You may be aware of EcoHouse Group Developments Ltd.
EcoHouse supposedly invested in the construction of social housing. They offered investors the opportunity to invest in social housing in Brazil and claimed a connection with the Brazilian Government who denies any relationship between them.
In November 2014 the EcoHouse office closed and they failed to pay interest on £20,000,000 for investors. Brazilian police are now probing into the company for alleged fraud.
Has anyone recovered their funds?
My partner and I lost over £75K! It’s absolutely outrageous how they can just close their company and go into liquidation, when they have probably set up another company under a different name. I wish the FSA would spend more time and effort cracking down on these criminals!