Latest media
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.
Former BVI premier sentenced to 11 years in prison for cocaine-trafficking conspiracy
Two years before his arrest in Miami, Andrew Alturo Fahie pledged to pull back the curtain on the islands’ notoriously secretive financial services industry.
Former Defense Contractor and His Wife Indicted for Evading U.S. Taxes on Profits from Selling Jet Fuel to U.S. Military
An indictment was unsealed today charging Douglas Edelman, a former defense contractor, and Delphine Le Dain, his wife, with a decades-long scheme to defraud the United States and evade taxes on more than $350 million in income Edelman made as a defense contractor during the United States’ post-9/11 military efforts in Afghanistan and the Middle East.
Call made for civil asset forfeiture law
A straightforward revamp of Virgin Islands business law would help combat financial crime and boost the territory’s reputation while potentially putting tens of millions of dollars in the government’s coffers, according to a leading anti-fraud attorney.
Bankruptcy Trustee of indicted Chinese ‘$1B fraudster & launderer’ Ho Wan Kwok sues Ogier BVI for $350K & others for $28M
The U.S. Bankruptcy Trustee of New York-based, Chinese national Ho Wan Kwok, who is in custody awaiting trial for allegedly laundering more than $1 billion of fraud proceeds, has sued British Virgin Islands law firm Ogier
A wave of international rule-making threatens Caribbean tax havens
Their old wheezes are running out of steam. In January 2024 a court in Miami will start hearing an unusual trial: that of Andrew Fahie, the former elected leader of the British Virgin Islands (BVI).
EU blacklists Russia, British Virgin Islands as tax havens
With new entrants, roster now comprises 16 countries. EU finance ministers on Tuesday slapped the British Virgin Islands, Costa Rica, Marshall Islands and Russia on the bloc’s blacklist for tax havens.
Increased scrutiny threatens British Virgin Islands and wealthy clients
Growing international pressure on tax havens and local corruption probe put the territory’s business model at risk.
The top 15 tax havens around the world
Most of the top tax havens are island nations like the British Virgin Islands, Samoa, and Malta.
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