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White Sands Country Club, and White Sands Towers, Natal, North East Brazil - fraud or flop?

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White Sands Country Club

This is another article in my occasional series of blogs issued in the public interest. It concerns the supposed developments at Genipabu Beach Club, White Sands Country Club, and White Sands Towers just to the north of Natal, in North East Brazil. The question arises in this promotion as to wether it was fraudulent, or just another flop.

A few years back Green Planet Plc starting selling plots of land at Genipabu Beach Club and White Sands in the Province of Natal. They operated out of expensive premises in The Gherkin in the City of London.

There were three main developments for sale: Genipabu Beach Club, The White Sands Country Club, and White Sands Towers.

Admittedly this is a great area for development, but was it a great deal for customers, or just for the directors of Green Planet?

Purchasers of land at White Sands are mostly still waiting for certificates to show they own anything. Some have been offered planning certificates, but these relate to what we would normally call outline consent rather than detailed consent. My understanding is that the planning certificates relate to what the Brazilians called the loteamento, or the area classification. This is stage one of a rather lengthy process that can take four years or more to come to fruition.

To the best of my knowledge there have been no updates.

A trust certificate was issued to some purchasers claiming that a company called Title and Trust was acting as trustee for the operation. That company ceased trading at least two years ago.

Green Planet's website, though still online, has not been updated for nearly two years. The company moved from The Gherkin into smaller offices in Soho Square. They then moved again into even smaller officers in Covent Garden, and my understanding is that there is one room, a desk, and a telephone, that is never answered. For all I know this isn't even an office, merely an accommodation address.

It also appears that most of the directors have resigned, and the company is a skeleton. Not only is the UK version of the company no longer functioning, but neither are the two related companies in Gibraltar.

In short, the situation would appear to be that the company no longer exists, and the money that has been paid over for plots of land has gone god knows where, and there is in all probability no ownership of land in Brazil at all for investors.

Someone called Brian Hubbard appears to be acting as some kind of watchdog for the company. His purpose is not clear at the moment, and although he has offered to speak to me, he has not returned my calls, neither has he sent any meaningful email of explanation to me. For the record, Brian's email address is brian.hubbard@greenplanetinvestment.com

Whether there is anything tangible that could be called Green Planet Investment is another matter.

A copy of this post will be emailed to him, and I will post any reply he chooses to make. However, at the moment it would appear that Green Planet was yet another fraudulent operation, and those of you who have been defrauded are invited to join a group to see what, if anything, can be salvaged from this mess.


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