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    • Judge describes Bancroft Life’s offshore insurance program as ‘a scheme to defraud the United States’

    Judge describes Bancroft Life’s offshore insurance program as ‘a scheme to defraud the United States’

    A United States federal judge has ruled against St. Lucia-licensed insurer Bancroft Life & Casualty ICC, Ltd. in a lawsuit against one of its insureds, U. S. taxpayer Cesar Scolari, determining they both participated in “a scheme to defraud the United States from tax revenues”.