In order to boost the economy of Puerto Rico, tax breaks were put in place in 2012. These breaks allowed people from the center of the United States to live and do business on the island without having to pay any capital gains taxes. Recent data shows that the large number of tech (mostly crypto) entrepreneurs who came to hide their wealth didn’t do much to improve its fortunes. Some people have instead left a mess of unfinished business behind them, according to a new report from the New York Times. The report focuses on Brock Pierce, a 43-year-old former child actor who created the digital currency Tether and whose local business dealings, including a real estate buying spree, have been bad luck and short-lived.
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