Word: caymans
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Dates: during 1970-1979
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Uncertainty envelops the figures because nobody has ever seen or touched these ''Eurodollars'' or any of the other ''Eurocurrencies.'' They exist only as bookkeeping entries at banks in such hot-money havens as London, Luxembourg and the Cayman Islands...
Carr was arrested in Boston on charges that he had failed to obey an order by a Michigan federal court to cease violating securities laws. After Carr was released on $100,000 bail, authorities believe, he fled to Bermuda or the Cayman islands. An FBI fingerprint check revealed that "James Carr" was really one Alan Abrahams, an escaped convict with a 22-year criminal record, who in 1974 had fled a New Jersey prison farm, where he was serving a sentence for a commodities scam. Officials say that Lloyd, Carr may have swindled investors out of as much...
...addition, Triffin believes, U.S. monetary authorities-including the Federal Reserve Board and the Comptroller of the Currency-should use their influence to persuade major U.S. banks to rein in the particularly openhanded lending policies of their foreign branches, especially in places like the Cayman Islands and the Bahamas. At present these branches are subject to few of the checks that the Government places on banks located...
Controlled Risk Insurance Company, Ltd., the teaching hospitals' insurance firm, is based on Grand Cayman Island in the British West Indies in order to take advantage of the island's low tax rates, Daniel Creasey, risk management consultant to the company, said yesterday...
...million. Wealthy Jamaicans have illicitly exported perhaps $200 million abroad; some of the currency has been smuggled out in fake cigarettes, fortune cookies and pork carcasses. Says one member of an intelligence force trying to halt the financial outflow: "It has replaced the smuggling of ganja (marijuana) to Grand Cayman, Miami and Canada...