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Not the only sketchy man in Real Estate
Anonymous (not verified) | Thu, 2006-12-21 15:25

There is another well known man who was involved in a major drug bust in the 80's who has an influential family there, or did. He became a prosecution witness and ended up changing his name. Presumably as part of witness protection? I was under the understanding that to be a resident and conduct business in St. Maarten you had to have a clean record, silly me!

The whole real estate sector is unregulated and the agents are more than willing to help purchasers hide their assets in off shore companies and holdings. The N.A. just passed a law to bring in cooperation with several countries to share tax information to track people that hide assets from tax or law enforcement and it will be interesting what effect that will have, or if it will be enforced in St. Maarten.

Mojo

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