According to a report from KYC News, several arrests have been made in connection with the former First International Bank of Grenada (FIBG), which went into liquidation in 2001, with losses estimated at more than $200 million.
The compliance news service revealed that five former officers, directors, and promoters of the bank, including Founding Chairman and CEO Gilbert Allen Ziegler (also known as Van Arthur Brink) face charges in the United States on multiple counts of wire fraud, mail fraud, money laundering, and conspiracy.
Although Laurent E. Barnabe (also known as Larry Barnabe), Rita L. Regale, and Robert J. Skirving were all arrested on Tuesday, the KYC News report explained that Douglas C. Ferguson and Gilbert Ziegler are still at large.
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