Director banned over property investment scam promising 100% returns

Mark Battersby
clock • 2 min read

A rental property investment director faces an 11-year disqualification over a scam which took £6.7m from investors by promising false investment returns including over 100%. Sam Eustace, 36, from Sutton in south London has been disqualified as a director for 11 years. He was director of Kingsman Property Ltd, which promised landlords guaranteed rent all year around as well as offering investors the opportunity to receive annual returns of 30% by investing money into the rental house for multiple occupancy (HMO) sector. "Kingsman Property scammed £6.7 million from investors by prom...

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