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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)

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To: Brenda L. Greer who wrote (806)11/11/1998 8:25:00 AM
From: Arcane Lore  Read Replies (3) of 1020
 
BestBank duo faces restrictions

... The agreement reached Tuesday calls for Baetz, Gallant and Century Financial to frequently disclose to the FDIC any personal or company spending or asset transfers of $1,000 or more. Attorneys for the government, Mattar and Boyd accepted a Monday deadline for their negotiations. ...


denverpost.com

BTW, this article, like several of the earlier ones provides a approximate estimate from the FDIC for the number of credit cards issued (and hence processed by CLCK) under the program:

The government claims more than 500,000 people with poor credit signed up under the bank program, which gave them Visa cards with a $600 credit line through the bank so long as they bought a membership to a $498 discount travel program that was mostly owned by Baetz and Gallant.

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