Kenneth Taves

Euro Bank liquidators pay first dividend

June 30, 2002

The liquidators of Euro Bank Corporation have paid a first dividend totaling US$70 million to creditors, representing 80 cents on the dollar to recognized claimants.Liquidators Michael Pilling and Ian Wight, of Deloitte & Touche, told creditors in a letter dated May 13, 2002 to expect a final return of at least 100 per cent of their respective claims.

Liquidated banks sue Cayman Gov’t over US$2.5 million ‘mistake’

September 30, 2001

Two Cayman banks that were closed down by regulators due to money laundering concerns have filed lawsuits against the government seeking the return of a mysterious US$2.5 million payment in 1997. The litigation relates to the unusual circumstances in which Euro Bank Corporation, then a Class 'B' bank, obtained a rarely-awarded Class 'A' banking license on October 8, 1997.

Nine charged with money laundering at Euro Bank

February 29, 2000

Cayman Islands police have brought charges against nine people as part of an investigation into the alleged laundering of $25 million through Euro Bank Corp. (in liquidation). Four of the accused are residents of the Cayman Islands - including three former officers of the bank, while the other five live in California.

‘Nothing unusual’ about turn-over of Cayman bank records to US Receiver, say Cayman attorneys

August 31, 1999

Although much has been made overseas of a decision by the Grand Court of the Cayman Islands to approve a request to hand over the bank records of Euro Bank Corporation client Kenneth Taves to his US-based Receiver, there is nothing unusual about such a move. The foreign press has been lauding the deal as a break with tradition by Cayman after comments to that effect by Robb Evans, the Receiver for Kenneth Taves, his wife, Teresa; and their businesses J. K. Publications Inc., MJD Service Corp., TAL Services Inc. and their affiliates and subsidiaries.

Insider Talking: July 31, 1999

July 31, 1999

Global Village Market and the World Investors' Stock Exchange, Global Prosperity Group charges attendees $17,000 each for its get-rich-quick conferences, John Mathewson and the FBI, Cayman bank officer lived in home owned by client, says source; Harris Organization tries to subscribe to Offshore Alert, journalists seek information on Michael Ashcroft, Harris Organization officer Alan McAloon professes ignorance over Florida property ownership.

Euro Bank to go into voluntary liquidation

May 31, 1999

Cayman-registered Euro Bank Corporation is to go into voluntary liquidation following a report into its affairs by Ian Wight and Michael Pilling, of Deloitte & Touche, OffshoreAlert can reveal. The accountants were appointed as controllers of the bank by the Cayman government on May 11 following concerns that it may be involved in illegal activities.

Euro Bank Corporation: Euro Bank Corporation v. Kenneth Taves et al.

April 26, 1999

Euro Bank Corporation: Euro Bank Corporation vs. Kenneth Taves et al. - Grand Court of the Cayman Islands

Kenneth Taves v. Euro Bank Corporation

April 23, 1999

Kenneth Taves vs. Euro Bank Corporation - Grand Court of the Cayman Islands