BVI Cases has been established to expose crimes and detail scandals in the British Virgin Islands
The offshore financial services industry has been prevalent in the BVI since the 1980s and a 2017 report by Capital Economics estimated the total value of assets held in the BVI at more than $1.5 trillion.
The BVI has a reputation for allowing multinational companies to significantly underpay corporate tax and individuals to set up multiple trust structures to avoid tax liabilities in their country of citizenship by concealing the identity of the beneficiaries.
BVI Cases seeks to collate publicly available information on these companies and individuals on this website and work towards a more transparent and accountable tax system in the BVI.
Latest Scandals Money laundering, fraud, tax evasion
Fines Against Corporate Service Providers
In October 2024, two companies from the Vistra corporate services group were fined $276,500 for breaches of AML regulations, reflecting ongoing regulatory challenges in ensuring compliance among financial service providers.
IMF Report on Regulatory Failures
A 2024 IMF report criticized the BVI for failing to enforce AML laws effectively and for its reluctance to establish transparency measures including a corporate ownership register.
The report highlighted systemic issues with governance and law enforcement, suggesting deep-seated corruption.
If you feel you have relevant information, please email us at info@bvicases.com.
Media Coverage
How a Pentagon contractor built a global empire – and a massive tax evasion scheme
Douglas Edelman rose from owning a bar in Kyrgyzstan to winning $7 billion in defense contracts, only to plead guilty this week to hiding his fortune from U.S. tax authorities.
Defense Contractor Douglas Edelman Pleads Guilty to Tax Crimes
Prosecutors allege he hid profits from $7 billion in fuel and services contracts to U.S. troops.
Individual Charged in Tax Evasion Scheme Has His Release Revoked
Defendant Douglas Edelman is alleged to have orchestrated one of the largest tax-evasion schemes in American history.