TT police help US Govt
By JADA LOUTOO Thursday, August 15 2013
LOCAL police authorities, acting on a request for assistance by the United States Government, collaborated with the Financial Investigations Unit and the Central Authority on an investigation involving alleged tax evasion by American businessman David Migliore, the owner of the Island Club Casino, Grand Bazaar, Valsayn.
In a statement yesterday, the TT Police Service acknowledged that it acted on a request for assistance from the US through the Mutual Legal Agreement Treaty.
The TTPS said, “Officers of the Financial Investigations Branch (FIB) of the TTPS collaborated with the Financial Investigations Unit and the Central Authority, on an investigation involving Mr David Migliore.”
The TTPS noted that while Migliore does have business interests in Trinidad, he was not a resident of this country, and the alleged breaches were related to his non-payment of US taxes, as is his obligation as a US citizen.
“The TTPS remains committed to ensuring that best practices are maintained, and will continue to collaborate with regional and international agencies in tandem with our MLAT (mutual legal assistance) signatories,” the statement said.
Migliore appeared in federal court in New Jersey on Monday, charged with failing to pay the US Government taxes of more than US$3.9 million in income for 2009, 2010 and 2011.
Migliore is accused of tax evasion, and failing to file federal personal tax returns on income derived from his ownership of Island Club Casino, resulting in a US$1 million loss to the United States.
Among the claims of the indictment, Migliore allegedly used unreported bank accounts in Trinidad to deposit personal income; used US bank accounts in the names of his limited liability corporations and business entities to get personal income from Island Club casino; directed income from Island Club Casino to be transferred directly to vendors in the United States to pay for his personal expenses; directed employees of Island Club Casino to send his income from the casino to individuals in New Jersey via Western Union for his benefit.
According to the indictment, Migliore owned several limited liability corporations in New Jersey, including Brielle Investment LLC, Brielle Investments and Management Company LLC, and Trinidad based La Soufriere Maritime Inc.