Category Archives: Business

Harlequin’s David Ames disobeys court order, fails to give evidence in court. What now for investors?

David Ames - Harlequin's Ponzi King

David Ames – Harlequin’s Ponzi King

TLW Solicitors are here to help on a no-win no-fee basis

contributed by TLW Solicitors

Following recent reports of the Harlequin Properties’ headquarters going up for sale and the company’s chairman David Ames failing to give evidence in court, those who have lost out financially through the scheme are assured that they may still be entitled to compensation.

The Harlequin Property company was set to build 6000 luxury properties in the Caribbean, financed by deposits from UK investors. With only 300 of the properties actually built and the Harlequin Group having gone into liquidation, thousands of investors have been left in debt.

Rip Off Britain

The BBC’s consumer affairs programme Rip Off Britain investigated Harlequin Property for a second time earlier this year, after an initial broadcast in 2010. Although some early investors had been able to claim back their money, the returning of more recent deposits has been ruled out by the company since it entered liquidation.

Around 3000 UK investors are thought to have been involved in the Harlequin investments scheme. Chairman David Ames blamed the problems on the 2008 global recession and claims to have been let down by developers.

Recent evidence suggests the Harlequin case has been flawed from the start, with suggestions that it never owned much of the land it intended to build properties on, and a business model that relied wholly on continued foreign investment. (BFP Editor’s note: It’s called a ‘Ponzi Scheme’. We’ll say it, even if TLW Solicitors won’t.)

Investigations into Harlequin hotels & resorts

Harlequin Property has been subject to an ongoing investigation by the SFO (Serious Fraud Office) since 2013 and two warnings by the Financial Services Authority (FSA).  Continue reading

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Filed under Barbados, Business, Consumer Issues, Crime & Law, Offshore Investments

Airline Partnership opportunities gained, lost and possible

caribbean-airlines-logo.jpg

Adrian Loveridge - tourism expert, hotel owner

Adrian Loveridge – tourism expert, hotel owner

With any number of uncertainties there can be very few other businesses like airlines which present a constant indeterminate challenge.

It only seems a twinkle ago since massive controversy hit the media over the sale of the valuable Heathrow slots by the now defunct BWIA for what many felt was an under-valued GB Pounds 5 million to British Airways in 2006.

In 2011 the current Trinidad and Tobago Prime Minister, Kamela Persad-Bissessar commissioned a forensic management audit which concluded that a fair market value for the slots then ranged from GB Pounds 23 million to GB Pounds 44 million in a report dated 8th May 2012.

Then with a blaze of glory in 2012 it was announced the replacement Caribbean Airlines was going to return to London, but this time flying into Gatwick.

Last week according to AirwaysNews.com, Caribbean Airlines (CA) will return its Boeing 767 fleet to lessor ILFC (International Lease Finance Corporation) during the first quarter of 2016, axing the Gatwick route and these aircraft will join the Air Canada Rouge fleet soon after.

This year, the airline has already returned two Boeing 737-800 aircraft with two more that are set to go soon. This will reduce the fleet to twelve B737s while retaining all five ATR 72 equipment.

Since the re-birth of the carrier, it has been difficult to follow what if any substantial part they play in supplying airlift to Barbados, specifically for inbound tourism and I probably am not alone into thinking ‘we’ as a destination do not have the best of working relationships with them.

Can this be changed or improved on specific routes, perhaps with a Barbados/Fort Lauderdale service or would this further alienate the existing legacy and low cost airlines?  Continue reading

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Filed under Aviation, Barbados, Barbados Tourism, Barbados Transportation, Business

What’s up with Mark Daghorn and Rising Records?

Mark Daghorn Barbados Music

Editor’s Note: The following is only one of many letters and complaints we’ve had in the last while concerning Mark Daghorn (photo above) and Rising Records.

We remind BFP readers that this was sent anonymously to BFP – an anonymous blog and should be taken with a big dose of salt.

We offer Mr. Daghorn or anyone the space to reply to these accusations publicly, in the same space and to the same audience.

Without further delay, here is one of the anonymous emails sent to BFP…

AN OPEN LETTER TO THE PEOPLE OF BARBADOS

FROM: http://www.facebook.com/MarkDaghornInfo

Mark Daghorn is/was known as the owner/director of Rising Records.  The UK based record label had a roster of over 40 bands and specialised in Heavy Metal, Hardcore, Death Metal, Black Metal & Grindcore.

http://www.metal-archives.com/labels/Rising_Records/260

Warning to bands about shady record label
November 29th, 2011, 02:29 PM

On Nov 29th 2011 a comment was posted to a music website by user Men With Ven claiming Rising Records was a front for a scam.  Within hours the story went viral and over the next few days various people who had dealt with Daghorn posted their own stories of dodgy dealings with him, corroborating the original posters ac­cusations.

http://www.ultimatemetal.com/forum/musicians-discussion/735127-warning-bands-about-shady-record-lab.html

Daghorn claimed the post was the working of a disgruntled band.  He responded to these accusations with intermittent threats of legal action whilst fleeing the UK for Barbados. He never followed through with any legal action as he threatened.

Daghorn then proceeded to establish himself in Barbados and people he owed money to in the UK were ignored, fired or offered more work which never materialised.  Continue reading

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Filed under Barbados, Business, Crime & Law, Music

If each small business in Barbados could hire just one more employee…

got the job barbados web

Adrian Loveridge - tourism expert, hotel owner

Adrian Loveridge – tourism expert, hotel owner

As a small business person for most of my life, trying to make miniscule budgets become larger profitable realities goes with the territory. As a general rule we adopted a very simple psychology – that any marketing dollars spent had to produce a tenfold return, or return on investment ROI of 1:10.

For instance if you took a quarter page on a peak circulation day in the sister publication of Business Authority, the ‘ad’ space would cost around $900 per insertion.

Very few smaller businesses could reasonably expect that a single ‘ad’ would generate an additional $9,000 in turnover, so the only plausible alternative could be to partner with 8 other entities each contributing $100 and then ask the question again.

Could an individual participant in a collective ‘ad’ expect to drive another $900 in new business?

An example might be a standalone restaurant ‘ad’ at $900 would probably need to drive another 60 customers a week to justify, but a shared cost of $100 would require just six or seven more patrons per establishment.

More historically traditional mediums like newspapers have been driven into looking for far more creative ways of retaining advertising revenue to compete with internet and other competition, but at the risk of the editor sacking me, they have to do a lot more to retain viability. (Editor’s note: Not around here, Adrian. Our advert ratesheet is very reasonable!)

One of the simplest ways this could be achieved would be to run a dedicated weekly restaurant and/or staycation/attractions page. Break the cost down to a level where individual ‘partners’ could afford to participate and justify the expense. Perhaps even build-in a discount voucher which is exclusive to the publication.

The recent revamping of the Nation and its various supplements may provide a new opportunity with one or more sales staff dedicated to following through with this concept.

There is also the possibility of sponsorship by other businesses that ultimately stand an equal opportunity of adding turnover or brand awareness. A local branded credit card issuer would be a natural partner who would benefit by users selecting a preferred method of payment.

The remodeled Easy Sunday insert just might be one of the best mediums for such a regular feature, as it appears to be targeted towards a particular lifestyle and perhaps would be easier to manage in terms of size and content.

As we rapidly approach the more challenging long tourism softer summer months the launch timing also seems to be perfect.

Personally, I am absolutely convinced it is going to primarily our small businesses that will be largely responsible for aiding economic recovery. Just imagine if by encouraging co-operative marketing initiatives each small business is able to employee just one more person. What a difference that could make to reducing unemployment levels and increasing disposable income into the system.

So I have thrown out the gauntlet to this publisher and those enterprises who think they can work together collectively to make a positive difference.

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Filed under Barbados, Barbados Tourism, Business

Last Harlequin update by Serious Fraud Office was July 2014

Harlequin Fraud Office

Harlequin Property
25 July 2014

The SFO investigation into The Harlequin Group continues. We have had several reports from worried investors who have recently received information from other sources to suggest that our investigation is now closed. This is not the case.  Due to the complex nature of our investigations and the fact that several overseas jurisdictions are included within the scope of those investigations, it is inevitable that delays in the process of gathering information and evidence will be and have been encountered. It is not possible to issue any more detailed information at this time. Once we are able to issue a further update we will do so.

Many thanks to those who have been in touch to register their details with us at confidential@sfo.gsi.gov.uk

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Filed under Barbados, Business, Corruption, Crime & Law, Offshore Investments, Political Corruption, Politics & Corruption, Real Estate

Will the Harlequin Resorts debacle explode in 2015?

David Ames - Harlequin's Ponzi King

David Ames – Harlequin’s Ponzi King

The numbers tell us one giant truth: From the start Harlequin was set up as nothing less than a Ponzi scheme requiring a constant influx of new victims to keep everything going.

Consider these numbers…

– Total “deposits” by victims: US$800 million

– Percentage of “deposits” paid as salary and sales commissions: 50%

– Percentage of “deposits” used to pay interest to earlier “investors”: 22% (estimated, see below)

– Number of units sold: 9,114

– Number of units built: 230

It might be worth Ames and his merry band of supporters considering to remain silent throughout 2015.

To do so would reduce if not eliminate the anti-Harlequin responses no matter how articulate and factual they may be, given that the anti-Harlequin posts in the main are merely responses to the incessant nauseating, repulsive litany of lies emanating from Harlequin and their supporters in their never ending quest to justify “at best” the gross incompetence and abject failure by the Ames family and staff of Harlequin to operate their businesses in a proper manner.

The constant need to allay the blame for the failures of the Ames family and management at Harlequin at the door step of others demonstrates that the Ames family and management of Harlequin are in serious trouble.

And that summary is giving Ames and his cohorts far more benefit of the doubt than the facts say they deserve. The only reason I can think of that they haven’t been arrested as yet is that the Serious Fraud Office has been overwhelmed by the planned worldwide chaotic nature of the fraud through only god knows how many different companies, coupled with legal contracts bearing so much fine print, inter-jurisdictional references and available outs for the criminals.

The resorts will most probably never get built, not in the lifetime of many of the purchasers victims.      
Continue reading

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Filed under Barbados, Barbados Tourism, Business, Consumer Issues, Crime & Law, Economy, Offshore Investments, Real Estate

Barbados natural gas stoppage: Government lapdog Nation newspaper blames hotels, restaurants, bakeries for “lack of business continuity planning”

Dog eats garbage

New Bajan tourism attraction: Dog eats garbage

by Passin Thru

In true Bajan and Caribbean “Island Time” style, a Nation newspaper editorial says that no one should be blamed or sacked for the disastrous stoppage of natural gas these past three weeks during the Christmas and New Years season.

The Nation says that those businesses, restaurants, hotels and other natural gas users are the problem. They foolishly didn’t have a backup plan and necessary technologies in place to prepare three meals a day for thousands of tourists for several weeks of outages.

Who wrote that editorial? Such foolishness from presumably an adult. They must be high on drugs or from another planet.

And what of the DLP Government’s failing to keep the gas flowing? Here’s what the suck-well Nation has to say about the government’s role in the crisis:

“The efforts of the Minister of Commerce, Donville Inniss, to personally interact with both the NPC and affected businesses, were very commendable.”

Fabulous! Government Minister Donville Pornville Inniss went about the place talking! What a fabulous job, Pornville, just fabulous!

Perhaps if Minister Inniss and his government paid the VAT refunds owed to business within say, a year of request, those businesses might be able to buy a gas grill or thirty to sit waiting “just in case” the government can’t deliver natural gas for a month in tourist high season? Should the hotels do the same with drinking water too? A month’s worth for 500 people?

Such foolishness.

And then there is the garbage problem… 

Continue reading

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Filed under Barbados, Barbados Tourism, Business, Economy, Energy, Environment

Why weren’t charges laid in attack upon Barbados Immigration Officer?

walter maloney Barbados

We might be wrong here, folks. We HOPE that we are wrong.

BUT… we have two people telling us that a foreigner punched out a Bajan Immigration officer at the airport …. and that management backed away and laid no charges. The Immigration officer is still on sick leave but no charges were laid.

WTF?

Yes. Exactly.

President of the National Union of Public Workers Walter Maloney confirmed much of the story at a symposium at Workplace Violence Awareness Day.

So what is the story? Let’s hear it!

above: Walter “lots of excuses” Maloney; President of the National Union of Public Punching Bags.

Go figure… Immigration officer attacked 

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Filed under Barbados, Blogging, Business, Environment, Ethics, Freedom Of Information, Grenada, Immigration

A real Barbadian international business success story: Automotive Art promotes training in Barbados to attract new USA business!

Automotive Art Barbados training

Need an automotive paint system in the USA? Come to Barbados for training… in January.

Our own Bajan automotive paint supplier is leveraging their Barbados training centre to sell product throughout the USA. I love it!

by Robert

Please pardon me while I reminisce for a bit…

A long time ago my father advised that if I wanted to become a professional pilot as he was, I should first become a certified aircraft mechanic. (Certain folks will cringe at the word “mechanic” and want the word changed to “technician” or “maintenance engineer” depending if they live in America or Europe. Noted, but I’m old school and will continue to say “mechanic”. I also hold DC-3 & 727 type-ratings – master certifying mechanic and command pilot -, so put that in your tonic and gin too.)

My father knew that pilots come and go according to the ups and downs of the airline industry, and that a medical down-check can leave a professional pilot begging in the streets. He wanted me to have a valuable skill to fall back on, and I’m grateful I listened to him. My career as a professional pilot lasted only 7 years, and I made little money compared with my 20 years crawling on my back underneath aircraft with rivet gun or wrench in hand.

My father also told me that there was nothing quicker and easier than a new coat of paint to increase the value of a used aircraft, boat or car.

Young men should pay careful attention to that statement because it is true: There is nothing quicker and easier than a new coat of paint to increase the value of a used aircraft, boat or car.   Continue reading

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Filed under Barbados, Business, Technology, Uncategorized

A camel named Barbados

Barbados Taxes

In case anyone hasn’t noticed, opposition to the new Solid Waste Tax is turning into a national cause – uniting taxpayers across party lines. It may well be the proverbial ‘straw’.

The sight of Opposition Leader Mia Mottley cursing the government for introducing the tax is laughable though – considering that it was Mottley and Arthur and their BLP who robbed de place bare when they were the government. Had the BLP government acted properly when in power, Barbados would be in much better shape today.

We’re broke. Something has to give and both parties are responsible.

But this tax is not going to fly. People haven’t got it, and they can’t pay what they don’t have and won’t ever have.

Freundel Stuart should read some books on what happened 1937.

Different situation, I know, but this kettle is already boiling and the Municipal Solid Waste Tax just turned up the heat.

Thanks to talented artist Connie O’Neill for allowing us to steal her drawing.

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Filed under Barbados, Business, Business & Banking

A solution for financial problems dogging the University of the West Indies

cave-hill-barbados-uwi

“Acknowledging how WORTHLESS most of the UWI degree programmes are to society and to the earning power of individual students would be a good start.”

UWI is sinking financially, but that might be a good thing

by Nevermind Kurt

by Nevermind Kurt

The Government of Barbados is behind in promised payments to the University of the West Indies by over US$100 million dollars.

Tongue in cheek as a taxpayer (and not a tax-vampire like so many of my fellow Bajans) I say that you can look at it as BDS$200 million and hope the currency will be devalued. Or you can value the debt in Jamaican dollars (11,190,083,000.00 JMD). Or Mexican pesos. Or Japanese Yen…

It really doesn’t matter how it’s counted it if Barbados can’t honour it…

And Barbados cannot make the promised payments to UWI. We are making thousands redundant in the civil service, cutting infrastructure development and maintenance, and still the government can’t meet continuing payrolls without further borrowing. There is no money for UWI.

For all his book-learning, Sir Hilary Beckles can be pretty thick at times, but at least he had the courage to speak the truth yesterday talking to Barbados Today, saying “In my own judgment I think if the Government had the resources they would have made them available to us, but the fact is that they don’t have them”.

That’s correct, Sir Hilary: no money, no honey. The coin jar is empty.

Sir Hilary’s solution, however, is to forgive tuition to students this September and hope that Barbados somehow comes up with the money.

Sir Hilary, PAY ATTENTION!

Here is where the academic world and the real world collide…

HOPE IS NOT A STRATEGY.

A better idea: Shut down UWI at Cave Hill. Teach young people to install toilets, mix concrete, grow crops.

How many degree-holding sales clerks can Bridgetown support? How many useless BAs in Linguistics, French, Fine Arts, Creative Thinking, Philosophy and Social Studies can a small island nation of 250,000 citizens support?

How many lawyers do we need on this island? How many mathematicians with a BSc in pure mathematics?

Why do we continue to educate a huge proportion of our young people with degrees that they will never be able to profit from unless they leave not only Barbados, but the Caribbean?   Continue reading

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Filed under Barbados, Business, Consumer Issues, Education

Harlequin H Hotel now billboard for The Flying Chicken – coming soon!

Before…

Harlequin Barbados Signs

Last Night…

Harlequin Barbados Flying Chicken

Our thanks to reader “J”

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Filed under Barbados, Business

Canada’s Sault College receives $440,000 to assist Samuel Jackman Prescod Polytechnic

Keep that foreign money flowing folks… We need it!

canada_barbados_flag

by passin thru

Times are tough on the rock and a lousy $440,000 Canadian dollars doesn’t sound like it would buy much of anything ’bout this place after VAT is considered too.

But, beggars can’t be choosers and all that.

What’s going to happen with all this money? Well, first off it’s not coming right away. Sault College “will receive” the money from the Canadian government over the next two years as the joint programme with Prescod Poly to “collaboratively develop training over the next two years to support a growing renewable energy industry in Barbados.”

Must be something I’m missing about a “growing renewable energy industry” because the last time I looked it was a solar water heaters business was destroyed with a joint venture with Nigeria. (Like that would work out!)

After Owen Arthur threw away $2.4 million dollars of taxpayer money, Aqua Sol went broke and the Trinis bought it up and changed the name to Solaris Energy Limited. It looks like the new manufacturing facility in St. Phillip is always busy, and let’s hope it stays that way – but that is just one company. Pray this new seed money from Canada actually sprouts something and doesn’t just drip away like usual.

But hey, we’ll take the money and do the training or whatever. Just send the money.

What? No plan yet? Hey… gimmie the money and we’ll come up with a plan by sundown!

The two Institutes will work together over the next few months on developing a detailed project plan. Implementation will begin in April 2014.

“We will be planning and implementing key activities such as labour market analysis, curriculum development, teacher training, facilities and equipment enhancements as well as student and faculty exchange between April 2014, and March 2016,” says Ted Newbery, Chair of Continuing Education at Sault College.

Read the whole story: Sault College joins in Bajan school program

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Filed under Barbados, Business, Canada

More UK government attacks on Global Tax Avoidance and Income Shifting

Caribbean-bank-money_laundering

Barbados had better develop some new revenue streams… like yesterday!

submitted by Not Taken

Luxembourg / Barbados / Marshall Islands – tax avoidance and income shifting is all the same shell game but it’s becoming more difficult to hide due to computers and the communication and lobbying powers of the internet.

The Brits are out to stop the game. Canada (CRA) and US (IRS) are cracking down. Barbados is very exposed. Our Government should be prepared to see its revenue from offshore businesses to decline substantially. The billion of new Treasury Bill funding to pay its bills will disappear quickly.

And at the same time as our offshore banking and companies hosting industries are coming under pressure, our tourism seems to be in a death spiral.

Many of us foresaw this situation coming ten years ago. Only fools couldn’t see it coming five years ago.

So far I’ve heard nothing from either the DLP or the BLP except excuses and criticism without solutions capable of addressing this crisis. This is not a time for gentle, incremental solutions: it is a time for radical changes, not more of the same.

Have a look at this from a Canadian newspaper…

Amazon’s U.K. unit slammed for ‘pathetic’ $3.7-million tax bill

Amazon.com Inc.’s main U.K. unit paid $3.7-million (U.S.) of taxes on its 2012 income, it said on Wednesday, despite group UK sales of $6.5-billion, prompting criticism from lawmakers and competitors.

Amazon.co.uk Ltd. added in its accounts, published through the U.K. companies register, that it received £2.5-million ($3.8-million U.S.) in government grants during 2012 – just ahead of the £2.4-million it paid in corporation tax, the U.K. form of corporate income tax.

Corporate tax avoidance has risen to the top of the political agenda in Europe following revelations in the past couple of years about how little big names like Apple Inc., Starbucks, Google and Microsoft pay in tax in markets where they reap billions of dollars in sales.

The companies say they follow the rules but U.K. Prime Minister David Cameron has called for international action on the shifting of profits, which can help firms cut tax bills. Continue reading

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Filed under Barbados, Barbados Tourism, Business, Business & Banking, Economy

An Alien in my own Barbados

“I know there are many like myself who cannot find work (because we are over-educated). It’s really ironic. Tell me what do we do? Join the guys on the block? Put on ski mask and rob the banks? Turn to the world of prostitution?  Sell Cornwell? Tell me for I have run out of answers!”

Unemployment gets me down

by a BFP reader

For almost a year now I have been for lack of a better word ‘forced’ to listen to Down to Brass Tacks, although I must confess that at most times I do enjoy the lively exchanges between the public and moderators. I use the word forced because after almost a year I cannot find a decent job in my county Barbados and had to content myself with staying at home listening to Down To Brass Tacks.

I heard it was mentioned more that once on Down to Brass Tacks about persons complaining that they can’t find work. The moderator even suggests work is out there and persons really do not want to work.  I totally disagree with what is being said because there are some of us who would like to be given the opportunity to prove our worth.

Take my situation for instance; young ambitious, versatile and a self starter who studied up to tertiary level. I have vast work experience from banking to clerical officer and manager. I even owned my own business but due to the recession and problems I encountered was forced to close the doors on that.

After this I searched high and low for employment and even accepted one job that was not to my standards. A job is supposed to be a job or so they say, but I beg to differ. After some frustrations on the job I decided that Barbados seemed to have nothing to offer me. I left this island and spent some time in two other countries (Grand Caymans and Anguilla) seeking work. I did not receive work in these countries because of work permit issues. They said that due to the recession times they were offering the work to the locals first, which is understandable.  I must add that these countries saw me as highly qualified – unlike my own country. (I believe the saying, that you cannot be a king in your own country.)

I returned home and have been seeking work for months. I have been to about 50 interviews; I am not joking. I have written over 100 job applications, called around every day to places and still have had no success. At the interviews I attended I was told that I was over-qualified or I just had no response. This caused me to wonder what I had done incorrectly. I even wrote back to some of these companies asking for opinions as to why I did not get these jobs and some responded that I had no experience in those areas I applied for.

Allow me to read this letter to you. It is the latest response I received for a position I saw advertised in our newspaper. Continue reading

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Filed under Barbados, Business, Economy, Education

Loveridge: One politician’s verbal diarrhea about the Barbados tourism industry

Let’s play… Name that politician!

by Adrian Loveridge, small hotel owner

Debate, whether it takes place in the Upper House, Elected Chamber or through the various forms of media, demonstrates the presence of a healthy democracy, but unless its informed, does it really have any meaningful relevance?

Sometimes you have to stop and think exactly why certain people utter particular things and the timing of those comments. Ultimately they either believe what they saying is credible and truthful or have become a victim of a sudden and virulent attack of verbal diarrhea. Perhaps what is also so surprising, is why at this time, with a general election constitutionally due in less than a year, would a person voice such controversial words?

Does he feel that his party has no realistic possibility of being re-elected, so it doesn’t really matter if you alienate those generating your single largest contributing sector of foreign exchange? Even from someone who has a long track record of expressing often outrageous  and incredulous statements, frequently from a place of rare privilege, this particular verbatim quote must take the biscuit.

The claim was that ‘the private (tourism) sector was 98 per cent profit and 2 per cent social obligation’.

If it wasn’t so grossly insulting and inaccurate, perhaps many of us could excuse it as another puff of political hot air, but the phrase is so critical to the lack of understanding of this industry, it is frightening.

Whatever your partisan leanings, I sincerely believe the private sector has done an extraordinary job of trying to support Government in their attempt to protect employment and these ill-advised words simply slap those in the face that have defied almost insurmountable odds to stay in business. This despite the current administration’s policy of imposing unbudgeted increases in taxation, that without doubt have contributed substantially to the erosion of any possible profits.

Perhaps a wise undertaking might have been, before giving the impression that he actually knew something about the subject discussed, would be to check, which if any, of our remaining hotels had declared any corporation tax liability. At least this might have indicated a realist level of profitability.

Or did this person not hear the remarks made by the President of the Barbados Bankers Association a few weeks ago, where he stated that a staggering 43 per cent of all non performing loans were tourism related.

Sadly, this is another classic example of the increasing use of square pegs in round holes, and will do nothing to endear the thousands of Barbadians dependent on tourism to feed their families, and who may be less forgiving at the ballot box.

Not everyone of course can be an ‘expert’, but if you are clearly deficient on the subject in question, at least do your homework before engaging the mouth into gear. This is not the time for bluster and bravado, but surely to galvanise all the very best players, who can make a positive difference.

We all welcome constructive criticism, but let is be based on fact rather than conjecture.

Then finally, ask yourself a simple question, if owning and operating hotels was all about ‘98 per cent profit’, then why would over 30 of them have closed during the last 16 years?

Editor’s note: This article was printed as received from Mr. Loveridge with the exception of the title and subtitle that were added by Barbados Free Press. BFP also changed some of the paragraph breaks, punctuation and spelling.

And yes, it was Senator Jepter Ince who just can’t seem to get it through his thick head that being elected doesn’t mean you can spout off on anything without doing your homework – and not look like a fool.

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Filed under Barbados, Barbados Tourism, Business

Police, court, DPP abuse of witnesses and victims – one man’s horrific experience

“We have, so far, over a period of four and a half years, attended the Magistrates Court for the preliminary trial a total of 21 times. It is impossible to offer a guess as to when this case will exit the Magistrates Court to the High Court, and how many more years it will spend there.”

by Trevor Kent

Kent Construction Ltd.

Charles Leacock, Barbados Director of Public Prosecutions

In The Nation on Friday May 25 was an article DPP: Stop hiding white collar crime, in which Director of Public Prosecutions, Charles Leacock, reportedly lamented the low level of reporting by business of what is known as “white collar crime”. His take on this situation was that businesses, especially, it seems, commercial banks, have been afraid of bad publicity and thus prefer to cover up malfeasance within their operations. He urges that this practice must stop, saying, as reported in the newspaper, that “the low level of prosecutions and investigations [is] symptomatic of the fact that there is also a low level of reporting”.

I have to admit to being surprised by these reported comments, based on my Company’s experiences with reporting substantial white collar thefts by on of our employees, carried out systematically over almost seven years. After assisting with a very long, drawn out Police Fraud Squad investigation, we were informed by letter that the DPP had directed that only a fraction of the thefts for which we provide hard evidence should  be investigated, to save police time. How does that square with the stated fact of “a low level of investigations”?

Then, we have, so far, over a period of four and a half years, attended the Magistrates Court for the preliminary trial a total of 21 times. It is impossible to offer a guess as to when this case will exit the Magistrates Court to the High Court, and how many more years it will spend there.

I would thus submit that the reason companies elect not to report similar crimes is that they do not with to face the frustration of dealing with the slow Police investigation requiring numerous hand-written statements etc. followed by hundreds of hours of wasted employee time, sitting at a Magistrate’s court that often starts up to one and a half hours late, and then accomplishes very little before adjourning for the day.

The whole process then has to be repeated at the High Court, in front of Judge and Jury.

By the time a matter has gone through the Magistrates Court, and the High Court, many years will have elapsed, witnesses may have retired or died, and companies have lost many thousands of dollars in employee time, in addition to the original loss. Even if the accused is convicted, sentences are often little more than a slap on the wrist, as pleas of “first time offender” (although there may be numerous episodes relating to the same trial) are accepted by the courts. Companies thus decide, as in one case I am aware of where the owners simply sold the company and relocated overseas, to swallow the loss, leaving the perpetrator to continue stealing at another company, as often happens.

The legal trial system in Barbados is seriously time-flawed, if not broken, and in fact some of the laws are flawed also. In our case, the bank, after cashing over 300 “third-party” company cheques during the stated period, without once questioning the legitimacy of these transactions, either with the presenter or with the Company itself, was able to hide behind the Banking Act that apparently does not require ID and authorization from the payee to whom the cheque was signed in good faith by a Company director. Amazing really, when one considers that the local Post Office requires such confirmation before delivering mail to a person claiming to represent someone else. The bank has refused to engage with us at any level (despite firm written promises at the highest level) and our expert legal advice is that, whilst we are not without precedent in seeking redress through the courts, the process could well take six or seven years, and even longer on appeal… not to mention hundreds of thousands of dollars in legal fees. Continue reading

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Filed under Barbados, Business, Crime & Law, Police

Barbados wants to know about the Organo Gold legal fight

A Caution to my fellow Barbadians

by Barbados Free Press reader “T.C.”

Many of you have lost your jobs or seen your hours cut back like I have. Money is scarce and you can see and feel how hard life is at this moment just by looking at your friends and neighbours.

Be very careful as you look for new opportunities because there are many predators who know of your desperation. They guarantee you a job in some far off place if you’ll send them money. They tell you a fortune awaits if you’ll send them money. They have knowledge of a system and they will share that knowledge if you’ll send them money.

I read the book “BLINK” by Malcolm Gladwell and I learned what I already knew: Our “snap judgements” are usually correct even if we can’t always put into words why we immediately thought as we did when we first saw something, met a new person or heard an idea.

What does your snap judgement and gut feeling tell you about Organo Gold?

Did you receive this TellBarbados email? (click photo for large)

Almost ten thousand people received the Tell Barbados marketing email about Organo Gold “Professional Independent Distributors Needed”. (click on photo at left for a large image) I was interested in making some money because I’m getting cut back on hours at work so I started looking into the Organo Gold coffee products and business on the internet. This is ‘healthy’ coffee that has or is supposed to have some health-promoting plant ingredients. That is the brand’s claim anyway. It is a multi-level marketing scheme, not that I’m saying that is a bad or good thing except everybody has seen friends try things like this and a few months later you never hear about it anymore. Some people can probably make good money selling anything, but that’s not me.

The Lawsuit

After a few hours on the internet I am no further ahead trying to discover if this is a proper opportunity or a scam. There is a lawsuit filed some time ago by one of the originators of the Organo Gold company named Jay Noland. He or someone taking his side put up a website where you can listen to long rather boring recordings of Jay Noland making accusations against his old partners still at Organo Gold.

Mr. Noland makes serious allegations about the company and says that Organo Gold changed the ingredients of the product without telling anyone. Continue reading

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Filed under Barbados, Business, Consumer Issues