FTC Sending $22.8 Million to Consumers for Deceptive Real Estate Schemes

Detected February 6th, 2026

Summary

The FTC is returning nearly $23 million to 1,659 consumers who were defrauded by deceptive real estate schemes, specifically Sanctuary Belize and Kanantik. This second distribution includes checks averaging $16,462 for Sanctuary Belize investors and $6,346.39 for Kanantik investors.

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The Federal Trade Commission (FTC) is distributing $22,865,008.34 to 1,659 consumers who were victims of deceptive real estate marketing schemes involving Sanctuary Belize and Kanantik. This second round of payments, following an initial distribution, aims to compensate investors who lost money due to false promises about luxury developments and resale opportunities. The FTC's complaint, filed in 2018, alleged that defendants, including Andris Pukke, Peter Baker, and John Usher, took in over $100 million by deceiving consumers, a scheme later upheld by the Court of Appeals.

Consumers receiving checks must cash them within 60 days. The application period for redress is closed. This action underscores the FTC's commitment to recovering funds for consumers defrauded by investment scams and serves as a reminder to regulated entities about the severe penalties for deceptive marketing practices in real estate and investment schemes.

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Consumer Protection
Bureau of Consumer Protection
Investment
Real Estate and Mortgages
Advertising and Marketing
Telemarketing The Federal Trade Commission is returning nearly $23 million to consumers nationwide who bought deceptively marketed overseas real estate lots in what the sellers pitched as Sanctuary Belize, a supposed luxury development in southern, coastal Belize, as well as its nearby sister development, Kanantik.

The FTC is mailing 1,659 checks to defrauded investors. The average amount of each check for Sanctuary Belize consumers is $16,462 and the average amount of each check for Kanantik consumers is $6,346.39.

Today’s announcement represents the second mailing to consumers who invested in the Sanctuary Belize scheme, with approximately $10 million distributed previously. The first round of checks was sent only to consumers who bought property within Sanctuary Belize. Today’s checks are going to both Sanctuary Belize investors, as well as consumers who invested in Kanantik, a related development owned and operated by some of the Sanctuary Belize defendants, and other areas covered by the court relief in this case.

In November 2018, the FTC filed a complaint charging that Andris Pukke, a prior FTC defendant, and several other corporate and individual defendants deceived consumers who invested in Sanctuary Belize by promising they were investing in a luxury development and resort. The defendants, however, failed to deliver on the promised amenities, and consumers who invested in Sanctuary property lost money and could not resell their lots.

Following a trial in 2020, a federal court found that the defendants, who took in more than $100 million, duped consumers into buying Sanctuary Belize lots by falsely claiming it would be a safe investment, that the development would include luxury amenities and be completed soon, and that consumers could resell their lots.

The defendants appealed, but the Court of Appeals confirmed the deceptive scheme and the monetary judgment against Pukke and his associates, Peter Baker and John Usher. The District Court ordered the receiver to send an initial round of payments, with the money coming from previous settlements.

As part of a second round of payments, the Commission is sending a total of $22,865,008.34 to consumers. Checks totaling $20,028,170.25 are being sent to 1,202 claim applicants who invested in properties within Sanctuary Belize, and checks totaling $2,836,838.09 are being sent to 447 claim applicants who invested in properties in the Kanantik and other covered development areas.

Consumers who receive checks in this second distribution should cash them within 60 days, as indicated on the check. Consumers with questions about their payments should email the redress administrator, Rust Consulting, which is being supported by Ankura Consulting Group, LLC, at Payment@SanctuaryBelizeRedress.com.

Consumers with other questions about the Sanctuary Belize receivership can contact info@sanctuarybelizereceivership.com. The application process for requesting a payment is closed, and the receiver is no longer accepting applications from consumers. Consumers can also visit the receivership website at www.SanctuaryBelizeReceivership.com to find other resources such as FAQs.

The Federal Trade Commission works to promote competition and protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. Learn more about consumer topics at consumer.ftc.gov, or report fraud, scams, and bad business practices at ReportFraud.ftc.gov. Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.