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FTC challenges massive overseas real estate investment operation harming American consumers

Bureau of Consumer Protection. Business Alerts From the Federal Trade Commission

FTC challenges massive overseas real estate investment operation harming American consumers


By Lesley Fair

Based on the promoters' promises, it sounded like a tropical paradise: a luxury enclave called Sanctuary Belize featuring a championship golf course, a new airport with direct flights to the U.S., and a hospital staffed with American doctors. No wonder consumers – many of whom were contemplating retirement – sunk more than $100 million of their savings into lots in what appeared to be a swanky resort development already under construction.

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