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The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published a "Warning Notice" (Issue No. 90) stating that First Nation Global Sovereign Trust, also operating as Fox Bank, appears to be engaged in unauthorized deposit-taking or other financial activity. The Warning Notice advises the public that First Nation Global Sovereign Trust and Fox Bank are neither authorized banks in Canada nor are they federally regulated financial institutions of Canada. This Warning Notice can be found at: http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_90_e.pdf.
The Warning Notice also states that in February 2010, the California Department of Financial Institutions issued a warning about Fox Bank that can be found at http://www.dfi.ca.gov/notices/2010/030810b.asp.
The FDIC does not have any information about this matter other than what is posted to the OSFI Web site. Therefore, any information you have concerning this matter should be brought to the attention of the following authorities:
Canadian Anti-Fraud Centre:
Information about counterfeit items, cyber-fraud incidents, and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 3501 North Fairfax Drive, CH-11034, Arlington, Virginia 22226, or transmitted electronically to firstname.lastname@example.org. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.
For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/SpecialAlert/2011/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.
Distribution: FDIC-Supervised Banks (Commercial and Savings)
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