Kenneth Farrugia, Bank of Valletta

The Doctor

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From: "Kenneth Farrugia" <>
Date: Tue, 22 Oct 2019 1


Is this email still active?

I've got some very important business proposal which I believe will be beneficial to you and I to share.

Kenneth Farrugia


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From: Kenneth Farrugia <>
Date: Wed, 22 Jan 2020
Subject: Re: Re

Greetings from Malta.

I thank you for your reply. I apologize for writing you without your consent. I believe you are a highly respected personality, considering the fact that I sourced your contact details from the peoples search database on the web during my descry search for a competent foreign partner whom can assist me in executing this project successfully. Although, I do not know to what extent you are familiar with events, I have a discreet proposal for you. This however is not mandatory nor will I in any manner compel you to honor against your will, but I hope you will read on and consider my offer.

I'm Mr. Kenneth Farrugia, Chief Business Development Officer, Bank of Valletta Plc, BOV Centre Canon Road, St. Venera SVR 9030, Malta. Before the death of my client “Mr. Andrzej Kremer” on 10th April, 2010, he made a numbered fixed deposit in our bank on 17th February, 2010 for 24 calendar months with a value of US$18,000,000.00 (Eighteen Million US Dollars Only). After his death, my bank discovered that Mr. Andrzej Kremer did not declare any next of kin of his official documents including the paper work of his fixed deposit. I was his personal relationship banker for years, and he did confide in me the last time he was at my office that no one knew of this deposit in my bank. So, US$18,043,200.00 including accrued interest is still lying in my bank, and no one will ever come forward to claim it. What bothers me most is that according to the laws of Malta, if the deposit account remain inactive for the ten years, and no existing next of kin shows up, then the balance would be turned over to the Central Bank of Malta and such balances are transferred to the Central Bank of Malta at the tenth year. This is the tenth year, and balances are due for transfer to the Central Bank of Malta anytime from now. However, this will not happen if I eventually have my way.

For more details about my late client you can visit the websites below for your perusal:

Against this backdrop, my suggestion to you is that I will like you as a foreigner to stand as the next of kin/beneficiary of Mr. Andrzej Kremer, so that you will be able to claim the funds in question, and invest same in your region to avoid the confiscation of the said funds by the authorities and returned to the treasury of the Central Bank of Malta as unclaimed proceeds of trade and deposit from my late customer. Bank of Valletta mode of operation must comply with the banking law of Malta & such proceeds are conferred to the government’s treasury if all effort to find heirs, next of kin or members of the deceased’s family proves abortive in all ways during the specified period required by law to find a beneficiary to the funds. However, this law is unjust and inhuman as it often creates avenues for a selected few top officials to divert such fortunes for their own selfish use at the expiration of the ten years waiting period. On this note, I decided to search for you since you are a foreigner. Only a foreigner can claim these funds since locating my late customers relative has proved abortive as he did not officially declare any next of kin or beneficiary to the funds. In few months from now, these funds would have been gone so please let us act fast.

I want you to know that I have had everything planned out carefully to achieve success. I have contacted a Will & Probate Attorney that will prepare the necessary legal documents that will back you up as the next of kin/business associate of Mr. Andrzej Kremer. All that is required from you is to furnish me with your valid data’s so that my hired attorney would file in for claims on your behalf and secure the necessary approval and letter of probate in your favor for the movement of the entire funds to a suitable finance company or numbered account that will be opened by you.

There is no risk involved at all in this matter as we are going to adopt a legalized method and the attorney will prepare all necessary legal documents that would empower you as the rightful heir to receive the funds in your names. Please endeavor to observe utmost discretion in all matters concerning this project. Once the funds have been re-profiled and transferred to your designated bank account, we shall share in the ratio of 70% for me and 30% for you. Should you be interested, kindly get back to me with the below info:

(i) Your Full Names.
(ii) Residential Address.
(iii) Tel/Cell Phone number.

Please endeavour to observe utmost discretion in all matters concerning this project. If my offer is of no appeal to you, delete this message and forget I ever contacted you. Do not destroy my career because you do not approve of my proposal. You may not know this, but people like me who have made tidy sums out of comparable situations run the private banking sector. I send you this email not without a measure of fear as to what the consequences, but I know within me that nothing ventured is nothing gained and that success and riches never come easy or a platter of gold. I am not a criminal by what I do; I do not find it against good conscience.

Like I said, I am the only one who knows of this situation. Good fortune has blessed you with a name that has planted you into the centre of relevance in my life. If you find yourself able to work with me, kindly contact me back with the requested details above. If you give me positive signal, I shall initiate this process towards a swift conclusion.

Please reply soon. Thank you.

Best wishes,
Mr. Kenneth Farrugia.


New Member
I have an ID card Malta
and a document Malta

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From: Kenneth Farrugia <>
Date: Fri, 24 Jan 2020
Subject: Re: Re


I am in receipt of your email, thank you for your response and your interest in this transaction. I want to believe you have read my previous email carefully; you will understand that I cannot execute this project by myself or with the help of my family relative or friends because it could be easily traced back to me, that is why I need you as a competent foreign partner to assist me in re-profiling the funds in question. I presume you may have some concerns, as I earlier advised, the deceased Mr Andrzej Kremer did not indicate any next of kin at the time of officially filing in the fixed deposit; the only explanation would be that the funds were politically obtained. This is very common with politicians. We discover several cases like this year in, year out during audit, and once claim is filed for by a relative or business associate, and the documentations are verified by my bank to be legit, the funds are released accordingly to the beneficiary; that chapter is closed, and there is no further investigation on that case. The legal paper works will be prepared in your name posing you as the sole beneficiary/next of kin of the entire funds (note that next of kin does not only mean blood relatives, it can be anyone indicated at the time of officially filing documents supported with a lasting power of attorney). In this case, as you are of distant ethnicity, the necessary legal documentations will be prepared enabling you file for claims of the entire funds as a proven associate of Mr Andrzej Kremer. Naturally, I have chosen to re-profile this particular case because I have studied it carefully for a long time and I am 100% certain it can be executed successfully. As an executive banker with vast experience, I know exactly what I am doing, and thus very well informed of all the hitches with cases like this. I have also hired the services of a reputable attorney with expertise in the field of Will & Probate, so I can guarantee you that you have absolutely nothing to worry about, because we shall never encounter any problems with the law, as all our actions shall pass through the laws of international banking, you have my word.

Before we proceed any further, I will like to strongly point out the sensitive and confidential nature of this transaction. Hence, I will only be able to meet with you at the conclusion of our project in a neutral country, which means not your country or my country. More so, I do not need you to furnish data about Mr. Kremer, everything I need to consummate this transaction I already have been gathering them for several years, so I have all that is needed to re-profile the estate successfully. Your physical presence is not needed, all that I need from you is your valid data, and also sign and return the power of attorney which I will send to you later, so that my attorney can act legally on your behalf.

To move to the next stage, I will need you to confirm your mailing address, and also provide a scanned copy of any legal form of identification (Driver license or International Passport). I need to be sure that I am transacting with the correct person. As soon as I get these from you, I will forward your data to my hired attorney to commence the necessary legal paper works. I shall perfect all necessary legal documentations with the expertise of my hired Attorney to give the transaction the legal right. The attorney shall work towards procuring all the necessary paperwork together with the letter of probate which will be issued in your favor; which will make you the bona-fide owner of the funds. Find attached a scanned copy of the certificate of deposit issued to Mr Kremer at the time of deposit for your perusal.

I would like to welcome this business relationship with a brief introduction of myself:

I started my banking career with Bank of Valletta (BOV) in 1985 and I have occupied key positions with Bank of Valletta. I have contributed immensely in the improvement of the Bank's market position, and the achievement of financial growth which includes long-term strategic business goals, key customer relationships, business opportunities and monitoring of current market conditions.

During these years, I can confidently say that I have contributed in the financial growth of BOV.
I was the Head of Private Banking Services (BOV) - 2012.
I was the chairman of Malita Investments PLC - 2011.
Chairman, Finance Malta - 2009.
Director, Valletta Fund Management - 2006.
Chairman, Malta Funds Industry Association - 2005.
Since 2014 to date, I have been holding the position as the Chief Business Development Officer, BOV.
Religion: Roman Catholic.
Family: Married to Kathleen with two children.
Address: 17B, Dingli Street, SLM 1902 Valletta, Malta.

Having resolved to entrust this transaction into your hands, I want to remind you that it needs your commitment and diligent follow up. I want us to enjoy this money in peace after we conclude this project, so you should listen to my instructions and follow them religiously. If we work seriously, the entire transaction should be over in no longer than three weeks. You should note that this project is highly capital intensive that is why I have to be very careful. I will need your total devotion and trust to see this through, I know we have not met before, but I am confident that we will be able to establish the necessary trust that we need to execute this project successfully.

Furthermore, once the funds have been successfully approved for release by my bank to you, I have marked out a secured plan on how to disburse the funds quietly from my bank. I have thoroughly investigated and chosen an offshore bank that has a very close correspondent relationship with my bank, you will need to open a numbered transit account in your name with this offshore bank. So that once the funds are released by my bank, they will be moved straight into the offshore bank account without triggering any red flags, and secured for both of us. After which you can begin to transfer our various shares in safe bits into our designated personal bank accounts.

Kindly ensure you keep this project confidential; you must not involve any third party, because of the sensitive nature of this transaction, and also my position in my bank. Our code of operation is "Partnership protection first", and I shall work ONLY in protecting you and your name, you are my partner, and it is my responsibility to protect you first before any other thing. You and I shall live a low key lifestyle, and we shall always remember, "Loose Lips Sink Ships". You and I have the capability to accomplish this project and you must rely on this, this is a sensitive project for which I am making so much commitments. I therefore insist on strict confidentiality and believe that you can be trusted with same. The need for confidentiality in all matters relating to this transaction is of great importance, as a loose lip is the element of foreseeable failure. So please take note.

Lastly, I have attached a copy of my work ID for your perusal. Kindly get back to me with the requested details, so we can begin work accordingly.

NOTE: that for security purpose, I would appreciate that you input this code: [CMD-1MT] in all email messages directed to me.