Two directors have each been banned for 15 years following a ?200,000*scam.
Robert Adolf Mathilde Stitzinger and Omar Babbar Amighetti were each disqualified as directors for 15 years on 16 August 2017 for their part in a bank transaction scam involving Miami International Bank Ltd, a UK incorporated company.
The directors persuaded a US investor to pay ?200,000 into a bank account held in Liechtenstein on the promise that the investment would yield a promised return of ?10million within 15 days of payment.
The investor paid ?200,000 into the Liechtenstein bank account in the name of Mr Stitzinger on 15 May 2014. The funds were never returned to the investor and no explanation was provided as to what happened.
A similar scam was operated in New Zealand also with the name ?Miami International Bank Limited?. This scam attracted the attention of the FBI in the United States who issued warnings about that company on its website. A previous company director of the UK company, was shown as ?president? of the New Zealand company.
A winding up order was made against Miami International Bank Ltd on 16 December 2015 upon the petition of the Secretary of State for Business, Energy and Industrial Strategy following an investigation by the Insolvency Service. Anthony Hannon, Official Receiver of Public Interest Unit (South) was appointed as liquidator.
Anthony Hannon, Official Receiver in the Public Interest Unit, said:
The Insolvency Service will look closely at any evidence of misconduct and take appropriate action where others have suffered as a result of directors actions, as has happened in this case.