The Serious Fraud Office is Gavin Woodhouse's following a referral from an influential MP.
John Mann, the Labor MP for Bassetlaw who has emerged as a member of Parliament's Treasury select committee for more than a decade, alleged Woodhouse's business model "smells a bit like a Ponzi scheme" as further details of the embattled entrepreneur's finances have emerged.
ITV News undercover investigation, which raises questions about the business interests of the entrepreneur, who has raised more than £ 80m from private investors for leisure homes and leisure projects. pound "black hole".
A high court judge ruled last week that the financier's business model appeared to be "thoroughly dishonest" as the temporary administrators were appointed to run four of Woodhouse's businesses.
Man, who has contacted the Financial Conduct Authority, said: "This is a bit like a Ponzi scheme, and it's so complex. And it is in fact legal. So I've written to the Serious Fraud Office and Andrew Bailey, the head of the Financial Conduct Authority, the regulator, asking them to intervene and investigate. "
Adam is the second senior politician to call on the SFO to investigate after Adam Price, the leader of Plaid Cymru and a Welsh assembly member, said this week he would write to the agency for an "immediate inquiry" into Woodhouse's interests.
An SFO spokeswoman said: "We are aware of the allegations … All are referred to the SFO. The SFO does not comment on the progress of such assessments. "
The FCA did not comment.
On Sunday, Woodhouse lost control of its main firm, Northern Powerhouse Developments (NPD), after Philip Duffy and Sarah Bell of the insolvency firm Duff & Phelps were appointed interim managers of the business.
Woodland care home businesses – MBI Clifton Moor and MBI Hawthorn Care – along with the entrepreneur's £ 200m adventure resort in South Wales, Afan Valley.
The Guardian and ITV News so understand that, as of December 2018:
• NPD executives were expressing concern about the solvency of the group directly to Woodhouse.
• Woodhouse's personal company, Woodhouse Family Ltd, had taken loans of more than £ 2m out of NPD.
• Woodhouse's wife, Charlotte, was paid a salary by £ 75,000 a year.
• NPD already owed around £ 2m in unpaid returns to investors and what is behind in payments to suppliers and agents.
Investors have grown increasingly concerned about what they have happened to have. In court last week, Judge Sally Barber stated: "Ordinary members of the public have millions of pounds into three companies. They have been ringfenced and used only for particular projects. This was untrue. "
Despite Woodhouse raising about £ 16m five years ago to build four new care homes. The businessman was in the process of raising £ 40m from private investors to start work on his Afan Valley adventure resort in South Wales, which he launched with the support of the celebrity adventurer Bear Grylls the site.
Duffy said: "We are continuing our detailed investigations into NPD and these remain ongoing. At this stage we are not in a position to comment on the specific allegations put to us. "
Woodhouse said, "I'm unable to comment on that. I hope to address the issues when I'm able to do so. "
He has denied any wrongdoing, said that investor monies are in bank accounts and that he plans to build the care homes.
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