In June 2009 the
Miami Herald applauded the performance of an IT company known as eLandia, a Coral Gables-based information-technology provider operating primarily in Latin America.The company's largest shareholder had been the Antiguan bank Stanford International Bank, run by Texas billionaire R. Allen Stanford. He is accused by the Securities and Exchange Commission of running a ''massive Ponzi scheme'' at the bank, which now is being liquidated. Since that news in February, eLandia's stock has given back most gains made last year and is once again a penny stock.
In February 2010 the
Florida Trend reported that shareholders of eLandia were asked by the Board of Directors to throw out fellow Director Sir James Ah Koy who was in a legal dispute with the company. Only two Directors of public companies in the State of Florida were removed one being Sir James Ah Koy.
Also in February 2010
Broward Daily Business Review announced the movement of Miami Attorney Peter Prieto from the law firm of Holland & Knight which has 1100 Attorneys and which he was the Chairman of the National Litigation section to become a Partner at the boutique firm Podhurst Orseck. One of the five highlights of Peter Prieto's career was that he conducted an internal investigation at Coral Gables-based information technology firm eLandia International for possible violations of the Foreign Corrupt Practices Act.
Since Sir James Ah Koy is an Official Representative of the illegal military led government of the Republic of the Fiji Islands, we wish to know the circumstances surrounding his removal from the Board of eLandia. Surely there must be a valid explanation since he is a Knight and a successful entrepreneur whom we have and will always admire and respect.
