On 7 June 2019, James Moore was found guilty of wire fraud and conspiracy for his role in the Bar Works investment scam. Moore was convicted after a one-week trial before the U.S. District Judge Richard M. Berman.
On 23 May 2019, the US Attorney’s Office for the Southern District of New York put out a press release about the case against Renwick Haddow and others involved in the Bar Works scam. The press release includes the following statement:
Capital Alternatives Limited was part of a network of scam companies that offered “investments” to the general public including a rice farm in Sierra Leone, and carbon credits from projects in Sierra Leone, Brazil, and Australia. Last week, the High Court in London found that these “investments” were illegal collective investment schemes.
Asia Beijing Corporation is cold calling victims of Renwick Haddow’s scam, Bar Works. Asia Beijing Corporation claims to be able to “exchange the toxic asset” for shares in Ant Financial Services Group. Of course, Asia Beijing Corporation is running a ridiculously obvious recovery room scam.
Last year, REDD-Monitor wrote a series of posts about Renwick Haddow’s latest scam, Bar Works. The most recent post was in July 2017, after the Securities and Exchange Commission filed a legal complaint against Haddow. The complaint alleged that Haddow fraudulently raised almost US$38 million from investors.