Amado Fakhre, Marbella, UK, Grenada, EN

Opaque role as mediator

Person Natalio Amado Fakhre

Amado Fakhre is an investment broker. A picture of him can be found here: He holds a UK passport and allegedly one from the Caribbean state of Grenada. Various active and defunct companies are or were domiciled in the UK. He gives a residential address in Marbella, which is known to us. However, he has also claimed not to live there. He only gave this address because “he was there at the time of the transaction”. He has stated several times that he is staying in Granada. Here is his Twitter profile:

Companies include CORPORACION INTERNACIONAL ZMAR CRIVING LIMITED (dissolved), CORAL CAPITAL GROUP LIMITED (10584354) (active), CIESSA LIMITED (09328059) (dissolved), CARIBBEAN INT. LOGISTICS CORPORATION LIMITED (09293228) (active, TRADE SUPPORT PARTNERS LIMITED (09439164) (active), Address 83 Fern Road, St. Leonards On Sea, East Sussex, United Kingdom, TN38

An ex US Army-officer runs or organises Amado Fakhre’s companies in the UK and was also a director of the Fund.

There were reports in 2011 and 2016 of Fakhre being arrested in Cuba for corruption etc:

Strikingly frequent losses through trades brokered by Amado (Natalio) Fakhre and Ramón Chacón.

In the meantime, 6 unsuccessful deals are known, which followed the same pattern with slight variations: Via a Cuban – Ramón Chacón – whom Amado (Natalio) Fakhre had brought, companies in the Dominican Republic and Colombia were sought in which to invest. Some of these investments were made through a fund that has since been liquidated. Joint venture or loan agreements were concluded with these companies. One problem here is that some of the contracts were concluded in English and under English law, so that legal action in the Dominican Republic is not possible. In other cases, the contracts were concluded with worthless companies, so that it is clear from the outset that legal action will come to nothing. One of the cases is currently pending in court in the Dominican Republic. In addition, the companies were given the investments or loans without any collateral. In some cases, the fund was promised collateral that either did not exist or was never registered. In some cases, Ramón Chacón took worthless cheques as “collateral” for cash he collected. Another company simply does not exist or is not registered anywhere. After the funds were transferred (partly via a third company), they seeped away. According to witnesses, a large part of the money was collected in cash by Ramón Chacón or transferred on at Chacón’s behest. The official debtor companies claimed that they assumed that Ramón Chacón, who had helped arrange the transactions, was acting on behalf of the fund and that he (Chacón) was therefore giving instructions on behalf of the fund. Two of these companies in particular cooperated because they were “scared shitless”. And Chacón claims that these are all protective allegations by the official debtors …

In any case, Ramón Chacón – when he found out that investigations were underway and that a well-known criminal lawyer in the Dom. Rep. became active – he initially absconded to an unknown whereabouts.

Amado (Natalio) Fakhre was superficially committed to finding solutions, but with the “handbrake on” and always emphatically at a distance and with the message: “I can’t help it”. To sum up: he initiated the deals every time and always washed his hands of the fiasco. Whether he is simply a chronic “jinx”, a less than reputable mediator or even an accomplice in the background must remain open. The presumption of innocence expressly applies. We by no means advice against doing business with him on principle, but everyone must know for themselves whether they want to take the risk.

An example: The case of Jeancarlo Chapparo KNIGHT CAPITAL GROUP, SRL, Santo Domingo

Jeancarlo Chapparo Amaya is the owner of KNIGHT CAPITAL GROUP, SRL He is a Venezuelan citizen. According to our sources, he is being prosecuted in Venezuela for fraud.

It was about the pre-financing of a business with the export of rum from Colombia. For this purpose, a Swiss businessman – through the intermediary of Amado Fakhre – gave an earmarked short-term loan of about USD 300,000. The loan was not repaid, and in the meantime the debt, including penalty interest, amounts to around USD 400,000.

Investigations showed that the contract contained false information. Chapparo gave a non-existent address so that it was difficult to find his whereabouts. One must assume that Chapparo runs his business from his private address, which we now know. Furthermore, a tax search revealed that the company Knight Capital Group SRL is not registered but is linked to another company destined for the sale of boats in Puerto Plata. In view of such inconsistencies, the question of fraud arises. In fact, Chapparo has been charged with fraud in Venezuela before. The aforementioned and other discrepancies were not apparent to the Swiss contracting party.

Chapparo kept stalling the client with ever new promises of payment and sometimes adventurous excuses, such as an alleged mortgage on a “real estate guarantee”, “advance payments for deliveries”, etc. The role of the intermediary Amado Fakhre seemed to be rather to explain the debtor’s point of view. Interestingly, Fakhre wanted to make appointments with the creditor to discuss further business while the “old” one was still unresolved. Chapparo stated that his Colombian partners had not paid and that he was taking legal action against them. However, he never produced any documents to this effect

In talks on the ground in Santo Domingo, Chapparo again acknowledged the debt and promised repayments. He repeatedly presented documents on transactions from which he wanted to settle the debt, e.g. letters of credit in connection with the delivery of scrap for steel processing, etc. He sometimes presented receipts for this. He submitted partial receipts for these. His reasons why these transactions did not materialise are not implausible, especially in view of Corona-related cancellations.

In his case, too, the question arises: Was he simply unlucky? Is he the main perpetrator or a used accomplice? And again: Fakhre is the initiator. After the fiasco, he is content with superficial mediation efforts and otherwise stays out of it.

Do you have any references to Natalio Amado Fakhre, Ramón Chacón or Jeancarlo Chapparo?

Do you have experience with Fakhre, Chacón or Chapparo? Have you also been harmed? Or have you been approached by one of the three for business? Are you considering doing business with Fakhre? If so, we advise you to exercise the utmost caution; we will be happy to advise you on the safest possible business arrangement.  If you wish, we will treat your information as strictly confidential. We would also be happy to provide you with more in-depth information about the experiences of other clients as well as our further findings.

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