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    Articles Banks & Trusts Fraud Liquidations & Insolvencies USAMarch 24, 2011

    Ex-managers of failed US-based offshore bank AIDT settle action for $1.85 m

    mm
    By
    13 years ago

    Topics

    Banks & Trusts Fraud Liquidations & Insolvencies USA

    Keywords

    AIDT American Intercapital Depository & Trust American Intercapital Holding, LLC David Munoz Edgar Jerry James
    Marc Berger Richard Rosenberg Shuster & Company PC Steven Schuster Steven Strunk Susan James
    [ 6 more... ] [ top 5 ]

    Highlights

    • Settlement in "best interests" of creditors, says liquidator
    • Managers had been accused of dishonesty

    Former members of the “Board of Managers” of a failed offshore bank in Colorado have paid $1.85 million to settle a complaint for negligence and breach of fiduciary brought by the bank’s liquidator.A settlement agreement between defendants Marc Berger, David