Castle Bank & Trust (Bahamas)

The Castle Bank & Trust was a bank in the Bahamas, which became widely known for their dubious businesses and business contacts.

History

The bank was founded in the 1960s by Paul Helliwell and Burton Kanter. It was soon, etc. associated with tax evasion, money laundering, drug stores.

Apparently also used the U.S. Central Intelligence Agency, the Bank for the financing of operations, eg for Operatione against Cuba and Fidel Castro; the Andros Iceland the Bahamas were regarded as a base for anti-Castro activities.

The bank had numerous customers by wealthy businessmen; Celebrities to Mobstern and gangsters.

In the early 1970s, the U.S. IRS statetet an investigation under the name "Operation Tradewinds " against the bank. The IRS succeeded a list of bank customers to photograph, as a manager of the bank in Miami dined with an agent of the IRS. This success motivated the IRS for further investigation under the code name " Project Haven " against persons who could be identified on the list.

These studies, however, were set on the basis of the influence of the CIA later. 1977 broke the bank together. In this way, inter alia, lost John Fogerty and other members of the musical group Creedence Clearwater Revival substantial portions of their assets. Even celebrities such as Tony Curtis and Hugh Hefner were affected; Mobster Moe Dalitz like, Morris Kleinman and Samuel A. Tucker had to do without their deposits. The CIA transferred their activities to the Nugan Hand Bank.