World Surveillance Group Inc (fka WSGI)

[guy6]

Comment on "unregistered Internet bank":


Quote from the NYP piece:

<...Rubikon Partners looks to be not much more than a one-office outfit running what U.K. authorities say is an
unregistered Internet bank that investors should avoid.>

A Google search for "Rubikon Partners" gave a few pages of results. Hit #6, on the first page, yielded
"Unauthorized Internet Banks"
http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/internet.shtml

Quote from opening paragraph of above link:
<This list contains the names of entities promoting themselves over the internet and purporting to be banks and/or offering banking-type services, however none are authorised by the FSA. Consumers who deal with these entities should exercise caution as they will not get the benefit of the UK compensation and complaints schemes if anything goes wrong or if they have any complaints.>


Comments:

(1) The author of the NYP piece most likely Googled "Rubikon Partners" as well. It's easy to see why this caught his eye, and he didn't really have to dig very hard for it.

(2) Some of the institutions on the list certainly sound like banks, and for them it would be a bit of a red flag for them to not be authorized, as per the quoted warning. However, Rubicon Partners is clearly in a different category.

(3) The quoted warning is generic. No specific censure of Rubikon Partners is implied.


- guy6