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

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

“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.

 

Darragh MacAnthony Ex-MRI Boss?

Darragh MacAnthony

Darragh MacAnthony

Followers of Darragh MacAnthony’s rise to fortune from Time-share Salesman at Club la Costa and Ocean Estates to the owner of the self proclaimed, largest Real Estate Agency in the world, and owner of Peterborough Football Club, will have read  of Darragh’s more recent trials and tribulations, protestations of innocence, accusations and outbursts but much of this unfortunate predicament, some MRISG members say, is all of his own making.

Rags to Riches to Prison…..?

MRI Overseas International LtdBeing the sole owner of your own companies has it’s benefits but becomes a problem when you want to bail out of it all and distance yourself from those very companies activities, history and adverse comment and publicity.  Then feeding your ego and activley seeking publicity and self promotion can then backfire.  You can attempt re-write history on your blog, football club website, Wikipedia,  release as many press releases as you like and appear on Radio Talk Shows, but your main problem is that when you self promote your venture as the head and use the media then later try to deny association there is a real danger that evidence will appear to re-associate you and incriminate you with that toxic brand time and time again.  The very source of that information could be very embarrassing too because you may have crushed many toes on your way there and back again.  The question people will all ask is ‘Why are you so keen to distance yourself?’  The conclusions are probably very clear to MRISG members but the wider public may be perplexed by the media acrobatics and storm of obscure references on YouTube referencing to Darragh MacAnthony & Co.  You can see a few more examples HERE.

This is the dilemma Darragh MacAnthony has had to wrestle with in the press and media since 2008, especially as the companies obviously all carry his own name.  All except, that is, Captial Financial Partners Worldwide now run by his brother-in-law.

Many have a very positive view of this self proclaimed astute investor, entrepreneur, business magnate and philanthropist, hero of Peterborugh Football Club.  Some have as much to lose as MacAnthony should the complex web of international companies be finally unwound, properly investigated and laid bare for what they were really doing.  And like the MRISG are those who have done their homework, collated information and now know a lot more about this web of companies than MacAnthony would like them to know.  Those victims of the MacAnthony web of companies vow that they will not rest and pursue MacAnthony and his directors until they finally see justice for the hundreds and even thousands he and his companies touched.

The setting up a complex web of companies all over Europe and USA to further your business empire was no doubt for pure taxation purposes but appears to have served another more sinister purpose when that web of companies were found to be less than they claimed and even the mildest investigation could reveal doubts:  Failure to submit accounts to the pertinent company registration authorities, the lack of transparency in all financial accounts, many web sites registered behind anonymous proxy providers and companies set up but liquidated with claims they never traided.  This conduct is bread and butter to Tax and law enforcement authorities no matter where you hide your companies.  Sadly someone somewhere always wants tax paid, even in tax havens and these are the people who may pursue you the hardest.  There are also those who loose money to you who will not let it go.

Close strutiny of what accounts and company registration details are available reveals compelling evidence that the web of companies all filtered back through to a sole share holding company set up in Luxembourg, MRI Overseas Property Group SA, Société Anonyme which in turn controls all the other companies.  Now who do you think the Administrator was?        Could it be the one and only….  Darragh MacAnthony an Irish Swiss Citizen and owner of Peterborough Football Club?

MRI Overseas Property Group SA, Société Anonyme has no website and is housed in a nondescript office in Luxenbourg, apparently, attracting no interest or scrutiny from anyone except the MRISG and Spanish Lawyers.  MRI Overseas Property Group SA publish no accounts that can be easily found and it does not trade but appears to be a simple an umbrella ‘Society Autonomous’ to receive all the assets and share profits filtered from all the other MacAnthony Realty companies, which have now all but disappeared.

The very investors who made the MacAnthony companies so successful before 2008, allowing them to rise to prominence is the World of Real Estate Businesses then come under fire from MaCAnthony and his Directors.  They even try to use the infamous Carter-Ruck to shut their ‘whining noises‘.  These victims are rightly affronted because they were persuaded to hand over their money, believed to be in excess of €100 million, of their hard earned cash to one or several of the MRI companies or subsidiaries in the honest belief they were making rock solid investments in bricks and mortar.  Later those investors find that most of those MacAnthony companies have been either quietly liquidated or hung to wither on the vine in an appartment in Madrid while properties never materialised, furniture vanished, after sales non existent, mortgages never produced and rental income missing.  We all know the global melt down has caused many problems but to fail to deliver even overpriced furniture it is no excuse.

The latest MacAnthony company to be put up for liquidation is  MacAnthony Realty International Ireland Limited.  Many investors will be lobbying the authorities in Ireland, Spain and the UK to investigate because their monies were paid to this or other MRI company where it should have been used to provide the properties or services bought yet have received nothing but abuse from staff and Directors and threatening letters from Carter-Ruck Solicitors for having the audacity for speaking the truth.  The big question the liquidators in Ireland should be asking the directors and former directors is where is all the clients’ money safely banked for those investors?  We can only guess that the monies have been filtered out in Direcotr’s wages or claimed profits to MRI Overseas Property Group SA, Société Anonyme because no accounts are submitted for public inspection and only speculation can be made.  If this is the case and MRI Overseas Property Group SA, Société Anonyme is simply holding the funds in trust then all the receivers need to do is ask for that money to be transferred back to pay off the debtors left by the whole MacAnthony web of companies.

Further looks at  MRI Overseas Property Group SA, Société Anonyme reveals that the directors of this Luxemburg company were , until December 2010 none other than:-

  • Darragh MacAnthony, Administrator, Am Durrbach, Haus Nr 235 2, 6390 Engelberg, Switzerland
  • Michael John Liggan, Director, Club Financiero, Jacinto Benavente / n, 29600 Marbella, Spain
  • Dominic Pickering, Director, Club Financiero, Jacinto Benavente / n, 29600 Marbella, Spain
  • Sarah O’Callaghan, Director, Club Financiero, Jacinto Benavente / n, 29600 Marbella, Spain
  • Nicola Shaw, Director, Club Financiero, Jacinto Benavente / n, 29600 Marbella, Spain
  • SOLERO SA, Administrator, 82, route d’Arlon, L-1150 Luxembourg, RCS B 90,842.
do your own investigationDo you own investigations and see what you think has been going on….. The MRISG have and are convinced that the monies he has ‘Loaned’ to Pererborough Football club is just part of the money stolen from them.Very significant is Mr MacAnthony is the Administrator of this company being appointed in November 2007 for a period of 6 years and the sole shareholder?  Yet he publicly denies he has anything to do with MRI Companies any more and resigned as chairman… despite demanding, as recently as July 2011, that the former CEO Dominic Pickering, who was no longer a director at the time to liquidate the Spanish companies immediately.  Possibly not a lie that he was the Chairman but only part of the truth when you realise he, as Administrator, controlled the holding company which controlled all the other companies directly.

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For the disbelievers read the court documentation for yourself at www.etalt.lu.
Just in case MacAnthony tries to have these court records amended we have our own copy – MRI Overseas Property Group SA, Société Anonyme.

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