Daily Archives: August 25, 2014

Newly revealed report details Harlequin Resorts due diligence disaster

Dave Ames Harlequin Ponzi

If you can’t see fraud and Ponzi schemes here… you aren’t looking!

According to a due diligence chart posted online, Harlequin Resorts’ The Merricks development in Barbados did not file financial accounts for seven years between 2006 and 2013.

During that same period The Merricks took in £47,946,581 in payments from victims ‘investors’ but only spent £7,971,246 for land and construction costs.

That leaves £39,975,335 outstanding, or… a better way would put it: that leaves £39,975,335 MISSING.

How many Ministers of Government received ‘campaign donations’ from Harlequin during this period? How did our government protect investors and Barbados’ reputation during this period?

Why did the Barbados government allow this to happen? Seven years without required filings and Barbados politicians were content to line up for photographs with Harlequin’s David Ames? What the heck were they thinking?

Or… were our politicians simply delivering the service that they had been paid to deliver? With no Integrity Legislation and no Freedom of Information laws, Bajans will likely never be able to prove who the villains are.

The Harlequin Resorts chart is nothing more or less than a confirmation that Harlequin was and is nothing more or less than a gigantic Ponzi scheme.

More and more the questions are shifting from Harlequin to the UK and Barbados authorities charged with maintaining the law…

The question has become: Why have the authorities not acted to arrest and charge David Ames and his co-conspirators?

Comments are open!

You can download the due diligence report at Barbados Free Press here, or download it from FileTea.

 

 

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Filed under Barbados, Business & Banking, Offshore Investments, Political Corruption, Politics & Corruption