Category Archives: Offshore Investments

Harlequin’s H Hotel: Latest photos of an eyesore that spoils Barbados

Harlequin Barbados Disaster 39

Harlequin Barbados Disaster 500

by St George’s Dragon

As promised I went to take a few photos of the Harlequin H Hotel today.

The site has obviously suffered less than Merricks, presumably because it is in a more populated area. It looks as though it was secure until fairly recently, although when I went it was possible to walk straight in from the boardwalk side of the site as someone has ripped the site hoarding door off its hinges.

There are still a few items of plant and materials on site, although nothing of any great value.

Such a shame. So many people have lost money just to create an eyesore that spoils Barbados.

A lovely view for the tourists from the beach boardwalk!

A lovely view for the tourists from the beach and boardwalk! Click photo for larger view.

Editor’s Note: The exposed rebar is salt-drenched and rusted, with salt-laden water dripping down into the concrete. How long before no self-respecting structural engineer would approve further work? Has that time already arrived? Do we have an architects or engineers out there to comment?

More Photos… 
Continue reading

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Filed under Barbados, Barbados Tourism, Disaster, Economy, Environment, Offshore Investments

Harlequin’s Merricks Resort “a rotting garbage dump – a liability not an asset”

Merricks Barbados Harlequin Bankruptcy 14Merricks Barbados Harlequin Bankruptcy 12

Why didn’t Barbados obtain completion guarantees backed with performance deposits and bonds?

Our political class, along with Harlequin and other developers, left Bajans holding the bag!

by Old Cutter

What a mess we have with abandoned and “on hold” construction sites and failed projects throughout this country. There is a reason for this and it is not “economic slowdowns” or “unforeseen circumstances”.

“We have these numerous failed project disasters littering our coasts because our DLP and BLP governments allowed unfettered development of our beautiful island by almost anyone that showed up.”

Politicians’ offshore accounts are fat and happy

Our elected representatives stuffed bags of cash into offshore accounts of their “consulting” companies but never acted to protect Barbados from shaky developers.

Our political class never imposed standard contract conditions like performance guarantees and deposits. The big developers hired DLP and BLP friends and family as ‘consultants’ in exchange for building permissions.

“Everybody knows how this place works, and why the political class never voted for Integrity Legislation or assets declarations since Bajan independence almost 50 years ago.”

Harlequin Resorts is just one more failed developer, but they fell in a big way and are worth looking at closely…

As the broader Harlequin Resorts debacle carries on in the courts we see Harlequin suing accountants Wilkins Kennedy and WK countering with accusations of their own, and many other court battles in various stages.

Somewhere in all of that there is a book figure for the value of Harlequin’s assets, including the abandoned Merricks Resort site in Barbados.

Whatever that book figure is for Merricks Resort, a visit to the abandoned construction site reveals a rotting garbage dump that is undoubtedly far less of an asset due to the demolition and environmental cleanup that would be necessary prior to any new activity. Barbados Free Press covered this story a year and a half ago, and the deterioration is easy to see when we compare the photos then and now. Continue reading

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Filed under Barbados, Corruption, Economy, Offshore Investments, Political Corruption, Politics & Corruption

Bajan Poppets consider Al Barrack

Al Barrack Barbados

(Thanks to Bajan Poppets facebook)

Reason #275 why doing business with the Barbados Government like having a pet viper!

“Beware when you do business with the government of Barbados, because the court is the government and the government is the court.”

by Nevermind Kurt

by Nevermind Kurt

Remember Al Barrack? The Barbados government owes him BDS$77 million dollars plus for almost ten years, but won’t pay him.

Sure, Prime Minister Freundel Stuart promised to pay Al Barrack in November 2012, but Stuart lied pure and simple. The DLP government is really just waiting until Al Barrack dies. That’s the usual strategy of Bajan governments both DLP and BLP when the court orders the government to pay big damages or do something about a court judgement: just ignore the court order and wait until the poor bastard dies. Government squelches any effective news coverage through the expedient tactic of providing government advertising funds to local news media.

Hell, it’s worked since 1900 as a legal tactic to delay the court and to keep the press in line… so why shouldn’t the same tactic continue to work? It’s worked fine to handle Al Barrack so far!

Former PM Owen Arthur awarded "no tender" contract to Barrack.

PM Owen Arthur awarded “no tender” contract to Barrack.

You see, the BLP Owen Arthur government granted a $100 million dollar contract to Al Barrack to build a government office building – nevermind that Barrack had never done much more as a builder than to renovate some washrooms. (Okay, okay, that’s an exaggeration, but Al Barrack had never built anything remotely as large as the office building the BLP government contracted him for.)

Al Barrack reduced to this to try and have the government obey the court.

Al Barrack reduced to this to try and have the government obey the court. That’s Al dressed in white-face and carrying a placard sign. Poor bastard!

Oh… Did we mention that there was no tender?

That’s right folks, Barrack was simply awarded a 100 million dollar contract on the basis of his… what? His smile? His ability to sing? His reverse Al Jolson talents? (I’d walk a million miles for one of your smiles…) His Barbados Labour Party membership? (I choose #4… BLP membership!) Continue reading

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Filed under Barbados, Corruption, Ethics, Offshore Investments, Political Corruption, Politics, Politics & Corruption

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.

 

 

1,520 Comments

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

Harlequin house of cards continues to fall

Dave Ames Harlequin Ponzi

David Ames – Harlequin CEO and Ponzi Scheme King!

Where does one start when considering the sad tale of ‘investors’ who trusted their life savings with the predators working to sell never-to-be-constructed resort units for Harlequin?

These predators (called ‘financial advisors’) received 9 percent of the sale price off the top – and that came from the client’s 30 percent deposit! The clients were not told that about a third of their deposit was going as a sales commission, because that would have been an instant indication to most folks that something was terribly wrong.

Harlequin bastards. Most of the ‘financial advisors’ were unregulated, uninsured and totally unqualified. The ‘investment vehicles’ were different corporations in different countries – obviously created for the sake of confusion, hiding money and avoiding liabilities. Often Harlequin sold units on land that it did not own.

The scams could only have been pulled off with the cooperation of elected and appointed government officials in the different countries.

Harlequin’s ‘business model’ (I use the term with a rising anger) was totally unsustainable and is proof that the whole Harlequin scheme was an intended scam from the start. Like any Ponzi scheme, Harlequin collapsed because payments to previous investors relied upon finding sufficient new suckers to swindle. Once the cracks start to appear and new investors shy away, these types of frauds unravel very quickly.

And so it was, and is, with Harlequin…

UK Financial Ombudsman Service sides with Harlequin victims

The recent Financial Times Advisor article ‘Financial Ombudsman Service – FOS decision on Harlequin must be tip of iceberg‘ tells the story of the next chapter well. One of the profiting scam artists, Harris Knights, has been ordered to compensate a ripped off couple in full…

“… the ombudsman has ordered Harris Knights to take ownership of the Harlequin investment and compensate the couple in full.”

Thailand Court sides with Harlequin Victims   
Continue reading

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Filed under Barbados, Crime & Law, Offshore Investments, Real Estate

Canadian Court upholds Revenue Canada – disallows “Barbados Structure”, penalizes Canadian company’s use of offshore Barbados subsidiary.

canada_barbados_flag

 Marzen Artistic Aluminum Ltd. v. The Queen (2014 TCC 194)

I’m don’t know much about this kind of thing, but it doesn’t sound good for Barbados. According to our Google Alerts, the tax sector is abuzz with this latest Canadian ruling that runs 80 pages. (download the ruling here – PDF)

Comments from the cheap seats?

In a lengthy set of reasons, the Tax Court upheld all but a fraction of the CRA’s reassessment of the taxpayer, such reassessments having disallowed the deduction of approximately $7.1M of fees paid by the Canadian taxpayer to its Barbados subsidiary. The Court also upheld the imposition of a penalty under subsection 247(3) of the Act…

… from Dentons Tax Litigation blog: Marzen: Artistic Barbados tax plan defeated

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Filed under Barbados, Canada, Offshore Investments

Barbados Ministry of Tourism lacks a functional website. Like running a business without hanging up a sign.

Sometimes you just want to scream!

Adrian Loveridge - tourism expert, hotel owner

Adrian Loveridge – tourism expert, hotel owner

Should we as a sector or in fact a nation, be overly concerned that the Ministry of Tourism has not had a functional website for months?

In this time when both foreign and local investment is absolutely critical to upgrading existing plant and product, what sort of message are we sending when a default statement ‘This site is temporarily unavailable’ is the response that greets potential users of the portal?

For those non-nationals not familiar with how things work on Barbados it could also be the first point of reference and a vital source of information, including contact details for the Minister, Parliamentary and Permanent Secretary together with other heads of department that may facilitate any possible investor’s plans. It should also provide important links to other agencies, both public and private to help facilitate seamless access to enable informed decision making.

Frankly, from a prospective overseas investment perspective you are currently forced to plough through a multitude of websites. And that’s even assuming you actually know the names of the many agencies involved, which is highly unlikely unless you have intimate local knowledge.

If there was ever a legitimate call for a single ‘one-stop-shop’ then this is a prime example.  Continue reading

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Filed under Barbados, Barbados Tourism, Offshore Investments

CL Financial Directors tell Afra Raymond (and you) “Don’t worry. Relax. Have a rum.”

Leroy Parris and good friend Finance Minister Chris Sinckler share champagne

Leroy Parris and good friend Finance Minister Chris Sinckler share champagne

The contempt of the elites for the rule of law continues in the CL Financial scandal.

‘We’ the people sometimes forget the primary rules of island life:

  1. In any large scale fraud upon the public, initial Profits are privately owned by the elites who did the fraud. Later Losses are publicly owned.
  2. There will be zero accountability or transparency by the elites charged with “getting to the bottom of things”.
  3. No elite is ever charged with any crime, except if it is really necessary. In that event, the police are given marching orders and not enough time and resources to complete the task. The accused will be found ‘not guilty’ in a fair trial before a carefully selected judge.

“I’m sure there’s some good legal reason why High Court Justice Kaye Goodridge ordered the Barbados Police to put the CLICO criminal charges on hold. Always is some good legal reason for doing what is done.

It’s just that we predicted this months ago. Futures destroyed, pensions gone, lifetimes of work and savings stolen… and nobody will ever pay.

Nothing changes ’bout hey. Nothing. Ever. Changes.”

… from BFP’s Barbados court orders CLICO criminal charges stayed against Terrence Thornhill, Leroy Parris

And like we’ve said at BFP before, it’s a good thing that Prime Minister Thompson died before the public knew of his role in money laundering millions of CLICO dollars for his close friend Leroy Parris.

But still, there are those good citizens who keep pounding away at a corrupt system ruled by corrupt elites…

Afra Raymond is one of those good citizens looking for justice for us all.

See his email exchange showing how the caretaker CL Financial Directors duck, dodge and slide…

Afra Raymond: Compliance of CL Financial Directors with the Integrity in Public Life Act

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Filed under Barbados, Consumer Issues, Corruption, Crime & Law, Freedom Of Information, Offshore Investments, Trinidad and Tobago

Psssst… Want to buy Barbados residency status? Got US$2 million?

royal-westmoreland-barbados.jpg

I must have missed the changes to the law last year when the government decided to start openly selling Bajan residency, but we’ve been seeing a lot more rough men with Eastern European / Russian accents lately, haven’t we? Maybe this is something to do with it?

Wealthy Barbados Investors ‘Seek Special Permit Property’

Royal Westmoreland estate introduces special entry permit service to carry out paperwork for NHWIs buying property worth more than US$2million to qualify for the scheme.

There has been such a demand for special entry Barbados property-for-residency permits for wealthy investors that a top development has launched a special service to handle the paperwork for clients.

High-net-worth-individuals are seeking special entry permits that were introduced last year that allow buyers of properties worth US$2million or more to obtain residency status that includes their spouse and children.

The Royal Westmoreland estate, which has just announced another 200 luxury villas and a nine-hole golf course on the adjacent 210 acres of land, plus some larger plots, has seen rising demand for luxury homes from High-Net-Worth Individuals (NHWIs).

Additional planned private jet flights from Heathrow to Barbados by Royal Jet, owned by the Government of Abu Dhabi, is adding to the island’s appeal to wealthy investors, says Westmoreland.

A company spokesperson says, “There has been take up of the special entry permit and Royal Westmoreland has been introduced to a new business consultant service to carry out all the paperwork for the clients if they do not have the time themselves.”

… read the rest at OPP-Connect’s Wealthy Barbados Investors ‘Seek Special Permit Property’

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Filed under Barbados, Offshore Investments

Secret Harlequin Resort legal documents ‘found on London train’ – here they are!

Harlequin Fraud Office

Dear Barbados Free Press,

We were just coming of a train just outside London and we found a box of documents relating to “Due Diligence” of a company or companies called Harlequin, they appear to be developing resorts in the Caribbean so we feel this is probably a good place to show what we found, especially for anyone out there who might be interested in investing in Harlequin.

There are many files to upload so please bear with us.

This is a 70 page redacted interim intelligence report from Regulatory Legal Solicitors, it makes for pretty grim reading, we did not redact it, the documents are exactly as we found them on the train.

This is an interesting witness statement from Jim Baker contained in the due diligence documents apparently left on the train, by a guy who resembled Simon Terry, but it was dark so we could not be sure.

Seems to be a lot of people suing Dave and Carol Ames in the Courts in the UK, wonder why this was in the Due Diligence, Seems like Jim is saying that Harlequin are worth nothing.

Yours very truly,

Anonymous!

Editor’s Note

Okay, okay… we’re a little behind on things. Might have had a couple of lost nights in the tradition of Dick Van Dyke. (Loved him in Mary Poppins, nevermind the worst phony cockney accent in film history!) The “found on London train” comments and documents were all sent using one of those anonymous proxies, so we really have no way to tell who sent them to us or from what country.

We’ll upload the documents when we can below. We’ll do a few now and get to the rest in the morning right here…

Continue reading

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Filed under Barbados, Consumer Issues, Crime & Law, Offshore Investments, Real Estate, Uncategorized

Stop building on Buccament Bay flood plain – Death is coming again

Ricky Small cries for his dear wife Joselle, who was taken by the raging waters at Buccament Bay Resort.

Ricky Small cries for his dear wife Joselle, who was taken by the raging waters at Buccament Bay Resort.

by Peter Binose

The private housing development along the Buccament River, in fact beside the Buccament river in the flood plain, was going full speed when I visited last week. Express work is taking place on finishing about a dozen further units, with all stages in progress from start up on.

I walked with a family member of the land owners and builders, who told me the family is worried that they may be stopped from building. But he thought perhaps because of the relationship between them and the ULP leadership they had some considerable protection.

Considering the devastation caused by the December 2013 flooding it is unbelievable, perhaps even criminal, that the government has not stopped further building in an area which has been recorded as a disaster zone for centuries. The area is an ancient and modern floodplain, as shown by the follow records going back to 1876!  Continue reading

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Filed under Building Collapse, Disaster, Environment, Offshore Investments, Real Estate

Devaluation of the dollar may only be the beginning of the end

sinking ship barbados flag DLP

“In the Caribbean most of the leaders are old time Marxist-Leninists, who now like to describe themselves simply as socialists – because it hides the failure of those school boy idiotic idealist beliefs still held by a bundle of old rambling communists.”

Communist idiots!

by Peter Binose

We may all wake up one morning soon and find our EC dollars worth less, or even worthless – our savings and our buying power reduced. Our local pensions worth so much less, and our food bills and everything we buy costing so much more. They won’t tell you in advance in case it causes a run on the EC dollar, with people withdrawing and buying other currencies such as the US dollar etc.

The reason for devaluation will be because of the damage inflicted on the monetary system by Caribbean states that over-borrow and can’t afford to pay back those borrowings. If you consider Saint Vincent and the Grenadines, they borrowed so much money from their national bank and could not repay it that they had to sell the bank. If that bank had collapsed it would of caused the EC dollar to be damaged and would of certainly triggered the devaluation of the EC dollar.

Root causes will remain with us – because too much debt, vast regional financial imbalances, and high energy prices have actually grown worse because of fiscal ignorance, even fiscal duncemanship by the Prime Ministers.  Continue reading

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Filed under Barbados, CARICOM, Disaster, Economy, Offshore Investments, Political Corruption

Harlequin victim thanks BFP – “My prayers are with you…”

Charles Ponzi never worked for Harlequin... but he could have!

Charles Ponzi never worked for Harlequin… but he could have!

Dear BFP

My anonymous ID is one of those referred to in the Harlequin subpoena, but I always used an anonymous proxy.

Nonetheless, I’d be lying if I said I wasn’t fighting off an overwhelming fear of the consequences of them discovering my identity. Not because of the defamation threat; I see no issues with me proving what I said was true. I just could not stand by and watch the shameful lies, deception, bullying and propaganda being spouted from Ames and his conspirators. They misuse the courts to shut down any public criticism because they cannot continue to defraud people when information is flowing freely.

Too many peoples’ lives have been damaged in the Caribbean and UK. Many lives have been irreconcilably ruined. And the UK authorities just stand by, knowing what is happening, and let it continue to happen.

Barbados Free Press on WordPress has been the only major website which has continuously stood up to threat of litigation and enabled the reporting of the true Harlequin story to appear on internet search results despite Harlequin’s scatter gun litigation attack on the rest of the internet.

BFP and WordPress must have saved hundreds and maybe thousands of people from being ripped off and has given those who want to keep the real facts out there and alive a mainstream social media channel to communicate through.

Many thanks; my prayers are with you, me, and all the other contributors who had good reason to comment anonymously under the fear and threat created by Harlequin.

signed, A Harlequin victim and grateful BFP reader!

BFP Editor Robert replies…

Thanks for your prayers, friend.

And thanks to Matt Mullenweg and the WordPress gang for defending freedom of the press, freedom of speech and giving freedom a home.

Robert

490 Comments

Filed under Barbados, Crime & Law, Freedom Of The Press, Offshore Investments

Canadian banks unhappy with Caribbean investments and loans

Caribbean-bank-money_laundering

“Last year unemployment in Barbados stood at nearly 12%, but it the rate is forecast to rise to 15.6% in 2015, according to the IMF.”

According to the International Monetary Fund, RBC, CIBC and Bank of Nova Scotia are dominant players across the region with about 60% of total banking assets, almost as strong as their position in Canada. But are those players starting to question their enthusiasm in the face of the regions worrying economic malaise?

Canadian Imperial Bank of Commerce warned last week that it will take a $420-million charge to goodwill related to its subsidiary CIBC FirstCaribbean, which it blamed on “persistently challenging economic conditions and our current expectations for conditions going forward.”

With unemployment in the U.S. still stubbornly high, the middle class seems to be taking more modest holidays, with far fewer traveling to the Caribbean. The developed world is starting to recover from the turmoil but the numbers suggest that’s not the case in countries like Barbados and Jamaica.

… much more in the Financial Post: How the Caribbean is not so sunny anymore for Canadian banks

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Filed under Barbados, Business & Banking, Disaster, Economy, Offshore Investments

Harlequin Buccament Bay flood deaths caused by neglect, dereliction of duty?

Harlequin Buccament-floods-deaths

“Seeing as the government knew about the need to carry out river flood protection, why did they give Harlequin’s Buccament Bay Resort permission to build in a known flood plain on a river that required river bank flood defences installed?

Why did they approve of building private houses in a flood plain, next to a dangerous river requiring bank and river base restructuring and defences?

Why? Why? Can they tell us Why?

Why did they fail to install those defences?”

by Peter Binose

(Photo courtesy of I-Witness News)

Whilst researching the Christmas Buccament floods I discovered that both Ralph Gonsalves and Julian Francis as government ministers were both informed as early as 2001 that Buccament was likely to flood. They were instructed to carry out urgent river defenses but almost every year for about 13 years just got more and more reports on the matter. They had the reports done because the World Bank was paying for the reports, they cost us nothing. But after getting the reports they failed to act – and that failure to act proved to be fatal  for a number of people.

In some of the reports it is even quoted that Buccament is in a flood plain. As such they allowed new building in a flood plain next to a river that was almost certainly going to flood, and it did.

PM Ralph Gonsalves

PM Ralph Gonsalves

Remember the videos of Gonsalves walking through Buccament with tears in his eyes? Was that all an act? He must of been terrified that the people would find out that he was pre-warned and failed to act, thus being a direct contributor to the loss of all those poor people.

The piece below is something I have submitted to all the newspapers and online publications. We will have see if the SVG newspapers have the courage to publish what I have written, regardless of the fact that its all verifiable as the truth.

Buccament Bay flood deaths neglect, dereliction of duty or something worse?

On December 24 and 25, 2013, Saint Vincent & the Grenadines was hit by a low-level, high-impact trough system which caused severe infrastructure damage to the country. The trough brought high winds, torrential rains and floods. Local rainfall stations reported between 200mm and 310mm on the windward side of the island and 153.3mm in the leeward side of the island.

As a result of the disaster event, there were 11 confirmed deaths and 3 persons were never found. The final disaster assessment concluded: 77 homes were completely destroyed or severely damaged; approximately another 300 homes were damaged; and 500 people were displaced and housed in temporary shelters.

Since their first year in power there is unequivocal evidence that the Unity Labour Party [ULP] government have been fully aware of the vulnerability to serious flooding at Buccament and in other places. They were aware that Buccament is generally a flood plain area.  Their studies from 2001 to 2014 show just that. They have had thirteen years to put river defenses in at Buccament, but failed to do so. The Christmas 2013 Buccament flood tragedy occurred and lives were lost.

For thirteen years the government had dragged their feet and carried out numerous studies for Social Assessment Disaster Vulnerability Reduction Projects, at Buccament and elsewhere.

Here are some of the official references to studies regarding the flooding danger from Buccament river. From them it is most obvious that the government were fully aware of the dangers of doing nothing.  Continue reading

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Filed under Disaster, Government, Offshore Investments, Politics

Why no solution on the Graeme Hall Nature Sanctuary?

Barbados Graeme Hall Sluice Gate (click photo for large)

Deliberate destruction of a RAMSAR Treaty natural wetlands

The last mangrove swamp in Barbados is being deliberately destroyed by the Barbados government – so that private interests (read ‘friends of the ruling party’) can benefit financially by squeezing out the foreign philanthropist / owner and then developing the area into condominiums and industrial parks. This is not an unheard of scenario in Barbados, especially with agricultural lands and natural / scrub / coastal areas. It also is common for landowners to spend decades trying to re-classify agricultural and other natural lands for development, only to be refused time and time again.

Then some person will come along and offer just a little bit over the agricultural value and the discouraged and beaten owner will sell. A few weeks later, the land is approved for development and quickly resold for a hundred times what was paid. That is the real Barbados!

The only problem with the Graeme Hall swamp is that the owner, a Canadian philanthropist named Peter Allard, doesn’t want to develop the area: he wants to preserve this precious natural resource for the Bajan people. Earlier Allard volunteered to have the Graeme Hall Nature Sanctuary incorporated into a National Park. That didn’t work out when the greedy hands of career politicians wanted their cut or NO DEAL! Now that political elite is determined to have it all.

It might take more twenty more years for the cabals to get hold of what is probably the most valuable land on the south coast, but the elites think in generations and they know that there are other foreign chickens to pluck until that time arrives. The elites own the courts and the government, so they have plenty of time.  Continue reading

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Filed under Agriculture, Barbados, Barbados Tourism, Environment, Nature, Offshore Investments, Political Corruption, Wildlife

Letter to Trinidad & Tobago’s Registrar General – about fraudulent mortgages and fictitious deeds

Trinidad mortgage fraud

How did the Republic Bank let a mortgage under these circumstances?

Editor’s note: We received a copy of this email from an unverified person. Take everything with some salt, folks – but let’s have a look…

Dear Registrar,

I am writing to you in hopes that you can launch an investigation regarding the fraudulent mortgages and deeds that are registered in your data base.

The first is a deed of ascent, executed on 26Apr2006, by Carolyn Joefield with a deed # de200601162018.  It was verified on 05Aug 2010.

The second is a deed of conveyance executed on 24Jul2007, by Dexter James with a deed # de200703243051.  It was verified on 11Jan2008.

The last one is deed of conveyance executed 30Jan2009, by Evered Edwards with a deed # de200900680520.  Unfortunately, I do not have the date that this was verified for you.

“It is my belief that the following institutions willingly and knowingly used fictitious property descriptions and deeds of ascent and conveyance to acquire loans and steal property, my property included.”

It seems the 3 deeds mentioned above form part of an invisible estate that does not exist in reality, only on paper.  My question to the Registrar is, how did a Nyron Josefield, not Joefield, acquire a mortgage with Republic Bank using deed # 200601152018 on 19Oct2006?  The records clearly show that the deed that was used was only verified on 05Aug2010.  Continue reading

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Filed under Crime & Law, Offshore Investments, Real Estate, Trinidad and Tobago

Harlequin’s Matthew Ames guilty of ponzi scheme fraud. Will father David Ames be next?

Matthew David Ames FraudDave Ames Harlequin Ponzi

Throw away the key to Matt Ames’ cell…  Wait a minute, let’s use it one more time!

Kate’s brother – James Middleton, right, at the carbon trade exhibition in London October 2010

Kate’s brother – James Middleton, right, at the 2010 carbon trade exhibition. Matt Ames also oversaw Harlequin’s Buccament Bay

Ruined lives, pensions destroyed, homes lost. Suicides. Marriage breakups. Families falling apart as the work of a lifetime vanishes.

That is the legacy of Harlequin’s Matthew Ames, who was just convicted of fraud for running a ponzi scheme. Ames took £1.2million from the rich, from the poor, from widows and pipefitters. He was an equal opportunity swindler who dressed well, talked with such easy confidence that people immediately trusted him.

His product was topical, sexy in its own way: carbon credits, green investments, Forestry for Life. And didn’t he drive a Lamborghini? Wasn’t he also part of the Harlequin Resorts team? Isn’t his father successful? Just look at the people Matt Ames is seen with: Jack Charlton, and even James Middleton – brother of our future Queen.

“Out of the £1.6m that was invested across both companies, only £250,000 was ever returned to investors.

“The rest went directly into the pocket of Matthew Ames, funding his profligate spending habits.”

Ames used people with “impressive CVs” to promote Forestry for Life and give it a sense of legitimacy.

From Echo News Echo nabs £1 million fraudster

2,293 Comments

Filed under Barbados, Crime & Law, Economy, Offshore Investments