Failed Property Investment in US - Recouping Costs

The problem

This claim arose out of a failed property investment by a UK couple, towards a new development in the USA. The claim was against either the US developer and/or the UK property brokerage. Having transferred the investment monies, the development was never progressed. The couple chased the return of their monies without success for two years.

How Escalate helped

Upon engaging us, the Escalate team managed to secure the return of the couple’s full investment plus costs within two months.

The key to recovery was establishing that the monies never in fact left the accounts of the brokerage in the UK, and then applying pressure to the brokerage to force their return.

Amount Total

£138,000

Armstrong Watson has been given the rights to use this case study by Escalate, an award-winning, accountancy-led commercial dispute resolution service.