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Miami, Florida – Miami federal prosecutors have charged British Virgin Islands (BVI) Premier Andrew Alturo Fahie, Managing Director of the BVI Ports Authority Oleanvine Pickering Maynard (O. Maynard), and the Port Director’s son, Kadeem Stephan Maynard (K. Maynard), with cocaine trafficking and money laundering conspiracies for agreeing to facilitate the safe passage through BVI ports of tons of Colombian cocaine headed to Miami. In exchange, the defendants would make millions, which would be funneled through different businesses and bank accounts to hide the money’s source. According to the allegations of the criminal complaint affidavit, during March and April, Fahie, O....

The Southern Poverty Law Center (SPLC), a far-left nonprofit known for its "hate group" designations, has surpassed a half billion dollars in total assets and now has $121 million parked offshore, according to the group's most recent financial statements. The SPLC, which is based in Montgomery, Ala., has not publicly posted its most recent financial statements on its website. However, the organization applied for renewal in the state of California days ago and submitted a number of documents pertaining to its financial standing including its most recent audited statement and tax forms for calendar year 2018, which covers Nov. 1,...

Close relatives of China’s top leaders have held secretive offshore companies in tax havens that helped shroud the Communist elite’s wealth, a leaked cache of documents reveals. The confidential files include details of a real estate company co-owned by current President Xi Jinping’s brother-in-law and British Virgin Islands companies set up by former Premier Wen Jiabao’s son and also by his son-in-law. Nearly 22,000 offshore clients with addresses in mainland China and Hong Kong appear in the files obtained by the International Consortium of Investigative Journalists. Among them are some of China’s most powerful men and women — including at...

--snip- To understand how big of a deal this is, you need to understand that Apple, the world’s most profitable technology company, works through a large and complicated array of offshore companies to hold its taxable profits overseas. By creating subsidiaries in tax havens like Ireland, Luxembourg, the British Virgin Islands and the Netherlands, the company saves billions in taxes.

Zardari took 'massive secret commissions' for securing French submarine deal: Report 2011-01-15 16:00:00 Official Pakistani documents, detailing how President Asif Ali Zardari benefited from massive, secret payments connected to the sale of French submarines to Pakistan, have been seized as evidence by a Paris magistrate investigating a suspected widespread scam surrounding the deal. The documents, published by Mediapart, show that the payments to Zardari and others took place on the fringes of the sale of three Agosta-class submarines by the French defence contractor, the DCN, to Pakistan in the 1990s. The French sale, which succeeded against rival offers by Swedish...

Note: The following text is a quote: http://www.treas.gov/press/releases/tg19.htm February 10, 2009 tg-19 Treasury Targets Financial Network of Fernando Zevallos Gonzales Washington, DC -- The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today designated 26 companies and 14 individuals tied to Peruvian drug kingpin Fernando Zevallos Gonzales. This financial network, based in Peru, Panama and the British Virgin Islands, is now subject to financial sanctions pursuant to the Foreign Narcotics Kingpin Designation Act ("Kingpin Act"). "Our action demonstrates the importance of following the changing networks of major drug kingpins, like Fernando Zevallos," said OFAC Director Adam J....

Charles Pasqua, a former French minister of interior, has emerged as one of the highest-ranking targets of the widening investigations into the Iraq oil-for-food scandal. United Nations, US and French investigators are examining Iraqi documents that show officials in Baghdad were instructed to transfer his lucrative oil allocations to an offshore company, to shield him from criticism. Mr Pasqua's alleged role has emerged as inquiries turn to the role of foreign governments in the corruption within the humanitarian aid programme. France and Russia, which opposed the 2003 invasion, have long been accused in the US of being too close to...