The US government has lost its bid to recover $7 million from banks in Antigua, Panama and Switzerland that were the proceeds of marijuana smuggling carried out in Massachusetts. Judge William Young, of the Federal District Court for the District of Massachusetts in Boston, dismissed a lawsuit brought against Swiss American Bank and Swiss American National Bank (both of Antigua), Swiss American Holding Company S.A. of Panama and Inter-Maritime Bank of Geneva.
Antigua & Barbuda Articles Banks & Trusts Featured Narcotics Trafficking Panama Switzerland USANovember 30, 1998
Swiss American Bank wins lawsuit brought by US government
25 years ago