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Pictet bank Brian Callahan Bankers stole almost million dollar trust fund geneva, Switzerland Internet
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 2012 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.
5 Updates & Rebuttals
Rippedoffbypictet lambert assert protection
Celebration,Florida,
USA
Pictet and rob lambert
#6Consumer Comment
Fri, March 03, 2017
First of all I am responding to the response of the original complaint which was filed five years ago and amazingly finally Rob Lambert has surfaced was an actual response as he has disappeared from all the investors years ago. It appears she's now looking for new business and so I will respond to his ego centric character.
First of all while I'm lucky to be alive after suffering from lymphoma maybe God put me on this earth to make sure people will stay away from Mr. Lambert and rip off banks First of all Mr. Lambert purports to be a lawyer or attorney either in New York or in California and in any event he's not a licensed lawyer as he was effectively disbarred what he re-signed as a lawyer in California just prior to The bar of California taking action to remove him as an attorney. He has also been prosecuted for illegally selling viatical's and other securities instruments in California. He pretends to operate out of wall street when in fact it is just ia mailing drop. Also note that I'm on that iPhone transcription service because the cancer has left me unable to type so some of the words might be disjointed and I apologize for that. Let's talk about Mr. Lambert's so-called Asset Protection's games And schemes well I have gotten to know most of the investors in the Callahan fraud And almost all of them were directed and referred by Robert and Lambert. First of all his association with Crooks like Callahan seem to be endemic. He originally referred me to bateman financial In which he allegedly wanted kickbacks for doing so well in fact bateman in the Caymans was in fact another big Ponzi scheme or in in fact he is now on the lamb from Cayman authorities and in fact my broker who is Josh VanDyk away who I reported as a whistle blower to the authorities was in fact indicted and I legibly put in jail in the Eastern District of Maryland federal court and the entire Company and its workers are all mostly been indicted and this is another one of Lambert's referrals to know you get the drift that almost everybody he associates with or refers is a crock. I should say a "Crook" again this transcription service uses words it wants to.
But let's not talk about the actual "legal" work that was done by Lambert on behalf of close to $100 million and stolen money of which many of the investors pointed out that Lambert was looking for kickbacks and almost every level at almost every level based on my conversations with many of the investors Mr. Lambert created these. What can be described only as Asset Protection schemes that he calls them which have so many holes in them it's like Swiss cheese but being the expert in this area is on schemes have fallen the test of legal Propriety and have failed the test in front of a judge even with his own personal Asset Protection's game and in fact when we compare our Asset Protection standard creation which maybe looks good on paper In fact they are simply duplicates of each other generally with a British virgin islands component along with a state of Delaware component and all of them of course being referred to the same transcriber in these islands were demanding special a annual fees which all appeared to have the same component in the same person in the same rip off and it appeared they all have the same connection to Mr. Lambert and you guested probably you guessed it probably had a component of kickbacks back to Mr. Lambert.
In any event all of the money and all of the documents that were charged or basically for the same thing for the same Asset Protection's game. I'll he did was change the names on the papers and change the investors name but it was the same old stuff the same Asset Protection's game. And his game was to charge between $10,000 and $20,000 for each person and just change the name in the component and his Swiss cheese Asset Protection scheme. But his Swiss cheese Asset Protection's game needed this Foreign component So he would refer us to all of us to Mr. Callahan or some other rip off Agent and in my case he recommended Pictet Who received was a sensually kickbacks from Brian Callahan and they allowed him to enter our accounts even though he signed document saying they couldn't remove the money without our express written authority and yet given the Swiss cheese component of the Swiss bank and the documents created by this Mr. Lambert who is the essentially disbarred attorney, who is to this day not paying for his rightful restitution to all the investors. It was quite a scheme making hundreds of thousands of dollars off of little investors to create Swiss geez Asset Protection schemes cheese that is and then getting more kickbacks from referrals and sunny money over to places like bateman.Four years ago I actually maneuvers and sue them for the rip off in the Cayman Islands and I won I won just prior to them going under in another Ponzi Scheme All referred to by the way by Mr. Lambert.
No let's talk about this with bank Pictet to which Mr. Lambert defend defend and let's look at that for several years the bank with sending all of us statements saying we had so much money in the bank when in fact it was a fraud the money has already been stolen And have been allowed to of been stolen right out of our beneath her eyes our eyes the statements were invalid can you imagine getting statements from the bank and in fact they're just made up make-believe? This is the type of thing we are talking about where the alleged worlds largest private bank was allowed to rip off money while sending out statements that the money was actually there can you imagine Bank of America or Wells Fargo doing that to a customer when in fact the money isn't even there and they would just make things up? And once again Mr. Lambert is on the defense of these sorted characters sordid that is in here we are again with Mr. Lambert in the middle Our investigation let Mr. Lambert to see that his money actually his personal money went to Belize and we have the name of the bank and everything and so his losses are not any losses that he talks about .He said he's had friends that were losing money or associates or family or whatever when in fact we have a list of all the people who lost money and his name does not appear in any of them so once again stating I miss truths a miss truths
So the bottom line is you can't trust the bank you can't trust is Swiss cheese Asset Protection's games and they aren't worth the paper they're written down on and if you Google further you'll find himself got into big trouble and lost legally with one of his Swiss cheese as a protection schemes asset protection schemes that is .
So in conclusion Mr. Lambert you can't be trusted his so-called referrals can't be trusted his referrals to criminals like bateman and Callahan and Manson can't be relied on His referrals of these so-called wonderful banks are ridiculous as these like Pictet or the recipients of huge referral fees based on assets that didn't exist but he chooses to defend them just like he chooses to defend of his other swish cheese Asset Protection Rip off I do believe that Mr. Lambert should have just stayed in the movie industry that he apparently was involved with in the area of porno in which he created " snuff films" As he has quite an imagination and he in fact try to make it appear to be a real life snuff Porno and when she created a real sick either fantasy or reality who knows It turns out he found some girl who sold refreshments on a golf course to be his personal secretary and she simply was in charge of sending out these ridiculous so it's cheese asset protection's games and schemes and some golf course that he allegedly lived in on the West Coast in the same state that he is pretending to be a lawyer when he's not.
So Mr. Lambert needs to refund at minimum our tens of thousands of dollars that he stole in a template and I said protections game full of Swiss cheese in which I had a Swiss component with a Swiss Bank that was on the take just like Mr. Lambert himself looking for money for himself kickbacks referral fees whatever you call it and money every penny of the investors percent advise me of his attempt and in fact bateman himself told us that Lambert was attempting to get kickbacks for referral fees which is the name of the game nowadays. So if you hear from Mr. Lambert I would suggest running not even hiding because you will lose your money just the way we all lost her money through his system of referrals to people who provide paybacks and kickbacks to him and in which it seems like the only one that he refers people to our people who will rip you off Just like he ripped all of us off. I just want of us but many of us in fact most of the people in the Callahan Ponzi Scheme we're all ripped off and roll referred because we trusted our "attorney" who is not even an attorney and in fact even Callahan was a disbarred broker pretending to be a British virgin islands resident. But once again Mr. Lambert defends Pictet bank and you can only wonder how much money he's getting out of that!?
So you can take your money to the bank that this snuff film producer With his Swiss cheese asset protection schemes will undoubtedly refer you down the river where the wolves are waiting to eat your lunch and will probably eat you as well and Mr. Lambert has left a trail along with Mr. Callahan and this bank has left a trail of money corpses Just like in his snuff films Mr. Lambert needs to return my fees that I paid immediately or he will undoubtedly bear the consequences of his actions and they will be many because I haven't started yet And he certainly knows how to contact us and me and if he doesn't pay this immediately he will bear the consequences because he's not getting away with this house there's two ways to cut up Swiss cheese
Rob Lambert
New York,New York,
Brian Callahan is a Crook but Rob Lambert and Picket Bank are Not
#6REBUTTAL Individual responds
Thu, March 02, 2017
Guys, this is Rob Lambert. I run Asset Protection Corporation www.assetprotectioncorp.com and Asset Protection Training www.assetprotectiontraining.com and am mentioned in this report as one of the bad guys.
I am not. The writer of this report was badly cheated by Brian Callahan who stole more that 96 million dollars from over 40 people in one of the largest ponzi schemes in Long Island history. Callahan is a crook who is going away for at least 20 years and I suspect the rest of his life (sentencing is delayed). He is a dirty rotten thief; but, that does not mean that I am a thief or that Pictet Bank is a thief.
It is true that when the writer of this report asked me what the best Swiss Bank is I referred him to Pictet. I still feel Pictet is the safest bank in the world and one of my favorites. The problem is that Pictet does not take clients who deposit a million or less (normally they will seek minimums of over 10 and sometimes 20 million as the initial deposit). The writer of this report did not have that type of cash to deposit so I referred him to Brian Callahan who calimed to be able to get accounts for lesser amounts at Pictet by putting several clients together in a small registered BVI hedge fund. I did not and still do not know the details of what Brian Callahan promised or even the name of his fund as I was not involved. I always have my clients get their own accounts.
After the poor unfortunate man who made this complaint made an investment with Brian (I did not know the amount of his investment or see any documents as I was not involved) I heard that Brian Callahan was indicted. I offered my assistance to the authorities. In the course of helping the authorities gather data to prosecute Brian Callahan I learned that Brian Callahan took Pictet letterhead and forged statements showing huge deposits in the name of his hedge fund for the account of the poor man who was taken by Brian.
This is a horrible crime which destroyed lives. My family was also a victim.
However: Pictet is not a criminal because a crook like Brian Callahan forged statements. Pictet did not know of Callahan's crime. In like matter, Rob Lambert is not a crook because he recommended Pictet and gave a name for an investment advisor who might be able to help.
This is Rob Lambert speaking for himself. I am sorry (horribly sorry) that Callahan hurt the writer of this report and he is right, Callahan really cheated him. Well, he cheated me, my family and more than 40 other people. If I had participated in the crime (I had no details at all on Callahan and only made an offhand recommendation) then I would be in the same boat as Callahan..... going away for the rest of his useful life. Well, Brian Callahan's punishment couldn't happen to a more worthy person: but, that does not mean I am a crook (just stupid to make a recommendation) or that Pictet is crooked. If I were the prosecutor he would be going to jail for life if I had any choice. Let's hope that is what happens.
I still do asset protection at the highest level and Pictet is still one of the top 5 banks in the world for a safe account.
This is a terrible crime but not a crime which either Rob Lambert or Pictet Bank are responsible for.
Thank you very much for listening.
I have included a portion of a press release from the US Attorney.
********************************
United States Forfeits $40 Million Through Court-Ordered Sale Of Montauk Resort
‘Panoramic View Resort & Residences’ Was Purchased With Proceeds of $96 Million Ponzi Scheme
Yesterday, United States Judge Arthur D. Spatt of the Eastern District of New York entered a decree ordering the forfeiture of approximately $40 million in net proceeds from the sale of a Montauk beachfront property. The sale of approximately 9,606 shares of 93 Old Montauk Owners, Inc., the sole owner of the Panoramic View Resort & Residences, a 117-unit resort and residence development in Montauk, New York, closed on December 7, 2015. The shares were sold to Panoramic Partners LLC, an affiliate of BLDG Management Co., Inc., for $63.9 million.
Distinctive Ventures, LLC had purchased the Panoramic View in 2007 using proceeds of a $96 million Ponzi scheme orchestrated by former investment fund manager Brian R. Callahan. Distinctive Ventures is wholly owned by Distinctive Investments, which in turn is owned by Callahan’s brother in-law, Adam Manson. After Callahan fraudulently diverted money from investment funds he managed to the Panoramic View, Manson helped Callahan hide the fraud from the funds’ independent auditors.
In April 2012, the United States filed a civil forfeiture action against Distinctive Venture’s shares in the Panoramic View and other assets traceable to Callahan and Manson’s fraud. Judge Spatt directed the sale of the Panoramic View shares to preserve their potential value for the government and, in turn, for the victims of the fraud.
The sale of the Panoramic View and forfeiture of the net proceeds were announced by Robert L. Capers, United States Attorney for the Eastern District of New York, Diego Rodriguez, Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office, and Shantelle P. Kitchen, Special Agent-in Charge, Internal Revenue Service, New York Field Office.
“Brian Callahan, assisted by Adam Manson, orchestrated one of the largest Ponzi schemes in Long Island history. Today we announce the liquidation of the proceeds of that scheme,” stated United States Attorney Capers. “This unprecedented sale exemplifies the importance of using civil forfeiture to ensure that assets will be available to repay fraud victims. Due to the hard work of prosecutors in this Office, assisted by the investigating agencies and the U.S. Marshals Service, we were able to maximize the pool of funds potentially available for distribution to victims of this fraud.” Mr. Capers thanked the Securities and Exchange Commission and the British Virgin Islands Financial Investigation Agency for their cooperation and assistance in the investigation and prosecution of this case.
“Instead of investing victim funds as intended, Callahan and Manson entered into a quid-pro-quo arrangement that served to advance each other’s interests. We have a responsibility to uphold the public’s confidence in the integrity of our financial markets. Today’s court order brings us one step closer to restoring assets to the victims of this fraud,” said FBI Assistant Director-in-Charge Rodriguez.
“Victims of Ponzi schemes are seldom made whole, both emotionally and financially,” said IRS Special Agent-in-Charge Kitchen. “It is our hope, however, that the proceeds from this forfeiture bring some financial relief to the victims, along with a measure of closure.”
In January 2007, Distinctive Ventures purchased the Panoramic View for $38 million. To acquire the resort, Callahan diverted more than $12.1 million from investment funds he operated to Distinctive Investments. In addition, Distinctive obtained a $35 million acquisition loan and $10 million construction loan from a commercial lender secured by Distinctive’s shares and proprietary leases on unsold units (together, “Loan #1”). From May 2008 through November 2011, Callahan diverted at least $17 million of investors’ money to make payments on Loan #1.
In March 2011, Callahan and his wife acquired shares from Distinctive Ventures in connection with entering into a proprietary lease for a newly renovated Panoramic View unit (the “Callahan Shares”). To complete the purchase, Callahan used approximately $450,000 of investors’ money as a downpayment on the Callahan Shares and obtained a $2.3 million mortgage from a second lender (“Loan #2”).
On April 17, 2012, the United States filed a civil forfeiture action against Distinctive Venture’s shares and the Callahan Shares and other assets traceable to Callahan and Manson’s fraud, ensuring that these assets would be available for forfeiture. In July 2012, however, Distinctive Ventures defaulted on Loan #1 and began accruing interest in the amount of over $2.2 million annually. On February 22, 2014, Judge Spatt granted the government’s motion to sell Distinctive’s shares, ruling that a sale on commercially reasonable terms was necessary and appropriate to preserve the value of the Panoramic View. On March 27, 2014, Judge Spatt accepted the government’s proposal to maximize the sale price of Distinctive’s shares through a bidding process. Pursuant to the government’s proposal, a bid package and contract of sale was distributed to interested parties. The final bid deadline was August 12, 2015. After review of the bids received, Panoramic Partners, LLC was selected as the winning bid.
Callahan and Manson, who were charged in July 2013 with securities fraud and wire fraud offenses, consented to the forfeiture of the Panoramic View as part of their guilty pleas in April and May 2014, respectively. Pursuant to his plea, Callahan conveyed the Callahan Shares back to Distinctive Ventures so they could be included in the interlocutory sale.
The sale of Distinctive’s shares to Panoramic Partners, LLC closed on Monday, December 7, 2015. At the closing, the lenders for Loan #1 and Loan #2 were paid pursuant to the terms of a court-ordered stipulation. Pursuant to the decree of forfeiture issued by Judge Spatt today, the net proceeds of the sale, or approximately $40.3 million, were forfeited to the government, ensuring their availability to repay victims of Callahan and Manson’s fraud through the Department of Justice’s remission procedures.
This prosecution was the result of efforts by President Obama's Financial Fraud Enforcement Task Force (FFETF) which was created in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. Attorneys’ Offices, and state and local partners, it’s the broadest coalition of law enforcement, investigatory, and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state, and local authorities; addressing discrimination in the lending and financial markets, and conducting outreach to the public, victims, financial institutions, and other organizations. Since fiscal year 2009, the Justice Department has filed over 18,000 financial fraud cases against more than 25,000 defendants. For more information on the task force, visit http://www.StopFraud.gov.
The government’s case is being prosecuted by Assistant United States Attorneys Brian D. Morris, Karin K. Orenstein, Christopher C. Caffarone, and Winston M. Paes.
The Defendants:
BRIAN R. CALLAHAN
Age: 45
Old Westbury, New York
ADAM J. MANSON
Age: 43
Old Westbury, New York
E.D.N.Y. Docket Nos: 12-CV-1880 (ADS) and 13-CR-453(ADS)
rob new york, new york
voiceofreason
North Carolina,United States of America
Why a Swiss Bank?
#6Consumer Comment
Mon, April 02, 2012
Why didn't you simply distribute your money among FDIC insured American banks, up to the FDIC limit, or with a SIPC insured brokerage?
Why use off shore banks unless you too were trying to hide something?
Karl
Highlands Ranch,Colorado,
USA
Gerald, Feel free to 'Google' this- FRONTLINE: THE MADOFF AFFAIR, and watch that video....
#6Consumer Comment
Mon, April 02, 2012
on the web.
Have a nice day.
***NATIONWIDE BANK ALERT: Make sure to stay at this site and type in- BANK, and read the Ripoff Reports from people all over America for important information if you have a bank account or a mortgage in the USA.
Steve
USASomething is amiss here...
#6Consumer Comment
Mon, April 02, 2012
If you are in the small circle of people that would have a million dollar trust fund, you would be a bit more sophisticated than to ask for a lawyer on this site. In fact, you would have all sorts of family contacts you could use to find one.