Scam

Barr Group International – Major Ties With Altos Escondidos Scam

Raj Mahadevan: The Mastermind Behind Altos Escondidos And Brother Of Barr Group International’s President Dr. Raj Barr Kumar

What He Claims To Be On His LinkedIn:

(Source: https://www.linkedin.com/in/rajmahadevan/?locale=it_IT)

Born in Sri Lanka, moved to the United States in 1980, and attended Emporia State University in Kansas. Biology and chemistry were the focus of my studies. My very first job was as a janitor while I was a student in college.

International real estate investment, strategic business development, sales, and marketing expert with more than 20 years of experience in the United States as well as the Riviera Maya region of Mexico and Panama.

My expertise in developing novel approaches to finance development stems from my experience as a hands-on investor, developer, and operator with a focus on cross-cultural business operations and global market penetration. Proven track record of starting and growing multiple successful businesses, as well as acquiring and successfully redeveloping underperforming real estate.

Altos Escondidos, raw land development in Panama, is being developed by a developer who has formed strategic partnerships and hired the right management team. “The goal is to run the resort with zero net energy use.” It will be self-sufficient in terms of energy generation. As part of its mission to be a profitable business and to serve people in the community, Altos Escondidos places a high priority on environmental sustainability. With no stone unturned, the Altos Escondidos Model aims to “spread the richness of the land” by giving locals education and “green collar” job training about cutting-edge eco-friendly technology and “building a location that would be greener than when we found it”.

“The Global Sustainable Finance Conference” Sept. ’11 in Karlsruhe, Germany was organized by “The World Federation of Develop of Financial Institutions,” endorsed by the EU and UNEP, and featured presentations on the Altos Escondidos approach. Transition to sustainable living is the primary focus of the Global Green Sustainable Platform, which is currently being developed.

Visionary and Strategic are two of my specialties Investors in international real estate and business development, Real estate sales, and marketing on a global scale. Negotiation of International Real Estate. Investor, developer, and operator. Operations and market penetration involve many cultural groups in North America and increasingly Latin America. Innovative funding. Flipping properties that need repair. Entrepreneurs launching their first companies. Focus on a Vision and a mission and concentrate on executing the plan.

How Raj’s Alto Escondidos Scam Works

Athisayaraj Mahadevan was the promoter of Altos Escondidos since 2007. He was in Panama and along with Jes Black (aka Jason Black), he set up documents for the Ranger Panama Fund Series, S.A. Their intent was to attract potential victims into investing in a bogus Resort development project in Panama and steal their money. 

This scam involved fake papers, fake promises of high ROIs, and lacked any ethics.

From my research, I’ve been able to gather the following facts and truths about Athisayaraj Mahadevan’s massive scam:

Dr. Rebecca Castaneda: Dishounered Dentist Promoting The Altos Escondidos Scam

During 2007’s August, a San Fransisco-based dentist, Rebecca Castaneda started scamming her own patients. A victim of the Altos Escondidos resort scam alleged that Rebecca used her dental clinic as a front for marketing and attracting fraudulent/risky schemes. And it is assumed that Dr. Castaneda received massive referral fees for doing so.

While it might seem like a simple unethical practice, however when I looked deeper into Castaneda’s past things changed. Apparently, she was fined in the past by the authorities and she had done community service as a result. 

One of Castaneda’s victims alleged that Rebbecca made a false claim of taking a $75,000 loan to invest in Altos Escondidos. After hearing this the victim felt confident as they had received (fake) social proof of Altos Escondidos being a “good opportunity”. And they decided to invest a whopping $50,000 themselves.

After wiring the $50,000, the victim asked Dr. Castaneda for proof of her claim that she had an investment in Altos too, however as she had lied about the whole deal, she refused to give any proof. We can safely assume that Dr. Rebecca Castaneda was well aware of the fact that Altos Escondidos was a fraudulent scheme and she still proceeded to promote it. 

The victim was told that they will be taken to Panama by plane, however when they arrived at the place they were told they won’t be able to fly due to the poor weather.

After being continuously harassed and looted by the Altos Escondidos scammers, the victim decided to file a complaint with Nameandshame.com, an organization known for helping victims of scams. In two weeks, Ranger Panama Principal Partners raised more than $1.5 million in seed funding (from 15 April 2007 to 27 April 2007). This funding was for purchasing the land “69 Hectare parcel”, which was priced at $1.38 million.

In their investigation NameandShame’s contributors found Altos Escondidos woned the underdeveloped land situated in the Capira religion of Panama City. And the real price of the property was $345,000 and not the $1.38 million which Raj Mahadevan had claimed he paid for the land.

They also discovered that the current mortgage lien was for $250,000 on 15 February 2013. This lien is still listed as an active loan. Other independent investigative bodies alleged that the land might be being used for evading taxes and defrauding the government.

Later it was revealed that the office where Altos Escondidos claimed to have operated from, has been closed down and replaced by a Gynocologist’s clinic. The whistleblower went to this same office for signing the papers. 

Not only this but a local contracting business was hired by Altos Escondidos and Raj, to cutting the roads for Altos, however they weren’t paid for the job. Raj Mahadevan owed them $50,000 and they threatened to sue the company.

Victims of this scam have been trying to get justice for years now but to no avail. Raj Mahadevan and other associates in Altos Escondidos have been living large without any consequences. 

A physical inspection at Altos Escondidos’s location revealed that no work for the “resort” had been done, the locals said there have been no activity in this area of any work or construction. It was also revealed that Groupo Howard, the road builder, has intended to sue Raj Mahadevan and Altos Escondidos for non-payment of $50,000.

Involvement Of Barr Group International In the Altos Escondidos Scam

Barr Group International LLC is a Washington-based Architectural Firm established in 1981. Dr. Raj Barr Kumar is the President of Barr Group International and is also the brother of Athisayaraj Mahadevan.

Together the brothers, Dr. Raj Barr Kumar and Raj Mahadevan were accomplices in this horrid scam. They were exploiting the fact that Dr. Barr was a Former president of AIA, in order to add credibility to the fraudulent scheme.

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Barr Group International scam
Barr Group International scam
2.3 Total Score
Take Legal Action

I request you to be careful and avoid Dr. Raj Barr Kumar, Athisayaraj Mahadevan (currently residing in Panama), and Barr Group International.

2.6Expert Score
Honesty & Transparency
2.8
Reputation
2.5
Ethics
2.5
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2.5
2User's score
Honesty & Transparency
2
Reputation
2
Ethics
2.5
Customer Experience
1.5
PROS
  • -null-
CONS
  • Stole Millions Of Dollars
  • Lacks Any Ethics
  • Accomplices In A Horrible Scam
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  1. 1.1
    Honesty & Transparency
    30
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    20
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    20
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    20

    Raj Mahadevan posted a number of slanderous, false allegations about me after I published this, saying that we were lesbian lovers and that I had stolen his sex toys, boom box, cash, and a Seiko watch. He is a coward and a terrible sociopath.

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  2. 0.85
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    Watch out for Jes Black and Raj Mahadevan. These two engaged in a “bait and switch” operation that deceived investors. To con investors into investing in real estate, they engaged the aid of San Francisco dentist Dr. Rebecca Castaneda. At best, their proposal Altos Escondidos, which is promoted as Panama’s first premium green resort, is dubious. Do not fall for these con artists’ tricks.

    Even though there isn’t an office at 300 Park Avenue, Suite 1700, New York, NY 10022, they used the fictitious location to impress possible investors. There was nothing more to it than a mailing address for Jes Black.

    Raj and Jes hinted that Disney was planning to construct a resort close to Altos Escondidos in the marketing materials distributed to prospective investors. This is a complete lie!

    Raj and Jes have supplied different figures for how much they paid for the land; Raj says $1,380,000, while Jes says they spent more than $2,000,000. The actual payment was greatly inflated.

    Jes Black has already run into issues with the National Futures Association.

    Investors from the United States were informed that the plane could not fly over to Altos Escondidos on that day when they travelled down to Panama to view what they had invested in.

    Quarterly and annual financial statements were promised to investors. Not a single financial statement had been issued in more than six years. Raj refused to utilise company funds to hire an accountant to provide financial statements, so when one investor pressed him for them, Raj told the investor that he would have to pay for an accountant to do them. Raj produced what looked to be false financial statements that were not in conformity with the IFRS, which are required in Panama, in response to persistent pressure and a letter from an attorney.

    Investors were guaranteed a 100% return on their investment in between 12 and 18 months, but Raj and Jes were aware that they couldn’t keep their end of the bargain because they didn’t even have the necessary licences.

    Raj noted that he pays $1800 a month in rent for the office, even though an Ob/Gyn has been working there for more than a year. On the same floor, other renters claimed they had never even heard of Raj or Altos Escondidos.

    In 2010, Raj informed investors that three lots had been sold and that dividends would be paid to them shortly. Now, it is 2013 and Raj hasn’t paid investors a penny.

    Raj said that the roads were finished, but in a subsequent email he warned investors that he was unable to sell any more individual lots due to a lack of infrastructure.

    Raj stated that a buyout was approaching in the summer of 2012 and that investors would soon be getting a buyout deal, however as of this writing, no such package has been presented. It was merely a ploy to appease the investors.

    Raj and his fundraiser Jes Black are dishonest, deceitful con men.

    Don’t fall for these swamp scum’s tricks.

    - CONS: Scammer He deserves to rot!
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