Doctors Insurance Services

Just a few weeks after losing a key court ruling that unfroze $500 million of assets, the U. S. government has dropped a civil lawsuit against several parties it suspects of helping medical professionals evade taxes. The government filed notice at the U. S. District Court for the Central District of California on December 16, 2004 that it intended to dismiss without prejudice its action against Doctors Benefit Insurance Company Ltd., of Barbados; xélan Inc,. of California, and related parties.

A former insurance regulator in the British Virgin Islands has been accused of conspiring with others to defraud the United States Government of more than $500 million since at least 1998.Nigel J. Bailey, a British national living in the BVI,