DOMINICA'S CBI PONZI SCHEME PAYS OFF OLD INVESTORS WITH NEW PASSPORT INCOME, WHILST CONSTRUCTION STOPS IN MIDSTREAM AND ZERO OCCUPANCY ON COMPLETED PROJECTS

Here's the latest fraud on the Citizenship by Investment (CBI) passport scheme being manipulated in the Commonwealth of Dominica. A number of CBI projects have been shut down, before completion, Wirth no signs of being restarted, and many of those which have been finished are vacant, totally unoccupied, and therefore, not income-producing for their developers, who are legally obligated to pay existing investors.

Here's how the builder/developers are being able to afford to pay investors: the government gives them literally hundred of additional CBI passports to sell; they use those new identify document sales to fund payments to the original investors in stalled or vacant properties that have no cash flow. it's a classic variation on the Ponzi scheme; so long as the developers can hawk those CBI passports, they can make the payments, and won't be exposed as frauds who failed to complete or monetize their projects.

Passport issued to Egyptian national under an alias.

This is only happening b because Dominica's corrupt government reaps substantial fees from new CBI passport buyers, much of which appears to have totally disappeared from public view. Those rumours that Dominica's Prime Minister, ROOSEVELT SKERRIT, has a room piled high with greenbacks are true, as they have been confirmed by witnesses who have been there, for purely romantic purposes, and therefore have no political reason to make those statements. It is a veritable Ponzi scheme, Caribbean style. No wonder the developers are beating a path to Dominica, although  there's no commercially sound reason to build hotels and residences in the island nation.