7 News Belize

Lawyers Could Suffer in AIB Account Freeze
posted (November 12, 2018)
And while that is the story of just one Sanctuary Belize investor - there are as many as three thousand others who have invested much more money.

Perrera also sued on behalf of another client last year. His client won - but has not gotten paid and has had to go to court to seek enforcement.

And while that is only a small part of the fallout from Sanctuary Belize - another is that the US accounts of Atlantic International Bank have been frozen. Perrera says that could affect local attorneys who use AIBL for escrow accounts:..

Steve Perrera - Attorney for Land Scam Victims
"As attorney, what we do utilized at times for escrow services we utilized US dollars accounts at the international banks as well as the local banks."

Reporter
"What you are saying is that some of the monies that come to Belize law firms would be mired up in what's being frozen at this time?"

Steve Perrera - Attorney for Land Scam Victims
"I wouldn't be able to speak on whether or not that's the case. It's possible likely, yes."

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