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FIBG meaning in International ? |
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Answer» What is First International Bank of Grenada mean? The First International Bank of Grenada (FIBG) was an offshore bank that operated between 1996 and 2000, duping thousands of people in a Ponzi scheme. Four people were indicted, the result of a collaborative effort between the FBI and the Internal Revenue Service, estimating a monetary loss from investors at over $170 million. The scheme was first reported by David Marchant, the publisher of OffshoreAlert, a Miami-based newsletter. The bank was put in liquidation with liabilities of $473 million. reference nan |
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