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….