Warehouse bank

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A warehouse bank account is a bank account at a regular commercial bank in which all clients’ funds are commingled or pooled, for the purpose of concealing the client’s ownership of the funds. [1] [2]

[edit] See also

[edit] References

  1. ^ Scheme Involved Nevada Corporations, Bogus Insurance And Consulting Expenses, “Warehouse Bank,” And Offshore Credit Cards
  2. ^ Federal Court in Seattle Permanently Shuts Down “Warehouse Bank” Tax Defier Operation with $28 Million in Deposits over Four Years
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