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Original St. Kitts Nevis Official Press Release Photo
In St. Christopher (St. Kitts), a tiny Caribbean nation, white collar criminals can easily hide behind banking secrecy laws. Unwitting offshore investors are easily defrauded by "corporate directors" who hide behind secret corporate entities and secrecy laws. However, in the US, directors of corporations have a fiduciary and serious legal responsibility to investors. Normally, this means that corporate directors must work to protect the fidiciary interests of their investors. Under US laws, for example, Sarbanes-Oxley (SOX) and Federal Sentencing Guidelines, it would be considered a white collar crime for executives of corporations to abuse their position to defraud investors and/or unjustly enrich themselves. The 1984 U.S. Computer Fraud and Abuse Act makes it a federal offense to alter, damage or destroy information on a federal interest computer. Making matters more difficult for offshore investors is the fact that these tiny Caribbean nations are very protective of the economics of tourism and the economic and political implications of justice against white collar crime in their small nation.
Obstruction of justice is a criminal charge with a very broad definition, it refers to any interference of the administration and due process of law. This can take place during an investigation, as well as during a trial. Anyone who knowingly interferes with the work of police officers, investigators, or government agencies can be charged. Someone can also be charged with obstruction of justice if they impair the efforts of a court trial. For example, threatening a juror or witness, or ordering the destruction of electronic records.
Documented in sworn affidavits, the "corporate directors" of the Angelus Resort, St. Kitts, have purged computer files and destroyed the records of the original investors. The links below are a collection of facts about the Angelus Resort, resort "directors", news articles, selected public documents, and affidavits of former Angelus employees. We hope this due diligence site will help investors who are considering offshore investments or asset protection strategies to seriously reconsider.
Moreover, keep in mind that the government of St. Kitts has not been supportive nor helpful to the families who were victims of fraud in St. Kitts. In fact, it appears that the government is supportive of the fraudsters, not the victims of fraud, and justice has not, to date, been possible in St. Kitts. A strong argument can be made that, in St Kitts, the quest for tourism dollars overshadows law, order and justice. See Executive Overview
Angelus Resort Directors
- Roland M. Thomas, a British citizen operating as the CEO and director of the Angelus Resort in Frigate Bay, St. Kitts
- Scott Ward, a US citizen operating as a VP and director of the Angelus Resort in Frigate Bay, St. Kitts
- Sylvester Anthony, a Jamaican citizen and St. Kitts attorney operating as the secretary of the Angelus Resort.
- Larkland Richards, a St. Kitts citizen operating as the attorney for the estate of the deceased owner of the resort
Summary: Public Information Related to the Angelus Resort, St. Kitts & Corporate Directors
| Date
| Source
| Information
|
| October 15, 2007
| St Kitts and Nevis Democrat
| "NONE SO BLIND..." Part Thirty
|
| August 20, 2007
| Sun St Kitts / Nevis
| Ritz-Carlton: Announcement premature, speculative
|
| August 15, 2007
| Sun St Kitts / Nevis
| Constitutional flaw prevents swift compensation
|
| August 12, 2007
| Sun St Kitts / Nevis
| INVESTOR HICCUP... Angelus experience' could lead to low returns
|
| August 9, 2007
| Sun St Kitts / Nevis
| Beverly Williams clears the air on Angelus Resort
|
| August 8, 2007
| Sun St Kitts / Nevis
| Questions arise over investments at Angelus
|
| October 31, 2006
| Caribbean Net News
| St Kitts could be home to Ritz-Carlton project, says PM
|
| September 14, 2006
| Caribbean Net News
| St Kitts-Nevis government to acquire the Angelus Resort
|
| September 12, 2006
| St. Kitts PM Office (CUOPM)
| National Assembly gives Government greenlight to acquire The Angelus Resort (302/2006)
|
| September 12, 2006
| Sun St. Kitts
| Govt acquires The Angelus
|
| August 2005
| US Department of State
| Department of State continues to mention Paradise Beach Resorts 3 years after fraud upon US investors discovered (pdf file)
|
| August 26, 2005
| Street Wire - Stock Watch
| SEC target Hayden pleads the Fifth - Sealife Corporation
|
| July 29, 2005
| State of Virginia
| Virginia State Corporation Commission Initiates Investigation into B.M.T. Ltd, St. KItts, Roland M. Thomas, CEO
|
| June 6, 2005
| Financial Crime News
| SEC Sues Promoters of Sealife Corporation for Alleged Manipulation
|
| June 1, 2005
| Caribbean Update
| Resort CEO Charged with Securities Fraud
|
| May 12, 2005
| Caribbean Net News
| US investors seek return of 'lost' Caribbean resort property
|
| April 25, 2005
| St. Kitts Sun Newspaper
| THOMAS IN TROUBLE -- Angelus Resort CEO sued in civil fraud action
|
| April 22, 2005
| New Executive Times
| SEC Acts Against St Kitts-based Resort Owner
|
| April 22, 2005
| Caribbean Net News
| Head of Angelus Resort (Roland M. Thomas) in St Kitts charged with securities fraud by SEC
|
| April 7, 2005
| StockWatch
| SEC says Research Capital used in Sealife manipulation
|
| April 6, 2005
| US SEC
| Securities and Exchange Commission v. SeaLife Corporation, et al., Civil Action No. 05-M-622 (CBS) (D. Colo.- Complaint)
|
| April 6, 2005
| US SEC
| Securities and Exchange Commission v. SeaLife Corporation, et al., Civil Action No. 05-M-622 (CBS) (D. Colo. - Summary)
|
| January 18, 2005
| High Court of St. Kitts and Nevis
| Second Amended Statement of Claim in the High Court of St. Kitts - Rowe & Secrist v. BMT, JIK, et al - Paradise Beach Resorts
|
| May 24, 2004
| Derrick Fraites
| Affidavit of Derrick Fraites, Former Manager of Paradise Beach Resorts (B.M.T. Ltd, Angelus Resort, St Kitts) - Final Draft
|
| May 2004
| Denise Stapleton
| Affidavit of Denise Stapleton, Former Bookkeeper of Paradise Beach Resorts (B.M.T. Ltd, Angelus Resort, St Kitts) - Final Draft
|
| April 24,2004
| Gregory Brandy
| Affidavit of Gregory Brandy, Former Security Guard of Paradise Beach Resorts (B.M.T. Ltd, Angelus Resort, St Kitts) - Final Draft
|
| April 2004
| Everette Mason
| Affidavit of Everette Mason, Former Security Guard of Paradise Beach Resorts (B.M.T. Ltd, Angelus Resort, St Kitts) - Final Draft
|
| March 3, 2004
| High Court of St. Kitts and Nevis
| Richard Rowe et al V. Administative Service, Ltd. et al - Claim No. SKBHCV2003/0222.
|
| February 6, 2004
| Indiana Gaming Commission
| A Resolution Concerning the Request of Innovative Gaming, Inc. and Xertain, Inc.to Withdraw Its Application for a Supplier's License
|
| July 14, 2003
| Sun St. Kitts
| PM Douglas cuts ribbon to open "The Angelus'
|
| July 12, 2003
| Angelus St. Kitts Press Release
| Paradise Beach Resort Unveils New Name: The Angelus
|
| July 12, 2003
| St. Kitts - Nevis Official Press Release
| Prime Minister Douglas opens "The Angelus" - Caribbean Lifestyle Resort at Frigate Bay
|
| July 11, 2003
| Nevada Secretary of State
| BMH Estes Corporation - Corporation formed by Robert M. Estes (Paradise Beach Resorts) and Glenn E. Glasshagel (ERT Corp)
|
| June 16, 2003
| Angelus Resort St. Kitts
| Roland M. Thomas and Scott Ward Establish the Angelus Resort St. Kitts Web Site.
|
| April 20 , 2003
| Paradise Beach Resorts
| Copy of Paradise Beach Resort Web Site- Mirrored on April 20, 2003 after the Discovery of Investment Fraud and Theft of Paradise Beach Investor Funds and Corporate Takeover of the Resort (New CEO Named, Roland M. Thomas)
|
| April 2003
| Administrative Service. Ltd.
| To All Clients: - by Robert Estes (Paradise Beach Resorts et al Fraud Begins to be Revealed - Ponzi Scheme)
|
| March 24, 2003
| Mary and Bob Estes
| Paradise Beach Investment Fraud Begins to Unravel - Letter to Paradise Beach Investors by Mary Estes.
|
| June 1, 2002
| US Department of State
| US Department of State: Background Notes - St. Kitts and Nevis (Mentions Paradise Beach Resorts)
|
| December 23, 2002
| SeaLife Corporation
| SeaLife Corporation Fact Sheet by SeaLife, ERT Corporation, Roland M. Thomas, Glenn E. Glasshagel, et al.
|
| April 13, 2002
| Nevada Gaming Commission
| Innovative Gaming Corporation of America (PTC) - Application for Finding of Suitability as an Officer
|
| February 21, 2002
| Nevada Gaming Commission
| Roland Malcom Thomas - Withdrawal Granted by Nevada Gaming Commission with Prejudice
|
| August 30, 2000
| Caribbean News Agency
| Six Percent Growth Next Year, PM Tells (Administrative Service - Paradise Beach Resorts) Investors
|
| August 29, 2000
| St. Kitts - Nevis
| Official Press Release St. Kitts and Nevis Expects a Six Percent Growth Next Year, PM Tells Administrative Service - Paradise Beach Resorts Investors
|
| July 6, 1999
| Whois Database
| Paradise Beach Resorts Internet Domain Created and Registered.
|
Full List of Public Information
See also
AngelusFacts FraudNet Wiki Professional Referrals
