Sanctuary Bay Saga: Frozen Assets


The irony of Sanctuary Bay is the antithetical Saga it has become. Even the Prime Minister’s two-sided machete is not game enough for this International riddle found in a local puzzle surrounded by cover-up attempt. The beauty of the 14,000 acre area by the Sittee River reserve was raped even by cunningly naming one of the tentacle associations Sittee River Wildlife Reserve—the nerve of these fraudsters.

Reminder: Andris Pukke(not Marc Romeo) goes to trial on January 21, 2020.

This story isn’t new by any stretch. But, what is definitely novel is the unmasking of another of our government officials in a now available signed Declaration, under the risk of perjury, by Frank Costanzo.

These are bulleted points 4 and 5 points of 11.

  1. In the course of my career with SBE, I had many meetings and conversations with many government officials in Belize. These meetings and conversations were necessary to continue developing and marketing Sanctuary Belize. I met with officials to receive government permits starting in 2012, when SBE first hired me. True and correct copies of emails showing some of these meetings is Attachment 1 At minimum, I met or had conversations with Mr. Glenford Ysaguirre, the former Governor of the Central Bank of Belize (“CBB”), Jose Heredia, the Minister of Tourism, Israel Gonzalez, of the Belize Department of General Sales  Tax, and Patrick Faber, the Deputy Prime Minister of Belize.


  1. Several government officials visited the Sanctuary Belize property. For example, in 2012, Michael Singh, the CEO of the Ministry of Trade addressed consumers and recorded a video during the flooding of the marina at Sanctuary Belize. A true and correct copy of this video is Attachment 2 hereto (his remarks are from minute 3:24-4:20). (the video has been posted on Facebook and went viral) Rene Montero, the head of the Belize Port Authority also visited Sanctuary Belize in 2018. 

The Federal Trade Commission (FTC) of the United States has gotten the judge to agree to the freezing of assets of the Sanctuary Bay Enterprise crew—Pukke and associates. This means that Judge Messitte has imposed an injunction on the lots down at Sanctuary Bay—no more selling or buying. Can you believe a very small percentage of buys will still wish to deposit monies? (August 5, 2019 update) Belize, in the end, many of these retirees will end up living in the jewel and in a sense become your neighbours.

The newest of documents fails to feature Atlantic Bank International in its updates. This is so because of a pending SETTLEMENT which PM Barrow allegedly helped to foment for them. The settlement supposedly has a two month waiting period where the FTC’s Commissioners get to weigh in and give a final nod of approval. According to the Prime Minister at the July 10 Press Conference, the Commissioners generally always agree with such settlement. We will wait and see.

Obviously, we will wait and see what the details of that settlement are. Politically all this does not vouch well for the UDP leader of our country who seemingly is doing the work of the Central Bank.

(More next week)


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