Richard Rosenberg

Former members of the "Board of Managers" of a failed offshore bank in Colorado have paid $1.85 million to settle a complaint for negligence and breach of fiduciary brought by the bank's liquidator.A settlement agreement between defendants Marc Berger, David

A judge in the United States has denied claims for unpaid compensation by two former senior officers of an 'offshore' bank in Colorado that was forced into liquidation in November, 2007 by state regulators who estimated its "liquidity deficiency" to

A public hearing is scheduled to be held before the Colorado Banking Board on January 17, 2008 at which a challenge will be heard to the "emergency order of involuntary liquidation and order for possession" that were entered by the Board on November 19, 2007 against the state's sole remaining offshore bank, American Intercapital Holding LLC., d.b.a. American Intercapital Depository & Trust, f.k.a. American International Depository & Trust; Grenada Prime Minister Keith Mitchell, along with his wife, Marietta Mitchell, was dismissed as a defendant in a civil action at the U. S. District Court for the Eastern District of New York on December 5, 2007 after all parties agreed that he is entitled to "head-of-state immunity"; Visitors to the "Warnings" page of a web-site operated by the Nevis Financial Services Regulation & Supervision Department will no longer see a warning that the regulatory agency issued on October 19, 2007 against Global Consultants and Services (Nevis) Limited; and The legal validity of Condor Insurance Limited's Amory-assisted continuance from St. Kitts to Nevis was challenged by Condor's principal, Harvey Milam, in a filing at the U. S. Bankruptcy Court for the Southern District of Mississippi on December 21, 2007.

A Colorado-based financial institution that promotes itself as the first ‘offshore bank' in the United States is living up to its billing - by becoming involved in controversy. American International Holding LLC, d.b.a. American International Depository & Trust, has only been in business since 2003 but has already been sued twice at U. S. federal courts.