Cases / Investment funds & advisory
Millennium Bank, United Trust of Switzerland, Sterling Bank and Trust
William J. Wise
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Millennium Bank, United Trust of Switzerland, Sterling Bank and Trust
- Industry
- Bogus certificates of deposit
- How investors were recruited
- Sold to more than 1,200 investors
- Pitch & red flags
- CDs with "guaranteed rates of return"; returns claimed to come from "profitable overseas investments"
Pitch phrases from this case
Source
U.S. Department of Justice official
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