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CAPITAL MERCHANT BANK
Headquarters: Sao Paulo - SP - Brazil
http://www.capitalmbk.com.br/english.htm
Background History Formation and Development
CAPITAL MERCHANT BANK a company acting as financial fiduciary and trust agent, started its activities in the year of 1984, founded by its main partner and CEO Mr. HUMBERTO MEDEIROS DE MORAES. The company was named then just Merchant Bank. More recently the word “Capita”’ was added to the name. The company’s main activities were then focused on Financial Engineering Products with the goal of supporting customers in search for creative financial products as a way of generating better return on assets while sheltering them against the high inflation existing at that time in Brazil.
CMB’s client portfolio was then composed basically of exporters and importers or even companies with some exposure in other currencies. Times have changed. The financial crises of those days are now distant pictures but today’s clients are still concerned about profits and assets protection against the economy’s odd variations.
In the prevailing financial scenario, however, one of the keywords is “Tax Planning” and hedging against adverse exchange variation or eventual taxation as the governments mostly do when they are short of cash.
Our Performance within the prevailing scenario
In the prevailing economic scenario and within a stable currency economic environment our products are directed mostly to tax planning and assets protection envisaging a better cash-flow generation.
Globalisation is also a keyword for our customers.
In order to provide a positive answer to market requirements, CMB has developed products in the areas of HEDGING, TAX PLANNING and WEALTH MANAGEMENT. In order to better develop these products we count on a team of “experts” in these areas, having a “hands on” experience in operating with sophisticated assets management products.
CEO HUMBERTO M. DE MORAES has been working in the financial markets for more than 25 years, as an international banker with a vast global experience in the Foreign Exchange and “Capital Markets”. While in that position created and developed many financial products.
Our good standing relationship with the local and international financial community has proven to be very important as a way of implementing and placing strategic Brazilian financial instruments overseas.
As a result of the Wealth Management activity, the Custodial Department experienced a consistent growth during the last two years (2001 and 2002) during which we recorded more than 200% growth. Today we have in custody and under management more than US$70 Billion in various assets and Brazilian public treasury bonds. As a way of supporting the Custodial Department, the “Fiduciary” Department has been following the same trend.
ASSETS: $55 billion
HEADQUARTERS: SÃo Paulo - SP - Brazil Dr. Miguel Couto, nº53, 1ºandar
RANKING: Second largest fiduciary company in Brazil based on assets
PRODUCTS & SERVICES:
Custodial Service
Wealth management
Trust service
Import / Export consulting
Offshore activities
Tax planning
Management solution
Other finduciary services
Main Figures: December 30, 2003
Directors
Humberto Medeiros de Moraes
CEO
President
Maria do Socorro Izabel de Queiroz
Shareholder Director
Cecilia Rita Regis Moritz
Custodial Departament
Consulting Board
Humberto Medeiros de Moraes
President & CEO
Cecilia Rita Regis Moritz
Fiduciary Services
Ivan Endreffy
Eastern Europe Representative
Mr. JoÃo do Esprito Santo
Compliance
Research has shown that Capital Merchant Bank is not really a bank at all. This is information from the website of Kaye Tesler Solicitors
01/04/04 BEWARE A NEW BANK SCAM
Capital Merchant Bank is a Brazilian corporation. It sounds and looks like a proper established and respectable bank. It is an established company and not something that has recently been incorporated. The services that it provides appear to include custodianship and wealth management services.
The problem is that it is not a bank!
Be careful - don’t just be attracted by offers - don’t be mislead by appearances.
JD Hurry’s Notes
According to their website, as of 31/03/05 CMB rank the second largest fiduciary company in Brazil based on managed assets of some US $55 billion. Apart from the section 'Assets Bank' being 'reformulated', there is a general lack of info on this site.
Note the 'Important Legal Notice - Please read the disclaimer before proceeding' clause on the site.
CMB is not on the list of banks at www.bcb.gov.br.
For a recent (Jan 05) example of CMB's dealings see Form 8-K for ELDORADO ARTESIAN SPRINGS INC
LAMBERT FINANCIAL INVESTMENTS LIMITED
President: Dr.Rivka Meir
Main Trustee: Abraham Avi’ Arad
According to Pearson, Lambert is a nominee for around 2,000 Jewish pensioners who are mostly settled in South America. "It is a fund manager for a lot of ex-Israelis who've come to South America. It is based in Barcelona," he says. Rybak adds that he carried out substantial due diligence into Lambert and was perfectly satisfied with what he found
* It sounds almost as if LFI's motives are genuinely altruistic! During her speech, Rivka Meir pointed out that LFI had collaborated with the Spanish government in the shipment of waste-water treatment plant and field hospitals to catastrophe zones following natural disasters in Mexico, Guatemala and Honduras. To date, I have not found any evidence of LFI's involvement/presence in these countries.
LFI is a Delaware-incorporated company. Delaware is America's favourite tax haven. Incorporation is a cheap and simple process, and you can run your Delaware-incorporated company from your home office anywhere in the world. Nothing wrong with that - incorporation should be a simple process - but a system like Delaware's makes life easier for both reputable businessmen and swindlers alike. Is there any wonder that no-one can find anything regarding Lambert!
Rivka Bertisch Meir, Ph.D., M.P.H., graduated from the University of Hawaii and Saybrook Graduate School. Professor at Hunter College, Dept. of Psychology, New York. She is a powerful, inspirational mentor in human development, with an outstanding reputation on three continents. She is a cutting edge trainer and personal coach, as well as a committed and dedicated psychotherapist/coach.
She is the former President and founder of the R. Bertisch Foundation, and the co-founder of IRM Success, LLC. She has served as Corporate Consultant to such major corporations as McDonald's, Queens Medical Center and Cynergy Data, Hickam Air Force Base among others. Rivka has a great deal of varied experience in counseling as well as administration, including the position of Program Planner and Director of Maternal and Child Health Division at the Department of Public Health, Jerusalem, Israel; and Visiting Instructor at Hebrew University's School of Social Work. Visiting Scholar at the Rhine Parapsychology Research Center in Durham, North Carolina. Conducted Business Training Workshops for many Chambers of Commerce including the New York State Federation of Hispanic Chambers of Commerce and many private and governmental organizations.
Dr. Abraham (Avi) Arad (Hochmann)
Dr. Abraham Arad earned his undergraduate degrees in Mathematics and Physics at the age of 14 and at the age of 19 received his Ph.D. in both Logic and Mathematics from the High Institute of Science and Technology in Israel, and in International Economics by the Pacific Western University in California. Dr. Arad served for more than 18 years with the Israeli Government and was appointed to the Israeli Prime Ministers Office, as Scientific Advisor for National Authorities. His particular expertise is 20 years leadership in Global Drinking Water Programs including safely, public policy, water-treatment, bio-terrorism, and a leader in world wide disaster emergency response teams. Dr. Arad is currently Director of the Industrial Mathematics Institutes in both Barcelona Spain and Jerusalem Israel.
He has an extensive international business experience, particularly in the Middle East, Latin America, Europe and China. He is an acknowledged Geopolitical and Bio-terrorism Analyst with vast experience in global strategic alliances.
Member of the following Institutions and Associations:
British Society for History of Mathematics. UK.
American Mathematical Society (AMS). USA.
Society for Industrial and Applied Mathematics (SIAM). USA.
Institute of Mathematics and its applications. UK.
Kurt-Godel-Society. AUSTRIA
The European Association for Logic Language and information.
BLC. British Logic Colloquium. UK.
Associacio Catalana d'Inteligencia Artificial. SPAIN
Center for Special and Strategic Studies. ISRAEL
The Committee for Research and Exploration of "The National Geographic Society"
From Wall Street Online.de 28/07/05 - about Abraham Avi Arad
The other day by happenstance I came upon the history of Crown Corporation, published by < cirun> on 06.06.05. I know nothing about the Crown Corporation, but I do know something about one of the protagonists mentioned, whose name is Dr. Abraham Arad Hochmann. The author makes several assertions about Dr. Arad’s family background and education achievements. Dr. Arad’s family background and educational achievements are a matter of public record and can be verified by anybody. These assertions are not only false, but are in addition completely irrelevant to Dr. Arad’s relationships to Crown Corporation. Dr. Arad is a man of unquestioned probity who has never knowingly engaged in any illegal or immoral activities or any misrepresentations in his life.
The making of assertions without proof is not only unprofessional and does not only betray a lack of character, but as well would seem to call into question the general veracity of the article itself.
BLOOMBERG ON LAMBERT FINANCIAL INVESTMENT
``There is reactivation of the economy and nobody can deny that,'' said Alberto Camjalli, Buenos Aires-based president of the Latin American division of Lambert Financial Investments Ltd. The work of Mr. Lavagna this year contradicts all the forecasts. He is an excellent navigator for the economy,'''
Lambert and Crown Corporation Ltd., a Bermuda-based investment fund, said last month they would invest a total of $1 billion in Argentina to build homes, buy waste management companies and set up factories to make security equipment such as bullet proof vests.
Bloomberg Dec 10 2003
This is from Diariohoy.net, dated 29 October 2003
Financial group announced a credit by 600 million dollars
Near 600 million dollars other projects of public interest by a financial group of Belgian origin will be destined to the construction of houses, recycled of remainders and.
The Lambert Group today announced the signature of an amount of agreements nonneeded with private companies that they operate in the country for the construction of houses and works of water treatment, liquid and solid, toxic and dangerous remainders, that include the hospitable ones.
"we are hoping that the projects come", affirmed Rivka Meir, the president of Lambert Financial Investments, when talking about to the other 400 million dollars that are available for those who present the projects described.
"Lambert wants to support the producer, to the exporter, the small industralist", this was later affirmed by Michael Meir, vice-president of the financial group and husband of Rivka Meir.
According to this pair of Argentineans been for more than 30 years in the American city of New Jersey, "the philosophy of the investors has been to help to whom they need", although warned in repeated opportunities: "We come to win".
The marriage late made the announcements this during a press conference in the Alvear Hotel of this capital, next to Alberto Camjalli, designated president of the group for Latin America.
The investors refused to need the name the companies to those who already he adjudged the 600 million to them dollars, as well as the interest rate that will have to pay and declared in words of Rivka that the loan comes from between "the 25 banks top of the world-wide ranking".
One of the beneficiaries with the loans of the group and that was presented during the encounter with the journalists was Alemarsa constructor, a company of familiar origin with 30 years in the activity and that surely will receive bottoms to continue with a plan of 1,700 houses in the Buenosairean party on 3 February.
Lambert participates in the development of technologies for the residual water treatment and altogether with the Spanish Government he collaborates with the shipment of plants water waters-treatment plant and field hospitals to zones of catastrophe in Mexico, Guatemala and Honduras after the phenomenon of the Boy.
The company was created in 1897 in Belgium by the families Lambert and Rozenblum to operate in the market of values of Amberes.
Lambert Financial Investment Ltd
18 Beatrice Road
London
N4 4PD
IncorpDate 05/07/04 Company No: 05170626
Directors: Oded Aviel, 1 Atarot Street, Tel Aviv, 69276 (also Co.Sec.)
Joseph Gamliel, Sitvanit Apartments 3, Ahuzet Barak, 19323
BANCO DE BRASIL
Headquarters: Sao Paulo - Brazil.
http://www.bcb.gov.br/?ENGLISH
The Banco Central do Brasil (BCB), created by Law no. 4,595 of December 31st, 1964, is an autonomous federal institution and part of the National Financial System (SFN).
Before the creation of the Central Bank, the Brazilian monetary authorities were the Currency and Credit Superintendence (SUMOC), the Bank of Brazil (BB) and the National Treasury.
The SUMOC, created in 1945 with the objective of exercising the monetary control and preparing the basis for a central bank, had the responsibility of setting forth the: reserve requirements ratio for commercial banks, discount rates (linked to development funds) and financial assistance for liquidity (meaning the discount as a classic instrument of monetary policy), as well as the interest rate on bank demand deposits. At the same time, it supervised the operation of commercial banks; managed the exchange policy and represented the Country at international organizations.
Banco do Brasil carried out the functions of the government bank: controlling foreign trade operations; executing foreign exchange operations on behalf of public sector enterprises and the National Treasury; executed the rules set forth by the SUMOC and the Bank for Agricultural, Industrial and Commercial Credit, as well as receiving reserve requirements and voluntary deposits of commercial banks.
The National Treasury was the currency issuing authority, but the issuing process was a complex one involving several governmental entities.
Although some improvement has been reached, the institutional process was not complete. The Central Bank became the currency issuing bank, but acted according to the needs of the Bank of Brazil. It was also the bank of banks, but was not the sole holder of the financial institutions' deposits because the institutions placed their voluntary reserves in the Bank of Brazil. Besides, the Central Bank was the government's financial agent, in charge of managing the federal public debt, but was not the cashier to the National Treasury, since this was a function of the Banco do Brasil.
In 1985, the decision was made towards a financial reorganization of the government, with a breaking down of the accounts and functions of the Central Bank, the Bank of Brazil and the National Treasury. In the 1986 fiscal budget, not only all the revenues and expenditures of the National Treasury were included, but also all the accounts of fiscal nature that were under the Monetary Budget. In 1986, the "movement provisional account" was extinguished and, from then on, the disbursement of funds from the Central Bank to the Bank of Brazil were clearly identified in the budgets of each institution, eliminating the automatic transfers that hampered the management by the Central Bank.
In a process that continued through 1988, the functions of monetary authority were progressively transferred from the Bank of Brazil to the Central Bank, while the atypical activities carried out by the latter, such as those related to economic incentives and the administration of the federal public debt, were transferred to the National Treasury.
The 1988 Constitution sets down Central Bank's matters, such as the exclusive attribution of the Union to issue money, the need to submit persons appointed by the President of the Republic to be president and director of the Central Bank to prior approval by the Senate, and the prohibition to direct or indirect granting of loans to the National Treasury. The 1988 Constitution also establishes the drawing up of a Complementary Law of the National Financial System, to substitute Law no. 4,595, dealing with varied and important aspects of the structure and activities of the Banco Central do Brasil.
Banco do Brasil was founded in 1808 and is Latin America's largest financial institution with nearly 3000 branches in Brazil and beyond. As of 14/04/05 it held international reserves valued at US $61,297 million.
It owns the registered mark "BANCO DO BRASIL" and sometimes uses the alternative name "BANCO DE BRASIL" on its website and in press releases
CROWN CORPORATION
"ruben.linder@ticino.com
and ticino is the training company run by Rivka Meir of Lambert fame"
Registrant:
Lexington Corporation
Magdalena Rybak
3 Avenue de Grande Bretagne
Monte Carlo, MC98000
MC
Email: mrybak@monaco377.com
Domain Name: crowncorporation.com
Created on..............: Sat, May 03, 2003
Expires on..............: Sat, May 03, 2008
Record last updated on..: Fri, Sep 09, 2005
Administrative Contact:
Crown Corporation
Ruben Linder
Via Nocc
Gentilino, TI 6925
CH
Phone: 41-004-1765592887
Email: 102329@ticino.com
Technical Contact:
Crown Corporation
Ruben Linder
Via Nocc
Gentilino, TI 6925
CH
Phone: +41 76 559 2887
Email: ruben.linder@ticino.com
Well what-do-you-know. When I wrote my CCO header the registrant/administrative contact/technical contact for www.crowncorporation.com was a Dr. Ruben Linder (e-mail: ruben.linder @ ticino.com) who recently contributed to the online forum for the jbase community at Google. Just did a whois search for www.crowncorporation.com again and noticed that the details were updated on 9 September (just three days after that RNS!). The new registrant details are as follows:
Lexington Corporation
Magdalena Rybak
3 Avenue de Grande Bretagne
Monte Carlo, MC 98000
MC
E-mail: mrybak@monaco377.com
Linder is still listed as administrative/technical contact.
Never heard of Magdalena Rybak before. Presume she is Mariusz and Izabela Rybak's daughter?
Due Diligence
Definition:
The process of investigation, into the details of a potential investment, such as an examination of operations and management and the verification of material facts.
It really is a lot simpler than some are suggesting. For example, one of Arden Partners jobs,in relation to Langbar, was to carry out due diligence as per the definition of the word. Was that done? Absolutely not! 'Examination of operations and management and the verification of material facts'.
This does not mean,as some would have you believe,that all Arden Partners have to do is accept in good faith or on face value an indemnified statement from a director without having to do the due diligence themselves so as to verify what's being stated from the director. What a ludicrous argument.
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