Where is David Nanes Shnitzer? The international fugitive known in Belize as David Banes got Supreme Court bail on Friday - and according to sources - has not turned back up in San Pedro - where he had multi million dollar holdings. Shnitzer's Belizean passport was revoked on Wednesday November 18th when it was gazetted that, quote, "David M Banes, known as David Miguel Nanes Schnitzer…who was registered as a citizen of Belize as evidenced by certificate of registration dated 17th. November, 2012, was so registered by means of fraud, false representation and the concealment of material circumstance and by mistake."
But that so called "cessation of citizenship" was never presented in court - and when the DPP's office asked for an adjournment to gather evidence, the Judge refused and granted bail citing Banes' various assets in Belize.
Mexican authorities allege that Nanes Schnitzer headed the Mexican arm of Stanford's Ponzi scheme which allegedly defrauded investors in that country of 42 million dollars. Mexico has a 2011 arrest warrant for him for unauthorized securities transactions. Tonight, no one can say for sure where he is.
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