A business which claimed to have raised a whopping 466,000 via a dodgy crowdfunder says all investors have been paid back.
Grant MacCusker and his son Jamie Stewart have been threatened with legal action after a fundraiser on the
Crowdcube website for their Student Rents firm was alleged to have made false claims.
It comes after MacCusker was exposed for concocting a story about another company, Letting Cloud, being bought over by home and room rental online platform Airbnb.
The 38-year-old has faced demands for refunds after it emerged he used photographs from the internet to depict fake execs at Student Rents.
Previously McCusker put out a press release about a bogus Airbnb takeover and spoke about it in a TV interview. Airbnb was notified and said it had never heard of MacCusker or Letting Cloud.
One source said: “MacCusker has gone to great lengths to make his businesses look cutting edge and market leaders but there’s no evidence for any of it. He even went on STV to talk about it.
“It’s unclear what he had to gain, but any crowdfunder could be boosted if an entrepreneur was involved in big deals with a worldwide brand and talking about it on TV.”
The Student Rents page on Crowdcube stated the company raised 466,000 from 179 investors after a crowdfunder was launched last October. The firm was touted as a new “Uber” for the rental market, linking students and landlords via a portal.
However, Crowdcube later revealed 443,000 had been...
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