Mostly about Belize. A Caribbean beat in the heart of Central America, lover of Israel!! My blog http://t.co/Ozv9164f...
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1188 days ago
HIDING MILLIONS IN BELIZE OFF-SHORE TRUST
U.S. residents Michael Mastro, 87, and his wife, Linda, 62, caught in France Wednesday after more than a year on the run, are being accused by federal prosecutors of hiding millions of dollars in a
ssets from creditors in an off-shore trust in Belize, and now face a 43 count indictment.
The hidden assets included diamond rings, a Rolls Royce automobile and their $15 million Medina home. Federal prosecutors also say they transferred money from their hidden bank accounts and paid for car loans for a 2006 Range Rover, a 2007 Bentley Continental, and a 2008 Rolls Royce Phantom Coupe; household expenses; legal expenses; department stores purchases; and a bulk gold coin purchase.
The indictment includes a variety of bankruptcy fraud crimes and multiple counts of money laundering, according to U.S. federal prosecutors.
A federal grand jury in Seattle returned the indictment Thursday, one day after the Mastros were caught in the French Alps on a warrant based on six counts related to bankrupcy fraud.
According to the U.S. Department of Justice, the new indictment now replaces the six original charges filed last year as the Justice Department Office of International Affairs works to have the couple returned to the United States.