Articles Banks & Trusts Dominica Featured First International Bank of Grenada Fraud Grenada Investment Michael Creft Money Laundering Nauru St. Kitts & Nevis USAFebruary 29, 2000
FIBG reports fictitious net income of $60 billion
23 years ago
The founding chairman of the First International Bank of Grenada has informed Grenada's chief offshore regulator, Michael Creft, that FIBG has made a net income of $60 billion in its first two years in business. The astonishing claim is made in a rambling, 26-page letter sent by Van A. Brink (a.k.a. Gilbert Allen Ziegler) to Creft on December 23, 1999 in an effort to assuage the regulator's concerns about the bank.