The name of a Mississippi businessman whose father killed Emmett Till has emerged in the Panama Papers scandal.
Harvey T. Milam of Ocean Springs, whose father, J.W., shot Till in 1955, appears in the more than 11 million leaked documents obtained by The International Consortium of Investigative Journalists, which show heads of state, criminals and celebrities using secret hideaways in tax havens.
Creditors of a failed insurance company based in the Caribbean island of Nevis, Condor Insurance Ltd., claimed Harvey Milam and others cheated investors by fraudulently transferring the insurer’s assets to other companies. Milam and other defendants settled the case in 2012 without admitting any wrongdoing.
According to the lawsuit filed against Condor Insurance, the company had more than $313 million in assets — most of which disappeared from the company’s coffers, “leaving millions of dollars in claims unpaid.”
Many of the assets were transferred to Condor Guaranty Inc., which Milam reportedly worked to set up under the Bahamian Friendly Society, which apparently offered services to members only.
“We could send out notices of the sale to all creditors etc. and really confuse the heck out of them,” Milam wrote in an Oct. 20, 2006, letter. “By then the … system will be up and running, and it will be time to buy a boat.”
The lawsuit also alleged transactions had been improperly backdated so it appeared they took place before a bankruptcy filing.
Milam could not be reached for comment, and his attorney would not comment.
|Linked To||Data From|
|Condor Overseas Holdings Limited||British Virgin Islands||Panama Papers|
|CONDOR OVERSEAS HOLDINGS TWO LIMITED||British Virgin Islands||Panama Papers|
|Condor Insurance Limited||Cayman Islands||Panama Papers|
|Condor International Co., Ltd||Samoa||Panama Papers|
|CONDOR NOMINEES LIMITED||British Virgin Islands||Panama Papers|
|Condor Nominees Ltd||Not identified||Offshore Leaks|