{"id":5175,"date":"2010-12-14T09:57:44","date_gmt":"2010-12-14T14:57:44","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=5175"},"modified":"2010-12-14T09:57:44","modified_gmt":"2010-12-14T14:57:44","slug":"clico-invested-money-in-horses","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2010\/12\/clico-invested-money-in-horses","title":{"rendered":"Clico Invested Money In Horses"},"content":{"rendered":"<p>Wellington Preserve Corporation, a South Florida equestrian real-estate development company which held a secret bank account at State-owned First Citizens Bank (FCB), is not registered in Trinidad &amp; Tobago, according to online company registry searches done yesterday.<\/p>\n<p>The South Florida company benefitted from funds from Clico (Bahamas) Limited, which is a subsidiary company within TT\u2019s CL Financial Group, once chaired by Lawrence Duprey.<\/p>\n<p>Clico (Bahamas) Limited is owned by Clico Holdings (Barbados) Limited, which is owned by CL Financial. Wellington Preserve Corporation is itself owned by Clico (Bahamas).<\/p>\n<p><a href=\"http:\/\/newsday.co.tt\/\" target=\"_blank\">Newsday<\/a> understands FCB officials were yesterday served with an order  issued by Judge Erik Kimball of the bankruptcy court of the Southern  District of Florida.<\/p>\n<p>The order calls for the bank to close account No161946 in the name  of \u201cWellington Preserve Corporation\u201d and to have the money in the  account (US$.5 million or TT $3.3 million) paid into a Florida Bank  account for the purposes of an ongoing liquidation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clico bankruptcy proceedings have uncovered more unusual investments made by the poorly managed company.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[100,93,98],"class_list":["post-5175","post","type-post","status-publish","format-standard","hentry","category-business","tag-caribbean-2","tag-corruption","tag-financial"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/5175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=5175"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/5175\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=5175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=5175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=5175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}