(article updated Oct 16, 2010) After many years of undocumented newsletters full of empty words from Eva Sotres in Punta Perla investor department, this great day of truth and real facts has finally arrived.
Pellerano & Herrera, by far biggest and most respected law firm in the Dominican Republic has issued their legal opinion to a group of angry investors in Punta Perla. And you should contact Ollie Reel who is heading this investors group to join in. You will find his email address on the top of the Paraiso Tropical/Punta Perla legal opinion.
Before I write more about the facts in this legal opinion, I like to make it clear that Ricardo Miranda Miret and his Poppet Show will probably come up with a lot of excuses or statements to place doubt in peoples minds, so will other idiots under anonymous names in singingpig or belegal.com. All this “Noise” is only done to try to derail and prevent a legal attack on Paraiso Tropical SA, Ricardo Miranda Miret and the rest of the board members in various countries.
All these promoters have never been able to attach a single fact or document to the spin they wrote to keep sales going! Sadly for many investors the private Ben Potter forum is not much better, its also full of useless spin with no documented facts! Most of this spin is supplied by Ricardo Miranda’s favorite poppet Mark Andrews(more about him later in this article).
At no given time during the last year has all the small and angry investors in Punta Perla been able to see or meet with Ricardo Miranda Miret despite the fact that many of them have taken the long journey to Madrid. At no given time during the last years newsletters has there been a personal statement from Ricardo Miranda Miret including a photo of him! At no given time during the last year has Punta Perla come forward with proof to the the spin they wrote. It has all been empty words, redesigned projects and opened and closed websites and sales companies! And there are hundreds of non legalized contracts out there waiting for a solution to this problems, because in the past five years nothing of value to these investors has been constructed by Ricardo Miranda in Punta Perla or any of his other fantasy developments in Spain and Morocco! Where are all these unsecured deposits today? Millions of Euro gone missing….
Punta Perla’s main problems:
1. There is no 10,000,000 m2 land in the name of Paraiso Tropical SA
2. There are lots of liens and ownership problems on the small Punta Perla land parcel.
Mark Andrews claims to have seen a land evaluation of 2 Billion Dollars from the National Bank of The Dominican Republic. That my dear friends doesn’t exist due to the above facts!
Mark Andrews has claimed to have seen a clean title with 10 million square meter land for the Punta Perla development. That my dear friends doesn’t exist either due to the above facts!
The legal opinion contradicts every post done by Mark Andrews, and now is the time to be worried!
Furthermore what this legal opinion doesn’t state is, that part of the Punta Perla apartments sold to investors might actually be located on land NOT belonging to Paraiso Tropical SA. A special group of people are currently working hard on mapping the exact development and its location onto the exact land parcels in the area. If this group manage to prove that they where sold apartments on land not belonging to Paraiso Tropical SA, then its all a simple case of fraud and Ricardo Miranda and his gang will soon end up where they belong, long time before all the cases of fraud from Spain and Morocco comes into motion!
Before anybody starts to discredit the law firm that did the legal opinion, there is a few facts from their website:
The show must go on, the President of the Dominican Republic, Leonel Fernandez and HRH Prince Albert of Monaco has not yet issued a statement that they are no longer supporting Punta Perla,and now a China connection has been added, herein lays the Illusion !!
Dominican Watchdog’s investigation and articles about Punta Perla and Ricardo Miranda Miret can be found here: Is Punta Perla One Big Scam? Where is the money….?
WAKE UP CALL!!!
Do not get fooled by the cancellation of the arrest warrant, that was a technicality due to the time frame that applies to foreigners and not Dominicans to come in front of a judge. The case against Paraiso Tropical SA and Ricardo Miranda Miret over the land deal is real, and will move forward despite this small clever move from RM’s lawyers. However due to the corrupted legal system in the Dominican Republic and the fact the President is involved, it will be impossible to determine the outcome, therefore the law firm didn’t comment on that case, but moved to the fact of starting a criminal case against Ricardo Miranda Miret!
Even with a large scale investor from China there is no guarantee that Punta Perla will ever be a commercial success for the small investors due to the following facts: Not a single property has been sold to any rich and important local family in the Dominican Republic. Howeveer these families have invested heavily into famous resort developments nearby which are now in trouble too. Investors in Cap Cana are not able to resell their units and the project is a ghost town today despite Billions of dollars invested. Roco Ki (partly backed by one of richest and most powerful Dominican families Vicini Group) has fired most employees and closed sales operations. Both Cap Cana and Roco Ki are located only a few miles from Punta Perla! So even with China money the future for Punta Perla doesn’t look good.
I have invested in the punta perla site. I bought it from Mark Andrews of Punta Perla Sales in the UK. I now find that this company has gone into liquidation along with Punta Perla Carribean where my money was transferred to. I have been in touch with a UK solicitor and would appreciate any information that you can send me.
Anyone else who have invested and who is as frustrated as me with the lack of Information from Eva Sortes can contact me on my email – Bewoodsy5@yahoo.co.uk