William Wise, Sir FrederickBallantyne and Millenium Bank SVG

William Wise

After three years on the run, William Wise who once operated Millenium Bank in St. Vincent gave up himself to US authorities .  Wise was charged with running a  Ponzi scheme that bilked investors out of more than $75 million. He  was indicted  on 12 counts of mail fraud, three counts of wire fraud and one count each of money laundering and conspiracy to commit fraud.

Vincentians may have heard the name William Wise. According to media reports, he operated Millennium Bank right here in St. Vincent but US authorities allege it was a front for a Ponzi scheme. The indictment charges that Millennium promised investors a 16 percent return on certificates of deposit, but Wise and a California woman used investors’ money to repay earlier investors and fund lavish lifestyles for themselves.

The indictment alleges that Millennium sold close to $130 million in  the fraudulent certificates of deposit between January 2004 and March  2009, and that investors lost more than $75 million.

This story appears to be one that could be likened onto the Allan Sanford Saga. Thus, many persons are quick to dismiss it as just another American capitalist whose greed got the better of him. However, there is information to suggest that the Governor General of this country, Sir Frederick Ballantyne may have been an integral part of Millenium Bank. Indeed, reports are that Wise is spilling the beans and several persons in SVG of high status and position could be called upon to account since they too have benefited from the activities of William Wise.

Vinci Kallaloo will continue to investigate and report accordingly.

11 responses to this post.

  1. Posted by Mike on November 28, 2016 at 12:37 pm

    Cornwall …lived there for a year as a kid …my father was pres of the local college …is a horrible place to live …it literally smells …like rotten eggs … Main biz is pulp …lived in 16 places growing up and Cornwall is the worse…armpit of canada

    Reply

  2. Posted by Mike doyle on November 28, 2016 at 12:32 pm

    I was a 24 year old BSc grad and I knew he was a joke …told the bank to close the account and that I had nothing to do with his bs …he is an idiot

    Reply

  3. Posted by Mike on November 28, 2016 at 12:23 pm

    Went to court with this jerk in 1985 …over TechPro …a company I founded and he defrauded …I won

    Reply

  4. Posted by Bill on October 25, 2012 at 8:48 pm

    Peter, Speaking for us, the victims, could you possibly send copies of everything you have to the Dept. of Justice, 400 Golden Gate Pky, San Francisco, California attn: Judge Chen and to our receiver in Texas ( ktlaw.com). Please, it may help us get some return on our losses. Thank you!!!

    Reply

  5. Posted by Peter on July 16, 2012 at 3:19 pm

    WILLIAM WISE is a Canadian, he is a Canadian lawyer and is still on the Bar Association list. He is not a US attorney. He resided in the US, and this was not his first run in with the US authorities, he once started a firm with the name CHASE in it and attempted to deceive investors into thinking the firm was part of the famous Chase Banking Group, I have the whole history including court proceedings on that matter.

    Its the matter of due dilligence which the GONSALVES regime fails on everytime, WILLIAM WISE was certainly not a candidate for SAINTHOOD as Gonsalves would put it.

    Reply

  6. Posted by Peter on July 16, 2012 at 3:08 pm

    I also have copy’s of all of Millenium forms and advertising package as sent out to prosective clients.

    I think there is somthing very strange about the resort that WISE built with investors money. Having spent all that money and only a small amount outstanding to the owner, why was it allowed to go back to the HADLEYS?

    Who was the Vincentian accountant that gave WISE personal advice outside of his companies remit.

    Reply

    • Posted by Sonny on August 4, 2012 at 9:04 am

      Can you send me a copy of all this package? I would very much appreciate, as a friend of mine has lost money with this company and has no longer the documents, forms and ads which has been sent to him due to an accident. Thank you.

      Reply

  7. Posted by Peter on July 16, 2012 at 3:01 pm

    Gonsalves appeared on the Millennium website almost right up to the day that WISE ran. Gonsalves recommended Millennium Bank and many investors invested because both GONSALVES and BALLENTINE gave Millennium credibility.

    I downloaded a copy of a letter signed by GONSALVES recommending the bank. I also downloaded the whole website.

    Reply

  8. Posted by Trent Tulip on July 15, 2012 at 10:44 pm

    If anyone has any photos at all, of Mr. Wise’s guests (especially at the 2008 New Year’s Eve party), please send them to vote@cogeco.ca

    There is a Cornwall (Ontario, Canada) connection to Mr. Wise, and it will be helpful to have photos of his guests from Canada, in order to recover stolen money

    Reply

  9. Posted by Jason on June 12, 2012 at 1:44 pm

    EVERYBODY SUPPOSE TO DONE KNOW THAT “BALLY” IS THE BIGGEST “DONMAN” IN VINCY FROM LONG TIME.

    Reply

  10. Posted by mrs samuel on May 20, 2012 at 10:28 am

    woo call name mr wise,bring them out in the light

    Reply

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