In my years of living and investing in the Caribbean, I've encountered stories of fraud and deception that are almost too wild to believe. Coming from a country like Canada, where these situations are rare, and the real estate and financial services sectors are tightly regulated, it’s taken time to understand why these schemes have been successful. We all appreciate that the allure of high returns can often cloud our judgment. This often leads individuals and investor groups to make bad decisions and take uncalculated risks. In this article, I explore the biggest Ponzi schemes in the Caribbean and the impact that they have had on the reputation and economic success of the region.

When I explore the Bimini real estate market in The Bahamas, I'm immediately struck by its unparalleled location. Bimini is astonishingly close, just 50 miles off the coast of Florida, making it the nearest Bahamian island to the United States. This proximity provides a unique advantage for Americans seeking a tropical escape without the extensive travel times often associated with island destinations. North and South Bimini, along with several smaller cays, compose this picturesque