MacAnthony may face prison in fraud case
Posted at Real Estate Marbella
Jan 27, 2012
'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
Angry customers call for charges against holiday home tycoon
Full Report Independent.ie
By Fergal MacErlean
Thursday January 26 2012
Darragh MacAnthony
A SPANISH judge will decide whether football club boss Darragh MacAnthony will face charges after a raft of complaints from disgruntled customers who claim furniture ordered from his firm never arrived.
MacAnthony Realty International (MRI) developed resorts in several countries from its Marbella headquarters and sold furniture packs to clients.
Hugely popular on the holiday market, MRI had hundreds of Irish customers and boasted an annual turnover greater than €100m before the credit crunch.
It made the 35-year-old Dubliner, who now owns Peterborough Football Club, a multi-millionaire.
However, a group of 51 Irish and British buyers claim that €492,000 worth of furniture, ordered more than five years ago for apartments in Morocco, Bulgaria and Cape Verde, was never delivered.
Antonio Flores, the Spanish lawyer acting for the group, claims “many other” MRI customers are affected. He alleges that missing furniture is just one of the irregularities linked to MRI, or related companies.
Read the full Report at Independent.ie
MacAnthony does have a case to answer
MRI-SG Victims give Evidence
Yesterday, 51 British expats, from England and the Republic of Ireland, attended a
A small group of protesters outside court
Marbella court at the request of the judge to ratify their lawsuit against Darragh MacAnthony.
The football chairman and his former chief executives Michael Liggan and Dominic Pickering, are accused of “theft by swindle and misappropriation of funds” amounting to 600,000€.
The claimants say they gave various amounts of money over to MRI Overseas for furniture packages for properties purchased through MacAnthony’s business but the furniture failed to appear.
The Spanish judge has considered the facts and decided that the three men accused do have a case to answer.
Read the full article at The Real Estate Marbella Blog
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