The Washington Post mentions Dominican former army officer, the late Kalil Haché Malkún among wealthy foreigners who have taken advantage of the tax facilities and security schemes that make the state of Wyoming a haven for those seeking to conceal their wealth. The scheme is called the Cowboy Cocktail and is about drafting a Wyoming trust to move and spend money in extraordinary secrecy, protected by some of the strongest privacy laws in the United States and, in some cases, without even the cursory oversight performed by regulators in other states.
The scheme has been successful. Trust companies in Wyoming now manage at least US$31.5 billion in assets, according to the state.
The late Kalil Haché Malkún of the Dominican Republic is mentioned. As is known, the polo player and army officer managed the private estates of deceased Dominican dictator Rafael Trujillo.
According to the Washington Post feature, Haché later described himself as a businessman; his family interests included an oil and lubricant company. In 2019, Haché, his wife and two daughters set up a Wyoming trust and an unregulated private trust company to own two British Virgin Islands companies with bank accounts in Miami, the Pandora Papers records show. Haché and his wife died of Covid-19 last year. His family declined to comment for the Washington Post story.
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The Washington Post
21 December 2021