Michigan Attorney General Bill Schuette Has $40 Million Hidden In An Offshore Tax Haven
Michigan Attorney General Bill Schuette has a $40 million real estate empire hidden in the Carribean. State lawmakers and his Republican colleagues want to know how and where Bill Schuette got $40 Million as a 32-year public servant.
Bill Schuette is a career politician who has been on the public payroll since 1984. In 1984, he scored an upset victory over former Democratic Congressman Donald Albosta with the financial support of Dow Chemical.
In 1990, he and the Michigan GOP decided he was the man to defeat Carl Levin (D-MI) for the U.S. Senate. The popular Detroit Democrat handed Schuette his first defeat.
Schuette was only unemployed for a matter of days. After being sworn in as governor, fellow mid-Michigan career politician John Engler appointed Schuette as Director of the Michigan Department of Agriculture.
Schuette won a seat in the Michigan Senate in 1994. He served in the Senate until he was term-limited in 2002.
Schuette was then elected a judge on the Michigan Fourth District Court of Appeals. Political pundits found this odd since Schuette had very little if no trial experience.
Schuette then became a lawyer in private practice in 2009 until running for Michigan Attorney General in 2010. He became Attorney General in 2010.
The Michigan AG’s office soon became a whore house for deep-pocketed GOP special interests groups. Bill Schuette became it’s Madam.
The extent of which is now coming to light thanks in part to Schutte’s political ambitions and wanting to be governor.
Michigan Attorney General’s Secret Caribbean Real Estate Empire
At a GOP Gubernatorial debate in Grand Rapids. Lt. Governor Brian Calley dropped a bomb on Bill Schuette. He revealed Schuette had a secret real estate empire worth $40 million hidden in the U.S. Virgin Islands.
Schuette denied he had any involvement in the multi-million dollar development.
Schuette told Jonathan Oosting of the Detroit News:
Schuette then changed his tune. He claimed that his investment in the development was held in a blind trust. However, this is not entirely true. Schuette’s signature is on deed transfers and other documents related to the development.
The documents also reveal that Schuette’s company, Vircom LLC is in a partnership with Doan Estates.
The companies buy and sell land in an area known as Ditleff Point near St. John. They also own at least 33 luxury real estate parcels worth nearly $40 million.
Schuette has also called on the public officials to disclose all personal financial information in an interview with Bridge Magazine:
Republican Bill Schuette has called for state elected officers and candidates for public office to disclose personal financial information similar to members of Congress. He disclosed his 2016 federal income tax return to Bridge, filed jointly with his wife, but did not disclose specific information about significant assets or travel, which are among items that must be disclosed by members of Congress and others…
Schuette released his tax return showing an adjusted gross income of $375,466. However, he did not report any income earned from Vircom.
Schuette used Michigan Attorney General Staff To Notarize Vircom Documents
The Detroit News obtained documents from 2013 showing Schuette aide Rusty Hills and executive assistant Lori Gay served as witnesses on separate $1.8 million deed transfers Schuette signed.
Former Michigan AG employee Nancy O’Shea also notarized the property transfer documents. O’Shea worked as a secretary in the AG’s alcohol and gambling enforcement division. She retired in August 2015.
Michigan Attorney General Schuette’s Midland-based Vircom LLC also sold 2.41-acre and 2.06-acre parcels to Pelican Reef LLC and Kestral Perch LLC. Both companies appear to be shell companies.
Attorney General staffers Barb Teszlewicz and Dulce Cardenas signed as witnesses for Schuette on a quit deed claim in 2017. Cardenas and Schuette spokeswoman Andrea Bitely also signed a grant easement document in 2016.
Properties linked to Schuette’s Vircom LLC and companies tied to his siblings appear to be part of Ditleff Point. A company website describes it as an exceptional gated community on a 47-acre peninsula.
Ditleff Group B and Group S LLC companies linked to the family also are trying to sell multiple undeveloped properties on St. John island.
One of the properties is a 0.94-acre beachfront parcel. Vircom has it listed at $2.5 million. U.S. Virgin Islands Recorder of Deeds list both Vircom as owners of the property.