Lincoln Investment Bank

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    One former Grenada ‘banker’ gets 11 years, another is declared mentally incompetent

    A mortgage broker in Wisconsin and a dentist in Nebraska have become the latest perpetrators of Grenada-based offshore financial scams to be dealt with by the U. S. legal system.First, Daniel Thomas TePoel, 57, a resident of Barnes, Wisconsin, was sentenced to 136 months in prison and ordered to pay $775,000 in restitution at the U. S. District Court for the Western District of Wisconsin on June 4, 2008 - less than three months after a jury found him guilty of one count of conspiracy to commit fraud, four counts of mail fraud, two counts of wire fraud, and one count of filing a false statement.

    Insider Talking: September 30, 2001

    How concerned is the Financial Times newspaper about being used to facilitate fraud? Not enough to stop publishing bogus valuations for the Cayman Islands domiciled Aristocrat Endeavor Fund. The FT is continuing to accept and publish sham Net Asset Values

    Another dubious Grenada bank run by an American dentist

    OffshoreAlert has come across another dubious Grenada-registered offshore bank that is operated by an American dentist. Lincoln Investment Bank Ltd., which is run by Dr. Thomas E. Miller, of North Platte, Nebraska, has been offering depositors annual interest of up to 144 per cent.