TV's Secret Millionaire star bankrupt for SECOND TIME with £4m debts
EXCLUSIVE: Taxi driver turned property guru who flaunted his wealth on TV’s Secret Millionaire spin off goes bankrupt for SECOND TIME with debts of £4million
- Glenn Armstrong worked as a taxi driver before making his fortune in property
- The tycoon once appeared on TV’s How the Other Half Live showcasing his enviable lifestyle
- At one stage, Armstrong was said to own a portfolio of more than 200 properties worth about £30 million in the Milton Keynes area
- Two years ago he told how a gang of machete-wielding robbers raided his £3million home, stealing watches worth £50,000
- But this week the he was declared bankrupt after being chased by 25 creditors
- One ex-business partner said: ‘I invested about £60,000 with one of his property mentor schemes. But the debt was never repaid.’
A property ‘guru’ who flaunted his wealth on a Channel 4 TV show has gone bankrupt for the second time in his life, with debts of over £4 million.
Glenn Armstrong, 61, set up a firm called Glenn Armstrong’s Property Millionaire Academy Ltd, but was this week declared bankrupt after being pursued by more than 25 creditors, many of whom had invested money hoping for a lucrative return from his property empire.
Armstrong once appeared on TV’s How the Other Half Live, and two years ago was reported to have been targeted by a gang of machete-wielding robbers along with his partner and baby. He is now banned from engaging in business activities for the next three years.
Glenn Armstrong, 61, (pictured) is a self made millionaire who has now gone bankrupt twice, once in 2005 and this week with 25 creditors chasing him for £4million in debts
Mr Armstrong’s partner is glamorous Charlotte Laudat, 33, who now calls herself Charlotte Geneva, is described as a children’s fashion designer and former child actress
Two years ago tycoon Armstrong reported a terrifying robbery at his home (above) in which he said a gang of masked raiders held a 2ft machete to the face of his eight-week-old baby
For now at least, despite his trail of unpaid debts, the rags-to-riches former taxi driver still lives in a £3m mansion near Milton Keynes with his glamorous girlfriend who has a history of violent assaults.
The house boasts its own helipad, four acres of landscaped gardens and a water fountain.
Ms Laudat appeared in court in 2018 accused of attacking her former husband
At one stage, Armstrong was said to own a portfolio of more than 200 properties worth about £30 million in the Milton Keynes area.
He did not dispute the amount of debts at the High Court bankruptcy hearing on February 11 before Judge Barber.
One of the creditors told MailOnline: ‘I invested about £60,000 with one of his property mentor schemes, which was supposed to be repaid with a premium a few months later.
‘But the debt was never repaid, despite repeated demands, and after four years, this is where we ended up, along with many other creditors.’
Armstrong appeared on Channel 4’s Secret Millionaire’s spin-off programme in 2010 and told of his path to wealth.
While studying engineering, he hauled around a suitcase loaded with videos to rent out for the night, but then lost a small fortune after selling out in return for shares in a firm called Videostore, which went bust, leaving him bankrupt in 2005.
He started again, becoming a taxi driver and invested in properties across the country, then began to offer to share his secret with investors, claiming he had helped 74 clients become millionaires, adding: ‘I’ve learned the hard way when it comes to property investment, so you don’t need to.’
In late 2018, he reported a terrifying robbery at his home, in which a gang of masked raiders were said to have held a 2ft machete to the face of his eight-week-old baby.
Armstrong told how he woke up to the sight of three thugs wearing balaclavas threatening to cut off his arm.
‘I was woken up by three men in balaclavas, two had machetes and one had a crowbar,’ he said. ‘They said: ‘take your watch off… hurry or we’ll chop your arm off’.’
The raiders were said to have escaped with £50,000 worth of watches and the keys to a Rolls Royce.
Former taxi driver turned property guru who at one stage had a portfolio of 200 properties can for now remain in his £3million home near Milton Keynes boasting a helipad and grounds
During the raid on his home, three masked men stormed in and stole an 18-carat Rolex Daytona (pictured left, file photo) and a diamond-encrusted Rolex Oyster (pictured right, file photo)
The goods reported stolen in the raid also included a Canon camera, lenses and SD cards and a luxury Louis Vuitton handbag (pictured, file photo). Police said the case remains on file
Mr Armstrong’s partner, Charlotte Laudat, 33, thought she was involved in a Hallowe’en prank when the gang first burst into the bedroom as she was tucked up in bed with her baby, according to police.
At the time, Investigating officer Detective Constable Lucy Jarrett said: ‘This was a horrible and frightening incident for the victims, who should have felt safe in their home.’
A Thames Valley Police spokesman told MailOnline that the robbery investigation ‘Has been filed pending further/fresh information coming to light. No arrests have been made.’
Ms Laudat also hit the headlines earlier the same year when she appeared in court charged with attacking her then-husband Simon, slashing him eight times with a pair of scissors in a fit of rage after finding naked photos on his phone.
He broke both ankles leaping from a window to escape and appeared in a wheelchair in court, but she had met multi-millionaire Mr Armstrong by the time she appeared in the dock.
She was given a suspended 18 month prison sentence.
More recently, in 2019, Miss Laudat, now calling herself Charlotte Geneva, described as a children’s fashion designer and former child actress, escaped jail for a second time, despite still serving the initial suspended sentence, after she bit a policeman in the arm during a drunken rage while yelling: ‘You’re dealing with a celebrity!’.
Ms Laudat (pictured with her former husband Simon Laudat in happier times) was given a suspended 18 month prison sentence for slashing him eight times in a fit of rage
Mr Laudat (pictured) broke both ankles leaping from a window to escape his former wife and appeared in a wheelchair in court
A judge at Aylesbury Crown Court was told that Geneva, who owns the Little Lott brands, had been celebrating her birthday in December 2018 when police were called to her home in Sherington, Buckinghamshire. Officers found her in a drunken state with her baby. Geneva hurled abuse and as PC Rakesh Phakey tried to restrain her she bit his arm
The judge was also told she was pregnant with her third child, and her lawyer said a custodial sentence would inflict far more damage on her young family than her.
Geneva admitted assault and was given a 12-month community order.
Armstrong told MailOnline: ‘I make no comment in respect of the Bankruptcy Court’s findings, bar I’m taking further legal advice.
‘This follows a very complicated 4 year and ongoing Matrimonial dispute on the division of substantial assets,the details of which I am not at liberty to disclose at this time.’
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