Bureau Fraude Recht & Geldzaken B.V. (BFRG) has, in collaboration with prominent Dutch and American fraud attorneys, completed a large-scale international forensic investigation. This in-depth investigation focused on cash flows, bank accounts, individuals, corporate entities, subsidiaries, and assets in the Netherlands, Brazil, and several other countries.
From this thorough fraud investigation, the following facts have now come to light:
Ponzi scheme: A fraudulent scheme has been identified.
Misappropriation of investment funds: The invested funds were largely not used for the purposes for which the investors paid.
Embezzlement of proceeds: Funds generated from logging operations were embezzled and unlawfully appropriated.
Plantation mismanagement: Plantations were not maintained, or poorly maintained. Furthermore, the final harvest took place three years earlier than scheduled, without distributing the proceeds to the investors.
Illegal sales: ‘Green Guarantee Plans’ (Groen Garantie Plannen) were sold without the mandatory safeguards and without the required permits from the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).
Breach of contract: Contractual obligations and agreements were structurally violated.
Culpable errors by the civil-law notary: The notarial deeds drafted for the Floresteca bondholders are incorrect. The first right of pledge was not honored or delivered. The civil-law notary severely compromised the interests of the investors (lenders) by failing to inform them, or by misinforming them, when entering into the private loans to Floresteca.
Invalid agreements: All agreements sold to investors by Amazon Teak Foundation (ATF), Goodwood Investments (GWI), and Floresteca Nederland have proven to be legally invalid.
Unlawful Bankruptcies
Because all agreements of Floresteca, Goodwood, and ATF have proven to be invalid, their sale to both domestic and foreign investors has been unlawful. This has far-reaching consequences. We consider the bankruptcies of ATF and Goodwood in the Netherlands to be deliberately orchestrated and unlawful. Foundation BFRG will legally challenge these bankruptcies as non-existent.
Once the writs of summons are drafted this summer, the respective bankruptcy trustees, the administrators of Floresteca B.V. Netherlands, and the court will be notified by our attorneys. This also applies to the creditors’ agreement of Floresteca B.V. Netherlands.
Good news for various groups of investors
1. Bondholders Creditors’ Agreement Floresteca B.V. Netherlands
There is good news for the approximately 600 Dutch bondholders who signed the creditors’ agreement at the time—surrendering their first right of pledge, only to watch their investments evaporate. You can register with BFRG to have your full investment (principal sum) including statutory interest recovered by us.
The first rights of pledge surrendered at the time, and any Goodwood and/or ATF agreements handed over, will be legally reversed and reclaimed by us. Any payments you have already received from Goodwood, ATF, and/or Floresteca will be deducted from the principal sum to be claimed. This also applies to investors who invested via Floresteca in Luxembourg and the United Kingdom.
2. Victims of Foundation Tectona (Stichting Tectona)
Many investors felt more or less forced to agree to the very minimal payout on the 20-25-year final harvest by Foundation Tectona, resulting in a loss of 80% or more of their investment in many cases. These investors can also still register with BFRG. You can have your fully invested principal sum including statutory interest recovered retroactively, minus the amount already paid out by Foundation Tectona.
3. Members of the Association of Teak Participants (Vereniging Teak Participanten – VTP)
The board of the VTP previously decided to take its own risky course via a Class Action in Brazil, despite explicit warnings and prior collaboration attempts by BFRG. As we predicted, this lawsuit was lost and referred back to the Netherlands (since the agreements fall under Dutch law). Due to the VTP board’s repeated unfounded remarks about BFRG, we have ceased further attempts to consult with the board.
However, we do have good news for the members of the VTP. We understand that you are not to blame for the board’s choices. You, too, can still register with BFRG to have your full investment, including statutory interest, recovered. We have now built an exceptionally strong legal position against the Floresteca empire, its directors, founders, and affiliated individuals.
Register in time!
We advise all affected investors who have not yet joined BFRG to register as soon as possible for this joint claim procedure. The claims, including statutory interest calculated retroactively from the date of signing the contracts, must be finalized shortly.
Important: As soon as our attorneys have finalized the writs of summons, registration will close, and it will no longer be possible to join.
How does it work? You can register completely without obligation via the registration form on our website. Upon receiving your form, an informative telephone conversation will always take place first. Only after this call will you make a final decision regarding your participation. Therefore, you are not immediately bound to anything.
Would you like to recover your investment? Please fill out the contact form today. We will gladly explain all the details to you before you make a decision.
Stronger Together!
Bureau Fraude Recht & Geldzaken B.V. receives the registration forms from our Foundation and will contact you by telephone to discuss all details with you. Register while you still can!
