The level of naive they'd display hoping that the client doesnt come after his money. Weird.
Terabank Georgia
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If you do not live in Georgia and do not have any personal ties to the country, forget about local banks.
Georgian banks are expensive, pay very low interest (on FX deposit) and every transfer goes through SWIFT (extremely high fees). If you have a problem with a Georgian bank, you are on your own and will have to take the matter to court. There is no consumer protection.
So, better avoid putting any money in a Georgian bank.
It's mid 6 figures USD, not exactly change I can leave on the table.
Fortunately good lawyers in Georgia are reasonably priced, so far I spent only about $30k in legal fees for 1 years work.
Update on the case: I agreed in principle on a settlement before the appeal hearing. But the bank wanted to sign the agreement before sending the money rof/%
So we went to court and the judge advised the bank to agree to my terms. The hearing is adjourned, and the bank's management is now “considering” my offer.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Same case, the bank appealed the decision of the court.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I went to a banker's conference a long time ago (I had a crazy idea about a business - glad I wisened up stupi#21 - it was a really stupid idea and I'm glad I "woke" up ) and basically I walked away from that trade show with one understanding "the bank monkeys don't care". It's NOT their money and they won't be held accountable. These are really bad/broken/greedy/evil people and they are only scared if they are personally going to be "attacked", which almost never happens because they hide their identity. When was the last time any of us had a copy of a banker's ID, passport, utility bills, etc.? 🙄
how is this going ?
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
I settled on favorable terms before the appeal, and received the balance on an account in the US the same day it was sent (TeraBank claimed in court they were unable to wire funds to the US).
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Congrats with the result, you may have been lucky for such a smooth transition.
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
Thanks, but I wouldn't call a 2+ years nonsense litigation smooth. A 6 figures amount remained frozen all this time just because of plain lies from the bank, which suffered no consequences apart from some extra interests paid.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
OH OH the story didn't tell anything about that eek¤%&
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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
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