
Since his appointment to this position in 2005, Mr. Iannicelli has put a strategic focus on providing asset-managing services for retirement, investment and protection to its clients.
The bankers who tried to profit from loss
Heard about the bank official who claimed to have been hypnotised and forced to transfer $245 million into accounts around the world?
A director at the bank and four colleagues were later sentenced to three years in prison for embezzling the money. They said they stole it to give to a gang that had promised to double the amount by black magic.
It is one of one of the more unusual ways in which banks across the world have contrived to lose money. In the August 2011 issue of Financial World Christopher Fildes describes some more.
The grandiose-sounding European Union Bank - registered in Antigua by two Russians in 1994 and marketed as the first offshore bank on the internet - advertised for deposits at attractive rates of interest. When the Russians had attracted enough money, they disappeared and their bank 'vanished into cyberspace'...
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