Is Punta Perla in the Domincian Republic one BIG scam? (Update 8)
Important Information update to this 5 months old article -Click hereto read about the new website established under puntaperla.org - Who is that ghost with a Euro 300 per month office address in Madrid?
BREAKING NEWS! Arrest warrant on Ricardo Miranda Miret and proff of transfers of investors funds!
This news was realesed Yesterday (August 6th) by the Spanish lawyer Antonio who represent a large group of investors defrauded by Ricardo Miranda's projects. Bank statemements are now published to proof large amounts of money transfers. (This is the unsecured deposits from investors which has been distributed between companies close to Ricardo Miranda!) - Read the full article from Antonio and see the statments here-
NOW THE MOMENT OF TRUTH HAS ARRIVED, IT'S TIME FOR INVESTORS TO MAKE A UNITED FRONT AGAINST RICARDO!
However don't expect to get your money back before a claim has been registered on the land owned by Paraiso Tropical - Thats why Dominican Watchdog from day one asked "Where is the money?", and why was no escrow account established to protect investors in Punta Perla and all the other failed Ricardo Miranda Miret developments?
"....... there is sufficient evidence to consider criminal prosecution against Ricardo Miranda Miret, the director of the company at the time (and still is) and its shareholders Rosa María Prado Rubio and Javier Espinosa"
"If one reads the article and analyses how the whole plan was concocted, it seems clear that there was not the slightest intention to build and sell 395 units in Estepona by either Sungolf Desarrollo Inmobiliario S.A or OVP, respectively, but just to extract €30 million to buy into the Dominican Republic Punta Perla development, which makes this a massive swindle equivalent in size to the Fortuna Land scam although with an international component"
It looks like the presure from angry investors who lost money on the other Ricardo Miranda projects is building up from around the world. Lawbird and CostaLuz in Spain has together more than 20 pending cases against Sungolf and OVP. A group of Irish investors who have invested in both Estapona and Punta Perla is preparing a massive law suit against Ricardo Miranda.
Dominican Watchdog has received copies of emails from Pellerano Herrera and Guzman in the Dominican Republic. One thing is clear from these emails. Mark Andrews post about the land being without mortgage and free of any liens is NOT true! Furthermore the law firm can only confirm that Paraiso Tropical has just under 2,5 Million M2 of land and not the 10 Million as advertised. Dominican Watchdog is still waiting to see the proclaimed valuation of USD 2 Billion from the Dominican National Bank which Mark Andrews claims to have seen.
Here is a part of the email from Wed, 5 May, 2010 0:30:07 :
...............Regarding the matter of reference we have conducted an informal investigation on the lots as the only assets indentified in the Dominican Republic under the control and property of Paraiso Tropical, S.A.
In that sense, parcel No.67-B-20, D.C. 11/3ra. with an extension of 94Has., 23As. and 10Cas, and Parcel No. 67-B-18. D.C. 11/3ra. with an extension of 09Has., 96As. and 07Cas, by ruling from the Land Court, have been merged into one piece of land under Title Deed number 1000018253, with an extension of 2,429,299.50 Meters Square, property of Paraiso Tropical, S. A. and are affected by the following liens, oppositions and litigation:
a. First Mortgage on behalf of Inversiones Mijarma, S. A. of USD$15,000,000.00
b. Opposition on behalf of Oscar Rachell Domínguez.
c. Notification of Real State Litigation on behalf of the Land Court according to official letter of August, 13th, 2007 Notification of Real State Litigation on behalf of Carlos Sánchez, Andrés Liester Martínez, Inversiones CCF, S. A., Chesley Investment, S. A., Internacional de Valores, S. A., Boreal S. A., Centros Comerciales Dominicanos, S.A. and Adzer Bienes Raíces, S. A., according to notification of December, 09th, 2009................
end of email from Domincian law firm
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ATTENTION:
Yesterday MAY 5th 2010, Dominican Watchdog sent an email to Nuria Piera for an explanation about why her webcast about Punta Perla was removed from her website after 9 days of showing. In the interest of international consumers protection and until escrow accounts has been established for Punta Perla consumer warnings from national and international media is required.
Original article of July 2009:
Despite our letter to the responsiable behind the Punta Perla real estate development over 6 weeks ago has Dominican Watchdog not received any anwser to all our questions so we must advice that you do not invest in that project.
Here is a copy of our letter to the Punta Perla management. Please note that; HRH Prince Albert of Monaco is not as earlier proclaimed an investor in the Punta Perla real estate development project - See this link
The letter of MAY 12, 2009 was based on the fact that Dominican Watchdog has received a large amount of email from worried investors in Punta Perla, Punta Cana, Dominican Republic.
Please update me on the repeatedly postponed real estate development Punta Perla - investors are anxious to know the truth! I understand you are the person responsible for investor relations?
The official websites for www.puntaperla.com and www.puntaperlasales.com are both CLOSED!
Please make sure this email also reach Mr. Ricardo Miranda Miret , because I can not find contact details for him. Mr Miranda is extremely well known for leaving a lot of investors stranded in Spain. He has now unveiled a "new" development; Punta Perla with Prince Albert of Monaco in the Dominican Republic. Mr. Miranda also claims he returned the money to OceanView according to this article below. Dominican Watchdog has many questions for Mr Miranda!
The Official Receiver is conducting an investigation into the collapse of Oceanview Properties International Ltd, and a letter to creditors has been sent out with a request for all relevant information.
Staffordshire Police, the Serious Fraud Office and the City of London Police have been working closely with the Insolvency Service in respect of allegations made concerning the activities of the company and its officers. Further meetings between these agencies have been scheduled to review the findings and consider any evidence of criminal conduct within the UK.
Any creditor wishing to register their claim with the Insolvency Service should provide their details prior to the creditors meeting to be held on 5 June 2009.
They can do this either in writing to The Case Administrator, The Insolvency Service, Public Interest Unit (North), 3 Piccadilly Place, London Road, Manchester, M1 3BN, or by ringing 0161 234 8469 or by e-mailing piu.north@insolvency.gsi.gov.uk
In addition Dominican Watchdog has contacted www.emergingearth.com as they are still advertising the Punta Perla project on their website, despite the fact that not a single home has yet been build three years into the sale of the project. Emerging Earth is also mentioned in this document filed with the authorities in Canada against Paradiso Tropical SA and Mr. Ricardo Miranda: http://www.cudicbc.ca/pdf/enforcement/restate/redma20080514.pdf
Furthermore, I have researched more than 400 articles form the internet. The reading is NOT in favor of the Punta Perla development. I hope you have requisite news for all the investors?
Just one small quote among almost thousand in the singingpig forum: "i invested in punta perla and he stole over 250 thousand dollars from me. i contacted the F.B.I. and so far no luck. he scams 1000 investors, any one have any idea how and what to do. have a lawyer but i think all money is gone"
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