Court Hits Social Housing Investment Boss With 14-Year Ban

Law360, London (May 9, 2019, 5:22 PM BST) -- A London court has slapped a 14-year ban on the boss of a company for allegedly misleading his clients when offering them investments in Brazilian social housing, the government’s bankruptcy agency said Thursday.

The High Court handed Anthony Armstrong-Emery a disqualification order on March 15 after he failed to appear in court, the Insolvency Service said. The order bans him from directly or indirectly becoming involved in the promotion, formation or management of a company for 14 years from April 6.

Armstrong-Emery allegedly encouraged investors to pay around £23,000 ($30,000) for social housing properties in Brazil through inaccurate marketing material that...