Tag Archives: Harlequin Buccament Bay Resort

David Ames running from the courts: Percival Stewart v Harlequin Properties

David Ames - Harlequin's Ponzi King

David Ames – Harlequin’s Ponzi King

Both Affidavits can’t be true!

Some interesting reading from a recent court case [March 2015] in St Vincent where Dave Ames is no stranger to litigation.

Percival Stewart v Harlequin Properties (Caribbean) Limited et al

In this case  on Page 4 the judge rules on the audacious delays by Ames in filing statements…

“Mr Commissiong deposes that Mr Ames lives in England and travels a lot globally making it difficult for him to be in Saint Vincent to testify. Implicit in Mr Commissiong’s averments is the notion that for those reasons, it was impossible or extremely difficult to contact Mr Ames, receive instructions from him, or arrange for him to sign a witness statement. I make the observation that the CPR permits a party to file and serve a witness summary if he is not able to provide a witness statement, and that a witness does not need to be in the jurisdiction to sign or attest either document.”

(download court document pdf here)

Now this is totally the opposite of what lawyers and Ames claimed last October 2014 (in the group of 33 investors failed case) when the judge was told that the company was NOT run from Essex. (See Judge rules against Harlequin investors in £1.8m court case)

“The case did not centre on whether or not the investors were owed money, a point which deputy judge Nicolas Strauss QC noted ‘does not appear to be in dispute’. Instead it focussed on whether a UK court could wind up Buccament Bay, given that the company was incorporated in Saint Vincent and the Grenadines.

While the investments were sold through Essex-based Harlequin Management Services (South East), which filed for administration in April 2013, Strauss ruled that Harlequin’s ventures including Buccament Bay were not run with ‘bird’s eye management from Essex’. He agreed that they were largely managed in Saint Vincent and the Grenadines and therefore this was the correct jurisdiction to apply for a winding up petition.”

The fact that Mr Commissiong’s claim that Ames couldn’t possibly find the time to be in St Vincent for the Stewart case makes a complete nonsense of Ames’ submission to the UK court that the Harlequin business was entirely run from the Caribbean and therefore the UK court’s jurisdiction does not apply.

Quite obviously both Affidavits cannot be true and both evade bringing Harlequin and Ames to account.

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

Sales persons are liable for Harlequin pension losses!

Harlequin Resort

Oh boy!

“Financial advisers who recommended clients switch their pensions into self-invested schemes heavily exposed to investments being marketed by embattled overseas property group Harlequin are legally liable for losses, the Financial Services Compensation Scheme confirmed…”

… from the Financial Times article Advisers are liable for Harlequin pension transfer losses

Yup…

Do them. Do them all. Lead them away in handcuffs and beat them on the way to jail.

Lives ruined. Pensions devoured.

Barbados politicians played a pivotal role as enablers for David Ames and his gang. Do them all.

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

The Bridges of St. Vincent: Unnecessary deaths and destruction likely to continue.

Christmas 2013: Body bags are the natural result of building on flood plains and failing to clear bridge obstructions.

Christmas 2013: Body bags are the natural result of building on flood plains and failing to clear bridge obstructions.

The future is as dark as the silt-laden waters

by Peter Binose

(Photo courtesy of I-Witness News)

The 3rd Duke of Bridgewater and perhaps even Isambard Kingdom Brunel would turn in their graves if they could see how the Unity Labour Party have neglected our little island’s waterways and bridges to the extent that bridges are destroyed on a regular basis.

It’s ever so simple to comprehend really – streams, rivers and tributaries have to be kept clear of obstructions and siltation on a very regular basis. If this procedure is neglected even for one season,  flooding will ensue which will cause river bank and bridge damage, if not total loss of bridges. Everyone with half a brain knows that, but obviously not the ULP leadership.

Over the last fourteen years just about every bridge on our tiny island of Saint Vincent has suffered serious damage. The rivers are allowed to collect tree trunks and roots and other debris and rubbish without regular round the year maintenance and clearance by teams of work men clearing and burning such vegetation waste. When it rains heavy this debris floats down river and blocks under bridges.

Of course the silt level under bridges is allowed to grow to such an extent that between the debris and the silt, an effective dam is created.

When the silt and debris effectively blocks the water flow under the bridge the water builds up to an enormous pressure that damages the bridge and attached road. The sudden release of a large volume of water rushes down river taking with it the next bridge, if there is one, where the bridge dam sequence and sudden release is repeated on a magnified basis, also taking river banks on its way. Eventually this torrent overflows into the ancient flood plains as has happened for hundreds of thousands of years.  Continue reading

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Filed under Building Collapse, Disaster, St. Vincent and the Grenadines

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

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

SVG High Court Registrar resigns suddenly – rumours flying about Harlequin connection

File this under “Breaking News… or Rumour?”

I-Witness News in St. Vincent and the Grenadines is reporting that the High Court Registrar (Tamara Marks) didn’t show up for work this morning (Friday 23 May 2014), and that she resigned.

BFP’s own source says it is rumour at the court that it has something to do with the Harlequin mess. Take that with a big chunk of sea salt, okay?

Registrar Tamara Marks is wife of former senator for the ruling Unity Labour Party, lawyer Ronald “Ronnie” Marks, who was himself arrested in 2013 in New York City for assaulting a police officer. Those charges were thrown out of court and Marks said he would sue the NYPD.

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Filed under Crime & Law