NMI identifies 26 persons, entities used allegedly as dummies

The CNMI government has established that ComputerLand Corp. retail chain founder William H. Millard and his wife Patricia allegedly have sought to conceal ownership of their assets in the U.S. by storing their assets in the names of family members, associates, and certain front companies.

Attorney Michael S. Kim, in his declaration filed last week in the U.S. District Court for the NMI, disclosed that the front companies are managed and run by the Millard couple’s adult children and/or their personal associates.

Kim is a member of the New York-based law firm Kobre & Kim LLP that the Fitial administration tapped in 2010 in hopes of collecting over $118 million in unpaid income tax plus interest from the Millard couple.

Kim filed his declaration in support of the CNMI government’s motion asking the District Court to issue a letter requesting the Grand Court of the Cayman Islands to allow the Commonwealth take testimony and obtain evidence in aid of the proceedings.

The Millards left Saipan in August 1990 and their whereabouts have been unknown, until recently when the law firm and investigators tracked the couple on Grand Cayman Island in the western Caribbean.

Kim named 16 persons that the Commonwealth believes, based on documents and information, who have received funds from the Millards and or assisted the couple in the concealment of funds and assets, and or may have information on the location of the couple’s assets.

The individuals are the Millards’ daughters Barbara Logan, Ann Keidser, and Elizabeth Judith, and five grandchildren—Eric Logan, Cassandra Logan, Maxwell Wichman Keidser, Robert Judith, and Jacqueline Judith.

The eight other individuals are Michael Judith, Paul Logan, Curtis Keidser, Kathleen A. Gillespie, Terry M. Giles, Karen C. Owen, Jim Jiminez, and Antonio S. Guerrero.

Kim said Guerrero, a CNMI citizen, has purchased properties on behalf of the Millards in the CNMI, and then provided the couple with longterm leases on these properties in the late 1980s.

Kim said the Millards, not being CNMI citizens, were barred from owning property directly under Commonwealth property ownership laws.

Kim also named 10 entities that the Commonwealth believes have received or channeled funds from the Millards and or assisted the couple in the concealment of funds and assets, and or may have information on the location of the assets.

The entities are Vizco LLC in Florida, The Millard Foundation in California, The Lifestar Institute in California, Capital Properties Ltd. in Cayman Islands, Calypso Business Logistics Inc. in Florida, Silverbox Entertainment LLC in Florida, Maximum Enterprises Inc. in Cayman Islands, Maximum Enterprises Ltd. in Cayman Islands, Bamba Ltd. in Cayman Islands, and The Diamond Trust in the CNMI.