Just heard a "rumor" on another board (PM me if you want the url) that Rosemary Sauter, Realtor, is missing along with lots of money. Anyone know the skinny on this one?
We have a property managed by ReMax Dream Properties, and we were specifically told NOT to deposit into the Remax account...The office over Banco by the Hospital and Fruit Bowl had Crime Scene tape and orange notices posted all over it I don't personally know Rosemary, but I do know that I have a stake in this game too.
Lizard are you aware of the Arrest Warrant?
Yes, the arrest warrant that was issued after the original posting. Are you aware of what the defense attorney stated in open court about Rosemary Sauter. Read the St Thomas Source about the trial of the three convicted VIPD's (Murder for Hire)! Again somethings are best left alone. Do you know what anyone is capable of doing?:S
Lizard et al,
I admit the same thing has run through my mind. Oddly enough the Witness Protection program - too much TV.
But the lesson of the day is that the US Virgins need to come up to speed on escrow accounts. I was a REALTOR in the states for many years. The escrow accounts there could almost literally not be touched without some machinations at the highest level involving several people. Title companies, etc. were licensed and bonded. Your money was safe. Checks do not bounce when written on escrow accounts.
Trust accounts, as we use them in the Virgins, are not the same. Yes, they may require two signatures but there is no one involved who is insured and bonded and responsible for the money. At least to the best of my knowledge. Some attorneys may hold escrow funds and comply with state side regulations.
All of that said, we need to take that lesson away with us. When giving large amounts of money (whatever that means to you) to someone, request to see the legal documents insuring your money is safe.
If Rosemary is in other trouble I know we all hope she returns to us safe.
It wasn't the convicted VIPD's accused of Murder for Hire!
Regarding Trust and Escrow Accounts There is no Federal Law Which requires Insurance and Bonding in the upper 50 States. That is not to say some States may have a license requirement for the Licensed RE Broker to maintain a Trust or Rental escrow account as a fiduciary to be insured and or bonded, however it is not a universal practice by all the States. Most States require that Trust and escrow account be deposited in a FDIC Bank (that's why the FBI is involved in the RE/MAX Dream Properties Case).*-)
You hope she's okay? What are you, nuts? The woman is crocked through and through for crying out loud! And you hope the poor thing is okay? I hope you're not losing too much sleep over it. How about hoping the people she robbed of their life savings are okay? I personally hope she's little more than a source of food for the fish. No, sorry, that's not fair to the fish.
@ben dover: she has a family, was a witness for the prosecution in a corrupt system. But, as I see it ( and i lived in the VI for years)... there may be a bit more to this...