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.

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