Asset Recovery Watch

ARW-27
Bruce Rappaport
Antigua and Barbuda
Former Ambassador for Antigua and Barbuda to Israel and Russia (Rappaport, dates of position not specified but it was in 1990 when he was appointed to negotiate the debt repayment terms)
United States
Location of Recovery Effort, Asset Location / Alleged Asset Location
1996
2009
Art.18
Yes
Private Civil Action
No
NA
In his July 2009 announcement of the Government of Antigua and Barbuda's settlement agreement and payment received from Rappaport, the Attorney General and Minister of Legal Affairs, Hon. Justin Simon QC stated, "Shortly after this Administration took office, I informed you by way of a Press Statement that the government had commissioned a financial forensic investigation and had secured the services of Mr. Robert Lindquist who had himself led like-investigations in Trinidad and Tobago where over Seven Million U.S. Dollars of illegal payments to public officials had been recovered, and that he was instrumental in the arrests and prosecutions of persons involved in the Piarco International Airport scandal in Trinidad." (Mr. Simon's statement is posted at http://www.ab.gov.ag/gov_v4/article_details.php?id=68&category=38).
Completed
$12,000,000
No
NA

According to a statement by the Attorney General of Antigua and Barbuda that was published on the official website of the Government of Antigua and Barbuda, Mr. Rappaport agreed to pay the government $12 million in settlement. In 2006, the Attorney General of Antigua Barbuda had obtained an injunction from the High Court of Antigua to freeze the Antigua account of Mr. Rappaport's Miami-based IHI Debt Settlement Associates, LLC. and Miami accounts of Mr. Rappaport's companies. (Source: Press Release by the Government of Antigua Barbuda, "Government of Antigua Barbuda Recoups U.S. $12 million dollars in case against former government officials and others," posted on July 10, 2009, at http://www.ab.gov.ag/gov_v4/article_details.php?id=68&category=38, and Statement by Hon. Justin L. Simon QC, Attorney General and Minister of Legal Affairs, "On the filing of Lawsuits against members of the former Government," March 1, 2006, posted at http://www.ab.gov.ag/gov_v2/government/pressreleases/pressreleases2006/p....)

No known criminal proceedings; Mr. Rappaport passed away in January 2010. (Source: Juliet Benjamin, "Rappaport Dies," Antigua Observer, January 9, 2010, accessed at http://www.antiguaobserver.com/?p=20689.)

Attorney General and Minister of Legal Affairs
Attorney General and Minister of Legal Affairs
NA
NA
Astigarraga David (Attorney Edward H. Davis, Jr.)
Miami-Dade County Circuit, Florida, United States