AIRBNB 'BUYOUT' FIRM REFUNDING BACKERS

Company accused over false claims

- MARK MCGIVERN

A BUSINESS which claimed to have raised a whopping £466,000 via a dodgy crowd funder 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.