What happened to Banco Trasatlantico ? (Former Griffon Bank)

Poverello · #1 05-11-2012, 11:41 AM

Notice
“Effective 29 March 2012, the Dominica Financial Services Unit (the “FSU”) has appointed Oliver Jordan, of Deloitte Consulting Ltd. of Barbados as the Receiver of Banco Trasatlantico Limited (the “Company”) pursuant to the Dominica Offshore Banking Act.

Effective from the appointment, the Receiver has assumed immediate control of the affairs of the Company and is responsible for assessing the financial position of the Company and reporting its findings to the FSU within 60 days of the date of the appointment.

We ask for your patience as we undertake this effort. If you have any urgent inquiries, please direct them to receiver@bancotrasatlantico.dm or to the following address:

c/o The Receiver
Banco Trasatlantico Ltd (In Receivership)
3rd Floor, Financial Center
Kennedy Avenue
Roseau, Dominica, West Indies

http://www.bancotrasatlantico.dm/

The head bank in bank is still doing OK..

www.bancotrasatlantico.com

TheOffshoreAdvisor · #2 05-11-2012, 06:09 PM

Wow, I guess Griffon bank/Banco Transtlatico is insolvent in Dominica. Quite an embarrassment for those agents offering Dominica banking.

**Barron** · #3 05-21-2012, 09:07 AM

On another note It's more than just embarrassing for the head bank in Panama to let their subsidiary just go down. It makes me wonder how many new accounts and deposits the head office in Panama expects to get now?

licanulla · #4 06-05-2012, 08:34 PM

I'm one of depositors and was asked to post it here:

Dear Sir, Madam,

This is to inform you of our actions for account holders of Banco
Transatlanticon. Our law firm will try and obtain as much information we can
(also confidential documents), then study if any of the parties can be held
liable. If so, then we will file a lawsuit against this party/parties. If we
do not find any party that could be held liable successfully, then we will
try and push for the release of as many funds and as quickly as we can by
using all of our relations and expertise.

It is important to represent as large a group as we can, in order to exert
more influence on the parties (including politicians) involved.

We work on a contingency fee basis of 25% of all funds that we collect.
There are no fees or costs to be paid up front. Our firm will pay for all
Court fees and legal fees, if applicable. We have one policy and percentage
for all account holders, which we think is fair.

In order to proceed, I kindly request you to send me the following
information:

1. The full name of the account holder with Banco Transatlantico;
2. The full address of the account holder with Banco Transatlantico;
3. The account number with Banco Transatlantico;
4. The exact amount stuck in the account.

We have already started with this case and have notified the authorities of
our representation for our present clients. It is still possible to join
this collective action at this moment.

Note that once legal proceedings have started, it is NOT possible to add
account holders. Account holders that are not part of the class action,
simply lose out. By joining this action, account holders have nothing to
lose and everything to win.

I kindly request you to send me the information mentioned above (please send
to daniel@zlattorneys.com) After receipt of this, we will follow up and send
you our engagement letter and Power of Attorney.

Kind regards,
Daniel D. Zahavi Mph, MBA, Juris Doctor