Terry Neal’s bank named as a relief defendant in stock fraud lawsuits

By David Marchant

16 years ago

Topics

Money Laundering Nauru St. Kitts & Nevis USA

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Keywords

AbsoluteFuture.com Berkshire Capital Partners Inc. Commonwealth Associates Ltd. Dottenhoff Financial Ltd. Edward Durante

Exchange Bank and Trust Galton Scott & Golett Inc. Ramoil Management Ltd. Terry Neal UN Dollars Corp. WAMEX Holdings Inc. Zimenn Importing and Exporting Inc.

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A Nauru-licensed bank that is operated from Nevis was used to launder most of the more than $30 million in profits from a fraudulent stock trading ring, it has been alleged.Exchange Bank and Trust, which is operated by Terry Neal’s Nevis American Trust Co., has been named as a relief defendant in three of four related lawsuits filed by the SEC in the United States.

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