PREFERS NOT TO INVEST IN MEXICO, DUE TO THE LACK OF GUARANTEES

PREFERS NOT TO INVEST IN MEXICO, DUE TO THE LACK OF GUARANTEES


`Gregory Acosta Valencia invested 760 thousand dollars in a Propiety in San Felipe Mexico

`Dave Arthur La Barre finally comes free from decision of the Court of Collegiate XV District. For whom was found guilty on charges of specified fraud by the Board of First Instance Court of San Felipe.

BY SALVADOR AGUIAR LABRADA

MEXICALI, B.C. .- Attracted by the offer of investments in land and subdivisions that are being offered in the Port of San Felipe, encourage Gregory Acosta Valencia and his wife Susan to make an investment of 760 thousand dollars in "La Hacienda", confident that the company Terra Cota, SA of C.V. represented by the American Dave Arthur Labarre, assure them that it was serious and honest company, as there was no problem because he had bought from a lawyer name Waldo Gonzalez Vaca, and he has the property titles.
But the time pass by and they do not receive the propiety, and much less it was not returned the money that he invested, so they decided to make a criminal complaint against Arthur Labarre Dave and whoever is responsible to the District Attorney Agency resident in the Port of San Felipe, who send the case to the Joint Judge of First Instance, with residency in this Baja Port, which turn the arrest warrant against Arhur Dave La Barre. on June 3, 2008 motion under 576/08, to be supplemented by agents Ministerial La Barre was arrested and taken to Mexicali State Jail.
Situation that gave him confidence that the Mexican justice was taking his complaint serious and justice was going to be done, even do when he became aware through his lawyer that he had been denied the bail from the III District Federal Court, certainly base on the clear evidence, documents and witnesses that support the original complaint.
However, after after 9 months wasted on expenses and promotions, his disappointment and helplessness became on the decision of helplessness before the ruling to revoke Dave or David Arthur David La Barre imprisonment, who was referred to the criminal case 76 / 2008 on charges of specific fraud that was dictated by the Judge of the Joint Court of First Instance of San Felipe, with a term of 24 hours in order to certify the judicial order, dictated by the XV College District Court in Mexicali, as it was reported to his attorney, said Gregory Acosta.
From this bitter experience, and his ignorance of Mexican law and even more from the lack of securities to be offered the tour land sellers in Mexico in the future he prefers not to invest in this country, because there is no protection, like in his case for foreign investors.
How ridiculous is that the investment was pre pay for 132 square meters in a luxury zone, and a promise for exclusive beach for the amount of 460 thousand dollars in cash, plus additional costs for another 300 thousand dollars, in what was supposed to be his place of rest and vacation.
Gregory Acosta emphasizes that the Mexican authorities must investigate more thoroughly about the authenticity of the Fraccionamientos, subdivisions that sell lots and houses in the Port of San Felipe and Baja California, because has been proven that other Americans have been defrauded.