Pineapple Fields & MRI Credit Notes

The MRISG have been able to establish that MacAnthony Realty International have issued ‘Credit Notes‘ to the tune of over 10 million Euros to 117 of their customers they failed to provide properties to despite taking deposits and commission.

You may ask what can these credit notes be used for?

Pineapple Fields Development Ltd

Pineapple Fields Development Ltd

The MRISG have received information that although MRI are no longer trading and Dominic Pickering no longer works for MRI and Darragh MacAnthony no longer runs his own companies, they appear to have found ways to remove more monies from customers they have already scammed.  MRI plans to get customers to utilise these useless ‘Credit Notes’ issued by a company who no longer trades, by offering properties at artificially inflated prices to customers and hide the true value of those properties during the span of the scam.  Although not doing anything illegal it demonstrates the moral depths MRI and their directors will stoop to remove even more money from peoples pockets.

Dominic Pickering

MRISG have received documentation of a contract between MRI, Who no longer trades and Dominic Pickering no longer works for,  and Pineapple Fields Developers Ltd in the Bahamas where one bedroom apartments have been available for sale since 2005 but have not moved for 6 years.  Presumably, to try and offload these dwindling assets, Pineapple Fields dropped the prices from $275,000 a unit in 2006 to, we believe, $184,000 prior to July 2001 but in July 2011 it appears Dominic Pickering representing MacAnthony Realty International signed a contract with Pineapple Fields Development Ltd to advertise the prices at $275,000  on their website until 31st August so MRI could offer ‘Credit Note’ holders an opportunity to buy these unsalable properties at the inflated prices.  This would mean that someone with a ‘Credit Note’ for €60,000 would only have to pay $215,000 wile MRI pocket the €60,000 they have already pocketed from the ‘Credit Note’ and get $31,000 on top  a total of €91,000 from one customer whom they have already ripped off in the past.  And they have 7 of these properties especially selected for their best customers.

Presumably these offers are to be sent out to the most promising of the 117 misled MRI Customers who currently hold these worthless ‘Credit Notes’ from MRI.  Not only have MRI pocketed commission from the original sale which fell through they pocket even more in this slight of hand deal to unsuspecting property investors.

The MRISG hope that Pineapple Fields Development Ltd understand the nature of the vipers they have got into bed with and it doesn’t back fire in their faces when it is revealed more openly what has gone on.

Download the agreement and see for your self – Agreement_between_MRI&PFDL

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  1. […] this blog publishing docuemtns as recent as July 2011 Dominic Pickering also claims to have nothing to do with the MRI companies. […]

  2. […] Paid for a credit note signed by Darragh MacAnthony […]

  3. […] the MacAnthony Corporation.  Have you offered them Free iPads too or just dubious properties in Pineapple Fields with inflated prices? MacAnthony […]