Tax Evasion


Jim Can wanted in Belize tax scheme linked to Calgary kidnapping

By Timothy Sawa, CBC News Posted: Oct 09, 2014 5:00 AM ET The Canadian businessman wanted as part of a giant U.S. investigation involving stock fraud, tax evasion and money laundering in Belize says in an email to CBC News that he wants to tell his “full true story … that will shock the world.” Jim Can has a controversial past in Canada, including allegations he was involved in the kidnapping of a Calgary businessman who was held at gunpoint by two associates of the Hells Angels, CBC News reported Thursday. Can faces several charges in the U.S. following a two-year undercover investigation by the […]


Belize Firm Charged in $500 Million Tax Evasion Scheme

IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was charged in an indictment unsealed today in Brooklyn federal court with conspiring to commit securities fraud, tax fraud and money laundering. Five other individuals and six companies are accused of taking part in the plan that involved as many as 100 U.S. clients, according to prosecutors. The defendants -Robert Bandfield, Andrew Godfrey, Kelvin Leach (Titan), Rohn Knowles, Brian De Wit and […]


Financial Corruption costs developing world Trillions

Illicit Financial Flows From Developing Countries: 2001-2010 A new report by Global Financial Integrity, a Washington-based group that campaigns for financial accountability reports that crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds keep growing, led by China which accounted for almost half of the $858.8 billion in dirty money that flowed into tax havens and Western banks in 2010, more than eight times the amounts for runners-up Malaysia and Mexico. “Astronomical sums of dirty money continue to flow out of the developing world and into offshore tax havens […]


My Big Fat Belizean, Singaporean Bank Account

By ADAM DAVIDSON Published: July 24, 2012 Earlier this month, I decided to see how hard it would be to set up my own offshore bank account. I figured it would be pretty difficult, because I’m not rich and don’t have a team of tax lawyers to oversee my money and because the E.U. and U.S. governments have been cracking down on tax havens by imposing stricter tax-sharing requirements. So I proceeded with some caution. I ended up working with A&P Intertrust, a Canadian company that I chose largely because I liked its Web site the best. A&P works with […]