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    Articles Banks & Trusts Featured Fraud Investment Liquidations & Insolvencies Money Laundering Tax USANovember 17, 2011

    Depositors of fraudulent U.S.-based offshore bank to receive half their funds back

    mm
    By
    12 years ago

    Topics

    Banks & Trusts Fraud Investment Liquidations & Insolvencies Money Laundering
    Tax USA
    [ 2 more... ] [ top 5 ]

    Keywords

    AIDT American Intercapital Depository & Trust Edgar Jerry James Intertrust Jonathan Curshen
    Susan M. James Tariq Fawad Malik
    [ 2 more... ] [ top 5 ]

    Highlights

    • Creditors owed $12.5 m will receive $6.7 m
    • Bank's balance sheet claim to have $1.5 m in cash "in a duffle bag" at Fortis Bank appears to have been bogus
    • Alleged real estate assets in Pakistan may also not have existed

    Related Content

    Depositors in American Intercapital Depository & Trust, which was a fraudulently-operated offshore bank in Colorado that was forcibly closed down by regulators in 2007, can expect to receive approximately half of their deposits back.

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