Darkknight Ventures LLC and co-plaintiffs awarded nearly £2m in damages and costs following investment fraud ruling
LONDON, Aug. 9, 2021 /PRNewswire/ — Darren Shirlaw and Anna Barton, his partner in a business coaching venture, have been ordered to pay damages and costs of nearly £2m to three investors who sued the pair for fraud.
Shirlaw and Barton were found jointly liable for fraudulent misrepresentation at Central London County Court.
Judge Monty QC said Shirlaw and Barton were “wilfully and deliberately dishonest” in sales pitches to investors they sold shares to. The judgment found that valuations Shirlaw gave for the business he sold shares in were “totally illusory.”
Shirlaw and Barton were found to have fraudulently misrepresented the value of Shirlaws Group Ltd, at the time registered in the British Virgin Islands, telling investors it was worth up to £60m at a time when its real value was between £290,000 and £635,000.
Darren Shirlaw has operated “business coaching” ventures using the name Shirlaws in the USA and Australia…