Here's an email I just got that can't possibly be real, but I'm having trouble figuring out the angle.
Posted by
pmb (aka pmb)
Oct 19 '11, 09:08
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"Hi,
We are looking to acquire an US bank. Most of our clients are international traders, spanning multiple continents and jurisdictions. They pay a lot of money to banks for Transactions and short to medium term loans. Our interest is in not in the US bank itself, but the license( charter ) and the possibility to do offshore banking.
We wanted to have a bank with a strong regulator to give substance to the in-housing of transactions/loans / Letters of Credit etc. What better jurisdiction than the USA for such operations � in terms of credibility. Also the large US market will allow this bank to grow organically to self-sustain. I am myself based in Cayman and proximity is not an issue.
We have looked at a couple of Florida banks and not very keen.
We would also want the bank to have at least a 5 yr. history. Eventually we would like to have an off shore subsidiary ( Cayman or Anguilla) for tax efficiencies.
We do not necessarily want 100%stake. A controlling stake would do."
I am a lawyer who practices in the banking industry, but random emails are certainly not how someone goes about buying a bank. It feels like a scam (and I'm certain it's not real), but it aims so high I can't figure out what the angle is. The amounts of money that would be involved are so large it just couldn't succeed with almost anyone. Curious if anyone has any thoughts on how this scam works. They need to park money for the "acquisition" maybe?
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