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United Trust of Switzerland/First Capital Trust of Geneva
Hunter
Posted: Thursday, March 22, 2012
Joined: 9/22/2011
Posts: 20


Wondered who set up these entities mentioned in indictment of William Wise and Jacquline Hoegel.

Segments from indictment:

WILLIAM J. WISE, a resident of Raleigh, North Carolina, controlled entities known as Millennium Bank, United Trust of Switzerland, S.A....

CD purchasers who purchased Sterling CDs received an "irrevocable letter of guarantee" from First Capital of Geneva, claiming to guarantee the principal on their investments.

Be interesting to know if Wise paid a fee to someone to set up these entities and how he picked these entities?  Wonder if anyone else has been associated with First Capital of Geneva and how it was used in the past?  Also wondering if there is such a thing as recycled Swiss entities in certain circles?


 

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