4th May 09 €20,000.00
$28,400.00
Vila Verde 5th May 09 €20,000.00
$28,400.00
Aldeia Formosa 14th May 09 €20,000.00
$28,400.00
Vila Verde 24th Sept 09 €21,000.00
$29,820.00
Villa Verde 4th May 09 €22,000.00
$31,240.00
Stek 15th Nov 09 €22,000.00
$31,240.00
Royal Park 21st August 09 €23,700.00
$33,654.00
Silver Mountain 02nd May 10 €24,446.00
$34,713.32
Residencial Don Juan II 15th June 09 €25,000.00
$35,500.00
Royal Heights 19th April 09 €26,000.00
$36,920.00
Pirin Suites 7th March 09 €27,000.00
$38,340.00
Tierra Del Sol 23rd August 09 €27,000.00
$38,340.00
Onyx 24th Sept 09 €28,500.00
$40,470.00
City Residence 25th August 09 €28,633.00
$40,658.86
Jardin del Sol 8th June 09 €29,000.00
$41,180.00
Portofino 9th May 09 €30,000.00
$42,600.00
Lazemia 27th Sept 09 €30,000.00
$42,600.00
Don Juan 20th April 09 €34,000.00
$48,280.00
San Jose 30th May 09 €34,000.00
$48,280.00
SMR 30th Apr 10 €35,000.00
$49,700.00
SCBR 30th June 10 €35,575.00
$50,516.50
City Residence 28th Nov 09 €35,786.00
$50,816.12
Topaz 28th August 09 €35,822.00
$50,867.24
City Residence 25th Nov 09 €35,998.00
$51,117.16
Portofino 11th May 09 €36,000.00
$51,120.00
St Ivan 19th August 09 €36,000.00
$51,120.00
Pirin Park 7th June 09 €37,000.00
$52,540.00
Giardino Mediterraneo 28th Oct 09 €39,000.00
$55,380.00
City Residence 2nd May 10 €39,439.00
$56,003.38
Aspen Valley 20th Sept 10 € 39,553.00
$56,165.26
Santa Venere 8th April 09 €39,947.42
$56,725.34
Adelaide 23rd Feb 09 €40,000.00
$56,800.00
Silver Mountain 24th Sept 09 €40,000.00
$56,800.00
Residential Bavaro 7th June 09
$57,000.00 $57,000.00
Blaconi Zi Zambrone 29th Oct 10 €40,480.00
$57,481.60
Blaconi Zi Zambrone 29th Oct 10 €40,480.00
$57,481.60
City Residence 25th August 09 €41,178.13
$58,472.94
SCBR 25th Feb 10 €42,115.50
$59,804.01
Santa Venere 16th May 09 €44,000.00
$62,480.00
Katarina Spa 7th June 09 €44,000.00
$62,480.00
SCBR 27th Feb 10 €44,100.00
$62,622.00
City Residence 30th August 09 €44,224.66
$62,799.02
City Residence 19th Sept 09 €44,803.00
$63,620.26
Porto Fino 14th May 09 €45,000.00
$63,900.00
SCBR 11th Mar 10 €45,100.00
$64,042.00
SCBR 29th Apr 10 €46,250.00
$65,675.00
Aspen Heights 25th Oct 09 €46,871.00
$66,556.82
Giardino Mediterraneo 28th Oct 09 €47,000.00
$66,740.00
SCBR 29th June 10 €47,900.00
$68,018.00
Blaconi Zi Zambrone 29th Oct 10 €48,400.00
$68,728.00
Blaconi Zi Zambrone 29th Oct 10 €48,400.00
$68,728.00
Santa Venere 20th April 09 €49,500.00
$70,290.00
Flamingo 6th April 09 €50,000.00
$71,000.00
Pirin Suites 1st June 09 €50,000.00
$71,000.00
SCBR 29th Apr 10 €83,400.00
$72,568.94
City Residence 13th August 09 €52,110.00
$73,996.20
Panorama Bay 2 20th Aug 09 €53,000.00
$75,260.00
Le Tercia Real 4th April 09 €56,000.00
$79,520.00
TDS 14th June €57,000.00
$80,940.00
Aldeia Formosa 19th April 09 €58,000.00
$82,360.00
Dom Rep 17th Nov 09 €59,700.00
$84,774.00
SCBR 2nd May 10 €62,888.00
$89,300.96
SCBR 1st Mar 10 €64,330.00
$91,348.60
City Residence 28th August 09 €64,500.00
$91,590.00
SMR- Deeds signed 26th June 10 €64,880.00
$92,129.60
City Residence 24th August 09 €64,885.20
$92,136.98
City Residence 24th August 09 €66,460.00
$94,373.20
SCBR 27th March 10 €68,000.00
$96,560.00
SCBR 28th Feb 10 €69,000.00
$97,980.00
City Residence 13th August 09
$100,000.00 $100,000.00
SCBR 17th Feb 10 €70,450.00
$100,039.00
SCBR 25th July 10 € 70,763.00
$100,483.46
SCBR 27th Apr 10 €71,000.00
$100,820.00
City Residence 26th Oct 09 €71,721.00
$101,843.82
Silver Mountain 27th July 10 €72,598.00
$103,089.16
SCBR 23rd Feb 10 €74,377.00
$105,615.34
Silver Mountain 26th July 10 €74,979.00
$106,470.18
Aspen Golf 10th Sept 10 €75,000.00
$106,500.00
Silver Mountain 06th May 10 €75,786.46
$107,616.77
Vila Verde 26th August 09 €76,000.00
$107,920.00
SCBR 12th Feb 10 €76,000.00
$107,920.00
SMR 28th Apr 10 €77,500.00
$110,050.00
SMR 1st May 10 €78,752.00
$111,827.84
SMR 1st May 10 €80,972.00
$114,980.24
SCBR 28th Apr 10 €83,500.00
$118,570.00
SCBR 25th June 10 €83,621.00
$118,741.82
Vila Verde 26th Oct 09 €84,000.00
$119,280.00
City Residence 23rd Sept 09 € 87,105.96
$123,690.46
SCBR 13th Mar 10 €88,785.00
$126,074.70
Silver Mountain 23rd Sept 09 €90,000.00
$127,800.00
Flamingo 26th August 09 €93,000.00
$132,060.00
Florida 19th April 09 €96,000.00
$136,320.00
Silver Mountain 26th July 10 €98,853.00
$140,371.26
Silver Mountain 25th July 10 € 99,603.00
$141,436.26
SCBR 27th June 10 €99,721.00
$141,603.82
SCBR 27th June 10 €100,500.00
$142,710.00
SCBR 28th Feb 10 €100,660.00
$142,937.20
Preserves 16th Nov 09 €106,000.00
$150,520.00
SCBR 27th June 10 €108,650.00
$154,283.00
Jardines Del Sol 10th May 09 €109,000.00
$154,780.00
SCBR 1st May 10 €109,710.00
$155,788.20
SCBR 24th Feb 10 €110,500.00
$156,910.00
Covera Golf 28th Nov 09 €127,000.00
$180,340.00
Aspen Suites 16th Nov 09 €129,708.00
$184,185.36
SCBR 29th Apr 10 €135,720.00
$192,722.40
Silver Mountain 23rd August 10 €135,844.00
$192,898.48
SCBR 28th Apr 10 €138,931.00
$197,282.02
SCBR 13th Feb 10 €142,814.00
$202,795.88
SCBR 28th Feb 10 €159,313.00
$226,224.46
SCBR 14th Mar 10 €172,981.00
$245,633.02
La Marinate & SCBR 20th March 09 / 27th March 10 €240,800.00
$341,936.00

—————————————————————–

Darragh MacAnthony

Darragh MacAnthony

Dominic Pickering

Dominic Pickering

Correct us if we are wrong Messrs Pickering and MacAnthony but we make this a total of $10,227,976.96 …  That is just over Ten and a Quarter Million Dollars owed to 117ecstatically happy customers who you have issued Credit Notes to.  To add insult to their injury many of those customers even had to pay to receive these, apparently, worthless credit notes. Mr Pickering you will note the dates so all were issued when you were CEO so don’t be shy, your opportunity to reply is below.

What is worse, in the opinion of the MRISG, is many still don’t know they have been victims or the MacAnthony Corporation and are still being bombarded with ‘unbeatable deals‘ by phone and e-mail to cash the credit notes in just to be ripped-off again.  Darragh have you offered any of them Free iPads  or just the  properties in Pineapple Fields with inflated prices?



MacAnthony Country

MacAnthony Country

If you are one of those unfortunate individuals who possess an MRI Credit Note you may want to read about the MRI Credit Note Deal with Pineapple Fields.

You may also want to join the MRI Support Group Members Only Forum.

If anyone knows any other resorts anywhere in the world where MRI are trying to offer properties to Credit Note victims contact the MRISG and we will investigate the validity and value of these offers.

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