A Spotlight on Mikko Pakkanen and Hugo Sluimer’s Business Ventures and Record Real Estate Sale
IN THE INTEREST OF THE PUBLIC
Hugo Sluimer and Mikko Pakkanen are investors and public figures that buy and sell real estate in Miami-Dade County, Florida, through Blue Key Investments, LLC, its subsidiaries and may be connected to allegations of money laundering and tax evasion.
Blue Key Investments, LLC's record-breaking transaction was located in Miami Beach's famous Setai Hotel (Setai Penthouse B), which was purchased for $15 million and sold shortly after for a whopping $27 million by power broker Jeff Miller of Zilbert International Realty. (Actual selling subsidiary: Setai Ph Villa B, LLC EIN 27-2643563)
The majority investor
in Blue Key Investments, LLC is Mikko Pakkanen, who is the owner and founder of
software company E-BROS OY in Tampere, Finland. The Pandora Papers, leaks, and
public records recently uncovered that Mikko Pakkanen is also the beneficiary
owner of multiple offshore companies such as: Restinver Investments Limited
(British Virgin Islands), Oceanway Trading Limited (British Virgin Islands),
and other entities in the BVI and Malta. Interestingly, the Pandora Papers
exposed Pakkanen and his companies for having deep business relationships with
Paul Michiel van Lienden's International Corporate Services aka ICS, whose name
pops up in some of the biggest fraud, money laundering, and corruption
lawsuits. Another offshore entity of interest is Rasumus Investments Limited,
which briefly owned Blue Key Investments, LLC according to sunbiz.org annual
filing.
Pakkanen's business partner, Dominican Republic socialite Hugo Sluimer (Netherlands), who resides in Casa De Campo, was also an investor in Blue Key Investments, LLC and reportedly invested $1 million in the project. Offshore leaks also revealed that Sluimer has offshore companies such as: Swiss Boulevard Investment Limited (Panama), which is also managed by none other than Paul Michiel van Lienden from ICS. However, Sluimer was caught lying in a recording about his relationship with Paul van Lienden "You do business with Paul van Lienden." Sluimers responded "How did you come to that conclusion? I don’t do business with him. He never reported anything." , Open Corporates clearly indicates that Paul Michiel van Lienden is a director of Hugo Sluimer's company:
Why Sluimer lied is suspicious and it should be investgated.
In 2019, according to US public records, Sluimer and Pakkanen were accused
of money laundering and tax evasion in relation to Blue Key Investments, LLC.
Sluimer sued for slander in an attempt to salvage their reputation, but unfortunately for the business partners the
case was dismissed by the judge in its entirety on Janury 4th 2021 (public records). In a desparate move, Sluimer and Rob Koster then offered the defendants "with predudice" to be able to exit the lawsuit which was accepted and ordered on February 4th 2021.
However, recently released emails to and from Sluimer confirm a "clean formula" using offshore companies did exist:
To: Hugo Sluimer <hugosluimer@gmail.com>
Sent: Wednesday, November 14
Subject: Re: Bahamas / US Tax Structure
Hi Hugo,
How are you?
A
friend asked about you and your memorable penthouses. You met him in Miami.
Anyway, he is still very interested in your structure and how you are legally
able to avoid US taxation through Bahamas shell companies while flipping
property in Miami. He thinks it is not possible.
As I
understand it from you:
·
There are 2 offshore companies.
·
You pretend to be the “lender”. You
are absolutely not allowed to be in the real estate company.
·
Your partners / friends are the real
estate investors and borrow the money from you. (their own funds + yours)
·
You the “lender” charge very high
interest to move the profits out of taxable waters.
·
Then as interest accrues you the
“lender” slowly distribute the profits to yourself and partners tax free.
·
xxxxxxx set up this structure for
you.
Please
let me know if this is correct…
HUGO
SLUIMER RESPONSE:
From: Hugo Sluimer <hugosluimer@gmail.com>
Sent: Wednesday, November 14, 2018 3:16:18 PM
Subject: Re: Bahamas / US Tax Structure
Please
don’t disclose any such info to anybody since it is confidential.
We
are sure that we found a clean formula that works (double/triple checked it
with specialists) and so far so good.
The
details that you outlined below are partly incorrect and incomplete, but I
don’t want to specify the exact ingredients.
I
trust that you respect our confidentiality request to not disclose any such
info to 3rd parties.
Thx
Hugo
Sluimer clearly seems to be very worried about confidentiality and refuses to give the exact ingredients of what he calls a "Clean Formula."
The email indicates that Sluimer was allegedly not supposed to be a member of Blue Key
Investments LLC as he was the 3rd party "pretend" offshore
lender. However, the following email confirms he did have a financial interest
in Bentley Bay PH, which is owned indirectly by Blue Key Investments, LLC.
From:
Hugo Sluimer [mailto:hugosluimer@gmail.com]
Sent: Wednesday, October 09, 2013 10:58 AM
To: paula sanchez; Rob Koster; Dennis Sluimer; H. Vijverberg; jnoordyk@yahoo.com
Subject: Re: Bentley Bay PH ready for sale
On Monday,
October 7, 2013, Hugo Sluimer wrote:
After 2 1/2 years renovation/make over we're ready to make some money. the bar
pole is waiting, any lead is welcome, haha.
Details
below.
BR
Hugo
If Sluimer was a member of Blue Key Investments, LLC which the email suggests then the manager Janne Keskinen should have withheld US federal taxes on his behalf for his share of the $12 million gross profit made on the Setai PH B sale. However, emails and Sluimer's own admission in a recorded phone conversation indicate that he did not have an ITIN or SSN which is a pre-requisite to file Federal tax returns or to withhold taxes.
Mikko Pakkanen was asked questions about the alleged money laundering and tax evasion scheme but did not respond to the multiple requests. Janne Keskinen and Mirjami Keskinen equally are staying silent.
To be continued
Read more about Hugo Sluimer or Mikko Pakkanen
Hugo Sluimer's false claims of Monaco citizenship
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