Ocean View was involved in a number of successful enterprises, but ran into difficulties when it became involved as an agent for a Spanish developer, Ricardo Miranda Miret.

19:22 El NACHO 0 Comments

Ocean View was involved in a number of successful enterprises, but ran into difficulties when it became involved as an agent for a Spanish developer, Ricardo Miranda Miret.
Two investors sank almost a million pounds each into schemes run by Mr Miret.
They included a 350 luxury apartment build at the Estepona Country Club, on the Costa del Sol, and a prestigious 6,000 property development in Punta Perla, in the Dominican Republic.
It was at the launch of the Punta Perla development that the investors’ legal team claim Prince Albert of Monaco and President Reyna were present.
More than a thousand British investors who paid a total of £43 million for off-plan overseas property developments lost their money after Ocean View was formally dissolved in 2009.
They had paid up to £125,000 each in deposits for properties in Spain and the Dominican Republic, but the holiday homes were either never built, or were sub-standard.
Investor Mark Mackay said: “I paid £85,000 in advance for an apartment, but when it all started to go wrong, they offered me another in Morocco.’’
Another alleged victim who invested in the proposed Estepona development with family members said: “We put down a deposit of £50,000 and we haven’t seen the money since and all the time they hadn’t laid a single brick.”
One Brit told how she had remortgaged her house to pay for a £125,000 deposit on a luxury apartment in the Dominican Republic. “It’s a pure disaster,’’ she said. ‘‘I just want my money back and the whole thing to be over.”DISCLAIMER:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.