Royal Horseguards Hotel Royal Horseguards Hotel The Royal Horseguards Hotel is a 5-star London hotel situated in the area of Whitehall. It is operated by Guoman Hotels, a subsidiary of Thistle Hotels. Whitehall Court was constructed as a block of luxury residential apartments in 1884 by the Liberal MP and property developer Jabez Balfour. The building's construction was the centrepiece of an elaborate pyramid scheme for fraud by Balfour, through the Liberator Building Society which he controlled. In 1892 the Society collapsed, leaving thousands of investors penniless. Instead of advancing money to home buyers, the Society had advanced money to property companies to
Kevin Foster (fraudster) Kevin Foster (fraudster) Kevin Foster (born 1958/1959) is an English investment fraudster, convicted of 14 counts of deception and theft in relation to his operation of a £34m (approx $51m) Ponzi scheme, which ran from 2002 to 2004. By the time Foster was stopped, police discovered his scheme, originally called "KF Concept" but later renamed to "Phase 9", had taken money from 8,500 investors, mainly drawn in through his series of flamboyant roadshows across the UK. In 2010, Foster was sentenced to 10 years imprisonment, though that was reduced to 9 years on appeal after several convictions were overturned. On