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Allegations

Bruce Rappaport sells shares in offshore bank

The Bank of New York's one-time biggest single shareholder, Bruce Rappaport, no longer controls shares in Antigua-licensed Global Bank of Commerce Ltd., formerly known as Swiss American Bank Ltd.Antigua's International Financial Sector Regulatory Authority approved a change of ownership at a meeting on December 18, 2001.

Insider Talking: September 30, 2002

The Imperial Consolidated fraud has taken a further turn for the bizarre with the distribution in September of several press releases, masquerading as news stories, by a newly incorporated British company called Matrix International (Management) Ltd., whose commercial address is