Published On: Mon, Oct 10th, 2016

Bleak picture

The trustee’s report about the bankruptcy of Aquarius and Sabra paints a bleak picture of the business practices that led to the demise of these two companies and to tons of sorrow for duped investors.

While the company feasted on money investors paid in good faith for a luxury condo, the economy went south, the companies could not meet their financial obligations anymore and from there everything went from bad to worse.

The trustee’s report shows that the buyers may have acted in good faith, but the companies definitely did not.

With hundreds of hours of research on the clock it is now clear that these investors will not see a penny back of their money.

That is sad for those who have been shortchanged, and it is unfortunately also another blemish on St. Maarten’s reputation.