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GOB Senator Questioned In The U.S.

GOB Senator Questioned In The U.S.
May 04
07:57 2019

Thursday, May 2, 2019 –
The Reporter has confirmed that government senator, Aldo Salazar, was recently stopped by US authorities and questioned in connection with the Sanctuary Bay real estate scam, which in a series of ripple effects was a key factor in the demise of Atlantic International Bank, which he represents.

Salazar was reportedly stopped over the weekend when he was returning to Belize as part of a delegation to Taiwan. The Reporter understands he was questioned about the bank’s involvement with the Sanctuary Bay case being investigated by the US Federal Trade Commission (FTC).

Salazar was reportedly stopped in Houston and was pulled aside by US authorities then questioned for at least three hours. Salazar was part of a delegation which included President of the Senate, Lee Mark Chang. Atlantic International Bank recently had its license revoked by the Central Bank due to complications cause by the Sanctuary Bay investigation. Salazar was reportedly held on a request from the FTC as a part of their ongoing investigation.

A report says the FTC has managed to obtain voluminous critical information on the bank from Salazar during his detention. The Reporter understands that Salazar was also subpoenaed and may be called on to testify in the FTC’s case. Chief Executive Officer of the now defunct bank, Rick Pelayo, also reportedly gave evidence to the FTC during their investigation.

Sanctuary Bay is a company accused of defrauding US investors of over $100 million. A number of persons and companies have been named in the case including several companies registered in Belize. The scam was uncovered last year and has been described by the FTC as the largest case of real estate fraud it has ever investigated.

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