Thanks to Bajan Citizen for producing relevant links to the latest story making the rounds about Mark Maloney being scammed out of US10 million dollars purported to be a payment for 1 million doses of the AstraZeneca vaccine on behalf of Barbados and two other governments.
The blogmaster has two questions:
- On what basis was Maloney’s company Radical Investments Ltd selected to broker this transaction.
- Is the government out of pocket because of the errant transaction.
- How does being out of pocket USD6.7 million affect Maloney’s financial state to continue to do business.
Mark Maloney Says $12M COVID Vaccine Deal Was A Scam
https://www.law360.com/commercialcontracts/articles/1422923/barbados-co-says-12m-covid-vaccine-deal-was-a-scam
The case is Radical Investments Ltd. v. Good Vibrations Entertainment LLC et al., case number 9:21-cv-81761, in the U.S. District Court for the Southern District of Florida
Radical Investments Ltd. is a St Lucia registered company owned by Mark Maloney.
He appears to have been swindled out of $6.7 millon USD from the governments of St Lucia, the Bahamas and Barbados who contributed money to buy COVID vaccines for their citizens.
“In April 2021, the Governments of Saint Lucia, The Bahamas and Barbados initiated a bulk purchase of AstraZeneca vaccines, as the minimum purchase from authorized suppliers was one million (1,000,000) vaccines.”
http://www.govt.lc/news/saint-lucia-s-efforts-to-secure-high-demand-covid-19-vaccines.
St Lucia contributed $7.3 million EC
https://www.caribbeannewsglobal.com/approval-of-direct-purchase-for-astrazeneca-radical-investments-ltd/
Mark Maloney is deputy chair of the private sector group put together last March to fundraise and acquire more vaccines.
https://barbadostoday.bb/2021/03/03/high-powered-group-ready-to-assist-with-vaccine-financing/
It is not clear what due dilligence Mr Maloney did before entering into this commercial arrangement with Good Vibrations Entertainment LLC. If you were looking to purchase pharmaceuticals would you do business with a company whith a name that connotes mechanical sexual services, and with an address at 21218 St Andrews Blvd Suite 318 that is a mailbox in a UPS store where 175 other fly by night companies also have their “headquarters”???
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=CurrentList&searchNameOrder=GOODVIBRATIONSENTERTAINMENT%20L210002390860&aggregateId=flal-l21000239086-b92f38d8-b344-45fc-b36d-1320f1675828&searchTerm=GOOD%20VIBRATIONS%20AUDIO%2C%20LLC&listNameOrder=GOODVIBRATIONSAUDIO%20L190000122850
1,308 responses to “Mark Maloney Scammed!”
@Pacha
You should know better that most vaccine manufacture and distribution is political.
And if governments alone can recieve the vaccines, why would they then need private sector interlocketers like Maloney with no experience in pharmacuetical contracting?
Sharing what acting PM said yesterday in the first 3 minutes of the press briefing:
Santia talked nonsense, if the intent to procure vaccines as a private company to SELL TO GOVERNMENT…. why was maloney WORKING AS AN AGENT for the government he is acting as a vendor to distribute to in exchange for cash….are all the distrbutors in Barbados who provide givernmen with essential medicines etc….government agents….,they cant retract because maloney is the claim said he was acting in the capacity as a government agent….yall can’t have it both ways…..he was ..either a distributor with no vaccines or an agent procuring for governments…that’s where the mix up mix up comes in…and government cannot unravel that in their tiny minds.
News Provided by the On ? Off ? Topic / Related? Unrelated? facts information propagation service
Biden announces US will donate another 500m vaccine doses at Covid summit
O US to donate 500m Pfizer doses to low- and lower-middle-income countries
O Doses are in addition to the over 600m the US has committed to sending
https://www.theguardian.com/us-news/live/2021/sep/22/us-house-spending-bill-debt-ceiling-senate-joe-biden-us-politics-latest
David
What Santia Bradshaw is quoted to have said makes no sense at all.
She has to stop hidding behind notions about some “wild wild west”. Cspitalism has always been nothing but.
What she has not told us and will not tell us is that within the circumstances she describes a massive, massive, premium would have been charged by Maloney to the taxpayers. We estimate at least three (3) times his total cost
And therein lies the big steal.
David, why are you so favourably disposed to believing their narratives?
Waru
In law the acts or ommissions of an agent are generally binding on the principal.
“why was maloney WORKING AS AN AGENT for the government he is acting as a vendor to distribute to in exchange for cash….are all the distrbutors in Barbados who provide givernmen with essential medicines etc….government agents….,”
There are various types of parties involved in bids and offers for deals in global trade markets with various terms for different specific roles which have strict definitions in the financial business world
Such as
Broker
Agent
Principal
Counterparty
There is nothing suggesting Maloney acted inappropriately in his efforts
despite the echo chamber of conspiracy theorists in the peanut gallery
Nah……. far from it my friend.
Yuh see, the thing is, you’re a buffoon and I’m not fazed by your semi-literate comments.
However, the ‘BU Archives’ will indicate I’m always able to ‘push your yellow buttons.’
Watch yuh now.
https://media.tenor.com/images/b056d7d835ff43ee381a6efbbf1f14db/tenor.gif
David
If vaccines are “political”, why would you as a political entity then rely on a private sector agent to navigate the political.
This entire scheme was pregnant with possibilities to conduct a robbery of taxpayers, in broad daylight, by forces within this regime, even as Bajans were dying.
@Pacha
If you read the blogmasterâs comments first posted to this and the other blog in an exchange with Sargeant your point was raised. What recommends Maloney for this procurement.
David
Yours is generally consistent.
However, you now need to go a step further and admit that this here Mottley regime is in no way different than what came before.
Just as corrupt. Just as feckless. Just as uncaring while pretending to care.
“What recommends Maloney for this procurement.”
There was a global market with a high demand for vaccines
Government of Barbados was having difficulties procuring the providers for it’s needs
Maloney went to the US market for the vaccine
A cabal of crooked private sector players in collusion with government decided to push the golden boy of KICKBACKS to the front as a vaccine procurer….bypassing WELL KNOWN pharmaceutucal distributors like Collins, Massey/Knights and others from the SAME minority community…,and in some minds that does send up RED FLAGS.,.
@Pacha
There is always more to be done by the dissenting voice a breathing democracy allows, it will not be achieved if compromised by lies/fabrications.
“….bypassing WELL KNOWN pharmaceutucal distributors like Collins, Massey/Knights and others from the SAME minority community…,and in some minds that does send up RED FLAGS.,.”
Barbados was in the position of paying more for less for a product that was required to be purchased in bulk order
Business world recognises cash money not racial complexion and a rich businessman stepped up to the plate to do the deed and save the nation who happened to have a different DNA
His race is a red herring in the matter
@ John2 September 22, 2021 11:18 PM
(Quote):
The MOH denied ONLY – that he knew the name of the company ( so he couldnt comment )
He never claimed that the ministry/ goverment did not have an arrangment with malmoney
Most of you Are just Running down the rabbit hole
+++++++++++++++++++++++++++++++++++++++++++
What rabbit hole? The one the same “Malmoney” fella has dug for himself and into which your corruptible administration has fallen?
Why don’t you take note of what “Northern Observer” has drawn to your attention @ Northern Observer September 22, 2021 11:39 PM?
How can a minister of the Crown not know about such far-reaching policy decisions concerning his ministry? And a ministry at the forefront of a crisis which Barbados has never faced in ‘living’ memory?
Shouldn’t he resign in keeping with proper Westminster practices? Or are you supporting the shoots of a ripening banana republic?
BTW, the miller is still sitting in the lap of the same malmoney fella waiting on him to rise to his long-promised Hyatt occasion.
Where is that erection? Instead the poor chap has gone and gotten scammed by a viral injection.
Why don’t you try to find out who really owns the land which was compulsory acquired from the Rams?
You might just find out that the same radical investments entity has been inoculated against such public exposure to the obvious scam called Hyatt.
Collins has been around for long long time, well established, think it says so right on the front door,,,from the 1800 or 1900s….can’t remember which, if someone wanted to do a background check for distribution reputability purposes….they got the credentials.,…so does Massey Knights…and they could network with AstraZeneca’s subsidiaries since they all speak the pharmaceutical distributors language.
555dubstreet
Failure to factor race in any conversation is a misguidance. It represents an effort not to recognize lived realities and appease non Black people
angela coxSeptember 23, 2021 5:20 AM
If this story was brought to light in the USA the justice dept would have got involved forthwith and Mark Maloney instead of seeking justice on monies lost would be looking face to face with a justice system holding him accountable for buying vaccines on the black market
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
It has been brought to light in the USA in its court system.
You can be sure the actors who scammed Maloney are being investigated if they broke any laws.
Maloney is suing them civilly.
He could if there are more than one party invoke the RICO statute.
DavidSeptember 23, 2021 5:59 AM
Middlemen selling vaccine is nothing new for your information. This is to assist where ignorance abounds
Maybe just maybe you ought to put a cap on your nonsensical responses
Xxxx.
Your retort should say licensed practionerers in the field of buying and selling medical supplies drugs etc can act as middlemen
For your information
Mark Maloney does not have such authority
Go to the back of the class idiot
Xxcccc
@ 555dubstreetSeptember 23, 2021 7:32 AM
(Quote):
Business world recognises cash money not racial complexion and a rich businessman stepped up to the plate to do the deed and save the nation who happened to have a different DNA
His race is a red herring in the matter…(Unquote).
++++++++++++++++++++++++++++++++++++
That quite true!
But would you agree also that a businessman’s track record aka antecedents also play a determining role in how the People’s (government) business is conducted with that same businessman?
Have you forgotten the contents of ill-gotten gains stored in the big red bag of the current primate inter pares?
This issue also lends itself to good governance where directives are put in place to protect people and country
Evidence as told by Santia exposes a govt breaking laws and taking it upon itself to pursue paths taken only unto themselves
Was the opposition included in helping govt make the necessary decisions on buying the vaccine
This govt performance now hinges on a slope leaning dangerously close to making laws that can destroy the democratic process
A democratic process where rules and guidelines are of uttermost importance for the good of a country
Heads need to be rolling
Miller…the 2 MM & MMs really outdid themselves this time….this one is over the top and riddled with deceptions….oh what a mighty fine TRAP of a web they weaved when they practiced in 2018 to deceive..
now caught in their own web of deceptions and lies…
@ angela cox September 23, 2021 7:46 AM
(Quote):
Your retort should say licensed practionerers in the field of buying and selling medical supplies drugs etc can act as middlemen
For your information
Mark Maloney does not have such authority
Go to the back of the class idiot..(Unquote):
++++++++++++++++++++++++++++++++
Excellent retort there Ms Many Ps!
That should punch should put the blogmaster to bed for a while!
We are not dealing with an urgent order for prefabricated houses for the poor or the sourcing of an order of imported cement to build brand new Covid- quarantine facilities on the East Coast.
We will solve the problem by electing the DLP next general election.
#twiddledeetwiddledum
@Miller
We know you have a hardon once the name Maloney is mentioned.
“Failure to factor race in any conversation is a misguidance. It represents an effort not to recognize lived realities and appease non Black people”
OK
blacks are blacks
browns are browns
yellows are yellows
reds are reds
whites are whites
people are people
humans are humans
Covid don’t give a fuck and doesn’t discriminate by skin colour
beneath the layer of thin skin we are in were are all the same
blood bones organs tissues muscles capillaries water air carbon
and shit
DavidSeptember 23, 2021 8:05 AM
We will solve the problem by electing the DLP next general election.
Xxxxxxc
Thine ignorance has no bounds
Jesus take the wheel
#
It’s not that it did not cost us a cent. It’s the scent.
blacks are blacks
browns are browns
yellows are yellows
reds are reds
whites are whites
These phrases can be loaded with a subtle nuance and hidden meaning oozing with overt and covert racism in various contexts depending on who is saying it and to who and how
blacks are blacks
can mean an inferior human
bottom class worker
for exploitation
low stream student
where as
whites are whites
can mean a superior human
the boss
privileged cultured
teachers pet
what colour are good vibrations inc
Race debating without baiting
I believe Africans and Asians have very similar cultures climates lifestyles taste in foods etc
Bajans have little knowledge and experience of either and follow the Eurocentric lifestyles
@ 555dubstreet
People frequently use the terms ‘distributor,’ ‘agent,’ ‘partner,’ or ‘rep’ interchangeably. However, you’ll appreciate there’s a difference between a ‘distributor’ and an ‘agent.’
Whereas a distributor takes ownership of the product, having purchased it from the ‘principal,’ (i.e. manufacturer or supplier) and sells on to their own customers……….
…………… an agent is simply an intermediary that has continuing authority to negotiate and conclude the sale of goods on behalf of the ‘principal.’
For Radical Investments Limited (RIL) to become an agent for the vaccines, means the principal would have appointed the company to sell the vaccines on its behalf, in return for commission on sales. In this situation, since legal ownership of the vaccines and contracts with customers remain with the principal and not the agent, the former assumes legal and commercial risks.
On the other hand, assuming RIL’s sole purpose was to PURCHASE vaccines from the manufacturer and RESELL them to its customers (e.g. the islands mentioned), then the company would be acting as a distributor.
Legal ownership to the vaccines passes to RIL, which then has contractual relationship with any customers…….. and not the principal.
If this was indeed the case, then, suggesting the owner of RIL must have experience in the pharmaceutical industry or be a “licensed (medical) practitioner” is irrelevant……… unless there is information that indicates otherwise.
Since there isn’t any overwhelming amount of information on RIL in the public domain, I find it rather interesting that some people have chosen to assume Maloney ACTED ILLEGALLY and WITHOUT the appropriate LICENSE…… (if that is indeed a requirement), without presenting any credible supporting facts on which they based their assumptions.
In various trades such offshore banking agents are acting in unknown parties interests (with rules of client confidentiality) and principals are acting on their own behalf
“It’s not that it did not cost us a cent. It’s the scent.”
🤣🤣😂😂
and the COST is still up in the air..
this particular cost, the colluding gang will also feel.
Another spin bowler.
” Barbadians have no reason to be concerned about how their tax dollars are being used by the Government for purchases or deals brokered for the benefit of the country.”
Like Acting Prime Minister Santia Bradshaw, Straughn explained that Radical Investments, like many other “good will” private entities
https://barbadostoday.bb/2021/09/23/nothing-fishy-in-vaccine-deal-says-straughn-urging-no-need-to-worry/
@ David September 23, 2021 8:06 AM
Don’t you too?
After all, look how he managed to scam a big able duty-free merc out of the Bajan Treasury!
That forgone tax money could have gone a long way in paying a reputable local pharmaceutical agent to source vaccines for the Covid pandemic.
Some of it could even come in handy in the upcoming republic re-branding exercise.
BTW, don’t you think is high time that your buddy Malmoney show you his Hyatt erection; or at least the ‘concrete’ codpiece in his trousers protecting the monster?
We are sure that if you were a lady of the BU night, like the Madam angela coxy, you would have by now dismissed the fake impression displayed by the multi-talented hotel magnate.
Now where has that US$ 175 mill investment ‘radically’ disappeared to?
Karma is a bitch, isn’t she!
To fudge the ole Bajan saying that ‘One-smart’ died at ‘Two-smart’ door:
‘One-smart Bajan Malmoney died at Two-smart American entertainment door’.
@Miller
We have to focus on the system issue. We have a flawed governance model. It will not matter which government is elected, the outcome will be the same.
“Business world recognises cash money not racial complexion and a rich businessman stepped up to the plate to do the deed and save the nation who happened to have a different DNA
His race is a red herring in the matter.”
Always interesting to see who different bloggers will root for. He may have stepped up with the intention of helping or of making a big buck, or because he was asked to do so. It may have been a honest venture or as some believe an attempt to grab some money and run. I am reluctant to give him a ‘knighthood’ or medal at this time.
I may be able to buy into your ‘red herring theory’ but why is the same select group of individuals always be at the front of every making money affair.
“Like Acting Prime Minister Santia Bradshaw, Straughn explained that Radical Investments, like many other “good will” private entities”
is he not one of wiliam’s boys who worked for them prior to pimping a ministerial seat by deceiving Black voters…or is that another boy from the negro yard..,,i know for sure one of them did….think it was Sutherland
“We have a flawed governance model. It will not matter which government is elected, the outcome will be the same.”
that’s the problem with the little 11 Plus boys and girls from the negro yard, once elected to parliament through lies and deception they will always see the descendants of the first white prison colony in the Caribbean, other foreign wites and minorites as saviors and their EQUALS….and forever sing their praises although they are all CROOKED AND CRIMINAL…….
“Always interesting to see who different bloggers will root for.”
I am not rooting for him, I just don’t have the inherent hate for him that is oozing out of other’s pores.
In the Court petition he is the victim seeking legal remedy who was shortchanged 6 million large
“I may be able to buy into your ‘red herring theory’ but why is the same select group of individuals always be at the front of every making money affair.”
there are monied peoples within all races faces and places
a minority of a minority or a minority of a majority become top 1% or top 0.1%
some but not all of any race are successful
and there are many poor of all races
You would think and hope that people of a different race who have lived their whole life in a certain place would be accepted as one of them one day down the line even if it takes years or decades
That is also the cry of the black man woman and child living in white man land
who say racial stereotypes suck big and want equality one day if not today
Carrying on with ignorance if your little heart desires like a burning fire down the wire with shrinkage in the linkage
Racism will never be defeated by tolerating others who are different but by appreciating them
@Theogazerts,
there is a reason why some BU bloggers do not ” root for ” Maloney.
Do some research and see what MIA and the BLP members and supporters said about Maloney before the 2018 elections.
“As a result, the Government earlier this year agreed to purchase vaccines on the open market at around $48 per dose to supplement the shortfall.”
If this price is for the vaccines from Radical…
Two points.
(1)Let us assume that is US $24.00. Depending on the source, it could be a very good or very bad deal.
https://www.visualcapitalist.com/covid-19-vaccine-cost-eu-versus-us/
(2) The cost for 300,00 at that price is Us $7.2 M. We have seen that St Lucia paid US$2.5 for 200,000. That means roughly $10M for 400,000 vaccines. This is consistent with the 2.5M for 100K vaccines.
(3) The money paid so was probably just a down payment and part of the commission.
(4)Suspect this was for the AstraZeneca vaccine; therefore the price of $48.00 BDS per vaccine is astrozenical (astronomical) even when you allow for a generous markup.
And the want to knight the guy.
Major correction:
(2) The cost for 300,00 at that price is Us $7.2 M. We have seen that St Lucia paid US$2.5 for **100,000.
That means roughly $10M for 400,000 vaccines. This is consistent with St. Lucia paying 2.5M for 100K vaccines.
———-xxx—–
Total cost for 1M vaccine could be in the neighborhood of US $24M.
Not a bad payday if your total outlay for the vaccines is in the neighborhood of US $8-10M.
I say knight the man.
@ Theo
You should know that at the end of the day, depending on the political flag they are waving, Maloney would become or made out to be a victim.
You would recall how they pissed all over Donville . I did not hear about balance and waiting to find out more than what they had read in the papers. That too was dependent on the political flag they were waving. Suddenly we have all of this “ balance” and waiting on facts.
This is about a careless, non-transparent act of governance. What more facts do they want ?
This is about stealth and and a big up behind the scenes deal that went wrong.
This is about a Minister of Health distancing himself from negotiations made on behalf of his ministry .
If Mark Maloney was considered a black businessman, the tone of these will be completely different.
What is it so hard to admit that a party that promised transparency and proper governance seems out of touch with what it promised.
After all the DLP promised the same thing and did not deliver. And the party was cussed everyday on BU for lacking transparency re Cahill. and other issues.
Mottley , , Depeiza , Atherley and Stuart are cut from the same cloth.
Proper and transparent governance has not been the forte of the Duopoly.
It’s really time to stop the buffoonery on both sides. Pot calling kettle black getting old now. That’s why when I read the prolong and useless sniping and back and forth all I can do is laugh.
There is no balanced argument coming from either camp.
However the scent is the same.
“United Nations Secretary General Antonio Guterres reprimanded world leaders on Tuesday for the inequitable distribution of COVID-19 vaccines, describing it as an “obscenity” and giving the globe an “F in Ethics”.
this is a major part of the problem, but there is absolutely NO REASON not to network with REPUTABLE distributors and or subsidaires/representatives of vaccine manufacturers even if ya have to go on a waiting list…at least you know there is going to be delivery, it will be a wait anyway because future US donations are not due to come again until January….they may get lucky and get an AstraZeneca shipment before if they source the product through REPUTABLE DISTRIBUTORS correctly ….sans maloney/minority scams…
“Not a bad payday if your total outlay for the vaccines is in the neighborhood of US $8-10M.”
..
US paid approx $7 dollars a dose….but they bought approx more than 500 million doses.
“Total cost for 1M vaccine could be in the neighborhood of US $24M.
That means roughly $10M for 400,000 vaccines. This is consistent with St. Lucia paying 2.5M for 100K vaccines.”
so you see the conundrum…note that Barbados, St. Lucia and Bahamas populations combined is roughly 700,000….so 400,000 doses = approx $10 million……but the 1 million doses they anticipated @ 10 million the cost appears to be well above that…try more than DOUBLE.. and consistent with what the last company said the total cost would be @$23 million US..
i think that’s when everything went real sour…could it be the pretend minority millionares who feed off the treasury and pension fund just did not have all the money…..and Ma cannot play fast and as loose with IMF, CDB and IDB money LOANED in the people’s name anymore…..maybe a few millions here and there….but….
it will all come out in the Southern Florida Court wash…
These descriptive words of govt leadership enters my mind in regards to this scam
Lack of Transparency
Lack of Accountability
Corruption and illegal practices and behaviors
What Mottley ought to do instead of placing blame on social media
Place blame on herself for breaking the Trust which was given to her when elected
Time and time again she has been caught Red handed
Luckily her misdeeds were done in Barbados and not in international jurisdiction if not she might be looking at jail time
I am amused.
No animosity against Good Vibrations, who may also be ‘out of pocket’?
It would appear, that apart from conflicting statements on knowledge of events, by saying “show us the product, and we will buy it” the GoB acted in the taxpayers best interest.
Chastenet in St.Lucia, facing an election, showed less prudence and parted with funds. Possibly he knew he was losing and hoped vaccines may boost his re-election chances?
Bahamas?
All this palaver about experience, legal status etc is hot air. Get the product and we will buy 100,000 units.
Possibly the GoB said this to other entities too. It seems they understood the only way to acquire the vaccines was if another government sold them into the private-for profit market. (Sadly this does happen)
If Min Bostic had said “Yes. I was aware of entities trying to obtain vaccines for Barbados, but our terms were show us the product and then we’ll pay you”, this matter is dead, beyond MM2 seeking damages against GV in a US Court. The St.Lucian taxpayer may not agree, but that is for their government to decide. Bahamas?