Wallace Groves (c. 1902–30 January 1988) was a prominent
financier, 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. These ties notwithstanding, he is credited with being a driving force in the development of the modern Bahamian economy.