Top SFO Investigation Specialist Criminal Fraud Defence Solicitors Bark & Co Law Firm Represent Clients Accused of £76m Fraud Involving Luxury Care Homes
As the best SFO Investigation Solicitors in the UK, we have been selected to represent two individuals associated with Carlauren Group who are under investigation by the Serious Fraud Office for an alleged £76m fraud involving luxury care homes.
The SFO has carried out raids in Hampshire and Buckinghamshire as part of an investigation into the UK-registered property developer, the Carlauren Group, which collapsed into administration in November 2019, requiring some elderly residents to vacate their homes and leaving over 600 investors out of pocket.
Over four years, the Carlauren Group purchased 23 properties across the UK, mostly former hotels, offering an annual 10% return on investment in its renovation of these properties into high-end care homes. Over 600 people and companies invested in the scheme via purchase of rooms that were to be rented out to elderly residents.
Only nine of the properties were ever operational and some continued to be run as hotels, instead of homes. The group also purchased a number of vehicles purportedly for the company including two Lamborghinis, a Mclaren 570GT, a private jet and two yachts.
