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2004Sunday  11 January  2004

Costa Rica's Daily News Magazine!






























 
 

 

 
Villalobos Report  

 

Enrique's Magic  - Part 1
- Billion Dollar Dupe

> Part 2
 
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By Hank Guichelaar


Shortly before sunset, I found him where I left him that morning. He was sunburned, sweaty and getting pretty drunk, judging by the look in his eyes.

This had become a daily ritual.

Inner peace and a profound happiness caused his smile to go from ear to ear. He managed not to spill any of his drink while gesturing to the seat next to him.

“Did you do it?’’ he asked.

“Sure did,” I said and pondered a cocktail.

“You made damn good time round tripping it for this place.” The casual remark was a compliment and I accepted it.

“Anxious to do it, I suppose, where there’s a will, there’s a cab and your introduction made things go smooth as silk”.

“Told ya it would!” Another one of those big smiles and the glass went up in a toast, “Welcome to the club, partner!”

I looked across the incoming tide, framed on one side by a steep hill covered with tropical growth and shook my head, “This place is unreal!”

“Not only that,” my friend laughed and than managed to gulp down most of his guaro. “Besides the beauty, the wonderful people and the great food, hey, they give away money!”

And that is how my book begins…



Since then, things have taken a dramatic turn, as you are obviously aware.

You and I did not invest with The Brothers because we thought that we were going to be scammed. We did so because of their lengthy track record and because of friends’ recommendations.

Our introducers sang songs of praise and we did not want to be left out of this bonanza. A day’s delay meant lost interest.

In November of 2002 and not being the kind of guy who sits idly by and watches the grass grow, I hoped to do the best for my investment by supporting The Brothers and taking aim at their – and therefore our – enemy.

Writing about this helped me focus and maintain the determination necessary to become relentless. Incredibly, this resulted in a Private E-Mail Group that currently reaches almost one-quarter of all Villalobos Investors.

What has happened since then, you wonder?

I will tell you.

Around May of 2003, my accomplice and I were standing on the third floor of Mall San Pedro, in front of the door to Enrique’s “secret” office. The hallway there has a slight curve in it and the evidence of recently removed survey cameras was still present. It terminates at a steel door that provides immediate and convenient access to the parking garage.

This is not wildly revealing nor is it very important What is important were the words from the young lady who had emerged from a neighboring office

“He wanted all of the empties”, she said.

To explain our presence, we had started a conversation with this woman and learned that Payless Shoe Source employed her. Their shop and particularly their back storeroom were located next door to Enrique’s office.

She knew the “kind old” man, signor Villalobos and went out of her way to provide him with as many “empties” that she could muster. Enrique apparently had a great need for shoeboxes.

Empty shoe boxes, the more, the better…


While I was standing there scratching my head, I started to imagine hundreds upon hundreds of boxes, piled up and filled with the only thing that came to my mind…

I am not talking about invoices, factoring paperwork, loan statements or love letters… I was at a crossroads.

Because I literally quoted Enrique while in the early stages of mailing to my growing group of fellow investors, I hoped, supported and maintained optimistic, just like most of you.

I also had met some damn interesting people who were deeply involved one way or the other with this matter and with The Brothers personally for over two decades.

Risking loosing these wonderful sources and wells of information would be a very harsh penalty.

I also am a great proponent of the “Innocent until proven guilty” mantra. I know that in reality it’s often “innocent until proven broke” but it’s still a helluva lot better than the “preventive incarceration” antics under Napoleonic code.

So, Benefit of the Doubt is prudent until evidence removes this last hurdle… I decided to sit on all this for a while.

I also needed some more convincing myself and had to become peaceful with the notion that my investment might be gone forever.

This was not easy but when I eventually managed to remove my personal monetary interest from the equation, things cleared up in a hurry.

Meanwhile, the tone of my mailers became much less “trusting” and instead emphasized the importance of a legal victory for us, so Enrique could be free to act and have no reason to stay hidden.

Moving right along, there is something else I want you to be very aware of. I have mentioned this before but the significance of this warrants a repeat.

Whatever is going on in the legal field has absolutely no bearing on your personal financial outcome in this whole affair.

IF and WHEN the attorney Jose Miguel Villalobos wins this case, it is still up to Enrique to reappear and do what is right. Some “experts” claim that he will never re-open in Costa Rica, but most do agree that the legalities need to be taken care of and the Interpol Picture needs to be removed in order for him to show up and perhaps reopen his business.

A major hurdle is the blind hope that some have. Astonishment that they may have been “lied to” for over two decades or desperate financial situations cause this. One cannot blame anyone for reacting this way but the result is that a large majority will stand by their man and fabricate lies to support their hero.

Believe it or not, while browsing through historical con cases, it turns out that there are still “hopers and believers” even after key figures have been sent to prison and meager leftovers have been distributed among the victims by authorities.

The same holds true in our matter.

As a fellow investor, I daily encounter arguments that have no basis other than a belief in the man that seems founded in wistful thinking.

This is a strong force and needs to be reckoned with. Less than three years ago, most investors of The Brothers felt this strong. It was proven during a ripple in Enrique’s otherwise financial peace that preceded the big raid.

Contrary to popular belief, Enrique did not experience a run-on-the-bank after the Keith Nash incident. Many investors who considered withdrawing their principal, reconsidered after interest kept coming like clockwork.

This deal was just too damn good to abandon.


Hank
 

 

 

 

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