Liverpool Daily Post - Liverpool FC - Liverpool FC News - Liverpool property investment firm wound up after shares ‘scam’: "A MERSEYSIDE property investment company has been wound up after deliberately misleading potential investors.
European Property Management (EPM), registered in Penny Lane, was set up to buy and manage properties in European Capitals of Culture as they were announced.
The Insolvency Service said the company cold-called investors and took £853,395, but paid 65% of that to staff in commissions, which amounted to £529,945.
It left less than 30% of funds to be invested in property."
Saturday, 19 June 2010
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