ACES / American Crocodile Education Sanctuary – Lose of NON Profit Status

Posted on December 28, 2012

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ACES / American Crocodile Education Sanctuary – BEED Fund Closes

With the closure of the BEED Fund ACES / American Crocodile Education Sanctuary will not longer have a means to operate an NGO or Non Profit under the US TAX laws in the United States.

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As Cherie Rose stated on her Croc Blog a few days ago the The Belize Economic & Ecological Development Fund Closes as of January 2013.

As a director of the Belize Economic and Ecological Development Fund no directors meeting were held in making this decision. If one was held perhaps it would be advised that  ACES / American Crocodile Education Sanctuary should post the directors meeting for all to understand why The Belize Economic and Ecological Development Fund or BEED Fund as it is listed on ACES / American Crocodile Education Sanctuary web site is ending.

As a director of the ACES / American Crocodile Education Sanctuary and Belize Economic and Ecological Development Fund my concerns are that the Sanctuary is perhaps in Financial trouble.

Reasons perhaps could be the following:

Vince and Cherie Chenot Rose are waiting for a decision by the Belize Supreme Court about their claims related to the fire at ACES / American Crocodile Education Sanctuary. The windfall could net the Roses over 950,000BZ if the Supreme Court makes that decision the Roses and ACES / American Crocodile Education Sanctuary will find themselves with a huge Tax Liability in the US. The IRS states any American must report income earned outside of the US each year.

As a director of the The Belize Economic and Ecological Development Fund my concerns go into the fact that on ACES / American Crocodile Education Sanctuary web site all the property owned by Vince and Cherie Chenot Rose is for sale. Nothing strange about that other then ACES / American Crocodile Education Sanctuary has a new facility in Belize. But what are they selling everything.

As a director of the The Belize Economic and Ecological Development Fund I find myself in a position of taking legal actions against Vince and Cherie Chenot Rose  DBA ACES / American Crocodile Education Sanctuary. The amount owed James Fredrick Jensen exceeds 50,000BZ. While the Roses have yet to deny owning the money this will be a case held in the same Supreme Court as the case about the Fire at  ACES / American Crocodile Education Sanctuary.

The case is based on monies invested by James Fredrick Jensen for the development of the The Belize Economic and Ecological Development Fund which I am a director and for the Inventory and construction work for the development of Adiferous Wines and Liquors of Punta Gorda Belize.

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