Comment history

rumcayinfo_1 says...

The U.S. Federal Court in Miami claims the buyers of lots did not receive anything for their investment. But the Bahamian Laws shows the owners received either Conveyances or Options and all received an Interest in their purchases from the Bahamian Selling Company.

***Question?*** Which country controls the Purchase and Ownership of Bahamian land? *Bahamian Laws or U.S. Laws*. The Miami Federal Court claims the Purchasers do not own anything and the money that is in the bank is to be returned to the Owners.

(Most unusual is that Foster managed all these millions and over a million (now) still in the bank and yet his personal home (that he had for years) was in foreclosure. Why in the world did he not take some of this money to cover the home he built himself? *Because the money was not his to take*. And as to the Bentley the Government mentions, that was his attorney's car, who took it back).

What all of this means is that the selling company has provided the lot to the Buyer but the U.S Federal Court is giving the Owners money back which allows the Buyer to have the lot and the money? **What's wrong with this picture?** Not only that, the Bahamian Attorneys explained to the Court that **the Purchasers DID get their Interest in their land**.

**What about the Celebrities?** The Court says that Joe Montana and other celebrities did not get their lots; The Bahamas Law says they did. So the Question here is does Montana, Lewis, Drexler, Jones, and others own or have an interest in lots in Rum Cay, *absolutely they do*. **The Sell and Purchase is and should be Governed by The Bahamas Laws.**

How does or will this U.S. practice of not recognizing Bahamian Laws hinder anyone selling Bahamian Lots to Americans?

Foster was charged with Wire Fraud. Wire Fraud means that when someone wires money from their account to someone or a company that receives the money and that the sender did not receive what they were promised. In the Foster case each sender signed a contract to either purchase or loan money to the receiver. The sender thereafter received either an Option (a common practice in Commonwealth Countries) to purchase a lot at a later date; a Conveyance; or a note of a payback for a loan with a lot used as Collateral. The Bahamas recognizes that any amount of money placed against a property the person gets an interest in that property. All buyers or lenders had to sign an agreement to either buy or loan and that they were qualified investors.
***The only good side of this mess is that there are now nearly 100 people who own a lot or an interest in a lot on Rum Cay.***

rumcayinfo_1 says...

Maybe Government knows that there may be more than nine students in Rum Cay's future.

rumcayinfo_1 says...

Mr. Hartnell,

I wish everything were as simple as reading an article about a subject that took two years and seven months to occur.

Overall I believe that your article details the information that you could gather that allowed you to pen your report as dictated and orchestrated by the U.S. Federal System over two trials.

Unfortunately, the truth cannot be shown in four pages.

I heard or read somewhere, "If you do not have a winning case (in court) put someone else on trial."

That's what I believe happened to Mr. Foster. Not only was I used as a scape goat, The Bahamian Attorneys who testified were used, as was the Title Opinions, as was The Bahamas, as was the recorded documents, the property and its value, the "pretty red paper" that we use for Conveyances (Deeds) and almost every other thing imaginable.

Only time will display much of the facts involved in the "other side of the story" of what really occurred that will send an innocent man to prison for 13 years.

When next I am in Nassau, I would like to share with you much of the other side.

I want to thank you for being accurate with what I wrote in my email to you. And for not being overly unkind to me in the article.

Sincerely,

Billy Davis

On Rum Cay scam mastermind gets 13 years in jail

Posted 3 September 2015, 11:01 p.m. Suggest removal