Summary
IAN MULLEN, head of the venerable British Bankers' Association, is the last person City Spy would expect to be associated with anything dodgy. But, through no fault of his own, he is among various eminent individuals to feature on a website regarded with a jaundiced eye by financial watchdogs in Jersey and the Isle of Man. A recent BBA fraud conference was told how the site supposedly promotes Financial Trust Group, which gives its address as 1 Paternoster Row, St Pauls. But this is the offices of Charterhouse Bank. FTG also claims to have its own bank, Meridian Trust, based at 52 Circular Road, Douglas, Isle of Man. However, the Manx mandarins say this is a car park and deny Meridian Trust has a banking licence.
FTG also claims licences from something called the Securities Stock Exchange Commission, but the only outfit so named is in Sofia. Sober portraits of those in charge of FTG are billed as being of Gary Foden, Andre Silva and Julian Hestor. But Foden's face is actually that of Mullen of the BBA, while the other two are exact doubles of Ilya Prigogine, who won a Nobel prize for chemistry, and Louis Ederington, who has published many works on finance at the University of Oklahoma. The not-so-trustworthy Trust's director of internet banking is supposedly Patricia Taylor but the smiling photo is actually that of Kay Ivey, well-known in Alabama as state treasurer.See the full content of this document
Extract
City Spy
No prizes for guessing Financial/Meridian's real business: sending emails to punters about a big prize tha...
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