The IRE website will be unavailable while we complete routine maintenance on Friday, September 17 from 8-10 am CT.
IRE favicon

Shop

Resource ID: #25943
Subject: Government
Source: Virgin Islands Daily News
Affiliation: 
Date: April 30, 2012

$0.00

Description

The Virgin Islands Daily News' investigative report “License to Steal” blew the whistle on the V.I. government's lax oversight, loose laws and wide loopholes that were an open invitation to rip off Virgin Islands residents. The newspaper's two-month investigation not only tracked a con man's many identities and unearthed his record of financial fraud, it also turned a spotlight on what the V.I. government did and did not do to protect residents from schemes like this one, a bogus credit union. The same day we published the report, the V.I. government announced that it would respond with a two-pronged regulatory and prosecutorial approach aimed at closing the loopholes and assisting the bogus credit union's depositors.

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   info@ire.org   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram