American judge freezes Dos Santos assets

POSTED: 08/24/11 5:50 PM

WILLEMSTAD/ WASHINGTON –A federal judge froze more than $28 million yesterday that prosecutors say is tied to an illegal gambling operation involving a prominent Curacao businessman Robbie dos Santos.
U.S. District Judge Colleen Kollar-Kotelly in Washington issued a restraining order against three UBS investment accounts in Miami allegedly controlled by dos Santos, who is the subject of a three-year investigation by local authorities into allegations of money laundering, tax fraud and forgery.
Dos Santos , the half brother of Finance Minister George Jamaloodin, is suspected of selling millions of dollars in forged lottery tickets out of his popular gambling businesses in Curacao and St. Maarten, known as Robbie’s Lottery.

The U.S. Department of Justice received a request for assistance from the local public prosecutor’s office last month. In it, officials alleged that dos Santos has accumulated more than $52 million in illegal profits through the scheme since 2004.
Prosecutors said they’ve established dos Santos’s control over three companies—Ponsford Overseas Ltd., Caribbean Investment Group Ltd., Tula Finance Ltd.—with assets of about $28 million at UBS.

Dos Santos and his wife declared a joint income of $67,500 in their most recent tax return, according to court documents.
Dos Santos ’s companies, Jamaroma Lotteries in St. Maarten and Administratiekantoor Dollar NV in Curacao , generated less than $600,000 in profits in 2009, according to tax returns and business records cited in court documents.
In a raid last month of dos Santos ’s Curacao offices, investigators seized $282,000 in cash and counterfeit lottery tickets, according to court documents.

Did you like this? Share it:
American judge freezes Dos Santos assets by

Comments are closed.