We set up a corporate bank account under the impression that this was a legitimate bank.
The first tipoff that made us suspicious was the rinky-dink online account banking software. It could not be more outdated or less functional.
In late October/November 2018 we were informed without prior notice that the bank no longer had a correspondent bank and could not receive wire transfers nor could it send wire transfers out (i.e. you can't use your funds). Apparently, the correspondent they used previously, which was a no-name bank, dumped them without notice for one reason or another which in itself is quite suspicious. You have to ask yourself, why would this happen 'without notice'? That's not normal in the business world.
They informed us that it would be resolved in less than 30 days, then being in mid-December 2018, if not earlier. They then tried to convince us that they had a new correspondent bank when in fact it was a lie. All they had done was to open a corporate account with a currency exchange operation which in the end was not functional and it exposed what a rinky-dink operation this is. They lied and the problem was not resolved. We still had no access to our funds.
We made numerous polite and professional calls to see what was happening and our calls would be ignored and never returned by the party in charge, who not surprisingly was never available when we called. Great customer service!
The latest BS is that they have a new correspondent bank in the US (another no-name bank in Wyoming) and our wire request is 'top priority'! That was end of February and since then there has been 'no action' and 'no communications'
Caye Bank puts itself out as a 'Bank' which is a 'Service' industry. They are not a bank. They are NOT a member of SWIFT, they have NO correspondent bank, and they don't provide any 'Service'.
Never trust this company. The management is known for many scams. These offshore companies are used for PONZY and PYRAMID schemes and once they have enough or they are about to get caught they run to another tax haven.
Joel Nagel the chairman and a former disgraced ambassador was fined more than $300,000 when he was accused by Mr Tommy Lee Haugan of fraud. He was also removed as an ambassador in Austria.
Luigi Wewege the vice president who got in news when he used nude photos of Bewan Cheung in New Zealand. He was later caught helping Ian Leaf the famous british scammer for Vivier and Company. First Wewege left New Zealand and ran to Ireland and then he left Ireland and ran to US and now he has taken an exhile in the small island of Belize. The scams continues using the same model again and again. Wewege is banned to provide financial in many countries including the US. Caye bank hides his link with Vivier on his profile.
Caye Bank uses Afterhim Media (https://www.afterhimmedia.com/) for online reputation management. The main concept of Afterhim Media is to flood the internet with fake positive reviews and profiles so users cannot see the real reviews and negative publicity using search engines.
Always be careful and do proper due diligence before putting in your money in any investment company. Avoid companies or banks that are not regulated within EU or similar jurisdictions.
Famous scammers using Afterhim Media are Joel Nagel, Luigi Wewege, Adrian Rubin, Ian Leaf or Ian Andrews, Douglas Pitassi
Joel Nagel the chairman, Luigi Wewege the Senior Vice President have shady pasts. Check them online. They are banned in many countries. Check them on Google.
We are trying to get our money back since Aug 2019. Gave enough notice but they keep on asking for more proof. The service agent was changed 5 times and still not sure if they will return the deposits.
Let's be fair about this. All of the above sounds entirely reasonable. So giving the benefit of the doubt let's just ask some reasonable questions;
1. If Caye Bank is, in fact, an international bank, why is it not a member of SWIFT?
2. If Caye Bank is routinely processing wire transactions for clients and is in good standing with the banking community why then;
- did it notify all clients late last year that all incoming and outgoing wire transfer services were suspended?
- did it lie to clients thereafter saying they had secured a new correspondent bank when in fact they had only set up a corporate account with a money exchange operation which was not a corresdpondent bank and in fact later the money exchange operation terminated the relationship with Caye Bank?
- did Caye Bank, an international bank (as the advertising goes) then inform clients that they were using a small community bank in Iowa as their correspondent bank?
- And why then did that small community bank later then terminate its relationship with Caye Bank?
- And again, then Caye Bank tries the same thing with a small farming community bank in Kansas?
- And again, then why did that bank reject further relations with Caye Bank?
3. Why has this client been shunned and refused all attempted forms of communication he tried to make for six months?
4. Why did Caye Bank ignore the plight of this client and only respond after this public complaint was filed?
5. Why has Caye Bank refused to engage in discussion with this client about several offered means of alternative resolutions which have been ignored?
The above questions are reasonable. Caye Bank will not answer and does not have an answer because they expose the fact that the response they give above as being absolute bullshit.
Had Caye Bank truly valued its client and acted in good faith from the beginning, none of this dirty laundry would need to be aired in public. Once again their PR sounds great but this case proves it all to be a sham. The handling of this is a good indicator of the type of management they have.
Caye International Bank Reviews
We set up a corporate bank account under the impression that this was a legitimate bank.
The first tipoff that made us suspicious was the rinky-dink online account banking software. It could not be more outdated or less functional.
In late October/November 2018 we were informed without prior notice that the bank no longer had a correspondent bank and could not receive wire transfers nor could it send wire transfers out (i.e. you can't use your funds). Apparently, the correspondent they used previously, which was a no-name bank, dumped them without notice for one reason or another which in itself is quite suspicious. You have to ask yourself, why would this happen 'without notice'? That's not normal in the business world.
They informed us that it would be resolved in less than 30 days, then being in mid-December 2018, if not earlier. They then tried to convince us that they had a new correspondent bank when in fact it was a lie. All they had done was to open a corporate account with a currency exchange operation which in the end was not functional and it exposed what a rinky-dink operation this is. They lied and the problem was not resolved. We still had no access to our funds.
We made numerous polite and professional calls to see what was happening and our calls would be ignored and never returned by the party in charge, who not surprisingly was never available when we called. Great customer service!
The latest BS is that they have a new correspondent bank in the US (another no-name bank in Wyoming) and our wire request is 'top priority'! That was end of February and since then there has been 'no action' and 'no communications'
Caye Bank puts itself out as a 'Bank' which is a 'Service' industry. They are not a bank. They are NOT a member of SWIFT, they have NO correspondent bank, and they don't provide any 'Service'.
Buyer Beware!
Big Scam
Wish I could rate 0 star.
Never trust this company. The management is known for many scams. These offshore companies are used for PONZY and PYRAMID schemes and once they have enough or they are about to get caught they run to another tax haven.
Joel Nagel the chairman and a former disgraced ambassador was fined more than $300,000 when he was accused by Mr Tommy Lee Haugan of fraud. He was also removed as an ambassador in Austria.
https://www.breakingbelizenews.com/2017/04/24/belizeans-joel-nagel/
https://www.youtube.com/watch?v=QdIs6WKZlww
Luigi Wewege the vice president who got in news when he used nude photos of Bewan Cheung in New Zealand. He was later caught helping Ian Leaf the famous british scammer for Vivier and Company. First Wewege left New Zealand and ran to Ireland and then he left Ireland and ran to US and now he has taken an exhile in the small island of Belize. The scams continues using the same model again and again. Wewege is banned to provide financial in many countries including the US. Caye bank hides his link with Vivier on his profile.
https://www.rte.ie/news/player/2015/0205/20723428-rte-investigations-unit-the-loot-the-loans/
https://www.interest.co.nz/business/81584/court-appeal-overturns-high-court-judgment-allowed-luigi-wewege-associated-vivier-and
https://scambusters.co.nz/forum/viewtopic.php?t=6456
https://www.nakedcapitalism.com/2016/05/new-zealand-the-worlds-tiniest-international-stock-exchange-a-big-ponzi-scheme-and-other-crazy-tales-from-john-keys-financial-services-hub.html
Fake Profiles
Caye Bank uses Afterhim Media (https://www.afterhimmedia.com/) for online reputation management. The main concept of Afterhim Media is to flood the internet with fake positive reviews and profiles so users cannot see the real reviews and negative publicity using search engines.
Always be careful and do proper due diligence before putting in your money in any investment company. Avoid companies or banks that are not regulated within EU or similar jurisdictions.
Famous scammers using Afterhim Media are Joel Nagel, Luigi Wewege, Adrian Rubin, Ian Leaf or Ian Andrews, Douglas Pitassi
https://www.buzzfeednews.com/article/craigsilverman/google-search-manipulation-online-reputation-expert
Con Artists
Joel Nagel the chairman, Luigi Wewege the Senior Vice President have shady pasts. Check them online. They are banned in many countries. Check them on Google.
how can I contact
I am trying to contact these bank for 7 days now. I live in brazil and they took my money.
How do I contact them from Brazil. It frustrating
Very poor service
We are trying to get our money back since Aug 2019. Gave enough notice but they keep on asking for more proof. The service agent was changed 5 times and still not sure if they will return the deposits.
Is anyone able to get back their deposits lately?
Sounds great, but....
Let's be fair about this. All of the above sounds entirely reasonable. So giving the benefit of the doubt let's just ask some reasonable questions;
1. If Caye Bank is, in fact, an international bank, why is it not a member of SWIFT?
2. If Caye Bank is routinely processing wire transactions for clients and is in good standing with the banking community why then;
- did it notify all clients late last year that all incoming and outgoing wire transfer services were suspended?
- did it lie to clients thereafter saying they had secured a new correspondent bank when in fact they had only set up a corporate account with a money exchange operation which was not a corresdpondent bank and in fact later the money exchange operation terminated the relationship with Caye Bank?
- did Caye Bank, an international bank (as the advertising goes) then inform clients that they were using a small community bank in Iowa as their correspondent bank?
- And why then did that small community bank later then terminate its relationship with Caye Bank?
- And again, then Caye Bank tries the same thing with a small farming community bank in Kansas?
- And again, then why did that bank reject further relations with Caye Bank?
3. Why has this client been shunned and refused all attempted forms of communication he tried to make for six months?
4. Why did Caye Bank ignore the plight of this client and only respond after this public complaint was filed?
5. Why has Caye Bank refused to engage in discussion with this client about several offered means of alternative resolutions which have been ignored?
The above questions are reasonable. Caye Bank will not answer and does not have an answer because they expose the fact that the response they give above as being absolute bullshit.
Had Caye Bank truly valued its client and acted in good faith from the beginning, none of this dirty laundry would need to be aired in public. Once again their PR sounds great but this case proves it all to be a sham. The handling of this is a good indicator of the type of management they have.
Caveat Emptor!