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  • Speaker Of The House Signs MOU With FOPREL And SICA

    Friday, 07 September 2018 02:44
  • New International Flight Headed To Belize

    Friday, 07 September 2018 02:46
  • 224 Farmers Graduate From Farmers Field School

    Friday, 07 September 2018 03:09

soniaDreamScapes Belize, a real estate is tonight facing a number of lawsuits after being accused of swindling buyers out of millions of dollars in a case of real estate fraud and being linked too two firms named in the Panama Papers leak from the Mossack-Fonseca firm.

The company which is said to be operated by foreigners reportedly collected over US $10 million from American and Canadian investors who wanted to buy dream homes in Belize. The company advertised lots for up to US $30,000 and promised model homes, access roads, a potable water supply, waste treatment facility, a school, police and fire stations, an 18-hole golf course, clubhouse and a marina facility with dockage. But none of that existed.

International reports state that the site where to be built on properties supposedly located in the Stann Creek District but to date only a DreamScape sign can be found in the area and that has been there since 2008, according to reports.

The shareholders involved in the DreamScape drama include a disbarred lawyer whose penny stock offering ran afoul of the U.S. Securities and Exchange Commission, another disbarred lawyer who went to prison for scheming with mobsters, and one former and current Palm Beach County based company directors.

One offshore, DreamScapes Holdings of Belize, was incorporated in the Bahamas in 2008. The other, DreamScapes of Belize, was incorporated later in the Seychelles, a popular offshore haven in the Indian Ocean.

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