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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (18971)	6/23/2008 9:07:56 PM
From: scion	Respond to of 19428

Bank Fraud Alps Resources Bankers Amalgamated Resources Holdings, Inc. Jadomanee "Dutt" Rampadaruth Amal Rampadaruth Action Date: June 17, 2008 Location: West Palm Beach, FL frauddigest.com On June 17, 2008, Amal Rampadaruth, and his father, Jadomanee “Dutt” Rampadaruth, were indicted in federal court in West Palm Beach, Florida. The indictment charged both defendants with two counts of wire fraud, in violation of 18 U.S.C. § 1343, and related forfeiture. As set forth in the indictment, Amal Rampadaruth and his father, Jadomanee Rampadaruth, ran a fraudulent scheme through two Florida corporations: Alps Resources Bankers, Inc. (ALPS) and Amalgamated Resources Holdings, Inc. (ARH.) The defendants offered what they claimed were various financial products, including alleged “bank guarantees,” through ALPS and ARH. They claimed the alleged “bank guarantees,” purportedly from foreign financial institutions, could be used by purchasers as collateral to obtain substantial loans from domestic financial institutions, and as assurance to domestic lenders that any financing granted would be repaid if any default on such loans should occur. The defendants advertised their financial services through a website. In July and August, 2005, one victim of the defendants’ fraud, identified in the indictment as “Victim N.P.,” wired $300,000 to the defendants to purchase one of these “bank guarantees.” The victim was attempting to obtain collateral for a substantial loan from a domestic lender in order to obtain financing for a multi-million dollar project. The defendants never delivered the alleged “bank guarantee” to Victim N.P.’s lender despite the fact that Victim N.P. paid all monies requested. Despite repeated requests for a refund, the defendants have not refunded the money to Victim N.P. In addition to the criminal charges, the indictment seeks to forfeit $300,000 representing the proceeds the defendants received from their fraud. Each wire fraud count carries a statutory maximum penalty of twenty (20) years imprisonment, a $250,000 fine, supervised release of up to three (3 years) and restitution. frauddigest.com