Wallace Groves

Wallace Groves (c. 1901–30 January 1988) was a prominent financier and fraudster, who, after his release from federal prison in 1944, moved to the Bahamas and there founded and operated the free trade zone, resort, and casino development Freeport on Grand Bahama Island. Investigators of U.S. organized crime associate him with the Meyer Lansky syndicate operating offshore casinos from Miami Beach.

He is credited with being a driving force in the development of the modern Bahamian economy of offshore banking and tax evasion.