Jersey’s Attorney General has worked with the United States Department of Justice to repatriate just under $1 million to the US Treasury.
The money was repatriated in relation to the case of Ivan Scott Butler, who was convicted in the US of tax evasion.
From Alabama, Mr Butler was an automobile industry consultant and sold automobile warranties.
Rather than receiving his sales compensation directly he used two Nevada registered nominee corporations to conceal receipt of his income. He did not file tax returns or pay any taxes and in about 1999 he began to move money into multiple Swiss insurance annuit...