OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
Jeffrey Corbett & Patrick Kish Swiss Trust Companies
Anonymous
Posted: Saturday, August 13, 2011

Posted: 12/5/2010 8:47:36 PM

By: Ron

It was becoming increasingly necessary for Worldwide Business Consultants to close shop. An alarming number of individuals were being found to be using "Swiss Trust Companies" for fraud and money laundering operations:

By cross referencing Worldwide Business Consultants, Trust Companies and Arndt or Arnet (depending on the day of the week), a lot of information becomes available.

Search:

Robert Gray
Ulrich Engler
James and Pamela Fayed
Elaine Renaud
Dwight Petty
William Wise
Panayotis Tzanikos

Probably doesn't scratch the surface.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 11/29/2010 7:59:33 AM

By: knightmare3000

there are plenty of people who fall for this. another questionable outfit used to be based in Nevada and still advertises in the back of Fortune or Forbes magazine. it sells seasoned corporation/companies names located in Nevada or Wyoming. supposedly this gives asset protection to a new company by having an old corporate name or LLC


Anonymous
Posted: Saturday, August 13, 2011

Posted: 11/24/2010 11:31:53 PM

By: Real Question

The real question is whether anybody has been dumb enough to buy one of these things for that price.


Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 11/24/2010 3:59:51 PM

By: USinfo007

Worldwide Business Consultants sells "Swiss Trust Companies" which they deem "seasoned, rare opportunities" and ask clients to pay $190, 000 for.

As it turns out, the rare acquisitions they have available are nothing more then old companies from Switzerland which they have re-named to make it appear as though you are acquiring a 20 or 30 year old "Swiss Trust Company". Making claims that the company provided financial services, trust services, etc. The companies that they sell are nothing more then old Flower Shops or Shoe Store corporations which they have re-named.

Once they have your money though, good luck getting it back. They will give your information to the IRS.

http://www.complaintsboard.com/complaints/worldwide-business-consultants-c271832.html

They have changed the company name from www.corbettandkish.com
to:
http://www.jeffreyhcorbett.com

http://www.corb7.com

Still offering the "Swiss Trust Companies". What a shame!


Anonymous
Posted: Saturday, August 13, 2011

Posted: 12/9/2010 8:59:21 AM

By: cyrille

Anyone can set up a "trust company" in Switzerland because the concept of trust does not have any meaning there (it is a civil law country). Basically you just have to incorporate a limited liability company and register it to a supervising body for money laundering purpose. Shareholding capital must be paid in full over a short period of time with a minimum at incorporation (20%)

The drawback is that a company whose shareholders are not Swiss citizen nor national/resident of an EU country will need to have a link to Switzerland by way of having a Swiss national as shareholder and a director who is resident in the country. That could be costly depending on who you choose for sitting at the board...


 

Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

View Recent Digests

BAHAMAS  
BERMUDA  
BRITISH VIRGIN ISLANDS  
CAYMAN ISLANDS  
Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.