est. 2007

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UPDATE: Questionable Radical AstraZeneca ‘Purchase’ Attempted

The following was extracted from a comment posted by Walter Blackman to respond to BU commenter Bush Tea on another blog Nation Publishing MUST Do Better – Blogmaster … However, I must express great disappointment and dismay at the level of stupidity you are displaying with respect to the Astrazeneca vaccine procurement scandal. I am a…

, ,
Walter Blackman – Actuary and Host of Brasstacks
The following was extracted from a comment posted by Walter Blackman to respond to BU commenter Bush Tea on another blog Nation Publishing MUST Do Better – Blogmaster

… However, I must express great disappointment and dismay at the level of stupidity you are displaying with respect to the Astrazeneca vaccine procurement scandal. I am a moderator, so I cannot give anyone the impression that the Astrazeneca Vaccine Procurement Scandal is an item on my personal political agenda. After reading the various articles in the press, I have analyzed the situation and agree that Barbadians only needed 300,000 vaccines at US$3 per dose. That means that Barbadian taxpayers should have been asked to only pay US$900,000 for the Astrazeneca vaccine.

Instead, we have a situation where the Permanent Secretary in the Ministry of Health & Wellness (the Accounting head of the Ministry) wrote Astrazeneca and told them that she was ordering 1 million doses of the vaccine, and the million doses will be for the exclusive use of Barbadians and will not be resold.

Meanwhile, the PM of Barbados, from an interview in NY, said that Barbadians will have to pay US$24 per vaccine dose. Although Astrazeneca said that they will only be dealing with governments or COVAX to limit the profitability of the vaccine , the Government of Barbados asked them to deal with Radical Investments Ltd., a foreign company owned by Mark Maloney. So straight away, Barbadian taxpayers were being asked to pay US$24 million for Astrazeneca vaccines that should have only cost US$900,000.. The Minister of Health & Wellness said that he did not know that Radical Investments Ltd. as a company existed, so he would be bringing his political career to a sudden and unexpected end.

Barbados only needed 300,000 vaccines, so the extra 700,000 vaccines that Barbadian taxpayers would have paid for, based on the order placed by the PS of Health & Wellness, were now to be sold to St. Lucia and the Bahamas at US$27 per dose. The amount of money destined to pass through the hands of Radical Investments Ltd., owned by Mark Maloney, amounted to US$42.9 million. This is the heart of the Astrazeneca vaccine procurement scandal. The plot was hatched in secrecy, and everything would have worked like a dream if Mark Maloney had not been robbed by the “3-card men”, and forced to produce documents in a USA court..

The Government of Barbados, so far, has been unable to provide a credible defense against the scandalous allegations.

Now, in order to ventilate and discuss this matter further, I would have needed a caller to call the Brasstacks program and initiate discussion on the matter. That caller could have been you. Unfortunately, instead, you chose to sit on your backside and criticize me. Useless, lazy, dim-witted Bush Tea.

So far, you have wasted your time, my cursed friend. The opportunity is still there, though. Let us see if you can seize it. Call Brass Tacks and raise the issue. Or is that too much for your lazy backside to handle?

Feel free to cuss me if you want. I simply do not care.

409 responses to “UPDATE: Questionable Radical AstraZeneca ‘Purchase’ Attempted”

  1. TLSN Avatar
    TLSN

    @ African Online Publishing Copyright ⓒ 2022. All Rights Reserved on

    This AstraZeneca transaction would make for a great Hollywood movie. Which actor would play Maloney?

    This court case is wonderful as it unveils how business is carried out in Barbados and why our island has lost its future.

    It is left to the nigas, the real people with intelligence and the home-grown BU comedians (they know who they are) to usher in change. Just don’t hang your shirt on this ever happening. The fools would prefer to go down with the sinking ship.

  2. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “This court case is wonderful as it unveils how business is carried out in Barbados and why our island has lost its future.”

    Donville told a federal judge that’s EXACTLY how business is done, no ethics, nuff fraud, nuff corruption, nuff scamming….”dah is how we does do business”..they don’t even see it as criminal, and that’s the whole problem, wuh if they don’t see slavery or human trafficking as crimes with their broken minds, they will never recognize corruption and thefts against themselves as criminal..

    “Just don’t hang your shirt on this ever happening. The fools would prefer to go down with the sinking ship.”

    we already know it’s never going to happen, they are wedded to self-destruction….those who know better have already or are in the process of moving out of the way, let them crash by themselves….they like it so….when it happens watch them boast how proud they are…

    ..ya int see a total ass coming on talking about who is “defendant and who is petitioner”…like someone is suppposed to care about thieves and corrupt crooks robbing each other, especially if the money that get tief and spent on strippers came from taxpayers and they are hiding that too as some have said for a long time…..they are having a laugh-a-ton on other sites…while these here are looking for sympathy for hardcore criminals who should all be in PRISON..

  3. Dame Bajans Avatar
    Dame Bajans

    Piece predicted all of this and more. I suppose he is in Mary Land laughing.

  4. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “Piece predicted all of this and more. I suppose he is in Mary Land laughing.”

    as well he should, he got so much more to laugh at. Laughing is healthy…remember the hard time he got for saying what he knew, but who laughs last, at least he can sleep at night.

  5. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Bushman….the word around is Nuremberg Code is activated, heard one doctor from Malaysia, then two, got executed already, want them to pick up each and every one of them…no exceptions, clean up the Caribbean, take them down everywhere..

  6. Frank Avatar
    Frank

    Scamoff
    Two scammers, with another wedged between them.
    Meanwhile, cannot find a word in St.L media, where their taxpayers actually put up money.
    One scammer tells, another scammer wrote the letter for the MoH in Barbados?
    And both GoB and GoSt.L speaking of foreign investment. Who the hell would be stupid enough to invest? Another scammer?😭
    The only relevant matter is they make political contributions.
    What a cabal.

  7. David Avatar
    David

    Maloney not testifying in trial

    By Maria Bradshaw
    mariabradshaw@nationnews.com

    Businessman Mark Maloney will not be testifying when the much-anticipated civil case involving his company, Radical Investments Ltd (RIL), finally gets under way in the United States District Court Central District of California tomorrow.
    RIL, which is based in St Lucia, is suing Good Vibrations Entertainment (GVE), a Florida company, and its owner Alex Moore, over the failed delivery of US$10 million worth of AstraZeneca vaccines for Barbados during the COVID-19 pandemic.
    The civil action, which is being heard by a jury, concerns piercing the corporate veil, civil conspiracy, fraud, negligent misrepresentation, unjust enrichment, conversion, breach of contract and violation of the California Unfair Competition Law (UCL).
    While Maloney is not slated to testify, his Barbados-based attorney, Olivia Watson, who was his legal representative during the transaction, is set to be the first to take the stand at 3 p.m.
    According to court documents, her testimony is expected to last for about three hours.
    Other witnesses include attorney Charles Stein, the escrow agent during the transaction; Moore, defendant Moniladai Coley, Rance Bauman, Cheryl Chamley and James Scott.
    In its pre-trial pleadings, the plaintiff noted: “This action concerns the attempted purchase of AstraZeneca COVID-19 vaccines by RIL. RIL was authorised by the Government of Barbados to procure COVID-19 vaccines. In order to purchase the vaccines, RIL was directed by defendant Alex Lee Moore, Jr aka ‘Flex’ (‘Moore’) and his company Good Vibrations Entertainment (collectively ‘Moore defendants’), to deposit $12.2 million with defendant Charles Stein and his law firm, Davidovich Stein Law Group, who were tasked with serving as the escrow agent for the transaction.
    “The vaccines were to be purchased directly from AstraZeneca, a company which was manufacturing and distributing COVID-19 vaccines at that time.
    RIL provided Stein with very strict escrow and payment instructions which were memorialised in a purchase and sale agreement (PSA) and attendant escrow and paymaster agreement (escrow agreement). Despite RIL’s instructions, Stein misappropriated the majority of RIL’s funds to his co-defendants, wiring $6.7 million out of his IOLTA account in a manner which was not authorised by RIL.”
    The plaintiff added that “$4.2 million of RIL’s funds were wired to Moore defendants, despite the plain terms of the escrow agreement and PSA stating that GVE would only be paid a $2 million commission if the vaccines were successfully delivered”.
    “Further, entirely unbeknownst to RIL, Stein and Moore colluded to convince RIL that the true cost of the vaccines was far greater than it actually was.
    Their intent was to reap an enormous financial windfall upwards of $8 million. This was based on the price differential between the true purchase price for the vaccines ($2 million) and the ‘purchase price’ of $10.2 million as misrepresented to RIL.
    It is undisputed that the vaccines were neither sourced nor delivered to Barbados.”
    Bank records
    The pleadings further state that defendant Moore “accepted, retained and ultimately spent or withdrew the entirety of the $4.2 million of his illgotten gains”, adding that bank records would show that Moore “spent RIL’s funds on luxury vehicles, at nightclubs and gentlemen’s clubs, on plastic surgery, and that he either sent to family and friends or withdrew millions of dollars in cash”.
    “RIL has alleged that the corporate veil of GVE should be pierced in order to hold Moore personally accountable for the actions of GVE. More specifically, RIL alleged that Moore used GVE to misrepresent, defraud and ultimately to swindle RIL out of nearly $6.7 million, and that GVE’s only real purpose was to shield Moore himself. Plaintiff has alleged that Moore co-mingled funds and other assets, failed to segregate funds of the separate entities and engaged in unauthorised diversion of GVE’s funds for non-corporate uses . . . ”
    In terms of the failed transaction, RIL further contends: “. . . in the event AstraZeneca failed to issue an invoice . . . RIL would also be entitled to a full return of its funds. Despite Moore not delivering the vaccines, and not providing a proper invoice, and despite RIL’s repeated requests that Moore return the funds, Moore retained, and ultimately wasted, plaintiff’s fund.”
    Regarding the verdict, RIL noted: “If a jury finds that any of the defendants committed fraud and/or conversion that harmed RIL, then they must determine whether each of the Moore defendants are also responsible for the harm.
    The Moore defendants are responsible if RIL proves, respectively, both of the following: (1) That the Moore defendants were aware that their co-defendants [and others] planned to defraud RIL/convert RIL’s funds; and (2) That the Moore defendants agreed with their co-defendants [and others] and intended that the fraud/conversion be committed.”
    In terms of the Moore defendants’ defence argument that to the extent they were negligent, that the plaintiff was also negligent in that it did not perform adequate due diligence as it relates to defendants Prestige Pegasus/Coley, RIL submitted: “This affirmative defence is deficient as pled and RIL is entitled to judgement as a matter of law.”
    RIL added: “The Moore defendants must show that defendants or plaintiff were negligent or were a substantial factor in causing the damages plaintiff is alleged to have suffered. If the Moore defendants can show that plaintiff or other defendants were a substantial factor in causing RIL’s damages, any award made in favour of the plaintiff in this case must be reduced by an amount equal to the percentage of the fault of others in causing or contributing to the damages as alleged in the complaint,” but noted: “This affirmative defence is deficient as pled and RIL is entitled to judgement as a matter of law.”

    Source: Nation

  8. Don't cry for one smart Avatar
    Don’t cry for one smart

    I have stopped following “One smart died at two smart door”

  9. David Avatar
    David

    St Lucia receives audit report on vaccine debacle

    CASTRIES – The Lucia government Wednesday said it had received an audited report into the controversial arrangements regarding the purchase of 100 000 doses of the coronavirus (COVID-19) vaccine that left Castries still awaiting the delivery of the product despite having paid EC$7 million up front.
    Prime Minister and Minister of Finance Phillip J. Pierre said that the report would be released “when the government sees it fit”, as he criticised the previous administration for paying the funds “up front” without receiving the vaccines “up to today”.
    “If proper procedure had been used for the purchase of these vaccines that would never have happened. St Lucia is the only government which paid money in advance. St Lucian taxpayers are the only taxpayers who are up to today still suffering from the reckless of that action,” Pierre said in a statement.
    “The point that is always forgotten is that it is not my money, that’s the taxpayers of St Lucia, the people who pay taxes and some of it is grant money that other people’s taxes pay. How can you take seven million dollars in advance and pay to a supplier and up to this day, the people of St Lucia have not received their seven million dollars back and that case now is in the courts of the United States,” the prime minister said.
    Pierre said he had nothing against the supplier, “my business is the people who took seven million dollars of taxpayers’ money and went against all the rules”.
    On July 1, 2021, the St Lucia government of then Prime Minister Allen Chastanet issued a statement stating that along with The Bahamas and Barbados, it initiated a bulk purchase of AstraZeneca vaccines, through Radical Investments, owned by Barbadian developer Mark Maloney, as part of a regional bulkpurchasing arrangement between the Caribbean countries.
    “St Lucia’s contribution towards this arrangement was EC$7 335 630.56 to secure 100 000 vials of the vaccine.” (CMC

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