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HomeAll NewsMost read newsBusiness Leaders Biography
Portrait de Alan Rappaport
Age : 68
Public asset : 16,409,714 USD
Country of residence : Unknown
Linked companies : Victory Capital Holdings, Inc. - Pimco Dynamic Income Opportunities Fund - PIMCO Corporate & Income Opportunity Fund - Virtus Dividend, Interest & Premium Strategy Fund - PIMCO Municipal Income Fund II - PIMCO High Income Fund - PIMCO Income Strategy Fund II - PIMCO Corporate & Income Strategy Fund - PIMCO Energy and Tactical Credit Opportunities Fund - Virtus AllianzGI Convertible & Income Fund - PIMCO Municipal Income Fund III - Virtus AllianzGI Convertible & Income Fund II - PIMCO Municipal Income Fund - PIMCO Income Strategy Fund - PIMCO California Municipal Income Fund - PIMCO Strategic Income Fund, Inc. - PIMCO California Municipal Income Fund II - PIMCO California Municipal Income Fund III - PCM Fund Inc. - PIMCO New York Municipal Income Fund II - PIMCO Global StocksPLUS & Income Fund - PIMCO New York Municipal Income Fund - PIMCO New York Municipal Income Fund III - Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund - AllianzGI Convertible & Income 2024 Target Term Fund - PIMCO Income Opportunity Fund - AllianzGI Equity & Convertible Income Fund - PIMCO Dynamic Income Fund - AllianzGI Diversified Income & Convertible Fund - PIMCO Dynamic Credit and Mortgage Income Fund

Biography of Alan Rappaport 
Baruch "Bruce" Rappaport (February 15, 1922 – January 8, 2010) was an international banker and financier.

Swiss American Bank
In April 1983, Rappaport formed Swiss American Bank Ltd., later renamed Global Bank of Commerce, Ltd., and became the first licensed bank in Antigua governed by the International Business Corporations (IBC) Act of 1982 .

The bank was later sued by the United States for failure to release forfeited funds from one of its account holders. The lawsuit stemmed from a plea agreement with John E. Fitzgerald, who admitted to laundering $7,000,000 through numerous shell corporations and eventually deposited the funds in Swiss American Bank. Swiss American Bank, instead of returning the money to the United States Government, paid $5 million to the government of Antigua and Barbuda and deposited $880,000 into a bank account held at the Bank of Bermuda. Lester Bird, the former Prime Minister of Antigua, later told the US government, "We can't get you the records, they were destroyed in the hurricane".

On March 1, 2006, the government of Antigua and Barbuda brought legal action against its former prime minister Lester Bird, Bruce Rappaport, and other defendants. The cable states,
cquote|Although with a marked pro-Lester Bird bias, Sanders provided some valuable insight into the situation in Antigua and throughout the Caribbean. As a cautionary note, Sanders is linked to a bank under investigation. He used to be Chairman of Swiss/Israeli businessman Bruce Rappaport's Swiss American Banking Group in Antigua. Rappaport and the bank are at the center of a corruption probe that the new Antiguan government is conducting into the Lester Bird regime. Post will keep in contact with Sanders.

West Indies Oil Company (WIOC)
In 1980, a Rappaport controlled company by the name of National Petroleum Ltd purchased 440,000 shares of the West Indies Oil Company (WIOC) for $6,000,000 from the country of Antigua. The deal was negotiated by the former prime minister of Antigua, Lester Bird.

On May 30, 2010, the government of Antigua and Barbuda, using a $68 million loan from the Venezuelan firm, PDVSA, repurchased all of the shares to WOIC from National Petroleum Ltd

Rappaport provided the financing, and the land on Antigua, for the melon farm that was used to funnel the weapons from Israel to Colombia via Antigua.

Source @ Wikipedia



Current positions of Alan Rappaport 
Holdings of Alan Rappaport 
Alan Rappaport : Personal Network 
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