http://www.prweb.com/releases/2004/4/prweb116837.php All Press Releases for April 7, 2004
Congressman Buys Russian Bank: No Certification by House Ethics Committee Available to Public
Constituents in Western North Carolina are questioning the credibility and legality of their representative to Congress, US Rep. Charles H. Taylor (R, NC-11). 1,650 signatures on petitions were sent to the House Ethics and Judiciary Committees on September 29, 2003 seeking answers regarding bank fraud and money laundering cases surrounding Congressman Taylor’s bank.
Asheville, NC (PRWEB) April 7, 2004 –Congressman Taylor owns a bank, Blue Ridge Savings, with locations in Western North Carolina and Greer, SC that is owned (via stock) by he and his wife through their holding company, Financial Guaranty Corporation. Taylor also serves as board chairs on these organizations. In September of 2003 Blue Ridge Savings and Financial Guaranty Corporation purchased The Bank of Ivanovo of Central Russia, a.k.a Central Bank of Ivanovo, a.k.a. Commercial Bank Ivanovo, LLC. In February of 2004 Taylor announced a trade policy program linked to the SBA and US Rep. Jim DeMint, at a University of North Carolina Asheville luncheon. Yuri Ushakov, Ambassador of the Russian Federation to the United States, attended and spoke at the event.
Congressman Taylor’s assets — including real estate (Taylor has been citied as being the ‘largest landowner in WNC’) and a tree farm — have been embroiled in controversy since he became a Member of the US House of Representatives. A major financial crimes case involving Taylor’s former campaign leadership, Charles “Chig" Cagle and Hayes Martin (also BRS ex-President), resulted in convictions, but no sentences, last year.
Various financial crimes tied to Congressman Taylor, including bank fraud and money laundering in the Cagle/Martin cases, have been citied in US Court and Department of Treasury — Office of Thrift Supervision documents going back to 1991.
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