care home investment

Carlauren Group

Carlauren Group 2000 1333 Safe or Scam Support

Safe Or Scam, in collaboration with a business recovery and insolvency practitioner firm, and a respected UK law firm, has informed investors in Carlauren Group properties of an action designed to protect, preserve and potentially recover their investments.

Carlauren Group has sold individual rooms which it describes as “care studios” in more than 20 properties. The company has raised more than £80 million from ordinary investors with the promise of guaranteed rental levels. Three months ago the rental payments stopped.

Carlauren Group is controlled by one man – Sean Murray.

Even if all the properties were sold investors would not recover their money. The typical Carlauren model was to buy a property for 1X and then sell individual bedrooms to investors for a total of 4X. So a property which cost £1m would have the bedrooms sold off for £4m. It is a shocking model with only one aim in mind.

To make matters worse, Carlauren would then mortgage the communal areas in which they have retained ownership in order to raise more money.

Lenders are not stupid. They would have secured themselves in first position. In many cases, if not all, the refurbishment of properties was carried out by a building company owned by Sean Murray. We suspect that Sean Murray is now a very rich man.

One might have expected that these mortgages on the communal areas would have resulted in the money being used for the property. One would have been wrong. The charges often show that whilst the mortgages were secured against one property, the “borrower” was another entirely separate Carlauren company. In other words, the value in one property was being mortgaged to purchase another property for which Carlauren could then sell off those rooms at grossly inflated prices. It was a regular conveyor belt of properties each generating 4X the purchase value every time by selling overpriced rooms. This is all very indicative of a Ponzi Scheme.

Interesting that there is one “go-to” lender in all of this.

It is impossible that investors will recover their full investment from the sale of the property portfolio. The best outcome for investors is to place the portfolio into administration so that it can be properly managed by professionals whilst a full investigation is undertaken into Sean Murray, his management team and the sales network.

We expect this to result in legal claims against the parties involved. Any investor who considers buying a room in any large property, whether that be a care home or a hotel, needs to stop and reconsider. These are terrible investments which we can almost guarantee will end in failure.

Safe Or Scam is involved in investigating other hotel and care operators.

To read our previous blog entry on Carlauren Group please click HERE.

To read our later blog on Carlauren Group please click HERE.

 

    Investigating investments is a regulated activity in the UK. We have chosen NOT to be FCA-regulated. As a result, British citizens are not allowed to view our content, use our services or benefit from the regular Scam Alert warnings on our blog page. This restriction only applies to citizens of Great Britain and does not apply to other countries. A lot of scam victims around the world regularly view our website and benefit from the information we provide. We are not required to check who visits the website and we do not record any information on anyone who clicks the "I CONFIRM" button below. 

    Safe Or Scam is prohibited by the Financial Services and Markets Act 2000 (and associated regulations) from allowing individuals ordinarily resident in Great Britain to access our pages or use our services. Therefore, if any one of the following three statements apply to you the FCA prohibition applies.

    1.  I am currently ordinarily resident in the Great Britain; or
    2.  I was ordinarily resident in the Great Britain at the time I made my investment; or
    3.  I made my investment through my company which is incorporated under the laws of England and Wales and Scotland.

    If NONE of the above apply you may proceed to have free access to the website by clicking the "I CONFIRM" button below.

    I CONFIRM

    Our Scam Alert articles are sponsored by a not-for-profit UK company which is permitted to provide services to residents of Great Britain. If you are prohibited from viewing this website because one of the statements above apply to you, but you would like assistance from the UK company, please complete the Contact Form below. Please note: if you meet the requirements to click the "I CONFIRM" button above, you do not need to complete any details below.   






      By Submitting you agree with the SOS Privacy Policy