Houses: Luxury Houses and Investors

houses: He is alleged to have left his investors with a shortfall of up to 50m as a result of the misuse of investors' money that included the purchase of a private jet, three private yachts, at least four luxury motor vehicles a Rolls-Royce, a Bentley, a Ferrari and a Lamborghini and two luxury houses . The houses were bought for about 2.5m and 3.15m and are occupied by Mr Murray and his ex-wife respectively court filings alleged, according to The Guardian. The claims were made as the court heard a joint application to take Murray's Carlauren Group into administration by the insolvency firms Quantuma and Duff & Phelps. Sean Murray, the 53-year-old founder of the Carlauren Group, raised more than 75m from private investors who were offered the chance to make 125% profit over 10 years by buying rooms in care homes and hotels. Sign up to the daily Business Today email or follow Guardian Business on Twitter at Business Desk Duff & Phelps is the administrator to much of the former Northern Powerhouse Developments empire once run by Woodhouse, whose business collapsed after publication in June of a Guardian/ITV News undercover investigation. In the fallout from his firm's collapse, a judge said Woodhouse's business model appeared to be thoroughly dishonest . Submissions to support the application to take Carlauren into administration stated Duff & Phelps' Philip Duffy has very considerable and relevant experience from his work on a recent and very similar complex unitised sales insolvency, the Northern Powerhouse Developments insolvency. Woodhouse also offered private investors a 125% profit for investing in care homes and hotel rooms and raised more than 80m from private investors. (news.financializer.com). As reported in the news.