Additional Information for Bar Works Inc.

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Bar Works Inc. has 7 locations, listed below.

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  Bar Works Inc.

  47 West 39th Street New York, NY 10018-3801

• 

  Bar Works Inc.

  116 8th Avenue New York, NY 10011

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  Bar Works Inc.

  41 West 46th Street New York, NY 10036

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  Bar Works Inc.

  47 7th Avenue South New York, NY 10014

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  Bar Works Inc.

  70 White St New York, NY 10013

Headquarters

47 West 39th Street, New York, NY 10018-3801

BBB File Opened:

7/7/2016

Business Started:

10/1/2015

Business Incorporated:

10/27/2015

Type of Entity:

Corporation

Alternate Business Name

• Bar Works USA LLC

Business Management

• Mr. Franklin Kinard, Agent
• Mr. Jonathan Black, Owner
• Mr. Renwick Haddow, Owner

Contact Information

Principal

• Mr. Franklin Kinard, Agent
• Mr. Jonathan Black, Owner
• Mr. Renwick Haddow, Owner

Customer Contact

• Mr. Franklin Kinard, Agent

Additional Contact Information

Phone Numbers

• (646) 415-8052
  Other Phone
• (917) 349-8208
  Other Phone

Website Addresses

• Website 1

Additional Business Information

Believed to be out of business

According to information in BBB files, it appears that this business is no longer in business.

Additional Info

Mail sent to the business on 06/16/2017 was returned by the U.S. Postal Service as Attempted - Not Known.

Government Actions

Government Action: BBB reports on known government actions involving business’ marketplace conduct:

US Attorney Unveils Charges Against British Citizen For Defrauding Investors Of More Than $36 Million
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government’s allegations, which have not yet been proven.

On June 30, 2017, Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced the unsealing of a criminal Complaint in Manhattan federal court charging Renwick Haddow, a British citizen, with engaging in schemes to defraud victims by soliciting, through material misrepresentations, and misappropriating investments in companies created by Haddow called Bitcoin Store Inc. (“Bitcoin Store”) and Bar Works Inc. (“Bar Works”) as well as related entities Haddow controlled. Haddow remains at large.

According to the allegations in the Complaint unsealed in Manhattan federal court:

Renwick Haddow is a citizen of the United Kingdom  From November 2014 through June 2017, Haddow solicited investments in start-up companies he created and controlled, including Bitcoin Store — a purported online platform for purchasing, selling, and storing the digital currency known as “Bitcoin”—and Bar Works, which purports to be a company that adapts former restaurants, bar premises, and other locations into co-working spaces. When doing so, Haddow made material misrepresentations about, among other things, the management, operations, and historical performance of those companies.

In connection with Bar Works, Haddow adopted the alias “Jonathan Black” to further hide his role in the schemes.  Haddow claimed that “Jonathan Black” had an extensive background in finance and had a role in setting up “Car Share,” a car-sharing app.

Haddow solicited investments through his control of InCrowd Equity Inc. (“InCrowd”), which represented itself as a type of crowdfunding portal through which investors could purchase shares of start-ups supposedly vetted by InCrowd. Haddow did so without disclosing to investors that he had an ownership interest in both InCrowd, on the one hand, and Bitcoin Store and Bar Works, on the other. Haddow also misappropriated without permission funds purportedly invested in Bitcoin Store and Bar Works for his own use and the use of others.

Renwick Haddow, 48, of the United Kingdom, has been charged in the Complaint with two counts of wire fraud — one relating to the Bitcoin Store scheme and the other relating to the Bar Works scheme.  Each charge carries a maximum prison term of 20 years. Mr. Kim praised the investigative work of the FBI and thanked the Securities and Exchange Commission, which has brought civil actions against the defendant, for its assistance. This case is being handled by the Office’s Securities and Commodities Fraud Task Force.  

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Government Actions

Government Action: BBB reports on known government actions involving business’ marketplace conduct:

SEC Files Fraud Charges in Bitcoin and Office Space Investment Schemes
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government’s allegations, which have not yet been proven.

On June 30, 2017, the Securities and Exchange Commission filed fraud charges against the clandestine founder of a purported Bitcoin platform and a chain of co-working spaces located in former bars and restaurants, alleging that he bilked investors in both companies while hiding his connection given his checkered past with regulators in the U.K.

The SEC alleges that Renwick Haddow, a U.K. citizen living in New York, created a broker-dealer and did not register the firm with the SEC as required under the federal securities laws. Haddow allegedly used sales representatives to cold call potential investors and sell securities in Bitcoin Store Inc. and Bar Works Inc.

According to the SEC's complaint, offering materials presented to investors in both companies touted the backgrounds of senior executives who do not appear to exist. The materials also misrepresented other key facts about both companies' operations. Haddow allegedly diverted more than 80 percent of the in funds raised by the broker-dealer for the Bitcoin Store, and sent more than $4 million from the Bar Works bank accounts to one or more accounts in Mauritius and $1 million to one or more accounts in Morocco.

The SEC alleges that Bar Works claimed to bring "real vibrancy to the flexible working scene by adding full-service workspaces to former bar and restaurant premises in central city locations." Bar Works primarily sold leases coupled with sub-leases that together functioned like investment notes. The company also allegedly sold leases for more workspaces than actually existed in at least two locations. Among false claims made to investors, who invested more than $37 million in the Bar Works scheme, were that a location was profitable within months of opening and that Bar Works had engaged an auditor.

Business Categories

Office Space Rental