Tuesday, March 17, 2009

Inside Track “BTL King” gets hit hard

Slump-hit millionaire seeks to renegotiate divorce settlement

Jim Moore can't expect many hearts to bleed when he complains he is down to his last £3m. Mr Moore, called the "Buy-to-let King" when his property investment empire was worth £135m, is going back to court try to reopen the divorce case which left him strapped for cash. He made his fortune launching Inside Track, a company offering seminars on the property market. He also launched a sister company, Instant Access Properties, which helps investors enter the buy-to-let market. When the property market slumped both companies went bust. The divorce, which was finalized last year, left his ex-wife with £16m in property, a deferred sum of £4.7m, and ongoing maintenance payments. Mr Moore claims the credit crunch has reduced his net worth to just £3m

Posted by little professor @ 08:44 AM (954 views)
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7 thoughts on “Inside Track “BTL King” gets hit hard

  • He set up Inside Track? Shouldn’t he be going to court for a different purpose than a divorce settlement?

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  • little professor says:

    Not at all. He just did the usual bankruptcy shuffle – he let the companies go bust, then bought them back again for pennies, getting rid of all the debt. He has relaunched the company as “Instant Access Properties Global” and is still flogging the dream of fast money through property investment on his website.

    In this country, fraudsters don’t go to jail, they just pop up again and again and again

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  • Talk about getting out at the top of the market. She’s shrooder than her husband. Perhaps she was an HPC regular.

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  • that would be more shrewd

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  • mountain goat says:

    Of course he now wants to paint a picture that he is bankrupt, it suits his court battle. But how much does he have stashed in Switzerland?

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  • Poor soul, my heart bleeds for him!
    I hope they see right through him, to help him on his way we can all enquire about his new venture and he will waste an awful lot of money in his mail shots.

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  • Dodgy as any of those featured on “Rogue Traders” in my opinion.

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