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Government Senator clarifies involvement in Atlantic International/Sanctuary Bay FTC case

Posted: Wednesday, May 22, 2019. 7:57 pm CST.

By Aaron Humes: Attorney and government Senator Aldo Salazar, following Tuesday’s Senate meeting in Belmopan, says his recent trouble has been “blown out of proportion” and “sensationalized for political purposes.”

There is no connection, he said, between his recent brief “questioning” by Immigration and Customs officials in Texas on “a routine issue,” and his work for Atlantic International Bank Limited, which has been named in a civil suit in the U.S. related to the Sanctuary Bay real estate scam, which has been described as one of the biggest real estate scam uncovered by the U.S. Federal Trade Commission in its history.

Moreover, he said, he has not been questioned by FTC officials, though he has been listed as a witness for a potential trial, and is not otherwise under suspicion.

And he made very clear that, “If there is anybody who is saying that I benefited from any dissipation of funds or participated in any fraud, to the extent that I benefited from fraud or that I was knowingly involved in any fraud, that is defamatory.”

Salazar further explained that the Bank faces a claim “for an alleged violation for the FTC’s telemarketing sales rule.” As for an alleged business partnership with a senior employee of the bank, which had Salazar’s firm allegedly sending out foreclosure letters, Salazar insisted that he has not done anything wrong and his company is acting legitimately.

Salazar made note that the Bank, which is pursuing a settlement with the FTC as revealed by Prime Minister Dean Barrow on Monday, has gone out of business. As a result 42 employees lost their jobs, and it is not appropriate or deserving for the bank or its employees to have their reputations dragged through the mud.


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