Grappling with a Government-Sponsored Fraudster
In some countries, especially those with small populations, the public sector will sometimes help fraudsters swindle their victims and then protect them from asset recovery attempts. The partnership between Grenada's government, regulators and offshore banking fraudsters in the late 1990s is a classic example, as is a similar arrangement between the authorities in Antigua and Allen Stanford.
The relationship can deal a fatal blow to victims who seek investigative and legal recourse against perpetrators of fraud against foreign nationals.
This session will explore the severity of the problem and advance certain counter-offenses that can allow victims to overcome seemingly-insurmountable obstacles.
Principal, CMMC & Associates (Miami)