And in news of another big fish in troubled waters, the movers behind the Ara Macao project 61 year old James R. Parker, 61 and 57 year old Jacqueline Parker, 57 have been indicted for tax evasion in the united states.
Parker was owner and CEO of MacKinnon Belize Land and Development Limited, the key player in the Ara Macao project which was slated for the Placencia Peninsula in Belize.
The trouble dates back to 1997 and 1998 when the couple reported income of less than $8,000 dollars. An IRS audit, revealed the Parkers failed to report substantial income from business activities in Belize and elsewhere.
As a settlement, they agreed to pay the US government over $1.7 million in taxes, penalties and interest for 1997 and 1998, but the Parkers never paid any amount toward that obligation.
The investigation showed that the couple were living large buying a rolls Royce and luxury homes.
And In June 2004, as CEO of MacKinnon Belize Land and Development Limited, Parker agreed to sell 597 acres in Belize for $6 million US dollars. The buyer deposited the sales proceeds into an account at Belize Bank, Limited.
It's a long list and the IRS indictment states, "The defendants falsely and fraudulently stated to the IRS … that they were unable to pay their rent, were impoverished, and would be homeless if not for the kindness and support of their two children."
A conviction for tax evasion carries a maximum penalty of five years in prison and/or a $100,000 fine, while a conviction for false statements carries a maximum penalty of three years in prison and/or a $100,000 fine.
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