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Basseterre, St. Kitts, June 20, 2026 –
The Royal St. Christopher and Nevis Police Force (RSCNPF), through its White Collar Crime Unit, has formally brought a series of money laundering and fraud-related charges against three individuals following a lengthy investigation into an alleged financial scheme spanning nearly six years.
Authorities report that between November 2018 and July 2024, the accused are alleged to have participated—alongside others—in a coordinated effort involving fraudulent activities and the subsequent laundering of illicit proceeds estimated at approximately USD $50 million.
Those charged include Paul Bilzerian and Terri Steffen of Frigate Bay, St. Kitts, as well as Gregory Gilpin-Payne of New Road, St. Kitts.
Following investigative developments, charges were officially laid on June 18, 2026, at the Basseterre Police Station. Mr. Bilzerian faces four counts, including money laundering by transaction, conspiracy to commit money laundering, false pretenses, and conspiracy to commit false pretenses.
Ms. Steffen has been charged with conspiracy to commit money laundering.
Mr. Gilpin-Payne faces multiple allegations, including money laundering by transaction, conspiracy to commit money laundering, false pretenses, and conspiracy to commit false pretenses.
Investigations into the matter remain ongoing as law enforcement continues to pursue additional leads.
The RSCNPF commended the efforts of its White Collar Crime Unit, recognizing its diligence in advancing the case. The Force reiterated its firm commitment to safeguarding the Federation’s financial integrity and emphasized that St. Kitts and Nevis will not be used as a conduit for fraudulent activity or money laundering. Authorities further affirmed that all financial crimes will be pursued rigorously and in accordance with the law.
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