London High Court orders Capital Alternatives to repay £16.9 million. New York Southern District Court orders Bar Works and Bitcoin Store to pay US$83.35 million

Capital Alternatives Limited was part of a network of scam companies that offered “investments” to the general public including a rice farm in Sierra Leone, and carbon credits from projects in Sierra Leone, Brazil, and Australia. Last week, the High Court in London found that these “investments” were illegal collective investment schemes.

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Franklin Kinard leaves Bar Works: “I have completed my reorganization, and I am leaving the company”

Franklin Kinard sent out another email update yesterday. It’s posted in full below. Kinard is leaving Bar Works. In January 2017, when Konrad Putzer wrote about Bar Works on the New York property website The Real Deal, Jonathan Black was listed as CEO and co-founder. Within weeks, Black’s name was replaced by Kinard’s on Bar Works’ company documents.

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“Bar Works has been facing difficulties with its banking facilities”, Managing Director Franklin Kinard tells investors

Bar Works is a company that buys retail spaces, converts them and rents them out as co-working offices. Renwick Haddow, the man behind the Capital Alternatives network of scam companies is a “key figure” behind Bar Works, according to an article on The Real Deal website. Bar Works, meanwhile, claims that Haddow is just a consultant to the company.

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