(PRESS SEC) – The Team Unity administration today reiterated its commitment to the highest level of due diligence and transparency in relation to the Citizenship-by-Investment program, with the revocation of passports for Mr. David B. Kaplan and his wife Lisa M. Kaplan, who are both named in a recent U.S. S.E.C. filing.
In U.S. Securities and Exchange Commission v. David B. Kaplan, Esq., et al., Civil Action No. 3:16-cv-00270 (D. Nevada-Reno filed May 19, 2016), the S.E.C. announced that it has obtained an asset freeze against attorney and Nevada resident David B. Kaplan. Mr. Kaplan is accused of misrepresenting investments and misappropriating investor funds. It is alleged that some of these funds were wired to a St. Kitts law firm, to assist them in attaining St. Kitts and Nevis citizenship.
The Kaplans’ application was processed after appropriate due diligence checks by a highly reputable, internationally renowned due diligence service provider found no evidence of impropriety or illegal activity.
Based on the filing by the U.S. Security Exchange Commission, which was released on May 27th, 2016, the Government of St. Kitts and Nevis has decided to revoke the passports with immediate effect.