Bar Works mastermind Renwick Haddow extradited to US

British national appeared in court

New York /
Apr.April 13, 2018 04:25 PM

Renwick Haddow

Renwick Haddow, the mastermind behind the alleged co-working Ponzi scheme Bar Works, has been extradited to the U.S., federal prosecutors announced Friday.

Crain’s reported that he appeared in court the same day.

The U.S. Attorney’s office for the Southern District of New York and the Securities and Exchange Commission filed separate charges against Haddow in June, accusing him of cheating Bar Works investors out of $37 million. He is also accused of defrauding investors in a separate venture, Bitcoin Store. In July, Moroccan police arrested him Tangiers. In December, the SEC announced that Haddow had agreed to be extradited.

Bar Works, a New York-based co-working company, sold securities tied to the rental income from its desks around the globe. Haddow, a British national and accused career fraudster, hid his involvement in the company behind a fake name. The Real Deal first exposed his role in the startup in January 2017.

In July, TRD published an in-depth investigation into Bar Works and the rise of online real estate fraud.  — Konrad Putzier


Related Articles

arrow_forward_ios
NJ construction official accused of siphoning funds from developers’ account
NJ construction official accused of siphoning funds from developers’ account
NJ construction official accused of siphoning funds from developers’ account
NYC City Council passes bill forcing hotels to dish out severance pay
NYC City Council passes bill forcing hotels to dish out severance pay
NYC City Council passes bill forcing hotels to dish out severance pay
Vorea, Domain and L+M close on $88M LIC development site
Vorea, Domain and L+M close on $88M LIC development site
Vorea, Domain and L+M close on $88M LIC development site
Condor Hospitality CEO J. William Blackham and Blackstone CEO Stephen Schwarzman (Condor, Getty)
Condor Hospitality selling hotels to Blackstone for $305M
Condor Hospitality selling hotels to Blackstone for $305M
Comptroller Scott Stringer (Getty)
City landlords’ tax delinquencies approach Great Recession levels
City landlords’ tax delinquencies approach Great Recession levels
Valley National CEO Ira Robbins and Bank Leumi USA CEO Avner Mendelson (Getty, Valley National, Bank Leumi)
Valley National acquiring Bank Leumi USA for $1.1B
Valley National acquiring Bank Leumi USA for $1.1B
Longfellow Real Estate Partners CEO Adam Sichol with renderings of 310 East 67th Street (Friends UES, Rendering by DBOX, Longfellow)
Blood Center rezoning on Upper East Side approved
Blood Center rezoning on Upper East Side approved
39 Clarkson Street (Google Maps)
Hudson Square office building sold for $46M
Hudson Square office building sold for $46M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...