Tag Archives: aruba

Dino Bouterse arrested, old friends free

Dino Bouterse, son of the president of Suriname, was arrested today in Panama to be deported to the US on allegations of drug smuggling.

Moving up in the world, I see. This was him in 2010 with a couple guys who look vaguely familiar.

Representantes-de-Arevenca-con-Dino-Bouterse

 

(Update a week later — seems Dino was pals with lots more interesting characters in Venezuela.)

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Arevenca: Madasi Oil defends self, countersues

Madasi Oil’s Marcos da Silva writes with his respondes to the lawsuit I reported here. The response is in Spanish legalese but I think the short of it is “hey, you can’t sue us, we were screwed too!”

If you recall, the scam company Arevenca sold an $8 million cargo of asphalt to a Puerto Rico paving company with Madasi acting as the broker. Madasi says in its suit that it was supposed to get a 25% commission on the deal, or $1.75 million, which was then reduced to $1.55 million. The payment was made but the asphalt never arrived, and now Madasi is countersuing the Diaz family for allegedly having cost Madasi business worth, and I quote, “eight hundred billion dollars ($800,000,000.00).” Plus reputational harm to Madasi of $5 million, and additional harm to Lausell of $10 million.

As always we’re happy to offer a forum in which the subjects of commentary can offer their reply, so without additional commentary, here it is. Gotta say though that I won’t be posting anything else on here about this case unless Arevenca itself files a brief, until something big happens.

RECONVENCIO, DEMANDA DE COPARTE Y DEMANDA CONTRA TERCEROS

CONTESTACION A LA DEMANDA – MADASI

You may now return to your previously scheduled Chávez-Capriles nail-biting session.

Puerto Rico asphalt company sues Arevenca, Madasi, Miguel Lausell for $13.6 million

Arevenca, the fake oil company long documented in these pages for its deceptive web site and involvement in a failed airline in Aruba, is being sued along with several people who allegedly acted as salesmen for a scam in Puerto Rico. The Betteroads Asphalt Corp. alleges in a suit filed Sept. 4 in the US territory that it bought a cargo of asphalt from Arevenca following a sales pitch by prominent Puerto Rico businessman Miguel Lausell on behalf of local Arevenca representative Madasi Oil Co. The suit accuses Arevenca, Madasi and individuals including Lausell of fraud and breach of contract and demands a refund of $7.8 million that Betteroads spent on asphalt and another $5.8 million in other damages.

Betteroads, according to the complaint and a series of e-mails filed with the court, thought that the $7.8 million it sent to the Swiss bank account of Arevenca would entitle it to a tanker of asphalt, and was disappointed to find that tanker-loads of excuses, lies and delays were wholly inadequate for the task of resurfacing highways and parking lots even in the magical realm of the Spanish-speaking Caribbean. After months spent arguing with various representatives of Arevenca, including company president Francisco Javier González Álvarez, Lausell, and others, Betteroads has turned to the court systems of the United States, which seems to be the end-point of many conflicts involving shady Caribbean and Venezuelan operators. Continue reading

Time to end the Italian feud in the comments section (UPDATED)

My notes about Arevenca have attracted a lot of really strange, often very informative comments, mostly from anonymous or pseudonymous correspondents. But they have also inspired a weird fight between people upset with one another in Italy. They have been using the comments section of this site to make all manner of allegations and counter-allegations. They started out straightforwardly enough, but at this point, I don’t have the connections, skills or interest to disentangle their concerns. I am summarizing the issues here as a way to isolate this fight to one thread and get myself out of this festival of mud-slinging. Continue reading

Arevenca chief stopped while trying to leave Aruba, BoletinExtra says

Francisco Javier González is president of fake oil company Arevenca and owner of failed airline Fly Aruba. Yesterday, González was stopped at the Queen Beatrix Airport in Aruba as he tried to go through customs to get on a general aviation plane, BoletinExtra reports.

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I am aware of at least three people who claim to have lost more than $100,000 to Arevenca, with a total loss of about $20 million. But as long as Arevenca took money from the rich, González was able to go from country to country without too much trouble. Most victims never come forward, for fear of being labeled as suckers. But when he recruited workers away from stable jobs and then failed to pay them — apparently, that is the kind of thing that gets you in trouble.

Keeping track of website updates (Arevenca/Madasi, Derwick, Ovarb)

One fun thing I like to do is watch when web pages are changed or removed. As I look into possibly untoward behaviour in the oil industry, I keep coming across situations where information disappears from the Internet. I give you three recent examples. Each one is minor, and I don’t want to speculate on people’s motives. I have no problem with privacy. I just don’t like memory holes, where information of public value was public and then disappears. So I am preserving and pointing out a few tidbits. Continue reading

Who is behind Arevenca? Help me find out.

I recognise Francisco Javier González and Glenbert Croes. Who else is in this picture? Any information will be helpful.

arevenca directors with avic xac or something

Click for full size

Send tips to settysoutham@gmail.com or just leave a comment on this post. Thanks.

UPDATING: Thanks to Otto, the Devil, Boz, and my sister for pointing out the name tags on the table and/or the names in the video. The problem is that Abraham Reek and Martino Schiera, for example, have so little Internet paper trail that I am unsure if they are using their real names. I’m hoping that people who know these folks will come forward.