Did you invest in Brazilian Property ?

EcoHouse Group

WHAT NOW?

Eco House and Saunders &Co were investigated by the SRA but were indifferent to the devastation that the fraud has caused the clients. They have repeatedly refused to revisit justice or offer redress against fraud.

About

  • 2012

    In 2012 Private investors were invited to invest in Eco House Group (Brazilian property) with a promised return of 20% payable on the 12 month anniversary of their initial investment.

  • 2014

    On 3 November 2014 Eco House suspended worldwide operations following the intervention of the Brazilian federal police who were investigating allegations of money laundering and tax evasion.

  • Eco House claimed

    Eco House claimed to have owned the land that would be developed but they did not own such land.

  • Secure in Escrow

    Saunders & Co were appointed the fund’s “administering lawyers” to provide a veneer of respectability to the scheme and added credence to the assertion that funds were secure. Secure in Escrow. The money was NOT held in escrow.

  • Ponzi scheme

    Eco house was therefore submitted that this set up was a classic Ponzi scheme, in that investors deposited £31.77 million with Sanders & Co, who in turn deposited the same amount to Eco House, who then returned £4.58 million to Sanders & Co, of which £4.54 million was used to pay out early investors their original investment plus 20% after 12 months.

Contact Us

Address

Suite 4, Anchor Springs, Littlehampton, West Sussex BN17 6BP

Give us a call

01903 - 868251

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