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    Articles British Virgin Islands Featured Fraud Insurance St. Lucia Tax U.S. Virgin Islands USAAugust 27, 2011

    Bancroft Life accused of tax shelter fraud by former managers and advisors

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    By
    13 years ago

    Topics

    British Virgin Islands Fraud Insurance St. Lucia Tax
    U.S. Virgin Islands USA
    [ 2 more... ] [ top 5 ]

    Keywords

    Andrew Watson Association Benefits Group, Inc. Bancroft Life & Casualty Boston Life & Annuity Bradley Barros
    Family Wealth Advisors, LLC Gail Sigel George Thomas Roberts Global Financial Advisors Network, LLC Intercontinental Captive Management Company, Ltd. Intercontinental Management Ltd. John R. Patton Loren Cook Nicholas John Nigel Bailey Philip Sigel Raymond F. Brook & Associates Roberts and Patton Law Firm Stuart Anolik The Bancroft Trust TMC Financial
    [ 16 more... ] [ top 5 ]

    Highlights

    • IRS allegedly defrauded of millions of dollars
    • US insureds also allegedly scammed
    • Alleged architects were US-based Brad Barros and Phil Sigel
    • Bancroft was alleged spin-off from scandal-plagued BVI insurer Boston Life & Annuity

    Related Content

    Offshore insurer Bancroft Life & Casualty and its principals, Miami tax attorney Phil Sigel and Delaware insurance advisor Brad Barros, have been accused of perpetrating a massive tax shelter fraud against its customers, the IRS and regulators in St. Lucia.

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