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Choice Bank of Belize faces liquidity problems

GIM

New member
Hy,
Yes, i send notarized passaport.
[/QUOTE
I saw that you are from Romania, can you answer me in romanian please what exactly did you do? Cause I dont understand what they want. If its about "legalizare pasaport" I understood is not possibile here in ro?
 

Patrick Haarlem

New member
@camelush: from previous posts here, I understand that the origin of the problem is your bank's COUNTRY, more than your citizenship. Right? We are both UE citizens.

Have you tried to open a personal bank account in some other country? I guess there are quite a few experienced and qualified contributors on this forum, who would be able to give you some good advice.

Personally, I received the liquidator's wire transfer on my personal account with Standard Bank (Isle of Man, where I am not a resident), although the Choice Bank account was opened under a Belize company's name.
 

Nymphobic

New member
I have discussed this matter several times with the liquidation team and the problem is not the bank's country. It is the citizenship. I have bank accounts in 3 different countries beside my citizenship country and they will not send me money because the country of my citizenship is on their corespondent bank restricted list.
 

Patrick Haarlem

New member
Have you discussed with the liquidation team about the possibility to allow them to wire the available amount of your claim to someone else (who would be a national of an UNrestricted country)?
 

Nymphobic

New member
No, because the money must be sent on the same name as the name of the account were the money were. Else, why would they require passport, proof of address and legalization for all these documents ? In the case that you mentioned, how can they prove that they sent the money to me ? Or I could start a lawsuit pretending that they didn't send the money to me especially. It's way to complicated and I think nobody whats to do that.
Besides, I don't trust a middleman for that amount. We are talking 6 figures in my case.
 

camelush

New member
@camelush: from previous posts here, I understand that the origin of the problem is your bank's COUNTRY, more than your citizenship. Right? We are both UE citizens.

Have you tried to open a personal bank account in some other country? I guess there are quite a few experienced and qualified contributors on this forum, who would be able to give you some good advice.

Personally, I received the liquidator's wire transfer on my personal account with Standard Bank (Isle of Man, where I am not a resident), although the Choice Bank account was opened under a Belize company's name.
Well yes,we are EU citizens,but I dont thibk that matter,I still not found why Romania is on blacklist,they didnt gave me any explanation. And yes,I think Nimphobic has right about it. Anyway I will try contact them and asked if they can send money in other account,even if I have 0 hopes.
 

Patrick Haarlem

New member
I completely understand your point of view; you would indeed need to have total and absolute trust in that other person.

As for the rest, my personal experience with the liquidation team and the claims payment procedure is diametrically opposite: the Choice Bank account was opened under a Belize company's name and, since that company didn't have any other bank account anywhere, I requested that the wire transfer be sent to my personal SB-IOM account. The liquidator accepted and therefore sent the money to someone:
-who was not the direct Choice Bank account holder,
-and who also had a different name.
It was also a six-figure amount, by the way.

Admittedly, it might have helped that in my case, even though not a Director of that Belize company, I was the single shareholder and UBO.

Let me wish you good luck in your efforts to recover your money and let's hope the liquidator will accept to cooperate.
 

camelush

New member
I completely understand your point of view; you would indeed need to have total and absolute trust in that other person.

As for the rest, my personal experience with the liquidation team and the claims payment procedure is diametrically opposite: the Choice Bank account was opened under a Belize company's name and, since that company didn't have any other bank account anywhere, I requested that the wire transfer be sent to my personal SB-IOM account. The liquidator accepted and therefore sent the money to someone:
-who was not the direct Choice Bank account holder,
-and who also had a different name.
It was also a six-figure amount, by the way.

Admittedly, it might have helped that in my case, even though not a Director of that Belize company, I was the single shareholder and UBO.

Let me wish you good luck in your efforts to recover your money and let's hope the liquidator will accept to cooperate.
Hei again, I asked if I can notorazied someone from other country,my brother,who has account there. Anyway that was them answear:
 

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Bogdan9000

Active Member
that means they can send money to someone you choose ? i would do this too . i can send money to a friend in europe/ i m curious what they ask for
 

BitSamurai

New member

Maybe this is good news
 

Bogdan9000

Active Member
what if they will send you money ? what your local bank with say ? maybe this is not a good idea and just make it lost
 

Patrick Haarlem

New member
@camelush: From what I read in their answer to you, the Liquidator/Liquidation Team did NOT say "NO". They just say that they will not accept any liability. In my opinion, it means that:
-YES, you can ask them to wire your claim to someone else,
-but that, if that someone plays some trick on you or disappear with your money, then NO, the Liquidator cannot be held responsible for following your instructions and for paying that someone instead of you.

Which means that you must be able to TRUST that person 1000% (or more) and be sure of his/her integrity. You also have to be sure that person will be allowed by their bank/country of residence to wire your money to your own bank account.

I hope I am not misinterpreting the liquidator's message to you. Don't hesitate to check that out with more experienced/qualified contributors on this forum.

And... Good luck anyway!
 

camelush

New member
@camelush: From what I read in their answer to you, the Liquidator/Liquidation Team did NOT say "NO". They just say that they will not accept any liability. In my opinion, it means that:
-YES, you can ask them to wire your claim to someone else,
-but that, if that someone plays some trick on you or disappear with your money, then NO, the Liquidator cannot be held responsible for following your instructions and for paying that someone instead of you.

Which means that you must be able to TRUST that person 1000% (or more) and be sure of his/her integrity. You also have to be sure that person will be allowed by their bank/country of residence to wire your money to your own bank account.

I hope I am not misinterpreting the liquidator's message to you. Don't hesitate to check that out with more experienced/qualified contributors on this forum.

And... Good luck anyway!
Hei again,
I send another email and explain how I will take my responsibility for all and I can have 100% trust in that person,who live in UK.
And that is what they answear.
I really dont understand anymore.
In other mail they said my pappers for partially payout was approved and now this. What is the difference now?
Im sorry for asking so much. Thank you.
 

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Patrick Haarlem

New member
You are not asking THAT much @camelush. I am happy to answer.

What I understand from the liquidator's message is that:
-HERITAGE BANK Ltd is the Belize-based bank which is holding the liquidation account (I guess the liquidator opened a specific bank account to handle all financial operations related to the liquidation of Choice Bank),
-HERITAGE BANK did not approve your wire transfer when the liquidator ordered it in August, because Romania (and Romanians too it seems) are on THEIR list of "restricted countries";
-The UK correspondent bank of Heritage Bank (that is: the bank in charge of receiving the funds transferred by the liquidator and to re-transfer them to the designated final beneficiary) just decided to reject all transfers ordered by the Liquidator; no reasons are given for the UK corespondent bank's decision;
-HERITAGE BANK having just LOST their correspondent bank, NOBODY can expect to receive any money from the liquidator before he has managed to find another bank or payment processor;
-That should take about two weeks, they say...

As a result, we, the Choice Bank depositors/creditors waiting to receive payment of our claims, or the balance due... if any... are all in sh*t... until further notice.

Let's hope the liquidator will really manage to find the adequate payment provider as quickly as they believe...
 
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