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Stroll Received Over US$19 Million; Less Than US$350,000 Remains Outstanding, Says Global Bank of Commerce
St. John’s, Antigua – April 17, 2025
Global Bank of Commerce Ltd. (GBC) has confirmed that former client Jack Stroll has already received more than US$19 million—well above his initial deposit of just under US$11 million—as part of a legal settlement, with less than US$350,000 currently outstanding.
The bank emphasized that this remaining balance, comprised of interest, represents less than 5% of the court-ordered value and has been mandated to be paid by May 16, 2025.
The statement, issued in response to what the bank described as “irresponsible” online media reports, refutes claims that “not a cent has been paid” to Stroll. GBC categorically stated that such assertions are “utterly false and deliberately malicious.”
“The Bank has paid the full value of Mr. Stroll’s original USD deposit, with agreed interest,” the release noted, adding that documented evidence submitted to the Court supports this.
Citing a confidentiality order imposed by the Court, GBC said it had previously refrained from public comment. However, it accused unnamed parties of exploiting the Bank’s silence to spread misinformation that could harm the institution’s reputation, its staff, and the broader international banking sector.
“Other parties in this have exploited the Bank’s silence to peddle misinformation and sensationalism,” the statement reads. “The Bank’s prior silence must not be mistaken for a lack of transparency.”
Global Bank of Commerce also reassured the public and its clients that it has kept the Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda informed throughout the proceedings.
Founded in 1983 as the country’s first licensed international bank, GBC reiterated its long-standing commitment to client protection, regulatory compliance, and financial integrity.
The Bank concluded by condemning the spread of “unverified and inaccurate information” and called on media outlets to exercise greater responsibility in reporting, particularly when public confidence in financial institutions is at stake.
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Why would he have received more than what he deposited? This doesn’t even make sense.
It is called interest. Ever heard of it? He negotiated a high interest and the bank needed the money. The bank’s problem has always been that Stuart-Young is not a banker and has no financial training. So he was easily taken in by a fast talking Canadian tax dodger.
Spinning tap in mud. Why is there a court order to make payment by 16th May? It’s simply because there is a balance of $350,000.00. You dragged this issue for too long and now your ego is scratched, you crying foul. Pay the man his money and see if you can get back on the trail.
Filled your head with knowledge before you opened your mouth.
Have your heard of something called interest? He apparently negotiated a special interest rate because of the amount of the deposit. And Brian Stuart-Young is a businessman and not a banker. He knows nothing about banking so he was an easy push over.
So if this was true, why would the judge rule against the bank? This article is bogus. Antigua people buy into this shit propaganda?
Why would story interest the Prime Minister to the extent that he post it on his facebook page? Mr. Prime Minister WHAT IS YOUR INTEREST IN ALL OF THIS? I can remember you saying that Stroll is GREEDY he get so much money already and he still want more. How can a man be GREEDY for his own money? Again I ask WHAT IS YOUR INTEREST IN ALL OF THIS?
@Antiguablack, I love how you think this is bogus but you believe all the other propaganda.
It is amazing the total lack of common sense on display here. What is the difference between a businessman and a banker? Both are in their businesses to make money. With that kind of money Stoll deposited it is safe to say that he would have wanted a good return on his investment. The bank had to make money as well on what they loan out.
The real problem here is that somebody clearly drove the story in public and that person is clearly a lair. “the bank is not paying back the $10 million”. if that was so then they would not be business. The biggest mistake the bank made was not getting their side of the story out earlier. I for one am happy the bank is now fighting back the lies but regardless of how we may feel about banks, this bank did do a lot of good for the country.
My wish is that the same bank and Stuart Young sue whoever put out the lies for $19 million in defamation.
Now that would be funny.
@amazing bogus stories and propaganda is what we live for in today’s world. sad when you think about it.