Seine Bight Village Chairman Arrested for Fraud

He is the Chairman of the Seine Bight village council but police say Floyd Palacio was acting as nothing more than a scam artist when he swindled almost $40,000 from an American woman in a phony land deal. His alleged victim is American Christine Lotz and she told police that in April of this year Palacio promised to sell her a house and lot on the coastal village. Lotz claims that when she returned to the U.S. she wired a total of US$19,600 to Palacio's Scotiabank account in 6 different bank transfer transactions. Lotz returned to Belize recently but instead of moving into her new house in Seine Bight, She realized she was scammed and out of $39,200 Belize dollars. The disgraced Seine Bight village council Chairman was arraigned in court on 6 counts of obtaining property by deception. He was granted bail of $15,000 and up to newstime Palacio had yet to meet bond.