
About 25 investors, half of whom are from Dunedin and including friends and family of principal Paul Nicholson, are still out of pocket $3.7 million of the original $4.2 million owed.
Investors have had a 12.75% return on capital so far from liquidators.
Mr Nicholson is looking to raise money from new investors to buy a $12 million Central Otago subdivision.
This week he said a $1.2 million deposit had "gone through" to receivers PricewaterhouseCoopers, which is selling the Bendemeer subdivision near Lake Hayes.
Neither the receivers nor Mr Nicholson's Wellington-based lawyer returned calls asking them to confirm whether the deposit went through successfully.
When Mr Nicholson was this week asked about soliciting funds for a new project when $3.7 million was still owed to earlier investors, he said "90% of proceeds [would be] for Hurricane House; to be paid in full".
Mr Nicholson's move last week to start a new company, Bendemeer Trustees Ltd, has angered several Hurricane House investors, who asked not want to be identified.
An email of Mr Nicholson's dated April 20 was leaked to the newspaper this week.
In it he seeks funds from would-be investors, offering a "secure short term investment", promoted as "Trust me this is a good one".
Mr Nicholson said he "would find out" who had leaked the email to the ODT and "visit them and talk to them ... [they were] sabotaging and reducing the probability and possibility of those [other Hurricane House] investors getting money back".
The former investors who contacted the ODT were angry Mr Nicholson did not disclose in the email that he was principal in Hurricane House, or make any mention of its demise and liquidation.
"This b****** needs to be stopped," one former investor told the ODT in an email.
"Lives have been destroyed by this; you [the public] will never know just how deep this went," one investor said.
Family homes had been sold and life savings lost, the investor said.
The April 20 email included an attachment of Mr Nicholson's seven-page CV and business profile which contained no mention of failed Hurricane House, Mr Nicholson's role in the company or its $4.2 million liquidation debt.
Mr Nicholson's page of "business profile" lists 18 purchase, refurbishment and sales of a variety of commercial premises, mainly in Dunedin and Wellington, with total sales proceeds beyond $95 million. He said he was employed in the late 1980s as a funds manager of a $400 million diversified investment portfolio.
Mr Nicholson claimed earlier in the week that 90% of the emails he sent did spell out the demise of Hurricane House.
He said when having his CV written, he had given instructions that it "should have been amended" to include Hurricane House, but there were so many emailed offers sent out that the "content [became] altered".
Mr Nicholson's CV outlines his occupations from 1969: hospital orderly to council dustman to then moving to several roles of "investment portfolio manager".
The CV says he has a BA Geography (Hon) and BSC Microbiology from the University of Otago and is completing Accounting 3 in order to gain a Bachelor of Commerce degree.
To bring his CV up to date , Mr Nicholson wrote: "Currently involved in a privately-owned finance and investment company, with the recent appointment of a financial controller and CEO [chief executive officer]."