Domo Developments - Update on Reimbursements

Domo Developments purported to be investing in property on behalf of ordinary retail investors. The directors were well known within the property circuit, attended a number of events, and claimed to be experts with a series of YouTube videos. Largely, they found investors at property events or property training sessions.

What happened with Domo Developments?

  • Millions of pounds was funnelled into an unregulated investment scheme called Black Capital that is widely regarded to be fraudulent.

  • The directors of Black Capital and Domo Developments have all been major shareholders in a linked limited company called Domo Partners (formerly SARS Homes Ltd) since 2019. 

Domo Developments was put into administration by one of its creditors and the directors allegedly provided the administrators with fake email addresses for the creditors of Domo Developments.

We have spoken to hundreds of investors with Domo Developments who have unfortunately lost money to this complex and elaborate scam. 

The collapse follows Black Capital also losing investors funds and followed a typical investment scam.

Update on Reimbursements:

The good news is that cases connected to Domo Developments are moving in a positive direction, with successful recovery through UK banking regulations. This shows that recovery can be possible in situations like these.

One of our clients invested £200,000 through Barclays Bank in Domo Developments, in what they believed to be a legitimate investment.

They believed all hope was lost and their money was gone for good. We conducted a thorough investigation before submitting the case to the bank and then the Financial Ombudsman. We managed to recover all of our clients' £200,000 funds plus interest, helping them get their lives back on track.

What to do if you have invested?

If you’ve been affected, it’s important to know you’re not alone. We’re speaking to victims who are now seeing results from taking action - and we encourage others in the same position to get in touch with us to see if recovery may also be possible.

Who can Refundee help?

If your bank is signed up to the Contingent Reimbursement Model (CRM) Code and you meet the criteria below, you might be able to claim your money back:

  • You made the payment from your UK bank account after the 28th of May 2019

  • Your payment was sent to another UK bank account

Check our list of participating banks to see if yours is signed up to the CRM code.

Even if your bank has said no, we may still be able to help. Many of our clients are denied reimbursement by their banks, but recover their funds through the Financial Ombudsman Service. 

If you have invested from a UK bank account then Refundee may be able to help, you can Start Our Claim form on our website. We assist in managing your case from beginning to end, alleviating the stress of revisiting previous events. Our fees are transparent, competitive within the industry, and simply structured without hidden charges.

You don’t need to seek professional representation to argue your case. You have the right to represent yourself for free. Of course, this means that you don’t incur a fee if you are successful.

We have recovered over £90million for our clients so far, with a proportion of this coming from Domo Developments clients we have represented. You can read more about our clients' experiences with us on TrustPilot.  

How would the process work?

Refundee manages everything for you.

We begin with an investigation to understand what happened in your specific circumstances. After some paperwork, we handle your case from start to finish, working with your bank through to the Financial Ombudsman Service. 

These cases can take around 6-12 months, although the process can vary in terms of duration.

Who are Refundee? 

Refundee are specialists in this area and you can read about what our previous customers have said about us on Trustpilot. We’ve had good success in previous group cases, even when people have been told by their banks that they’re not able to get a refund. 

Here are the technical bits: 

  • Refundee Ltd is a claims management company authorised and regulated by the Financial Conduct Authority in respect of regulated claims management activity FRN: 937096. 

  • Registered with the Information Commissioner's Office; registration number: A8986071. 

  • Registered office address: Refundee, 3rd Floor, 86-90 Paul Street, London, EC2A 4NE.

  • Registered as a company in England & Wales; number: 12855931.