Defunct Belize Bank To Pay $23M To Exit FTC Fraud Case

By Anne Cullen · September 24, 2019, 6:46 PM EDT

Atlantic International Bank Ltd. will pay $23 million — the entirety of its U.S.-based assets — to settle Federal Trade Commission claims that the shuttered Belizean institution helped facilitate a $100...

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Case Information

Case Title

In re Sanctuary Belize Litigation

Case Number

1:18-cv-03309

Court

Maryland

Nature of Suit

Other Statutory Actions

Date Filed

October 31, 2018