The First International Bank of Grenada (FIBG) was an offshore bank that operated between 1996 and 2000, duping thousands of people in a Ponzi scheme. Four people were indicted, the result of a collaborative effort between the FBI and the Internal Revenue Service, estimating a monetary loss from investors at over $170 million.[1]
The scheme was first reported by David Marchant, the publisher of OffshoreAlert, a Miami-based newsletter.[2] The bank was put in liquidation with liabilities of $473 million.[3]
^"Four Sentenced In Bank Of Grenada Ponzi Scheme". OPB. 17 July 2003. Retrieved 23 June 2014.
^Woodard, Colin (31 May 2008). "Post-Ponzi scheme, Grenada to reopen for offshore banking". The Christian Science Monitor. Retrieved 23 June 2014.
^Marchant, David (13 February 2002). "Funny Business: Oil or snake oil?". Retrieved 23 June 2014.
and 20 Related for: First International Bank of Grenada information
subsidiary of the Canadian Imperial Bankof Commerce (CIBC). The bank was founded in 2002 as FirstCaribbean InternationalBank through the merger of the Caribbean...
Eastern Caribbean Central Bank (ECCB) is a supranational central bank that serves Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts...
1974, and the World Bank, the International Monetary Fund, and the Organization of American States in 1975. Grenada also is a member of the Eastern Caribbean's...
national bird ofGrenada. It is considered to be one of the most critically endangered doves in the world (Bird Life International 2000). The Grenada dove is...
Fidelity Bank Finance Corporation of The Bahamas FirstCaribbean InternationalBank Royal Bankof Canada Scotiabank Central Bankof Barbados CIBC FirstCaribbean...
Grenada (/ɡrəˈneɪdə/ grə-NAY-də; Grenadian Creole French: Gwenad /ɡwiˈnaɪd/) is an island country of the West Indies in the eastern Caribbean Sea. The...
Stock Exchange, which was part of an investment fraud carried out by the Caribbean-based FirstInternationalBankofGrenada. Barry developed VitaPro in...
operations of the Chase Manhattan Bank in St. Maarten. RBTT restructured its ownership and GrenadaBankof Commerce became a subsidiary of CBC. 2000 RBTT...
The history of currency in the British colony ofGrenada closely follows that of the British Eastern Caribbean territories in general. Even though Queen...
350-member peacekeeping force operating in Grenada from October 1983 to June 1985 after the Invasion ofGrenada, codenamed Operation Urgent Fury. The military...
Rico. RBC sold its assets in Grenada to Republic Bankof Trinidad and Tobago. 1985: RBC started to withdraw from much of the Caribbean. It sold its 12...
This is a list of mobile telephone prefixes by country. List of country calling codes The original prefix issued to the mobile network operator. Due to...
International Circulation Mark. It is referred to as the Distinguishing sign of the State of registration in the Geneva Convention on Road Traffic of...
in St. Vincent, Antigua and Grenada, offering visitors and residents a wider choice ofinternational gateways in and out of St. Vincent & the Grenadines...
"World Bank bars seven firms including four from China". Reuters. Archived from the original on 2017-12-22. Retrieved 2017-12-20. "New Grenada Stadium...
Barbados, Grenada, Guyana, and the Bahamas which have all became members of the African Export Import Bank. And the Caribbean Development Bank signing a...
Global Information