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Transcripts for BBCNEWS The Housing Benefit Millionaire... 20240604 02:47:00

So far, i have discovered there have been serious problems for some desperate my space tenants. i want to know how many my space properties used to be owned by paul o rourke and how much money he has made. here s one in east yorkshire. in 2019, this block was bought for £800,000. it was leased to my space and then sold for almost 1.6 million, all on the same day. paul o rourke says, after expenses, the deal made him just shy of £400,000. the individual you are describing has worked out how this system can be exploited. you can bet for sure he is not the only person who

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Transcripts for BBCNEWS The Housing Benefit Millionaire... 20240604 02:36:00

Does and it is distressing that it failed some of its tenants and staff. arcam house was forced to close for three months after the machete incident. only then was charlie able to see inside. it was destroyed, absolutely destroyed. i d never seen anything like it. furniture was smashed, doors hanging off the hinges in pieces, broken glass everywhere, human substances on the walls. evidence of drug use. my space says there were instances a few years ago where service levels fell below the standards it sets. it says lessons were learnt and procedures were improved. when property developer paul o rourke bought arcam house, along with several other properties, he paid around £2.25 million and paired

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Transcripts for BBCNEWS The Housing Benefit Millionaire... 20240604 02:51:00

It sounds to me as though paul 0 rourke s companies were using the charity as a sort of bank, a convenience. they would apply to the charity for the money instead of going to their own bankers. paul o rourke and my space both strenuously deny he has undue influence and say he is a one of a number of suppliers. mr o rourke says he has not attended a my space meeting since 2014. my space say there may have been very short term loans and is now investigating. here in bolsover, derbyshire, the local council tried to take on my space. this is the block of 16 flats that is run by my space. the council hands out housing benefit on behalf

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Transcripts for BBCNEWS The Housing Benefit Millionaire... 20240604 02:48:00

Has worked that out. it may well be he s not done anything illegal, but morally it s got to be questionable and, in terms of how we want our housing benefit to be spent, it must be completely wrong. documents from the land registry show paul 0 rourke s companies have done more than a hundred deals including properties leased to my space. it s not easy to work out how much profit his companies have made because we don t know what expenses he might have had on the transactions but if you add up the sale prices and take away the purchase prices, you get a grand total of around £63 million. paul o rourke disputes this figure and says it s very misleading. he says it doesn t account for significant costs, such as taxes, renovations, financial support for my space, as well as legal

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Transcripts for BBCNEWS The Housing Benefit Millionaire... 20240604 02:33:00

It is a registered provider of social housing. this is the village of north wingfield in derbyshire. in 2018, paul o rourke bought arcam house here. my space took a 20 year lease on the property and used it to house and support vulnerable people. it s a really community based village. is that it there? yeah. charlie hamilton kay works with people affected by anti social behaviour. by the middle of 2019, just weeks after tenants moved into arcam house, she was already dealing with problems. the behaviour was constant. drunkenness, loud music, suspected drug use. early hours of the morning, late hours of night, constant reports of calls to the police. it was really terrifying.

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