STEWART SYTNER
Stewart Sytner has been a Director of Intertrade Bank, a bank which is organized and chartered in Yugoslavia, since 2000. Mr. Sytner is a consultant in financial services to public companies in the United States and abroad. From 1987 to 1997 he served as a consultant to several Wall Street related firms as part of hisaffiliation with Ingram Michaels. He earned his M.S. from C.W. Post Center of
Long Island University in 1973.
sec.edgar-online.com
March 5, 2004 - Unauthorized Banking: Fictitious Internet Bank Intertrade Bank - This alert states that the OCC has received information that Intertrade Bank may be operating a banking business without authorization. Intertrade Banking has not been granted authority to operate a banking business in the United States by the OCC or the state of New York. www.occ.treas.gov/ftp/alert/2004-7.txt
thecommunitybanker.com
OCC ALERT 2004-7, "UNAUTHORIZED BANKING: FICTITIOUS INTERNET BANK (INTERTRADE BANK)," DATED MARCH 5, 2004.
Alert 2004-7
OCC Alert
Subject: Unauthorized Banking: Fictitious Internet Bank
Description: Intertrade Bank
Date: March 5, 2004
TO: Chief Executive Officers of All National Banks;
All State Banking Authorities; Chairman, Board of
Governors of the Federal Reserve System; Chairman,
Federal Deposit Insurance Corporation; Conference of
State Bank Supervisors; Deputy Comptrollers (districts);
Assistant Deputy Comptrollers; District Counsel and
Examining Personnel
RE: Intertrade Bank, located on the Internet at: www.intertradebank.com, with locations in Montenegro,
London, and New York.
The Office of the Comptroller of the Currency (OCC) has received information that the above-referenced entity may be operating a banking business without authorization. The information contained on its Web site (no longer functioning) includes addresses for a headquarters in Montenegro, Yugoslavia, and facilities in London, England, and New York, NY, USA.
Please be advised that Intertrade Bank has not been granted authority to operate a banking business in the United States by the OCC or the state of New York. In addition, the entity has not been granted any such authority to operate in the United Kingdom or Montenegro.
Any information that you may have concerning this matter should be brought to the attention of :
Mail: Office of the Comptroller of the Currency
Enforcement & Compliance Division, MS 8-10
250 E Street, SW, Washington, DC 20219
Fax: (202) 874-5301
Internet: occ.treas.gov
E-mail: occalertresponses@occ.treas.gov
Brian C. McCormally
Director
Enforcement & Compliance Division |
