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    Articles Fraud Investment Panama USAJune 30, 2004

    US court issues $1.1 m forfeiture order against Panamanian bank account

    mm
    By
    20 years ago

    Topics

    Fraud Investment Panama USA

    Keywords

    Atlantic 1 Corp. Banco Uno SA Henry Levy Hertsel Levy iDial Networks Inc.
    Ilan Sabbah Jacqueline Levy Leon Levy Yan Abecassis
    [ 4 more... ] [ top 5 ]

    A court has issued an order allowing the United States Government to seize up to $1.1 million in a Panamanian bank account that is believed to be the proceeds of insider trading by Panama residents.
    The target is an account at Banco Uno S. A., in Panama City, Panama, in the name of “Yan Abecassis and/or Atlantic 1 Corp., and all related funds”.