Does US President Donald Trump's alleged Russia ties extend all the way to Belize? That's what this invoice says. International news reports say it's an off-the-books payment of 750 thousand dollars to former Trump campaign manager Davis Manafort in 2009. The transaction is disguised as a payment for 501 computers and it is billed to an offshore company called NEOCOM Services Limited registered at #1 Mapp Street. That's the headquarters for International Corporate Services which probably has thousands of IBC's registered at that same address. Doug Singh is the founder and managing partner of the operation and he says NEOCOM was struck from the register of offshore companies in 2010, and was involuntarily dissolved in 2014. The company last paid its 100 US dollar registration fee in 2009, after being incorporated in 2007.
And so, while technically, the company is no longer represented in Belize, it's making major world news right now. And that's because on Monday, a member of Parliament in Ukraine released documents which were tied to Manafort's work for former President Viktor F. Yanukovych. Here's the CNN report putting all the pieces together:
According to the New York Times, this is not the first time Neocom Systems had surfaced in a corruption probe. The company's name was also called In a 2012 money laundering and stock fraud case in (KRI-JIS-TAN) Kyrgyzstan.
Singh says that the company was incorporated through a Russian client his company cut ties with three years ago. He says this decision was made after repeated queries by the FIU.
There are 160 thousand IBC's currently registered in Belize - and many are used for what is called "layering", which basically means putting distance between the source of funds and the beneficiaries to avoid regulators.
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