So What Happened To Iceland?

 

 

 

 

 

 

The Story Of A Miami Beach Developer And Questionable Loans

 

 

 

 

 

 

 

 

Here Is A Typical Transaction That Drove Iceland Over The Financial Edge

A Miami corporation named Longkey LLC rents a storefront, submits a drawing of a future condo, and gets $8.5 million from an Iceland bank.
 

 

 

 

 

 

Icebank Of Iceland

This is out of Liechtenstein, and no one knows who is in charge. 7
   

 

 

 

 

 

They Lent $8.5 Million

A Miami company, Longkey LLC, took a loan for $8.8 million on an storefront address, and they defaulted.

 

 

 

 

 

 

  

The Finkel Brothers Are No Where To Be Found

In an odd twist of events there is no records in Florida, or Iceland, of Longkey LLC. 7

 
   

 

 

 

 

 

How Did It Work

The Blumes form an Panamanian corp. and buy a series of small banks in Iceland. After fermenting for a decade the trap is set, and they start offering 15% bank CD's, and these are sold by brokers at stock houses. Mr and Mrs Retiree puts $50,000 in and see their funds multiply, and the words spreads, and money pours in. The bank now has $500 million, and soon the loans start.

Now Ivan Belsky, of Sunrise Shopping centers shows at the bank and receives a $20 million loan. Too bad the loan went south.

   
 

 

 

 

 

 

 

Did The Money Vanish?

You gave the bank of Iceland 100 gold coins, and they gave you a piece of paper saying you get 15% interest. Next they lend your gold coins to Ivan Belsky, who quickly defaults.

Your gold coins didn't vanish, they just changed hands.
 

 

 

 

 

Judicial Index