Judge Garzon in a tour of Najayo prison.
Santo Domingo.- Twenty real estate properties including lots, luxury villas, shopping plazas, residences and apartments were seized from the Spaniard Ricardo Diez Conde, who also went under the name Rubén Ramos Ortega, linked to an international network of narcotics traffickers that used the country to launder hundreds of millions of dollars.
Spain’s National Court judge Baltasar Garzon had requested the confiscation of the fugitive’s properties, in the Uvero Alto tourist zone, Higüey (east), including a villa located in parcel no. 65-A-24, Salado, with 2,094 square meters, within the project Tortuga Bay, and Parcel 67-B-181, Cadastral District No.11-3ra, with 12,577 square meters, as well as stores in the plaza Coral Park.
Also seized was a Cessna 402B airplane, located in El Higüero Airport, Santo Domingo.
Garzón’s request affirms that Conde, who had a Venezuelan passport with the name Rubén Ramos Ortega, is also known as "El Emigrante," and whose organization tried to ship cocaine to Spain from some point in South America and later laundered the proceeds.
The Spanish judge says several taped conversations confirmed that Diez Conde and one Eduardo Salazar Molina had bought real estate properties in the Dominican Republic,.
The local authorities are keeping Garzón abreast of interrogations conducted on Colombian, Venezuelan, Spanish, Italian and Dutch investors linked to the alleged Spanish narcotics trafficker.
Written by: Escott, 21 Dec 2009 8:07 AM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
Surprise surprise...
From: Dominican Republic, No Spin Zone
I am shocked shocked
Written by: generoso, 21 Dec 2009 8:57 AM
From: Dominican Republic, United States
Judge Baltazar Garzon famous for putting Chilean Dictator Pinochet, under house arrest in Spain and trying to prosecute him, should team up with DR Senator Wilton Guerrero, as they both are publicity hounds. LOL.
From: United States
Let's see, He didn't transfer any money from outside banks.
He paid cash...... Hmmmmmmmmmmmm
Morons... Look at that deer in the headlights look. Like "how could this have happened?"
Because you have created a greedy corrupt society.
Written by: xwill7, 21 Dec 2009 11:04 AM
From: United States, El cuarto bate
When you are selling real estate. Everyone involved just wants to make their commision. Get paid first ask questions later
Written by: Grosero, 21 Dec 2009 11:13 AM
From: United States
The reality agents must be laughing all the way to the bank...
Buy & Sell = mucho commissions$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Written by: riosm, 21 Dec 2009 11:15 AM
From: United States
Xwill7,
You can say that again.
GeeMiller261,
Like that doesn't happen in the States.
"Greedy corrupt Society" ever wonder who we modeled after ?
Money talks, remember.
Written by: xwill7, 21 Dec 2009 11:36 AM
From: United States, El cuarto bate
Also,
If someone brings cash no one is going to ask that person how he made that money... That is his problem not the selller
Written by: Watchdog, 21 Dec 2009 11:40 AM
From: Dominican Republic
The biggest problem is that the seizure of apartments from many of these projects has left buyers stranded because they were sold to small investors from around the world.
Dominican estate agent don't have any insurance, and the buyers don't have title guarantee or escrow accounts. Therefore they now stand to lose their Caribbean dream homes!!
Dominican Watchdog has been contacted by more than 20 buyers who don't know where to turn and what to do next...... Looks like the government once again didn't care about consumer protecting and didn't spend five minutes investigating how to protect the small buyers!! The damage to the Dominican real estate market is serious and will scare future buyers away from buying a vacation home under such conditions.
From: United States
riosm, of course it does, I am not saying it does not.
What is a joke is that Dominicans do nothing about this, no one goes to jail.
This is money laundering 101, which rarely happens in the US, because of transparency. And if the US finds this, someone goes to jail. NEVER happens in the DR.
The only thing that Dominicans are transparent about is their corruption. They wear it like a badge of honor.
From: United States, I dont even live inside a house , I haunt one!
g miller wrote This is money laundering 101, which rarely happens in the US, because of transparency. And if the US finds this, someone goes to jail. NEVER happens in the DR.
yea tell that to the federal reserved who with there corrupt credit system , screws the public of trillions of dollars every year in the united states, you say that the dominican republic is greedy corrupt society , then what is the united states ? with there fixed elections of 2000 with there alledgedly inside job attack of september 11 with there passing new laws without congress approval. the dominican republic cant compare to the corruption that united states operates with , the united states lives with organised corruption.
From: Dominican Republic
Watchdog, what are you talking about?
The story is about a guy who had HIS property confiscated, not small investors getting burned on their investments.
Oh, You forgot to put a link to your advertisement, errr, website
Please contact the admin for advertising rates.
From: United States
hellborn25, where are the facts? Anyone can say the crap you are saying with no real proof.
You (DT) can point out transparent corruption every day in the DR, Dominican are inbred with the entitlement gene and have no idea how to be accountable.
The simplest forms of corruptions are insurmountable to Dominicans to provide justice.
And your attack on other societies is typical Dominican mentality “I take no responsibility”; “we can have corruption, because others have corruption”.
At least people who get caught in the US go to jail.
Written by: Watchdog, 22 Dec 2009 11:20 AM
From: Dominican Republic
Dear Dixie,
Unfortunately you are wrong. These real estate projects(apartments) has been sold off plan and people has paid 50-75% of the money for the apartments. The real problem is these small investors did't know they were buying in a money laundering development.
One buyer was just 4 weeks away from receiving his new and finished apartment in Uvero Alto in the development called Las Dunas. Many of buyers have probably no way of recovering their almost paid vacation homes or getting their money back as everything was seized.
That's why consumer laws are important in the DR. Title guarantee, escrow accounts, and professional registered and insured real estate agents are what's needed, so its not the buyers who lose their money if the development stop for one reason or the other.
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Let's see, He didn't transfer any money from outside banks.
He paid cash...... Hmmmmmmmmmmmm
Morons... Look at that deer in the headlights look. Like "how could this have happened?"
Because you have created a greedy corrupt society.
Buy & Sell = mucho commissions$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
You can say that again.
GeeMiller261,
Like that doesn't happen in the States.
"Greedy corrupt Society" ever wonder who we modeled after ?
Money talks, remember.
If someone brings cash no one is going to ask that person how he made that money... That is his problem not the selller
Dominican estate agent don't have any insurance, and the buyers don't have title guarantee or escrow accounts. Therefore they now stand to lose their Caribbean dream homes!!
Dominican Watchdog has been contacted by more than 20 buyers who don't know where to turn and what to do next...... Looks like the government once again didn't care about consumer protecting and didn't spend five minutes investigating how to protect the small buyers!! The damage to the Dominican real estate market is serious and will scare future buyers away from buying a vacation home under such conditions.
What is a joke is that Dominicans do nothing about this, no one goes to jail.
This is money laundering 101, which rarely happens in the US, because of transparency. And if the US finds this, someone goes to jail. NEVER happens in the DR.
The only thing that Dominicans are transparent about is their corruption. They wear it like a badge of honor.
yea tell that to the federal reserved who with there corrupt credit system , screws the public of trillions of dollars every year in the united states, you say that the dominican republic is greedy corrupt society , then what is the united states ? with there fixed elections of 2000 with there alledgedly inside job attack of september 11 with there passing new laws without congress approval. the dominican republic cant compare to the corruption that united states operates with , the united states lives with organised corruption.
The story is about a guy who had HIS property confiscated, not small investors getting burned on their investments.
Oh, You forgot to put a link to your advertisement, errr, website
Please contact the admin for advertising rates.
You (DT) can point out transparent corruption every day in the DR, Dominican are inbred with the entitlement gene and have no idea how to be accountable.
The simplest forms of corruptions are insurmountable to Dominicans to provide justice.
And your attack on other societies is typical Dominican mentality “I take no responsibility”; “we can have corruption, because others have corruption”.
At least people who get caught in the US go to jail.
Unfortunately you are wrong. These real estate projects(apartments) has been sold off plan and people has paid 50-75% of the money for the apartments. The real problem is these small investors did't know they were buying in a money laundering development.
One buyer was just 4 weeks away from receiving his new and finished apartment in Uvero Alto in the development called Las Dunas. Many of buyers have probably no way of recovering their almost paid vacation homes or getting their money back as everything was seized.
That's why consumer laws are important in the DR. Title guarantee, escrow accounts, and professional registered and insured real estate agents are what's needed, so its not the buyers who lose their money if the development stop for one reason or the other.