Ramon Juncosa

A public hearing is scheduled to be held before the Colorado Banking Board on January 17, 2008 at which a challenge will be heard to the "emergency order of involuntary liquidation and order for possession" that were entered by the Board on November 19, 2007 against the state's sole remaining offshore bank, American Intercapital Holding LLC., d.b.a. American Intercapital Depository & Trust, f.k.a. American International Depository & Trust; Grenada Prime Minister Keith Mitchell, along with his wife, Marietta Mitchell, was dismissed as a defendant in a civil action at the U. S. District Court for the Eastern District of New York on December 5, 2007 after all parties agreed that he is entitled to "head-of-state immunity"; Visitors to the "Warnings" page of a web-site operated by the Nevis Financial Services Regulation & Supervision Department will no longer see a warning that the regulatory agency issued on October 19, 2007 against Global Consultants and Services (Nevis) Limited; and The legal validity of Condor Insurance Limited's Amory-assisted continuance from St. Kitts to Nevis was challenged by Condor's principal, Harvey Milam, in a filing at the U. S. Bankruptcy Court for the Southern District of Mississippi on December 21, 2007.

Colorado's banking regulators have closed down the state's last remaining 'offshore bank', claiming the institution is "hopelessly insolvent" and its managers untrustworthy. American Intercapital Holding, LLC, doing business as American Intercapital Depository & Trust and formerly known as American International Depository & Trust, was placed in "immediate involuntary liquidation" by an order of the Colorado Division of Banking's State Banking Board on November 19, 2007 immediately following an emergency meeting. State Banking Commissioner Richard Fulkerson has been appointed liquidator and Philip Feigin, a former Colorado State Securities Commissioner now working for the law firm of Rothgerber Johnson & Lyons LLP, as Deputy Receiver.

A Colorado-based financial institution that promotes itself as the first ‘offshore bank' in the United States is living up to its billing - by becoming involved in controversy. American International Holding LLC, d.b.a. American International Depository & Trust, has only been in business since 2003 but has already been sued twice at U. S. federal courts.