“Dirty” Judge Removed in Madrid, Case Finally Moving Forward, Greater Chance for UK Investors To Recover Money

punta perlaFinally some good news to the defrauded investors in Punta Perla!!! After the “dirty” judge in Madrid was removed, then new judge called and heard both Ricardo Miranda and OVP in the court last month. He will call more people and seems to take the fraud case against Miranda, who never build as much as a sand castle in his whole life, very serious!

At the same time Dominican Watchdog has been contacted by defrauded investors who have won civil suits against Miranda and OVP. They have asked me to publish possible help for UK and Northern Ireland investors to recover parts of their lost investments through The Government Controlled Financial Services Compensation Scheme in UK

Possible Option for some to try to retrieve some of their deposits:

There may be another route that many of you based in UK and Ireland who bought in Punta Perla may be interested in , especially if you borrowed against your home i.e. remortgaged or used pension funds, etc to fund your deposits in the UK or Ireland.

Recently a guy from N.Ireland who bought in Punta perla and couldn’t afford to join any of the ongoing legal cases, as he couldn’t afford to shell out any more money, contacted Ollie and a few others with news of another option which over 40 investors in our group are pursuing at the minute in parallel with our case in Madrid.
He had a UK based Mortgage claims firm look into his case and it turned out that this firm had already represented a lady in a case against her introducers. This lady won a test case against the indemnity insurance of her introducers and because of this victory a precedent has been set for any future claims. Ie any of us who wants to make a claim

Here is part of the email sent from the firm explaining the case to us –

– Simon Green formerly of CAG Europe and now heading our legal action partner, Fountain Templar, has referred us to you and fellow investment victims.
We are now working with Simon to help victims of Ocean View Properties achieve some redress for their Spanish property investment losses.
We can do this now because of a major decision in the High Court where a final appeal was heard and the decision made in favour of the claimant. It involved a couple who were advised to obtain equity release from their home to invest in off plan Spanish property which went into liquidation leaving them with the debt and no way of repaying it. The 3 High Court appeal judges said that it was the improper advice and not its use which transgressed the law. That made in this case, the broker, his brokerage, their professional indemnity insurer and finally, as these parties no longer existed, the Financial Services Compensation Scheme liable to make good some or all of the losses. Unfortunately, the FSCS has a limit to pay compensation of £48,000.
We are now using this precedence to make claims in the UK for offshore investment losses where the funds were obtained through UK brokers and lenders making such borrowing subject to UK financial services laws.
There will be no up-front charge or direct costs to you as we and our legal partners are taking all cases of this kind on a no win no fee basis. That means the least you will get is 70% (with our success fee being 25% plus 5% VAT) of what we achieve in full and final settlement. We do not expect to get all your money back because there are statutory limits however, depending on whether it is the broker, the lender, the FSCS or the FoS deciding against the lender, we should help get a considerable amount back for you.
Please advise if this is of interest and if so how we can contact you by phone and in writing, especially your current address so that we can write to you with claims documentation.
Simon, my colleagues and I are available to talk about this at any time convenient to you.
Thanks and all the best
Kind Regards

Ben Parslow

The Mortgage Claims Bureau
> Direct Line: 01903 868251
> Phone: 0800 068 8402
> Email: ben@theclaimsbureau.co.uk

Just last week they sent a group of 5 representatives over to Ireland to meet over 40 of our group, over a three day period, to let everyone know about this other possible way to try and retrieve some of our money. The 40 plus investors who met them were very impressed by their plans and the whole process seems pretty straight forward.

The main thing for everyone was there are no up front fees , it is a completely no win ,no fee claim. They will only make money from the fee they charge at the end ie 25% plus 5% vat. Seems a big fee on their behalf but if any of us thought we could get 70% of our money back soon without having to pay anything out initially , we’d take their arm and all.
The main guy was called Micheal Coyne who basically said that anyone who was introduced by a broker / brokerage etc and was encouraged to take extra finance to cover their deposit would simply have to send them the details of who introduced them and where they got their finance from either mortgage, pension fund etc. and from this info they would proceed with the claim. Unlike our ongoing cases the claims would be settled between 6 months to a year at most.

This option is also available to any Uk investors in Punta Perla or any other development and it doesn’t matter who the introducer was ie doesn’t have to be OVP.

It was explained to our group that this claim in no way effects our current cases in Madrid and DR.

Micheal Coyne is aware that there is a large group of UK based investors who are Punta Perla investors and has already taken on a number of cases . He basically said that his firm could arrange to meet groups anywhere in the UK if they wanted to hear their plans He emailed us some background info to share with others who might be interested – see below

From the meetings it seems that these guys were fairly confident of success for many people.

Hopefully this option might help some people retrieve something back .

The best thing for anyone who feels they might have a claim is to contact these guys yourselves and then you ll be in a better position to know whether you might have a case.

Good luck

Contact details for Micheal Coyne are – or Ben Pardslow above

Michael Coyne
The Mortgage Claims Bureau Ltd

Direct Line 0203 2901 2747
Mobile 0780 1343627
Email: Michael@TheClaimsBureau.co.uk

Background Information

Can people claim themselves?
The potential loss for some of the brokers and networks is huge, and none of them will be queuing up to give that money back. We already have 8 claims on file where people have tried to do it themselves and failed. Worse still, most of them have negated their own claims by what they have said or written.

So, yes people can do it themselves. But putting in a claim against the wrong company could be the difference between a £50,000 payout and a £150,000 payout.

Most of these (big) companies treat any complaint from the general public with disregard. As a claims management company they realise they have to respond to us. A law firm has even more sway.

The FSCS were ordered in the High Court to pay out on the landmark case and they are not best pleased. It’s essential that FSCS applications have to be accurate and legally correct.

However, some people will want to claim themselves regardless of what anyone tells them.

Eligibility
The key legislation from the recent case was that the woman, whose case started it all – Charmaine Emptage- started with a small repayment mortgage that was switched to a large interest only mortgage for the express reason of investing in an off-plan Spanish Property. The closer we can get to that scenario the better.

Timings
Once we have all the paperwork in we request documents from the lender regarding the sale of the mortgage. The lender has a statutory 40 days to respond. But we can’t go back again unless they fail to deliver the specific documents we have asked for.

It takes about a week to 10 days to compile the claim – longer if we consult a barrister for the more complicated cases.

The company has to send us a final decision on the claim within 8 weeks.

If we have to go to FoS this can take a further 6 months.
The FSCS ‘seek’ to complete their investigations within 6 months. This is the way it used to be with PPI claims, but now they are down to 2 months.

Numbers:
The Financial Services Compensation Scheme was set up as a safety net for individuals claiming against regulated companies in the financial world who have gone bust. They have a big pot of money (far bigger than we could use up) collected from the Government and the banking/insurance industry.

They pay out a maximum of £50,000 per person per firm claimed against. So, up to £100,000 for a couple can be awarded.

We have already come across a couple who joined forces with a friend to buy a Punta Perla property. They arranged their mortgage and he arranged his. Each of them could get a maximum of £50,000 back.

The Financial Ombudsman Service can be asked to adjudicate when a claim is turned down by a company still trading. They have the power to order a company to pay up to £150,000 in compensation. Many OVP claims will be in excess of this so firms may opt to turn down the claim and wait for FoS to order them to pay the lesser amount.

Read More: Dominican Republic like to hide the fact, that foreign investors defrauded for more than a Billion dollars in Punta Cana area real estate

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CORRUPT COURT SCANDAL, Spanish judge handling the case didn’t tell that his own brother is directly linked to potential criminal activities in Punta Perla

Jose Emilio Coronado Ruz

Jose Emilio Coronado Ruz

For over a year we have waited for news about this case, and today it was taking an amazing turn thanks to very good work by the lawyers of the defrauded Irish investors. They have proved that the case was stalled by a probably corrupt judge. Hopefully those behind RICARDO MIRANDA’s worldwide fraud show involving ex president Leonel Fernandez and Prince Albert of Monaco, will finally see the inside of the jail.

HERE ARE THE FACTS and they are all over the Spanish press(see links below)

Letter from the lawyers handling the lawsuit one behalf of Ollie Reel’s investor group:

During our professional work and only recently we have found out that the Judge dealing with our criminal lawsuit in Madrid (Criminal Court number 16) against Ricardo Miranda and others, this is the Judge Mr. Jose Emilio Coronado Ruz is the brother of Ignacio Coronado Ruz who in the past was a partner, Secretary and even President of the board of Management of the Dominican Republic company “Paraíso Tropical S.A.” and who was as well the legal representative of the company “Inversiones C.C.F., S.A.”. The later sold its shares to the company “Punta Perla Caribbean, Golf Marina & Spa, S.A.” represented and operated by Ricardo Miranda Miret, who also transferred for the purchase of the shares the money obtained from your purchase in Malaga with “Estepona Beach”. All this is a business puzzle to commit offences. We have also recently found out that the brother of the Court, Ignacio Coronado Ruz is or was the straw man of one of the owners of “Paraiso Tropical S.A.,”, Andres Leitor and Carlos Sanchez, who are also involved in the famous MALAYA case for corruption in Marbella, and have been involved in legal cases with regards to the sale of shares of Punta Perlato Ricardo Miranda.
Ignacio Coronado Ruz was sued with regards to the inscription of the shares and for
tax fraud in Dominican Republic by Ricardo Miranda and his companies. Pursuant to Spanish Proceedings Law, one of the cases to recuse a Judge is that the Judge dealing with the case is the brother of one of the defendants. It is true that in our case the brother, Ignacio Coronado, hasn’t been sued by us but:1. Within our criminal lawsuit, we have sued the company “PARAISO TROPICAL S.A.” of the Dominican Republic and its legal representatives (we didn’t know who the previous administrators were) and we requested on due course that the Judge investigated the company the current and previous legal representatives of the above mentioned company. Please note that the Judge hasn’t taken any decision or action to carry out this investigation.2. Our criminal lawsuit, for swindle and misappropriation of funds, is not only addresses against Ricardo Miranda and the representatives of OCEAN VIEW, but also against all those who the Court discovered had any implications or against those who we could find out were liable for any criminal/civil offenses, and it is clear that Ignacio Coronado Ruz (brother of the Judge) and others are liable for the above mentioned offenses. Pursuant to Spanish Proceedings Law, any Judge who has any type of family relationship (or any other relationship) with any of the parties must refrain from dealing with such case, and from the very first moment the Judge was aware that he was dealing with a court case regarding his brother he should have refrained from dealing with it. In our case our Judge has been dealing this case for almost two years and he hasn’t mentioned any relationship with Ignacio or has made any attempt to stop dealing with our case. Spanish Proceedings Law also establishes that another reason to recuse a Judge is that the Judge had any personal interest in continue dealing with the court case. In our case even though the Judge has continued investigating our case, in which either directly or indirectly his brother was involved, there is a clear personal interests, and therefore, we have another issue to file the recuse. Therefore, we would like to inform you that once we have obtained evidences from the above mentioned reasons and because of the importance and urgency of our case, we have taken the following legal actions to protect your rights:

1.- We have already formally requested the recuse of the Judge and that a new Judge “ not tainted” is appointed to substitute him and to deal with our case

2.-  We have formally requested the postponement of our case until the Court decides about the recuse and substitution of the Judge.

3.- We have formally extend our criminal lawsuit to the following: Ignacio Coronado Ruz, Andres Leitor, Carlos Sanchez. And to that effect, the above mentioned should be summoned to appear in court as soon as a new Judge has been appointed. As a consequence of our requests, which were made last week, this morning I have received a telephone call from the Criminal Court Number 16 of Madrid confirming that our case is no won hold until the court decides about our recuse and substitution of the Judge. We will receive a notification within the next few days. As you can understand, this issue is very important and therefore we had to act quickly. We have noticed some irregularities and delays in our case from the beginning, but we were unable to take the above mentioned actions until we had evidences that support our request, like we have obtained only recently. If finally the Court decides to recuse and substitute our Judge (this decision will be taken by the High Court of Madrid in approx. 3-4 weeks), then the clients and myself as the lawyer dealing with the case, will have to study possible actions against the

Judge and third parties (actions to be filed at the General Council of Judicial Power) or even criminal actions for corruption (this happens when a Judge is taking decisions or not doing anything even though he knows that this is unfair) and the damages derived.In any case, we will study all the options and decide whatever is best for your interests. Please do not hesitate to contact us should you have any queries or comments.

Kind regards, Luis Fernando Gonzalez Ordonez
Abogado/Lawyer – Reg. Nº 6125 I.C.A. Málaga
E-mail: lfgonzalez@lawbird.com

http://www.elmundo.es/elmundo/2013/01/17/andalucia_malaga/1358445000.html

http://ccaa.elpais.com/ccaa/2013/01/17/andalucia/1358452342_005700.html

http://www.diariosur.es/20130117/local/marbellaestepona/centenar-britanicos-recusan-juez-201301171908.html

http://noticias.lainformacion.com/policia-y-justicia/fraude/mas-de-un-centenar-de-britanicos-recusan-al-juez-que-investiga-una-macroestafa-inmobiliaria-en-la-costa-del-sol_nsxSRz9u42F61C8TvjLqy7/

http://www.lavanguardia.com/local/sevilla/20130117/54360965020/mas-de-un-centenar-de-britanicos-recusan-al-juez-que-investiga-una-macroestafa-inmobiliaria-en-la.html

http://www.laopiniondemalaga.es/costa-sol-occidental/2013/01/18/recusan-juez-investiga-gran-estafa-inmobiliaria-costa/561831.html

http://www.europapress.es/andalucia/malaga-00356/noticia-mas-centenar-britanicos-recusan-juez-investiga-macroestafa-inmobiliaria-costa-sol-20130117181951.html

http://www.malagahoy.es/article/provincia/1440629/recusan/juez/investiga/una/estafa/por/vinculos/familiares/con/la/sociedad/sospechosa.html

http://www.que.es/malaga/201301171819-centenar-britanicos-recusan-juez-investiga-epi.html

http://bitacoras.com/anotaciones/mas-de-un-centenar-de-britanicos-recusan-al-juez-que-investiga-una-macroestafa-inmobiliaria-en-la-costa-del-sol/31835386

http://www.20minutos.es/noticia/1704255/0/

http://noticias.pisos.com/noticias/local/?provid=29

http://www.rojiabogados.es/mas-de-un-centenar-de-britanicos-recusan-al-juez-que-investiga-una-macroestafa-inmobiliaria-en-la-costa-del-sol/

Ricardo Miranda Miret to see judge in Madrid, Chinese financing probably hot happening!

The huge class A lawsuit against Ricardo Mirand from angry investors in his Punta Perla fantasy project has been FORMALLY ACCEPTED by the judge and Ricardo Miranda Miret is summoned to attend to the Courts of Madrid to declare in front of the judge on the 19th October 2011.

After Miranda meets the judge we will know if the criminal case against him for fraud  will proceed. My guess is it will unless he makes an immediately cash settlement of around USD 60 million with Ollie’s investor group.

Will we see the Trio HAND in HAND again? President Leonel Fernandez and HRH Prince Albert of Monaco will probably do everything possible not to go to court in Madrid. Read here: The court has been asked to summon them as well for there active role in promoting Punta Perla.

Resent information from the non-public Punta Perla investor forum run by Ben Potter shows a conference call btw the investors disclosing that there might not be any Chinese financing coming to Punta Perla. Miranda could not attend this conference call because his mother was sick(I could’t stop laughing when I read that, not only will he not meet any investors, now he will not ever take a long distance conference call, petty on you Miranda!).

Before writing this news update both Alex Rood and Ben Potter was contacted and offered to respond on the Chinese financing situation, however we have not heard a word in regards to that, Alex Rood has just ignored our emails.

Dominican Watchdog has always been against Ben Potter’s forum as it tried hide the truth about the project which means new buyers accidentally could be sucked into the “ATLANTIS”. I will go as far as to say that Miranda’s poppet show: Ben Potter, Mark Andrew or what ever Earth company he runs and Alex Rood have been tranquilizing angry investors with hot air and BS for the last year. Nothing has happened, all deadlines has been passed and finally it seems like the Chinese institutional investors are not so stupid after all.

If the criminal lawsuit moves forward, I guess we can all kiss Punta Perla goodbye since his other developments are already stone dead and there is more lawsuits coming from the Estapona Golf and Marina investors. Promoters and real estate agents(even the crooked ones) has stopped selling Punta Perla after Dominican Watchdog tracked them down and told them to inform potential clients about ongoing legal issues and to place funds on escrow. Simple consumer protection was needed to stop Miranda from ripping off more people.

3 simple things that made Punta Perla the greatest joke of the Caribbean!

1. They have opened and closed more websites than any other developer in DR and they lost their domain puntaperla.com, moreover there is not a phone number on the website to call should a potential buyer want to hear about Star Island -:), not to forget all the angry investors who would like to reach Miranda directly.

2. During 5 years the “Great developer” Ricardo Miranda has not managed to build as much as a sales office on the land despite all the millions he has taken. He claims on the PP website to have build many fine projects, there is not a link to one of them! But there are plenty of stories on the internet about all the developments Ricardo Miranda has NOT finished!

3. Miranda, never been available to meet the small investors face to face, tried to use HRH Prince Albert of Monaco and President Leonel Fernandez to promote and kick off the sale of Punta Perla, but that failed after Dominican Watchdog started to dick into the facts and sent off the first letter to the Royal Palace in Monaco almost two years ago!

However one big question still remains….. Where is all the money from the small investors and how did Ricardo split them?  Maybe the judge in Madrid will soon be able to in-light us on that, so come back for more updates.

DOMINICAN SCAM: A FEW QUESTIONS FOR PRINCE ALBERT OF MONACO

Prince Albert II of Monaco has yet to explain why he traveled to the Dominican Republic to actively promote and appear publicly for the Punta Perla development (aside from escaping Monaco).

Investors in the Punta Perla fraud were swindled out of $60 million.

Punta Perla was a private real estate project that sought to entice middle-class Europeans to deposit hard-earned savings for as-yet-to-be-built Caribbean vacation homes.

Albert is a head-of-state. One can understand Monaco’s Sovereign promoting private interests if it involves trade, commerce or tourism for Monaco, such as helping promote a new resort by SBM or Monaco QD.

But a head-of-state allowing himself to be used as a celebrity endorser to help line the pockets of non-Monegasque con-men in a far away land?

Shameful.

What’s next, Albert doing TV ads for Viagra?

A huge question remains unanswered:

What did Albert stand to gain from his involvement in the fleecing of $60 million from hundreds of small investors?

The Punta Perla development was relatively small for the billionaire prince, especially when he has the government of Qatar writing blank checks to spend on much larger projects through his Monaco QD entity.

So what (or who) induced Albert to get involved with Punta Perla’s main organizer, scam artist Ricard Miranda MIRET, whose previous property projects were failures?

It is clear that something corrupt transpired to get the Prince to the Dominican Republic.

Monegasques and Dominicans, as well as victims whose money was stolen, deserve to know the answers to these questions:

Why did Albert get involved in Punta Perla?

How much money was Albert and/or members of his entourage paid?

Will Albert give up his fee to help pay restitution to the victimized investors?

What does Albert know about the whereabouts of money stolen from investors?

What does Albert know about Ricard Miranda MIRET and his current whereabouts?

Does MIRET have a bank account in Monaco?

We wish success to the victims of Punta Perla and their skilled attorneys at Law Bird as they seek justice, and we hope that Ricard Miranda MIRET and Prince Albert are held to account for their misdeeds.

Source: eringer33.com

MUST SEE!!!! Watch this broadcast where spymaster Robert Eringer calls Ricardo Miranda a con man for defrauding investors for USD 60 million – CLICK HERE!!!