Choice Bank of Belize faces liquidity problems

[Jovan]

Hi,

Any Belize incorporated Company have their funds stucked with Choice Bank? What is the next course of action to transfer the funds to another Bank in Belize? Thanks

 

[Axe]

We haven t got the money yet)) lets see if we get any money back.

 

[Samuel Newman]

it was difficult to get money out of there evern when the bank has no any problems
i am afraid, that now it would be near to impossible to get even a shekel from Choice

 

[MrTony]

From 4 July 2018, the Central Bank of Belize has appointed Mr. Cedric Flowers to replace Mr. Henry J. Hazel as the liquidator for Choice Bank Limited

 

[KrsPeeva]

I called them today. Talked to one of the Mr.Flowers representative team . Left my contact info and they promised to contact me back with details on what to do next .

My funds are stuck in my virtual balance with firtchoicepay ...I have 16k in there. FCP are out of business already shut down as we all know that and their website will be shutting down too in Oct this year.

Anyone share here if you already have taken legal action or if you have any info from Mr.Flowers and team.

Let's see how honest this country is and what's left on the bank to give back to the ppl.

So far such disappoint

 

[Bogdan9000]

Hello to everybody .
I m in same situation here. Over 10 k there. My hopes are little...
What number you called KrsPeeva ?
They also have an email ?

 

[Elian]

I called them today. Talked to one of the Mr.Flowers representative team . Left my contact info and they promised to contact me back with details on what to do next .

My funds are stuck in my virtual balance with firtchoicepay ...I have 16k in there. FCP are out of business already shut down as we all know that and their website will be shutting down too in Oct this year.

Anyone share here if you already have taken legal action or if you have any info from Mr.Flowers and team.

Let's see how honest this country is and what's left on the bank to give back to the ppl.

So far such disappoint

what number did you call? i want to talk to them also

 

[KrsPeeva]

used the contact info from choice bank website and they re-direcred me to +501 223 6194‬

and i can't still believe no one has any news to share in this forum wtf

 

[Elian]

used the contact info from choice bank website and they re-direcred me to +501 223 6194‬

and i can't still believe no one has any news to share in this forum wtf

thanks, i will call them too. Please let us know if you hear anything from them, since everybody else here is quiet.

 

[Claudia]

thanks, i will call them too. Please let us know if you hear anything from them, since everybody else here is quiet.

I contacted them almost everyday, the only answer I received was:

Frozen Funds withdraw

Central Bank of Belize <[email protected]>
Dom 8/7/2018, 20:57
Kareem Michael;
Diane Gongora

Hi
I acknowledge receipt of your email.


We are currently working through the issues and will advise you as soon as possible.


Regards,


Cedric Flowers

Liquidator

Choice Bank Limited

 

[Claudia]

My english is awful for contact them by phone so every call you do would be great if you give us an update,

Thank you for share it

 

[Elian]

I contacted them almost everyday, the only answer I received was:

Frozen Funds withdraw

Central Bank of Belize <[email protected]>
Dom 8/7/2018, 20:57
Kareem Michael;
Diane Gongora

Hi
I acknowledge receipt of your email.


We are currently working through the issues and will advise you as soon as possible.


Regards,


Cedric Flowers

Liquidator

Choice Bank Limited

Thank you for this Claudia, at least they answered you. I will try to email them on the adress you posted and see if i get the same reply, or any reply. I have tried to find some information on Cedric Flowers, i wasn't able to find much but he does exist and he is a certified public accountant in Belize unlike the first guy that was appointed as liquidator and got replaced after a week. I do think that things will change, the problem is...the liquidation of a company can last between 3 months and two years.

 

[Bogdan9000]

Claudia from where you found out about this email ? ([email protected])
gmail ? are you sure you contacted the bank and not someone else? maybe a scam ...

 

[MrTony]

On other forums, guys wrote the same email of Cedric Flowers.

 

[Claudia]

Ad Kees gave me that email and the governor email:

[email protected];
[email protected]

 

[Claudia]

On july 2nd I called Ad Kees to the mobile that appears on his emails, he answered and we talked about the situation, there he told me about the central bank with the police on friday and that he was fired, he said that now we can try to call and maybe we can have lucky and give us an answer, and he sent me these emails for contact them.

He said he doesn't knw anything because he can't access to his emails, he is out, but he will not reject our calls, and will help in everything he can. He gave me a little hope that we will have an answer and funds very soon because they have everything for do it

 

[Spinat]

Wow I never believed this to be a problem with a real bank. Last time I have seend such trouble was in 2009 under the financial crisis!

 

[Axe]

Wow I never believed this to be a problem with a real bank. Last time I have seend such trouble was in 2009 under the financial crisis!

How it got solved? So we know what to expect after a liquidation.

 

[Claudia]

How it got solved? So we know what to expect after a liquidation.

Yes that would be great to know and where was located the bank?

 

[Axe]

I meant how much $$ can we expect back and how long it takes?