BPS recognized in Robert Brockman $2 billion tax fraud case
The Bermuda Police Service was recently recognised by the United States, Internal Revenue Service, for its role in the investigation of a two-billion-dollar tax fraud matter against billionaire tycoon Robert Brockman and one of his associates.
This is said to be the largest ever such indictment against an individual in the U.S.
In April 2018, the Attorney General’s Chambers received a request from the United States Department of Justice (DoJ) to assist the Internal Revenue Service (IRS) with a large scale criminal tax evasion & money laundering investigation.
Detective Superintendent, Nicholas Pedro, who heads up the Bermuda Police Service, Crime Division, stated: “The Financial Crime Unit of the Bermuda Police Service was able to assist in this process by the execution of search warrants, service of production orders, and seizure of evidence locally. This evidence was shared with our U.S. counterparts which proved to be pivotal to their case against two prominent U.S. based businessmen.
Our detectives worked closely with the IRS & DoJ on the progression of this case, aspects of which remain ongoing, and hence cannot be discussed.”
Detective Superintendent Pedro added: “Bermuda, and more specifically, the Bermuda Police Service welcomes the recognition of the role we played in this transnational money laundering & criminal tax evasion matter.
This complex case highlights the role of Bermuda on the world stage, and the need for our investigators to be highly trained, skilled, and have the requisite resources available to them in order to meet international requirements & standards in the arena of financial investigations.
"We take our role on the international stage as a financial centre of excellence very seriously, and we believe this demonstrates our commitment & resolve to prevent Bermuda being used by criminals to launder criminal proceeds, said Pedro
We continue to work with our overseas partners on cases of this nature & are grateful for the recognition by the Internal Revenue Service & U.S. Department of Justice in this case.”