PGHIMC - Pittsburgh Independent Media Center

Regis Possino, Peoples Building in Pittsburgh
by Dr. Alexander von Paleske Sunday, May. 21, 2006 at 4:38 AM
avpaleske@botsnet.bw (email address validated) Princess Marina Hospital, Gaborone/Botswana

Peoples Building in Pittsburgh, Geneva Equities and the more than cpolourful past of Regis Possino

McKeesport's Peoples Building in Pittsburgh is owned by Geneva Equities.
The force behind this American company is Regis Possino and he has talked about donating the building to a New Mexico charity, Rio Grande Studios.

Who is Regis Possino?

He is a man with more than a colourful past.


Just a quick rerun of his stressful life.

- in 1978 imprisoned for one year for trying to sell $38.500 worth of marijuana to L.A. undercover cops

- trying to place a monthly oder for $ 680.000 worth of cocaine with the same officers

- trying to sell $ 5 million stolen treasury bills

- undergoing a $ 12 million personal bancruptcy

- interfering with a witness in his marijuana trial leading to his imprisonment for the rest of his trial.

- disbarred as a state lawyer in Cal. in 1984.

- In 1996 pleaded guilty in a L.A. federal court to participating in a fraudulent scheme.

- Joining in 2000 Adnan Khashoggi, Rakesh Saxena and the US- convicted criminals Sherman Mazur and Raoul Berthamieu to allegedly convert the General Commerce Bank in Vienna/Austria into a centre of international stock fraud. The damage, according to press reports, 1 billion US Dollars.


He has just collected 28 million US Dollars in Asia for his company Geneva Equities.

Plans for the future:

Staging another Road Show for his L.A. based Geneva Equities in June/July 2006 in Asia bringing with him a range of new companies looking to tap into the Asian Financial Sector.

I do believe, that this is somebody, Pittsburgh can do without.


Dr. Alexander von Paleske
Head, Department of Oncology
Princess Marina Hospital
Gaborone/Botswana
Ex-Barrister-at-Law, High Court Frankfurt (M), Germany