The accused of defrauding about 100 Irish families says he had no relationship with clients

Who is financing Ricardo's lifestyle today?, the investors he never met.....

Who is financing Ricardo's lifestyle today?, the investors he never met.....

Nothing interesting happened in the court room in Madrid on December 21,2011.

Like Dominican Watchdog wrote one year ago, then the reason Ricardo Miranda will not meet with investors is because he will say “I never did that” or “I never signed that” and “I have never met that person in my life!” and that’s exactly what happened in Madrid he said I never had a relationship with customers, either physically or in writing”

Ricardo simply told the judge that he had never met any of his investors! That he is as clean as snow….. and that a piece of land was used as guarantee towards investors. The judge told Ricardo to bring documentation, so let’s see what happens next…..

Dominican Watchdog has only two comments:

Who is financing Ricardo’s lifestyle today? All the investors he never met….?

The land placed as guarantee is not worth 10% in today’s market. Roco Ki has closed their doors and Cap Cana will probably soon follow! There simply is no interest in over priced resort developments in Dominican Republic. These buyers like  more developed places like St. Barts or Barbados….

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4 thoughts on “The accused of defrauding about 100 Irish families says he had no relationship with clients

  1. until all partys come together he will continue to peddle lies
    estepona beach
    he claims he was the builder not the developer prove it contracts say different
    he says he returned all client money to ocean view prove it bank accts say different
    punta perla
    he says he will sell a piece of land to refund investors if it is not built by 2013
    prove you own the land because the cadestral plan and independant legal searches show pariasso tropical only owns a fraction of what he says it owns and that is subject to a lien by mortgage and law suit by carlos sanches
    morocco
    the goverment in morocco have confirmed there is no project but still you do not refund over 2 million to clients who paid you directly

    • HI, we invested in Punta Perla .A law firm in England are offering class action at a high price. I have asked if he is solvent. You can contact me

  2. Totally fleeced by this guy and OVP ended up skint in UK and in debt but time will tell these guys think this will go away only when all the legal options are fully utilised. UK police have gone quiet.
    J K Smith and all the other directors of OVP high salaries dividends and funds sent to Ricardo this is were they hope the trail will stop . Step by step they have got past a few major hurdles folding OVP was easy after they stripped it . Police investigation then now cases in Spain.
    Then they can share the loot later 33 milion deposits Estepona alone !
    Really think again folks we will never quit or give up we lost everything we have no option but to continue until we get justice.

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