Missouri-based charity The Marvin M. Schwan Charitable Foundation has written off loans totaling $250 m that helped build The Ritz-Carlton, Grand Cayman hotel and residences development in the Cayman Islands. The amount was one-third of the charity's total assets.
Articles Bahamas British Virgin Islands Cayman Islands Costa Rica Featured Investment Ireland Panama Tax USAFebruary 3, 2014
US charity loses one-third of assets in Cayman Islands property investment
8 years ago
TopicsBahamas British Virgin Islands Cayman Islands Costa Rica Investment [ 4 more... ] [ top 5 ]
KeywordsAlfred Lall Birchler Mengwasser Martin Lall Credit Suisse EBR Holding Ltd. Emerald Bay
Erik Burgdorf Five Mile Capital Partners Herbert Humphreys, Jr. Keith Boheim Lawrence Burgdorf Marie N. Carlie Marvin Schwan Charitable Foundation Michael Ryan Ritz-Carlton Royal Bank of Scotland Stone Carlie[ 11 more... ] [ top 5 ]