HolidayKeepers Poconos: Owner Involved in a $475 Million Scam



The owner of HolidayKeepers Poconos is a scammer. He was one of the key people involved in the Credit Suisse controversy where the company agreed to pay $475 million to the government.

Before you consider doing business with HolidayKeepers Poconos or its owner, be sure to learn about his fraudulent history. The following review will help:

HolidayKeepers Poconos

What HolidayKeepers Poconos Claims to Be:

HolidayKeepers Poconos combines the best of both worlds by designing areas that have a homey atmosphere and offer hospitality similar to a hotel.

When HolidayKeepers Poconos first began, their goal was to design pleasant settings. Today’s HolidayKeepers is built on a strong foundation. HolidayKeepers started the quest to offer much better accommodations. We want to develop a platform that facilitates seamless travel and visits for visitors. Using technology, the goal is to enjoy the delight of outstanding luxury beyond hospitality. The goal is to make amazing places with valuable facilities more approachable by eliminating the inefficiencies of current stays, providing top-notch hospitality, and creating a homey ambiance.

About the CEO of Holiday Keepers & Mudiita Group Shatrughan Sinha

Shatrughan Sinha is the founder and CEO of HolidayKeepers Poconos. He launched the company after his scandalous stint at Credit Suisse. After effective branding as an investment banker and a computer science engineer, Mr. Sinha showed his entrepreneurial skills in the real estate sector, particularly the vacation rental market, which has altered the dynamics of vacation stays.

The CEO and founder of HolidayKeepers Poconos, Shatrughan Sinha, gave a little insight into the company’s incredible history, including his ideas, ambition, future growth for the vacation home business, and his latest recent purchase of Mountain Laurel Resort.

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Why did Shatrughan Sinha decide to launch HolidayKeepers Poconos?

Although the actual reason for launching HolidayKeepers Poconos was to make money after running one of the biggest financial scams in the US, his marketing team has ensured nobody finds about the truth.

According to his PR team, below is the reason why Shatrughan launched this company.

HolidayKeepers Poconos was the easiest way for a Princeton resident to get away for a good vacation. I could maintain my rental portfolio while commuting on Wall Street because it was also easily accessible. Despite the fact that I have made investments across the world, Poconos has emerged as my preference due to the region’s high ROI, widespread appeal, and widespread appreciation.

Although the HolidayKeepers Poconos real estate market was in decline, I could still see that the area had a lot of unrealized talent, particularly in the vacation rental portfolio. In the first two years, I could significantly raise my exposure to more than 40 single-family homes. Being a traveler at heart, I have seen how the world and how it operates alter as a result of significant technological developments in recent years. For the benefit of everyone and the future.

The HolidayKeepers Poconos‘ real estate market has increased by 400%. I’m relieved that my intuition and gutsy business approach were accurate, said  Shatrughan Sinha

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Exploring the Criminal Past of the HolidayKeepers Poconos Owner

For deceiving investors and breaking the Foreign Corrupt Practices Act (FCPA), Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and U.K. authorities, including almost $100 million to the Securities and Exchange Commission. The scheme involved two bond services and a syndicated loan that raised money on behalf of state-owned entities in Mozambique.

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Shatrughan played a major role in Credit Suisse’s scam (Source)

The SEC’s ruling states that these over $1 billion transactions were used to fund a concealed debt scheme, pay bribes to so far former Credit Suisse investment bankers and their middlemen, and bribe corrupt Mozambique public officials.

According to the SEC’s resolution, Credit Suisse created and distributed offering documents to investors that concealed the underpinning corruption and misrepresented how the money would be used to advance the tuna fishing business in Mozambique. Credit Suisse failed to disclose the actual magnitude and nature of Mozambique’s debts and the risk of default emerging from these agreements.

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According to the SEC’s ruling, Credit Suisse‘s weak internal accounting controls contributed to the scheme by not sufficiently addressing important and well-known bribery risks.

Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, stated that the SEC “will continue to engage closely with foreign criminal justice and government regulators with respect to cross-border securities law offenses to fulfill its Enforcement mission. Another illustration of our successful and tight coordination with peers in Europe and Asia is our action against Credit Suisse today.

Despite being in a unique situation to understand the full extent of Mozambique’s mounting debt and severe risk of default based on its prior lending agreements, Credit Suisse gave investors incomplete and misrepresenting disclosures, according to Anita B. Bandy, Associate Director of the SEC’s Division of Enforcement. The major internal accounting control failures and recurrent failures of the bank to address corruption concerns were other factors in the large offering scam, according to the report.

Separately, a London-based VTB subsidiary agreed to pay more than $6 million to resolve SEC charges relating to its participation in deceiving investors in a second bond offering in 2016. The second offering, as designed by VTB Capital and Credit Suisse, permitted investors to trade their notes from an earlier bond offering for product sovereign bonds that were issued by the government of Mozambique, per the SEC’s order. However, the SEC discovered that Credit Suisse and VTB Capital’s distribution and marketing of the offering papers omitted information on the true nature of Mozambique’s debt and the heightened risk of bond failure.

The owner of HolidayKeepers Poconos was involved in the multi-million securities fraud.

According to the SEC’s judgment against Credit Suisse, the bank violated the federal securities laws’ antifraud, internal accounting control, and files and records provisions. Credit Suisse consented to pay the SEC a $65 million fine, as well as disgorgement and interest totaling more than $34 million. The U.S. Department of Justice imposed a $247 million criminal fine as part of coordinated resolutions; Credit Suisse paid, after credit, $175 million of that amount. Additionally, Credit Suisse agreed to pay over $200 million in penalties as part of a settled case with the Financial Conduct Authority of the United Kingdom.

VTB Capital agreed to an SEC order stating that it had broken the federal securities laws’ negligence-based antifraud provisions. VTB Capital agreed to pay a $4 million fine, over $2.4 million in unpaid taxes and interest, and no confessions or rejections of the findings.

Lesley B. Atkins and Douglas C. McAllister of the SEC performed the inquiry with help from Carlos Costa-Rodriguez of the Office of Foreign Affairs, Wendy Kong of the Office of Investigation and Market Analytics, and supervising trial attorney Tom Bednar. Ms. Bandy was in charge of the case. The U.S. Department of Justice’s Fraud Section, Money Laundering and Asset Recovery Section, Eastern District of New York U.S. Attorney’s Office, Financial Conduct Authority of the United Kingdom, Swiss Financial Market Supervisory Authority, and United Arab Emirates Securities and Commodities Authority have all been helpful to the SEC.

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Conclusion: Avoid HolidayKeepers Poconos

HolidayKeepers Poconos seems like a great venture on paper. However, in reality, it’s nothing more than a shady attempt by a scammer to bury his criminal past.

Shatrughan made his fortune through scamming innocent investors.

Now, he is rebranding himself as a reliable entrepreneur.

Consumer activists are commending prosecutors for moving up their efforts to convict Wall Street accountable for improper behavior related to the financial crisis.

“Today’s filing is another sign that the RMBS working group is dead serious about holding banks responsible for their role in the housing crisis,” claims Brian Kettenring of the Campaign for a Fair Deal. This action shows that banks will be held accountable for putting homes in danger and ruining hard-earned retirement funds, just like in the JPMorgan case it did.

Beware of companies with shady owners like HolidayKeepers Poconos.



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