WILL HAMILTON RESERVE BANK DISOBEY THE COURT ORDER OR PAY ITS DEPOSITORS ON OCTOBER 29?

On September 15, 2026, Nevis High Court Justice Iain Morley ordered HAMILTON RESERVE BANK, formerly known as Nevis International Bank and Trust, to pay over to the bank's depositors listed in the Order, their demand deposits, by 9:00AM local time on October 29, 2026. Whether the Bank will indeed tender the payments, in full, in accordance with the Omnibus Judgment, has been the subject of intense speculation in the Caribbean, as well as whether the Court, if payments are not timely made, authorize further action against the bank, including but not limited to:

(1) Issuing a Writ of Execution and Control, authorizing the seizure of bank assets, wherever they may be found, including at the bank's principal place of business in Nevis, thereby executing upon the Judgment.

(2) Issuing warrants for the arrest of bank officers and/or directors, so that they may be brought before the Court, to show cause why they should not be held in Contempt of Court, or taken into custody, pending compliance with the Judgment.

As the future of Offshore Banking in Nevis could depend upon the bank's actions on October 29, we will be reporting on all developments in this matter, as soon as they occur.

ANTIGUA'S DESPERATE PRIME MINISTER TELLS HIS GULLIBLE VOTERS HE'S NEGOTIATING FOR A THREE YEAR "TRANSITION PERIOD," SO HE CAN RAM THROUGH AS MANY PASSPORT SALES AS POSSIBLE

GASTON BROWNE and ST. LUCIA PM PHILIP J. PIERRE* had a meeting in New York this week, amidst the United Nations General Assembly opening session, with a representative of the European Commission, seeking to extract more time, before the 6/28 EU hammer comes down on all jurisdictions that choose to maintain Citizenship by Investment (CIP) programs. They want more time, three years, which they deign to call a Transition Period."

These Caribbean leaders must think that their negotiating powers will convince an unbelieving European Commission that their rogue programs, which caused all the problems, deserve even more time to sell passports to career white collar criminals, intelligence officers, international sanctions evaders, and the Usual Suspects, all of whom present a danger to the European Union. We doubt that they can save their programs from their existential threats.

Meanwhile, these leaders continue to lay it on thick to their constituents, claiming that they are effectively keeping the EU wolf away from the door. The reality of the situation is far more dire than they let on. Say goodbye to CIP, gentlemen, sooner rather than later.

_______________________________________________ *The Prime Ministers from St. Kitts & Nevis, Dominica and Grenada did not show up. Did they fear arrest, perhaps, or just close surveillance of their movements?

CIRCUMSTANCES WHEN A BANK DIRECTOR CAN BE PERSONALLY LIABLE FOR MISCONDUCT OF HIS FINANCIAL INSTITUTION - HAMILTON RESERVE BANK

HELENE LEWIS, Legal Advisor Nevis Island Administration

As Hugh Sowards, the law school professor in my old class in Business Associations was fond of saying, " Directors must Direct," and as he wrote the casebook on corporations we all used, he definitely knew his subject, Most people incorrectly assume that the directors of a bank are not personally liable for misconduct of the financial institution that they are charged with supervising, but in truth and in fact, there are circumstances where liability does absolutely attach, and the HAMILTON RESERVE BANK scandal is one of them.

(1) Bank directors can be held personally liable for bank misconduct when they breach their fiduciary duties. They owe a strict duty of care and loyalty not only to shareholders but also to depositors and the public trust.

(2) Failure of oversight:Directors can be personally liable if they completely ignore "red flags" or repeatedly fail to address explicit warnings and criticisms about bank actions. Passive or intentionally inattentive board service can be legally construed as a breach of oversight duties.

(3) Criminal Conduct and Fraud: Directors face direct criminal and personal civil liability if they knowingly participate in illegal acts, such as falsifying bank books, hiding material financial facts, misappropriating assets, or committing securities fraud.

In the Hamilton Reserve Bank case, Director HOWARD A. LEWIS, a resident director of the bank, had first-hand knowledge of its daily operation, including all active litigation against the bank by depositors who were unable to receive their demand deposits upon request, as well as other claims against the bank. He is therefore personally liable, upon any of the bases detailed above. He also held the position of ENTERPRISE RISK OFFICER at the bank, due to his former experience in compliance and government service.

Furthermore, as a part of the financial incest that infects Nevis, Mr. Lewis' wife, HELENE LEWIS, is the LEGAL ADVISOR FOR NEVIS ISLAND ADMINISTRATION. An attorney, she is responsible for statutory compliance with the laws of that jurisdiction, as she must certainly was completely aware of the multiple complaints filed with Government regarding the bank's default in remitting funds to its depositors, as well as the attendant civil litigation. There is a presumption that she notified her husband of those problems, which of course he was painfully aware of by reason of his position.

Therefore, he is, by definition personally liable under any interpretation of the law; frankly, I am surprised that he has not, as yet, been named as a party defendant by any of the victims, but as the scandal further unfolds, it is likely that he will be drawn in. Any possible or potential civil or criminal liability of Helene Lewis, or any other government official in Nevis, is outside the scope of this article.

WILL THEIR POTENTIAL SENTENCE CAUSE NICOLAS MADURO AND HIS WIFE, CELIA FLORES DE MADURO TO EVENTUALLY PLEAD OUT AND COOPERATE?

Here is a portion of the recent Government's Memorandum of Law, in opposition to Celia Flores' quest for pre-trial release. Note that she faces a Mandatory Minimum sentence of forty (40) years, which is in effect a Life Sentence. Given that ALEX SAAB MORAN has already pled guilty in his Miami case, which means he will be testifying against the Maduros, their conviction by a jury has a high probability of success.

Will she and her husband ultimately plead out? That should be considered a strong possibility, which could result in these defendants incriminating individuals in Antigua and Dominica, who had a hand in laundering the drug proceeds, and Venezuelan government funds illegally diverted by the Maduro criminal organization. If you were facing 40 years, your options are extremely limited, no matter what your lawyers say.

TONIGHT AT 8 P.M. EDT/AT, I DISCUSS CARIBBEAN CORRUPTION

 

SOURCE: NEVIS PREMIER ORDERED REGULATORY AGENCY NOT TO TAKE ANY ACTION AGAINST ROGUE OFFSHORE FINANCIAL INSTITUTIONS, HAMILTON RESERVE BANK AND BONI

For those readers who have been asking why the FINANCIAL SERVICES REGULATORY COMMISSION (Nevis Branch) has failed to supervise the two principal offshore banks in Nevis, HAMILTON RESERVE BANK and BONI [BANK OF NEW INNOVATION], reliable sources inside the country report that the Premier, MARK BRANTLEY, specifically ordered regulatory staff members not to take any action. This was ordered, notwithstanding that both banks had serious defaulted on allowing depositors to withdraw funds from their demand accounts.

While we must refrain from identifying our sources by name, they are prominent members of the country's business community; to reveal them at this time could place them in personal physical danger. Compliance officers around the world have wondered aloud how a financial institution could be allowed to retain its license, when evidence of what might be interpreted as insolvency, fraud, material mismanagement, or illegal asset diversion has surfaced.

Whether this new disclosure will result in American compliance officers raise Saint Kitts & Nevis to the highest level, regarding their assessment of Country Risk, is a distinct possibility. Indeed, the entire country's financial structure could be red-lined as the result, causing international banks to decline any wire transfer requests, or the closing of the banks' correspondent accounts.

The financial world anxiously awaits the end of October deadline for both banks to make payment on their demand deposits to their customers; it is feared that they will default and violate the court order, and given the dilatory history of bank counsel in the active litigation, the odds are that this will be the case; Stay tuned.

PRE-TRIAL AND TRIAL SCHEDULE IN NICOLAS MADURO MOROS CASE, AS POSTED ON COURT DOCKET

"The parties' proposed schedule is adopted. Oral argument on the first round of defense pretrial motions shall be held on November 17, 2026 at I 0:30 am.

 The final pretrial conference shall be held on May 25, 2027 at 11:00 am. 

Trial will begin June 1, 2027. 

Defense Motions (first round) due by 9/2/2026. 

Government Response (first round) due by 10/2/2026.

 Defense Replies (first round) due by 10/16/2026 

Defense Motions (second round) due by 1/11/2027. 

Government Response (second round) due by 2/18/2027. 

Defense Replies (second round) due by 3/11/2027.

Motions due by 3/11/2027. 

Responses due by 2/18/2027.

Replies due by 3/11/2027. 

Oral Argument set for 11/17/2026 at 10:30 AM before Judge Alvin K. Hellerstein. 

Pretrial Conference set for 5/25/2027 at 11:00 AM before Judge Alvin K. Hellerstein). 

Signed by Judge Alvin K. Hellerstein"

HERE'S THE ACTUAL $163,000,000 FTC JUDGMENT AGAINST KRISTY ROSS

HAMILTON RESERVE BANK'S DARK LITTLE SECRET

For the past twenty plus years, I have provided financial crime analysis and commentary, first for Complinet, then for World-Check, and more recently since 2011, on my blog and on LinkedIn. Though my primary focus has always been money laundering, there are usually other financial crimes which are part of each story.

Crime and the resulting punishment after conviction are generally normal components of my articles, but there are instances where the ends of justice never seem to occur. Consider a few of the more glaring examples: the Iranian sanctions evader who curiously receives "Time Served", rather than the Life Sentence his offenses so richly deserve. The Middle Eastern banker from Malta with the CBI passport whose case is magically dropped to purported Brady violations, and who goes on to live in the United States, with his extended family. The California career criminal who continues to exploit female victims with impunity, while the FBI chooses to ignore his conduct. I have reported on a number of such cases.

All these individuals have successfully participated in that dark, and generally unreported, aspect of our criminal justice system, that of Confidential Informants rendering Substantial Assistance, which often results in reduced sentences, or sometimes no significant punishment at all, due to their cooperation in criminal investigations, resulting in new indictments and/or the recovery of substantial amount of criminal proceeds.

While these cases, which seldom are fully reported in the media, may be ethically problematic to many people interested in the administration of justice, they are a fact of life, they are deemed necessary. the press rarely covers the quiet early release from custody of such individuals.The problem is where law enforcement, in its interest in continuing to receive valuable intelligence from its sources, insures that some criminals are allowed to target and exploit further victims in the process.

You may recall a Florida case I reported on a while back, where a Russian organized crime figure's New York case file was sealed, so the government could continue to receive his information without his criminal role being exposed; that individual then went to South Florida to commit a major real estate fraud. Anyone conducting due diligence on that person, not having access to his New York conviction, would believe him to be a legitimate businessman, which he definitely was not. There were significant victims, and the case stood out when a judge chose to punish a lawyer for later publicly revealing the sordid truth about the individual, when law enforcement wanted to keep it quiet.

I bring all this up in the context of Hamilton Reserve Bank, which curiously still has been able to maintain correspondent accounts at two major American financial institutions, notwithstanding years of civil litigation filed by depositors who allege that the bank has illegally withheld their money. Additionally, there has been zero U.S. law enforcement actions against Hamilton funds believed to be located in America, nor any indictment of anyone connected to the bank. Do you also wonder why?

Hamilton's victims are asking why their complaints to American law enforcement have been ignored; they may not like the answer. According to a reliable source, a senior bank official is rumored to be an informant for an American law enforcement agency. Given that defense counsel for the bank has frequently interposed in pending civil litigation, that many of their depositors are criminals or tax evaders, that makes sense. It would not be the first time a financial institution alleged to be involved on possible criminal activity got a pass from U.S. law enforcement, so long as it continued to feed actionable intelligence to its agents. I leave this information to be verified in the capable hands of counsel for the many plaintiffs/victims. They know best how to dig into the past and, perhaps, find a very interesting tidbit that may resemble what I have been referring to earlier in this article; Happy Hunting. 

PREMIER OF NEVIS OBTAINED A SAINT KITTS CITIZENSHIP BY INVESTMENT (CBI) ECONOMIC PASSPORT FOR HUNDRED MILLION DOLLAR AMERICAN FRAUDSTER HIDING OUT THERE FROM JUSTICE

As we continue to make further inquiries into the HAMILTON RESERVE BANK scandal, our investigation into the fugitive American fraudster KRISTI (KRISTY) ROSS has revealed that Ross, who has been evading payment on a U.S. government judgment of $164 million for more than a decade, obtained an SKN CBI passport, to aid in her ability to cheat justice. She secured the economic citizenship, notwithstanding that it was widely known she was literally running away from a huge United States judgment, with the assistance of NEVIS PFREMIER MARK BRANTLEY, according to reliable sources in the Nevis financial community. Ross has evaded justice in Nevis ever since she fled the United States. We have identified Ross as closely linked to troubled Hamilton Reserve Bank, now at risk of being suspended for allegations of multiple instances of financial misconduct in Nevis.

The fact that Ross was able to obtain a valuable Saint Kitts & Nevis passport, whilst on the run, speaks volumes about the total lack of Due Diligence at the country's CIU, the agency charged with vetting applicants, which has a long and sordid history of selling career criminals, international sanctions evaders, and citizens of countries which are State Sponsors of terrorism. Any bank compliance officer that chooses to accept an SKN passport at account opening is taking a huge risk that he has approved an individual who should never be permitted access to financial resources. Many such passports have altered names (Aliases), bogus Dates and Places of Birth, and allow criminals to travel abroad with impunity.

Additionally, The undue (and illegal) influence of Premier Brantley should not go unnoticed, as he is reputed to be a close friend of Ross, notwithstanding her criminal history. As he has been asked by the judge presiding over the Hamilton cases to consider suspending the bank's operations, pending a civil and criminal investigation into serious allegations, and Ross may have a connection to the bank that has not been publicly disclosed, he may be faced with a decision that Conflict of Interest is interfering with being made. Whether he chooses to resign is an issue he must confront if the Rule of Law is to be adhered to in Nevis in 2026.

$163 MILLION FRAUDSTER, HIDING FROM JUSTICE IN NEVIS, CLOSELY LINKED TO HAMILTON RESERVE BANK

KRISTI MARIE ROSS, also known as KRISTY ROSS, who has failed to pay a one hundred and sixty three million dollar ($163,000,000) FTC fraud judgment fine, and whom we have previously profiled here OUR MOST NOTORIOUS FUGITIVE INTERNET FRAUDSTER, KRISTI ROSS, HIDES FROM THE LONG ARM OF AMERICAN JUSTICE IN NEVIS has been linked to HAMILTON RESERVE BANK, which was ordered this week to pay eighty five million dollars to its depositors.*

Ross, who appears to have a special relationship with Hamilton, formerly known as NEVIS INTERNATIONAL BANK & TRUST, has been seen in the bank by our sources multiple times. Eyewitnesses have stated that she "is treated like a queen" by bank staff. It is not known whether she has parked any of the proceeds of crime that she acquired from American consumers in the bank. Ross operated a fraudulent "Scareware" Internet scam that deceived its victims into thinking their computers were infected, and required costly remediation to fix nonexistent and fabricated damage to their software.

Additionally, Ross has repeatedly been seen socially in Nevis, in the company of reputed Hamilton owner BENJAMIN WEY a/k/a TIANBING WEI, which further confirms her connection to Hamilton. It is presumed that Ross holds a CITIZENSHIP BY INVESTMENT (CBI) economic passport issued by SAINT KITTS & NEVIS, and that she takes advantage of the fact that the government of Saint Kitts routinely ignores any extradition requests from abroad, seeking to detain white collar criminals.

Wey

The complex nature of the Order and Judgment issue this week by the High Court in Nevis requires that the issues presented be analyzed in detail, which will unfold in a number of articles we intend to present here in the coming days. Readers are urged to review all of them, so as to get a comprehensive understanding of the untenable offshore banking situation in Nevis, who the players are, and how the Court, in cooperation with local and international law enforcement, is seeking to assist multiple victims.

Summary of appellate decision confirming judgment against Ross:

_________________________________________________________________

*NEVIS COURT ORDERS HAMILTON RESERVE BANK TO DISBURSE $85 MILLION TO ITS DEPOSITORS BY END OF OCTOBER, AND REQUIRES CIVIL AND CRIMINAL INVESTIGATION OF THE BANK

" IN SUMMARY, AS TO INTERNATIONAL BANKING ON NEVIS, I AM OF THE VIEW... [HAMILTON RESERVE BANK] HRB OUGHT, FOR NOW, TO BE SUSPENDED PENDING FULSON INVESTIGATION BY NEVIS LAW ENFORCEMENT, INTO WHETHER IT TOO IS SCAMMING ITS DEPOSITORS...." JUSTICE MORLEY

 

NEVIS COURT ORDERS HAMILTON RESERVE BANK TO DISBURSE $85 MILLION TO ITS DEPOSITORS BY END OF OCTOBER, AND REQUIRES CIVIL AND CRIMINAL INVESTIGATION OF THE BANK

The High Court in Saint Kitts and Nevis, speaking through Justice Ian Morley, has ordered HAMILTON RESERVE BANK to pay out USD$85.1million claimed by its depositors, by the end of the month of October, in a ruling regarding seven civil cases pending against the bank, in which depositors allege the bank failed to disburse client funds upon demand during the past several years. The decision, which came in an omnibus 222-page judgment, which ordered that all depositors be fully paid by October 29, 2026.

The Court requested that both Nevis Premier Mark Brantley and the head of the SKN financial regulatory agency,  consider " suspension of the Bank's license, pending investigation by the Regulator and law enforcement, " requiring an update from them on October 29, 2026. It also drew the matter to the attention of Saint Kitts law enforcement, and its Attorney General, asking for a "thorough independent investigation," including"if needed... criminal proceedings," encouraging assistance from the FBI and UK Serious Fraud Office, and if necessary " seeking extradition to Nevis."

The case, which also devoted a substantial portion of the opinion to another offshore bank, BONI, will be the subject of further articles, as the decision is far too complex to be properly covered in a single summary. The Court noted that, concerning this interlocutory order, there was no leave for the defendant bank to file an appeal.

Whether this decision will forever taint the offshore banking industry in Saint Kitts and Nevis, as being  bereft of adequate regulation, is an issue that observers are asking themselves in the Caribbean this week, as well as whether Nevis Premier Mark Brantley, who has jurisdiction to cancel the bank's license, will do so, and whether he will resign his office. Stay tuned for further coverage of this case,

 

ALEX SAAB MORAN PLEADS OUT, AGREES TO COOPERATE; ANTIGUA FACES A RECKONING

Yesterday, the Colombian money launderer ALEX NAIN SAAB MORAN, pled guilty to a single count of money laundering in U.S. District Court in Miami; he has agreed to full and complete cooperation with American law enforcement. His sentencing will occur sometime in January; during this next four month period, we must assume he will be extensively debriefed, so that he can quality for a filing by the United States Attorney, requesting a sentence reduced from what should be a 20 year term, given the amount of money laundered.

Who should be concerned about being implicated by Saab on money laundering charges? At the very least, these probable targets should have already retained competent American criminal defense attorneys competent to handle international money laundering cases.

(1) Prime Minister GASTON BROWNE, who made Saab Economic Envoy, and introduced him to the local financial community, through which he laundered millions in drug profits.

(2) GLOBAL BANK OF COMMERCE senior officers, who moved the dirty money.

(3) CARIBBEAN UNION BANK senior officers, also involved with Saab's money laundering pipeline.

(4) The government regulators who approved Saab's purchase of two Antiguan offshore banks. 

Saab will most certainly be scheduled to testify against NICOLAS MADURO MOROS at his criminal trial, which may cause Maduro to also plead guilty, to save what is left of the rest of his life. Could he also testify against Browne and others in the Labour Party, for a reduced sentence? I think that us a definite possibility.

Given that Federal prosecutors generally take a long time to build a bullet proof case, don't expect to see anything this year, but it will eventually happen, and things will get ugly in Antigua, as the fact local banks laundered more drug profits from Venezuela than they did in the Miami Vice heyday of the 1980s, and Antigua will, once again, be on the high risk lists of the world's largest international banks, especially those in New York.  

WATCH MY SOLTESZ INSTITUTION SEMINAR, THE SPECIAL MONEY LAUNDERING PROBLEMS OF PAYMENT PROCESSORS, HERE

If you failed to catch the seminar I presented for the SOLTESZ INSTITUTION, I am pleased to attach the hyperlink:  THE SPECIAL MONEY LAUNDERING PROBLEMS OF PAYMENTS PROCESSORS 

If you don't have the time to watch the entire presentation today, here are two short excerpts that you can view today. After that, you may want to come back here to watch all of it.

https://drive.google.com/file/d/1_aCmyaYHFvrLmh1DGyGbMvWmgsElndAm/view?usp=sharing

https://drive.google.com/file/d/1lyTFCariB5nysFrYlycQAIkeQfjZj1Np/view

For further information on the Soltesz Institution:

https://www.linkedin.com/company/soltesz-institute/

https://www.instagram.com/thesolteszinstitute/