BARBADOS (Naked Departure) — FRANK BELGRAVE — FAKE COMPANIES/FAKE LOANS — Naked, I see you have a story on Timothy Simmons and the Enterprise Grown Fund debacle. Well, what the writer did not tell you is Frank Belgrave’s very close buddy, the one he travels (used to) with to enjoy ‘ball’ games, is the CEO of that fund and who gave Frank Belgrave the job of being the attorney preparing the paperwork.
Naked, as you know, Frank Belgrave cannot practice law in the law courts in Barbados because he’s not a member of the Barbados Bar Association — he doesn’t pay them a cent in dues! So if he messes up your legal work, you need to get another attorney to take it to court!
Naked, it is alleged that Frank Belgrave used to overcharge the beneficiaries of this fund and he and Timothy Simmons would share in the spoils.
A second part of this Enterprise Growth Fund scam is: let’s say a person was getting a start-up loan of $50,000.00, the paperwork would actually say $100,000.00. They would skim the $50,000 through the paperwork and keep that money for themselves.
Thirdly, what they would do is prepare paperwork for a NEW business. Frank would prepare all the legal paperwork and the money is loan for the start-up NEW company. Then, you hear nothing about the company, the company just disappears, closes. And that’s another side of this gimmick. They would create FAKE COMPANIES, give the money as a startup loan to friends, then the company DISAPPEARS.
Frank Belgrave is deeply involved in this scam. They are crafty little fu**kers. Once the loan is lent, the COMPANY disappears. Remember that.
There should be a paper trail. Frank Belgrave’s office files should be subpoenaed and he should be audited! Whoever are the overseers, the eyes, the comptroller, the board members watching how these monies are handed out, must look into this matter (assuming they themselves are not involved). They must investigate to see if these (fraudulent) loans are ever paid back. I doubt it! Mark B.A. Thompson got fake paperwork and benefited from the scam also. Naked, I know some of the players. It’s always the same players, always the same crooks!!
And they walk around acting all arrogant and looking down on people!!
Thing is, you can’t even expect our Fraud Squad to look into this because they are crooked too! And FORGET OUR NON-CRIME-FIGHTING ATTORNEY GENERAL!!! Anonymous