SA-128-2007
May 11, 2007 TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Unauthorized Banking Activities
Summary: The FDIC has been notified that Ready State Bank of Panama is conducting unauthorized banking activities, primarily in Caracas, Venezuela.
The Superintendencia de Bancos de Panamá has provided notification that Ready State Bank of Panama is promoting several banking services and products, primarily in Caracas, Venezuela. Ready State Bank of Panama is not authorized to engage in the business of banking within or from the Republic of Panama.
The following is purportedly the contact information for the unauthorized institution:
Alejandro Terén M. — International Director
3327 South Bayshores Drive
Panama, Florida 33456 Telephone (305) 297-5421 (Florida) or Country Code 58 (212) 834-0126 (Venezuela)
E-mail: readystatebank@yahoo.com or overseasfinancial@yahoo.com
The FDIC does not have direct knowledge of this unauthorized bank and cannot provide additional details.
Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at starsmai.
For your reference, FDIC Special Alerts may be accessed from the FDIC's website at SpecialAlert. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.
Sandra L. Thompson
Director
Division of Supervision and Consumer Protection
