Swiss American Bank wins lawsuit brought by US government

By David Marchant

26 years ago

Topics

USA

[ 1 more... ] [ top 5 ]

Keywords

Bruce Rappaport Inter Maritime Bank Swiss American Bank Swiss American National Bank

The US government has lost its bid to recover $7 million from banks in Antigua, Panama and Switzerland that were the proceeds of marijuana smuggling carried out in Massachusetts.
Judge William Young, of the Federal District Court for the District of Massachusetts in Boston, dismissed a lawsuit brought against Swiss American Bank and Swiss American National Bank (both of Antigua), Swiss American Holding Company S.A. of Panama and Inter-Maritime Bank of Geneva.

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