AMIT to sue FDIC re R-G Premier Bank Fraud
Please be advised that the Atlas Monetary International Trust (AMIT or the Trust) intends to file a criminal law suit against members of the U.S. Federal Deposit Insurance Corporation (FDIC), members of the R-G Premier Bank and those parties who appear to have entered into a conspiracy to commit fraud in transferring the R-G Premier Bank and its assets to the Nova Scotia Bank without approval and compensation to the R-G Financial Corp. shareholders. Such action has interfered with the Trust’s efforts to close the purchase of the bank, thereby delaying the initiation of the National Economic Program for Puerto Rico with considerable hardship to its people seeking employment. In addition, it delayed the payment of $10 million to the Municipality of Ceiba for the purchase of Roosevelt Roads Naval Base, necessitating the release for sale of $10 million in silver by private parties to cover the Trust’s Promissory Note to Ceiba.
For the record, AMIT had already arranged for the purchase of the R-G Premier Bank about October 26, 2008 as indicated in the attached “Resolution to the R-G Financial Corp. shareholders “, dated April 30, 2010. The action was delayed due to the unfortunate deaths of several AMIT Trustees and the Trust never vacated its intent to purchase the Bank during the succeeding period up to April 30, 2010, when it was reactivated with the Resolution upon the availability of several new AMIT Trustees indicated in the Resolution.
AMIT asserts that it has continuously had the rights to complete the transaction to purchase the Bank, and any action or intent to circumvent that right without informing the shareholders and AMIT is tantamount to fraud and cannot go unpunished if the parties continue to pursue their fraudulent act.
Thank you for your assistance in this matter.
Sincerely yours,
Andrew J. Cipollo
Irrevocable Trustee
Last Updated (Thursday, 13 May 2010 08:53)



