1 
Virgin Islands Economic Development Commission 
Decision Meeting of Tuesday, November 18, 2025 
Summary Report 
During the Virgin Islands Economic Development Commission (“VIEDC”) Decision Meeting on 
Tuesday, November 18, 2024, the Governing Board heard recommendations from the VIEDC 
Team regarding one (1) application matter and one (1) compliance matter, and voted as follows: 
Regular Session: 
➢Action Items:
•
Applications:
❖Perfected Claims, LLC – Change in Ownership Structure/Admission of New Members
Perfected Claims, LLC (“Perfected”) was granted Virgin Islands Economic Development Commission (“VIEDC”) 
tax incentive benefits to own and operate a Category IV – Designated Service Business providing business 
management and consulting, data management, claims processing and management, and public policy 
consulting and advocacy services to its clients. In addition, Perfected also engages in family office services 
pursuant to V.I. CODE ANN. tit. 29, § 708(a). Perfected will serve clients located outside the USVI with a focus 
on providing an evaluation center for law firms to assess potential victims of mass torts and to obtain the 
necessary records and other supporting material to support their claims. Perfected is located on St. Croix. 
On August 15, 2025, Perfected submitted a request to revise Appendix A1 of its Certificate to change the 
ownership structure. 
 The Governing Board voted (6 – 0) to: 
1.
Acknowledge and approve the change in ownership structure of Perfected Claims LLC
as follows:
MEMBER 
      ADDRESS 
 OWNERSHIP 
John Christian Archer II 
St. Thomas, VI 00802 
100% Class A 
Tyler B. Chalfin  
St. Thomas, VI 00802 
 25% Class B 
Sandra D. Martinez 
St. Thomas, VI 00802 
 25% Class B 
William T. Samson  
St. Thomas, VI 00802 
 25% Class B 
Spencer D. Zack 
Michael D. Bernard 
St. Thomas, VI 00802 
St. Thomas, VI 00802 
  25% Class B 
100% Class C 
2.
Require all other terms and provisions of the VIEDC Certificate executed by the VIEDC
Chairman on July 18, 2022 to remain in full force and effect.
3. Require a First Amended Certificate of Tax Incentives to be executed reflecting the
herein referenced changes to Appendix A1 effective December 1, 2023.
2 
•
Compliance:
❖Liberty Medical Development, LLC  – Resolution of Non-Compliance 
Liberty Medical Development, LLC (“Liberty Medical”) was granted Virgin Islands Economic Development 
Commission (“VIEDC”) tax incentive benefits on January 13, 2017  to conduct the operation of a Category III 
healthcare facility providing medical tourism and services comprised of out-patient surgical procedures in 
Orthopedics, Ophthalmology, Ear/Nose/Throat (“ENT”), Pain Management, Urology, General Surgery, Podiatry, 
Gastroenterology, and Reconstructive/Facial Plastic and Cosmetic Surgery.  Liberty Medical is located on the 
island of St. Croix.  
A review of Liberty Medical’s compliance file was conducted by VIEDC staff which indicated that Liberty Medical 
did not submit all required reports between the years 2019 through 2025 and failed to maintain compliance with 
the EDC Certificate. 
 The Governing Board voted (6 – 0) to: 
1. Find Liberty Medical Development LLC failed to submit payment for its 2025 Annual 
Compliance Five Thousand Dollars ($5,000) Fee by the January 31, 2025 deadline.
2. Find Liberty Medical Development, LLC failed to comply with the reporting 
requirements from 2019 through 2025 as indicated in the VIEDC itemized assessments 
through September 30, 2025.
3. Require Liberty Medical Development, LLC to submit all outstanding reporting 
requirements, to include proof of compliance with Certificate Standard and Special 
Conditions for the years 2019 through 2025 within 30 working days from November 
18, 2025.
4. Assess Liberty Medical Development, LLC, the following penalties to be paid by 
December 18, 2025, for late filing and violations pursuant to 29 V.I.C §723-1:
a. Five Thousand Dollars ($5,000.00) for the outstanding 2025 Annual 
Compliance Fee to be paid to the Industrial Promotion Fund; and
b. Twenty-Seven Thousand Eight Hundred Sixteen Dollars and Two Cents 
($27,816.02) for late filings of reporting requirements as of September 30, 
2025, to be paid to the Industrial Promotion Fund directed to the Territorial 
Scholarship Fund for the years 2023 through 2025.
5. Require Liberty Medical Development, LLC to adhere to all other Standard and Special 
Conditions of its Certificate of Tax Incentive.
6. Require an Order to Show Cause why its benefits should not be revoked, suspended, 
or modified for non-compliance with the terms and conditions of its VIEDC Certificate 
to be issued pursuant to 29 V.I.C.§722 should Liberty Medical Development, LLC not 
comply with the recommendations No. 3 and No. 4 within the time period specified 
by the VIEDC Board.