Liquidator freezes Arden Forestry bank accounts

Company appeared to have “many of the features of a classic pyramid or Ponzi scheme”

18th December, 2016
A flyer that was used to promote Arden Forestry

The provisional liquidator of Arden Forestry Management has secured a freezing order on two bank accounts linked to the company in Britain.

Declan de Lacy, an accountant with PKF O’Connor Leddy & Holmes who is the provisional liquidator of the company, has said previously that Arden Forestry Management appeared to have “many of the features of a classic pyramid or Ponzi scheme”.

Arden raised €4 million from investors to acquire forests...

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