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a 3 a 4 edt Synge’ 7h ~ CALE IF saat taet Ere The sue of the suspected fraud has Piompud renewed concern sbout banks WIL easels or Bupervision that are ap- peanny, regularly on certain Cariobean bs-! Eanls One fecers! hanking official says. “It | fsz:'t any secret we're having problems with Bards t. areas such as he Cayman Lslands a3 the Neverland Antilles. It requires 8)- hes. iocung t establish a bank in rd areas and there izxa’t any incentve for the govermments lo pulice these banks" Because Uy con't operte lecsiy. | he Virment apparenuy is in a class by it- seb Marshall Larger, a Miami. Fla., lew- srr and author of a Souk on Caribbean and Gert tax Ravers, says: “St. Vincen! {3 one ef the few pisces Jett in the world that bas abwisiiy mo Dancing regulations Peesle gr pahtung boks Were>which are corp Fate Shots withou!l eupialefor $15,695 to EX foe 3piete ACs 0 atiray sfluaton.” Bor Martin, §1. Vincest’s Nnanctal secre- t&Mace. fur redes Wat bangs registere? of the tabesd Sut which don'l comcuc! kaw buz:- Meee aye unregeiated. “We plan to tighten s.s!2u0n b aris more Grfficult’” to form these “atishure’’ baakt, he says | ae ee em ne nem in etme ‘e@ er re OO OO ( er * * v = ‘sis| ve . . w . gf ‘ . 7 ° . e Founder, Fmpleyes A Mr Sturue ev ee phone fenerview that he Gidn't hace ¥ Mercantile Bank was sod epersting fram is Kingsiows office, where the telephone has been However, he 2nid th barks founder “left sdout three er six months ago” aad aepe of the other emplcyes is sreund. An FBI memo identifies Raymond Staras es the bank's fourder and says the Louisi- ana checks were fuereled through a Baton Rouge morgage broker mamed Bil) . Shster. Mr. Stacus also te from Baton « Rouge but kasn'l any telephone sting there. Tre phone at Mr. Hunter's merigege frm been Giaconhetted— in 2973, Mr. Surns conserted te prcton in a etvil mit after the SEC Gharged him tm Dallas with secorities fra & eenection with the securities of Cra Ars Dats #ystems Ine. Another officer whe Bi Vincent bark was identified as Fiter Jr., who was ence president of ama stock insurance cor:pany, American; + ete me ce mm, Atied Insurance Cu., tual went inte receiv- ership im 1865 in diinnesota. { | at se oe In Milwaukee. Car! Humes, manager of FLiH Acceptance, says his predecessor, Mi- chuel D. Smith, recenty left the company. “He destroyed orginal ef all compasy Checks and cleaned out {rve fe cabinels, de Struying everything.” Mr. Humes says. - With Mr Smitt's departure, F&H discer- ered that a rumber of cashier's checks fram - the §:. Vincent bank had been deposited FH bank accounts. Using those deposizs Mr. Senith allegedly beught aad soki payer and disappeared with an srined hein sie cash. “We figure he got away 000," gays ene Uccarding i FAH officials, Mr. Bunith is fa Cansda A reiative ip Vancouver eon firmed that Mr.:Bmith was living there, but efforts to reach for eorament were Ur it oe wage BAe OTM Pee Moe * Xa.