NASSAU, BAHAMAS – Sterling Global Financial has issued a formal statement to address what it describes as false ownership claims made by Craig Williamson of 8ght LLC, along with his agents and affiliated parties, concerning the Sky Beach Resort & Spa property in Eleuthera.
Sterling Global Financial, led by David Kosoy, clarified in a statement: “Despite failing to meet the terms of an agreed-upon contract, 8ght LLC has continued to falsely present itself as the owner and developer of the Sky Beach Resort & Spa property. Sterling Global Financial has issued multiple formal cease-and-desist notices to Craig Williamson and 8ght LLC, directing them to stop promoting the sale of the property or claiming any ownership rights.”
The company further emphasized that it has no affiliation with the ongoing representations by 8ght LLC or its agents. “8ght LLC is not authorized by the Bahamas Real Estate Association (BREA) or the Government of the Bahamas to own, manage, sell, or develop the Sky Beach Resort & Spa property. Additionally, we would like to clarify that the website https://skybeachresort.info is not the official website of the Sky Beach Resort & Spa and has no connection to Sterling Global Financial,” the statement read.
The website promotes an “Own-Earn-Live” investment opportunity, claiming that a $25,000 investment could generate up to $127,000 annually, with in-house financing, no credit checks, and 100 percent approval.
It also asserts that the zoning for the development is classified as “High Density, Residential, and Resort Hospitality,” and that no future zoning changes are anticipated to affect the investment. According to the site, the project has pre-existing permissions, construction has already begun, and there are no outstanding regulatory or legal issues. The infrastructure is projected to be completed by Q2 2025, with bungalows expected within six months and condominiums and detached homes within 12 months.
The website further lists the developer as “a combination of US, Canadian, and local Bahamian financial powerhouse institutions and private family wealth investment offices in the US.”
It also states that the project is backed by Sterling Global and Exim Bahamas, with RBC as a backup, and that the development is supported by a major financial partner involved in four additional projects with Sterling.
Sterling Global Financial urged the public to exercise caution and verify any claims regarding the sale or development of Sky Beach Resort & Spa, or any other Sterling properties, with the appropriate parties.
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