Omnicorp Bank attempts to restructure

By David Marchant

16 years ago

Topics

Banks & Trusts Fraud Liquidations & Insolvencies St. Vincent & the Grenadines

Keywords

Liquidations & Insolvencies Nelson Bayford Omnicorp Bank

Omnicorp Bank, of St. Vincent, is attempting to convert from an offshore bank to an investment fund in an attempt to stave off liquidation.Canadian national Nelson Bayford, who controls the bank, has been approaching depositors requesting that they convert their interest from debt to shares, said two sources.

- You're only seeing part of this content
  
  To view the entire article or download the document, subscribe today.
  
  - Offshore Courts: 29,000+ court cases (Bahamas, Bermuda, BVI, Cayman Islands)
  - Investigative Articles: 4,500+ in-depth articles, including fraud exposés
  - MLATs - Criminal: 1,400+ MLATs on global criminal investigations
  - Ch. 15 - Insolvencies: Monitored daily
  - Foreign Discovery: Applications for foreign discovery filed in the USA, monitored daily
  - Regulatory Actions: Global regulatory actions, fines, and bans, monitored daily
  - And More: Criminal indictments, extraditions, winding-up petitions, and more
  
  Unlimited access for less than $3/day.
  
  Cancel anytime.
  
  SUBSCRIBE
- SIGN IN
  
  Forgot your password?

BECOME A SUBSCRIBER

Daily red flags in high-value international finance

Unlimited access. No contracts. Cancel anytime.