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That's false. De Jong resubmitted his financial is the form OCIF required. He never did business in a sanctioned county. That was a case of mistaken identity which was cleared up with OCIF. He was never deemed unfit. The evidence shows that OCIF was prepared to approve the sale until the IRS...

New information that I just obtained through my lawsuit against the IRS to force them to comply with the FOIA has borne fruit. While the IRS is still illegally withholding hundreds of pages of incriminating documents, what has been disclosed is shocking. The documents confirm that, but for the...

Probably. It just took one women to do it.

Perhaps, but the same would have been true had the bank moved to any one of the 50 U.S. states.

It was a complete coincidence. I moved to PR in 2017 too, so did the other two principals of the bank. So it was tax advantageous for the bank to move there too. Plus, we were having problems being in the jurisdiction, due to problems with Loyal Bank, the largest offshore bank in St. Vincent. So...

Yes.

But the bank didn't offer privacy. It did at first when it was located in St. Vincent, but it gave that feature up when the bank relocated to Puerto Rico in 2017. The customers knew that, and those who wanted privacy closed their accounts at that time.

The bank had about two to three million more than was owed to depositors. It was all in cash. Even if the receiver spent 1 million per year, it should still be about right. There is no way its anywhere near 30 cents. Worst case it should still be above 95 cents. Plus I think the bank is earning...

I am sure the funds will be returned eventually. It's possible that it will be less than 100 cents on the dollar. But not too much less. However customers lost out on interest they may otherwise have earned, and those who converted gold to dollars will have lost out on that appreciation. On the...

Why would it go no where? He violated his fiduciary duty to act in the best interest of the bank's creditors and shareholder. I have a good case against him. Also, I doubt it will delay the return of customer funds, which will have been tied up for three years in June. If anything it will shine...

It's a U.S. federal court in Puerto Rico. That's the court that has jurisdiction.

Here is the civil rights lawsuit I filed on Nov. 4th 2024 https://9fraud.com/civil-rights-claim/

He has not even been served yet.

There is a lot of information on what happened to the bank on this website 9fraud.com. I will be posting the lawsuit I recently filed as soon as the first parties are served.

Impressive resume, but he had no prior banking experience at all when OCIF put him in charge of my bank. He was so so incompetent that he blew a 500K pound receivable. All he had to do was gather certain information and provide it to the liquidator, but he couldn't do that one simple task. The...

Yes, they take long vacations here in Puerto Rico. So I agree with you, unless my lawsuits puts some extra pressure on him to get something done.

The evidence is clear that he violated his fiduciary duty from day one. He never tried to sell the bank in its entirety. There where multiple buyers. Selling the bank was in the best interest of everyone. Yet he failed to act in the best interest of everyone, and instead acted solely in the best...

Yes, the lawsuit is against him as the trustee of the bank, as I am suing him personally for violating his fiduciary duty to depositors, other creditors, and the bank's only shareholder. As fat as time is concern, I think most of what he does now is bull s**t anyway. he just needs to run up the...

Correct. But its been almost 2.5 years now. Even if I didn't sue there is no telling how much longer this would go on. The receiver is making a lot of money from the bank. Since he's clearly been delaying the liquidation, why should he stop now? He can always make up excuses for another 2.5...

We have a lot of written evidence too. We will get a lot more in discovery. I don't think he can use bank funds unless a judge gives him permission. He is being sued for violating his fiduciary duty as a trustee. He would violate it more if he were to use bank funds to defend against this...