How about that! And with all the scams these guys have pulled on investors, I seriously doubt Rufus is broke, imo.
Woods "seemed at the time to be a man with the wherewithal to finance the project," said Conway lawyer Tommy Brittain.
Brittain is representing Hix and Shoup in lawsuits filed against them by Bahama Island buyers.
"They needed someone who could get a lot of money to get the thing going," Brittain said.
Among the purported source of Atlewa's funds were bonds Woods said he could place with Euroclear, a securities clearinghouse based in Belgium.
Woods played the part of an international investor with deep pockets and a lot of clout, and his stories and paperwork seemed to check out, according to Brittain.
"As it turns out, it looks like none of that was a legitimate enterprise," Brittain said.
IBAFT:The original team was chased away from completing their goals with threats of prosecution, as they engaged in unlawful acts for the purposes of exposing the naked short.
