Published On: Tue, Jul 30th, 2013

Major Settlement First Curacao International Bank / John Deuss

John DeussWILLEMSTAD - Justice reached a mega settlement with John Deuss and his First Curaçao International Bank for 34.5 million euros. John Deuss, born in 1942, a fabulously wealthy entrepreneur pays 35 million to the Dutch State. The First Curaçao International Bank (FCIB), John Deuss and his sister Tineke Deuss avoid criminal prosecution through the settlement. This was announced by the Public Prosecution (OM) today. FCIB banked without a permit in the Netherlands, according to the OM.

This puts an end to a case that was ongoing for seven years. In 2006 Deuss' bank FCIB in Willemstad, Curacao, was shut down. Fraudsters widely used the bank which was operated from Willemstad on paper but in practice was ran from the Netherlands. Last May, the court in Arnhem found Deuss and his bank guilty of illegally operating a branch in the Netherlands.

FCIB also did not report a number of dubious transactions. The OM and Deuss reached  a settlement for this criminal case for an amount of 34.5 million euros. The settlement of the judgment at first instance court Arnhem is final. The investigation against FCIB, John and Tineke Deuss has lasted more than seven years.

Besides this case there was also a criminal investigation against FCIB and Deuss for money laundering. The settlement amount in this case amounts to half a million euros. With a total of € 35 million it is about one of the highest settlements ever in the Netherlands, which is only surpassed by real estate agent Harry Hilders who reached a settlement of € 40 million to avoid prosecution in the real estate fraud.  In 2012 Quote 500-estimated Deuss’ assets at € 470 million, good for the 44th place in the Dutch rich list.

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