Wallace Groves

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Wallace Groves (20 March 1900 – 30 January 1988) was an American financier and fraudster. After release from federal prison in 1944, he moved to the Bahamas where he founded and operated a free trade zone, resort, and casino development at what would become Freeport, Grand Bahama. He is credited with the development of the modern Bahamian economy of offshore banking. He was suspected to have links with the Meyer Lansky syndicate operating offshore casinos from Miami Beach.^{[citation needed]}