Wellington Bank & Trust

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Another ex-Grenada offshore banker goes to prison in U. S.

May 31, 2007
A United States national has been sentenced to 33 months in prison and fined $4.7 million for his role in a now defunct, fraudulently operated offshore bank on the Caribbean island of Grenada.The sentence was handed down to John Edward

Grenada’s offshore banking industry plumbs new depths

July 31, 2003
Petitions to wind-up five offshore banks were presented at Grenada High Court on July 24, 2003.The banks were Bank Crozier Ltd., DIAK Bank Ltd., Anglo American Bank Ltd., Wellington Bank & Trust Ltd., and Cornerstone International Saving & Investment Bank Ltd.

Winding-Up petitions filed against five offshore banks

July 22, 2003
Petitions to wind-up five offshore banks are due to be heard at Grenada High Court on Thursday, July 24, 2003.The banks are Bank Crozier Ltd., DIAK Bank Ltd., Anglo American Bank Ltd., Wellington Bank & Trust Ltd., and Cornerstone International Saving & Investment Bank Ltd.

Offshore banker Gary Bentz jailed for contempt

May 31, 2002
Former offshore banker Gary J. Bentz was sentenced to prison for contempt of court in the United States on May 23.Bentz was found to have violated an asset freeze order by "secretly spending up to $142,000 in funds frozen by

Contempt action against former Grenada banker Gary Bentz

September 30, 2001
The SEC is seeking to have a former principal of a Grenada based offshore bank held in contempt of court in the United States for allegedly breaching an asset freeze order.Gary Joel Bentz, who helped run Wellington Bank and Trust,

Revocation of bank licenses in Grenada, Bahamas, Cayman and St. Vincent

June 30, 2001
Regulators in Grenada have revoked the licenses of six more offshore banks, at least two of which were linked to the First International Bank of Grenada and stopped operating months ago.The banks are Anglo-American Limited, Rahab Trust and Management, Wellington Bank and Trust, Caribbean Merchant Bank, Crown Meridian Bank and Bern Savings Bank.

Six more bank licenses revoked in Grenada

June 25, 2001
Regulators in Grenada have revoked the licenses of six more offshore banks, at least two of which were linked to the First International Bank of Grenada and stopped operating months ago.   The banks are Anglo-American Limited, Rahab Trust and Management, Wellington Bank and Trust, Caribbean Merchant Bank, Crown Meridian Bank and Bern Savings.

SEC files lawsuit against Wellington Bank & Trust

March 31, 2001
Thirteen months after being exposed by OffshoreAlert as a scam, the SEC filed a civil lawsuit against Grenada-registered Wellington Bank & Trust, its principals and affiliates. The lawsuit was filed at the United States District Court for the Southern District of Indiana on February 27, 2001.

Regulators issue Cease and Desist Order against Wellington Bank

October 31, 2000
The Indiana Securities Division has issued a Cease and Desist Order against Grenada-registered Wellington Bank & Trust Ltd., which is a sub-bank of the First International Bank of Grenada. Also named in the Order were Nevada-registered Wellington Capital Holdings Limited Inc., Ohio-registered CastleRock Consulting LLC and Ohio residents John E. Brinker Jr. and Gary J. Bentz.

Wellington Bank & Trust – same scam, different name

January 31, 2000
Offshore Alert has uncovered another highly dubious Grenada-registered bank that is owned by a former bankrupt. Wellington Bank & Trust, which was incorporated on July 27, 1998, is owned by John Edward Brinker Jr. and Gary Joel Bentz, who are both based in Ohio.