• Home
  • Articles
  • Americas International Bank is insolvent, used to launder fraud proceeds, says liquidator

Americas International Bank is insolvent, used to launder fraud proceeds, says liquidator

Bahamas-based Americas International Bank Corporation Ltd. is insolvent and was used primarily as "a vehicle to launder funds" received from investment fraud, according to its liquidator.Accountant Clifford Culmer painted a bleak picture of the bank's activities in an affidavit filed with the Bahamas Supreme Court on November 19, 2001.