The businessman was recently the focus of an ITV News and The Guardian investigation.
Entrepreneur Gavin Woodhouse has failed to complete on the purchase of a Devon hotel, losing his investors hundreds of thousands of pounds.
Peter Moore and Russell Kett have resigned from Northern Powerhouse Developments one week after the undercover investigation.
Seven people who invested in ventures promoted by an entrepreneur have applied to have four of his companies placed into administration.
Angry investors have begun legal action against a businessman who is behind unfinished projects which have seen millions disappear.