--- begin forwarded text X-Sender: themet@pop.mindspring.com Mime-Version: 1.0 Date: Thu, 7 Aug 1997 15:11:07 -0700 To: fraudnews@silverquick.com From: Mark Taylor <null@silverquick.com> Subject: Alert: European Union Bank Reply-to: Mark Taylor <themet@mindspring.com> The European Union Bank, which advertised for customers on the internet and operated out of Antigua, is closed and a fraud alert has been issued by the government of Antigua. The founders of the bank, Serbveo Ushakov, allegedly of Bronxville, New York, and Vietalui Papsouev of Richmond Hill, are missing. The government says the two are Russian nationals. Employees of the bank were fired last week and a recorded phone message states that the bank is temporarily closed. The banks internet site at The bank's Internet site ( http://www.eubank.ag ) is no longer functioning. The government of Antigua has appointed Coopers & Lybrand do a full audit of the bank. On May 30 the Idaho Department of Finance ordered European Union to stop soliciting deposits from Idaho residents over the Internet. The state alleged that since the bank operated without a state or federal charter that it was operating illegally. Last week that the Bank of England warned investors last fall about depositing funds in European Union Bank. There is no word yet on how many people deposited money in this bank and how much money is missing. The government of Antigua states it is cracking down on banks with alleged connections to Russian mobsters. FraudNews is owned and published by : Mark Taylor: themet@mindspring.com All material published is copyright.It must not be reproduced in any form without the express permission of of the owner. ============================================================= This Newsletter is broadcast using the List and Newsletter Management facilities of Silverquick Communications You may subscribe to FraudNews and the Fraud-Discuss lists on the web pages at : http://www.silverquick.com ============================================================= --- end forwarded text ----------------- Robert Hettinga (rah@shipwright.com), Philodox e$, 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' The e$ Home Page: http://www.shipwright.com/