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Co-Ponzi scammer James Moore denied new trial request

Redwan Eid | Jul. 19, 2019
Co-Ponzi scammer James Moore denied new trial request

July 19, 2019, | AtoZ MarketsThe New York Southern District Court has turned down the application for holding a new trial for Co-Ponzi scammer James Moore, as he requested a month ago, for what he called “prejudicial error”.

Moore, British, 58, had cooperated a scam with Renwick Haddow, and was convicted at the trial of wire fraud and conspiracy for engaging in a fraudulent scheme by making misrepresentations about the operations of Bar Works Inc.

The court papers say that Moore’s motion for a new trial should be denied in its entirety for the unconvincing arguments the defendant came up with.

Moore faces two counts as conspiracy to defraud, and defrauding, investors in a business called “Bar Works”. Each charge carries a maximum of 20 years in prison.

In an official press release by the U.S Department of Justice, Geoffrey S. Berman, the United States Attorney for the Southern District of New York, had announced that JAMES MOORE was convicted at trial last Friday of wire fraud and conspiracy for engaging in a scheme to defraud investors by making material misrepresentations about the management and operations of a company called Bar Works Inc. and related entities (“Bar Works”).  MOORE was found guilty on June 7, 2019, of both counts he faced, after a one-week trial before the U.S. District Judge Richard M. Berman.

Renwick Haddow testified against James Moore

Surveilling Moore’s activities prior to the indictment, the authorities found that the defendant helped a company called “Bar Works” to defraud investors, masked under the name of “Jonathan Black”, a non-existent personality, concealing the company’s real chief executive, Renwick Haddow, who is a known British fraudster.

Haddow, on his turn, confirmed that his co-partner James Moore was fully aware that he was participating in a Ponzi scheme.

According to media outlets that dug in his history, Haddow started his fraud in 2015, holding events in opulent hotels around the world.

His approach lure investors was in convincing him that he helped turning failing bars and restaurant into sharable workspaces to be rented out later, which are known to be somehow a profitable plan, especially with the place is already there.

The victims signed up for the project, and ended up losing fortunes, where up to 150 people from the UAE alone are believed to have suffered from Haddow’s duplicity.

After that, he was arrested in Morocco before he subsequently move to the U.S, where he is now held accountable for the crimes he admitted committing.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.