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
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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