Caribbean Islands Forums

Start a new topic Change Forum
Advanced search

St. Kitts: The Corruption & Fraud Capital of the Caribbean

Jump to last reply

In St. Christopher (St. Kitts), a tiny Caribbean nation, white collar criminals can easily hide behind banking secrecy laws. Unwitting offshore investors are easily defrauded by "corporate directors" who hide behind secret corporate entities and secrecy laws. However, in the US, directors of corporations have a fidicuary and serious legal responsibility to investors. Normally, this means that corporate directors must work to protect the fidicuary interests of their investors. Under US laws, for example, Sarbanes-Oxley (SOX) and Federal Sentencing Guidelines, it would be considered a serious white collar crime for executives of corporations to abuse their position to defraud investors and/or unjustly enrich themselves. The 1984 U.S. Computer Fraud and Abuse Act makes it a federal offense to alter, damage or destroy information on a federal interest computer. Making matters more difficult for offshore investors is the fact that these tiny Caribbean nations are very protective of the economics of tourism and the economic and political implications of justice against white collar crime in their small nation.

Obstruction of justice is a criminal charge with a very broad definition, it refers to any interference of the administration and due process of law. This can take place during an investigation, as well as during a trial. Anyone who knowingly interferes with the work of police officers, investigators, or government agencies can be charged. Someone can also be charged with obstruction of justice if they impair the efforts of a court trial. For example, threatening a juror or witness, or ordering the destruction of electronic records..

Documented in sworn affidavits, the "corporate directors" of the Angelus Resort, St. Kitts, have purged computer files and destroyed the records of the original investors. The link below includes a collection of facts about the Angelus Resort, resort "directors", news articles, selected public documents, and affidavits of former Angelus employees. We hope this due diligence site will help investors who are considering offshore investments or asset protection strategies to seriously reconsider.

http://www.rolandmthomas.com/wiki/index.php?title=Main_Page

Recent Activity

  • Announcements:
  • Writers Needed for Georgia Coast
    by Emily_D Fodor's Editor | Posted on Jul 18, 14 at 03:12 PM
  • Writers Needed for Rwanda and Uganda
    by Emily_D Fodor's Editor | Posted on Jul 18, 14 at 03:12 PM
  • Writers Needed for Zimbabwe, Zambia and Tanzania
    by Emily_D Fodor's Editor | Posted on Jul 18, 14 at 03:11 PM
View all Caribbean Islands activity »
  1. 1 Rainforest Question: Better to do a Tour or go on your own?
  2. 2 Need Help..Large group, wedding?
  3. 3 back to TCI, for 3rd time...
  4. 4 Antigua or St Martin
  5. 5 Please help me decide to go to Cuba!
  6. 6 South Beach Hotel Barbados
  7. 7 Bequia or Virgin Gorda?
  8. 8 Is this Itinerary too ambitious???
  9. 9 Trip Report A U.S. citizen's tour to Cuba
  10. 10 looking for rustic on the beach, north side
  11. 11 Planning possible retirement in USVI
  12. 12 St. Croix and sea grass
  13. 13 Multiple flights in Caribbean
  14. 14 Trip Report montego bay
  15. 15 Bermuda(I know it's not CB) or Turks
  16. 16 Better snorkeling - The Dominican Republic or Jamaica
  17. 17 Grocery Stores Near Sand Acres
  18. 18 Trip Report Sailing Sabbatical Over -- Back from the Bahamas
  19. 19 BEWARE - St. Maarten Car Rental with Dollar/Thrifty Car Rental
  20. 20 St. Thomas Frenchman's Reef Marriot Resort - Need advice
  21. 21 My First Vacation Alone & First Vacation in 13 Years
  22. 22 Turtle Cove vs Grace Bay
  23. 23 Destination like USVI or BVI (topography) where I can rent a private villa
  24. 24 Get info about weather.
  25. 25 Trip Report St. Thomas is dangerous
View next 25 » Back to the top