BASSETERRE, St. Kitts — THE Royal St. Christopher and Nevis Police Force (RSCNPF) has charged three individuals with money laundering and fraud-related offences in connection with an alleged financial scheme that investigators say spanned nearly six years.
Charged are Paul Bilzerian and Terri Steffen, both of Frigate Bay, and Gregory Gilpin-Payne of New Road. Police allege that between November 2018 and July 2024, the trio, along with others, conspired to obtain US$50 million by false pretences and subsequently launder the proceeds.
The charges were formally laid on June 18, 2026, at the Basseterre Police Station.
Bilzerian faces four charges: Money Laundering by Transaction; Conspiracy to Commit Money Laundering; False Pretence;
Conspiracy to Commit False Pretence
Gilpin-Payne faces the same four charges: Money Laundering by Transaction; Conspiracy to Commit Money Laundering;
False Pretence; Conspiracy to Commit False Pretence
Steffen, meanwhile, has been charged with Conspiracy to Commit Money Laundering
Police said investigations into the matter remain ongoing.
In a statement, the RSCNPF commended officers attached to the White Collar Crime Unit for their work in advancing the investigation and reaffirmed the Federation's commitment to combating financial crime.
The Force stated that St. Kitts and Nevis will not be used as a vehicle for fraud, false pretences, or the laundering of criminal proceeds, adding that it will continue to pursue such offences with the full force of the law.
