St. Croix, USVI

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St. Croix
6:38 pm, Feb 6, 2025
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Op-Ed: Corruption Has High Economic Costs and Should Be Combated

Public corruption in the V.I. has long been suspected, dating back to the 1960s, and it likely caused economic drag. (Shutterstock image)Recent revelations of public corruption in the U.S. Virgin Islands have shocked the community. Three cabinet members face charges of bribery, honest service wire fraud, contract manipulation, and money laundering — an unprecedented number for any administration. Public corruption in the V.I. has long been suspected, dating back to the 1960s, and it likely caused economic drag. Still, due to a lack of investigations, the actual economic costs have not been documented or estimated. This raises four critical questions.

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