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Resort manager embezzles 2m from Woodbourne Estates resort in Bahamas

TUGBrian

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Crazy this went on for so long without anyone noticing that much money wasnt being spent where it should have been!

 
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Sandy VDH

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Wynd VIP Plat GF, HGVC Elite, WM, HICV, +
I get a page not found message. FYI @TUGBrian
 

RX8

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Very little info on TUG about this resort but based on the post below it looks like there has been overall problems for years.


 
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TUGBrian

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silentg

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Fitzpatrick's Castle Holiday Homes,
Enchanted Isle.
Anyone own there?
 

pedro47

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Did they terminate their accounting firm and they did ever file federal and state taxes?
 

pedro47

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Have anyone read the complaints filed with BBB ?
 

dandjane1

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That's why I ALWAYS attend the Annual POA meetings.
Maybe the POA did not exist or never had meetings.
Even the big-time Corporate CFOs can be caught in errors,
usually in the Developer's favor. And I ain't no financial whiz, either.
Moral - if you have an investment, cultivate an interest in its function.
 
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Tia

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Too many owners just want to vacation and have no clue. Owners do not want to deal with even thinking about the financials, they don't even bother to vote. This is the danger and makes it easy for those with ulterior motives to take advantage. Been there/done that.
 
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