Five "unscrupulous" connected companies involved in dubious property investment schemes in the UK and in Spain have been put into liquidation in the High Court.
Company Investigations of the Insolvency Service uncovered a string of lies, forged signatures and missing paperwork at Property Legal Services (London) Limited, Property Legal Services (2007) Limited, Overseas Legal Services Ltd, Enjoy Property Ltd and United Holdings & Investment Limited.
They were linked in the operation of three distinct businesses: a "fractional investment scheme" in which victims became minority owners of properties; a scheme involving the transfer of off-plan properties in Spain and most recently a scheme involving the same-day transfer of property in the UK.
All of the companies were associated with 51-year-old Clive Ballard of north London and in the case of PLS (London) Limited and PLS (2007) Limited, struck-off solicitor Michael Alexander, aka Michael Mendoza, aged 60.
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