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  • 2005 OFR Visits Stanford Office Report

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    David Arthur Walters
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    7, Documentation will show Miami Herald defrauded the public in its Stanford Fraud series

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    7, Documentation will show Miami Herald defrauded the public in its Stanford Fraud series

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    123 просмотров33 страницы

    2005 OFR Visits Stanford Office Report

    Загружено:

    David Arthur Walters
    7, Documentation will show Miami Herald defrauded the public in its Stanford Fraud series

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 33
    cave, MEMO Re pons w ae RH To: Davi Bugs -Piascl Cone Aaya wees HE Pea aad — rom: Ralph S. Nastari- F/S SS Date: November 30, 2005 Subject: Visitation of Stanford Fiduciary Investor Services, Inc, Miami, Florida ‘The visitation of Stanford Fiduciary Investor Services, Inc., (Company) began on Monday, November 8, 2005 and concluded on Tuesday, November 29, 2005. The Company's quarters have relocated to the 21" floor of the Miami Center Building. The purpose of the visit was to ensure that the Company is continuing to operate within the guidelines of a Memorandum of Agreement (Agreement) between Stanford Trust Company Limited (STC), Antigua, West Indies, and FLDFS, OFR. Mr, Ramirez stated that strict adherence is being maintained with the terms of the Agreement, and reiterated ‘that no account or investment administration or ats of discretion ae performed by the Company. All such activity continues to be handled at Antigua. As previously reported, all client fles and documents are Iocated at STC and maintained by STC personne, not at the Company or by Company personnel, Mr. Ramirez confirmed thatthe responsibility and capecity in which the Company serves continued to be in ‘the realm of marketing and sales only. Neither Mr. Ramirez nor any Company marketing officers are designated account or investment administrators. However, as Mr. Ramirez noted, and was reported in the previous visitation memorandum, marketing officers do maintain contact, and continue communication with, ‘lents for which relationships have been established by Company marketing personnel ‘The Company has now established approximately $600,000,000 in 2,100 trust relationships being managed at STC, with STC holding approximately $900,000,000, representing about 2,640 trust accounts. Mr. ‘Ramirez reported that globally, total assets under management, or in accounts for which advisory service is performed, is now in excess of $20,000,000,000. He again stated thatthe Company would continve to only zmarkot the services of STC, andlor advise clients and potential clients of other services available through Stanford, Other sttachments: Executive Director confirmation letter. ‘Stanford Fiduciary Investor Services income statement Example of the company’s transmitial log. List of Employees Copy of the Company's policies and procedures which disclose products and services. Copy of the Company's policies and procedures regarding Compliance/Anti-Money Laundering. Copy of the Company's policies and procedures revarding officer/employee titles, position summary and essential duties and responsibiltes, % ‘STANFORD FIDUCIARY INVESTOR SERVICES, INC. November 29, 2005 Mr. Ralph S. Nesta Financial Specialist Financial Institutions State of Florida Office of Financial Regulations 1313 Tampa Street, Suite 615 ‘Tamps, Florida 33602 Dear Me. Nast ‘This leter confirms, our office, Stanford Fiduciary Investor Services, nc. is ad.ba. of ‘Stanford Trost Company, Ltd, based in St. John’s, Antigua, W. I. Stanford Fiduciary Investor Services, In. is licensed representative office, which markets the products and services of Stanford Trust Company, Lid. to non-U, S. citizens and residents. Stanford Fiduciary Investor Services, Inc, a8 of October 31, 2005, has referred approximately $600,000,000. in 2,100 trust relationships to Stanford Trust Company, Ltd, which holds total assets of approximately $900,000,000. representing about 2,640 trust accounts 1f you may need further information, please fee fe to contact me. ‘Yours truly, Executive Director ce: Anthony D’Aniello President, STCL, 2015. Per Bon Dar» MP2 UPA Arama fe Send Pe Cay STANFORD TRUST COMPANY LIMITED Year to Date as at October 31, 2005 INCOME STATEMENT Expressed in Uniod States Doars SIS Miami OPERATING INCOME Revenues Less Diet Costs 25 388) NET OPERATING INCOME 13,762,415 OTHER INCOME 65,675 ‘TOTAL NET OPERATING INCOME ‘AND OTHER INCOME $13,818,090 EXPENSES Salaries and wages 6.966,830 ‘Advertsing 15,085 Profesional eee 4401 Recrling osts 48236 Rent 560 285, Repairs 8.535 Office supplies 136,060 Dues and eubscriptone 5407 Contibutone and donations 22381 tities 130.854 Postage 108317 LLcenees and foes san Finanoe foes 3275 ‘Travel ond entertainment 310,327 Insurance 7181 raring and eaucation ‘TOTAL OPERATING EXPENSES. NET INCOME $5,276,308 Too (4004 ow KA/EL) TeyIT MMs s002/s2/17 et lS oe 2 a 77] mana) ez cnpea ol eet Ee List of Employees Ge Jol Ci ¢ torpie gee SFISI-Miami Management ielson N. Ramirez ~foaquin (Jack) Gonzalez Nora Liana Oftcers Elias Babar ober Ulloa “Maria Villanaevs “Leonor Ramirez Patricia Herr ‘ela Pinto Rosalia Fontanals Femando Pezo Silva Vivien Guareh Faust Cella Maria Teresa Manerba Vlsida Prieto Orlando Atay

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