GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
655091

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: Bank of Cyprus - Crooked Bankers face serious charges and 20 year prison sentences

Posted by on in ROYAL COMMISSION URGENT
  • Font size: Larger Smaller
  • Hits: 1962
  • 3 Comments
  • Print

Five Bank of Cyprus Officials Prosecuted

 December 18 2014

 

Ioanna Zikakou

 

http://greece.greekreporter.com/2014/12/18/five-bank-of-cyprus-officials-prosecuted/

 

Greek-Cypriot Attorney General Costas Clerides announced that five Bank of Cyprus officials are facing serious charges that could result to 20-year prison sentences.

 

The Bank of Cyprus is the bailed in lender of the country whose economy faced difficulties in 2012.

 

The five Bank of Cyprus officials will be the first bankers to be charged in the collapse of the country’s primary lender, which had to seize 47.5 percent of deposits over 100,000 euros in order recapitalize.

 

The five men who will be charged are Andreas Eliades, former Bank of Cyprus CEO, Yiannis Kypris, current CEO, Theodoros Aristodemou, former board chairman, Andreas Artemi, former board vice chairman and Yiannis Pehlivanidis, the former deputy CEO who overlooked the bank’s operations in Greece.

 

Furthermore, the Bank of Cyprus, as a legal entity, will also be charged.

 

Following a year-long criminal investigation, the five men are facing charges of stock market manipulation, providing false and misleading statements, failing to provide information to investors, as well as other charges that have yet to be been announced.

 

The official offenses are related to the bankers’ actions during the second half of 2012 when the Bank of Cyprus lost part of its capital due to the devaluation of Greek bonds. The Securities and Exchange Commission has already fined the five bank officials for publishing false information and manipulating the stock market

Last modified on
Rate this blog entry:

Comments

  • Wayne
    Wayne Monday, 29 December 2014

    Just goes to show if you actually investigate the Banker you find corruption, Australia need's to investigate their Bankers thoroughly.

    Reply Cancel
  • Wayne
    Wayne Monday, 29 December 2014

    It's good that someone is getting cought

    Reply Cancel
  • Louie2U
    Louie2U Monday, 23 February 2015

    Hmm - charge the banking entity? Now, I would really, really like to see that happen in this 'lucky' country!
    Then, just as the CEO's are getting paid their gigantic, outrageous bonuses charge them too as well as those who have timed their departures to avoid being tarnished. Timeframe to back-charge these crooks should be in-line with the length of time this bank engineered strategy of 'wealth creation' (sorry, deception) has been in play.

Leave your comment

Guest Thursday, 05 December 2019