Wed. Sep 30th, 2020

Financier ‘used investors’ money to fund lifestyle’

Founder of Carlauren Group raised £75m but bought yachts and cars, high court hears

A financier behind an investment scheme bearing striking similarities to the one run by the disgraced businessman Gavin Woodhouse used investors’ money to fund a lifestyle that included a private jet, a fleet of yachts and luxury motor vehicles, the high court heard on Tuesday.

Sean Murray, the 53-year-old founder of the Carlauren Group, raised more than £75m from private investors who were offered the chance to make 125% profit over 10 years by buying rooms in care homes and hotels.

Continue reading…Founder of Carlauren Group raised £75m but bought yachts and cars, high court hearsA financier behind an investment scheme bearing striking similarities to the one run by the disgraced businessman Gavin Woodhouse used investors’ money to fund a lifestyle that included a private jet, a fleet of yachts and luxury motor vehicles, the high court heard on Tuesday.Sean Murray, the 53-year-old founder of the Carlauren Group, raised more than £75m from private investors who were offered the chance to make 125% profit over 10 years by buying rooms in care homes and hotels. Continue reading…

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