Quote from “There’s a Sucker Born Every Minute” April 02, 2009 by Bob Bauman:

Last Friday the SVG prime minister, Ralph Gonsalves,(left)  announced the government had taken control of Millennium Bank after an SEC complaint alleged that William Wise of Raleigh, North Carolina, and Kristi Hoegel of Napa, California, orchestrated the fraudulent scheme through Millennium Bank and its Geneva, Switzerland-based parent, United Trust of Switzerland SA, as well as U.S.-based affiliates.

To his credit, Prime Minister Gonsalves admitted that since 2001, when he took office, he had closed down 34 of 40 the islands’ banks. (Only six remain).