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  • FIRST POST
    • softlane
    • By softlane 19th May 16, 8:52 AM
    • 3Posts
    • 3Thanks
    softlane
    Charles Cunningham, Andrew Camilleri, Viewpoint Salford, Fresh Start Living,
    • #1
    • 19th May 16, 8:52 AM
    Charles Cunningham, Andrew Camilleri, Viewpoint Salford, Fresh Start Living, 19th May 16 at 8:52 AM
    Fresh Start, Empirical Property Group: Not Quite The Robin Hood of Property Investment


    When it comes to investing, you’d think you could trust a former Eton contemporary of Prince William. Especially one with the aim of renovating old properties and renting them out as affordable homes. And, when the CEO of the company claims it is “one of the only safe investments available”, your ears might !!!!! up a little further. And the 9% annual return and phenomenal growth promised is also likely to push you to make an investment.

    The paragraph above describes Fresh Start and Empirical Property Group, a company run by Charles Cunningham and Andrew Camilleri. In 2013, Fresh Start was served a winding-up petition in Nottingham over a scheme that then had five unpaid county court judgements against it, totalling £31,400.

    Across the country, Fresh Start and its parent, Empirical Property Group, left a trail of half-baked and half-finished developments. Those that were completed were plagued by breaches of safety standards and poor finishes.

    Investors had been lured into student accommodation schemes, and paid millions in deposits to secure a foothold. Many schemes never even got off the ground, and at least one was sold to investors without Fresh Start owning a single brick of the property to be refurbished!
    At other buildings, work was completed and rooms rented out to students – then Fresh Start kept all the rental income. Fresh Start was finally wound up in December 2013.

    I indirectly lost £200k to Fresh Start by having to pay back investors and court costs. In the end, we won the case but the company had no assets!

    Except, magically, about £18 million appeared in the accounts of the parent company, Empirical Property Group. Where did it come from??? We will probably never know.

    Fraudsters are able to use the Companies Act to siphon off money from one company to another. Of course, without detailed accounts and access to their bank it very hard to prove anything and it seems the authorities have bought their story and excuses.

    Ponzi scheme, Scam or Bad Business Model? I'll let you decide.

    1,000
    – the number of units sold
 by Fresh Start
    Unknown
    – the exact amount 
lost by investors in to 
the Fresh Start ‘opportunities’
    – by Brett Alegre-Wood : How to Avoid Property Fraud, a Ponzi Scheme, Scam or Bad Business Model
    The 12 Warning Signs That Will Help You Avoid Being A Victim
    Author of the 2010 Peoples Book Prize winning The 3+1 Plan
    Last edited by softlane; 19-05-2016 at 9:44 AM.
Page 1
    • off to market
    • By off to market 19th May 16, 11:22 AM
    • 43 Posts
    • 22 Thanks
    off to market
    • #2
    • 19th May 16, 11:22 AM
    Charles Cunningham, Andrew Camilleri, Empirical Property Group, Freshstart Living
    • #2
    • 19th May 16, 11:22 AM
    Brett Alegre-Wood : How to Avoid Property Fraud, a Ponzi Scheme, Scam or Bad Business Model
    The 12 Warning Signs That Will Help You Avoid Being A Victim

    You can get a free copy of the complete book here:

    https://www.ypc-group.com/property-fraud-scams-ponzi-scheme-book?__hssc=263027283.1.1463653234981&__hstc=26302 7283.53b4f43c90681db7a9a737ae00c3c222.146363594180 7.1463644926202.1463653234981.3&__hsfp=2913828363& hsCtaTracking=8d053078-907b-4592-8328-1eddf56d5c4a%7Cdf774eed-fbe8-4a40-8180-4c3314dda1a7
    • Blackbeard of Perranporth
    • By Blackbeard of Perranporth 19th May 16, 12:42 PM
    • 3,915 Posts
    • 23,106 Thanks
    Blackbeard of Perranporth
    • #3
    • 19th May 16, 12:42 PM
    • #3
    • 19th May 16, 12:42 PM
    Deep pockets, short arms. Failing that, I am inn the Bridge most evenings, so you can come down with your fifty pound notes and we'll light the fire!
    No one dreams of escape
    From the aroma of a cheap jar of coffee
    • DCFC79
    • By DCFC79 19th May 16, 4:36 PM
    • 27,771 Posts
    • 17,534 Thanks
    DCFC79
    • #4
    • 19th May 16, 4:36 PM
    • #4
    • 19th May 16, 4:36 PM
    Just because someone is a former Eton contemporary of Prince William it's no reason to trust them.
    Je Suis Charlie
    • lincroft1710
    • By lincroft1710 19th May 16, 5:17 PM
    • 8,470 Posts
    • 6,105 Thanks
    lincroft1710
    • #5
    • 19th May 16, 5:17 PM
    • #5
    • 19th May 16, 5:17 PM
    Just because someone is a former Eton contemporary of Prince William it's no reason to trust them.
    Originally posted by DCFC79
    There have been quite a few "dodgy" old Etonians, Lord Lucan is a good example.
    • off to market
    • By off to market 20th May 16, 3:49 PM
    • 43 Posts
    • 22 Thanks
    off to market
    • #6
    • 20th May 16, 3:49 PM
    Viewpoint Salford, Ford Lane Halls, Salford
    • #6
    • 20th May 16, 3:49 PM
    It's not that long ago that they were trying to sell the property as one lot:

    http://www.rightmove.co.uk/commercial-property-for-sale/property-49854725.html

    It is currently a derelict building site and looks nothing like "Manchester View" (it's former name);

    http://www.rightmove.co.uk/new-homes-for-sale/property-58359815.html
    Last edited by off to market; 30-05-2016 at 10:20 AM.
    • off to market
    • By off to market 25th May 16, 10:33 AM
    • 43 Posts
    • 22 Thanks
    off to market
    • #7
    • 25th May 16, 10:33 AM
    Percy Lawson Johnston, Prime Noble Properties, Viewpoint Salford
    • #7
    • 25th May 16, 10:33 AM
    It appears this "investment property -7% Assured Net Yield" is not restricted to being flogged by the Eton boys - It also helps if you have been to Harrow !

    http://www.prime-noble.co.uk/uk-investments/

    https://www.linkedin.com/in/percy-lawson-johnston-9b736635

    I wonder if Percy knows the past history of Ford Lane Salford?
    • mostonanne
    • By mostonanne 20th Jul 16, 10:28 PM
    • 14 Posts
    • 19 Thanks
    mostonanne
    • #8
    • 20th Jul 16, 10:28 PM
    Olicana House Bradford, Summerberry Residences, Absolute Living Developments Ltd
    • #8
    • 20th Jul 16, 10:28 PM
    Flat buyers smell scam in UK projects


    As more Hong Kong people are investing in overseas properties, there could be risks involved - even if the projects are located in developed countries like Britain.

    A group of 60 buyers protested at Wan Chai police headquarters at the weekend to demand cooperation with British police to investigate a potential scam involving unfinished presale overseas properties in Bradford and Manchester.

    An estimated 200 locals had bought presale flats at five projects in Bradford and Manchester, being built by a British developer - Absolute Living Development - in 2014. One of the projects was called Olicana House. The purchases were made through a local agency known as Hong Kong Homes.

    Some projects were supposed to be completed in the second half of 2015. However, Absolute Living Development was wound up in February, and representatives of the projects disappeared. Some buyers visited a construction site and discovered there was no building there.

    After the developer folded, the real estate agency suggested buyers make the remaining payments to "save" the project. The buyers then found out the developer transferred 85 percent of the proceeds to a creditor, and some people were board members of both companies. The buyers suspected a scam.

    Lawmaker James To Kun-sun said about 200 to 500 buyers were involved and had either paid in full or a 50 percent deposit.
    To estimated each buyer stood to lose around HK$500,000, with the total sum possibly reaching HK$150 million.

    One of the buyers said agents told them in 2014 the rental return was guaranteed to be 8 percent for the first four to five years after completion.

    The buyer further alleged the developer arranged for lawyers from Britain to explain property deeds, and he believed in Britain¡¦s legal system. However, To said there are no laws to supervise the sale of overseas properties in Hong Kong.

    David Hui, sales director of Centaline Property project department (China & Overseas), said buyers need to be wary of developers launching presale projects for the first time.

    Police said 24 complaints were received involving HK$8.38 million on Saturday. The case will be followed up by the Commercial Crime Bureau.
    • Blackbeard of Perranporth
    • By Blackbeard of Perranporth 21st Jul 16, 5:56 AM
    • 3,915 Posts
    • 23,106 Thanks
    Blackbeard of Perranporth
    • #9
    • 21st Jul 16, 5:56 AM
    • #9
    • 21st Jul 16, 5:56 AM
    Deep pockets, short arms. Failing that, I am inn the Bridge most evenings, so you can come down with your fifty pound notes and we'll light the fire!
    Originally posted by Blackbeard of Perranporth
    No change inn my advice!
    No one dreams of escape
    From the aroma of a cheap jar of coffee
    • feelfear
    • By feelfear 21st Jul 16, 8:42 AM
    • 3 Posts
    • 18 Thanks
    feelfear
    Olicana House Bradford, Summerberry Residences, Absolute Living Developments Ltd
    That is all the UK needs fraudulent developers

    Stitch the Chinese up and you'll find the Chinese taking their investment money elsewhere

    The UK Govt needs to start arresting people ASAP.

    Faith in the UK needs to be restored rapidly.

    If I was one of the fraudsters I would be very concerned.

    The Chinese would have no compunction in putting a bullet in the head of these fraudsters!!

    The Chinese do not shrink from carrying out retribution

    They are not a normal democracy.

    How long do you think it will be before the Chinese Govt tracks these fraudsters down!?

    There are bound to be Chinese Govt officials involved in the investment..

    They will want their money back!
    • hollydays
    • By hollydays 21st Jul 16, 9:10 AM
    • 14,587 Posts
    • 10,380 Thanks
    hollydays
    Ok... Weird thread alert..
    • off to market
    • By off to market 22nd Jul 16, 2:31 PM
    • 43 Posts
    • 22 Thanks
    off to market
    DS7 Limited, Absolute Living Developments Limited
    All the money is controlled by DS7 Limited:

    http://bit.ly/2aAO6HJ
    • mostonanne
    • By mostonanne 6th Aug 16, 8:06 AM
    • 14 Posts
    • 19 Thanks
    mostonanne
    absolute living developments, Harrison residences Runcorn
    Hong Kong Police confirm Runcorn flats conversion company probe

    Matter passed to commercial crime bureau after 118 people claim they were 'deceived', following protests outside police HQ and UK consulate.

    Hong Kong Police (HKP) has confirmed it is examining allegations made in connection with a company behind a controversial flats project in Runcorn.

    In a reply to the question whether it was investigating Absolute Living Developments (ALD), an HKP spokesman said it had received reports from 118 individuals who ‘suspected they were deceived while investing in properties involving HK$74.17m’ and the matter was being ‘followed up by the commercial crime bureau’.

    ALD was the company that launched the controversial bid to convert the asbestos-contaminated East Lane House in Runcorn into 448 one-bedroom flats, 394 of them in the ‘studio’ style.

    Winding-up proceedings are now under way at ALD.

    Last week it was reported that angry investors had protested outside Hong Kong Police headquarters and the British Consulate General in Hong Kong over ALD.

    Chinese and trade press articles from publications including The South China Morning Post, RTHK, The Standard and Property Industry Eye had covered the demonstrations.

    The investors are being represented by Hong Kong lawmaker and trained solicitor James To Kun-sun, whose office has said one of the complaints relates to one flat at East Lane House.

    A spokeswoman for Mr To said the protests were in connection with ‘suspected fraud’ and ‘about five projects in the UK’.

    They have claimed the matter could damage the UK’s business reputation.

    Mr To has written to the Consulate General Caroline Wilson and City Of London police commissioner Ian Dyson.

    Companies House documents showed that ALD was first registered to an address in London and later Liverpool and prior to December its directors were based in Malaysia.

    Management of the East Lane House flats scheme has passed to another company, Singapore-based Daniel Mark Harrison & Co.

    The UK Foreign And Commonwealth Office and City Of London
    police commissioner Ian Dyson were approached for comment.

    by Oliver Clay : Liverpool Echo
    • hollydays
    • By hollydays 6th Aug 16, 9:00 AM
    • 14,587 Posts
    • 10,380 Thanks
    hollydays
    http://www.liverpoolecho.co.uk/news/hong-kong-police-confirm-runcorn-11698114
    • off to market
    • By off to market 24th Aug 16, 3:18 PM
    • 43 Posts
    • 22 Thanks
    off to market
    International investigation begins as Bradford firm goes bust owing millions
    http://www.thetelegraphandargus.co.uk/news/14695945.International_investigation_begins_as_fir %20%20m_creating_flats_in_Bradford_g%E2%80%8Boes_b ust_ow%20%20ing_millions_of_pounds/

    We see many property developments in Northern powerhouse are operated by crooks and vampires. If this is the way property market in UK is operating, I would advise no one to invest in the UK. The level of scam property has developed to such a level which is totally ridiculous and unbelievable. This level of scam will never happen in China either. What a great Britain country boosting good legal system. So disappointing.
    • off to market
    • By off to market 26th Aug 16, 10:04 AM
    • 43 Posts
    • 22 Thanks
    off to market
    Olicana House Bradford, Summerberry Residences, Absolute Living Developments Ltd
    Appointment of Liquidators
    ABSOLUTE LIVING DEVELOPMENTS LTD

    (Company Number 08766275)

    Registered office: Chichester House, Chichester Street, Rochdale, Lancashire OL16 2AU

    Principal Trading Address: Chichester House, Chichester Street, Rochdale, Lancashire OL16 2AU

    Notice is hereby given in accordance with Rule 4.106 that I, Louise Mary Brittain, of Wilkins Kennedy LLP, Gladstone House, 77-79 High Street, Egham, Surrey, TW20 9HY, (IP No: 009000) was appointed Liquidator of the Company on 21 July 2016. Creditors who have not proved their debts must forward their proofs of debt to me.

    Further details contact: Guinevere Ellis, Email: guinevere.ellis@wilkinskennedy.com Tel: 01784 435561.

    Louise Mary Brittain, Liquidator

    21 July 2016
    • allyhall
    • By allyhall 12th Sep 16, 9:17 AM
    • 19 Posts
    • 14 Thanks
    allyhall
    Viewpoint Salford, Manchester View, Aspen Woolf, Prime Noble Properties
    I have seen this posted on another forum for property investors-

    Have received sales details for this 'investment' from Prime Noble Properties (new company) and Aspen Woolf, it looks a far cry from these photos - In view of the number of failed property schemes in Manchester this is what the property looks like today. I would want to see independent evidence that the proposition is sound.

    http://bit.ly/2clqERW
    • Pollycat
    • By Pollycat 12th Sep 16, 12:22 PM
    • 15,251 Posts
    • 35,388 Thanks
    Pollycat
    allyhall

    Username 'off to market' has posted the identical thing on 2 separate threads here on MSE.
    • mostonanne
    • By mostonanne 1st Oct 16, 8:52 AM
    • 14 Posts
    • 19 Thanks
    mostonanne
    Charles Alexander Clunie Cunningham is now running DS7 Limited. Previously he was the director of the following companies:

    Fresh Start Living Limited : In Liquidation and exposed on BBC Ripoff Britain

    EPG Adelphi Limited : Dissolved

    EPG Sentinel House Limited : Dissolved

    EPG Globe Works Limited : Dissolved

    Live At Property Limited : Dissolved

    HFEC Limited : Dissolved

    PF Advisors Limited : Dissolved

    EPG Lettings Limited : In Voluntary Arrangement

    EPG Grove House Limited : Dissolved

    Now he has taken over Olicana House, Bradford - the subject of a Police probe

    http://www.thetelegraphandargus.co.uk/news/14763412.Firm_takes_on_city_centre_flats_scheme_at _centre_of_Hong_Kong_police_probe/
    • mostonanne
    • By mostonanne 10th Oct 16, 10:06 AM
    • 14 Posts
    • 19 Thanks
    mostonanne
    DS7 Manchester, DS7 Ltd, DS7 Limited, Charles Cunningham, Olicana House Bradford
    Investors' concern at new plans for Olicana House development


    BUY-TO-LET investors left out of pocket by the collapse of a development company have raised concerns about the firm now in possession of the building.

    Former council office Olicana House, in Little Germany, Bradford, was being turned into flats by Absolute Living Developments (ALD) when it went into liquidation earlier this year, sparking an international investigation.

    In total, 49 flats at Olicana House were incomplete, despite buyers paying sizeable deposits for them.

    The building is now in the hands of another company called DS7, which had been a secured creditor in the project.


    http://www.thetelegraphandargus.co.uk/news/14791574.Investors____concern_at_new_flats_plans/
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