Crown Meridian Bank

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IRS and state regulators investigate offshore ‘credit union’

The IRS and regulators in Florida are investigating a company purportedly based in St. Kitts & Nevis and its affiliates, including a credit union. Details of the IRS investigation are contained in a petition to petition to enforce summonses that was filed at the U. S. District Court for the Middle District of Florida on April 19, 2004.

Eight years in prison for promoter of fraudulent offshore products

A United States-based promoter of sham offshore investment products has been sentenced to eight years in prison after being convicted of securities fraud in Texas. Cameron O. Bailey was also fined a total of $6,000 and ordered to pay restitution to his victims when he was sentenced on August 29, 2002 at the 283rd District Court for Dallas, in Dallas County, Texas.

Revocation of bank licenses in Grenada, Bahamas, Cayman and St. Vincent

Regulators in Grenada have revoked the licenses of six more offshore banks, at least two of which were linked to the First International Bank of Grenada and stopped operating months ago.The banks are Anglo-American Limited, Rahab Trust and Management, Wellington Bank and Trust, Caribbean Merchant Bank, Crown Meridian Bank and Bern Savings Bank.

Six more bank licenses revoked in Grenada

Regulators in Grenada have revoked the licenses of six more offshore banks, at least two of which were linked to the First International Bank of Grenada and stopped operating months ago.   The banks are Anglo-American Limited, Rahab Trust and Management, Wellington Bank and Trust, Caribbean Merchant Bank, Crown Meridian Bank and Bern Savings.

British Trade & Commerce Bank and Suisse Security Bank & Trust due in court tomorrow

British Trade & Commerce Bank and Suisse Security Bank & Trust are both due to go to court tomorrow in Dominica and the Bahamas, respectively, in an attempt to win back their banking licenses. BTCB will be seeking to overturn the revocation of its license last month, while SSBT will be seeking to overturn the suspension of its license on Monday, March 5, 2001.

FIBG put into receivership, more amazing revelations from Grenada

After allowing tens of millions of dollars to disappear and the crooks to flee the island, Grenada's government finally took over the First International Bank of Grenada this month. Government accountant Garvey Louison was appointed Receiver of FIBG on August 1 and immediately started preparing to liquidate the bank and all of its sub-banks.
keith-mitchell

Grenada Prime Minister clears FIBG of illegal acts

The massive financial scam being committed in Grenada by Canadian and American crooks has reached new levels of farce after the island's government announced that it had investigated - and cleared - the First International Bank of Grenada of any wrongdoing. Grenadian Prime Minister Keith Mitchell gave the bank a clean bill of health at a press conference held on July 23 and attended by local journalists.

Crown Meridian, Sattva Investment Bank and Offshore Investment Services join FIBG scam

Grenada-registered Crown Meridian Bank has followed in the footsteps of its sister bank, First International Bank of Grenada, by promising depositors annual interest rates of 200 per cent and falsely claiming deposits are insured by the sham insurer IDIC, we can disclose.Crown Meridian is run by the same people who control FIBG and was licensed by Grenada's regulators on February 1, 1999 - three days after Offshore Alert exposed FIBG as a scam.

First lawsuit filed against First International Bank of Grenada

The First International Bank of Grenada appears to be on the verge of collapse. A client filed a lawsuit against the bank this month alleging non-payment of a $300,000 one-month Certificate of Deposit and we understand that several other depositors are preparing similar lawsuits.