CHRISTIAN NESHEIM, PRESIDENT OF LEADING CBI INDUSTRY PUBLICATION, DISMISSES GALAXY'S ILLEGALLY-DISCOUNTED PASSPORT SALES, STATES EVERYBODY BENEFITTED FROM THE 'SCAM"

 

CHRISTIAN NESHEIM, the founder and President of industry-leading IMI DAILY, has candidly admitted that the entire illegally-discounted Saint Kitts passport sales operation, conducted by the Chinese-owned company CARIBBEAN GALAXY, which collected close to USD$1 Billion, and never built the jail that was the sole purpose of the project, amounted to a scam. He made this astonishing admission in an IMI Internet chat room for industry insiders who are IMI clients and supporters which was obviously not intended for release to the public, who will be shocked by his hubris. The legal import of the statements will most certainly be discussed in certain quarters. No doubt it is a gift for MSR Media in the RICO case.

Let us detail the important points from the chat, which has been reprinted verbatim above:

(1) He excuses the fact that the entire Galaxy operation was a fraud by saying that all the parties were paid; government fees, commission salesmen,and agents, and they were all aware of the situation.

(2) That Galaxy agreed to accept the lower price; in fact, it wanted that financial arrangement.

(3) Therefore, "nobody is [technically] owed anything."

He completely forgets the little matter that discounting the listed minimum price violates the laws that created the CBI program is a criminal act under Saint Kitts & Nevis law, and asserts that the government is not entitled to recover the balance of the minimum fee, which he claims would have to go to Galaxy. Is the fraud, money laundering and corruption committed by both Galaxy and the purchasers to be ignored, and what about the fact that the other SKN Stakeholders who charged the legal rate lost business?

What we are seeing in this chat discussion is a cynical viewpoint, by someone prominent in the Investment Migration (passport sales) industry, asserting that since all the interested parties were paid, there's no harm, and no foul. We beg to differ. Whether IMI's support of Galaxy's program, as well as its relationship with RIF TRUST and LATITUDE, the agents who reportedly sold the most of the illegal CBI contracts, creates legal liability we will leave to the legal professionals to sort out, but we must ask this question: has Mr. Nesheim mislaid his moral compass?