Kenneth Rijock

Kenneth Rijock

Thursday, February 28, 2013

WHERE ARE THE FRAUDSTERS FROM EUROPEAN-AMERICAN BANK TODAY ?


When known fraudsters resurface in another jurisdiction, honest businessmen beware. A decade ago,  A financial institution in Grenada, The European-American International Bank & Trust Company Ltd. failed under mysterious circumstances, and its depositors lost millions of dollars. Inasmuch as I have recentlyseen some of the names of the participants in the bank's affairs, I am bringing it to your attention.

European-American, when it became insolvent, and was liquidated through the High Court of Grenada, was found to have some major deficiencies, which were reported to the Grenadian regulatory authorities by the Liquidator, in a number of documents that are public:

(1) There was no actual Capitalisation, though the figure of $25m was listed by the bank.
(2) Only one of the four directors was ever vetted and approved by the regulators. None of the others submitted sufficient biographical information to be vetted, and one, who had a large claim against him, was asking for a waiver.
(3) There was no Reserve Fund for  losses. The bank had no assets, and the deposits were gone.
(4)  The bulk of the bank's deposits were "invested" with a company run by one of the directors; it went out of business, with no assets, and is considered to be a suspected fraud. Its name: New World International Investments Corp.
(5) There was no Due Diligence, or Customer Identification Procedure, performed on the bank's customers.
(6) The bank's account in a Maltese bank had been closed, and its US account frozen by a US Court, in a Federal forfeiture case.


The names of the self-declared "directors" most of which were never approved by regulators:

(A) Raymond Yusi, Managing Director/President
(B) Sean Alexander Quinn a/k/a Alex Sean McClaren ( later charged with Money Laundering)
(C) Barry Sturges
(D) David Price

Though some of these are common names, should you have contact with anyone who might be one of these individuals, you are urged to immediately conduct an enhanced Due Diligence investigation upon that person.




16 comments:

  1. Related links

    http://www.jamaicaobserver.com/news/21029_CARIBBEAN-ROUND-UP

    http://www.belgrafix.com/gtoday/2003news/Feb03/feb15/economic_citizens_placed_on_bail.htm

    http://www.offshorealert.com/ForumNewTopic.aspx?g=posts&t=36942

    ReplyDelete
  2. Sean Alexander Quinn aka Alex Sean MacLaren was arrested and charged with criminal deception and money laundering in Barbados in February 2002, he was granted bail in the amount of Bds$2 million (US$1 million) but, as he was unable to raise sufficient funds, he was remanded in custody until December of the same year. The criminal deception charge was that he induced others to falsely believe that they had purchased a certain product, the money laundering charges related to the fact that he had then transferred the resulting funds to the sales teams in Canada. He pled guilty to the money laundering charge and was fined US$10,000.

    Sean Alexander Quinn's business is now Cambridge Guarantee Limited, a company registered in England and Wales with company number 06076416. This company was loaned GBP£2 million from investors through Arck LLP in a GBP£47.5 million Arck investment scam run by Mr Richard Aston Clay and Ms Kathryn Joy Clark. To date the money loaned has not been paid back.

    ReplyDelete
    Replies
    1. Also in the public domain is that Arck LLP was a share holder in the holding company (Cambridge Guarantee Holdings Limited) in 2011.

      Delete
  3. Ponzi schemes are common, everyone can do it, create a fincancial company, borrow money, take deposits, promise great return, and try to get them to fish for other clients, eventually borrow more money etc... you'll get managment fees on everything and when things turn bad, go bankrupt and try something else...
    I shouldn't be amazed that people get away with it and a little digging around shows the close connections between Arck LLP, the investment company who was providing clients to Arck LLP and offshore share holders of Cambridge Guarantee Holdings Ltd...

    ReplyDelete
    Replies
    1. I may have found a fundamental connection between Arck LLP, Cambridge Guarantee Holdings Ltd and a third company Countrywide Tax & Trust Corporation Ltd.

      http://citywire.co.uk/new-model-adviser/news/ucis-investors-seek-legal-advice-in-bid-to-recoup-3m/a760657

      http://citywire.co.uk/new-model-adviser/news/network-defends-advice-after-58k-fsa-fine/a620180?section=new-model-adviser

      A major shareholder of Cambridge Guarantee Holdings Ltd is Newman Data Limited (incorporated in St Kitts and Nevis).

      Legacy Partners Ltd 03849935 (England and Wales)
      C G Ponder
      R Massey
      Ultimate Parent Company
      Newman Data Limited (incorporated in St Kitts and Nevis)

      H S C Limited 02220936 (England and Wales)
      C G Ponder
      R Massey
      Ultimate Parent Company
      Newman Data Limited (incorporated in St Kitts and Nevis)

      Side note
      NEWMAN DATA LIMITED is also a Limited Company registered in Cyprus with Registration Number ΗΕ 347143
      Director Chrysostomos Philippou
      http://cy-check.com/newman-data-limited/397659.html

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    2. http://docdro.id/qIz9PCQ

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    3. That document needs a password - any idea on what it is?

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    4. Only a technicality but I believe the company is actually Countrywide Investment Promotions Limited company number 07183365, whose registered office is at Abbotsfield House, 43 High Street, Kenilworth, CV8 1RU and probably not the Tax & Trust company.

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    5. "That document needs a password - any idea on what it is?"

      After trying a few obvious ones "password", "123456" etc... I found that the password is in the link itself.

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    6. Using only publicly available information it does seem strange that a company which is not profiting is able to secure more and more shareholders in the parent company, that's not to say that there isn't anything going on behind the scenes which may persuade investors to invest, however given the history and the material uploaded I would hope people would do their own research into the potential return and risk involved.

      Delete
  4. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  5. Money entering and leaving Belize from the companies mentioned should be investigated...

    ReplyDelete
  6. All I will say is http://offshoreincorporate.com/how-to-keep-ownership-of-an-offshore-company-private

    ReplyDelete
    Replies
    1. Further information about hiding techniques can be found at https://www.globalwitness.org/en-gb/archive/anonymous-companies-frequently-asked-questions/

      Delete
  7. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  8. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete

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