Editing Castle Bank & Trust (section)

==Legal Fallout and Bank Collapse==
Burton Kanter faced trial in 1977 for tax evasion related to a Reno, Nevada hotel sale involving a Castle Bank account but was acquitted. His law partner, Roger Baskes, was convicted in the same case, and another partner, Calvin Eisenberg, was convicted in 1982 for advising on false tax returns tied to the bank. Castle Bank collapsed in 1977, with operations in the Bahamas and Cayman Islands shuttered amid the IRS probe and financial instability. By this time, the bank had reportedly managed $25.1 billion in assets, much of it untraceable, leading to significant losses for clients like Creedence Clearwater Revival. The CIA reportedly shifted its covert funding to other institutions, such as the Nugan Hand Bank in Australia, which was similarly linked to CIA operatives.