Post by congregatio on May 12, 2016 0:28:09 GMT 4
Balboa Bank & Trust in Panama has been taken over by the Panama Government again.The bank is owned by the Strategic Investors Group, a holding company formed in 2010 when it paid $15.5 million to acquire the local affiliate of Stanford Financial Group. That bank was also seized by Panama's regulators when the United States accused it of perpetrating a "massive" fraud.