MARKET SCAMS

[thepennyking]

Alert 2004-10
OCC Alert
Subject: Unauthorized Banking
Description: Investment Bank of
Austria-Fictitious Internet Bank
Date: March 30, 2004

TO: Chief Executive Officers of All
National Banks; All State Banking Authorities;
Chairman, Board of Governors of the Federal
Reserve System; Chairman, Federal Deposit
Insurance Corporation; Conference of State
Bank Supervisors; Deputy Comptrollers (districts);
Assistant Deputy Comptrollers; District
Counsel and Examining Personnel

RE: Investment Bank of Austria, Levasseurgasse 5,
1230 Wien/Vienna, Austria
www.inv-banking.com

The Office of the Comptroller of the Currency (OCC)
has been advised by the Finanzmarktaufsicht-Financial
Market Authority of Austria (FMA) that the Investment
Bank of Austria has not been granted a banking license
by Austrian authorities, and the entity is not
authorized to conduct banking business in Austria.
The FMA also states that the company is not located
at the listed address or any other known location in
Austria. The contact information listed on the subject
entity's Web site contains a street address in St. Paul,
Minnesota, and lists nonworking telephone and facsimile
numbers.

Please be advised that neither the OCC nor the state of
Minnesota has authorized the subject entity to operate
as a bank or federal branch in the United States.

Any information that you may have concerning this matter
should be brought to the attention of the:
Mail: Finanzmarktaufsicht
Praterstrasse 23
A-1020 Vienna, Austria
Fax: [phone]
Internet: www.fma.gv.at
and
Mail: Office of the Comptroller of the Currency
Enforcement & Compliance Division, MS 8-10
250 E Street, SW, Washington, DC 20219
Fax: [phone]
Internet: http://www.occ.treas.gov
E-mail: [e-mail]