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#520957 - 01/17/17 07:27 AM Re: Puerto Azul Development [Re: Marty]  
Joined: Oct 1999
Posts: 52,988
Marty Offline
Marty  Offline


Development leader of Puerto Azul involved in major Ponzi Scheme

Puerto Azul, the proposed multi-million dollar tourism development within the Lighthouse Reef Atoll, has turned out to be nothing more than a ponzi scheme. On Tuesday, January 17th, media houses from Switzerland reported that Domenico Giannini, the man behind Puerto Azul, and Fabio La Rosa, had been arrested by financial police. According to reports, both men have extorted money from over 200 private investors under the name of the luxury development, Puerto Azul.

The arrest warrant was issued by the financiers of the Provincial Command of Varese against seven persons. Five were sent to prison while two remained under house arrest. Both Giannini and La Rosa were among those sent to prison. During the arrest, officers also confiscated over 18 million Euros in assets (26 properties, 27 land shares of 10 companies, 6 cars and 18 bank accounts). Over 20 searches were performed between the accused parties’ offices in Italy and Switzerland.

“The surveys, conducted by the military of the Tax Police of Varese under the direction of the Public Prosecutor of Busto Arsizio, with the coordination of the Deputy Public Prosecutor, Luigi Furno, have enabled, after a year of complex investigations, to unravel an international criminal organization, with bases in Italy, Luxembourg, Switzerland, the Caribbean and London , and dedicated to serious fraud, embezzlement, illegal financial and banking activities, abusive saving collection, obstructing supervisory functions, recycling information, self-laundering, falsification of documents, and impersonation,” stated La Provincia di Varese, a Swiss media house.

Swiss media house, Varese News reported that “they sold to unsuspecting citizens a dream project for the construction of a hotel complex of extra luxury “8 stars”, known as “Puerto Azul”. Investors had been made to believe that it was a luxurious resort to be built in a Caribbean atoll, off the coast of Belize.” Apparently the development was nothing more than a farce, as the entire project was just a means to commit fraud and embezzlement.

Reports are that even Hollywood stars who invested in the Puerto Azul development were caught up in the fraud. Celebrity investors like John Travolta and Andrea Bocelli were completely unaware of Giannini and La Rosa’s real plans, and were even used to promote the Puerto Azul concept. “The method employed by the association included the signing of contracts and artificial simulators (example of “real time sharing”), created in order to ensnare customers and induce investment , through transfers made on “bank accounts”, interposed between accounts of the organization (located in Switzerland, Luxembourg and Belize) and customer accounts, starting with the primary purpose of evading the supervision of credit institutions over its promoter’s mandated and customers portfolio location,” indicated La Provincia di Varese in their report.

Click here to read the rest of the article and see more photos in the San Pedro Sun


#521232 - 01/28/17 12:07 AM Re: Puerto Azul Development [Re: Marty]  
Joined: Oct 1999
Posts: 52,988
Marty Offline
Marty  Offline

PM Hangs Head On Puerto Azul



#521416 - 02/07/17 12:20 AM Re: Puerto Azul Development [Re: Marty]  
Joined: Oct 1999
Posts: 52,988
Marty Offline
Marty  Offline

Former Puerto Azul Investor Blows Whistle on Failed Project

Three weeks ago the controversial Puerto Azul project for a massive luxury resort and hotel complex in the Lighthouse Reef Atoll unravelled. Seven persons were arrested including chief developer Domenico Giannini, while nearly thirty-nine million Belize dollars in property and financial assets were seized. Belizean government officials have been scrambling to reassure the public that Belize has dodged the fallout from the unmasking of this billion-dollar scam and Ponzi scheme. But it has emerged that from the time of the 2014 Cannes Film Festival in France, where Ministers Manuel Heredia Junior and Erwin Contreras travelled for the grand launch along with other high profile personalities, Italian financial police had their suspicions. That is because a financial trader approached them after suffering threats and extortion over the project. Daniele Pistolesi, who signed up himself and others in the project, expecting to reap riches, says he has ended up with nothing, having lost his job and his home and is now under police protection. News Five spoke to Pistolesi today via telephone from Italy. He explains that some of the high-profile names originally tied to the failed project were still of the belief that Puerto Azul was real right up to the day it was exposed.

Reporter

“At any point did you have any contact with Belizean Government officials over Puerto Azul? Were you introduced to our Government officials – the Minister of Trade, the Minister of Tourism? Did you attend the party at the Cannes Film Festival?”

On the Phone: Daniele Pistolesi, Invested in Puerto Azul

“Okay; so Cannes Festival…I wasn’t present; because it was the time when there was a collaboration with the Guardia di Finanza, so I wasn’t present at Cannes. But Cannes was all a ?, all a joke; I think even John Travolta, even Mister (Andrea) Bocelli, even Rosario Dawson wasn’t – how I can say – cautioned to the Puerto Azul crowd. But if you see my Youtube channel, there is an interview of John Travolta on Italian television. Three days before the arrest of Mister Giannini and the crowd with Puerto Azul there is an interview where Mister Travolta speaks about his friendship with Mister Giannini and Doctor Gerald and he says I have the pleasure to fly to Belize and Puerto Azul; and this is strange for Italian police, okay. The position of John Travolta is strange.”

Channel 5


#521423 - 02/07/17 01:34 AM Re: Puerto Azul Development [Re: Marty]  
Joined: Oct 2003
Posts: 2,311
Katie Valk Offline
Katie Valk  Offline
The dopes were duped with $


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