Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Unbanked, Inc. d/b/a unbanked.com, Daniel Gouldman, and Ian Kane.  It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter.  It is also unlawful to use the words “bank” and/or “trust” in any entity’s name without the permission of the Department.  The Department has no record of Unbanked, Inc. and has not approved this entity or Daniel Gouldman and Ian Kane to organize a bank and/or conduct a banking business in or from Georgia.  Furthermore, the Department has not granted Unbanked, Inc. permission to use “bank” or “trust” in its name.

 

The terms of the Order include the following:

 

  • Immediately Cease and Desist from claiming to be a bank, in any form, including any internet website, marketing material, signage, correspondence, and/or legal documentation that could reach Georgia consumers.

 

  • Immediately Cease and Desist from claiming to be a bank, in any form, including any internet website, marketing material, signage, correspondence, and/or legal documentation originating from within this State.

 

  • Immediately Cease and Desist from providing any financial products or services to the citizens of Georgia by any delivery system, including the internet, while using the word “bank,” “trust,” or any derivative thereof without the written authorization of the Department pursuant to O.C.G.A. § 7-1-241, except for any services provided in connection with the return of customer funds.

 

  • Immediately Cease and Desist from providing any financial products or services from within this State by any delivery system, including the internet, while using the word “bank,” “trust,” or any derivative thereof without the written authorization of the Department pursuant to O.C.G.A. § 7-1-241, except for any services provided in connection with the return of customer funds.

 

  • Immediately Cease and Desist from engaging in the business of banking from within the State of Georgia and/or into the State of Georgia, except for any services provided in connection with the return of customer funds.

 

Contact:

 

Oscar B. Fears, III

Senior Deputy Commissioner

Phone: (770) 986-1650

Email: [email protected]

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