Sunday, December 8, 2024

ANGRY COMMENTS FROM PROFESSIONALS TO THE DISCLOSURES WE REPORTED REGARDING THE CHRISTIAN NESHEIM STATEMENTS ON THE ILLEGALLY-DISCOUNTED CBI SCHEME OF CARIBBEAN GALAXY AND SOLD BY LATITUDE/RIF TRUST



We have received a large number of responses to our recent article entitled CHRISTIAN NESHEIM, PRESIDENT OF LEADING CBI INDUSTRY PUBLICATION, DISMISSES GALAXY'S ILLEGALLY-DISCOUNTED PASSPORT SALES, STATES EVERYBODY BENEFITTED FROM THE "SCAM"*, and we wish to share them here, so that the truth can come out.


Most came from industry professionals, and there was a large amount of anger directed at Mr. Nesheim for what was referred to as his "jaded' attitude towards Galaxy's illicit operation, as well as his erroneous conclusion that "nobody is owned anything." What about the other developers, who invested substantial amounts of money in their projects, and were unable to compete with Galaxy's 60% discount on pricing, they asked. Didn't they end up suffering a loss? Most certainly, Mr. Nesheim.


The other projects were expected to result in a large amount of funds invested in Saint Kitts, employ Kittitians, and purchase supplies, plus bringing in a substantial amount of additional and subsequent investment, all of which did not occur due to the extremely low price offered by Galaxy through LATITUDE/RIF TRUST. Also, Saint Kitts suffered the direct loss of a never built, but sorely needed Jail, which Galaxy had promised to construct, at a cost of USD$30m. Galaxy took in close to $1bn on that project, and never even started the structure. We call that fraud.


Finally, there were reader complaints about the recent IMI Miami conference, where they have advised us that the same sales entities which were selling the discounted Galaxy contracts were welcomed to market their wares by Nesheim's company, even though it was well known in the industry that such sales were illegal, and the Government of Saint Kitts had publicly announced that fact. Their questions: wasn't that a promotion of companies already accused of Fraud? And were there violations of the Securities Act of 1933, or other U.S. laws, at that sales conference?



Those questions, and others we have received but which we are not including here, deserve straight answers, but it is feared that they will not be forthcoming in a public forum. Nevertheless,those answers will eventually surface, in one venue or another; Stay tuned.

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*https://rijock.blogspot.com/2024/12/christian-nesheim-president-of-leading.html

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