Stafford Sands
 | This article relies largely or entirely on a single source. (February 2021) |
Sir Stafford Lofthouse Sands (23 September 1913 – January 23, 1972) was a former
offshore banking
on the Bahamas.
Early life and education
![[icon]](/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (February 2024) |
Career
Stafford Sands was a lawyer who, from 1946, represented
Jewish mobster was the inofficial director. A key development was the introduction of the Eurodollar by which the mafia could transfer money from the US via the Bahamas to Europe.[2]
From 1958, when party politics began, Sands had a prominent role in the
Commission of Inquiry
reported that Sands and the UBP received large payments, represented by Groves as "consulting fees," from the casino interests.
Personal life and death
Sands permanently left the Bahama islands for exile in Spain, along with his considerable fortune. He died age 59.
Legacy
He is credited with being an architect of Bahamian post-war prosperity and has been dubbed the "Father of Tourism" in The Bahamas.[3] He allowed
offshore banking on the Bahamas.[2]
His portrait appeared on the 10
Queen Elizabeth II
.
References
- ISBN 9781317792260– via Google Books.
- ^ a b c "Mafia und Banken (1/3) - Die Pionierzeit - Die ganze Doku". Arte (in German). 2024. Retrieved 2024-02-14.
- ^ Simon, "Facts and Fiction About Diversification", Bahama Pundit, 9 August 2010.
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