Reply #54: This link from FDIC shows that there was an alert issued... [View All]

[ailsagirl]

http://www.fdic.gov/news/news/SpecialAlert/2004/sa7304.html

Special Alerts
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SA-73-2004
October 15, 2004

TO: CHIEF EXECUTIVE OFFICER (also may be of interest to Security Officer)
SUBJECT: Entities That May Be Conducting Banking Operations in Canada or the United States Without Authorization
Summary: Six entities may be illegally operating as financial institutions.

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached "Warning Notice" (Issue No. 55), which lists the names of six entities recently brought to OSFI's attention. These entities are Bankers Financial and Security Trust, Toronto, Ontario; Equity Financial Trust, Toronto, Ontario; Falcon Financial and Trust, Toronto, Ontario; National Deposit, Toronto, Ontario; Standard Financial Trust Bank, Toronto, Ontario; and Unity Virtual Trust Group, Toronto, Ontario.

These entities, or persons representing them, are reportedly operating in Canada. They may be violating provisions of the Bank Act (Canada) or other Canadian financial institution regulations. They may also be conducting unauthorized banking transactions in the United States. Any proposed transactions involving these entities should be viewed with extreme caution.

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Any information about these entities may be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-4040, Washington, D.C. 20429, or forwarded electronically to [e-mail].