Revealed: Harlequin boss misleads investors about FSCS support for troubled trust

Laura Miller

Harlequin chairman David Ames is misleading investors into thinking the Financial Services Compensation Scheme (FSCS) backs a controversial trust he is trying to use to rescue his troubled overseas property scheme - a claim the scheme vehemently denies - information obtained from separate sources suggests.

In a conference call with about 70 Harlequin investors on 31 July, Ames said he and his legal team had met with the FSCS, that it supports the Harlequin trust, and that investors must join it or risk missing...

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