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Inside the offshore tax scheme that left iconic Olympian Donovan Bailey owing nearly $2.3 million in unpaid taxes
David Marchant
Posted: Tuesday, June 12, 2018
Joined: 9/13/2007
Posts: 1232


Toronto Star: Donovan Bailey gave the charity $3.75 million assured that one day a good chunk of the money would end up back in his pocket. It was part of a tax plan the Olympic gold medalist used to protect the sponsorship fees and prize money he had built up over years of competitive sprinting.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.