Caribbean Islands Forums

Post New Topic

Recent Activity

View all Caribbean Islands activity »
  1. 1 What island for a solo female traveler to the Caribbean
  2. 2 Ideal wedding island
  3. 3 Best Islands to visit late Dec/early Jan
  4. 4 Help with small wedding location
  5. 5 First time visitors
  6. 6 Help choosing next vacation??
  7. 7 From Bermuda to Barbados
  8. 8 What is the food and water situation in Cuba?
  9. 9 Trip Report Anguilla is like a DREAM!
  10. 10 Trip Report In search of rum and revolution - Mr & Mrs Annhig go to Cuba.
  11. 11 Which island to visit in late September/early October?
  12. 12 Jamaica- Negril or Ocho Rios?
  13. 13 Caribbean with a 5 year old
  14. 14 St. Croix
  15. 15 How much cash to take to Cuba?
  16. 16 Favorites and Must-dos in St. Lucia
  17. 17 Trying to pick a vacation spot for Sept/ 1st timers
  18. 18 Best kids friendly resorts to stay in puerto rico
  19. 19 Island Hopping
  20. 20 Turks and Caicos or St. Thomas in October?
  21. 21 not sure where to go caymen island or panama city panama
  22. 22 Trip Report St. Thomas is dangerous
  23. 23 Havana restaurants
  24. 24 Cuba - all inclusive suggestion
  25. 25 Aruba Vacation Rentals vs Resort
View next 25 » Back to the top

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

Advertisement