Thousands of Dutch people have invested in teak plantations with the promise of attractive returns. The stories are distressing but recognizable: you were approached by phone, received a beautiful brochure with impressive figures, invested your savings in hectares of teak in Brazil — and then everything turned out differently than promised. The returns failed to materialize. The harvesting proceeds were a fraction of what was predicted. The costs turned out to be much higher. And you, as an investor, had absolutely no way of verifying what was actually happening on that plantation on the other side of the world.
A structural problem
Teak investments did not go wrong incidentally — it is a structural problem. The construction was vulnerable from the start: Dutch investors invested via a Dutch sales office, the money disappeared to Brazil, the AFM (Dutch Authority for the Financial Markets) had no jurisdiction over the foreign plantation, there was no independent supervision, and the return promises were based on unrealistically optimistic assumptions.
The pattern is the same with almost all teak investments: sky-high expectations at the time of sale, followed by years of waiting, followed by disappointment when the actual proceeds turn out to be a fraction of what was promised — if anything is paid out at all.
The largest teak case in the Netherlands
The Goodwood Investments, Amazon Teak Foundation, and Floresteca case is the largest teak investment case of the 21st century: approximately 14,000 investors, over €300 million invested, expected returns of billions of euros that were never paid out. BFRG is conducting a mass claim on behalf of more than 1,700 of these victims.
BFRG knows the teak sector inside out
Foundation BFRG has years of in-depth experience with teak-related investment cases. Our founder has worked in the industry himself and knows the sales practices, the corporate structures, and the players from the inside. We know exactly how these constructions work, where the money went, and how your damages can be recovered. That knowledge cannot be learned from a book — it is the result of years of experience and investigation.
Other teak investments as well
Although our main case concerns Goodwood, ATF, and Floresteca, we are also open to other teak-related cases. Have you invested in teak through another company and been defrauded? Contact us. If there are enough victims, we will investigate the possibilities for a new mass claim.
