Melvin Ford’s plan to buy American International Bank falls through

By David Marchant

26 years ago

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Keywords

American International Bank Edward St. Clair Smith International Loan Network Liquidations & Insolvencies Melvin Ford

William Cooper

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A proposal to buy American International Bank Ltd. that was put forward by a businessman with a history of operating shady schemes has fallen through, we have been told.
AIB’s receiver, Edward St. Clair Smith, is now believed to be trying to sell the insolvent bank to other interested parties for $3.5 million, according to a source.

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