Wednesday, February 19, 2025

DID FORBES FAIL TO CONDUCT BASIC DUE DILIGENCE?; ONE OF ITS AFFILIATES PARTNERS UP WITH A DODGY OFFSHORE PASSPORT SALES PROGRAM CURRENTLY UNDER THE MICROSCOPE FOR ILLEGALLY-DISCOUNTED SALES AND INTERNATIONAL SANCTIONS EVASION


Forbes is a highly respected business magazine read by America's leaders for more than a century. We expect it to deliver accurate, informed information, but its division, FORBES GLOBAL TALENT, which associates itself through its Advisory Services with outside programs and entities, seems to have fallen short of that standard. We are distressed to see that Forbes Global Talent has endorsed the Citizenship by Investment (CBI) economic passport sales program offered by Grenada, an East Caribbean state, with apparently little or no due diligence conducted in advance, to check out whether it is suitable for being promoted by such a well-known and well-established brand.

Regular readers of news of the Caribbean know that Grenada's CBI program has been accused of selling passports to Russians, after it CIU had imposed a ban on that nationality, due to international sanctions due to the Ukraine war, by backdating the applications to make them appear to have been submitted in advance of the ban. Furthermore, the vendor of those passports, the Irish national JOHN HANAFIN, was himself sanctioned by OFAC at the time, due to prohibited transactions with Russian nationals .


Our article, CHINESE-OWNED HENG SHENG, THE CARIBBEAN GALAXY OF GRENADA; SELLING THOUSANDS OF ILLEGALLY -DISCOUNTED PASSPORTS, BUT WHERE'S THE HOTEL THEY PROMISED, FIVE YEARS ON?  exposed Grenada's traffic in illegally-discounted passport sales, which could render passport sold under those terms and conditions void ab initio.   https://rijock.blogspot.com/2024/09/chinese-owned-heng-sheng-caribbean.html

We are therefore wondering, if a simple Google search would have uncovered the many unresolved issues surrounding Grenada's CBI program, how Forbes Global Talent chose to partner up with, and thereby endorse, such a high-risk and controversial program, which is at risk of termination.

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