Tag Archives: Real Estate scams

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

Barbados Bar Association blames public for choosing crooked lawyers “at random”

President Leslie Haynes cautions public to avoid lawyers with “cash flow problems”, and to ignore recommendations of friends.

Barbados Bar Association website recommends lawyers who have been caught stealing from clients!

The President of the Barbados Bar Association vented at the public on Saturday while appearing at a seminar on conveyancing. When asked about the high number of lawyers lately charged with misappropriating clients’ money, Leslie “blame the victims” Haynes said that Barbadians “have to stop picking a lawyer at random or choosing one simply because a friend suggested a name.”

So it is the fault of the chickens for not knowing which mongoose will eat them. Or, more properly, the fault of honest Barbadians for not knowing which lawyers are dishonest.

The Barbados Bar Association does not provide a list of lawyers who have been disciplined or took money then paid it back when caught. Why not?

Shocker!

Astoundingly, BBA President Haynes also predicted that more Barbados lawyers will misappropriate their clients’ money because times are tough… Continue reading

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

Another Barbados lawyer buys his way out of criminal charges. A system rotten to the core.

Attorney Alvin David Bryan wouldn’t look at camera.

Three Lessons:

1. No deterrent for the next thief lawyer.
2. Bajan lawyers cover up for their own.
3. Foreign investors and real estate buyers who live overseas are still nothing more than victims-in-waiting for Barbados lawyers.

All that talk by the justice system and the Barbados Bar Association about cleaning up the legal profession is just so much talk. You need look no further than the latest case where Attorney Alvin David Bryan (also called David Alvin Bryan) was charged multiple crimes for stealing over $226,000 from TWO different clients over a long period. At least one of the victims was a foreign investor living over and away.

After being criminally charged, lawyer Bryan paid the money back to the victims and walked a free man. That’s the normal penalty when a lawyer is caught thieving in Barbados: they have to pay back the money and then they can continue to practice law.

One law for the lawyers, and another for the rest of us. Continue reading

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