Let’s continue to build the case: Slabbed takes a second look back at USA v Sibley as we make more connections

Last month Slabbed reintroduced William “Hugh” Sibley to the reading public and the response that post received has been fantastic. In fact it was a media inquiry that I received today that serves as the catalyst for this post.  To get started though I want to make sure everyone is on the same page so here is an except from my Sibley reintroduction:

So why do I bring up news Slabbed covered in 2009? Sweet serendipity that’s why. Sources familiar with the Sibley’s law practice indicate to Slabbed that while Sibley was Fayard’s political go to guy, Nipun “Nick” Desai was Sibley’s right hand man. Desai, a one time college exchange student from East India that graduated from LSU in 1996, reportedly parlayed the association with Sibley into a real estate empire that stretches across Louisiana and includes the now fabled Super 8 Motel on Clearview Parkway.

This is important because Desai is a bit of a mystery man.  You see folks multiple sources have indicated to Slabbed that Desai was arrested on a cocaine distribution charge somewhere between 2008 and 2010 yet we’ve been unable to uncover anything on the arrest or the case itself as it does not show in the Federal Court Database PACER nor is there a Louisiana state record that we can find.  Desai is a big mystery but we solved some of it here.

Tackling this topic entails a bit of a gut check folks, given the people and organizations involved in the Sibley affair.  For instance, the lead defendant in the Sibley prosecution was Gustavo Jorge Arévalo Kessler.  Here is a snippet from the Hispanic News Network Blog that mentions Kessler:

Last Wednesday, Jorge Gustavo Arévalo Kessler, 43, was extradited to the U.S. from Mexico to face money laundering, and cocaine trafficing federal charges in Texas. Kessler originally from Heidelberg, Germany, but living in Mexico transported tons of cocaine from Venezuela, Colombia, Mexico and eventually ending up in the U.S.

The indictment states, Kessler between Dec. 2002 to June 2003 transported tons of cocaine by private plane and a Boeing 727, transported cash abroad, and as a high ranking member of a Mexican drug cartel, he directed where the money would be deposited to various bank accounts.

Kessler was arrested by Mexican federal authorities on April 7, 2008 in Mexico City. He worked for the criminal organization headed by Antonio Aguilar (real name Pedro Antonio Bermúdez Suazo), aka “El Arquitecto,” or “El Jefe” in Mexico.

Kessler was extradited to the U.S. on Feb. 24, 2010 by the law enforcement coordination efforts between the U.S. Marshals Service, the Ministry Federal Police, and Mexican INTERPOL with the Attorney’s General Office (PGR).

Kessler is not just your average drug kingpin though as this translated excerpt from the website Contra Linea indicates:

In his ministerial statement, Gustavo Jorge Arévalo Kessler, 43-year-old native of Heidelberg, Germany, son of Jorge Arevalo Gardoqui, who in turn was the brother of former Secretary of National Defense Juan Arevalo Gardoqui-, confessed to participating in moving drugs from South America to Mexico, and to carry cash abroad.

Or even better as put in an email I received today: Continue reading “Let’s continue to build the case: Slabbed takes a second look back at USA v Sibley as we make more connections”

Sop gets a cyber first: Behavioral finance/economics intersects with Slabbed. An Aaron Broussard/Trout Point Lodge Update.

Some of my better received work here on Slabbed deals with the topic of behavioral finance/economics.  That said when my curiosity compelled me to enter the laboratory I invariably would go to the Yahoo Finance Boards and issues like Allstate or the pump and dump de jour such as XING.

Cerro Coyote has changed that folks and I want to give everyone a flavor for what I am seeing by communicating with people on this topic.  After all this blog is called Slabbed, a sizable portion of our readership was slabbed by Hurricane Katrina not that long ago. Before we get to “the finance” part of behavioral finance we must start with the behavioral. Universally the investors I have heard from share 3 common traits:

1. They were sold a small stake in Cerro Coyote as evidenced by the stock purchase agreement I posted here on Slabbed last year.
2. They have found out via Slabbed the Inn at Coyote Mountain, the major asset of Cerro Coyote has been sold.
3. They have not yet received anything back on their investment.

So what do people feel upon learn such information?  The answer lies in the Kübler-Ross model and Wiki does a very good job explaining it:

The Kübler-Ross model, commonly known as The Five Stages of Grief, was a theory first introduced by Elisabeth Kübler-Ross in her 1969 book, On Death and Dying. Continue reading “Sop gets a cyber first: Behavioral finance/economics intersects with Slabbed. An Aaron Broussard/Trout Point Lodge Update.”

If you were sold a stake in either La Ferme D’Acadie or Cerro Coyote Slabbed wants to hear from you!

My archival post regarding the Cerro Coyote hotel in Costa Rica has generated more leads folks as more local investors in the project that had no clue Abel, Leary and Perret sold the hotel and whom received not a penny back on their investment have sent me bat signals and that does not count the inquiries from those who are still coming to grips with the fact their “friends” Danny Abel and Aaron Broussard fleeced them. So while the news is settling in please meet the new owners of the former Inn at Coyote Mountain:

Bill Duron: Bill is chairman of the Ontario Tourism Marketing Partnership Corporation, agency of the Government of Ontario and serves on the boards of the Friends of the Greenbelt Foundation, Canadian National Sportsmen’s Shows and the Advisory Board of Ryerson University’s School of Retail Management.

Melody Duron – high-end interior decorator

William Thorsell, former publisher of the Globe and Mail and director of the Royal Ontario Museum.

Those so interested in sharing can email me here.

sop

Sandy may be onto something…..

Just messin’ around folks but the area’s Coyote infestation makes for a fun and easy topic.

Until we learn more I’m sticking with my Gammo.

Gammo Varmint Stalker / Gammo USA

Make sure you know the local laws regarding airguns before discharging them in your area.

sop

Slabbed goes international and finds the girls in Costa Rica. The Trout Point investment template??

Hat tip to an unhappy investor. Click the picture for a pdf of the entire signed 3 page agreement and click below the fold for a hint as to our next international destination as Slabbed follows the girls and the money. Meantime let’s all ponder if Abel and the girls pulled a Bugsy Siegel. By my math 40 is the maximum number of 2.5% investors a company can have without being more than 100% owned.


Continue reading “Slabbed goes international and finds the girls in Costa Rica. The Trout Point investment template??”

Tuesday Music: Dedicated to Aaron and the girls…..