Our non revocable family trust fund opened an account with PICTET bank, Switzerlands biggest bank. Our USA contact Was Brian Callahan (google callahan SEC). Callahans funds were frozen and turned out Brian lost his securities license years ago. The SEC froze all his "funds" on Mar. 5 in a court order. This guy lives in OLD WESTBURY NY. You can google to view his magnificent mansion where he seems to have hoarded much of his assets.
We were referred by a Rob Lambert (google asset protection lambert) to see his site. At the time we were advised he was a lawyer.in any event he put together a asset protection fund somehow with a Delaware LLC and a St Lucian trust and he recommended Callahan. I immediately recognized Callahan to be a scammer as he had some weird ideas of a fund at a bank in Bermuda. Well that didnt work out, and nobody would take an americans account, so he recommended Bateman, who promptly wouldnt provide information and then stole $15000. (We won $11000 judgment in the Cayman Islands against them without using a lawyer). Within 60 days had to close out that account because they were ripping us off.
Then Lambert said TRY CALLAHAN again as hes a good guy and he has some deal with PICTET BANK. I checked it out and all the money would be on the books of the PICTET bank, and they were the largest swiss bank, brian was simply he "introducer agent" so I was thinking he would receive 10 basis points or something. I began receiving statements from PICTET which didn't make sense, and 3 times in one year i tried to close out the account and each time Lambert and Callahan assured me it was safe.
I was wary given my experience with Lamberts recommendation of Bateman who would not send me cusip numbers and confirmation numbers of purchases which promptly lost money. So now I figured a swiss bank can't lose money if its in a passive account on the books of the bank.
I immediately wanted to invest in a swiss franc bond of some sort becasue in Nov. 2010 I felt SF were the way to go. I was right but Callahan said ONLY keep the money in $US. Then I wanted to invest in real estate and again Callahan was giving me problems getting the money saying "real estate is no good" despite the fact that he allegedly diverted $72 million to Montauk real estate or thereabouts as well as other places.in the mean time I'm receiving statements from PICTET.
Who was to know that these statements were all fraudulent. I was allegedly "investing" in a HORIZON fund, but another statement said something about a FIDUCIARY INCOME fund, and another statement said TORTOLA Drake fund and each time Callahan said it was a mistake and the funds were on the books of the Bank. So in February I contacted the bank because I wasnt getting any 1099 to report on the taxes to the IRS but the $ they sent didnt correlate with the banks money. The bank said the reports were "accurate" and that Callahan did a "good job" conserving the assets meaning they didnt have a ROI
HOWEVER I decidd to IMMEDIATELY IF NOT SOONER close out the accounts, send $ back to the us. I got a statement from them mailed Mar 5 dated Feb. 29 that the funds were all there. Then about Mar 8 they announced I had ZERO and at no time did they forward the money to me at the account designated at the USA. Soon thereafter they announced a revised amount said I had "$1400" down from almost a million.
THEN the greed really showed. I got a statement that they decided to charge fees for "MARCH" on Mar. 19 but post dated to Mar 30 that they were stealing another $1000 in fees approx. So that they would be ahead of the game. NOW UNDERSTAND I told them to close out the account almost 8 weeks earlier and now they found $1400 but decided to take that too, refusing to forward the remaining balance whatsoever.
Callahans funds are gone. I never thought he was trding on my behalf only acting as intermediary for the bank. The bank PICTET was sending out statements. The only difference between Callahan and Maduff is that in Maduffs case he generated his own statements.in the case of Callahan, PICTET sent out the fraudulent statements making cilients believe money was there! And they said that was the money was there. We have statements in writing from a Jean Vannay stating that our funds were safe and in the bank PICTET and that Callahan being the "intermediary" would release them no problem. So we waited and waited in vain.
We never would have opened an account without the corroboration of PICTET.inDEED we sent always PICTET a notice of withdrawal and closing, we opened account statements with PICTET not with Callahan. We never had a fund we were told about.in fact the Bank said we had a HORIZON fund whatever that was as we never got a statement from them or a disclosure of any type. Callahan said we had a FIDUCIARY fund whatever that is. Bottom line is PICTET was the one who was supposed to be the responsible one but instead they proved themselves to be a criminal element and not a trusted Swiss Bank. And they continue to be irresponsible on this April fools day as March has been a living nightmare.
We needed funds for a medical transplant and not we can't have that. So we are now preparing for my demise and attempting to arrange for new parents for my toddlers. While most probably I will be dead in 2 to 5 years, I'm hoping for some retribution on behalf of the children. Callahan used to talk about one of his twins who would knock his glasses off and kick him in the private parts. So he had to get an operation for his eyes so he wouldnt need glasses. He used to talk about how proud he was of his children and they were worth more to him than money. And I used to watch "american greed" on cnbc and tell him I felt he was one of the stories and he laughed and said YEA RIGHT and the nightmare has turned to reality.
Maduff trustees sued pictet, so did a lawyer named J Gangitano (google gangitano pictet) for fraud by the bank against its own customers. You can see the actual cases online. Its amazing a swiss banker is involved in this fraud as we always used to have respect for swiss bankers. But obviously the opposite is true. Even with the final funds they just can't seem to stop collecting more and more fees.
So at this point we need counsel who can handle this, as we haven't gotten one yet. The trustee appointed by the Court didn't even ever hear of "PICTET" and he asked me to spell it on the phone.
He said he is getting "up to speed" so obviously Callahans not going to have to worry about this Trustee, in fact the court gave him $15000US in living expenses from $72 million in stolen funds. So the accountants and lawyers and the "trustee" will eat up whatever is left, and PICTET is laughing "all the way to the bank" at the " (stupid americans)".
So obviously we need counsel in Geneva and or Miami or NY to sue the bank because they told us the funds were there, they took monthly fees for what? For generating false reports? Bottom line the bank conspired with Callahan, they should have known that he was no longer a securrities broker for a reason, for making up statements just like maduff, and yet they partnered with him so they could generate more fees and generate false statements in a make believe world, where all the funds were taken.
So lawyers contact me with a proposal. But Understand I'm not stupid anymore, and if you are from Switzerland, for sure you will have to prove you arent a crook like the rest of them, unfortunately for you. And I don't want to get ripped off a 3rd time.
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