Topic: U.S. Department of Justice
Tied to scandal, reinsurer placed under controllership
Accountants from Deloitte have been appointed by the Cayman Islands Monetary Authority to control the affairs of Beechwood Re, a Cayman-based reinsurance firm being sued for fraud in the U.S., and with ties to a hedge fund whose former executives are facing civil and criminal fraud charges in the U.S.
Kansas businesswoman jailed for concealing income in Cayman
A Kansas businesswoman has been jailed for 18 months and ordered to pay $1.7 million to the United States Internal Revenue Services for lying under oath about her Cayman Islands businesses, which prosecutors said were used in a scheme to hide millions of dollars.
US rakes in $10 billion from offshore tax disclosure programs
The U.S. Internal Revenue Service has once again reminded U.S. taxpayers with undisclosed offshore accounts to use existing disclosure programs to come into full compliance with their federal tax obligations.
US argues against release of CONCACAF chief
The U.S. Department of Justice is opposing the release on bond of indicted CONCACAF president Alfredo Hawit because it fears the Honduran national may...
