Mission accomplished! Pronto Cash, the debit card scheme of fraud artist Monte Friesner , his fraud wife Tatiana Nazarova and their lawyer/director Herbert Young, is dead. Gone. Passed away. Soon to be buried on the cemetery of wacky scams next to the noni plantations and Marc Boswell's get-rich-quick scams.
El Panama America reports today that the Ministry of Commerce and Industry (MICI) has ordered Pronto Cash to be closed and fined them $10,000 for illegally operating as a bank, not filing reports, not meeting capitalization standards and so on.
Mind you, that is next to a criminal investigation that is currently being conducted by the financial crimes unit of the Public Ministry, which seeks to prosecute those responsible for the scheme.
Apparently, Pronto Cash had defended itself at MICI saying that they were in the business of making loans. However, in years of operating, the company had only made 12 loans, most of them to employees.
Also, contrary to Friesner's claims of being capitalized to the tune of $500 million through "gold bonds", MICI found that Pronto Cash's capital was just $6,482.
The question what related financial activities permitted Friesner and Nazarova to live the high life in a $10,000 a month apartment in the Bellagio tower in posh Punta Pacifica remains subject of further investigations, your Bananama Republic has learned.
Friesner, in hapless attempts to salvage his crumbling schemes has been on a mud-slinging rampage lately all over the internet, but most notably on the website of his fake investigations and due diligence firm "WantedSA". He even went as far as harassing family members of your reporter.
In these fruitless efforts he has lately been assisted by one Kenneth Rijock, a convicted money launderer who works for a dodgy Thomson-Reuters owned due diligence outfit called World Check.
Some major questions remain unanswered.
1. How much money was moved via Pronto Cash during it’s existence and by whom.
The first question will hopefully be answered by the investigations currently underway. Blandón and Young, well, who knows. I guess time will tell how much impunity one may derive from having plastic hair!
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Unfortunately I know 2 people who had cards with them. No idea if they lost $ or how much.
any idea how much money people had in the “bank?”
Who on earth is so dumb as to get one of those cards when the truth about Friesner and Nazarova was already all over the web?
What will happen? Just guessing, but MasterCard will probably cut off Pronto Cash, then the remaining card holders will have to get their money out or whatever. Administrative nightmares. Paperwork.
This is on Pronto Cash’s web page today:
“Dont be pushed by your problems,
Be led by your dreams”
Hey Monte.. You Dream BIG eh??
“Some of us prefer to stay home ,but some of us are looking for adventure”
What a SCHMUCK
New Proto Cash is Atlantic Security Bank !
I liked your story, but you failed to point out that past legal representive of Atlantic Secuirty Bank, Marisol Sierra, is now in charge of Bank Fraud at the Superintendencia de Bancos in Panama.I don’t belive you will get much help on the groud here.The fox guarding the hen house.For your references:
ATLANTIC SECURITY BANK (Sucursal 15-7325 DIRECCIÓN DE LA PÁGINA DE INTERNET: http://www.credicorpnet.com ANDRE KURT SHOBER MAYA, Gerente General DIRECCIÓN DE CORREO ELECTRÓNICO: firstname.lastname@example.org MARISOL E. SIERRA V., Vicepresidente y Gerente de Operaciones DIRECCIÓN DE CORREO ELECTRÓNICO: email@example.com: http://www.superbancos.gob.pa/…ÓN DE PREVENCIÓN Y CONTROL DE OPERACIONES ILÍCITAS TeléfonoLicda. Marisol Sierra
Directora de Prevención y Control de Operaciones Ilícitasmsierra@superbancos.gob.pa506-7884