Ocho Rios Fishing Charters

Best Fishing Charters In Ocho Rios

WE HOOK YOU UP!

We make great memories, contact us-speak with us.

Best boats, We will HOOK YOU UP with the best experience! Let us help you REEL in some Great Memories! We have the best waiting here for You, Inquire Today We will HOOK YOU UP!

DECIDE ON A BOAT - YOU HAVE A FRIEND IN THE FISHING CHARTER BUSINESS

You are not treated just as a number or one time charter. We treat you as if you are our friend for years. We will HOOK YOU UP With a Great Experience!

RESERVE WITH A DEPOSIT - NO HIDDEN CHARGES

Our Fishing Charters are considered to be the best by locals. The problem is there are many fishing charters, and finding a good one can prove rather difficult. This is why we have the best for you!

OCHO RIOS FISHING CHARTERS, WE HOOK YOU UP!

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Calling all fishing enthusiasts! Are you dreaming of battling magnificent game fish against the backdrop of a tropical paradise? Look no further than Ocho Rios, Jamaica – a premier Caribbean destination renowned for its world-class fishing charters .

Hook into Adventure in Ocho Rios:

  • Prime Fishing Grounds:  Ocho Rios boasts fertile waters teeming with diverse marine life. Reel in legendary catches like  blue marlin, white marlin, sailfish , and the powerful  yellowfin tuna .
  • Variety for Every Angler: Explore beyond big game! Ocho Rios offers exciting  fishing  opportunities for species like barracuda, wahoo, and the vibrant mahi-mahi (dolphin fish).
  • Charters for All Budgets & Skill Levels:  We offer a variety of  top-rated Ocho Rios fishing charters  to suit your needs. Choose from luxurious yachts for an unforgettable experience or opt for a more affordable option – all catering to anglers of all experience levels.
  • Half-Day or Full-Day Excursions:  Customize your adventure! Explore the deep blue on an action-packed offshore excursion or target specific inshore species on a half-day trip.

Memories Beyond the Catch:

  • Tropical Paradise:  Imagine battling a trophy fish against the stunning backdrop of Ocho Rios’ breathtaking scenery. Create lasting memories under the Caribbean sun.
  • Expert Guidance:  Our experienced captains possess unparalleled local knowledge and proven fishing techniques. Let them guide you to the hottest spots and ensure a successful day at sea.

Book Your Dream Ocho Rios Fishing Charter Today!

Ocho Rios fishing charters offer the perfect opportunity to experience the thrill of sportfishing in a tropical paradise. Contact us today and let us craft the ideal Ocho Rios fishing adventure for you. Dates fill up fast, so book now!

Locals Favorite! You have a friend in the business!   We look forward  To Hooking You Up!  Inquire Today Dates Fill Fast! We Send Pictures and Rates!

Unleash Your Inner Angler: Unforgettable Fishing Charters in Ocho Rios

Experience the thrill of Ocho Rios fishing charters! Target trophy fish, explore vibrant coral reefs, and create lasting memories. Family-friendly, expert captains, top-notch equipment. Book your adventure today!

Unforgettable Fishing Adventures in Ocho Rios:

Calling all fishing enthusiasts! Embark on an unforgettable deep-sea fishing adventure in Ocho Rios, Jamaica. Target a variety of species: Marlin, Tuna, Mahi Mahi, and more await in Ocho Rios’ vibrant waters. Experienced captains & top-notch charters: Our skilled crew ensures a successful and memorable fishing trip.

Perfect for Every Angler:

Family-friendly excursions: Create lasting memories with your loved ones on a fun-filled fishing trip. First-timers welcome: Our knowledgeable captains guide you every step of the way. Experienced anglers: Challenge yourself with the diverse marine life of Ocho Rios. Unparalleled Service & Comfort:

Closest to cruise ships: Convenient pick-up for cruise passengers. State-of-the-art equipment: Fish with top-notch gear for a productive outing. Comfortable & spacious boats: Enjoy your fishing experience in comfort and style. Explore the Beauty of Ocho Rios:

Crystal-clear turquoise waters: Immerse yourself in the breathtaking scenery of the Caribbean Sea. Stunning coastline views: Experience the natural beauty of Ocho Rios from a unique perspective. Local insights: Learn about the area’s ecosystem from our experienced guides. Why Choose Ocho Rios Fishing Charters?

Experienced & Friendly Captains: Benefit from their local knowledge and fishing expertise. Customizable Packages: Half-day trips, full-day adventures, or private outings – we have it all! Family-Friendly Atmosphere: Create lasting memories with your loved ones. Top-Rated Service: Our friendly team is dedicated to ensuring your satisfaction. Book Your Ocho Rios Fishing Adventure Today!

Ready to experience the thrill of Ocho Rios fishing charters? Contact us today! We’ll help you plan your dream fishing trip and answer any questions you may have. Don’t miss out on this once-in-a-lifetime opportunity!

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The Finest Fishing Experience

We Love Fishing! Explore a JUST HOOK IT Charters  Experience

fishing excursions in jamaica

A Unique Adventure!

Our crew will make every trip a special one. We are not in a hurry to return to port, we spare no expense and pursue the fish of a lifetime on every trip

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What Our Customers Had To Say

“ Amazing charter, comfortable boat and great crew. We caught lots of Tuna and Mahi Mahi. It was the first fishing charter for my wife and she enjoyed it a lot!”

Sue (32) & Peter (36), Tallahassee, FL

Follow Us and Stay Tuned

Sport Fishing Jamaica Charters

Best Jamaica Sport Fishing Charters

WE HOOK YOU UP!

We make great memories, contact us-speak with us.

Best boats, We will HOOK YOU UP with the best experience! Let us help you REEL in some Great Memories! We have the best waiting here for You, Inquire Today We will HOOK YOU UP!

DECIDE ON A BOAT - YOU HAVE A FRIEND IN THE FISHING CHARTER BUSINESS

You are not treated just as a number or one time charter. We treat you as if you are our friend for years. We will HOOK YOU UP With a Great Experience!

RESERVE WITH A DEPOSIT - NO HIDDEN CHARGES

Our Fishing Charters are considered to be the best by locals. The problem is there are many fishing charters, and finding a good one can prove rather difficult. This is why we have the best for you!

BEST FISHING CHARTERS IN JAMAICA

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Jamaica Sport Fishing Charters

Unmatched Deep Sea Fishing in Jamaica:

Unbeatable Location: Fish near Montego Bay & Falmouth cruise ports, renowned for exceptional Caribbean sportfishing. Target Trophy Fish: Reel in Blue Marlin, White Marlin, Sailfish, Yellowfin Tuna, and more! No Tourist Traps: Focus on the big catches in breathtaking waters. Jamaica: A Sportfishing Paradise:

Suitable for All Levels:

Whether a seasoned angler or beginner, our expert captains and crew guide you to an unforgettable Jamaican fishing adventure. Top-Notch Equipment: Enjoy the comfort of our well-equipped sportfishing boats while battling big game fish. Variety of Options: Choose from half-day or full-day charters to suit your needs. Unforgettable Jamaica Fishing Charters:

Reel in the Catch of a Lifetime: Jamaica Deep Sea Fishing Charters

Experience world-class sportfishing in Jamaica! Target trophy Blue Marlin, Mahi Mahi, Tuna & more in Montego Bay & Falmouth. Experienced captains & unforgettable deep sea adventures await!

We hook You Up! DATES FILL UP FAST – CONTACT US TODAY 

Jamaica Cruise Excursions:

Enhance your cruise experience with a thrilling deep sea fishing adventure. Year-Round Fishing: Jamaica offers excellent fishing opportunities throughout the year. Resort & Hotel Pickups: Enjoy convenient pickups from your resort for a seamless experience. (List specific resorts in a separate section) Experienced Captains & Crew: Benefit from their local knowledge and fishing expertise.

Prime Fishing Locations:

Montego Bay & Falmouth: Renowned for world-class deep sea fishing. Ocho Rios: Target a variety of species like Mahi Mahi, Wahoo, Marlin, and more. Negril: Enjoy beautiful beaches alongside exceptional fishing opportunities.

Species to Catch:

Jamaica boasts a diverse range of sportfish: Blue Marlin, White Marlin, Sailfish, Yellowfin Tuna, Mahi Mahi, Wahoo, and more! Jamaica International Fishing Tournament:

Participate in this prestigious annual event and compete with fellow anglers. Booking Your Dream Charter:

DATES FILL UP FAST – CONTACT US TODAY

Catching fish such as shark, sailfish, mahi-mahi, grouper, snapper, tuna, wahoo, and others is extremely satisfying and you will love the possibility and challenge! We collect no payment information at this time, but if you decide to book,we accept all major credit cards.

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(1876)589-5874 / [email protected]

fishing excursions in jamaica

Parker Fishing Ja🇯🇲

Let's Pump 'N' Whine and hit the sea while having cold red stripe beers on a beautiful day of fishing with our fully experience crew.

Parker Fishing Ja is pleased to have you on-board!

Capt: Tryrone and Crew will do their best to make sure you have a fun day full of fishing.

Your fishing adventure starts on a 35' Chris Craft boat that safely take upto 6 anglers with Bathroom, Ice box, Fighting Chair.

4 Hours Half Day -US$800

5 Hours Half Day -US$1000

6 Hours Half Day -US$1200

8 Hours Full Day -US$1600

Prices based on 1-6 person.  Not recommended for children under 5 years old.

Fishing trips starts at 7:00am

All trips include cooler full with Bottle water, Sodas, Half case red stripe beers.

Transportation is available If needed.

Parker Fishing Ja is located at the Montego Bay Yacht Club, Montego Bay Jamaica and offers you a memorable time on the water.

Book your trip now and hit the water with Parker Fishing!🎣 

Mahi - Mahi

Mahi - Mahi

Blue Marlin

Blue Marlin

Snorkeling

Tightlines Charters Negril

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Welcome Aboard!

Book your spot today and set sail on your fishing adventure.

The Finest Fishing Experience

TightLines Charters Negril is a premier fishing charter company located in Negril, Jamaica. We offer a variety of fishing trips for all levels of experience, from beginners to seasoned pros. Our crews are all local knowledgeable fishermen who are passionate about sharing their love of fishing with others. They will take you to the best fishing spots in the area and ensure that you have a safe and enjoyable fishing trip.

If you are looking for a great fishing charter in Negril, Jamaica, then TightLines Charters Negril is the perfect choice for you. Contact us today to book your fishing trip!

Blue Marlin tag and release

A Unique Adventure

We offer several fishing packages to choose from including half, three quarter and full-day charters. We also have half day shared trips for singles and couples to join. We are primarily trolling off shore for big game, but we can also offer bottom fishing. We have a well-maintained boat that is equipped with the latest fishing gear.

fishing excursions in jamaica

Loved by Friends & Families

Great charter. Did a half day and had a great time. The boats really nice and comfortable. Coming back again soon!

Deep Sea Fishing Negril Jamaica

Reel Fishing Reports

Signed in as:

[email protected]

U.S. 954 934 3491 or JM 876 862 5932

Marcus Deep Sea Fishing In Negril, JAMAICA

fishing excursions in jamaica

oTHER aCTIVITIES

Our company was started by old-school fisherman Marcus Samuels who has been providing deep sea fishing tours for 25 years.

He will show you some of the best deep sea fishing spots off the coast of Negril for Big Game off shore fishing.  Marcus goes out of his way to make each private deep sea fishing tour, a personalized experience that you will never forget.  

fishing excursions in jamaica

We specialize in deep sea fishing tours for people traveling to Seven Mile Beach and Bloody Bay in Negril, Jamaica.

Other activities include:

Snorkeling, Rick’s Cafe Cruise, Pirates Cave,  The Lighthouse, Fresh Grilled Lobster on Booby Cay Island  and Sunset Tours

fishing excursions in jamaica

Deep Sea Fishing

The Caribbean Sea in the Negril, Jamaica area is known for a wide variety of big game fishing.

Mahi-Mahi, Blackfin and Yellowfin Tuna, Wahoo, Kingfish, Barracuda, Spanish Mackerel and many more.

Make sure to book your tour in advance! Additionally, please remember to bring sunscreen, a hat  and a camera.

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Drop us a line.

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Better yet, see us in person!

We love our customers, and can't wait to take you on the fishing excursion of your life.

Marcus Fishing in Negril

7 Mile Beach, Negil, Jamaica

U.S. 954 934 3491 or JM 876 862 5932 [email protected]

Open 7 days a week

Reel in the fun with our fishing memories gallery.

Copyright © 2024 Marcus Fishing in Negril - All Rights Reserved.

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Fishing Trips

The best fishing experience in jamaica.

There is a lot of opportunity for Deep-Sea Fishing on the coast of Jamaica. However, the shores of Negril, Ocho Rios, Montego Bay, and Portland gives visitors the best options for chartered deep-sea fishing.

Freshwater fish species you may catch in Jamaica include perch, killifish, gobies, and livebearers. Depending on where you fish, you might also reel in mangrove snapper, snook, jewfish, and mullet. Come and enjoy a wonderful day on the waters of Jamaica!

Want to check other locations in Jamaica? 

We customize your vacation as per your requirements.

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fishing excursions in jamaica

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The best deep sea fishing excursions.

The best deep sea fishing excursions

Deep sea fishing charters around Jamaica Marlin Madness , Montego Bay For a calm day of deep sea fishing in a small group or wrestling with a giant fish on a larger boat with a big group, along with a crew who’ll take care of everything for you. All you’ll need to do is fish. Irie Vibes Fishing, Port Antonio Operating out of Di Ole Port Marina, these charters also offer spearfishing so you can have two experiences to tell a great story about. They set out is at 7 am and the excursion is for half a day. Tel: (876) 464-9508 Sea Shell Charters , Negril Aside from a traditional day of deep sea fishing, you can book other tours that include a lobster feast when in season, gliding along in a glass bottom boat as a simple family activity, and other forays into the island. No matter what, you will have a great time. Fish Jamaica, Treasure Beach More than one captain stands ready to take you out to sea on the South Coast of Jamaica starting out from Treasure Beach, to fish for tuna, dolphins, and more. Fish Jamaica on Facebook

Jamaica Boats , Ocho Rios Deep sea fishing in paradise from out of Ocho Rios can be enjoyed on either half or full-day excursions with pick-ups from your hotel. There are special rates for cruise ship passengers and a lot of flexibility if you have something unique in mind, even if all you want to do is go on a sightseeing tour.  Barrett Adventures Fishing, Montego Bay Have an unforgettable deep-sea fishing experience in Montego Bay , courtesy of Barrett Adventures Fishing. The operators have been in business for more than two decades so you're certainly in good hands. Tel: (876) 572-0010 Deep Drop Fishing , Montego Bay Experience catching fish in the deepest section of the ocean in Montego Bay .  Tel: (876) 572-0010 Glistening Waters Deep Sea Fishing, Falmouth If you enjoyed the restaurant, you'll enjoy the deep sea fishing excursion offered at Glistening Waters.  Tel: (876) 954-3229 No Problem Sportfishing , Negril If anyone knows how to insert real fun into deep sea fishing, it's No Problem Sports Fishing. Expect that your captain will scout the deep waters along Negril's coasts for blue and white marlin, wahoo, and dolphin. Tel: (876) 381-3229 Resort Divers Fishing , Runaway This top-rated facility offers a number of watersports including deep-sea fishing. Allow the experts to take you on an adventure out deep. Tel: (876) 973-6131 If you're new to deep-sea fishing , spend some time doing research on the species of sea creatures that you may spot out at sea. Also, explore the deep waters with an expert.  

fishing excursions in jamaica

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FISHING TRIPS

All hooks down! Excited about catching fish? Come and get an opportunity to reel in your impressive catch, with a lot of fun and excitement, as you relax and free your mind with beer and water aboard.

When you’re visiting Jamaica you can experience the thrill of the fight in catching and reeling in one of Jamaica’s many sport fish. Blue and white marlin, sailfish, and tuna are all possibilities on this half-day of deep-sea fishing.

Inquire/Book Now

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What to pack for your trip

A change of clothes, water shoes/ sneakers, bug repellant, a small amount of cash, plan a visit.

You and your crew will spend an incredible day on the water, as our expert captain navigates the seas to take you to the very best spots to catch Blue Marlin, Wahoo, Dolphin (Mahi Mahi), Tuna, and Sailfish just to name a few! The sun is shining, the drinks are icy and the fish are biting so let’s go!

Support 24/7

Private message us using any of these links here to learn more about our transfers and excursions packages…

+1 876-566-8156

[email protected].

fishing excursions in jamaica

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The American Con Man Who Pioneered Offshore Finance

How a now-obscure financier turned the Bahamas into a tax haven—and created a cornerstone of global plutocracy

two palm trees growing on a small island made of money

Produced by ElevenLabs and News Over Audio (NOA) using AI narration.

The financier and bon vivant Wallace Groves had little use for the law or social norms. His wife, a former Hollywood starlet, left him in 1937 after he’d had their infant son briefly kidnapped from their glittering Park Avenue triplex apartment. A day after the supposed abduction, authorities arrested Groves on the tarmac at Newark airport, in the company of two women whom Time magazine coyly described as his “girl friends.” Monaei (pronounced “ money -I”) Groves soon ended up with a divorce settlement worth about $3 million in today’s currency. New Deal–era federal prosecutors, bent on reining in what President Franklin D. Roosevelt called “privileged princes of new economic dynasties,” indicted him the following year on multiple counts of fraud and conspiracy.

Monaei’s testimony helped put Groves in a federal penitentiary. But his conviction didn’t break his spirit or teach him the error of his ways. Historical accounts indicate that he left prison with a new wife— Monaei’s former hairdresser —a ticket to the Bahamas, and a plan that would change the world. What started as his personal quest to rebuild a fortune turned a balmy Caribbean archipelago into a powerhouse of the global economy and a model for what we now call the offshore financial system. Groves started by taking over a sleepy lumber business on the island of Grand Bahama, but by 1955 had amassed so much wealth and political capital that he persuaded the colonial government to do something extraordinary: Authorities granted him carte blanche to rule and develop 50,000 acres—about 15 percent of the island, including what is now the city of Freeport—that would be immune from taxation and regulation for the next 99 years.

The Bahamas, which gained independence in 1973, are well known today as the former home of Sam Bankman-Fried’s cryptocurrency exchange FTX, whose meltdown cost investors $8 billion. But the company would never have set up in the island nation if not for Groves, the founding fraudster of offshore finance. Groves pioneered the model for turning British colonies with lax financial regulation and minimal taxation for expats into snug harbors for foreign capital seeking refuge from other countries’ laws. A generation later, Groves’s imitators expanded his model to the Cayman Islands, the British Virgin Islands, and other territories of the fading British empire.

Cover of Offshore by Brooke Harriungton

According to the International Monetary Fund, the Bahamas are now the fourth-largest tax haven in the world in terms of the volume of assets flowing through the country. It’s a major hub of a global system that the economists Annette Alstadsæter, Gabriel Zucman, and their colleagues at the EU Tax Observatory estimate contains at least $13.7 trillion in private household wealth ; the IMF estimated that a similar amount of corporate wealth— $12 trillion —is held in offshore shell companies that exist mainly to dodge taxes and other laws. In total, that amounts to about a quarter of the wealth produced annually worldwide.

Read: Every country is a tax haven

Offshore finance has become tightly integrated with the global economy, as corporations channel their money through the Bahamas and other havens to limit their taxes, deter outside scrutiny of their financial dealings, and take advantage of permissive securities laws. Offshore finance has probably affected your life without you knowing it. For example, lax offshore regulation made possible the securitization of risky subprime mortgages , the financial “innovation” that crashed the world economy in 2008. If you’re an American with a pension or a life-insurance annuity, odds are that at least some of your money has ended up in the offshore tax haven of Bermuda , as the business journalist Mary Williams Walsh reported earlier this year.

T oday, Groves is a largely forgotten figure, even in the Bahamas. But the ubiquity of offshore finance is partly a consequence of the model that he pioneered. In his heyday, he was lauded in the Bahamian press as a savior of the country: In 1965, The Bahamian Review praised the “intrepid developer Wallace Groves” and “the invaluable service done to this section of Mankind by the creator of Freeport.” Two years later, a Florida newspaper dubbed him “ the King of the Bahamas .”

It was an apt moniker for a man who had reinvented himself as a kind of freelance imperialist, making Freeport his own personal colony within a colony. The resorts, casinos, and financial institutions that arose there attracted not only tourists but money launderers, tax dodgers, and mobsters. Groves’s partners were denizens of the global financial demimonde: a Canadian gambler and Mafia associate, a former Swiss banker who had escaped the French penal colony of Devil’s Island after being convicted of financial crimes, and the notorious gangster Meyer Lansky.

Within 15 years of Groves’s acquisition of Freeport, his creation was flourishing to such an extent that The Economist described the Bahamas as “ the archetype of the tax haven .” Local publications billed it as the “Little Switzerland of the Western Hemisphere.” Hundreds of American, Canadian, and Swiss banks opened branches in the capital city of Nassau, and by 1975, the offshore business employed nearly 10 percent of the island’s population. By 2019, the Financial Times described the Bahamas as “the richest country in the Caribbean” in terms of GDP per capita, due largely to its offshore financial-services business, which by then made up an estimated 20 percent of its national economy . These figures represent an extraordinary transformation from the Bahamas of the mid-1940s, when local historians recorded widespread destitution and occasional death by starvation.

Yet the country’s Gini coefficient for household wealth—a measure of economic inequality—is among the highest in the world . Ironically, in a center of global finance, an estimated one in five Bahamians still lacks access to a bank account , and real wages are so low that the government occasionally institutes price controls to keep bread and eggs affordable.

About 50 miles from Miami Beach—the distance of a day’s sail—the Bahamas make for a convenient spot to engage in activities that aren’t permitted under U.S. law. Groves knew all about this from his Depression-era trips to the islands on his yacht, Regardless. When he was still a high-flying young financier, he got acquainted with the islands’ elite white power brokers and established two of the offshore corporations that later got him convicted of tax evasion .

At that point, Groves was just walking a well-trodden path of exploitation and chicanery first blazed by Christopher Columbus, whose initial steps in the New World were taken on the island now known as Grand Bahama. Within two decades, Spanish explorers had killed or carried off the island’s native inhabitants, and for centuries afterward, Caribbean historians note, pirates made the Bahamas their base and became the de facto rulers. From then on, being a law-free zone intermittently boosted the economy of the Bahamas.

In the 1860s, Nassau, the islands’ capital, grew rich for a few years by helping the Confederacy evade the Union’s maritime blockade, becoming a trading post where southern cotton was exchanged for British arms . When Prohibition banned the sale of liquor on American soil in the 1920s, the islands became a hub of “rum running.” This turned out to be what local historians have described as a “godsend for the Bahamian economy,” creating a steady flow of income from wealthy tourists and buyers to supplement a “desperately poor” nation just getting by on fishing and agriculture. It also created what social scientists call a “criminogenic environment”—one likely to reward illegal acts. The Bahamas’ role in skirting the laws of other countries intensified in the mid-1930s, when Americans started using the islands to escape the increased taxes imposed by Roosevelt’s New Deal.

Read: The United States of dirty money

Groves and other tax dodgers from North America and Europe were drawn to the Bahamas not only by the lack of financial regulation, but also by the promise of secrecy and stability offered by the institutions of British imperialism.

Under British laws designed to reward white settlers in British colonial possessions , the Bahamas levied no taxes on personal or corporate income. It did business in English—a major attraction for North Americans—and was governed by English law; the ultimate court of appeals for disputes in the Bahamas was the Privy Council in London. The currency was the familiar, reliable British pound.

But wealthy foreigners also had the security of knowing that what happened in Nassau would stay in Nassau. The Bahamian historian Anthony Audley Thompson described the impact of companies that “were in effect legal fictions designed solely for the purpose of evading taxation in countries abroad. Because no treaties provided for the exchange of financial information between the Bahamas and other governments, the accounts of such corporations were not subject to scrutiny by foreign authorities.” He added that the Bahamian government did not require these largely imaginary holding companies to file financial statements .

In short, British colonial administration had unintentionally put in place the legal and financial infrastructure necessary to build an ideal offshore financial center.

Life magazine likened the 1955 agreement between Groves and the Bahamas to the “blank-check” given in 1600 by Queen Elizabeth I to the British East India Company —the catalyst for a centuries-long enterprise of plunder and pillage that brought a globe-spanning empire into being. Groves’s innovation, such as it was, lay in making the perks cherished by British colonists—among those the absence of capital-gains and income tax—available to the global ultrarich, people who weren’t settlers and might never set foot in the islands at all.

As the British empire in the Caribbean began to break up in the late 1960s and early ’70s, many of the islands turned to Groves’s model as a way to gain economic self-sufficiency. Regional competition heated up, including from unexpected places such as the famously mosquito-plagued and underdeveloped Cayman Islands; within 20 years, by revamping itself along the Bahamas’ lines, the Caymans went from being a neglected dependency of British Jamaica to surpassing the per capita income of Great Britain itself .

This put pressure on the Bahamas to keep pushing the boundaries of the law as an international tax haven. Thus, two years after Bahamians declared independence from the British, an interview with the governor of the Central Bank concluded that “national self-sufficiency and self-reliance” required that the country not only continue its practices, but also aggressively expand its role as an offshore financial center. In other words, the new nation would sustain itself by helping wealthy foreigners break their own countries’ laws.

The 2022 collapse of Bankman-Fried’s FTX is a direct outgrowth of this historical trajectory. In keeping with the Bahamas’ centuries of resilience in the face of colonial crime sprees and contemporary frauds, the FTX debacle does not seem to have done lasting damage to the country’s economy. Yet the country’s government continues to bet its future on highly speculative financial ventures, enacting policies to entice more blockchain-based, decentralized-finance businesses to the country. For example, the Bahamian Central Bank was the first in the world to issue its own digital currency—the sand dollar—and announced a plan to give away $1 million worth of it as an incentive to early adopters. This strategy seems likely to perpetuate a cycle of economic boom and bust based on fraud and criminality. Wallace Groves is a historical footnote, but we are all living in the world he helped create.

This essay has been adapted from Brooke Harrington’s forthcoming book, Offshore: Stealth Wealth and the New Colonialism .

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  24. The American Con Man Who Pioneered Offshore Finance

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