Investors Beware

…”The focus of Pearson’s questionable development effort was Roatan, one of the relatively undeveloped Honduran bay islands in the southwest Caribbean. It lies near the southern end of the world’s second-longest barrier reef, which runs from Cancun in the Mexican Yucatan to Nicaragua.

Federal prosecutors argued that Pearson raised money from investors by convincing them that his tribe, operators in southeastern Connecticut of one of the world’s most successful casinos, was sponsoring the resort development.

Witnesses from the tribe testified that they were not. Some tribe members, as well as Pearson’s father, were investors. But they ended up victims, too, according to federal prosecutors.”…Read Entire Article Here.


You must be logged in to post a comment Login