Signature Bank

Thread @mopeng “Ivanka was on the board of Signature Bank (SB) until 2013. Attended 10 board mtgs. SB provided loans to Trump’s Florida golf course, Michael Cohen, Jared and Charles Kushner. Scott Shay Ch’man of SB since inception. Shay was a director of Bank Hapoalim, SB’s former parent co.

Signature Bank President and Chief Executive Officer Joseph J. DePaolo: “Ivanka is a perfect fit in that her creativity, capabilities and track record in today’s digital-based marketplace reflect an important segment of our clientele”.…

Lender liability How culpable are banks when their borrowers push out rent-stabilized tenants? The Real Deal By Will Parker | July 01, 2017

Kathryn A, Byrne, a Signature Bank board member, is a partner w/CPA firm, Mazars US. Donald Bender, another Mazars partner, has managed all of the Trump family & Trump Org tax & auditing business since the ’80s.” February 25, 2019

“Ivanka’s long time jewelry biz partner & close friend, Moshe Lax, maintained accounts at Signature Bank. Lax is currently being sued by the DOJ for non-payment of $60 million in taxes & has been the target of numerous lawsuits alleging fraud. The fact that former Senator Alfonse D’Amato was on the Signature Bank board is a red flag for anyone w/any political savvy in NY.” (@mrspanstreppon) February 25, 2019

Not ‘JPM Coin’, Signature Bank is First To Enter Crypto With Regulated Private Ethereum Platform CoinGape Tabassum Altcoin News February 23, 2019 “JP Morgan is Late in the Party – Signature Bank is the First Bank The latest report from Forbes media highlighted that the 40th largest bank in the United State, ‘Signature Bank’ had already begun ‘private Ethereum Platform’ in late December 2018. However, the JPM Coin’s launch on mainstream headlines appeared on Feb 14, 2019.”

Signature Bank Sued Over Connection to Ponzi Scheme NY Times By Liz Moyer February 23, 2016 “In a lawsuit in a Florida state court, the investors are suing Signature, accusing it of helping the money manager pull off his Ponzi scheme by ordering him to shift money around the dozens of accounts he kept at the bank to cover long-term overdrafts. The cozy relationship Signature had with the money manager and his now-bankrupt investment firm helped advance the scheme, according to the lawsuit. William Landberg, the money manager at the heart of the scheme, has already completed his sentence after pleading guilty in 2011, but the investors say they still have not recovered their money. Mr. Landberg’s firm, West End Financial Advisors, filed for bankruptcy in 2011.” h/t @ropebelt

Signature Bank Unveils Proprietary Digital Payments Platform, Signet™ Partners with trueDigital Holdings, LLC to Offer Real-Time, Secure Payments Platform for Commercial Clients; Signet Approved by New York State Department of Financial Services NEW YORK–(BUSINESS WIRE)–Dec. 4, 2018– Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today the unveiling of a new digital payments platform, Signet™, designed to enable real-time payments for its commercial clients. Signature Bank is partnering with trueDigital Holdings, LLC, a New York-based blockchain-based infrastructure, exchange and settlement technology company, providing solutions for traditional and emerging financial markets. The Signet Platform will leverage blockchain technology in its architecture, allowing Signature Bank’s commercial clients to make payments in U.S. dollars 24 hours a day, seven days a week, 365 days a year. The Signet Platform will be open to all commercial clients effective January 1, 2019 at 12:01 A.M. Eastern Time.”
[MADE MILLIONS BY TRICK IN EXCHANGE Charles Ponzi Admits $8,500,000 Profit in a Few Months, but Has to Stop Now.PAID 50% ON 45-DAY LOANSBought Foreign Money, Shippedit and Got Back Doublein Postal Notes. BOSTON, July 26, 1920 —”A bar was placed today on the rush of people to give their money to Charles Ponzi, head of the Securities Exchange Company, on his promise to repay their investment with 50 per cent. profit in forty-five days.”]
THE HARDER THEY FALL: THE DEMISE OF ISRAEL’S TYCOONS Jerusalem Post Billionaire Nochi Dankner’s collapse underscores the demise of a whole class of tycoons and the end of an economic era. BY AMOTZ ASA-EL FEBRUARY 4, 2017
@mopeng “Going back to Bank Hapoalim, 62-year-old Nochi Dankner was sentenced December 5 2016 to two years in jail and an 800,000 shekel fine for stock manipulation, after having been previously forced out of IDB Development ‒ the holding company that, during his 10-year chairmanship, slid from a $10 billion market value to the brink of insolvency. His cousin, Danny Dankner, the former chairman of Bank Hapoalim, is also a fallen tycoon. Besides falling financially, both also have been implicated legally.”