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Bar Works: The return of Renwick Haddow

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Renwick Haddow is back. The man who ran the Capital Alternatives network of companies is a “key figure” behind a New York co-working startup called Bar Works, according to an article on The Real Deal website.

Bar Works leases or buys retail spaces and converts them to co-working spaces. Customers can hire a desk in one of Bar Works’ co-working spaces for US$550 a month. Bar Works’ co-working spaces also contain a bar.

The company has three co-working spaces in New York and one in San Francisco, and six more coming soon in New York, Miami, Las Vegas and Dublin.

Bar Works is raising money buy offering investments in its workspaces. According to a May 2016 Reuters article, Bar Works raised $1.5 million in a funding round.

Jonathan Black, CEO and co-founder of Bar Works told The Real Deal that Haddow is only a consultant. But the Real Deal has done an excellent job unearthing the links between Bar Works and Renwick Haddow.

The Real Deal article also points out the uncanny resemblance between Jonathan Black:

and someone called Frank Jones:

In a comment on REDD-Monitor in December 2016, someone calling themselves “Marksie” also outlined a series of links between Haddow and Bar Works.

And in case you’ve never heard of Haddow, here’s an introduction to his record in alternative, unregulated investments:



Bar Works to turn UK phone boxes into mini-offices

In addition to its co-working spaces and bars, Bar Works also plans to convert the UK’s red telephone boxes into mini-offices. In May 2016, Bar Works put out a press release that Reuters and several other news outlets ran.

Here’s an extract from the press release:

Bar Works Inc is about to launch “Pod Works” in London, Leeds and Edinburgh using old BT telephone boxes as mini-work stations for both entrepreneurs who are constantly on the move or for those who need a convenient place to work before a meeting or an interview.

Pod Works plans to charge members £19.99 a month to use the mini-offices. And the company is inviting investors to put money into its plans. The minimum investment is £23,000 and the lease term is 10 years. On its website Pod Works states that investors can earn 15% in fixed rental payments, “with a proven track record” and a 25% capital appreciation at the end of the 10 years.

Pod Works is obviously worth a closer look. Pod Works’ London address is 71-75 Shelton Street, Covent Garden, an address it shares with more than 18,000 other companies.

Bar Works’ press release about phone boxes and Pod Works’ website list Paul Quade of City Road Communications as a contact for further information. City Road Communications provided public relations services for Capital Alternatives.

Quade is certainly quick on the draw. He contacted REDD-Monitor in March 2014, less than two hours after I finished a post about Capital Alternatives.

Lorna Moore: Yet another link to Haddow

A company called Pod Works Workspaces Limited was registered in the UK on 3 May 2016. The company’s sole director is Lorna Moore.

Moore has commented twice on REDD-Monitor. The first time was in October 2013, with a comment about the Financial Conduct Authority taking Capital Alternatives and several other firms to the High Court.

Moore’s second comment was in March 2015. This was far more entertaining:

It is the intention of responsibleworldwide Ltd to take Mr Chris Lang to court with immediate effect and shut this site down immediately. Mr Lang is not a journalist, has barely a qualification at GCSE level and has no ability to make a fair judgement.

If this site still exists after Monday 23rd March 2015, Mr Lang will be fined thousands of pounds per day for breach of UK law. Anyone posting on this site after this date will also be subject to prosecution. Do take this seriously! Responsibleworldwide Ltd.

Unfortunately, I couldn’t find any trace of Responsibleworldwide Ltd on Open Corporates or Google, but here’s Lorna Moore’s page on LinkedIn:

She was director of a company called Invest Smarter Seminars Ltd, until it was dissolved voluntarily in March 2014.

In 2013 Lorna Moore’s company put on a series of “Alternative Investments Seminars” in London, Manchester, Bristol, Birmingham, Brighton and Leeds.

An Eventbrite announcement about one of the seminars in Manchester explains that,

This seminar is presented by Mr Chris Rathbone who has over 30 years experience in financial markets specialising in investments, pensions and taxation. For the last 5 years Chris has been concentrating on Alternative Investments and the benefits these can bring to you and your pension.

Chris will illustrate his presentation with some examples of Alternative Investment opportunities showing great returns. Sierra Leone Palm Oil and Australian Wheat.

Chris Rathbone, of course, worked for Capital Alternatives. Here are his contact details on an advert for Agri Capital, later renamed as African Land:


 

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314 Comments

  1. Good work Chris, it’s good to know that Renwick Haddow is still about as it means, hopefully, we investors who have lost a lot of money in Capital alternatives, and the regualtors will one day catch up with him!!!

  2. Let me guess, the potential returns on such a great investment will be around 20%.

    But it’s a stupid idea that makes no sense. Why work out (and pay) for the use of a very cramped telephone box where you obviously can’t even sit down when you can take your laptop/phone into a coffee shop and relax on a nice chair or sofa.

    However, it makes a lot of sense if you’re the one’s selling the idea and receiving lots of money from investors…

  3. Very strange all of this as I have it from a very reliable source that Mr Haddow was indeed involved at the beginning with Bar Works a fact which he hasn’t been shy on telling people but only in an advisory capacity. The juice however is he is actually a shareholder and active in a company called Our Space. Take a look at ourspace.work (couldn’t even get the .com!). Now this does have the hall marks of Mr Haddow. Bar Works is actually a fast expanding brand I went to visit their site on San Fran. It is a historical building and I hate to say it looks fantastic and more importantly was busy with paying members. Our Space on the other hand have opened a space in a secondary town in Spain and would you believe there exclusive agent United Property Group – United Property Invest – sell Our Space from the Our Space offices. The other key figure involved is Jim Moore of Inside Track fame. What a duo, Haddow and Moore in Spain selling a product that has more holes in it than my winter hat!

  4. Total fake work space with no members and run by kids from the ghetto, who are too naive to realize that JB is Haddow and Simpson is Milhench. Got to wonder who Kinard is…..look out.

  5. @Marcus, not convinced your post is genuine. It looks to me that you may be linked to Bar Works and are aiming to deflect attention away from the company.

    What we know for sure is that Haddow’s wife is described by Bar Works as a co-founder and is using a false name. We also know that the CEO of Bar Works, Jonathan Black (if he even really exists), is not keen for his face to be made public and uses a photograph of another person on his Linked-In page. We also know that Haddow is described in documents as ‘a principal’ of Bar Works i.e an owner, and his signature is on documents binding the company to contracts. It is not normal for a consultant to have the authority to bind a client to legal documents. Everything about Bar Works is suspicious and points to being controlled by Haddow.
    Perhaps @Greg is right and Jonathan Black is actually Renwick Haddow. That could be quite easily cleared up by Mr Black appearing in a video on their website or proving his identity to one of the journalists. It is interesting that Mr Black was only willing to communicate with journalists by email and didn’t offer to meet them where they would have got a good look at his face.

    Haddow was also ‘only a consultant’ to the Capital Organisation in the UK but it is common knowledge that he was the beneficial owner and, according to some reports, he and his colleagues ripped investors off for more than $150 million.

    Perhaps you are correct and OurSpace is another Haddow-controlled company, but you haven’t provided any evidence to support that allegation. My guess (and it is a guess) is that OurSpace is a copy of Bar Works and is being run by people who were previously associated with Haddow and who he now dislikes. OurSpace is based in Dubai. It is well known that when the FCA launched their investigation into Haddow’s operations several of his former colleagues relocated to Dubai and opened copycat operations. Maybe they are still there and have been following Haddow’s progress with a view to copying him or maybe Haddow has kept in contact and is behind OurSpace and Bar Works after all. I think it is more likely to be the former otherwise you wouldn’t have come on here bigging up Bar Works on one hand and rubbishing OurSpace on the other.

    I can’t help but feel that you are a Bar Works plant. To quote “I have it from a reliable source that Mr Haddow was involved in the beginning with Bar Works……. but only in an advisory capacity”. You don’t need a reliable source for that. We all know Haddow has been involved in Bar works since the beginning. Don’t be coy – who is your source ? Why are you not prepared to divulge his/her name ? Why isn’t that person writing to Chris Lang and providing him with evidence so that Chris can publish it here and put investors’ minds at rest ? If your source is on the inside why isn’t the company responding to this article and providing proof that the article is incorrect ? Why doesn’t Jonathan Black come out and provide evidence of his ID ?

    You gave away your true colours when you couldn’t resist inserting a very unsubtle promotion of Bar Works into your post. This was presumably aimed at investors who have read this report and are rightly concerned that they have been victims of a scam. “Bar Works is actually a fast expanding brand I went to visit their site on San Fran. It is a historical building and I hate to say it looks fantastic and more importantly was busy with paying members.”

    “Bar Works is actually a fast expanding brand….” – sounds like a line straight out of the Bar Works marketing brochure.
    The “….and more importantly was busy with paying members” is just so so obvious. I think most genuine people would have said “…..and there were quite a few people in there”.

    Obviously it is very important to Bar Works to keep the investment rolling in because Haddow’s businesses normally collapse as soon as money from new investors dries up. The best way for Bar Works to get new investment would be to disprove the allegations. Maybe @Marcus should pass that back to his ‘source’ / sponsors.

  6. Greg, you must be on something! I am at the West Village location regularly. The place is packed. Sounds like you either are an ex employee or competitor?

  7. Marcus Riley, do you have anything to say about Marksie’s very compelling points? Who is Jonathan Black?

  8. Also, @Marksie, do you have any evidence for these two points specifically?

    – “What we know for sure is that Haddow’s wife is described by Bar Works as a co-founder and is using a false name”

    – “We also know that Haddow is described in documents as ‘a principal’ of Bar Works i.e an owner, and his signature is on documents binding the company to contracts.”

    Thanks

  9. @Jan Novak, I don’t have any evidence myself. My comments were based on the article written by the TheRealDeal who had a team of people looking into Bar Works and made those claims.
    If you go to ‘The Return of Renwick Haddow’ above and click on the word ‘article’ it will take you to the piece written by TheRealDeal. If you are looking for hard evidence you could contact the reporter and ask how they obtained it. He has asked people to contact him (see bottom of the article).
    @Greg – how do Simpson and Kinard fit into this? Are they part of the Bar Works team and how do you know that Simpson is Milhench?

  10. Looks like the USA isn’t big enough for Bar Works. http://www.clinchproperty.com are offering the latest Bar Works venture. This time it’s in Turkey.

    “Purchase a 99 year lease in Bar Works third property located at the Sea of Marmara Istanbul and earn up to 16% PA.
    Take the opportunity to gain from the explosion in the demand for shared office work space, which is one of the fastest growing segments of the property market.
    Trade has long been the lifeblood of Istanbul, and today roughly 30% of all of Turkey’s commercial companies are reckoned to be located in the city, making the local chamber of commerce one of the largest such organizations in the world.

    Limited availability at the Beylikduzu district
    No upkeep or maintenance fees
    Potential 16% rental income per annum
    Rental payments paid monthly – first payment received within 14 days from investment
    Buy Back option at 125% after the second year
    Investment and returns in USD $ which provides stability in these volatile times.”

    Don’t be fooled. If Haddow is following his usual practice your rental payments will be taken from your own investment money and paid back to you in small amounts. That way he gets people going online to say what a great investment it is because they invested their money and started getting rental payments straight away. Those positive reviews bring in 10 times as many new investors. It’s classic Ponzi scheme strategy.

    Many Haddow-controlled companies have promised buy-backs but not one has ever bought back any investment and none of them have maintained rental payments for very long.

  11. TheRealDeal is still highlighting serious concerns over Bar Works and whether investors are being conned out of their money. https://therealdeal.com/2017/02/24/bar-works-scrubs-mystery-ceos-name-from-docs-continues-to-raise-money/?utm_source=internal&utm_medium=popular_widget&utm_campaign=posts_popular
    A genuine company would be desperate to meet the journalists to put the record straight. Bar Works is working very hard to avoid contact with the journalists which suggests they have something to hide.

  12. Are there lawyers that we can contact, as a collective, to try and recover some of the money already invested?

  13. Good article but dig deeper
    UPI, Jim Moore, ourspace to start with

  14. @Scotty – Marcus Riley beat you to it with this comment. See also Marksie’s reply. If you have any details or further information to add to this discussion, that would be great. Thanks!

  15. Anyone who invests into a ‘license’ with no asset backing the return must be crazy or had one helluva ‘pitch’.
    I don’t understand how a ‘buyback’ can even be offered at a fixed rate? Does the desk increase in value over time?

    I wonder why ourspace was set up if barworks and all involved were raising so much cash?

  16. Is it true about Jim Moore?
    Does anyone know where he is?

  17. Has anyone tried to get lawyer to claim back the money before the model collapse? They could not answer my questions, they just keep telling that their venues are packed. If so, why facebook page only 521 likes and instagram only 390 followers? I am thinking their members are not more than 50 and that memberships only in West Village. Their business is super terrible, they just use new investors money to payout monthly rent do previous investors – absolutely Ponzi model.

  18. @Stephanie, I have the exact same concerns. Maybe we could set up a Facebook group to draw together other concerned investors.

    Do you have any experience with what steps to take when you think you’ve been drawn into a Ponzi scheme?

    Have you seen the ‘executive summary’? It states that the San Francisco location alone has a monthly turnover of $140,000. If that is the case where’s the pictures of all these happy end users, using the work spaces? A lot of the pictures used on their instagram appear to feature the same person!

    All logical thinking points towards the conclusion that returns are being paid with new investment money, rather than revenue from the Bar Works coworking spaces (ie: the definition of Ponzi). You would think that it would be possible, and indeed in the interest of Bar Works, to prove this allegation wrong and also for Jonathan Black to come forward publicly and make a statement. All very worrying.

  19. First off let me start with an apology. I did not mean to criticize or offend anyone who has invested into this or the ourspace schemes by using the word ‘crazy’. We’ve all had the slick pitch and marketing thrown at us down the phone at some stage and the marketing with this scheme is as slick as it gets.

    With respect to it being a Ponzi scheme, many of these types of schemes follow that model. This is all circumstantial at present until the serious fraud squad or lawyers or similar are contacted and it’s proven however it has all the markings.

    Let’s use an example. Investor puts in 100k. (These people tend to offer an ‘entry level’ always at circa 20k to generate more enquiries and then upsell and exploit the investor) They are offered say 15% return each year and a 125% buyback after 5 years (contract terms are normally so tight with these schemes and in favour of the ‘seller’ so you need a legal opinion on it).
    This means the investor gets 15k each year and 125k after 5 years. That’s 200k in total back for 100k in or 100% return.
    Doable? In some property markets, at a real push. The property would need to be undervalued to start with, tenanted and above all over 5 years increasing in value but if you look at the uk as an example you might get 5% each year in income and 5% growth so over the same 5 years, it’s basically half of barworks. And that’s probably in the most stable (or was), mature, legally tight market available right now.

    Now, work on this – if your 100k invested is actually only around 75k after the master agent, sub agent, barworks, directors etc have all taken their cut, the scheme actually has to yield 20% each year in income to pay you your 15% return and the growth aspect has to be over 65% over the 5 years to hit the buyback target.
    Doable?

    The ins and outs of which people are involved is really neither here nor there. What you have to assess is how you file and against which entity and in which jurisdiction if your lawyer advises to do so.

    This is a huge jigsaw with the outsides done. Finding the middle bits might prove tricky but someone (Serious Fraud/lawyers/FCA etc) should be approached and an investigation opened. Your agent won’t give you any information as I doubt they even know themselves what’s going on and who is pulling which strings and remember commission driven and already received.

    Not sure which forums/where you get the biggest numbers of investors to join but there must be hundreds, globally, affected.

    As I said Mr. Lang has done a good job so far but someone needs to take this to the next stage.

    Two phrases spring to mind; leopards and spots and where there’s smoke, there’s fire.

    Good luck to all

  20. Hi @Scotty, thanks for your input, you seem to have some experience with this type of thing. Can you tell us what similar schemes you have seen in the past and how they were dealt with?

    In the example of Bar Works, at the highest investment/return level, they offer 16% annual return with the option of a buy back at 125% after 2 years. Technically the investor is buying a 10 year, or even 99 year lease, but as I understand it, the buy back at 2 years is a kind of break clause.

    If somebody invested $125,000 (the minimum investment to get the 16% return, I believe), they would receive 16% the first year, broken into monthly payments, 16% the second year, then 125% at the end of the 2nd year, if they request the buyback. That gives a total return of 57% on top of the initial capital after 2 years.

    That does sound too good to be true, granted, but as you say, “slick pitch”.

    Can I ask you what you think the next stage is, specifically?

    Is there a particular lawyer/firm that would be especially suited to this type of thing that you know of? I’ve heard the Financial Ombudsman is only really effective with financially regulated companies, but they are free and even for a consultation, lawyers fees are going to mount up quickly. I’m also getting the impression that a large proportion of investors in Bar Works are UK based, though maybe there are a great many from all over the world. I do think that a lot of people have discovered this page though, so maybe here is a good place to try to ’round people up’.

    Serious Fraud is an option but as you say, all evidence is circumstantial at the moment and returns have been paid up to the present.

    I have actually contacted the FCA myself and, because Bar Works are based in the US, the FCA seem more interested in the UK based brokers of the Bar Works model. Obviously the brokers and Bar Works are all unregulated so I think the jurisdiction of the FCA is somewhat limited anyway.

    What you said about all the cuts that have to be taken by the various agents/sub agents/directors etc. has crossed my mind, then there is the matter of Pod Works in the UK which Bar Works appear to be funding. All of these different entities, as well as the different entities of Bar Works itself :-
    barworks.nyc, barworksusa.com, barworspartners.com, barworks.us make for, at the very least, a very complicated explanation.

    Everybody seems to be getting paid so far and I imagine, if the allegations are true, they are getting paid out of newly invested money, hence the seemingly huge/increasing amount of new brokers/agents appearing on several pages of google as soon as you search ‘bar works investment’.

    What do you take from the concerns about Bar Works’ low numbers on social media that Stephanie raised?

    Just out of interest, are you UK based? I am, by the way. And can you help in any way as we try and move forward and get to the bottom of this?

    I’m assuming the only logical next step is to speak with lawyers.

    One last question, for @Alic, who made an earlier comment:- Do you have any evidence for your claim of Lorna Moore being Renwick Haddow’s sister?

    Hopefully more and more genuine investors in Bar Works can get in contact through this page and we can attempt to figure out the best way of moving forward.

  21. @Jan – honestly? I wouldn’t know specifically who to contact and I’ll explain why together with the issues you face.
    1. As you rightly point out, you are in ‘unregulated territory’. Anything like this or property investment falls into this category. The upside is you can generate higher returns than the regulated sector. The downside is companies like this can set up, raise funds, disappear and you have no ‘body’ who can act for you. So the FCA probably won’t take it on unless it’s classed as a ‘collective scheme’. I presume though that the way they have got round this is to provide everyone with individual contracts or licenses?

    2. Jurisdiction – is the contract under US law or uk law? Do you ‘sit’ contractually with barworks directly or the master agent or the sub agent you dealt with? My guess and I emphasize a guess is that you filled in a form with your agent who then sent it on to the master agent who then send on to a lawyer in the US and you sent money directly to an ‘escrow account’?

    3. Returns are being paid – this is a tricky one. What do you do, wait until they stop and then look into taking action? Will it be too late then? Do you prep now for when it does happen? The first thing that will likely happen is a ‘delayed payment’. This could be genuine but could also be that the agents have had a slow month. This could well point you to the Ponzi idea as your returns are basically reliant on other investors.

    4. Number of entities and people involved creates a minefield of who you ‘go after’ if that’s your chosen route. People in this ‘field’ tend to set up things as complicated as possible.

    You need first of all to find out if any investors have been to any of the sites and seen them functioning.

    Is there a way of enquiring about membership to see/investigate how true their numbers are? Social media seems low yes and some ‘likes’ can be employees!
    Someone mentioned a turnover of $140,000 a month (!), is this just from San Fran site? Memberships or total turnover including wet and dry sales? Might sound odd that I ask but if say membership is I don’t know, $100 a month and each member spends the same again in food and drink etc, you need circa 700 members…. is there any way of checking this? Asking?

    Your agent – uk based or not?

    There are hundreds of agents now set up to sell this so I would probably approach one of them after compiling your concerns, let them ‘pitch’ you and ask a few questions as to HOW the returns are made and the buyback ‘works’.

    The 57% is frankly absurd and I still can’t understand how they can commit to paying you 25% more in two years than you invested??? It doesn’t make sense to me. I doubt even the wolf of Wall Street would get his head round it!

    1. Ask a lawyer to look through your contract and advise if under uk or us law.
    2. No harm in contacting someone like Serious Fraud to say you ‘think’ you’ve invested into a Ponzi style scheme and ask if they have had any other complaints.
    3. Ask as many questions on here, of other investors, agents etc as you can.
    4. Don’t believe this is not fraudulent until you have your proof. Too many people feel embarrassed to admit it or hope like hell its not and work on it’s not fraudulent until it’s proven!
    5. Don’t wait to take action of any kind as it might be too late. If you do your own real investigating and get your answers and everything is fine you will sleep a lot easier!

    If it’s all above board, you could be one of hundreds set for a healthy return but these things tend to run for 18/24 months before toppling. If you can get out at month 24, I would.

    Hope some of that helps.

  22. I’m still thinking about the numbers Jan you mentioned and it’s a bit like this:

    Imagine I’m a agent selling1 and 2 bedroom flats in the uk. (Let’s leave London out of the equation as will become apparent). I would have to sell you a 2 bedroom flat for £100k which was already tenanted and producing 16k a year. That’s about £1300 a month in rent. (*For a 2 bed flat costing £100k!?! ….plus the 16k to you is after any fees or margin for the letting agent so actual ‘market rent’ would probably be about £1500 a month). Now take into account the 25% ‘costs’ at the start (commission in barworks case) and that leaves the builder/developer with 75k. Work on rough rule of thumb of 1/3, 1/3, 1/3 (land, build cost, profit) and its build cost is £25k!
    On top and to boot Jan, after 2 years give it back to me and let’s set a sale price now of £125,000…… how does that sound to you?

    Let’s take Microsoft, owned by the wealthiest pulsating human on the planet. If you had taken a position 2 years ago until now, you’d probably be looking at about the same profit as barworks are predicting over the next 2 years so it is ‘doable’ however A). Nobody can predict the future, B). Barworks isn’t Microsoft (although probably has a similar number of agents!) and C). From what I’ve read, RH is definitely NOT Bill Gates.

    Let me think some more about this for you or has anyone else got some info I am missing?

    I’ve watched these types of investments over the last 15-20 years or so Jan and many fall over unfortunately. Let’s just hope you are all in the good ship that sailed but at the moment we seem to have boarded one with a few holes in the hull !

  23. @Jan Novak, my advice is to enlist the help of people in the USA otherwise you will struggle to get to the bottom of this.
    1. Send an email to the journalist at The Real Deal. He is based in New York and has now written two investigative articles about Bar Works. He seems to have people who can make enquiries and he may be able to help you.
    2. See if you can find an american investor who is concerned about their investment. Ask that investor to contact the SEC to report Bar works as a possible scam. The SEC won’t do anything for a UK investor. The SEC is far more pro-active and aggressive than the FCA. The journalist may know a US investor. They can use the fact that they think Jonathan Black doesn’t exist and the other founder is using a false name.
    3. Keep pushing for information on Jonathan Black. I think he is the key to this. If he doesn’t exist then everyone has been conned. Black’s signature is in the brochures so somebody had to have written it.
    4. Don’t wait until the two years are up. Act now. The buyback will never take place.
    5. Try this guy – Andy Culshaw Mobile: 07944685374 Email: info@barworksusa.com. He has a UK website promoting Bar Works and is a director of Bar Works USA Ltd. He doesn’t appear to be hiding because he has a picture of himself and his contact details on the website. I notice that the new top man at Bar Works, Franklin Kinard, has just formed a new UK company called Bar Works USA/UK Ltd (Formed 27th January 2017). That’s an odd thing for him to do and might suggest that all is not well with their relationship with Culshaw. I would not necessarily believe anything that they say to you. They are very good at lying, but it is worth a try. It’s possible that Kinard and Culshaw are still allies but it won’t do you any harm making contact. If they are allies you can ask Culshaw to hook you up with Kinard directly.

  24. @ Marksie – some great comments made.
    My one immediate question is whether US investors have actually taken part. The SEC as you say are stridtvabd exactly what the UKs FCA should be more like, protecting the investor as opposed to dealing with the fan after the **** has hit it.
    Anyway, no harm in getting the clarification first, maybe someone acts as a IS citizen to ask if they can take part?
    Personally I think Jonathan Black is either as real as Batman or he does exist and is receiving a nice little earner from them to use his name etc.

    I hear that the other coworking opportunity/scam was set up after RH and JM fell out….. interesting.

  25. Jonathan Black is 100% Renwick Haddow.

    It is very simple how to find you. You compare Jonathan Black and Renwick Haddow profile on LinkedIn.

    Johathan Black – https://www.linkedin.com/in/jonathan-black-2b224510b/
    Experience:
    I have an extensive background in finance, having qualified as an Accountant. My career history has included working at senior level as a Stockbroker and Fund Manager with vast experience in the startup of ventures. I was employed for many years as a Finance Director/Financial Controller of two chains of bars in the UK including Regent Inns Plc with a market value $400m. More recently I set up a number of startup ventures including Car Share which is a car sharing APP. I saw the potential of shared work space and have used my expertise and experience to finely tune the model to overcome the deficiencies in the current offerings which I had previously encountered when renting serviced office space. My focus is on building a marketable brand and ensuring above all that Bar Works first two sites are successful before rolling out the brand.

    Renwick Haddow – https://www.linkedin.com/in/renwick-haddow-779421/
    Experience:
    Financial Controller
    Company Name Regent Inns plc
    Dates Employed 1993 – 1998 Employment Duration 5 yrs

  26. If you do a quick search on Mr Culshaw and read his website he offers a personal service to his clients, many multi millionaires etc however I wouldn’t expect to meet him in person at his offices. At the address listed, this is what you get:

    9106 companies located at: 71-75 SHELTON STREET, COVENT GARDEN, LONDON

    Try his mobile as suggested but both the use of virtual or serviced addresses and/or using non geographical or odd sounding numbers is a sure fire recipe for someone calling from somewhere other than they actually are. The ability to ‘push’ numbers these days means anyone can suggest they are based in London for example but actually be in a completely different country.

    Personally I think as I stated before that this scheme has been marketed globally.

  27. @ Marksie – If the investors or lawyers can prove that JB is definitely RH and he has therefore used a false identity to sign documents, is this not grounds for fraud?

    Someone mentioned Lorna Moore being RH’a sister. Does anyone know if it Is a coincidence of names or is she married to Jim Moore making RH his brother in law? If so, this is all really bizarre.

    Is it possible that barworks raised money/made returns in a ‘dodgy’ way to start with and tried to copy Weworks model by leasing the buildings but then thought we need to buy a building to add some substance? RH and JM and UPI then all fallout so JM decides to start up his own ‘brand’, ‘arsespace’. UPI then switch and act as master agent for them. contact all the barworks investors and say they are dealing with sites outside of the USA and piggyback?

    My goodness this is a plot and a half if all proven.

  28. @Stephanie, that was a good spot about Regent Inns. It does look very likely that Jonathan Black is really Renwick Haddow in which case US investors should definitely be involving the SEC.
    For the moment I am going to sit on the fence regarding the Bar Works – Ourspace link although it seems increasingly likely that they were hatched from the same brood. It hasn’t been proven beyond any doubt that Haddow and Moore know each other and have worked together, but there is quite a bit of circumstantial evidence.
    1. Both were active in the UK at the same time. Both were amongst the biggest marketers of UK alternative investment promoters so it is almost certain that they would have met at some point.
    2. Both were employed as ‘consultants’ to recently established companies focused on leasing desk space.
    3. This is a blog about Renwick Haddow’s involvement in Bar Works. @Marcus Riley brought Ourspace into the discussion but then gushed praise on Bar Works. I suspect that post was a plant by Bar Works so it does suggest that there is bad blood between the two companies. Perhaps the people at Bar Works think Jim Moore/Ourspace gave the TRD journalist the information which enabled him to write his first damning report ?
    4. There is something a little bit odd about the news on the Ourspace website. It mentions Jim Moore and says:
    “We understand that Jim who worked with us as a consultant to OurSpace has relocated to the USA in order to handle some key personal and commercial issues and will no longer be working with OurSpace as a client. We extend our sincere thanks for his contribution and our good wishes go with him and his family for the future.”
    Now that is a major coincidence. But one has to ask why Ourspace even put that up as news on their website and phrased it in that way? It is almost designed to confirm the conspiracy theory. Firstly “We understand….”. This implies that Jim Moore never told them himself that he was moving to the USA and ceasing the relationship. Perhaps this is Ourspace’s way of trying to distance themselves from him because of the bad press they have been getting.
    Secondly, why tell everyone that he has relocated to the USA ? It is almost saying “Jim Moore has gone to link up with Renwick Haddow, Bar Works or both”. Why tell us it involves “key personal and commercial issues”. That might be a way of telling everyone that Lorna Moore is Jim’s wife and that they are involved with Bar Works in some way. So many possible permutations but this piece of news has been put up for a reason and I feel it is not just to wish him well.
    Haddow has a history of falling out with partners and then making good when the **** hits the fan. Investors in African Land will remember when Capital Alternatives sold more than $8 million of the rice farm land that didn’t exist. They didn’t tell Robert McKendrick of African Land. He was furious and there were threats of legal action between the parties. One might think that McKendrick was demanding that Capital Alternatives return the money to investors. They would be wrong. McKendrick was upset that he hadn’t received his cut. In the end they shared the money between them, the legal threats ceased, nobody got any land and investors were defrauded. Maybe Moore has taken his family to the USA to kiss and make up with Haddow ? If that is the case it can’t be good news for investors.
    @Scotty – how did you hear that Haddow and Moore had fallen out ? This would confirm that they definitely know each other and had been working on the same project. Also, do you know for sure that UPI was marketing Bar Works first, then switched to Ourspace and began contacting Bar Works investors, or is this just a theory at this stage ? Are there any Bar Works investors out there who could confirm whether they were approached by Ourspace ? Does anyone have a contract they can post so we can see how they have structured the deal ?

  29. @Scotty & @Marksie, what is UPI marketing?

    I am not US investor, do you know or do you have any suggestion what can I do? Any US investors here reading this comment? Please let me know.

  30. @Marksie – mine is theory however I don’t think it’s too far from the truth.

    I’ve been following this for about 18 months. Honestly, I didn’t know how anyone could compete with the ‘numbers’ being banded around so I decided to dig and dig and dig.

    I have spadefuls of theory as it’s like trying to piece together a homicide case however someone needs to get the link between RH, UPI and JM in writing or confirmed to progress it to the next stage.

    Apologies for bringing arsespace into it but my belief as I said right at the start, was to dig deeper into these 3 entities. They are or were definitely connected.

    Does anyone have a marketing email or brochure relating to barworks and UPI to start with?

    And ditto arsespace?

    I heard that the Spanish arsespace they were offering was actually the UPI office!

    As for JM, there is an incredible possibility regarding the post on their website but their words are full of it and they look to be distancing themselves from him now too in my opinion.

  31. Has anyone been on the UPI website recently?

    Dropped ourspace??
    Now selling signature works? – big developer in Liverpool and good at what they do

    Maybe they are independent and have decided to go straight and drop all connections to RH & JM?

  32. @ Stephanie – where are you based, who did you deal with and did you invest in barworks or ourspace?

  33. @Scotty I am based in Asia, what is UPI marketing? I invested in Bar Works. Do you also invest in Bar Works?

  34. @Stephanie – you’ve proved to me and us that this went global anyway if you are based in Asia.
    Did you invest via an agent based in Asia or another part of the world?
    UPI or United Property Invest started off with barworks, moved onto ourspace and are now working with a few different projects by the looks of their website.
    No, I personally have not invested into their schemes.
    How long ago did you invest Stephanie and have you received your returns?

  35. Has anyone looked into contract terms yet or jurisdiction?

    I’m tempted to write a book or blog but am confused why this thread is not attracting more input.

    Somebody has to find out where the investors stand contractually and if definitely under US law.

    Somebody has to contact the SEC who will have a field day with this if proven to be a Ponzi.

    The investors need to find a way of grouping together and if applicable filing as a group.

    No point going to your agent or the master agent as they will just say they were acting as a marketing company.

    These people are ‘good’ at what they do but after time they drop the ball on occasion. Someone needs to find out where they have dropped it. JB’s real identity? RH involvement? Connection to JM? Why ourspace was formed? Who is behind it?

    Timeframe – act fast and before it’s too late.

    Phone sales – strange how we buy things on sight most of the time for smaller purchases but with an investment of any size, we do it over the phone.

    Dig into where JM is. Yes in the US but why and where. Rumour is his ‘commercial and personal issues’ or however they described it is more ‘handcuffs and chains’ for a completely different wrongdoing but ask yourself this. If he is currently in the US for a matter separate to this, can you trust his integrity? If he was in business originally with RH for barworks and then split, why was this? Why won’t the biggest lead generator in the uk not deal with them? What’s the connection? How do you piece it all together?

    There is a lot to do and it won’t be easy but now is your time to act. Seize the opportunity and don’t delay. Make the connections.

    Ok, I am off to put together some research for another client on a shady property deal.

    Good luck everyone and keep at it.

    Please remember that my opinions and comments are based on theory, research and suggestions but if anyone has any questions, happy to try and answer them.

  36. @Scotty @Marksie @Jan Novak, can I have your email address please? I don’t like to comment too much here. I believe there is someone from Bar Works is watching us here.

  37. @Stephanie, @Scotty, @Marksie, and @Jan Novak – Please don’t share your email addresses here. Instead, send me an email (reddmonitor@gmail.com) to confirm that you’re happy to share your email address with Stephanie, and I’ll pass on your email address to Stephanie. Thanks!

  38. P.S. Obviously I can’t vouch for any of you – or for anyone else commenting under a pseudonym on REDD-Monitor.

  39. @Chris – Are we able to email you directly with our findings, suggestions and thoughts for you to investigate further on behalf of the group?

  40. @Scotty, you say you haven’t invested in any of the schemes, so can you tell us what interest you have in any of this? Are you working on behalf of other potentially defrauded investors?

    The connection to UPI, Jim Moore and Ourspace seems to make all of this all the more complicated and I feel like, as mentioned before, the best bet for investors is to prove the identity of Jonathan Black. If he is Renwick Haddow in disguise then this is clearly a case of fraud as it is Jonathan Black’s signature on the lease agreements.

    Also @Scotty, please could you explain why you think Jim Moore is such an important figure to look into and also your point about the biggest lead generator in the UK; who is that?

    Finally, @Marksie, could you also tell us your interest in all of this, if you too have not personally invested in Bar Works? The whole case, and now even this comment thread is becoming so convoluted that it is barely understandable.

    I have a feeling that in the case that Bar Works does have this rotten core, and eventually goes bust, the senior figures involved (who I imagine have already transferred huge amounts of money into offshore accounts) would be able to claim that Bar Works was a legitimate company that simply didn’t work out, like so many other young companies. After all, there is evidence of these Bar Works sites being in existence. Would that mean that investors have little to stand on? Is this some kind of ‘perfect’ scam?

  41. @Scotty – Feel free to email me. Of course I can’t promise to find out anything, but I’ll see what I can do.

  42. @Jan Novak, 100% fraud and 100% fake signature of Jonathan Black. Jonathan Black is not exist, he is actually Renwick Haddow, trust me.

    @Scotty @Marksie @Jan Novak, do you know any lawyer that can help me? I am overseas investor, not US resident.

  43. @Jan Novak, this blog has only scratched the surface of the Bar Works story. It will get more and more complicated.
    I agree that Jim Moore, Lorna Moore, UPI, Ourspace etc are coincidences that should be kept on file, but they are a distraction. If you were to try to invest in Ourspace you would have to certify yourself as a High Net Worth Individual (HNWI). I know because I tried to go through their investment procedure. That puts the investor into an entirely different sector of the population and means that he/she would have virtually no right of redress through the FCA. I don’t know if Ourspace has always had this requirement or whether they recently introduced it but it does show the types of people they are targeting. Bar Works does not do this. It targets ordinary members of the public which puts it firmly in the realm of FCA intervention. However, as Bar Works is a US company the FCA would have to go after the UK-based brokers who are selling the product.
    The real story is Bar Works, Jonathan Black, Renwick Haddow and his wife. So we have to look at the most basic facts and start there.
    1. Who is Jonathan Black ? What is Franklin Kinard’s background ? He is the new CEO of Bar Works and has anyone written to ask him about Jonathan Black ?
    2. Who are the directors of Bar Works Inc ? Has anyone written to them ?
    3. Who are the other senior people in Bar Works ? There has to be one honest person among them who can’t be happy being involved in the company. Has anyone written to the senior managers ?
    3. Who are the shareholders in Bar Works Inc ? Has anyone asked Franklin Kinard about the major shareholders ? This is very important because the shareholders control the company.
    4. @ Jan Novak, you would have invested through a broker. Has he asked these questions and if not, why not ? Under UK FCA regulations the broker is more liable than Bar Works itself. The broker cannot hide behind limited company or employment protection. He/she is personally liable and the FCA can confiscate their personal assets to reimburse investors. When you challenge your broker you should ask for proof of his/her identity (passport or driving licence) because almost all of the dodgy ones use false names.
    5. Outside of the SEC and financial regulators is there any other route that can be followed to threaten closure of Bar Works Inc ? Who owns the properties that they are leasing ? Are they aware of this blog and the major questions over Bar Works that the company is refusing to answer ? Make life difficult for Bar works Inc until they come forward with answers.
    There is a saying in police circles – Always Follow the Money. Haddow and his mates set these things up for one reason only – to put cash in their pockets. @ Jan Novac, who did you pay your money too ? Was it the broker or a holding company or Bar Works Inc ? Look closely at the name because it might not be Bar Works Inc. It could be Bar Works Holdings Inc or Bar Works Secretarial Inc i.e a different company to provide protection for Bar Works and to enable funds to be siphoned off. At some point the company that received your money had to distribute it. That is normally when the investigating authorities find out how much went to your broker in commission, how much went to Bar Works Inc, and how much went to the offshore accounts of the people behind the company. You should go in hard on that company because it controlled the money and can be the weak link in the chain. Often they get much less out of the scam than the founders and don’t like it when you turn the heat on them. Let us know who it was because if it was an independent company we can blog about them and generate bad press if they won’t tell you where they sent your money. Often the threat of that is enough to make them cough up the info.
    Two final points.
    1. Don’t waste your time with solicitors. You will spend a lot of money and get nowhere. Been there – done that.
    2. Please don’t trust anyone on this blog or anyone who contacts you or joins you to take action. You don’t know any of us. Focus on things that are proven and not supposition because plenty of bad people will want to send you in the wrong direction. My experience is that action groups are always infiltrated and end up giving information back to their adversary. Out of every 5 investors there is always one who thinks the bad guys aren’t that bad and tells them what the other 4 are saying. @Stephanie should also be mindful of this when she wants to communicate outside of this blog. It carries risk.

  44. So, has anyone who is reading comment here tried to contact SEC and report Bar Works?

  45. @Stephanie – I have tried to report Bar Works to the SEC from the UK and they didn’t seem at all interested. You could try and see if you get a different response.

  46. Ok, I feel that I have maybe complicated this thread by the sounds of a few comments and if so, apologies.
    I will however try and explain why I made my original suggestion:

    There is no question that RH is at the core and he is the single entity you need answers from. If JB IS ACTUALLY RH which everything points towards, then as someone has mentioned, he has signed agreements, contracts, leases etc in a different name/identity which is illegal. This might be your best route or angle to the centre of this. It’s also been mentioned that the company might be seen as operational but didn’t turn a profit etc however this is not the point. The point is IF they have been raising funds from individuals to then pay back others, this is a Ponzi scheme where only the top tiers earn money and again is illegal.

    I agree that it only scratches the surface as barworks has done a very good job at creating the facade and it will not be straight forward to prove hence my suggestion to dig into the other entities on the periphery which might lead you in via ‘the back door’ so to speak.

    We know that the master agent UPI or UPG started with barworks and moved on to ourspace and have now dropped that.
    Proof of them being involved in barworks?

    http://www.opp.today/agents-wanted-for-next-big-thing-in-us-office-space-investment/

    We also know that JM was instrumental in ourspace which was being sold from the same offices as UPI and to back up my earlier cryptic message about why JM is currently in the US:

    http://www.iap-instant-access-properties.co.uk/jim-moore

    Forgive me but that IS a reason for UPI to distance themselves.

    My hope is that the whole thing will collapse as these people deserve to spend time however my fear is that If the investors wait to see what happens or do not take action/file a complaint, it will be too late and you will lose your money.

    Were funds sent to a barworks account or a lawyers escrow? Tell me they didn’t go direct to barworks?

    If the FBI is already investigating JM, surely now is the time to bring it to their attention and ask them to look at another of his companies ourspace. And whilst you are contacting them or the SEC, ask them to also investigate RH on the belief that ourspace was a spin off of barworks. The SEC don’t take kindly to fixed % returns and don’t allow US investors normally to invest.

    The FCA will say its unregulated so can’t help but would look into who has been promoting but I guarantee if you ask a ‘broker’ or joker broker as one of my colleagues terms them, to show their regulatory license etc, their stock answer will be ‘don’t need regulation to sell property or property based investments and we act simply as a marketing company’

    I’ve never met, spoken to or worked for RH, JM, barworks or ourspace but the entire telesales/broker/investments sector needs a real kick up the * and regulation of sort.

    I cannot be much clearer than the above

    Good luck and let’s hope someone can start the process and maybe even book JM and RH into the same cell!

  47. @Scotty The funds go direct to Bar Works.

    Bank Name: JPMorgan Chase Bank
    Bank Address:
    Broadway & 61st, New York,
    New York, 10023, USA
    Account Name: Bar Works Inc.
    Account Number: 790961622
    SWIFT: CHASUS33
    Routing Number: 021000021
    Address: Lincoln Center, New York,
    New York, 10023, USA.

    I don’t know is there any investor is going to take action. I can’t do anything because I am non US resident, can you help to call SEC and report it?

    My guess is none of the investors here is going to take action because they are comfortable with their monthly income received. That is totally fraud Ponzi scheme. Sooner or later it will collapse, while it still has time, I beg someone who is reading this, please try to call SEC and share it here what is SEC response?

  48. @Jan Novak, like what was commented by @Marksie:

    See if you can find an american investor who is concerned about their investment. Ask that investor to contact the SEC to report Bar works as a possible scam. The SEC won’t do anything for a UK investor. The SEC is far more pro-active and aggressive than the FCA. The journalist may know a US investor. They can use the fact that they think Jonathan Black doesn’t exist and the other founder is using a false name.

    Because you are from UK that is why SEC did not interest. We need some investors from US to call SEC and report it seriously.

  49. @ Stephanie – I cannot report it as I’m not involved and I seriously doubt any US investors are involved because of the strict restrictions they have via the SEC but it’s worth a go to find out if any are.
    Maybe interpol? Or Serious Fraud in uk first who then may take it internationally?

    To everyone involved – Don’t let the fact that returns are being ‘made’ currently stop you. That’s a short term position and mindset.

    If funds have gone directly to them im afraid you might have more issues but there should be a trail. Quite how you get access to that trail without involving the authorities is another story!

  50. JB is Haadow, Simpson is Milhench/millhouse, Kinard is….Kinard.
    Wake up people

  51. @Greg, Yes it certainly looks like JB is Haddow. You are sure of it but do you have proof ?
    In February I asked you how Simpson fits into this because I have not heard that name before. What role does Simpson play in the organisation and do you have proof that Simpson is Milhench ?
    Only when there is proof can we be sure. In the meantime we have to keep asking Bar Works to prove that Jonathan Black exists. We are 99% sure that JB was Haddow but 99% is not 100%.

  52. Pod Works’ London address is 71-75 Shelton Street, Covent Garden

    ‘Andy Culshaw Mobile: 07944685374 Email: info@barworksusa.com. He has a UK website promoting Bar Works and is a director of Bar Works USA Ltd. He doesn’t appear to be hiding because he has a picture of himself and his contact details on the website.’
    Address: 71-75 SHELTON STREET, COVENT GARDEN, LONDON

  53. Is there something stopping people from stating their personal interest in this case? @Marksie and @Scotty? I asked you both already and you seem to have ignored me.

    @Greg, I would like to ask you the same as what @Marksie put to you:- Some proof really would be helpful. And who is Simpson?

    Your input is appreciated but if you’re just going to make statements with nothing to back them up it’s not particularly helpful.

    I have personally invested in Bar Works and I am worried because of the points brought up on this site (redd-monitor) , and TheRealDeal. I have spoken at length with Chris Lang of redd-monitor as well as Konrad Putzier at TheRealDeal, neither of whom seem to have any conclusive evidence of these allegations, but I agree that something definitely feels off about the whole thing. Konrad at TheRealDeal informed me that he had been contacted by investors in Bar Works who are based in the US but when I requested that he ask them to contact me, it seems they have declined. I also asked him for a number on which to contact Kinard, which has not been forthcoming.

    It seems many people, on both sides of these allegations, are not being entirely open or honest with information which I just don’t understand. Surely, if the allegations are true, it is in everybody’s interest (except Bar Works, of course) to come together to get to the bottom of all this.

    Why does it feel like everybody, even the supposed ‘good guys’ who want to put a stop to these types of Financial crime and see an end to people getting conned like this (people on this thread included), has something to hide?

  54. @Jan Novak, you invested for how many spaces? Which country are you from?

  55. Jan

    People have to be careful writing on message boards like this when they attack the companies mentioned because many of the people behind these sorts of companies can afford to use very high priced lawyers. That is why you might get the impression people are holding info back as well as their true identities. It is understandable.

    As for something potential fishy going on, if investors ever smell fish coming from their investments or the people running them, it’s more often than not right. You smell fish, therefore you are right about your investment.

  56. @Jan Novak, I refer you to the final paragraph in my post of 30th March. For those reasons I prefer to work alone.

    I have been through your posts looking for information that you have given that might genuinely help the investigation move forward. I found very little information on your personal investment process. For example, you haven’t mentioned the name of the salesman and broker firm that you used in the UK and neither have you given any information on the contract you signed with Bar Works. This would be extremely useful in helping everyone understand where the get-out clauses for Bar Works are.
    I am sure an investor would have emailed both his broker firm and Bar Works itself pushing them for answers to all the questions raised in this blog and by theRealDeal, but you haven’t said anything about that or the responses that you would have got back from them.
    @ Stephanie has provided links that have helped put more pieces into the jigsaw. As yet, you haven’t provided anything of genuine substance. You have told us that you are a UK-based investor. If that is true you would clearly have documents and information that could help to shed more light but you have not shared them. Instead you have mentioned there has been no interest from the FCA or SEC (which are easy claims to make if unsupported by documentary evidence) and you have been fishing to find out more about other contributors.
    You need to respect a person’s right to anonymity and if you don’t like that then don’t read their posts. As for myself I am interested in the quality of the material a person posts, not in who they are. If a person wants to tell everyone who they are they will. If they want to remain anonymous I don’t care as long as the information they are providing is sound.

  57. All I can say is that if there are any actual investors on here who are genuinely concerned, as I think they should be, then they have been given so much information by various posts and people on here.

    People on here may not have invested into barworks but they may have invested into previous projects similar to or run by the same person. Once bitten.

    The signs cannot be much clearer, act now.

  58. @everyone – Are there any actual investors on this board or is this a waste of my time?

    2 Free bits of advice – everyone’s heard of the wolf of Wall Street but how many of you have seen Boiler Room? ‘Invest’ 90 minutes of your life to see how unregulated brokers work.

    If you receive an email offering an investment, as soon as you enter your details to receive more information, your details are stored by a marketing company and sold to a company selling the opportunity. Even if you unsubscribe you never leave ‘the system’.

    @Chris – Feel free to post on every board you run although if people are on these boards it’s probably too late.

  59. I am an Asia based barworks investor. This month I haven’t received my payment and when I contacted barworks to ask about the reasons of the delayed payment, I got no answer. Just a mail that we are checking the issue and then nothing… now they are not even answering my phone calls. I think it is only a question of time before they start doing the same with the US and UK investors.

    Please if there is a US investor reading this, I beg you to report Barworks to SEC to take action against them and don’t be fooled by the monthly payments, it will stop sooner than you expect as it was the case with me.

    @Stephanie @Scotty @Marksie @Jan Novak and @any other barworks victim reading this board, I am ready to join any action that can be taken against these scammers and to help with everything I can as I have invested directly with barworks and contacted several people there in the process.

  60. The actual investors don’t believe it will be too late as they are too comfortable receiving the monthly return payments. I am actual investor but not US investor, so nothing I can do. I am just begging and hoping if some actual US investors who are reading this, please take action to call SEC and report Bar Works, then please share here what are the actions you have taken.

    Until then, I can only wait and hope.

  61. If an investor is genuine they would describe their investment process i.e how they found out about the project, who they spoke to, what they bought and when. They would provide information contained in emails and letters from their broker and Bar Works, along with extracts from their contract because they would be wanting people on this board to help them recover their money.
    Nobody has done that so in my opinion there are no genuine investors posting on here. I’m happy for those people who claimed to be investors to prove me wrong.
    I am not bothered that no genuine investor has posted because I am sure that a lot of investors, and prospective investors, are reading the blog. This blog is highlighting serious concerns about the honesty and integrity of the Bar Works management and the legality of the investment package. Bar Works could squash all this talk very easily by proving the existence of Jonathan Black and answering concerns. They haven’t done it so it seems very likely they are running a Ponzi scheme which will eventually collapse leaving investors with nothing.

  62. I did warn the first sign would be a ‘delayed’ payment.

    @ Erik & @ Stephanie – which company did you invest through?

  63. And as I said before I very much doubt there are any US investors involved due to their strict rules and guidelines of investment practices

  64. It is not unusual for a competitor e.g Ourspace to have their friends pretend to be investors so that they can keep piling the s*** onto Bar Works. It is also quite usual for a company under attack, e.g Bar Works, to put their friends on the blog to try to divert attention away from themselves, perhaps putting attention onto a competitor. I suspected an earlier poster had been planted by Bar Works. I suspect that one or more of the people claiming to be investors have been planted by a competitor. So far there are three people claiming to be investors so I direct the rest of this post to them.

    @Erik, @Jan Novak and @Stephanie, you all say that you have invested in Bar Works. What is the name of the broker company that sold you the investment ? What are the names of the sales people ? What are the names of the people at Bar Works ? You should post them up here. Other investors might have dealt with the same people and may be able to help you. If you put the company names and sales person names up here you can contact them to say that you have done this and they might be more willing to deal with your claim once they can see that you have publicly named and shamed them and have raised the stakes.

    At the moment there isn’t a single broker company mentioned on this blog, nor one single name of a sales person, nor one name of a person at Bar Works who dealt with a customer enquiry. I find it very strange that people who say they have invested have not given more information. This makes me sceptical as to whether any of the people claiming to be investors are genuine. I think other people reading this blog should be wary of people who claim to be investors but don’t give any evidence. The ball is in the investor’s court to prove that they are genuine investors and then some of us would be more willing to join a group.

  65. Thanks for all the various comments. Here is a post about one of the “brokers” offering investments in Bar Works – Heron Global Partners:

    Alternative Investing with Heron Global Partners and Renwick Haddow: Inbound marketing is the new cold calling

    And here’s a response from the director of the firm that ran the marketing campaign for Heron Global Partners, in which he admits that at least part of the campaign was “potentially misleading”:

    Response from Richard Wood, Director of Six and Flow, about Heron Global Partners: “We appreciate that the line highlighted is potentially misleading”

  66. Completely agree with Marksie that IF investors are on here, then post who you invested through.

    Please let’s not call them ‘brokers’, these are just unqualified sales people.

    The marketing companies/promoters will exempt themselves of responsibility but it might help others to realize they are in the same boat.

    @ Marksie I think your scepticism is spot on and of course if any barworks or ourspace staff had any sense they would be on here trying to deflect but the investors need to step up and make public exactly what you have asked.

    You won’t win this individually people. You just won’t.

    Both barworks and ourspace are toxic.

    Again, I don’t get why there are so few on here who are genuinely affected

  67. I am based in Asia and scammed many times by the crooks from this horrible pseudo-country called United Kingdom of Crooks, the country of pirates and opium sellers…No regulation, no law and the most corrupt pseudo-authorities in the world. I am in the sucker list and I received the below. Needless to say that I will never put a penny in anything coming from United Kingdom of Crooks. What

    Bar Works Inc Las Vegas – Key benefits
    Own a 10 year lease on Work Space units in our Las Vegas Bar Works and GET A FIXED MONTHLY RETURN
    Single workspace, $25,000 – monthly rent $292 – minimum % return per year 14% per annum, payable monthly – first payment within 14 days of purchase;
    Two workspaces, $50,000 – monthly rent $625 – minimum % return per year 15%
    Three workspaces, $75,000 – monthly rent $969 – minimum % return per year 15.5%
    Five workspaces, $125,000 – monthly rent $1,667 – minimum % return 16%.

    Further returns on future rental increases elevating your annual return
    No upkeep or maintenance fees
    Hassle Free investment
    Buy back option at 125% after the second year and assured return of your initial investment at the end of the 10 year lease
    Trading platform available for early exits
    Key Parties
    Group Company Name: Bar Works Inc.
    Property Attorney: Reznick Law
    Bankers: JP Morgan Chase
    Auditor to the Company: ProTax Center

    About Bar Works Inc.
    We buy and remodel existing businesses with restaurant and bar license into Co-Sharing Work Spaces with work stations, private office’s, facilities (food & beverage, gym, internet, VoIP phones, printing, etc) which are then rented out to our members on a monthly basis.

    Having expanded to now 7 locations in Manhattan, 1 in San Francisco with several more venues on the pipeline. We have also purchased our first Freehold property in Eastern Europe, Istanbul Turkey, the first of many in 2017.

    We are currently selling work spaces for our newest locations in South Miami, Istanbul and our latest in Las Vegas.

    From each location we sell approximately 100 Work Spaces to private investors, such as yourself, on a 10 year lease with returns from 14% – 16 % per year paid monthly, which you in turn Sub-Lease back to us so we can than rent them to our members and manage your investment, hassle free.

    Brief Outline of Las Vegas in the Arts District – Latest Opening

    http://www.reviewjournal.com/business/entrepreneurs/ceo-lands-tenant-downtown-las-vegas-coworking-space

    We are pleased to announce the acquisition of our latest new venue, in a city that is famous the world over. In 2015 the number of conferences and exhibitions was 21.306 attracting 5.9 million delegates, a huge number of business minded people and future Bar Works members.

    Bar Works is a corner site in the area known as the “Arts District”, an up and coming area of downtown Las Vegas, surrounded by a variety of retail and restaurant options. New and tech-focused businesses are now in or moving to Las Vegas. The foremost of these is Switch, a key tech firm managing data for thousands of America’s biggest companies. There is also optimism that the arrival of electric car maker Tesla in northern Nevada will encourage more tech and engineering savvy workers and entrepreneurs into what was once a one-trick state

    With over 5000 sq ft of ground floor space with a full corner frontage and high ceilings, 1500 sq ft projected mezzanine to provide additional space for 300 work stations and meeting rooms, alongside spacious social and networking areas for use by temporary and part-time members.

    All of our Bar Works sites located all over the USA including at Midtown, Time Square Manhattan, “West Village”, Tribeca, Chamber Street, Brooklyn and San Francisco were all sold out within weeks of being released to the market!

    If you would like a brochure along with any other information, please do not hesitate to contact me directly,

    I look forward to hearing from you.
    Please click here to see our latest investment opportunities
    Regards,

    Sarah

    Albany

    e – sarah@albanyhill.co.uk
    m – +44 (0)7931 427882 o – +44 (0)1908 521811
    w – http://www.albanyhill.co.uk

    Albany Hill
    Gloucester House
    399 Silbury Boulevard
    Milton Keynes
    Bucks
    MK9 2AH

  68. @ Enough – I agree with you that the authorities need to regulate this field however this company whilst based in the UK is simply acting as a marketing agent to investors. Sure, they should do more due diligence on the products they promote however when offered high commissions (the first alarm bell to me) and they are themselves ‘sold’ the offering, it makes it hard to say no.

    The issue should not be with ‘Sarah’ from this company but with the Head of the Snake that is barworks. Unfortunately you are venting your anger in the wrong direction and I would suggest you don’t write off the UK at all as there are some fantastic opportunities IF you run your own thorough DD.

    I think you will find that the man who runs barworks is NOT from the UK, the opportunity is NOT in the UK and this is one of hundreds of companies globally who are promoting this scheme.

    You may also find that many of the companies who appear to be in the uk are actually based in other countries.

    My suggestion – stick to property or similar where you can buy or investment into with an underlying asset to support the returns.

    I’ve just noticed their ‘trading platform’ exit play which made me laugh as this was a huge ‘idea’ I believe when these people were offering carbon credits many years ago.

    It’s simple people, don’t invest and if you have, look how to get out fast!

  69. @ Erik – great confirmation that ‘ourspace/united property’ were first marketing barworks.

    Simple really – RH does a deal with UPI to sell barworks, RH then fails to keep his side of the deal and holds back commissions. UPI and ourspace is formed as a breakaway company to offer a competitive alternative to barworks (after all they’ve seen the money to be made).
    Then JM gets arrested for a previous scam and UPI drop ourspace marketing and switch to another option.

    The two are intertwined as I’ve been trying to suggest for a while now.

  70. @Greg – Do you think it goes something like this:

    Theory
    You can ‘invest’ into this great scheme. Just $25,000. I’ll pay you say 14% each year for 10 years but if you want to get out after 2 years, I’ll give you say $30,000.

    Reality
    I’m a well known con artist working in a country where I’m not a ‘wanted man’ but still better use a different name. Let’s market it to the middle and Far East as they use US$. Oh and the brits too. Brexit must have made them nervous. Can’t really have Americans involved as the SEC will bite my ass.

    Of the $25,000 you give me, I’m going to keep say $10,000 to pay myself and commissions to my underlings. Probably 50/50 so I get roughly $5,000 per investor. Let’s aim for 2-3,000 investors over 12-24 months using loads of different agents who have their own clients. This gives me a wage of say $10m which I can live on. Now, I’ve got $15.000 left so Out of this I’ll pay you say $3,000 a year to keep you thinking it’s all cool. When your own money runs out, I’ll be long gone anyway……ah, the buy back……maybe hold off on that and delay if they want it or if we’ve got enough cash in we could use that (?!) but I reckon most people will be happy to get their (own) returns and might even put more cash in.
    Tell you what we could do…. if they give us more at the start we dangle the increased returns carrot? What do you think?

    And let’s make the contract hard for them to get out of and if anyone complains, the brits will go to the FCA but that won’t do jack as it’s in America and the SEC won’t do jack here as the clients won’t be Americans…..

    Let’s just hope they don’t contact interpol the FBI or SOCA or hunt me down personally although if they do, they’ll end up looking for some dude who’s name I’m using anyway.

  71. @Erik, the extract from your email isn’t showing. Try to copy it into your next post.
    What is the name of the tenant company that is supposed to pay rent to you ? Normally they keep it separate from the company that takes your investment money. For example, Bar Works Inc will take your investment but the tenant in your contract will be a different company called maybe Bar Works Tenant Inc. That way, when the tenant company stops making payments you have to take it to court and they will then just close it down. it won’t affect Bar Works Inc in any way and they will keep raising money for their next venture.
    I’m interested to know which premises you bought into and the name of the tenant company. I’m wondering if they use a different tenant company for each premises.

  72. Doesn’t anyone here have power to report Bar Works? Everybody here is just commenting but no any single action. Investors who are reading this have “anxious” feel, but after getting monthly payment, the “anxious” becomes “relief” again and again, over and over. Sooner or later the investors will lose money, it will be too late.

    Doesn’t anyone here want to take action step? A journey of a thousand miles begins with a single step. Someone please try to take a step, be confident, no worry for the mistake, but worry for losing money someday.

  73. Any actual investor can report them.

    And I would suggest someone does it soon!

    Your returns are your own money coming back to you in small amounts!!

    It can’t and won’t last forever

  74. @Stephanie, are you really an investor ? I question this because you haven’t given any information that anyone could use to help you. I have copied below some paragraphs that I wrote earlier this month in case you missed them.

    “If an investor is genuine they would describe their investment process i.e how they found out about the project, who they spoke to, what they bought and when. They would provide information contained in emails and letters from their broker and Bar Works, along with extracts from their contract because they would be wanting people on this board to help them recover their money.
    What is the name of the broker company that sold you the investment ? What are the names of the sales people ? What are the names of the people at Bar Works ?”

    If you want people to believe you are genuine you need to give more information than ‘I am an Asia based investor’. Asia is a big continent !
    @Erik says that his payments have stopped but you haven’t mentioned your payments so, if you are genuine, are we to assume that you are still receiving your payments ?
    If so, then I’m sure @Erik would want to know why you are getting your payments and he isn’t. Maybe you bought in different premises with different tenant companies ?

    @Erik, I am certain that Bar Works is following this blog. That would be good news for you. I think the silence from Bar Works shows very clearly that Haddow and his wife control the company. Looking at previous Haddow behaviour this means that investors who are polite and nice have NO CHANCE of getting their money back. You have to make his life very difficult and hit him in the pocket. This means making sure he knows that you feel you were misled because Jonathan Black does not exist and you are demanding a refund. You should shout long and loud about your experience with Bar Works and become a thorn in their side. That is the only way you have a chance of getting money back.

    No investor has told this blog the name of the Bar Works person who signed the purchase contract or the tenancy agreement. Was it Jonathan Black ?

  75. @Marksie Yes, the person who signed the purchase contract and tenancy agreement is Jonathan Black.

  76. Why don’t investors Google ‘mis-sold investment lawyer’ and get talking to one, and QUICKLY.

    Many offer a no-win-no-fee deal.

  77. If contracts with clients and tenancy agreements have been signed by JB who is RH or anyone else but JB, then this is surely fraudulent and makes the contracts null and void and more importantly gives investors the ‘hole’ they have been looking for?
    If this is so, this is your chance investors to attack!
    You won’t get a better opportunity, miss this at your own peril

  78. Here is the mail extract that didn’t show-up last comment:

    “A note from Bar Works’ CEO, Franklin Kinard…
    Over recent months, Bar Works has been facing difficulties with its banking facilities. This has resulted from the large and growing volume of transactions coupled with the broad international client base we have built up.
    The result of this has been a significant increase in banking costs which has made it unviable to continue with this method of banking.
    We have taken the step to change this now. However, with our new banking partners we are experiencing limitations to the size of daily transactions, volume of transactions and limitations of which countries we can send payments. We realize it is never a good time to change banking facilities and it will inevitably lead to some delays in payments and administration errors however in the medium term it will be worth the investment.
    To try to minimize disruption we will phase the change over of our banking facilities which will mean we will send rents/payments in batches as the new accounts are set up with our banking provider. Initially this only relates to outgoing payments.
    We are doing all we can to minimize this disruption and we really appreciate your patience and the faith you have put in Bar Works.”

    By the way I still haven’t received my payment till today. @Stephanie, are you receiving your money?

    The tenant company on the contract is called “BARWORKS MANAGEMENT INC” and yes, Jonathan black signed both the purchase and lease agreements (if he ever exists). It was done through docusign so no actual handwritten signature is there.

  79. @Stephanie, if the contract is signed by JB and he doesn’t exist then you have been a victim of fraud. I would not worry too much about the US authorities. I think you can be confident that they are already looking at Bar Works. They will not give anything away until they are ready.
    1. What was the name of the company that contracted with you on the purchase (e.g was it Bar Works Inc) ?
    2. What was the name of the tenant company ?
    3. Are you still receiving your monthly payments ?

  80. @ Stephanie – I believe you were adamant in earlier posts that JB is actually RH. Now that Erik has stated that JB has signed contracts etc I’m confused as to why you are not now taking action?

    @ Jan Novak – Have you disappeared? Are you still watching this forum?

    @ Erik – finally, someone has had the foresight to post something which is vital and a piece of this jigsaw. Congratulations

    To all of you – nobody has yet stated who their ‘broker’ was in the first place??

    So basically Barworks are too big for JP Morgan who now can’t handle the volume of cash…..how amusing.

    And they are having problems sending money to some countries…..hmmmm, I wonder which ones those will be…..

    I’m sorry to tell you I was right by stating the delay in payments would be the first stage but now you, the real investors, if there are any MUST take action. Do as Marksie suggests and be a thorn in their side. Make life as uncomfortable for them as it will be for you if you lose all your money. Do whatever it takes or sit back and watch another multi million dollar fraudulent scheme crash to the ground without any chance of recovering your money.

  81. Jeez, this guy has been busy:

    • Active directorships – 0
    • Resigned directorships – 110
    • Closed directorships – 30

    !!!!’

  82. @ Chris – They are the ‘stats’ for Mr. Haddow.

    Huge number of companies spanning multiple market sectors, normally set up and run for a couple of years and then closed down or he moves on to the next thing

  83. Bar Works exhibits the usual trail of smoke, mirrors, lies and confusion. I will bet that very few investors actually have any idea who they have contracted with or how their money has been distributed. I’ve looked at three Bar Works brochures (Jacks in San Francisco, Miami and Istanbul) and this is what I found:

    BUY-BACK
    The guaranteed buy-back after 2 years is in each of the brochures. It is promoted as a safeguard for investors but the reality is that there is no guarantee at all. The text says that Bar Works has the option to buy-back anytime after two years (generally with a 25% profit for investors) IF IT CHOOSES TO. So, if it chooses NOT to buy-back then investors are stuck with the investment.
    However, bearing in mind that the sub-lease term in San Fran and Istanbul is 99 years then Bar Works has the option of buying back anytime between year 3 to year 99. I think you’d be pretty upset if you paid $25,000 today and got back just over $30,000 in 20 or 30 years time, especially if the property has doubled or trebled in value. Bar Works are only ever going to buy-back if there is a big profit in it. If there is then they have ensured that the profit will go to them. If there isn’t a big profit then the investor can keep their sub-lease as far as Bar Works is concerned. In effect investors HAVE NO GUARANTEED BUY-BACK AFTER 2 YEARS.
    Miami is a little different because the sub-lease is only 10 years.

    RENTAL INCOME
    You might think that is OK if you are getting 15% annual income from the rentals, but here is the bad news. The company responsible for paying your rentals in all three brochures is Bar Works Management Inc. There is no explanation of the role of BWM or how it is able to afford to pay the rentals to investors. One is left to assume that BWM brings in the people who will use the workspace and this will generate enough to pay all investors. But what if this doesn’t happen ? Well, the worst case is that BWM will declare itself insolvent and will close down. Rental payments would stop. That would definitely be bad news for investors. One would think the same would be true for Bar Works, Haddow, Kinard and their accomplices. Actually no, it wouldn’t be bad news for them at all.

    LEASE & SUB-LEASE
    It gets a bit complicated here. Throughout all the brochures they use the term ‘Bar Works’ frequently. However, there are multiple companies involved that all begin with ‘Bar Works’. This is a deliberate ploy to be able to claim in future that they were referring to the different companies and not to Bar Works Inc each time. Confused ? I’ll break it down for you.

    Jacks @ San Fran is apparently owned completely by Bar Works Inc. it says that on page 12 i.e ” The Group (Bar Works Inc) owns the freehold”. But, on page 13 it says that Bar Works Capital LLC owns the freehold. If the brochure is to be believed investors have taken a lease from Bar Works Capital LLC. It is described as ‘a lease’ and not ‘a sub-lease’ which would imply that BWC is the freeholder. We are left to assume that Bar Works Inc must own BWC but we don’t know that for sure. So investors buy a lease from BWC but for some reason the money doesn’t go to BWC. It goes to Bar Works Inc. Why ?
    What was the market value of Jacks ? Does anyone know ? $1m, $2m, $3m ? Well, 300 stations were being sold at $30,000 each which makes $9m income to Bar Works Inc. Whichever way you look at it the investors have just bought a property for Bar Works and put millions in profit into their bank account. When the tenant company BWM goes bust investors have no comeback against Bar Works Inc or BWC. Those companies will carry on without any liability to make rental payments to investors.

    Miami – they don’t own the freehold here. In this case Bar Works @ Miami LLC have taken out a 10-year lease and investors are ‘sub-leasing’ from BW@M. Again, when a person buys a sub-lease they send the money to Bar Works Inc and not BW@M. Why ? This is a very dodgy premises. Bar Works inc are selling 350 stations @ $25,000 each. That’s another cool $8.75m for Bar Works Inc but what are you actually getting. Investors have just paid $8.75m with not even the property as security. Investors have given $8.75m to Bar Works so that they can buy a lease which probably cost them $100k !!
    Let’s say BW@M breaches a condition of the lease and the freehold owner decided to cancel the lease (as he may well be entitled to do). The investor has a SUB-LEASE. If the main leaseholder (BW@M) loses the lease then so do all the sub-lessees. Investors are left with absolutely nothing. Again, there is no comeback against Bar Works Inc and they get to keep the investor’s money.

    Istanbul – another variation. This time the brochure says that the freehold is held by ‘Bar Works Consulting & Office Leasing Services Ltd’. Wow – I wouldn’t want to answer the phone at that company. This company leases it to Bar Works Istanbul LLC. Investors buy sub-leases from BW Istanbul but once again send all the money to Bar Works Inc. The potential dangers are the same as Miami i.e if BW Istanbul loses the lease then investors are left with nothing. You might think that this is unlikely to happen because the owner is BWCOLS and they must all be linked somehow. Don’t you believe it. Haddow’s ventures have taken the life savings of hundreds of people and he won’t hesitate to do it again. one has to wonder why the freeholder BWCOLS didn’t just issue leases direct to investors. Why put BW Istanbul LLC in the middle ? Because it means that investors can have no claim over the property when everything goes bad – that’s why.

    So what can investors do ? The best thing is to put pressure on the salesmen you dealt with. Write emails and put their names on the blogs. Write emails to Bar Works and copy them onto blogs so that everyone can see.

    At the very least you should demand to know the following:

    1. Who are the directors and shareholders of each of the Bar Works companies involved in your investment ?

    2. Look at your brochure. Make sure you know which company is liable for payments to you. Demand to know how your money was distributed once you sent it to Bar Works Inc.

    3. Have you got a clearly defined workstation i.e a plot plan showing exactly what you have leased or sub-leased ? if not, demand one.

    4. But most importantly it is absolutely vital that you are given a copy of the main lease no matter what property you have invested in. This head lease might contain clauses which mean that you could easily lose all your money.

    This announcement by Kinard is unlikely to be a voluntary change of bank by Bar Works Inc. In my opinion it is either the bank refusing to take in more money because they suspect a scam and they don’t want to be associated with Bar Works, or the account has been frozen either by the bank itself or by the US authorities, or new investment has dried up and the Ponzi scheme is unravelling already.

    It is interesting that the tenant company in every case is BWM, but investor’s rental payments are not made by BWM. They are made by Bar Works Inc.

    Sorry for the long post.

  84. @ Marksie – You cannot apologise for a long post if you have explained a very complex and convoluted scam with exact precision! (Big round of applause, possibly a standing ovation)
    I congratulate you on not only finding the edges and insides of the jigsaw but for laying the pieces out ready for someone to simply put the last one in, I.e. Take Action!

    Investors – As Marksie points out, your money goes to Bar Works Inc and your returns (your own money) are paid back to you in increments. by Bar Works Inc…..funny that!!

    I would estimate that Haddow has collected in about $50m through this scheme so hardly surprising they are now ‘buying’ premises to try and show they own assets. However as Marksie rightly points out, it is the investors who have paid for them.

    Name and shame people, name and shame

    Or uk clients go to NCA

  85. Hi, I am Barworks investor, I invested $100,000 and was paid only for 10 months (10 payments only) now it stopped …
    this month (April) they didn’t pay. I received one reply begging of the month saying “We moved to a new FCA regulated payment processor ….” after that they did’t response to my emails, massages and phone calls.
    I believe now i am scammed ! can anyone here advice how to go about reporting them.
    I will be contacting SEC, embassy.
    I also, can share all the information, staff names and contact information.
    If yo are looking for investors to team-up i am ready, please ask

  86. @ Salam
    Where are you based, which country?
    Who did you deal through?
    Which project did you invest into?

  87. @ Salam – if they have stated they have moved to an ‘FCA regulated payment’ method, I would ask who told you this?

    Barworks is not a regulated entity so this is a blatant lie.

    Also, if they have ‘moved’ to one, that would mean they were not with one previously so why now move?

    It sounds like a lot of fluff to make you think you’re now more secure to me.

    Do you receive your returns in US$ from the USA? If so, why would they need the FCA regulation which is only for the UK?

  88. Silence is deafening on here!

    Has anyone actually done anything yet?

  89. barworks.nyc website is gone.
    Trading Platform menu is gone.
    FJP investment is no more promoting Bar Works investment.
    UPI (United Property Invest) is no more promoting Bar Works investment.

    Sugar Hill Coffee in Midtown Manhattan is not in operation.
    95 Chambers Street is not opened.
    8th Avenue Chelsea is not opened.

    No one has taken any action.

  90. @ Stephanie – Did you invest through FJP? Do you know where they are based?

    UPI switched to Ourspace a long time ago when RH and JM fell out.

  91. I did suggest:
    1st – delayed payments
    2nd – agents dropping it
    3rd – trading platform exit laughable.

    Don’t let it get to 4th or 5th base investors…….the home run won’t be in your favor!!!

    @ Salam – are you still active on here? Can you post any information you promised?

  92. Bar Works are stopping their lease program. Here is an extract of their email announcement:

    “Bar Works to Close it’s Lease Program

    Only a Few Workstations Left …

    Bar Works is pleased to announce that we have achieved our targeted expansion ahead of schedule, now with twelve strategically located venues. After much consideration, we have decided to end the Wealth Builder Lease program. This move was done to concentrate our efforts on adding value to our own internal resources, thus driving up revenues from our newly opened industry leading venues.

    This past March, our Miami venue has already begun to attract the attention of a major technology firm, wanting to utilize the space for its staff. This newfound interest can be traced back to our new venue format. We are expecting similar responses from our soon to be open locations in New York. We will be making a further announcement when these locations open as these formats are going to influence the shape of our business and the industry going forward. We are pleased you are part of this exciting brand and thank you for the confidence you have shown in Bar Works.”

  93. Sound familiar???

    ‘According to the FCA, around 75pc of unregulated investments result in losses for private investors. But the people selling them are well trained to ensure they sound very attractive. Typically they make promises of “guaranteed yields” or high income payments’

  94. There is more than one level of investor involved in Bar Works. From what I can see there are 3 levels of investor.
    1. People who invested in a US Tech start-up fund (name not fully disclosed in brochures);
    2. The people who bought shares or loan notes in Bar Works itself with a guaranteed return on loan notes, paid quarterly;
    3. The people who bought ‘workspaces’ in Bar Works sites where there was a guaranteed return, paid monthly.
    In 2015 Haddow was ‘sponsored’ by a US company called Incrowd Equity (ICE). http://www.incrowdequity.com.
    ICE was/is a US crowdfunding site. I say ‘was’ because their website hasn’t been updated in 6 months and they now have no projects listed on their site so it would be interesting to know what has become of them. It’s very important to know what their status is because they still apparently hold important roles in both the Bar Works investment set-up and a Tech start-up fund.
    ICE was/is a Delaware company. This enables the real owners to hide their identities. My guess is that Haddow owns a large part of ICE.
    At the start almost all of the projects on their website, maybe even every one of them, were projects that were set up by Renwick Haddow. E2-Marketing, Gleason’s Gym Ltd, Bar Works, Bitcoins etc. All of those were on the site and all could be linked back to Haddow.
    So it appears that ICE was a company set up by Haddow to appear to offer investments in different companies but actually only offered investments that were set up by Haddow. This is not the first time.
    Capital Alternatives Ltd in the UK was set up in exactly the same way. Lots of projects being promoted that appeared to be completely independent but which had all been set up by Haddow using ‘front men’ who were prepared to take cash to pretend to be the owners of each project. Now Haddow and some of those people are facing possible jail sentences in the UK. The court case has been put back until July this year.
    ICE acted as ‘General Partner & Adviser’ for a new US Tech start-up fund and was aiming to raise $2.5 million. ICE had a role in determining which companies would get some of the fund’s cash. Presumably it still has that role if the fund is still running. Interestingly, although the fund was investing in US tech companies the fundraising was taking place in the UK with the following advice “before investing investors should consult a professional adviser who is authorised under the UK FSMA”. It’s odd that a US Tech Start-up Fund, run by people in the US, raised its’ money in the UK. Of course, that wouldn’t have anything to do with the fact that the SEC only investigates fraud if it involves US investors.
    The Fund document stated that it would invest a minimum of $100,000 and a maximum of $250,000 in any single company.
    A few months later ICE also acted as ‘Sponsor’ for the Bar Works Private Placement where Bar Works was looking to raise $1.5 million. The Placement Memorandum states:
    “Bar Works has received an investment of $500,000 at 75 cents a share from a US based Tech Startup fund located in Silicon Valley”.
    It is possible that this investment is completely unrelated, but that is very unlikely. Something doesn’t ring true here (as usual). Either Bar Works is lying or the Tech Fund has broken its terms of operation. The Tech Fund cannot invest more than $250,000 in any one company or it would be in breach of the terms of its licence to operate.
    If I were an investor in the fund I would be asking my UK FSMA professional to find out what is going on. What investments has it made and of what sum ? It seems likely that Haddow is controlling ICE which is controlling the fund’s money.
    If I were an investor in the Bar Works Private Placement I would also want to know what is going on, especially since the brochure states that Bar Works has three directors, Jonathan Black, Zoe Miller and Robert Munden. Black doesn’t exist, Miller is Haddow’s wife and Munden was previously a director of Plantation Asset Management Ltd, the company involved in Haddow’s palm oil scam in Sierra Leone. So in effect Haddow controls Bar Works too. The Bar Works PPM brochure states:
    “The Company has taken reasonable care to ensure that the information contained in this Information Memorandum is correct and accurate”. REALLY !!!
    So it looks like all three levels of investor mentioned at the start of this post have a case for action against the perpetrators.
    Just found the following comments on a website talking about ICE. This is very worrying for the Fund investors. Interesting that these guys came from the UK.

    Pros
    The owner does not bother you as long you are closing deals.
    Cons
    Fly by night startup equity firm from the UK. The pay is horrible, big turn over. There is no structure at this company. They need a Human Resource Dept. The building is old, elevator only holds 5 people, The internet service sucks still on DSL. Open desk layout, no privacy, no coffee machine, no microwave!
    Advice to Management
    The IT person you have working for you will end up getting you sued. I suggest you find someone with a professional manner. And pay people what they are worth.

    Pros
    Absolutely nothing. Place is very disorganized, fights almost everyday, and a very unprofessional environment.
    Cons
    I don’t even know where to start. Manager visits inappropriate websites using the company’s computer during work hours while everybody is working their butts off. Looks like everything is a scam for sure. Some of the brokers are alcoholics and/or on drugs. There are fights almost everyday at the office. No business structure, no HR department, no rules. Let me not even talk about the pay……Horrible!
    Advice to Management
    Stop scamming people, be more professional, and please have an HR department.

    There is one nice review on the site – looks very much like it came from the company itself.
    https://www.glassdoor.co.uk/Reviews/In-Crowd-Equity-Reviews-E959707.htm?countryRedirect=true

  95. @Erik,
    First it is a banking issue that stops your payments and now they announce they are stopping their main source of fundraising. I don’t believe they would voluntarily do that. In my opinion the US authorities have stepped in.
    In your next contact with them please ask where someone should go to meet the management team. Enquiries in the US have been unable to find a genuine office for Bar Works i.e one where there are desks, management and employees. It’s possible they might be working out of the Incrowd Equity office in Manhattan because the two organisations are very closely linked. I have a friend who will pay them a visit.

  96. IF there are actually any investors on here, which I believe there are a couple, read and listen to every word @ Marksie writes/says.

    If you don’t, you stand to lose, if it’s not gone already, every single penny/cent you ‘gave’ RH.

    There is a reason he set up in the US but didn’t ‘invite’ US investors. There is a reason he ‘invited’ UK and overseas investors into a project in the US. And remember the majority of the ‘work’ has been done by the ‘brokers’ hungry for commissions and driven only by that, egged on by an egotistical ‘manager’ akin to Ben Affleck in Boiler Room. And don’t think for one minute that Boiler Room or The Wolf are far fetched. They are tame in parts! Ask yourself if you could work in that environment?

    These people go back years, they’ve been doing it for a long time, they have a close circle who then reunite after they’ve disappeared for a while (like real life robbers), theyve fine tuned their process and learnt from their mistakes and they cover up their tracks like professional hit men! What you have to do is get smarter at how to beat them and not rely on other people.

    There are differences between the likes of The Wolf and these people as The Wolf ran one huge scam in one sector whereas these people run several if not dozens across multiple sectors but the ethos is the same; to extort as much as they can out of you.

    The warning signs have been there since Mr. Lang’s original post and the subsequent comments and hints from some of us.

    Ignore them at your peril.

  97. @Marksie @Scotty can you please provide what are the steps can we take? Can you refer any lawyer that can help?

  98. @Erik, @Enough, @Salam, @Marksie, @Scotty and @Jan Novak

    Can I have your permission to get your email contact from @Chris Lang?

  99. @Erik, @Enough, @Salam, @Marksie, @Scotty, and @Jan Novak – If you want me to pass on your email address to @Stephanie, please send me an email and I’ll forward your address to her. My email address is reddmonitor@gmail.com.

  100. @ Stephanie, where are you based, country specific as this will have a bearing on suggestion.

    As per Marksie’s previous post I wouldn’t actually go to a lawyer now as they will simply offer advice as to the contract terms. You would also need to know who exactly you want to sue and as I’ve said these people cover their tracks and trails. You can’t sue the broker as they were ‘simply acting as a marketing agent’ but if you have anything in writing that states they were actually giving you investment advice but are not regulated it will help.

    You need to be approaching a ‘higher’ entity that deals with serious crime/fraud etc. If the US authorities are digging they will be after the entire set up and the directors etc with a legal case to follow but you need to find a way of finding out if they are.

  101. @Stephanie,
    I have not authorised Chris to release my email to you. I think your request should be turned the other way around. In your next post you should authorise Chris to email each of the 6 people one at a time with your contact details (not as a group email). The reason for this is because it is possible that one or more of the group are not genuine. You need to be very cautious about who you trust.
    To address your post, there are two scenarios. The first is that Bar Works genuinely does have banking issues and they have also voluntarily decided to stop their fundraising. In this case they would have no restrictions on paying refunds if they chose to. This is very unlikely in my opinion. In any case, Haddow doesn’t pay refunds. He keeps the money and ignores any letters or emails from investors. In my opinion Bar Works Inc would not refund your money and you would waste a lot more on a solicitor who would get nowhere.
    The second scenario is that the bank account has been frozen, either by the bank or by a financial regulator, and Bar Works is unable to pay out any money or to take in new payments from investors. I feel this is more likely. In this scenario the authorities generally allow small payments to keep the company running but do not allow payments to investors or the management team.
    There could easily be more than 500 investors involved. Bar Works would have been instructed by the authorities that they cannot treat one investor differently from another. This means no refunds for anyone until the regulators unfreeze the account.
    If you think that the first scenario is true then I advise:
    1. Write to Bar Works and the company that sold you the investment (if there was one). Advise both of them that you believe you were tricked into investing through false statements in the brochures and marketing material. Demand your money back within 7 days. Send them your bank account details.
    2. If you get a response let us know.
    I will tell you what I would do next once we know how you got on. This next step could be blocked if I reveal it on here now. The same advice applies to other investors. Put your request for a refund in writing to Bar Works and the agent. Let us know the response.

    @Stephanie – you haven’t told us anything about your investment process e.g who sold you the investment, where they operate from, the names of the salespeople etc. That was asked for weeks ago. If there is a reason why you don’t want it out in public then that’s OK, but if you go ahead and authorise the release of your email address to me I will ask you for proof. I will treat any information you give me as strictly confidential and it will not be released. I’m not really interested in the detail of what you provide, just that there is clear evidence you are a genuine investor.

  102. I am an investor albeit a small one, has anyone had any luck being paid this month? I am thinking about setting up an email inbox for all concerned investors to send me their details to approach these guys together.

  103. @everyone… sorry I sent my message not realizing that you guys had asked Chris who wrote this blog to share emails around. I emailed Chris will my details also.

    @marksie… good advice btw – I think a demand in writing is wise, would you say via email or actually in writing is better? Are you based in the UK? I am from UK but in UAE.

  104. Just to prove my authenticity, I initially heard of barworks via united property invest but ended up going direct. Dealt with a guy called Robert Delaware last May and then laterly Peter Jones. A lady called Tahyira was also involved. I had good dealings with them initially, until i didnt get any payment in April and my emails to them have been ignored for the last few weeks….

  105. first of all if all this was true other titles would have covered the story….and it would have made big news and important titles! I believe it’s probably dirty competition who started all this. Saying this I wrote to the editor 2 times asking me to put me in touch with the investors here but he never did. Wander why??? You can all talk but none of us knows the real truth. Saying this I spoke to the MD today and I have lots of updates and news. Youa ll talk just to talk….get a solicitor instead of vomiting stuff on here!

  106. @Marksie
    I have already done what you suggest weeks ago and asked for a refund based on the fact that I haven’t been paid and that I believe I have been scammed.

    I have asked @Chris to share my email address with you and I will send you the details along with their answer

  107. Hi
    I am an investor in Barworks NYC. I was concerned to read about this issue in the blog and the subsequent replies. I am keen to get involved and help towards any action group for investors.

  108. @ Jared – Are you an investor yourself in any of the Barworks programs?

    I think it’s quite simple really – if you are and you have concerns then share them here to benefit others. If you have no concerns, carry on regardless until you do have concerns.

    Up to you

  109. @jared – your comments are interesting. That could be true indeed, why only Real Deal covering this and not other news channels. if it was a mass scam one would think major news papers would at least print something..

    Could you share your email address with Chris the owner of this blog so i could have a chat with you offline? Or vice versa. Thank you :)

  110. Great news Jared !! We’ve been waiting for someone like you who is friendly with the MD of Bar Works. I’m sure everyone is really looking forward to hearing all these fantastic updates and news, especially as it comes from the top man at Bar Works. All we want is some clarity and the truth. So, can you answer three really easy questions first ?
    1. Where can we find Jonathan Black ? That shouldn’t be a problem should it ? If you don’t know yourself please ask the MD and then we can begin clearing up this misunderstanding.
    2. Where is the Bar Works office ? I have someone who would like to visit the office to thank the staff for their support and to arrange a friendly meeting with Franklin Kinard.
    3. What are the contact details of the MD ? You have been able to speak directly to him and I know there are a few people who would like to do the same to have their minds put at rest. Was it Franklin Kinard you spoke to ? Just post the MD’s name, email address and phone number on here and then we can start mopping up all this vomit once and for all.
    If you could help to clear up these tiny little snags everyone would be much happier.

    @Gogsuk and other investors, send emails to each contact that you have ever dealt with at Bar Works and the salespeople. That makes it much more difficult for them to deny they ever received it. Put a ‘notify me when opened’ tracker on it if you can and then keep and file the response so you have evidence it was opened. If you are also able to send a recorded delivery letter to their HQ which is Bar Works Inc, 47W 39th St, New York, 10018, USA, then do so but it is not essential because emails are now regarded as legal evidence.

  111. If proof was needed, Jarad just gave it to us.

    These people and these sorts of companies only have 2 strategies in their playbook to fight back against comments on message boards –

    1. Say the negative comments are all from jealous competitors, or

    2. Say they’re from ex-employees with a grudge against the firm

    The one thing they will NOT do is hit back with hard facts, verifiable facts, perhaps even a Youtube video from the CEO telling everyone EXACTLY what is going on. But you might all whistle dixie as the last thing these firms deal in is verifiable facts, it’s all talk and forward looking figures which have the same use as loo paper.

    Barworks investors, as others have said, you are in real trouble, any investor in a company where the dreadful Renwick Haddow is involved is always going to be in real trouble.

    Listen the other commentators on this side, get a gameplan together to try and salvage part or all of your investment as this company will not be around probably within a year. No smoke without fire and this one has smoke coming out from every possible orifice.

    People say don’t get lawyers involved because of the money but there are plenty of lawyers around who will offer a no-win-no-fee deal if they think the case is strong. Start to contact some they can only say no at worst, yes at best.

    They also say get a private investigator. That might work for some initial inquires and they’re a lot cheaper than a lawyer. Whoever mentioned it, has some good ideas so listen to him.

  112. @Jared, MD you mean Franklin Kinard? What updates do you get from him?

  113. @scotty @marksie @stephanie @erik @salam @jannovak

    I have set up an email account –

    If you guys want to collaborate and contact some Ponzi scheme attorney in NY or the US as a group to see if any of them would be up for trying to approach these guys on our behalf on a no win no fee basis it could be worth a shot.. We can share this email address and and see how many people we can get. I’d say if we can get 10 to 20 people on to this we could get some interest here..

    Thoughts?

    To be accepted, please state your name where and when you obtained the investment, how many seats you purchased and for which location. Also if you went direct or via a broker, if yes who.

    Thanks

  114. But will Jared answer, that is the question…….. we all await but not holding my breath.

    One reason I believe a newspaper is not carrying this for the record is that they will wait to print until AFTER the fan is hit by the huge amount of **** that is about to be thrown at it.

    And just think Jared, you can then turn round and say ‘Jeez. I didn’t see that coming’ whilst everyone else might have got something back from these people

  115. I agree with Simon B. If investors want to hire a lawyer and you can find one on a genuine ‘no win-no fee’ basis then go for it. If you make it clear in a letter exactly what you are asking the lawyer to do and the terms of his/her remuneration, emphasising that you have NO LIABILITY to pay anything for the service, then you have nothing to lose by taking the legal route.

    With regards to larger national newspapers taking up the story, journalists are lazy. Investigative journalists want a juicy story that justifies spending time and money on it. Bar Works is too small. There are probably thousands of these scams going on all the time. We got lucky with TRD because they are a NYC real estate newspaper and Bar Works just happened to be based in their neighbourhood.

    @Jared says he has the firepower to shoot down Vomit Squadron so let’s see it in action. Three simple questions asked – three simple answers required.

  116. Hello,
    We are a group of Swedish investors that have invested in Barworks through a Swedish agent.
    We will contact our agent and Barworks and try to cancel the contract.
    Not hoping for much but it is worth a shoot.
    Will follow this forum and keep you posted of any progress (or lack of)…

  117. Hi,
    Sorry I was busy for the past few days.
    Referring to my earlier post I was paid April payment on 25 April and got reply by email only informing me about the payment, nothing about my request to speak to the management or CEO.

    @Scotty – I am based in Saudi Arabia,
    I dealt directly with BarWors, I got the information and Ad’s from internet and contacted three agents in the UK, after I decided to become an agent … after I became agent I decided to by myself and check them before promoting I bought 4 workspaces and paid $85,000 and got $100,000 ($15,000 was the commission)
    I invested in the Tribeca project.
    I receive returns in US$ from the USA.

    I was not happy from the start, immediately after I transferred funds I was trying to reach them for receipt (confirmation) …

    After the 3 months (payments) I had to follow up on payments some time, and some payment where made on the 2nd week of the month (I was informed payment are transferred on 1st week of month), then payments received missing 10$ and you know about April payment delay.

    I was informed that sale in not possible because the buyback is not before 2 years.
    Also, I am still waiting for official statement from Barworks about what’s going … but nothing up to date.
    I have received up to now 11 payment (months).

  118. @ Salam – very quick question. Do you have a contract to act as an agent and they pay you 15% commission?

    Very good/brave of you to try before advising others to do so.

  119. @ Scotty I do have expired contract to act as an agent and they pay you 15% commission.

    Thanks.

  120. @ Monta – thank you for confirming your location and further proof that this net has been cast far and wide.

    Can I ask how long ago you invested and how many of you there are?

  121. Hi guys,

    I have been following this page for a few days and been looking at all the links available.

    I purchased some units last year, I visited the 2 sites in New York myself last year, had a look around, the second location on 44th street had only just opened at the time.

    I purchased my units via a UK agent who I have used for other investments as well, after visiting the sites everything seemed good. There were some small questions but generally things seemed ok especially when the barworks site was right behind WeWorks who they are trying to copy.

    I dident actually meet anyone senior from barworks there at the time but had an appointment with a someone who was supposed to be the main sales person.

    I have been paid up until April (last payment was late), last payment 25th April, however when there was a delay I came across this page. Generally before April my payments have been on time, I did stay on top of them though.

    My agent from UK is in constant contact and is being helpful. I am just looking at all the options at the moment, obviously it is very stressful.

    I think a forum should be created, whoever wants to set it up, the person setting it up should show proof of their lease and any new member should be allowed to join the group after showing their lease.

    Also I think if anyone is in USA or better New York they should visit one of the sites and at least maybe upload images etc showing if they still exist or try to meet someone there.

    UK police advice is when you have been stung then various people may also approach you to help but actually try to screw you over, so it is understandable how all investors are a bit edgy with giving away information.

    http://www.actionfraud.police.uk/fraud_protection/ponzi_schemes

    The best thing Barworks can do now is to be honest and tell investors what’s going on otherwise investors will assume the worst and will not be forgiving. I am sure Franklin & co must be reading this, hopefully the will get the message.

  122. @ Salam – Thank you

    About 6 weeks ago I posted to show the extortionate ‘costs’ with this scheme and given what Salam has just told all of you, I was close but not exact.

    If you invest $100,000, $15,000 goes to the agent (not bad for making a few calls and sending some emails to spread Haddow’s word).
    You can guarantee that Haddow is not paying his agents more than himself so take another $15,000 off your $100,000.

    $70,000 is only going in to the project.

    They are giving you for example $15,000 back each year (15% of $100,000) but if it were real, $15,000 of $70,000 is actually more than 21% return each year. From a desk???? And that’s with haddow doing it for free!

    Buyback which as we know doesn’t actually exist but if it did it offers you I believe 125% of your $100,000? I.e. $125,000. So in 2 years your ‘ desk’ needs to grow from $70,000 to $125,000.
    That’s a 78.6% return folks!!!! To make it possible!!!

    If ever any of you genuine investors on here needed proof that this is Ponziesque……..

  123. Send the boys in blue to 47 7th Ave S, New York, NY 10014. Probably get a few answers there.

  124. Thanks @Salam, very interesting points.
    1. Can you see if the April payment was made from the same account as the other payments ? It would be good to know if they have changed banks like they said they were going to do. If the money came from the same account it would signify that their original bank account is not frozen
    2. If the account is different is it in the name of Bar Works Inc or another company/person ?
    I think you are lucky that you are an agent as well as an investor. As an agent they would want to look after you. I wonder if ordinary investors have also now received their April payment.
    3. This point is important – there is nothing to stop them refunding your money. You are not asking them to buyback. You were tricked into investing because the CEO does not exist and another director was using a false name to hide the fact that she is the wife of Renwick Haddow. Keep trying to get your money back. Tell them very clearly that this is not a buyback. It is a full refund you are asking for due to the false information they gave you.
    4. The 15% commission is standard for Haddow projects. BUT if he is following his usual pattern this will not be the total commission. When he was running Capital Alternatives in the UK he was paying 15% to agents like you and 30% to his sales team in the office. Typical deductions from investors money was 45% so I expect it is very similar for Bar Works. However, it didn’t stop there. He was then entitled to his own separate ‘consultancy fee’ which he deducted from the investor’s money.

    Still Salam, it is very good news that you have had a payment and i hope the same is true for other investors.

  125. My experience with Barworks is exactly the same as @gogsuk. I have hit a wall of silence now after asking for a refund in writing. I’m going back to them today to confirm my request and set a deadline otherwise I am taking legal action. I have it in writing from Barworks that I can cash in my investment at any point. Anyone on here want to team up?

  126. @scotty
    Hi, we are about 10 investors that I know of.
    We will talk to our agent today and then contact BarWorks.

    I will also send an e-mail to Chris Lang that it is ok for him to share my contact details to others that are active in this thread in case there’s information that you do not what to share here.

    Stay tuned…

  127. Got this e-mail today. What do you think?

    Official update from Bar Works CEO,
    Franklin Kinard

    Good day. I’m Frank Kinard, managing director of Bar Works. I apologize for the inexcusable breakdown in communication between Bar Works and our leaseholders.

    Yes, regrettably, rents to leaseholders have been delayed. This is due to necessary, productive restructuring that will be explained in greater detail in the next few days. As well, we will lay out a structure for leaseholders to ensure they are not disadvantaged. None of this is unusual. All ventures go through realignments, with good news and bad news along the way. At every stage, however, our stakeholders deserve to be informed. Our leaseholder relations apparatus failed at that task. I won’t let this happen again.

    What restructuring? For instance, Bar Works corrected severe problems with our construction process. That’s crucial because construction is at the heart of our company. After all, we provide space for commerce. Unfortunately, an ineffective general contractor was initially hired to develop Bar Works locations. As a result, several Bar Works sites were far behind schedule, or raw spaces sat idle due to the general contractor’s mishandling of permits and other protocols.

    A new team fixed this. That’s why our Miami venue opened only a month after we secured the building. That’s why our landmark building in Hollywood, California is launching in just a few weeks. These new procedures also rescued exciting locations in San Francisco and New York.

    Right away, we are creating a better information pipeline for leaseholders. For the rest of this week, you can email clientservices@barworks.nyc. Starting Monday, the permanent representative for investors will be in place. She’s Nancy Rodriguez, and she can be called at 646 829 1564, or emailed at clientservices@barworks.nyc. If you don’t reach someone instantly, we guarantee a response within hours.

    Thank you. More updates are coming your way.

    Frank Kinard

    Managing Director

    Bar Works

  128. I understand your wish to discuss this privately – how about setting up a Facebook group? If it’s a secret group, no one outside the group will know who is in the group.

    I’m suggesting this partly because I am now inundated with requests to share email addresses. I spent hours yesterday trying to work out who might be a genuine invester and who is posing as an investor but is actually from Bar Works. Some people in this discussion are happy to share their emails, others aren’t. Some only want their emails shared with certain people, but not with others. It’s impossible for me to manage this, I’m afraid (unless I were to hire a fraud expert to work full time on it). Sorry!

    In the meantime, if you are in the UK or were persuaded to invest in Bar Works by a UK company, I recommend contacting Action Fraud (0300 123 2040). As @sara points out, Action Fraud has information about what to do if you’re the victim of a Ponzi scheme.

    A few years ago, I wrote a post with a list of things to do if you had been scammed into buying carbon credits as investments. While Bar Works isn’t selling carbon credits, I think it’s worth working through that list – in addition to the various suggestions in the comments above.

  129. @darren yes I will team up.

    I set up a gmail account .

    I think either we invite those with concerns to send an email here or someone sets up a facebook group.

    For those who send an email and state they are a genuine investor and show some evidence they get an invite to a facebook page.

    Thoughts?

  130. @Sara, thanks for the information. I’m sure that this blog is being followed by Bar Works and we have to wonder why they aren’t coming out and shooting the doubters (like me) down in flames. They haven’t produced Jonathan Black, or commented on Mr & Mrs Haddow’s involvement, or explained who owns the company or how they spend investor’s money, or where their staff are based (because it isn’t at the address on their website), or how all the various companies are linked and who owns them, or why they kept avoiding the journalist at TRD.
    Even you didn’t visit their office or meet any of their management team. Bar Works could yet turn out to be a completely legitimate company but personally I very much doubt that. They don’t even have to come on this blog. They could invite the TRD journalist to their office, give an interview and provide evidence. He would then write a piece in his paper clearing up all the accusations and everything would go back to normal.
    I urge caution on both the forum and the position with your agent. Firstly, the forum will almost certainly be infiltrated. It is easy for BW to get a friendly person to join. Even when the whole Capital Alternatives scam was coming to light there were investors who believed they were innocent and were feeding information back to them from investor forum groups. Secondly, you should not regard your agent as your friend. He/she is a salesperson working on commission. Capital Alternatives, its’ management team AND agents were included in the FCA prosecution for jointly promoting a Collective Investment Scheme. If they are convicted at the trial in July they are facing jail terms. It is certainly possible that the Bar Works model is a CIS and may also come under the UK’s ‘Non Mainstream Pooled Investment’ legislation. This means that your agent could be held jointly liable by the FCA and, if proven, the personal assets of the people involved will be seized by the FCA and used to compensate investors. The protection of limited company status is completely removed in a case of CIS – the FCA go after the assets of the company AND the personal assets of the people involved in the promotion. Hence the reason Haddow has had himself declared bankrupt.
    My advice is to keep your relationship with your agent strictly on a business footing. There have been enough questions raised about Bar Works with no answers coming back that you should seriously consider insisting on a refund. If you trust the people involved and can afford to lose the money then stay invested. If you have doubts yourself, haven’t had clear and definitive answers to the question with supporting evidence provided, and you CAN’T afford to lose the money then, if it were me, I would be knocking on the agent’s door demanding a full refund. It isn’t worth the risk.
    I note that you haven’t given the agent’s name or details and I assume that is because you feel uncomfortable going public with it.
    If you don’t mind me asking what was the name of the main sales person you met in New York and was he American or British ? It’s always useful to know what the names are and where they come from (even though they have been known to use false names). After all, if the founder Zoia Kyselova (who we now believe is Zoia Haddow) is described in brochures as Zoe Miller why can’t the salespeople have fake names too….

  131. @Monta
    I received this email yesterday as well, the good thing is they are feeling the pressure and know investors are kicking off and want answers as well as their money. Whether they will follow up and continue communication and respond to all investors is to be seen.

    @gogsuk
    I think a closed facebook group seems to be a good idea, however posting on here is also good as i’m sure barworks are probably reading this and this is probably quite effective in getting the message to them as well as all the other correspondence & agents contacting them.

    @marksie
    My recent payment was sent from a Barclays UK bank to me in my UK account. So they have changed the banks, maybe only for UK investors, i’m not sure. Also it mentioned on there the sending company as Barworks USA / UK Ltd, the director of which is Franklin Kinard. The address for this company is just a standard company formation place.

    https://companycheck.co.uk/company/10588480/BAR-WORKS-USAUK-LTD/companies-house-data

  132. BTW I did contact fraud solicitor in NY that I found on Google. He did not know anything about BarWorks. His comment “If it truly is a “scam” a civil lawsuit won’t help as there would be little if anything to collect from a defunct company in the time it takes to perfect a lawsuit.”

    @gogsuk
    Sounds like a good idea. What kind of proof would be required to show to join the group?

  133. Yes that sounds like a good plan. I will drop you a line on the email address you have set up.
    I have no problem sharing evidence of my investment, contracts, lease, chain of emails to all the individuals at Barworks.

  134. A lot of people commenting on here now (which is good). May have to mentally shuffle some posts around because they may have been written before other posts showed up, but it is good that most people are trying to get to the truth.
    The Bar Works reshuffle will be interesting. There’s a lot of heat coming onto Bar Works now from a number of directions. Odd that they never mentioned delays at almost every site. Lots of press releases about how successful they are, but none informing anyone about delays. Until now…..sounds like an excuse for them saying that they won’t be able to meet the terms of the contract.
    @ Jared, will Franklin Conhard be answering those three questions anytime soon ?

  135. For what it’s worth –

    I think a group is a good idea for genuine investors to share their experiences and documentation etc with each other however be VERY careful. It would be quite easy for someone from Barworks to fill out a lease in the name of say ‘Johnny White’ (Black is already being used I believe!) and enter your group under false pretenses.

    Don’t lose sight here – personally I don’t think there’s any doubt that they have bought or leased premises for this scheme and they are or will be or might be operational but this is a front to sidetrack you. It’s a shop window.

    The real issue is HOW they raised they funds, if it was legal, who owns the real estate if it goes belly up, the fraudulent signature or assumed identity of JB/RH and how they are generating the returns to you. If you can prove it’s a Ponzi then you can build a case and whilst low ‘members’ might point you to that assumption, it’s not enough.

    I’m sure that a company as ‘successful’ would by now have a large team of directors and support staff in a swanky office somewhere?

    I wouldn’t even be convinced that Kinnard knows the half of it or what has happened to date and they’ve passed him a right ticking time bomb.

    As for copying WeWorks……

  136. None of these agents give a shit about their clients. They only sell these loss making investments in order to pick up that massive 15%-20% bonus and only the shittiest deals (made to look like very profitable ones) pay 15%+. Legitimate investments pay around 1%-3%.

    Go look at these agents websites, they’re full of these types of easy money deals paying a 20% yield in a world of zero rates. The agents all go on about ‘due diligence’ but the only due diligence they do is see how much commission the deals pay. If it’s high, they pimp it out. The agents aren’t stupid they know just what they’re doing although they’ll tell you they ‘feel your pain’ when things start to go wrong. Many of them will also say they invested in the deals themselves to make the clients feel better but as I said, they’re not stupid, they’re very mendacious, so they haven’t invested as they know a crap deal when they see one.

    The agents will also not tell their clients just how much money they’re being paid (by their clients). The clients pay the agents a fortune (the 15%-20% comes off the top of the clients original investment) hence it’s kept very quiet because the agents and the investment managers view the clients as sheep to be fleeced and the less they know about what goes on in the background the better.

    Sorry but the above is the reality. People must start to learn about how the unregulated investment world works. It works to transfer customer money to the people behind the deals as well as the agents. As for what they’re investing in, normally it’s a joke but by the time the investors have realised, the scammers have moved on. New company, new hot investment product offering you guessed it bumper yields in a world of zero rates. Same result for them (major money) same results for the clients (major losses).

    Just look at this website for an example. How many articles have been written about these unregulated investments? 20, 30 maybe more. And tell me how many times this website has been right or wrong? It’s always been right and never been wrong. Redd Monitor is therefore not wrong with Bar Works so expect more emails from the CEO explaining there are yet more ‘unforeseen problems’ due to (insert excuse). Clue, they won’t be sorted out, buying time is the sole goal. Anyway wasn’t Bar Works supposed to be a bullet proof business? Looks like the bullshit is already starting to unravel.

  137. We don’t need @Jared any longer. We can go straight to Nancy Rodriguez.
    Here are the questions every investor should be asking Bar Works’ new customer representative. Feel free to add any more of your own.

    Dear Nancy,
    I have read a number of blogs about Bar Works Inc that have given me some concern. I am certain that you would want to put my mind at rest and be completely transparent with me. For that reason I would like you to answer the following questions:

    1. Who are the directors of Bar Works Inc ? The marketing material that made me want to invest says Jonathan Black, Zoe Miller and Robert Munden are directors.
    2. Please can you provide me with evidence that the co-founder Jonathan Black exists ?
    3. Please can you provide me with evidence that Zoe Miller is the real name of the co-founder ?
    4. What are the contact details for Robert Munden and was he formerly a director of a company involved with Capital Alternatives Ltd ?
    5. Who are the shareholders in Bar Works Inc ? Why is this not in the public domain like most bona-fide companies ?
    6. My contract for rental payments is with Bar Works Management Inc. Who are the directors of this company ?
    7. Who are the shareholders in Bar Works Management Inc ?
    8. How does Bar Works Management Inc generate the revenues to pay my rental payments ?
    9. Is Renwick Haddow or any member of his family still involved with Bar Works Inc or Bar Works Management Inc or any company which forms part of the Bar Works Group of companies ?
    10. Does Renwick Haddow or any member of his family or any company in which he or his family are involved receive any payments from Bar Works Inc or Bar Works Management Inc or any company which forms part of the Bar Works Group of companies ?
    11. Does Renwick Haddow or any member of his family or any company with which he is involved have any financial interest in any of the freehold properties involved in Bar Works operations ?
    12. Please provide a breakdown of who owns the freehold of the property in which I bought a workspace unit ?
    13. What is the percentage of commission, marketing, admin and consultancy fees that was deducted from my investment money when it was received by Bar Works Inc ?
    14. Which companies received those payments ?
    15. Where are your office staff based ?
    16. My representative would like to meet one of the directors. Please can you advise me who that will be and what time/date would be convenient ?
    17. Why has a member of the Bar Works management team not met with the journalist from TRD to answer his allegations ?
    18. If it turns out that the marketing material was not truthful will you refund my investment in full ? If not, why not ?

    Let’s see if the investor relations representative is as open and honest as she should be. Point 18 is the key one for concerned investors.

  138. @H. Butterfield – I agree. The “agents” should be held responsible for pushing unregulated investments. Please contact the FCA to report what happened.

    I’ve written about one of the operations that sold investments in Bar Works – Heron Global Partners.

    Six and Flow, the company that ran Heron Global Partners’ marketing campaign, admitted that at least part of the marketing was “potentially misleading”.

    I’m interested in writing more about the other companies that promoted Bar Works. If anyone wants to talk to me about their “agent”, how they got involved with this investment, and some of the promises that the “agents” made, send me an email – reddmonitor@gmail.com. Thanks! If you prefer to remain anonymous, that’s fine.

    REDD-Monitor’s posts about unregulated investments are collected here:

    http://www.redd-monitor.org/tag/boiler-room/

    The first one was written in May 2012. Since then I’ve added a further 180 posts (some are about the same company or group of companies).

  139. How would those affected feel about emailing an attorney individually but as a group, attaching id and lease agreements?

    I may have a california based firm willing to look at it if they get enough numbers.

    Reply if hypothetically interested in this.. if yes id post email address and name of lawyer here. Those who want to get involved email lawyer direct. He verifies and creates a group and represents us….

    Thoughts?

  140. Hello all,
    This information was apparently sent to investors at the beginning of the year. I didn’t get this info until today. A fellow investor shared it. Sorry for the formatting, it was originally a PDF…

    Bar Works Comment on the Real Deal Article
    There are only two ways to use investors’ money. . . wisely or foolishly. Bar Works management has wisely deployed resources from our backers. As a result, Bar Works is becoming a stronger enterprise each day. We learned from mistakes at our first two locations in Midtown, and we are relaunching those venues. Our
    third site– on 7th Ave South in New York’s Greenwich Village– is growing in popularity. And within weeks, we’ll have the formal openings of Bar Works in San Francisco, Miami and on Chambers St near New York’s City Hall.
    We have also refined our business model to include juice and coffee concessions, which will debut at Chambers Street in Manhattan.
    Along the way, we have dramatically improved our construction process, which allows our locations to produce revenue sooner. In addition, our marketing has become more scientific. And we have improved our internal operating systems. In short, Bar Works is a vibrant, disciplined enterprise. . . which is precisely what investors want.
    However, none of this was mentioned in a horribly flawed recent article. The story wrongly implied that Bar
    Works is effected by a totally unrelated civil matter in the United Kingdom, involving an independent Bar
    Works consultant. Further, the article inaccurately describes that consultant’s civil dispute.
    The consultant is Mr. Renwick Haddow, who has helped Bar Works in areas that greatly strengthened our
    operations and benefitted our investors. But Mr. Haddow’s civil challenge in the UK has nothing to do with his
    activities for Bar Works. The story about him appeared in a real estate publication called The Real Deal.
    Bar Works is led by Managing Director Frank Kinard. In a video posted on the Bar Works Web site, Mr. Kinard
    explains that he has launched an information initiative that will give investors a better understanding of the
    company’s performance. This will include periodic conference calls, where Mr. Kinard will take live questions
    from investors.
    Bar Works isn’t afraid of scrutiny because we believe in what we are building.
    Thank you. There’s much more good news coming.
    Frank Kinnard
    Managing Director
    Bar Works Inc.
    Bar Works Comment on the Real Deal Article

  141. @gogsuk, see Monta’s post above of 5th May. It really isn’t worth taking the legal route. Very expensive and absolute waste of time. It is much better to ask the SEC in the USA, the FCA in the UK and the police to investigate.

  142. @marksie i disagree. A usa lawyer engaged by a mass group of us can approach SEC on our behalf and can cause a whole heap of bother. Collectively it wont be as much as you think… lets see

  143. Now here’s a funny thing. In February 2017, when Franklin Kinnard signed Bar Works’ response to The Real Deal article, here’s what his signature looked like:

    By April 2017, when he told investors that Bar Works was having difficulties with its bank, his signature had changed to this:

  144. @Monta, thanks for that. It is a laughable reply by Kinard. It says that it is a response to the article in TRD but it isn’t at all. It doesn’t answer any of the questions raised by that article i.e who is Jonathan Black ? Who is Zoia Lysekova/Zoai Haddow/Zoe Miller and so on….. Every time they avoid answering those questions it reinforces the view that TRD was absolutely bang on the money. Black doesn’t exist. Haddow’s wife is fronting Bar Works for him and Munden is a dumb puppet that Haddow has used before in a previous scam.
    Come on Kinard, you must be reading this. Answer those questions for your investors !

  145. @gogsuk, fair point. I wouldn’t want to stop any group from taking legal action if they felt it could give them a result. If you band together to get a lawyer to take the case to the SEC then that is a much better option than trying to prosecute it yourselves. A lot of information has come out in the past few days. I need to think about it. The change of bank account payments from Bar Works Inc to Bar Works USA/UK Ltd may appear a small irrelevance, but it could be highly significant.
    The SEC only gets involved if a fraud involves one or more of the following:
    US investors are involved;
    The transaction went through a US bank;
    The transaction was made in US$.
    For most investors so far I am assuming that the second two rules apply.
    It may be that a new version of the Wealth Builder program will be launched through a UK bank and will not involve US$. We shall have to wait and see.
    Lots of information to digest.

  146. Hello all,

    I might be a bit naîve but what is the danger with sharing ones identity in these forums? Or sharing the name of the agents? Not sure why everybody is so cautious…

    @gogsuk regarding getting a joint lawyer, it is not so much the cost but the potential reward that does not make it worth it. By the time we could take BarWorks to court, there wouldn’t be any money to claim back.

  147. @ H Butterfield – 2 words

    SPOT ON !!!!!

  148. @Stephanie – Please read this comment. I cannot manage the various email requests. Please don’t ask me to share your email address or ask others to write to me to ask for your email address. I’m sorry, but it’s becoming a full-time job. Why don’t you set up a Facebook group?

    @Darren (and everyone else) – Please don’t send me an email asking me to forward your email address to @Stephanie (or anyone else). Thanks!

  149. @ Chris – re. signature, brilliant! I was only the other day trying to find something similar.
    Do you have anything signed by Black Haddow to compare?

    Picking up some traction now on here which is good news for the investors.

    Build a group
    Do loads of research
    Collate your findings
    Align your ducks
    Load your weapons
    Squeeze the trigger

    Metaphorically speaking of course.

  150. @ Monta – some of us on here are investors who may not want to reveal themselves because if their agent or barworks are following they will worry their returns will stop.
    Some of us on here have been ‘hit’ before by these types of con artists but wish to remain anonymous.
    Some of us on here will be agents, competitors or managers seeing where the thread is going and trying to preempt the outcome or prep for the next phase.
    And some, who go into detail and give specific views and fact about this scheme and the industry as a whole might just be fed up with seeing the same old routine, with the same old people making millions illegally whilst others try and do an honest job legally.

    There have been so many of these ‘types’ of projects over the last 10 years or so. Penny share scams, iPo’s, carbon credits, rare earth metals, diamonds, alternative fuel, so called green investments, bamboo, trading platforms, social housing in Brazil, land pre planning, coworking office spaces……. it is endless.

    One question I will throw out there – reading ‘Fu’ Kinnards email reply about and mentioning Haddows name and admitting he was involved etc is an obvious ‘if we name him it looks like we aren’t hiding anything’ BUT ask yourself this – IF you were sitting on this bomb proof business model, even with Trump in power, would you honestly want anything to do with a man wanted in several countries for previous scams??? Of course not, unless said man started it up and then moved it on to someone else who then has to release a statement saying ‘oh he has previous but it’s nothing to do with this and he’s brilliant at what he does and this will only make you, the investor, so much better off’.

    The way they get around the obvious ‘collective scheme’ is to ‘sell’ the investors a license individually.

  151. Yes am behind this, forward details of your attorney so I and others can make contact.
    I am willing to start raising a complaint with the FCA

  152. @Monta, very great and thank you very much for your informative posts. Keep us update!

    @gogsuk @Monta @Darren @Scotty I don’t agree in facebook, it has all our private information – our photos, posts, activity, etc. You can’t guarantee that the group is clear from Bar Works staffs. Proof like lease agreement can be edited/photoshoped.

    So, does anyone of you know or can find a lawyer who wants to be rich? HELP US IN BULK!
    Each investors pay 10% of their investment amount to lawyer. Some investors invest $25,000 / $50,000 / $100,000. I believe dozens of investors are reading this and agree to team up. We team up together and if the total amount is $2 million, we pay 10%, then the lawyer gets $200,000 at least, the lawyer just need to win one case. Any lawyer wants to take this opportunity?

    Just ask your friend or relative, do they know any lawyer want to take this opportunity? The lawyer then create a mailing-list or forwarding email account for all of us who are willing to team up as a bulk.
    TERM AND CONDITION: NO WIN NO FEE. YOU WIN YOU GET RICH!!

    @marksie Zoe Miller is not the real name for sure that we have already known, she is Zoia Kyselova, her facebook is https://www.facebook.com/zoya.kiselova. Take the screen capture before it is deleted!
    Bar Works staffs are all using fake name, Zoe Miller = Zoia Kyselova, Jonathan Black = Renwick Haddow, Tahyira Cordner = Tahyira Savanna, Franklin Kinard = ?????, Nancy Rodriguez = ?????

    @marksie @Scotty I am aware two of you are the most concern, are you guys also investors? If not, why are you so concern?

  153. It looks like you ‘guys’ are moving this forward with some great ideas, looking to team up etc and approach a lawyer (needs to be US based as that’s where the crime has occurred or the money trail goes to) however as @Sara mentioned if they are now using UK accounts, UK clients approach the FCA, someone get on to the SEC in the USA. Would also make contact with Serious Fraud or the NCA for uk clients.
    You need to go hard at this and spread your investigations.

    @ Stephanie – I obviously do not know how Marksie will reply to you but I have personally asked you where you are based? Which agent you dealt with and where that agent is etc but you’ve refused to reply.
    If that is because you are only willing to talk to investors, of which I have already said I am not, then I understand however my input on this forum has been purely to try and give investors some background on how the industry works so you can piece things together. I cannot tell you how I know my information or where it comes from so please don’t ask but if you want someone to give you an insight into what these people are capable of and their general aim in life or how they operate, feel free to ask but only if it will help.

    The best example I can give you is this – imagine walking into your favorite designer store (let’s use Gucci as these boys like their bling) and the shop window looks amazing.
    You walk in and choose to buy, let’s say a $25,000 item.
    You can then choose to take the one off the shelf which you know is authentic or the salesman offers you one from ‘out the back’ with an offer to buy it back for $35,000 in 2 years. It’s only when you get home that you realise the one you chose from ‘out the back’ is a cheap copy. You go back the next day and the shop is now Ralph Lauren and the salesman has gone.

    One thing for the future to remember all investors on here is this – buy backs are generally rubbish unless you have a stated monetary amount in your contract and it’s based around realistic market value of the asset backing the contract and not just a piece of paper like barworks.

    Example – if you ever deal in the real alternative market like antiques, collectible cars or genuine art, a dealer will NEVER give you a buy back clause. The investor though is buying to hopefully make the return over a period of time but nothing is definite.

    Fixed returns are also dubious unless the ‘thing’ is up and running and creating that return.
    Developers of Student apartments went mad on this several years ago to ‘beat’ the buy to let market but if the property is off plan or not tenanted, the ‘guaranteed return’ is built in to the price you pay.

    As I’m not an investor if people wish me to leave, just let me know.

    I hope you all get the justice you deserve through the courts or via a government authority etc.

    Remember Jim Moore is now being held for a $150m ‘deal’ he was involved in years ago.

    It might be a long run guys but you owe it to yourself to finally put this man away although the FCA may do that this year anyway. You just want to get some money out of him first.

    And remember there are no guarantees with any investment!

  154. People the company is total scam, walk in to Bar Works 47 7th Ave S, New York, NY 10014. Ask for Franklin Kinard or someone in Administration. They all sit the basement there. Stop the madness and do it.

  155. @Scotty, nobody has to leave. This is a public blog open to all. @ Stephanie, see previous posts for your answer.

  156. @stephanie

    @everyone

    I am in touch with a top lawyer in Northern California specializing in investment fraud and ponzi schemes. He has asked me for info which I will send to him on Monday.

    He says he would be theoretically interested in a collective approach. I said I would post his details on here and have anyone concerned or interested to email him direct. He can verify everyone and this means nobody has to worry about sharing identity and getting involved on facebook or other social accounts. It can all be done direct with the lawyer and he can review copy of each investor passport and contract etc.

    I think if he can represent enough of us it then becomes worth it for them in terms of $$ that could be obtained.

    Watch this space

  157. @Scotty I will not answer your question here, I have asked @Chris Lang to share your email account you but he refused.

    May be you can send email to @gogsuk at and ask him to forward it to me. Thanks.

  158. I was wondering where I would find the chatter heating up on Bar Works. I invested in one work space @ $25k. I live in the UK and am a US citizen. The latest email from Frank K received on Friday only adds fuel to the fire. Bar Works is now processing payments via CFX which is London based and also regulated by the FCA. This may be the trigger to get the FCA involved. When I purchased my lease a year ago, the alarm bells should have been ringing. I bought through Clinch Property listed in an earlier post. I’ve had a number of emails back and forth between Jessica Mayo, Brian Cohen, Tanya ??, Yuna??. No missed payments yet, but I’m being hit for a new $20 routing fee due to the change in money transfer agents to CFX. Based on the mail ‘investors’ received on Friday, there is high risk that future payments will not be forthcoming at all.

  159. This is a repost as I can’t see my original. What a trail of similar experiences and feelings. I am an ‘investor’ having purchased one lease last June. All was going well until this March when for some reason, I was paid double the amount. This raised flags. I queried it and was told I was paid for March and April. BW’s is now using CFX in London for payments and I also had a $20 routing fee taken out of the total. Not good. I challenged this and have been going back and forth. I was paid in April for some reason as I was paid for April in March. I have been dealing with Yuna, Jessica Mayo, Brian Cohen, Tahyira Cordner at various times. Perhaps as CFX is London based and regulated by the FCA, reporting this to the FCA might be an option. I’m based in the UK and am a dual US/UK citizen.

    Friday’s email from Frank K did not exactly fill me with confidence. Posted below, the blame game has started. I wonder what the leaseholder relations apparatus is? Does Nancy Rodriguez even exist? Will calls be returned in a matter of hours?

    The case continues.

    ==========================================================================

    Official update from Bar Works CEO,
    Franklin Kinard

    Good day. I’m Frank Kinard, managing director of Bar Works. I apologize for the inexcusable breakdown in communication between Bar Works and our leaseholders.

    Yes, regrettably, rents to leaseholders have been delayed. This is due to necessary, productive restructuring that will be explained in greater detail in the next few days. As well, we will lay out a structure for leaseholders to ensure they are not disadvantaged. None of this is unusual. All ventures go through realignments, with good news and bad news along the way. At every stage, however, our stakeholders deserve to be informed. Our leaseholder relations apparatus failed at that task. I won’t let this happen again.

    What restructuring? For instance, Bar Works corrected severe problems with our construction process. That’s crucial because construction is at the heart of our company. After all, we provide space for commerce. Unfortunately, an ineffective general contractor was initially hired to develop Bar Works locations. As a result, several Bar Works sites were far behind schedule, or raw spaces sat idle due to the general contractor’s mishandling of permits and other protocols.

    A new team fixed this. That’s why our Miami venue opened only a month after we secured the building. That’s why our landmark building in Hollywood, California is launching in just a few weeks. These new procedures also rescued exciting locations in San Francisco and New York.

    Right away, we are creating a better information pipeline for leaseholders. For the rest of this week, you can email clientservices@barworks.nyc. Starting Monday, the permanent representative for investors will be in place. She’s Nancy Rodriguez, and she can be called at 646 829 1564, or emailed at clientservices@barworks.nyc. If you don’t reach someone instantly, we guarantee a response within hours.

    Thank you. More updates are coming your way.

    Frank Kinard

    Managing Director

    Bar Works

  160. For those with a case to claim refund against Barworks? You dont have to send me details now, please can you advise how much you have invested please?

    From my side I can confirm – 25000 USD

    I want to give the lawyer I am talking to an indication of how much we have disputed here…

    Thanks

  161. @salem

    I have invested too … Im from Saudi Arabia … can we get in touch on riy007 @ h o t m a il

  162. @Stephanie – Just to clarify. You asked me to forward the email addresses of several people who have commented here. As I explained to you (more than once) obviously I cannot share email addresses without the permission of whoever’s email address it is.

    As I explained in this comment I simply cannot manage all the requests for other people’s email addresses. Sorry! That’s why I suggested setting up a Facebook group. Alternatively, you could leave your email address – or use , as you suggested.

  163. @tim – funny you say CFX they used them 1 year ago with me… defo a case to report to FCA.

    @rashid – send email to tell me how much you have invested and if you want to get involved in legal action. Have a california based ponzi lawyer interested in a clasa action case

  164. @rashid – Please be aware that leaving your email address on a public forum like this means that you could be contacted by people pretending to be investors, but who actually work for Bar Works.

  165. $125000
    I have already contacted the FCA.

  166. 1) @ – $
    2) @ – $
    3) someelse who contacted me privately – $
    4) and another – $

    Who else wants to add to the list?

  167. @gogsuk 50 k

    @Chris Lang … thanks for the advice .. but i want to meet with the guy in person since we are in the same country and facing the same issue.

    apparently, they are starting to sell some units on chinese investors thru www. MIUHK .com

  168. Please add to the list below who wants to team up to take legal route as a group. Each investors will pay 10% of their investment amount to lawyer who win our case. That means 10% from the total amount of the list below.

    The lawyer just need to win one case and get the money.

    Terim and condition: NO WIN NO FEE. YOU WIN YOU GET THE MONEY.

    1) @ – $
    2) @ – $
    3) someelse who contacted me privately – $
    4) and another – $
    5) – $
    6) …..
    7) …..
    8) …..

    Please continue.

  169. @stephanie – to clarify, that would be a good deal if a lawyer were to agree to that. I have sent him my full case and a heap of supporting info.

    Lets see what they say.

    Can anyone add their investment amount to this list?

    @monta – how many investors are you in touch with and how much?

  170. 1) @ – $
    2) @ – $
    3) someelse who contacted me privately – $
    4) and another – $
    5) – $
    6) another approach –

    Thats

    Who else wants involved to sink these losers? Email me

  171. Hi all,

    I have invested $25 000.
    About seven Swedish investors might join as well ($25 000 – $100 000 invested each).

  172. 1) @ – $
    2) @ – $
    3) someelse who contacted me privately – $
    4) and another – $
    5) – $
    6) another
    7) + approx from 7 investors

    =

    Anyone else interested?!?!

  173. @Gogsuk please add me to the group as well I invested 25,000$ for a space in NY and 10000$ for another in Istanbul with Barworks and I did it directly with Barworks NYC my account manager is Keith Simpson .

    I have asked for a refund through email since all their known phone numbers are either disconnected or goes to voice mail. No response yet from anyone.

    I have my allocation number for the two units.

  174. @Stephanie’ @gogsuk. Add me to this list for $25,000. I will also get in touch with FCA complaints.

    See email contents below from CFX to Bar Works Jessica Mayo regarding my questioning the routing fee charges. The only reason I’m posting is this is to evidence that CFX is involved.

    ——– Beginning of forwarded message——–
    23.03.2017, 12:33, “Nick Burns” :
     
    Hi Jessica,
     
    I hope you are well.
     
    This will almost certainly be a routing charge. This is not a fee that either banking (mine or his) are applying, but a third party routing charge.
     
    All USD get routed through a third party bank in the US before routing to the beneficiary bank. Sometimes – and it is very difficult to predict when – that bank will help themselves to $20-25 (ish). There is very little we can do to avoid the fee.
     
    What I suggest you do, is encourage the client to receive one payment on a quarterly basis. That way we will only have one payment and one routing charge.
     
    Kind regards,
     
    Nick
     
     
     
    Nick Burns | Senior FX Dealer
     
    Central FX | 3 Lloyd’s Avenue | London EC3N 3DS
    Direct phone: +44 (0)207 265 7982 | Phone: +44 (0)207 265 7979 | Fax: +44 (0)207 265 7901
    Please visit our website at: http://www.centralfx.co.uk

  175. I wonder how much @ Jared invested? Ha ha

    @ Stephanie – just trying to help you out, no worries if you don’t want to name and shame on here.

    If you get together and go through the lawyer suggested on a 10% turn, that’ll be a pretty penny for him/her but well worth it!

    Good work

    Next stage guess – you’ll get a return but won’t be the full amount and it will be accompanied with a lame excuse.

  176. Or some bull suggesting the investors have their returns quarterly or 6 monthly…… putting the decision on the investor if they have issues with any charges etc. Clever psychology play!

    And guess what – the investor thinks I’ll just have it 6 monthly which gives BW more time and the investor doesn’t receive another penny/cent!

    I think you could get up to $1m on here fairly quickly and when you do, just another $49m ish to go!

    Your lawyer could be retired soon haha

  177. I contacted FCA on Friday so will await their response and follow up this week. I am in touch with a specialist nyc Ponzi prosecution attorney. Also a uk based contract solicitor I use. Widens our scope and options once we know how many investors are onside

  178. 1) @ – $
    2) @ – $
    3) someelse who contacted me privately – $
    4) and another – $
    5) – $
    6) another
    7) + approx from 7 investors
    8) from another
    9) from another
    10) from another

    = !!

    Note anyone contacting me privately i am not mentioning name.

    Anyone else interested?!?! Email Asap to

    Thanks

  179. Please type the name specifically to avoid double amount input from the same investors.
    Make sure your name is already in the list for those who want to team up.

    1) @ – $
    2) @ – $
    3) someelse who contacted me privately – $ —-> who is this? one investor or two? split them
    4) and another – $ —> who is this? one investor or many? please split them in the list
    5) – $
    6) another —> is there lease?
    7) + approx from 7 investors —> please split this to each investor name and amount
    8) ….
    9) ….
    10) ….
    11) ….

    So it is easier for us and for lawyer to identify.
    Thanks.

  180. @gogsuk if you not mentioning their name, you can use alias for them, because its easier for us and you in future, to ensure no double amount from the same investors, thank you.

  181. For this forum I don’t think you need to split the exact amounts and names, it’s just to give everyone an idea of amounts etc. The individual detail can be given to the lawyer if required.
    You have to be very careful on here.

    There are loads of investors out there, you just need to find out how you reach them.

    Word has it one of the senior ‘brokers’ at UPI was earning $10-20,000 a month (!) in commissions so that’s a few investors you would like to talk to!

  182. @stephanie

    Not to worry. I am tracking everyone so no duplications. I am not entering names as those have contacted me directly and have in some cases not been on the blog.

    We are gaining some momentum here. I hope that more investors wanting to join our group will come forward asap.

    Send emails to

    Thanks

  183. @ Marksie – relating back to earlier posts – sounds like The Black Haddow Spider held back almost $half a million in commission to UPI. Enough of a reason for them to fall out and set up their own version?

    Would be interesting to hear if investors here invested in BW and were then approached to ‘load’ into Ourspace.

  184. 1) @ – $
    2) @ – $
    3) someelse who contacted me privately – $
    4) and another – $
    5) – $
    6) another
    7) + approx from 7 investors
    8) from another
    9) from another
    10) from another
    11) from one today

    = !!

    Note anyone contacting me privately i am not mentioning name.

    Anyone else interested?!?! Email Asap to

    Thanks

  185. 10% of $ is $, that is the amount the lawyer will earn by winning our case, no win no fee.

    We need to cut off adding investors to the list after deal with the lawyer.

    So, investors who are reading this, hurry make your decision.

  186. @stephanie

    Agreed. Anyone else please come forward send email to

    Once lawyer agrees we cant accept anyone else.

  187. Why cut off?? Keep building! No harm in telling the lawyer you are at almost $1m after 48 hours so he/age can expect more.

    You are approx 1/50 of the way there!

    Where are FJP investment based @ Stephanie?

  188. Well over investors and + / when lawyer responds we will proceed. If you want in. Speak now. Thanks

  189. @gogsuk, any news? Have you talked to the lawyer? What he said?

    Meanwhile for anyone here, if you know other lawyers, please ask them whether they want to take this case, don’t depend only on one lawyer from @gogsuk.

    @Darren, how about the attorney you mentioned? Specialist NYC Ponzi prosecution attorney and UK based contract solicitor. Have you talked to them? Ask them whether they want to deal with this case?

    Lawyer who wins this case will retire soon.

  190. @Tim – if you are a dual national you may also have a route in with the SEC?

    Just a thought

  191. @Stephanie, you don’t need a specialist Ponzi Scheme lawyer. We all know it is a ponzi scheme but without having access to internal accounts from Bar Works we can’t prove it. It would take forever and a lot of money.
    I’ve seen the Lease Agreement and the Sub-Lease Agreement. They are riddled with errors.
    This is such an easy prosecution. The only issue will be that nobody has a contract with Bar Works Inc. Everyone has a Lease Contract with one of their subsidiary companies e.g Bar Works Tribeca Inc. It is an easy enough solution but a little bit time-consuming. Check your contract to see which company you contracted with. That is the one that you have to prosecute first.
    The contracts I have seen were all signed by Jonathan Black. We are 99% certain that he doesn’t exist so all the lawyer has to do is write to the company you contracted with giving them 14 days to produce evidence of JB’s existence. If they do not comply within the 14 days the lawyer will go to court to have the contract declared null and void (you can’t have a non-existent person signing a contract). At court the lawyer will ask for a judgement granting a full refund to the Claimant.
    Go through the group email to let @gogsuk know two things:
    1. What company did you contract with ?
    2. What jurisdiction does it say that disputes will be resolved in e.g does it say under the laws of New York or is it somewhere else ?

  192. @ gogsuk – please expect email regarding 3 allocations to add to your list
    Thanks

  193. @stephanie

    I have 3 i am talking too. Darren has 2. We will pick the one that seems the best.

    Some may ask for a retainer. Even 50K is ok, and divided up as a weighted amount per investor and value of investment is low per person. We have circa over + now

  194. @marksie

    Thank you. Please send me that info if you havent do so already.

    Thanks

  195. Nice information from @Monta, someone in US, can try to call and ask:

    GANA Law Firm
    345 7th Ave 21st Floor
    New York, NY 10001
    Toll Free: 800-810-4262

    Has someone contacted Nancy Rodriguez as promised by Franklin Kinard?

  196. I have found a declaimer in their correspondence with me … I would like to have your thoughts about it ..

    Disclaimer: This is an email from Bar works, Inc. It is confidential and intended solely for the use of the intended recipient. It (or any attachments to it) may contain legally privileged information which should not be disclosed to anyone else.

    This email and any attachments have been scanned for viruses, but it is the responsibility of recipients to conduct their own security measures. No responsibility is accepted by Bar Works, Inc. For loss or damage arising from the receipt or use of this email, nor for personal emails, or emails unconnected with the company’s business.

    Please note: The services offered by Bar Works, Inc. Are not designated investments for the purposes of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 and as such are not subject to regulation by the Financial Conduct Authority or the Securities Exchange Commission or any other regulatory body.

    We recommend that you carefully consider your decision before submitting an Application Form based on your own personal financial circumstances. The information provided by Bar Works, Inc. Is general information only and does not take into account your financial situation or needs and does not constitute financial advice. Bar works, Inc. is not licensed under the laws of the United Kingdom or the United States of America to provide financial advice and you should seek your own financial (legal and taxation) advice prior to making any decision.

    Bar Works, Inc. is a registered company in the U.S state of Delaware it’s Tax Identification Number is 47 – 4647049.
    Please Consider The Environment Before Printing This Email

  197. OK, maybe I have to eat some humble pie here. @Tim has provided evidence that a US bank applied a $20 charge to a transfer of $250. You can understand why Bar Works would want to find a cheaper option so maybe the US authorities are not yet involved in the Bar Works operation. Which means business as usual for them. Once again this is still just guesswork.
    However, true to form, Bar Works doesn’t just do the simple thing i.e open an account in their name at Barclays in the UK.
    No – instead of doing that they form an entirely new UK company called Bar Works USA/UK Ltd with Kinard as director and it is that company that opens a new bank account.
    Why do that ? Well, call me a cynic but UK banks are getting very fussy about who they do business with. They want to know the names of company directors AND major shareholders before they will open a business account. Not only that, they want copies of driving licences/passports and proof of address. All of that is information that Bar Works Inc really doesn’t want to divulge!

  198. @gogsuk great, the lower fee the better

  199. @stephanie

    I am in touch with Gana Law. FYI.

    He may take our case on. Boutique firm.

    Will.share more info on whats app group.

  200. @ Rashid – standard disclaimer used by these companies

  201. @Rashid, don’t worry about the disclaimer. If the FCA or SEC look at the Bar Works model and deem it to be primarily an investment deal rather than a property deal the disclaimer will count for nothing.

    This post carries the following Disclaimer:
    Please note that this post is not regulated by the FCA or the SEC, nor does it constitute any form of financial advice. This poster is exempt from prosecution by any federal authority even if he uses false and misleading statements in brochures, lies about his company directors, hides the details of his shareholders, pays huge fees and commissions out of investors’ money to third parties, refuses to answer straightforward questions made by investors and ultimately illegally obtains money by deception. This poster does not give two hoots about his investors but does care very much about the environment so please think carefully before printing this post.

  202. Hi! I have an investment of $50K with BW. I have sent an email and posting here now to indicate my willingness to team up with other investors to hire a Law firm to look into our situation.

  203. Interested but The lawyer may win the case but how does that ensure that money will be refunded . These guys have probably spent / squandered most of the investment money . What’s the lawyers opinion on actually getting the investors funds back . Ponzi scheme operators often when caught have no assets to repay investors

  204. @ Rashid, Marksie is right and if it is unearthed as a Ponzi, the SEC will shove his disclaimer where the sun can only begin to imagine shining.

    @ Marksie – You may want to add something along the lines of ‘a seasoned, professional,modern day conman who continues to defy the authorities and investors alike by practicing in the act of ripping investors off having had several if not hundreds of similar scam businesses previously’

    Just a thought 🤣🤑🤠

  205. Gana Law are on the same street as barworks! He could walk to the place and make a fortune!

    Website and services looks ideal for this case.

  206. Sometimes the actual ‘cash’ has been spent but if found guilty etc, they will seize all assets, freeze all bank accounts and confiscate anything else of value.

    You have to understand that this won’t be a quick process but you are doing the right thing by starting. Also, the money has to be an account somewhere that is paying you your returns right? As we all know they are not being generated from membership subscriptions.

    They also claimed to have bought the San Fran site so if that is the case, that would be sold and the proceeds used too for your refunds.

    The way I see it is this ; sit back do nothing and lose everything or engage with a lawyer and let them dig and unearth the truth and if they win, and monies paid back, that’s when they take their fee. Even if you get back half of your investment that’s better than losing everything unless of course investors on here can afford to lose what they put in?

  207. Hi, I’m a BW investor. My first post on here, but I’m in touch with gogsuk on email.

    @stephanie, I wrote to Nancy Rodrigues posing Marksie’s 18 questions from his post a few days ago. I had this derisory response back from her ( if indeed she exists):

    Thank you for your email.

    Bar Works is undergoing a major restructuring which has delayed payments to investors as you already know. In the next few days you will receive futher details on this from Franklin Kinard via email.

    In the meantime, we understand this is extremely frustrating but please bear with us.

    Clearly this is a Ponzi scheme and Haddow and friends should go to jail, but is anyone currently receiving any rental income? My last one was in March.

  208. @Stanuk I believe Nancy Rodrigues is also fake, not exist. I also believe Bar Works staffs are watching this forum, including Renwick Haddow.

  209. Hi this is my first post here iam an investor in Pod works ,UK which is under BW , i have the same problem of delayed payment ,my last payment was on March. is there anyone here a pod works investor ?

  210. @ gogsuk – hadn’t seen that but good

    @ Stephanie – they are probably watching it but no idea why they wouldn’t answer investors questions.
    Don’t worry too much if they are as they don’t really have a leg to stand on

  211. Hi, I have a number of clients who have purchased Bar Works and I’m now very worried about this. I have spoken with Franklin and Nancy but I’m still not convinced and feel I need to start taking action to protect my clients (if I can) Please let me know what I need to do join any private groups so I can disclose more information to you guys. I’m also very happy to pull my weight and help in any way I can in the process moving quickly.

  212. @Dan, thank you for connecting on this blog and saying that you have concerns. My advice to both you and your clients is that the Bar Works model, despite being dressed up to look like a landlord/tenant transaction so that the FCA & SEC might think they have no jurisdiction, is in fact nothing of the sort. It is an investment offer which puts it firmly within their jurisdiction. Both authorities will look at this model and know that it is an investment proposition.

    Bar Works has, as Haddow has done in the past, gambled on the fact that it involves “property” and will claim that it falls outside FCA/SEC jurisdiction on the basis that property transactions are outside of their regulation. Haddow and 15 defendants took this approach in the UK and the Judge threw it out. Two appeals later and the Judges have still thrown it out. All appeals have been exhausted and they are now facing jail terms if convicted in July so I’m confident that Bar Works would also lose any similar prosecution.

    The problem you face Dan is that agents were also included in that prosecution. It is an offence under the FSMA regulations to PROMOTE an unregulated collective investment scheme (which is what Haddow’s schemes usually are and this Bar Works scheme definitely is).
    In the eyes of the law your company, AND YOU PERSONALLY, are equally as guilty as the people who devised the scheme. The FCA’s prime objective is to refund investors and if they can’t get refunds from Haddow, Bar Works, Kinard (yes, he is in the frame too even though he will claim innocence) and their subsidiaries, they are entitled to get it from your company, your personal possessions and your home. Kinard is in the same boat.

    In the UK some of those 15 defendants are trying to persuade the FCA that they were duped but it isn’t cutting the mustard. The FCA aren’t interested. They are on the side of investors and are applying the law as it stands. They know that companies like Bar Works cannot prosper without willing agents who will sell their proposition, so they are deliberately targeting the agents. If they come down hard on the agents then that puts a stop to all these schemes.
    You may well have been duped, but your innocence/guilt will be measured on how you respond from hereon. Your investors are entitled to be refunded from your assets. They might take a more lenient view if you help them to recover their money from the main perpetrators.

    The FCA are being assisted in their prosecution of the 16 defendants by agents who have inside knowledge and want to avoid being included in the prosecution. Alongside that, more than one of the defendants is actively collaborating with the FCA in order to reduce the final confiscation order placed upon their assets.

    The email supplied by @gogsuk is posted in this blog. Make contact and be advised that there is an expectation that you give full disclosure. Other agents have also made contact and they are being measured on whether or not they are providing useful information or just trying to protect themselves from prosecution. Nobody is trying to be vindictive in this process. If you are genuinely supportive you will not be a target.

    I felt the need to highlight some words in this post so that you understand the legal position. ALL of your own personal assets can be used to refund investors. Forget limited companies and limited liabilities. Seek legal advice. If your company promoted an illegal collective investment scheme then all of that protection is removed. YOU PERSONALLY are liable to repay investors.

    Kinard is not only inexperienced in running a company, he has no idea of the penalties he and his family are facing by covering up for Haddow. In my opinion he will end up in jail over this. Wake up Kinard – Haddow has you lined up as the patsy. He will disappear and you will end up facing the jail term. It simply isn’t worth it. Haddow is coming to the end. He has acted with arrogance for years but now they wolves are circling. This is his swansong so don’t let him disappear with Zoia and leave others, like you, to face the prosecution. You will just join the list, like the other 15 defendants in the UK, who are facing ruin as a result of working with Haddow.

    Where is Haddow now ? How much of investors’ money has he taken ? He’ll be doing a runner any day now and leaving his patsy behind. Come on Kinard, go to the authorities and tell them the truth. We know that you think this is the opportunity of a lifetime because you never expected to head a company, but you have been put there to take the bullet instead of Haddow. Seriously man, you need to wise up. You are going to go to jail if you don’t give Haddow up.

  213. Yet more wise words from @ Marksie.

    Even if they try and wriggle out of the ‘unregulated collective scheme’ (which it is), by stating they sold licenses or leases instead of property, it won’t stand up due to the fact of how exactly they have raised the funds and how they’ve used them for returns, i.e. the classic Ponzi model.

    Also remember the Black link, fraudulent signature on documents etc which should deem them null and void.

    As stated many posts ago now, use the legal route, but also get the FCA and SEC involved. The FCA I would have thought will welcome this with open arms as it will give further ammunition for their pending case against Haddow regarding previous scams they are trying to enforce.

  214. Is there an investor or financial advisor on here that invested in either the US Tech Startup Fund or the Bar Works Private Placement ? If so, please make yourself known.

  215. @gogsuk

    125K investment
    Broker in UK

    please send me an email and I will send you all my proof.

    Thanks
    JM

  216. Just received an email from Barworks client services . They claim they are experiencing liquidity issues and monthly payments will resume in June . No mention of whether that will include the missed May payment .

    Has anyone on this forum visited any of the Barwork’s sites that are supposed to be in operation . Do these premises even exist or are they simply photo shopped images .

    I tried speaking to Nancy Rodriguez a few days ago . It was more of a shouting match than a conversation . Very unprofessional and certainly not someone I would place in charge of public relations or customer services

    I notice a number of sites that were offering the Barworks investment are no longer doing so . The scheme is likely at the stage where new money has dried to a trickle and the people behind it are getting ready to up and run

  217. @gogsuk how do I send an email to you? I would like to join also…125K from 2 sites. AM located in Asia, Thailand.

  218. Why are the numbers and email address pixelated?

  219. Hello everybody.
    I have also invested in BW and would like to contact @gogsuk to team up with the rest of investors/ Nevertheless the email address appears to be erased or covered. Any reason for this?

  220. Hello all, thanks for the informative comments. I invested around 205k of my retirement funds and got the same correspondence from Bar Works, and they haven’t made the May payment. I’m very nervous and would like to join forces with you folks and take legal action. I’m based out of Dallas but am currently in NY.

    If someone wants to meet up, we can discuss in person. Also, if someone knows any lawyers that have expertise in such cases, please share their names.

    Thanks again.
    Ashok Jain
    neelimashok@gmail.com

  221. @Gogsuk am unable to email you as I don’t have your email. please email me back at mehta.jehangir @ y a h o o . c o m

    i have also invested in Barworks via a UK agent and will send you all my documents as well as wire transfer details if need be…

    Thanks
    JM

  222. @gogsuk please email me mehta.jehangir “at”
    y
    a
    h o o

  223. @ Chris – Well as long as new investors to this forum can make contact with gogsuk then it’s not a problem although it would be good for all to know afar the running total is. Comfort in numbers and all that.
    There have also been a couple of posters on the other page you set up who hadn’t seen this page so maybe a pointer in the right direction from you would help?

  224. If anyone has concerns about their investments. Post your email address here or a fake one if you want to set one up to protect identity. We will email you. Thanks. We removed our details before as we were getting bombarded before. Tks

  225. @Jeh, and anyone else who leaves their email address here – Please be aware that leaving your email address on a public forum like this means that you could be contacted by people pretending to be investors, but who actually work for Bar Works.

  226. Dear all,

    To confirm if you have concerns about your investment. Post a message stating the following:

    $$ invested
    Name of barworks signatory on your lease
    Your location
    Contact email address (can be a specially created one to protect your Id online)

    Someone may see your posting and email you. Thanks

  227. It isn’t wise to keep updating people in public about the numbers involved in an investors’ group. This will only encourage your targets to take all the assets and run.
    I am not a fan of using a lawyer at this stage. A lawyer has to go through due process which means that the target is forewarned well in advance and has months in which to make plans. The first step is that your lawyer charges in with accusations and demands answers within 7 days. The target responds by instructing his own lawyer and then the two lawyers trade insults and argue over points of law for the next 2 or 3 months. Any action taken by your lawyer without evidence to back up that action will be rebuffed by their lawyers on the grounds that you haven’t provided the evidence. After a few months they might actually have moved on to some minor action which forces disclosure. The other party then stalls that action or appeals the disclosure notice etc etc. 6 months have passed and you are no further along.
    Rest assured that you will be inundated with lawyers telling you that you will win and it will only cost $XXX, but once the action gets underway the lawyer will keep coming back for more cash irrespective of whether or not this is No Win No Fee deal. The small print will give them a get-out.
    As I said before, if investors want to take the legal route and are confident of early success then there is nothing to lose, except more money, by taking that route.
    I’m sceptical that investors could even take action as one group because they might all have different contracts. That all needs to be sorted out.
    The key element at this stage is for investors to be patient, gather evidence, formulate a plan and then go in hard and fast when they are ready. I don’t think you are ready yet. Can anyone prove absolutely 100% for certain that Jonathan Black does not exist ? I’m the one who has said from the beginning that I’m 99% certain he doesn’t exist but 99% is not 100%. Bar Works isn’t just going to roll over the moment your lawyer’s letter arrives.
    @Dan, I gave you a hard time over your role as an agent because I wanted you to understand the legal position you are in. If you want to help us you, and anyone else who is interested in gathering evidence to build a strong case, can contact us on barworksfight@gmx.com

    Just so you know, we are not going to be appointing a lawyer at this stage. We are in contact with @gogsuk but can’t give all our information because we have not checked the investors in his group. We can only deal with people we have personally checked. Every person who responds to the above email address will remain confidential and will not be put in contact with any other investor unless they specifically request it. We are an information gathering group and have a lot more information than we have posted on this blog. We believe that people reading this blog also have information that maybe they don’t even realise is important, but which might be the key to unpicking the Bar Works mess.

  228. @scotty @marksie @stephanie @erik @salam @jannovak @gogsuk

    Please add me to the list of investors I invested $125K in late April no rentals have been received so far.

  229. I believe investors here got an update from Franklin Kinard yesterday and I also got forwarding email from other investor this morning (pasted below).

    Bar Works is indeed still in business, we hope Bar Works business grows better so they are able to continue the payment soon.

    ____________________________________________
    Cheers to Expansion!

    June 8- LA
    Stroll down Sunset Blvd. and explore the interior and exterior of our gorgeous Los Angeles location in West Hollywood.

    June 15- SF
    Welcome to “Crown & Acre at Jack’s” as our on-premise restaurant in #SF. Enjoy breakfast, lunch or happy hour and invite clients or fuel your own creative tank. Try the menu ahead of time at our launch.

    June 22- Chelsea (8th Ave)
    Located next to Google’s headquarters, this neighborhood provides a collaborative space along with an invitation to explore art galleries, Chelsea Marketplace or a stroll on the High Line.

    June 29- Chambers
    Head downtown for a boost of caffeine, juiced smoothie or morning workout in our fitness space. Come to Fi-Di to find private offices, sound proof telephone booths and large desktop space for those who work independently or collaborate with team members.

    ____________________________________________
    Partner Proud

    Two of a KIND: snacking and coworking go together

    KIND partners up with our New York City locations to provide members with their new flavored bars. KIND has chosen our spaces to serve as the place to host internal team meetings. Additionally, Bar Works is being showcased as a KIND community through promotional marketing via their social channels: Instagram, Facebook, Snapchat, Twitter and their newsletter emails.

    #DoItRight with Warsteiner
    Bar Works forges strong partnerships at the very center of the cultural and business world. OUr partnership with Warsteiner allows members to enjoy daily happy hours for team building efforts as well as an entertainment element for clients.

    ____________________________________________
    Challenge Your Potential: BTB

    Beyond the Bar, a cutting edge multi platform studio that will transform your body, mind and spirit is coming to Bar Works’ 95 Chambers Street location! Bringing a new concept in fitness, Beyond the Bar delivers motivation at your fingertips. Enjoy access to our studio classes in Tribeca and LIVE streaming and on demand coming this Summer. Know your Strength, Not Your Limits. http://www.beyondthebar.global

    ____________________________________________
    Pin Drop: #TheCityofAngels

    Mark your calendars for June 8th as Bar Work cuts the ribbon in Los Angeles. Celebrate in the Grand Opening Event of our newest space in West Hollywood. Spanning 11,000 square feet, this venue offers a variety of office spaces, a recording studio and the outdoor workspace that serves up ‘gram-able’ pics of the Hollywood sign. Stop by Sunset Blvd and snag your seat while it’s hot!

    ____________________________________________
    Bar Works ‘In The Spotlight’

    Shout out to Liquid Space for highlighting our Miami space on their blog. Read the inside scoop and interview piece from our Director of Sales, Brad Fiorillo here.

    Two members working from our Miami location.

    ____________________________________________
    Influencer Program
    #AmplifyInfluence at Bar Works. Our program offers a conducive workspace in exchange for social content. Introducing our newest influencers to the roster in Miami and San Francisco.

    Miki Nitin is strutting the streets of San Fran showing all the trends in style and lifestyle. Keep up on her blog http://www.blogtrendz.com or find her #inthebay

    Ashley and Emily aka Two Peas in a Prada are two best friends reporting on all that is fashionable, fabulous and fun in San Fran. Read up here: twopeasinaprada.com

    Lynnette Joselly is lighting up our MIA space. Check out her blog http://www.lynnettejoselly.com for all the latest and greatest fashion trends, personal #ootd ideas, events, celeb interviews, beauty tips & more!

    We’re Insta-Famous! Check us out: #barworks

    ____________________________________________
    #NationalCubicleDay
    On April 28th, Bar Works participated in National Cubicle Day. We celebrated all week by teaming up with the best brands who know office essentials: Papyrus, Ankit, Lifetherapy, Costa Farms and Lica Cole. Our influencers received care packages filled with goodies from our brand partners. Encouraged to ‘think outside the cube’, influencers posted within our Bar Works locations showcasing their personalities and creative desk space.

    See all our ‘do it for the gram’ coverage below:

    ____________________________________________
    Marie Claire Official
    Coming at you LIVE with Marie Claire’s ‘Fix’ with Brittney Hope and Design Expert, Kristy Wooden Harvey. Shot in our West Village location, they discussed quick fixes for small work spaces. as a part of our #NationalCubicleDay campaign.

    ____________________________________________
    Did you know our locations make the perfect space for your upcoming event?
    Photo shoots, film segments, office powwows, zen corner or event venue…we are here to assist with all the essentials and your planning needs.
    Inquiries? Email us here.

    ____________________________________________
    In Need Of A Right Hand?

    As a member of Bar Works, have you heard of our Executive Assistance Services? Our office support includes, but is not limited to, phone support, invoice preparation, travel booking, calendar management and organizational assistance. Furthermore, we offer individual office phone lines and can provide a customized script to field those inquiries. Drop us a line below for a price quote.
    Get Support

    ____________________________________________
    Mix It Up…Head to Midtown

    Members swing by to see our 39th Street revamp featuring our partnership with Sugar Hill Coffee. Open to the public or snag a day pass for a friend! Take time to enjoy all the benefits of being a member. Use this complimentary voucher and start your mornings right.

    ____________________________________________
    Current Locations

    Midtown Manhattan
    47 W 39th Street
    Off Fifth Avenue,
    New York

    West Village
    47 7th Avenue South,
    Near Bleeker Street
    New York

    San Francisco
    615 Sacramento Street,
    btw Kearny & Montgomery
    San Francisco

    Miami
    31 NW 23rd Street,
    Wynwood

    Opening Soon

    Los Angeles
    6526 Sunset Boulevard,
    Los Angeles

    Istanbul
    Turkey

    Chambers Street
    95 Chambers Street,
    New York

    Chelsea
    116 8th Avenue,
    New York

    In the Works

    White Street
    70 White Street,
    New York

    Williamsburg
    242 Metropolitan Avenue,
    Brooklyn, New York

  230. Dear Gogsuk, I have written to you, Many times but have not recd an email from you where I can forward all my information to you. Pls confirm you have me on the list so that I don’t keep writing to you. My investment is 125k with 2 contracts one Jonathan black signature and one with Kinnard. If you send me your email will forward you both my contracts. Thanks again. mehta.jehangir@yahoo.com

  231. The new post from Chris Lang http://www.redd-monitor.org/2017/05/12/renwick-haddow-is-chief-executive-officer-of-bar-works-inc-thats-bad-news-for-investors/ only goes to show that Franklin Kinard is a liar and a fraud. Everything that comes from him and Bar Works cannot be trusted. Here’s a reminder of what Kinard had to say in response to allegations in TRD that Renwick Haddow was behind Bar Works:

    “The story [in TRD] wrongly implied that Bar Works is effected by a totally unrelated civil matter in the United Kingdom, involving an independent Bar Works consultant. Further, the article inaccurately describes that consultant’s civil dispute.
    The consultant is Mr. Renwick Haddow, who has helped Bar Works in areas that greatly strengthened our operations and benefitted our investors.”

    So Haddow wasn’t a consultant after all. He was Chief Executive Officer. This was at the time that the fictitious Jonathan Black was supposed to be CEO. No wonder Kinard has avoided answering those questions about Black and Haddow.

    Alongside Renwick Haddow was the co-founder Zoe Miller who it transpires is actually Zoia Haddow. So it was as we thought all along – Mr & Mrs Haddow running Bar Works Inc under false names.

  232. @marksie, your insights are compelling and highly knowledgable. But I for one would like to know what your true interest is in this case. you are addressing a bunch of people who have been badly duped by very reasonable sounding conmen, and who are determined to ‘not get fooled again’. Cut us some slack here, pull back the kimono, and let us understand more about you.

  233. I am an investor from Abu Dhabi – UAE, Real Estate Consultant are the real crooks in this entire process (My consultant is Square Yards) who take a heavy portion in commission and let thier client to die…How can we expect them they will file a case against Developer and will be loyal to their client…

    The agents who miss leaded once, please dont trust them any more, make a group to teach them a lesson because :-

    “A real estate consultant plays an important role, On the one side consultants do proper analysis, & fusibility of the product to make sure the product is sound proof before they promote it behalf of developer, to avoid promoting any kind of fraud & ponzi leads (In ponzi leads developer pays a heavy % to consultants) and the other side they educate & convince the buyer that the product they are selling is a sound proof product, which gives buyer confidence to put their money in it”

    I am from UAE, and not the one…there are many in the chain…

    I have all the proofs i.e. agreements, email. comm. , call logs can be pulled on request…

    Just need a right guidance to move forward so that we can get our blood money back…

  234. @ Stanuk – it’s difficult really because we aren’t trying to tell the investors they’ve made a mistake and were fools etc because as I said months ago it’s a slick operation and easily believed. What some of us are trying to do is show the investors how he works and for you to understand what his capacity is.
    Like others I will not disclose my identity or sources due to some of the remarks @Marksie makes. I can however tell you via verbal, but without actual proof, that RH is JB. Quite how you prove that to then get contracts made null and void I don’t know. Then there is the way you actually get your money or some of it back.
    These guys as I said before are ‘brilliant’ at what they do. Would be master chess players although they would run off with all the pieces after the game, and you have to unfortunately accept that you’ve been ‘done’ or the phrase these people use is not scammed but ‘spanked’, and take in all the supporting information, act like a sniper, go unseen but be ready to fire when needed.
    Honestly, there are few people who understand the process and what goes on behind the scenes of these companies but if you come across them or they try to offer help and advice, listen to them and help them to help you.
    I said right from the start, FCA, SEC, Serious Fraud/Crime etc. You have to take this to a higher level than just a lawyer.

    These people are evil with no morals and the only thing that drives them is greed and the thrill of taking your money for them to live their lifestyles which are extravagant.

    Word from Spain is the ourspace office has gone. Sorry to bring it up again but connect the dots. RH and JM, both crooks, in partnership with BW, they split, ourspace sets up as a complete copy of BW, JM arrested, agents drop BW and Ourspace thinking they will be safe……..only a matter of time people. Don’t get caught with your trousers down, bent over and ready for your second spanking!

  235. Jordan Belfort took circa $200m and was sent to prison and they made two films based on him.
    RH has done far more. That’s the size and level of this individual.

  236. @stanuk,

    You have no idea of the people Haddow is involved with, the amount of money involved and the lengths they will go to to protect themselves. We are talking hundreds of millions of dollars. I have been advised today that there are more than 2,000 investors in Bar Works. If every person paid $25,000 that means that Bar Works has taken in at least $50 million.

    Russian mafia involvement was suspected in Haddow’s African ventures. A director of one of Haddow’s companies was dead 6 weeks after the FCA began an investigation into the company – the official report says that he committed suicide by throwing himself under a train. Another key front man in a Haddow company was sentenced to more than 20 years in prison for arranging the murder of a man. Death threats have been made against the families of people who stood up to Haddow and his accomplices. This is the reality of Haddow’s connections and relationships.

    There are a few of us who are active on-the-ground in the US following leads which have not even been mentioned on here. It is a sensible precaution not to give too much away because someone always blabs – “I just thought it was a good idea to tell my agent about you guys because he’s really upset by this and he just wants to help”. We have our reasons for wanting to get to the bottom of Bar Works and they are not going to be made public. We started this investigation rolling in December with the very first post which suggested a link between Haddow and Bar Works. TRD followed our December post with their own article in January and then Redd-Monitor started this blog.

    @stanuk and others, do you think we will ask you for money ? Relax, we don’t want your money. We’re trying to stop you losing all of your investment to these conmen and conwoman. If you don’t want our help then that’s fine by me. We don’t want your money and we don’t need hundreds of investors working with us. We just need a few from different parts of the world who can show us the investor side of things. We have a pretty good idea of what is going on already so thanks to those people who have already made contact on the email below.

    @Greg, please make contact on this email barworksfight@gmx.com. We don’t need to know who you are and you don’t need to know who we are, but you know things that others don’t. It is clear to us that your information could be very useful.

    I know one thing about Haddow. He doesn’t stand still. The moment he thinks he is in danger he will be off. Why do you think there is a Bar Works Services Inc registered in the Bahamas ? I have no doubt that is owned by Haddow and provides “services” to Bar Works Inc for which it charges a very large fee paid into an offshore account. Haddow will be gone with the money.

    The good news is that there is probably a little Rennie or Renatta on the scene now. That’ll slow him down a bit.

  237. Agreed with @Stanuk

    Though there are more suspicious evidence against BW, we need to make sure this entire blog could be a group of proxy people acting against BW.

    I have already shared my identity & some of email communication, everyone added to this group must prove their identity first, we might need an IT expert who can advise us how to move forward.

    Who is Chrish Lang ? What is his identity ? Fake LinkedIn account can be created and snap of the same can be taken, which might be case above for Jonathan black, its a lil thing in modern world…

    It could be another trap of getting money for legal action n all that, we have already burnt our money once…

    Let me introduce my self, I am from UAE, invested in two contracts $150K, this is my saving of last 4 years, my blood money…

    All agents and consultants made lot of money out of BW to feed layers, but we people dont have anymore to fight a long way, we must need act. together in their own region…

    I urge all the GCC & UAE investor to please join me and email me on kamal.kamy.singh4@gmail.com or kamalsingh241083@yahoo.com, and we together file a case against all the active agents in this region…they need to be stopped first or else they will keep making fool others…

    We need to act before this ship get sink…

    Agents must get held at first instance as :-
    ————————————————-

    “A real estate consultant plays an important role, On the one side consultants do proper analysis, & fusibility of the product to make sure the product is sound proof before they promote it behalf of developer, to avoid promoting any kind of fraud & ponzi leads (In ponzi leads developer pays a heavy % to consultants) and the other side they educate & convince the buyer that the product they are selling is a sound proof product, which gives buyer confidence to put their money in it”

    If we dont get from BW, Agents have to refund us…

    Investors has nothing to do with construction delay or wire transfer charges, when we start a startup we must think about it and not later…So this is also suspicious…

    I wish Bar Works clean all these charges on them and present them self a competitor of We-Works…

    But in any case, we all must act now, as the contracts are breached now, by not sharing rent on time…

  238. @ Kams – I think with all due respect you need to read this entire thread.
    I will let Chris explain who he is!
    Investors will not get a penny back from their agents. The money doesn’t go to the agent. Yes they make a good commission but they will simply say ‘I just acted as a marketing company, your contract is with BW’.

    The only way you have a chance is to listen to a few people on here who are offering advice as to what’s has happened, who is behind it all and how you need to act in order to ‘maybe’ get some money back and put the personnel responsible behind bars.

    Get some representation in UAE if you can but I guarantee unless they are experts in US contract and investment advice law, it will go nowhere.

    You cannot simply ask agents or BW for money back, they will laugh in your face.

    As I said before, as a non investor, if anyone wishes me to leave, please simply say and I will but I would have thought that having people on here who could help you with information and the process etc might help!

  239. In addition to any legal discussions taking place, here is the FCA’s definition of investment fraud. As they already have RH on their screen, they need to know of his involvement here. We can all report fraud to the FCA to get this on their books.

    Our situation will sound all to familiar to the FCA based on the information below:

    Investment fraud

    What it is
    When you get a cold call from a broker pretending to offer you the opportunity to invest in a variety of schemes or products that are either worthless or don’t even exist.
    It’s also known as share sale fraud, hedge fund fraud, land banking fraud or bond fraud.
    The majority of investment frauds are run out of offices known as boiler rooms.
    Protect yourself
    Never take up offers of investments on the spot from cold calls. To make safe investments, take a look at the Financial Conduct Authority’s ScamSmart warning list.
    Don’t give your bank account details or sensitive information.
    Boiler rooms tend to target people over 65. Talk to elder family members and vulnerable people you care for to make sure they know how to spot bogus investments.
    Take a look at our ‘Beat The Boiler Rooms’ campaign to find out more.
    Spot the signs
    You’re contacted out of the blue with the investment offer.
    You’re shown glossy brochures, professional-looking websites and certificates that make them look authentic.
    You’re pressured into making rushed decisions with no time to consider the nature of the investment.
    How it happens
    You’re called by a professional-sounding broker who offers you investment opportunities that offer incredible potential for making profit. They usually offer to sell you shares or bonds, but may also offer other investments such as precious metals such as gold, silver or diamond, or wine, art or energy.
    If you’re ever called offering to invest in any of these, tell us. There’s a good chance they’re worthless.#BeatTheBoilerRooms pic.twitter.com/wSsF2LWlpi
    — Action Fraud (@actionfrauduk) October 12, 2016
    You’re also promised free research reports, special discounts and ‘secret’ stock tips. They’ll tell you how your investment has progressed and give you the chance to invest in more of the same products or stock in using a variety of schemes to make the venture sound credible.
    They usually hire out prestigious city offices, offering websites and literatures and send you official-looking documents to make their enterprise look legitimate.
    In reality, the fraudsters are cold calling as many people as possible to pay for bogus investments. Once the fraudsters have made you invest as much money as possible, they quickly disappear just before you’d expect to get the extra money you made from your investment.
    The resources they offer don’t exist, or they haven’t told you that your investment is worthless. For example, they’ll sell land that has no potential for development, or rare stones that aren’t worth as much as they sound.
    You may be told to keep your investment secret to ensure you receive maximum returns, but really the boiler rooms want to prevent you from telling others to avoid being spotted.
    It could be your dad, grandfather, uncle or brother. Let’s help older and vulnerable people #BeatTheBoilerRooms: https://t.co/usEGNLF5xA pic.twitter.com/f3oBPfPKbk
    — Action Fraud (@actionfrauduk) October 10, 2016
    How to report it
    Boiler rooms have been known to harass victims who have reported them, so don’t feel like you’re at fault. Report it to us online or call 0300 123 2040.
    Tell your bank immediately if you’ve given the fraudsters your bank account details and keep any written contact from the boiler rooms.

  240. @Scotty

    So what is the way forward ?
    I have shared email to internally everyone, no convincing revert so far.
    Delay in rents followed by excuses is enough to smell something wrong is cooking inside.
    Agents are equally responsible, they should know what they are selling, they got high commission in this case which could be a smelling point for them, usually commission is less than 10%, but in this case it was high, with lots of other commitments. But on top of it, they way agents presented this entire investment is fraud with investor…

    Anyways, I am going to take action alone locally, everyone should be behind the bar who promoted this…

    If we together can go , success chances will be more…

    What is the way forward…

  241. @Kams,
    Really ? You think Chris Lang is working for Bar Works ? Boy, some of you guys take the biscuit and it’s starting to piss me off. I know you are worried about your investment but far too many people are biting the hand that feeds them and I’ve had enough of it. I’m off.

  242. Marksie just ignore KAM. He’s just very upset with the situation and does not know where to lash out…. I have sent you all the info that I have did you get it by email today? Thanks jeh

  243. @ Kams – I think you are fairly new to this particular forum so all I would say is read through the thread. Contact the appropriate people who are taking action in the US and try not to offend those trying to help you.
    You can talk all day about how responsible the agents or brokers or consultants should have been but it doesn’t mean jack and in some cases they probably didn’t even know who was the mastermind behind it all.

    Re. Marksie – look at the quality and quantity of the information and knowledge and take it as ‘free’ advice/help!

  244. Guys

    Frankly speaking i am not finding a way forward out of this discussion.

    At least i am not using disrespectful words for others in chain, what you @Mark@Scotty have done below so far…

    I was expecting your support, I did nothing except asking few questions over identity…and you guys are all aggressively defending it like anything…

    @gogsuk
    What is your email ID so that i can send you snaps of my documents.

    @Ashok@Jehangir : I will be in touch with you over email…

    Team, What is the way forward ? Who is going to lead the here ?

    Thanks for the needful…

    Regards
    Kams

  245. Apologies I didn’t realise I had been disrespectful or used words of aggression in my posts, just suggestions for free

    I think you’ll find that gogsuk is leading the action group.

    Good luck all, I think I’m done too. Can’t add much more than all the hints I’ve dropped so far so hopefully will read about the case one day in the newspaper or watch a film!

  246. Please stop talking about things that are not true on this forum. Contact Nancy in our office, she can update you all. Otherwise, email me direct – franklin@barworks.nyc

    Business is going very well, we are opening new locations soon. Rent will be paid soon. Keep calm.

    If you have any questions about Renwick Haddow and his wife Zoya Kiselova, please feel free to email me and I will answer any questions you may have.

    Frank

  247. @gogsuk – I think an apology would make more sense than this. You pretended to be Franklin Kinard. That just confuses anyone who isn’t in on the “joke”, including me. I agree that worried investors should contact Franklin Kinnard.

    I think they should also contact the SEC and the Department of Justice. If they were persuaded to invest in Bar Works by a firm in the UK, they should also contact Action Fraud, the FCA, the Serious Fraud Office, and the City of London Police.

  248. Very sensible advice Chris. Thanks for letting everyone know to make contact via the correct channels.

  249. Hi guys,
    i am an Italian investor on BarWorks, fortunately i have only invest 25.000$ as it seemed kind of strange to have such a profit, but still i wanted to try since i saw the investment on a trusted agency (i thought).
    So i subscribed on this at the end of January 2017 , i received the first payment on february and after that nothing. I tried to ask why to the italian agency that advertised the investment and they said they are haveing problems with bank etc, like the barWorks email said as well. they keep telling me to wait and that other investors don’t have any problem with monthly payment.

    so i would also like to know if there is an investor here with the same problem, i think maybe @Stephanie?

    thank you guys (sorry for my english)

  250. Can anyone tell me what the hell the last couple of posts have been about??

  251. Add me to the list. I’m into it for $75K I have received $2000 in payments, but none for May. My original contact was Emily Saunders. I have also communicated with Peter Jones and Nancy Rodriguez. They have not responded to my recent inquiries.

    I have a question for all: Were you asked to sign an Accredited Investor form? I was AFTER they had my money. I did not qualify for this investment. I ask them to explain why they didn’t refund my money. No response.

    Has anyone tried to contact the Manhattan DA or NY State Attorney about this operation? Bar Works is a registered NY Corp and must fall under some state local laws.

    Please add me to any investor group you have going. I can be reach at tallman444@hotmail.com

    Rich

  252. Team;

    I am ready to file a case through UAE government against local agents & Bar Works.

    UAE government is very supportive and provide free layers for such scams. I would appreciate if a crossed agreement copy can be shared on kamalsingh241083@yahoo.com, so that i can attach the same along with my applicable. the more agreements i will have , stronger will be the case.

    No money, No Paid Layer, this is just an initiative so that others can be protected.

    Thanks Chris, I need to your contact detail if you can email me, so that investigation team can contact you, i hope you wont mind it…

    I am losing hope every passing day that i can get something out of it, But if i could do something to protect others, thats enough for me…

    Kams…

  253. Chris

    Issue have been reported to SAI – UAE, I am expecting an interview soon. UAE government is very helpful and aggressive on such incidents reviewing the past incidents on web., i am expecting a rapid action from them on it…

    Delay in rents, breach of agreement, no response on email, and disclosure & URL link of your thread is highlighted and shall be discussed during the discussion…

    Team;

    Awaiting your cross agreements…

    Regards
    Kams

  254. @ Kama – Don’t forget the fact that contracts etc have been signed fraudulently by Black who doesn’t exist but Haddow most definitely does.

    Good luck

  255. I now have the proof I needed that Renwick Haddow is Jonathan Black. It has taken a while but it will stand up in court.

    I almost have the full picture but would like to fill in any gaps before the next step. If there are any investors in the following sites please contact the group at barworksfight@gmx.com. I would like to see these brochures. Some may not have had a brochure produced yet, but if they have I need to see it.

    Only new investors who have invested at one of these sites needs to respond. We are keeping the group tight knit at this stage. ‘Loose lips sink ships’ philosophy.

    47W 39th St – described by Bar Works as ‘Midtown Manhattan’. This site was allegedly the first site that opened in Oct 2015.

    41W 46th St – described by Bar Works as ‘Times Square’. It was allegedly the second site that opened in March 2016. We know it was operational because someone I know went there last year, but it has been removed from the Bar Works website and a ‘walk-by’ this week reported that the site has closed down.

    95 Chambers Street, New York

    Lower Soho – New York

    Los Angeles – 6526 Sunset Boulevard

    Las Vegas – 1205 South Main Street

    Thanks

    P.S. Remember – your agent is NOT on your side unless they have refunded you their commission on the sale. Their interests are aligned with Bar Works, not with you. They have both had your money and really don’t want to give it back.

  256. @ Marksie – GREAT WORK
    The Jigsaw Champion!
    Awesome news

  257. Today I submitted to the New York County District Attorney’s Financial Fraud Bureau a request to investigate Bar Works NYC. I laid out the facts as I know them, but also told them of this blog site which contains more information. I didn’t give them the name of this site but said I would should they request. I don’t know the NY DA will do anything, but it’s worth a shot. I’ll be sending the same request to the DA offices in Miami, SF and LV. Maybe we can get some law enforcement organization involved. Won’t help international investors much

  258. SEC in the USA
    FCA in the UK
    National Crime Agency in UK
    Serious Fraud in the UK

    Any organization or department in any jurisdiction that deals in ORGANIZED CRIME or investment/securities fraud.

    You HAVE to go big on this or they will swat you like a fly.

  259. Thanks everyone. The only brochures missing now are:
    Lower Soho – New York
    Los Angeles – 6526 Sunset Boulevard
    Las Vegas – 1205 South Main Street
    but I think these haven’t been produced yet anyway. I’ll get them when they come out.

    Anyone who has invested at 95 Chambers Street (the latest investment from Bar Works) please contact me urgently on barworksfight@gmx.com. I really don’t like the look of the paperwork. There’s a twist that isn’t in the other investments. I think you can act straightaway on this one and then we’ll update this blog with the action that was taken.

  260. Hi again guys,
    so, as far as i understand each investor has to take action in his own country? why if this is a US company? if in the US they convict BarWorks to pay back investor would it be only the US investors? sounds strange to me.
    still, if there are some italian investor here let me know.
    Thank you

    Francesco

  261. @Francesco, no you don’t have to take action in your own country. The contracts say that the legal jurisdiction is New York. That is where legal action should take place and it doesn’t matter what nationality you are. Everyone is treated the same.

    Good to hear from some ‘95 Chambers’ investors. An update on this soon.

    Grab a cup of coffee. This is going to be a long post.

    I’ve had some correspondence with people who are clearly very nice people but a little bit naïve. They think that Bar Works might just be having the usual teething problems that all new businesses face and that if the rental payments resume then everything in the garden is rosy and they don’t have to worry. OK, if that’s what they want to believe that’s up to them.

    Let’s go back to the Bar Works Istanbul site. That site, along with 95 Chambers, is the latest to be offered to investors. I covered some of this in an earlier post but a Turkish colleague has been doing a bit of digging.

    Let’s recap. The brochure contains the following statement “Bar Works™ Inc. is pleased to announce another freehold purchase….” OK, sounds straightforward enough. Bar Works Inc owns the freehold. But then it says “Freehold Company Name: Bar Works Consulting and Office Leasing Services Ltd” (“BWCOLS”). Well, even this is not a problem because it is often the case that one company is a 100% owned subsidiary of another company so it is fair to assume that Bar Works Inc owns 100% of the shares of BWCOLS. So technically it is OK to say that Bar Works Inc owns the freehold of the building. Hold that thought in your memory for later.

    The brochure says that BWCOLS lease the property out to Bar Works Istanbul LLC (“BWLLC”). BWLLC then sub-leases to the investor. The investor then sub-sub leases his/her workspace to Bar Works Management Inc in return for a rental payment (remember me querying why BWLLC was installed in this chain because if BWCOLS owns the freehold why don’t they just lease direct to investors)?

    Here’s where it gets nasty. Two very, very seriously dangerous points for investors.

    1. For the first time in any of the investments the brochure contains these words
    “How to Apply: You are required to complete the Application Form. In addition you will also be sent two agreements that will require signing once there are cleared funds”.
    ONCE THERE ARE CLEARED FUNDS ! Investors are expected to send their money to Turkiye Garanti Bankasi, a Turkish bank, BEFORE they are even allowed to view the contracts ! It’s madness. Please guys, don’t anyone say that they sent their money to Turkey without seeing the contracts.

    Now why change their model ? What’s the reason ? My guess (and it is a guess) is that THEY DON’T OWN THE FREEHOLD. My guess is that they have an option to buy the freehold within a fixed timeframe. This means that they need money as fast as possible. Maybe they even need the money really quickly so they can start resuming rental payments to existing investors and get everyone off their back ? Investors in Istanbul wouldn’t know that the company doesn’t own the freehold because they would be getting their rental payments (paid out of their own money) so they would think that BWCOLS does indeed own the freehold.

    Let’s go back to who would actually own the freehold if it turned out that BWCOLS does own the freehold. We expect Bar Works Inc to own the shares of BWCOLS. Well….. they don’t. BWCOLS is a Turkish registered company. The shares are owned as follows: 51% by Faruk Baysal (I’m letting the side down here because I don’t know this guy at the moment – but I will find out….) and 49% by Nathalie Kent (aaaahh, the reappearance of an old friend).
    So the records show that Bar Works Inc doesn’t own any shares. The records also show that only one signature is required to withdraw money and it can be either Faruk or Nathalie (what’s the betting that Nathalie is going to control the money and I have a feeling I know who is ultimately going to be receiving a lot of it). The information is on this link if you can navigate around it. It is in Turkish http://www.ito.org.tr/wps/portal/!ut/p/c5/hY7LCoMwFEQ_6V6sNrqMRY1gfMYasxHBIkp9LMRSv75ZdNOFdIZZHWYYUKA9t_vQt9uwzO0TJKhrg2lOLJ8ZmHBGMAwiH1FkGFCiea35iSj-aVcg0WyK0V75e5PRcdvFeGRGLLgRH6EOR76xtLvnpUtpL73qojvqZzXwHAdDtN3CTBwUhfXl559itkwPqEGR02_cAgE1g3Uq95W98AM7RkQE/

    Who is Nathalie Kent ? Well it’s going to get a bit complicated so stick with it. Nathalie Kent was a director of a UK company called ‘Alternative Pension Plan Trustees Ltd’ (“APPTL”) which has now closed down. APPTL used to take people’s pension money in the UK and “invest” it into Renwick Haddow’s illegal schemes in return for high commissions (the schemes that he has been prosecuted for and is now facing additional charges of providing false and misleading statements to investors). So Nathalie’s company targeted people in or approaching retirement – nice lady.

    Alongside her as a fellow director of APPTL was Mr Robert Ross White. Now, Robert Ross White has cropped up on Redd-Monitor before. He was a colleague of Haddows way back in the past when Haddow was found guilty of falsifying financial records and misleading investors. But he reappeared again years later when he was installed as a director of Agri Firma Capital Ltd (“AFCL”) alongside an existing director, a man called Richard Henstock. AFCL was one of the projects that Haddow’s company offered to investors. It was set up in a very similar fashion to Bar Works i.e instead of leasing a workspace from Bar Works and then renting it back to a Bar Works subsidiary, the investors leased a plot of land from AFCL and then leased it back to an AFCL subsidiary. Almost identical.

    It was suspected that Henstock was nothing more than a patsy front man and didn’t have a clue what was going on. AFCL was really controlled by Haddow. Henstock was the only director of AFCL and Haddow knew that Henstock wouldn’t be able to answer any of the difficult questions from the UK authorities so when they started looking closely at the company he installed Robert Ross White to frustrate the enquiries and bury the evidence. Perhaps a bit like the job Franklin Kinard might have been installed to do at Bar Works.

    Fast forward to today. AFCL is in liquidation and investors lost their money. Robert Ross White was accused by the Official Receiver of deliberately blocking every attempt to find out where the money went. As a result, in February this year, Robert Ross White was disqualified from being a company director for a period of 8 years. The Official Receiver stated that the company was controlled by a third director who was not shown on the public record and who was in fact acting illegally because he was already a disqualified director. The Official Receiver report states that they are taking action against this person. There is a post somewhere on Redd-Monitor in which someone asked the Official Receiver who that third party was, and was informed it was RENWICK HADDOW. You can read the summary of the disqualification here https://www.gov.uk/government/news/australian-wheat-investment-scam-directors-reap-lengthy-disqualifications

    You will see that Henstock was also disqualified as a director for his part in AFCL. He also happens to be one of the 15 defendants facing trial in the UK in July alongside his colleague Renwick Haddow.

    And here’s another worrying link. Robert Ross White was also a director of a company called Plantation Asset Management Ltd (“PAM”). PAM was one of Haddow’s projects involving palm oil plantations in Sierra Leone. Same model – leasing land to investors and then leasing it back in return for a rental payment. That company is now in liquidation leaving investors with nothing. When the fresh money stopped coming in the project collapsed. Who was the other director of that company ? None other than Robert Munden – one of the three alleged directors of Bar Works Inc. Everywhere you look with Bar Works there are people who have worked with Haddow before in collapsed firms where investors have lost all their money.

    If anyone still believes that Bar Works Inc is just a startup having teething problems they need their head examined. Rental payments might even restart but it will be a stalling tactic to buy time to cover their tracks, pack their bags and make a quick exit.

  262. It has come to my attention that investors are being sent ‘accredited investor’ forms to sign AFTER they have made their investment. You must not sign these forms.
    This shows quite clearly that Bar Works is very worried that they might have breached FCA and SEC rules about promoting these investments to ordinary members of the public.
    Investments such as this can only be promoted to ‘accredited investors’. If you have NOT signed one of these forms the FCA and SEC can go after the assets of agents, Bar Works and the Bar Works management team to get you a refund.
    If you do sign one of these forms you are effectively signing away that right.
    DO NOT SIGN THE FORMS.

  263. More genius stuff from Marksie, well done Sir.

    Correct me if I’m wrong @ Marksie, but if one uses Google and taps in ‘Nathalie Brown, investments’ on the first page you come across a link to Companies House:

    https://beta.companieshouse.gov.uk/officers/BMCZb9nOV9qtkYR-rI1n1EiC_rQ/appointments

    Would this be the same woman you mention? And the company name rings a bell, Room to Invest. Again correct me if wrong but was that not one of Mr. Haddow’s multiple scam set ups a while ago?
    And the registered address of said company if the above is correct leads you to this article:

    https://www.gov.uk/government/news/high-court-orders-six-more-bogus-multi-million-pound-companies-into-liquidation

    Now, it could all be coincidence and unrelated but ‘leopards and spots’ and ‘smoke and fire’ spring to mind.

    Again, all this does, is show the investors who the people involved on the inside of Barworks are. What the investors here have to do now is realise that it is no different a scheme to those previously run by these people. It’s a (forgive the pun) carbon ‘credit’ copy!

    It is a common tactic especially when organizing a Ponzi style scheme to ‘ask’ for a delay whilst raising other/new funds (from a new project maybe? In Istanbul maybe?) to then cover up and make the investors believe all is ok.

    Did I also read that you get your 1st return a couple of weeks after investing? If that is true…….SERIOUSLY!!!!!

    Think about it guys, PULEEEEEZE….. IF this was so bomb proof and IF they were so busy, the money would be flowing through in rentals etc and you’d all be happy. The fact that A). Their figures are IMPOSSIBLE and B). you have all raised concerns means you are worried. Don’t now start to think that if your payments restart all is good again. THIS & NOW is your chance to stop this nonsense. Miss this and you might never get another chance.

    CARPE DIEM!

  264. Today, I filed a complaint with the SEC. It is an online form you can file online, mail or fax. Since I do not qualify as an “Accredited Investor” and didn’t sign the form, I only addressed that asking for a refund.

    I didn’t get into the non-payment of our rents and the obvious Ponzi scheme background of Bar Works founders. If the SEC contacts me, I will give them the full story.

    My complaint will be sent to Franklin Kinard with a demand for a response within 30 days. He’ll probably be on some beach in Jamaica by then.

  265. I received an acknowledgement of my filed SEC complaint. It said an agent would be contacting me. If there are other investors who do not qualify as an “Accredited Investor” then I suggest you file a complaint on the SEC website.

    BTW, to be an Accredited Investor you must have a $1M net worth or a $200K annual income. If not, then you are not an Accredited Investor.

  266. @Scotty, you are dead right. The link you gave was for a lady called ‘Nathalie Kent-Browne’. Very close to Nathalie Kent so we can assume it is the same person. NK-Bv is a director of Room To Invest Marrakech Ltd.
    Room To Invest Ltd was one of Haddow’s projects in the old days. It was found to be an illegal scheme so, to avoid prosecution, he gave the investors the option to transfer into a new, wonderful, bullet-proof scheme with guaranteed buy-backs and excellent annual returns. That was the African Land rice farm in Sierra Leone which, several years later, turned out to be an illegal scheme and which is now non-operational and all investors have lost their money. The sum invested in that scheme was around £10 million.

    The directors of that firm are in the dock alongside Haddow in the High Court in July.

  267. Can you post here the SEC website? Can i do it as an italian?

  268. Can you pls share the link please? Also can you let me know if I invested through a broker in U.K. Can I also write to the SEC?

    Thanks
    Jeh

  269. @Rich If we file complaint to SEC, do you think SEC will get our money back from Bar Works? I think SEC goal is to catch RH, seize assets or put him into jail. But your goal is to get your money back.

    Correct me if I’m wrong.

  270. Please can the following investors make contact on barworksfight@gmx.com.

    1. If you are a UK citizen who invested in any Bar Works project; or
    2. If you are any nationality and your sales agent was a UK company; or
    3. If you are any nationality and you purchased a PodWorks investment through Pod Works Workspaces Ltd;

    Please put the title of the email as follows: [The number above which applies to you] e.g 1,2, or 3. If more than one number applies please include that e.g 12 or 23, followed by your name. So the title should look something like ‘13 Phil Brown’.

    In the email message itself I need the following information:

    1. Your name.
    2. Your email address.
    3. Your nationality.
    4. The country in which you live.

    5. A breakdown of the investment i.e the amount(s) you invested, when you invested each time, and the site(s) you invested in.

    6. The name of the agent (if you are categories 1 or 2 above).
    7. The names of all the people you spoke to or had email communications with (whether in the sales agent company, or at Bar Works, or at Central FX) and the contact details for each of these people (if you know the websites, email addresses and telephone numbers).

    Please get all of this information together for the one email. I don’t want to receive it in dribs and drabs. Please finish the email with the following phrase

    “I consent to these details being released to the police, financial regulators and any group prosecution lawyers that may wish to contact me about the Bar Works investment.
    I [ DO / DO NOT ] consent to my name and email address being supplied to other investors who invested in the same product.
    I DO NOT consent to it being released to any other party without my written permission”.

    If you have any other information that you believe could be important please send in a separate email titled: [Your Name] – “Important Information”.

    Apologies to those people who do not fit into those categories above, but I’m confident your time will come. Be patient. One step at a time.

    I will confirm receipt of your email but cannot enter into email chats. I had around 130 emails on the barworksfight@gmx.com email address in one 24 hour period so you can understand why there can be no response to general enquiries. The numbers are just too great. I will post on redd-monitor when there is public news and will write to individuals separately when there is private news that could affect them personally and should not be made public.

    You are being asked to send this information on trust because I cannot comment at this time. The worst that could happen is that I sell your email addresses to a marketing firm and you get a lot of emails offering you the next great investment. But you’re going to get those anyway. When the Bar Works salesmen think you’re not going to increase your investment they’ll sell your details to another firm and make a little bit of money. That’s how these guys work.

  271. Please can anyone who invested through Duxton Partners operating out of Singapore make contact on barworksfight@gmx.com. I will put you in contact with others who have invested through this company.

  272. To Stephanie, Francesco, Jeh…et al The SEC website is https://www.sec.gov/oiea/Complaint.html

    Stephanie-my goal is to recoup my investment. I think that is the main goal of the SEC, but if they can fine or jail someone, I’m sure the will.

    Francesco – I’m not an attorney, so I can’t answer your question. One would think if your contract is with Bar Works NYC and the jurisdiction is the State of New York, then the US SEC would accept your complaint as they would a US resident. Look at your Bar Works contract and see where the jurisdiction is falls.

    Let me be clear, I am pursuing the fact that Bar Works failed to obtain a signed “Accredited Investor” form. They only asked for one after the contract was signed and had my money. I contend that should have been presented prior to the contract and a determination made if I was qualified to invest. The qualifications for individuals is $1M net worth or $200K annual income, If you do not meet either one of those requirements, than you’re not an Accredited Investor.

    In my complaint I did not say anything about non-payment and the possible Ponzi scheme they are running. Since they will be sending a copy of my complaint to Franklin Kinard, I didn’t want to overplay my hand and spook Bar Works personnel to skip out if they think criminal actions are possible. I would suggest you keep your complaint simple and play up their failure to properly qualify you as an investor before taking your money. That only works if you are not qualified and haven’t signed the form. Have any of you signed the form or was it sent to you?

  273. This is a general question for all on the blog. Who are US residents? Who was your agent that handled your investment? Do you have their phone numbers and email addresses? Have you tried to reach them? If so, are they responding? Are you in or do you know anyone in the NYC area. I would like to have someone walk into the BW offices and see if there is any activity or if it locked up. Do we have any investors in Miami or San Francisco areas? Same thing here…go take a look.

    Are there other blog sites of US Bar Works investors?

  274. @ Marksie – re. 2). Does it matter if the agent is registered as a uk company but operating from overseas? I.e. Does that affect anything or not?
    Pretty sure a lot of agents might have a uk ‘address’ but are actually working from outside the uk.

  275. @Rich, I have someone who is doing a great job of visiting the sites in NYC. Another person will be doing the same very soon. The sites that have been visited were very quiet. We will keep going around them all until we find someone we recognise.
    We tried to leave a document at one of them for Frank Kinard but the lady behind the bar refused to take it and said that if we tried to leave it behind she would call the police because we would be “littering”. Her name was Angel and she was rather aggressive. She got a little bit more aggressive when her photo was taken for our records. Again, she threatened to call the police because she had not given permission. She was told “Go ahead – I’d like the police to be here”. She didn’t call the police. Angel, you should smile more. You have quite a scowl on your face…
    Angel is clearly up to speed with the controversy surrounding Bar Works. At another site the staff were very friendly and gave the impression that they aren’t aware of the controversy.

    We visited the West Village site where @Greg says the management team are based. We got into the basement offices but nobody was there.

    @Scotty, it doesn’t matter where the agents base themselves. If it is a company registered in the UK then that is what is important.

  276. This post is not meant to offend anyone but merely act as an education so that you are aware and prepared the next time you enquire to invest. The following has been compiled after piecing together various bits of information.

    The ‘Hook’
    It’s all happened to us, you wake up to a bunch of emails thinking who’s this lot from? You sift through them and your eye catches the graphics on one in particular and the title header something along the lines of ‘Earn 15% in just 12 months from investing just $25.000’. You’re intrigued, your bank gives your cash nowhere near that, the property you bought to let out is empty or only yielding about 4%, the place you reserved overseas is still only part built and years behind schedule……so you open it, you get some brief details along the lines of ‘bomb proof, huge demand, low supply, industry leading experts……to find out more, enter your contact details and receive your free brochure’………

    The ‘Catch’
    As soon as you enter your details and click ‘send’, you are classed as a ‘lead’. If you leave a message ‘please send urgently’, you are classed as a HOT ‘lead’. Your details were filled in on a ‘landing page’ which are then sent to the lead generation company who sent you the email. They then send to the agent promoting the project, who then contact you either by calling first or emailing first.

    Hole in my net
    The thing is this, several years ago, ‘people’ used to cold call from the yellow pages, literally, then they moved on to buying lists of data, then they were trading these ‘lists’ between themselves and now due to cold calling restrictions and ‘no cold call’ lists, they have loopholed it to send an email, text, whatsapp. As soon as you click, you have ‘opted in’ to receive information (and a call if you leave your number) and they have swerved the cold call approach.

    Fishing rod v Trawling
    And don’t think for one minute that your details will only be sent to the agent who’s marketing the project that caught your eye. In reality, these lead generation guys collect data ongoing and are so good at what they do, they know how many ‘clicks’ they will get and charge upfront for say 300 leads rather than invoicing per lead. Some even work on a commission from sales basis.

    Big Brother
    A lot of the agents have sophisticated crm systems and databases and can tell not only when you’ve opened their emails, but how many times, if you’ve forwarded it on, the amount of times, if any attachments have been opened etc etc. So the next time you get their email after registering your details and you get that ‘courtesy call’ to ask ‘if’ you’ve received it and you say no because you don’t want the sales call, just remember they are starting to gauge you from that minute.

    From fluffing to closing
    First call is normally the fluff call made by the ‘Opener’, they make you feel good that you’ve enquired and you get to ‘like’ the person on the end of the phone, second call is more of a closing you down call and to overcome any objections/answer questions (might be same person or a dedicated ‘Closer’) and thereafter it will get more and more aggressive. And after you’ve invested guess what, a lot of these companies have another person whose sole aim is to get you to invest more (the ‘Loader’). And if it all goes pear shaped or sorry when it does, miraculously a company might open which specializes in getting you out of the pear shaped project and switching you into a far better one, at a cost…. your savior, your real friend or ‘The Mopper’.

    Now I’m not saying every single agent acts like this but the majority do. Some will even distribute the ‘leads’ i.e. YOUR DETAILS to who they think will build rapport and close you quicker.

    This is sales but not as you think you know it. Some of these people work under huge pressure from line managers, are threatened with the sack daily if they don’t make ‘x’ amount of calls/write business and many are on commission only. Is $10,000-$20,000 a month earnings enough to put up with all that? I’m not saying they are all innocent or to have pity because a normal human being should know right from wrong and I only tell you this so you can try to begin to imagine the kind of person on the other end of the phone you are dealing with. Your money is the only thing driving them.

    Many of them will never have heard of Haddow let alone know of his past. Many of the owners of these companies won’t even have heard of him either but I guarantee one thing, all of them will be familiar with the name, Jonathan Black.