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Articles Banks & Trusts Canada Cayman Islands Featured Fraud Insurance Money Laundering USAFebruary 29, 2012

Client of Cayman banks indicted for $374 healthcare fraud in U. S.

mm
By
13 years ago

Topics

Banks & Trusts Canada Cayman Islands Fraud Insurance
Money Laundering USA
[ 2 more... ] [ top 5 ]

Keywords

Edmund Pankau Euro Bank Corporation Guardian Bank and Trust (Cayman) Limited Jacques Roy KPMG
Medicaid Medicare RBC The Offshore Money Manual
[ 4 more... ] [ top 5 ]

Highlights

  • Accused fraudster had accounts at Guardian Bank and Trust, Euro Bank Corp. and The Royal Bank of Canada, all in Cayman, claim prosecutors
  • The account at RBC was set up using a false name, it was alleged
  • U. S. opposes bail, claiming Dr. Jacques Roy "has already prepared to flee by creating a fake identity and sending the proceeds of his fraud offshore"

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Texas-based Canadian doctor Jacques Roy, who has been indicted in the U. S. for allegedly perpetrating a $374 million health care fraud, had accounts with at least three banks in the Cayman Islands – one using a false name, according to prosecutors.

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