An offshore banker and an associate have been arrested in Germany on charges of perpetrating an $82 million fraud against approximately 7,000 investors, most of whom are believed to be German nationals.Ferdinand Hoischen, 53, of Vetlanda, Sweden, and Jonny Franke, 49, of Pirna, Germany, were arrested on Monday, March 31, 2003, according to a source who is familiar with the investigation.
Articles Banc Caribe Banks & Trusts Dominica Featured Fraud Germany Investment St. Vincent & the Grenadines Sweden USAApril 30, 2003
Offshore bank owner Ferdinand Hoischen arrested in Germany
20 years ago
TopicsBanks & Trusts Dominica Fraud Germany Investment
KeywordsAIF Bank and Trust American Investment & Finance Corporation Banc Caribe Bergt Steinbrock, Jr. Dr. Gerhard Hering