Volkskrant exposes Greenfield fraud

11 Apr

The premier quality Dutch newspaper, De Volkskrant, has exposed the fraud conducted by Michael Rietveld and James McCann in a comprehensive story.

In an article in the Economics section of the paper on Saturday 31 March 2012, Economics Editor Erik Bloem detailed how McCann and Rietveld stole €150,000 from Belgian Marc Janssens, took in over €4 million from small investors in the Netherlands, ran up debts of over €3 million to creditors — and walked away when the Belarus government withdrew its support from their company, Greenfield Project Management Ltd, and its project.

Unfortunately, even though the Dutch public prosecution service and the FIOD (Financial Intelligence and Investigation Service, part of the Taxation Authority) have spent six months investigating the crimes of these two fraudsters, they have now decided they have not enough evidence to pursue criminal charges. In any case, McCann is on the run, probably living in the south of Spain, and Rietveld’s whereabouts are unknown.

Belgian police continue their investigations.

Volkskrant 31 March 2012

A copy of the article in Dutch is provided below, with a link to a translation into English by the newspaper.

Download article in Dutch

Download English translation: Great Belarusian Disappearing Act

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