Stanford Financial ‘Fraud’ Will Impact Future of Offshore Banking

Feb. 18, 2009 - PRLog -- SEC charges brought against Allen Stanford are set to have a huge impact on how people view high-interest offshore bank accounts.

Allen Stanford and three of his companies have been charged with orchestrating a huge, multi-billion dollar investment scheme centering on an $8 billion CD programme.  It is alleged that SIB has sold approximately $8 billion of so-called "certificates of deposit" to investors by promising improbable and unsubstantiated high interest rates. These rates were supposedly earned through SIB's unique investment strategy, which purportedly allowed the bank to achieve double-digit returns on its investments for the past 15 years.

Assets have been seized and put in to receivership in an attempt to preserve whatever remains for these luckless investors.

Many are drawn towards offshore banking by the lure of higher interest rates, greater privacy and freedom of movement with regard to their funds, yet offshore shell banks and frauds reveal time and time again how treacherous the offshore dream can be if pursued without caution.

The dream of privacy and massive returns offshore is almost over, or is it?

Renowned offshore bankingexpert and Capital Conservator CEO David Finzer has been heralding this for over 10 years. According to Finzer, big name banks have been allowed to lend, invest or otherwise play around with deposits without regard for safety or depositor insurance – ‘‘the 100 biggest banks in the world should be called the 100 biggest banks to be afraid of’’. If there are worries for big onshore banks, what chance for the unregulated banks offshore?

Elements of the Capital Conservator group have been operating for over 10 years, but it is the past year that has really seen an explosion in growth thanks to security-driven offshore investors. Why are they looking towards his company for the answer?

Understanding the twin needs of both privacy and fiscal security, Finzer has created a unique offshore banking system that caters for both. Capital Conservator does not lend or invest deposits and its accounts are located in non tax havens that are not party to international tax agreements. Furthermore client accounts are protected by bank secrecy laws in both Uruguay and New Zealand. This double pack of security and confidentiality is something people just aren’t finding elsewhere.

Returns on investment are still possible – from their secure online account access clients have the option of investing in stocks CD’s and gold anonymously, but at their own risk. For many this method of personal control is far preferable to putting their live savings in the hands of unscrupulous profiteers.

The needs of investors are changing, with privacy and security taking centre stage offshore over high ROI.

After more than 30 years of hard work, Finzer is confident he has found the solution. '‘We’re so safe and private, even the Swiss bank with us’'. Opening an offshore bank account couldn't be easier!

http://www.capitalconservator.com/offshore-bank-account/o...

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