Tag Archives: Trouble in Mullet Bay: The Truth About Ansary’s Mullet Bay St Maarten Purchase

The Mullet Bay shares soon represented more than half of ENNIA’s total assets.

The complaint says the shares were, in fact, worth much less. Ansary, it says, inflated the price of the land which, on paper, stood at $400 million in 2014 — a 600 percent rise from its value at $55 million in 2002, before he acquired ENNIA.

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