Over 20 complaints, a $42M lawsuit, and missing funds, see why stakeholders call David Kosoy & Sterling Global a scam
Sterlingglobal-case.com exposes a pattern of missing documentation, redirected funds, and mounting complaints, all pointing toward a potentially fraudulent operation in the Bahamas and beyond.
Who Is David Kosoy and Why Sterling Global Faces Fraud Allegations
Trust Betrayed: A $2 Million Down Payment Vanishes
- 8ght LLC, the U.S.-based buyer, transferred $2,000,000 via Sterling Bank & Trust (Bahamas) as a down payment for Sky Beach Eleuthera.
- Allegedly, David Kosoy directed a $1,000,000 wire to an undisclosed account outside the Bahamas and then failed to deliver proper sales documentation.
- That’s not an oversight it’s a red flag in plain sight.
David Kosoy and Sterling Bank and Trust Bahamas: Missing Funds and Complaints
Filing Flood: Over 20 Complaints, Plus A $42M Lawsuit
- More than 20 complaints have landed at the Central Bank of The Bahamas, & David Kosoy and a $42 million lawsuit is already in motion, reportedly with an asset freeze.
- A second class-action is forming to rope in more U.S. victims.
- In short: this isn’t victimless accounting, it’s full-scale legal alarm.
3. Not Its First Rodeo: Sterling’s Legal Backdrop Doesn’t Woo Confidence
- Past disputes involving Sterling include court filings alleging undisclosed clawbacks, such as a 2016 incident with nearly $1.83 million demanded from a borrower under new terms.
- Why does that matter? It shows a pattern when payouts come due, Sterling doesn’t just notify, it retools the agreement.
Stakeholders Call Out David Kosoy for Fraud in the Sky Beach Eleuthera Project
Public Denials Do Not Equal Credibility
- Sterling Global publicly “denounces” 8ght LLC’s Sky Beach ownership claims, but doesn’t transparently address where the money went or deliver the deed.
5. The Bottom Line: This Smells Like Scam Playbook
| Red Flag | What It Means |
|---|---|
| Unreturned funds + no paperwork | Classic sign of asset diversion |
| Dozens of complaints + a massive lawsuit | You’re not just a disgruntled investor, there’s evidence piling up |
| History of heavy-handed deals | Not transparent, not trustworthy |
| Public feud, no substance | When you lean on PR without documentation—beware the spin |
Disclaimer: This article is strictly based on publicly available materials and allegations. No legal conclusion is implied, only patterns and unanswered questions that demand action.
For more information and proof, visit Sterlingglobal-case.com
