Published On: Thu, Jan 24th, 2013

FCIB mentioned in channeling case

WILLEMSTAD — The Scottish real estate tycoon Scot Young supposedly channeled money via First Curaçao International Bank (FCIB), which bank was previously owned by businessman and oil merchant John Deuss. This is written in documents from the court on the so-called ‘divorce of 400 million pounds’, according to the Dutch magazine Quote.

Scot Young and his ex-wife Michelle are embroiled in divorce proceedings. Young states he’s broke and bankrupt but his ex-wife claims the 47-year old real estate tycoon owns 400 million pounds (over 1.1 billion guilders). To prove this she went to the judge with several bank statements. Some of these reveal that Young transferred 2.4 million pounds to FCIB after he sold a building in London for 24 million pounds. Young denies he is the beneficiary of that bank account. FCIB is meanwhile under the administration of the Central Bank of Curaçao and St. Maarten (CBCS). Jan Deus, his sister Tineke and their FCIB in the Netherlands were convicted of illegal banking in May 2012.

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