"The OITC explains, “Dr. Ray C. Dam is a person, but His Excellency Dr. Ray C. Dam is a certified and indemnified international Central Banking financial institution operating as The Office of International Treasury Control.” Further, the OITC claims it was granted “Sovereign Entity Status under the United Nations Charter Control No: 10-60847.” Among other things, the website claims that “the OITC has become the largest single owner of Home Mortgage Securities in the World today.”"
https://www.forbes.com/sites/kellyphillipserb/2019/11/12/tax-fugitive-back-in-custody-after-months-on-the-run/?sh=119121b944b9
"Mr. Dam, whose surname is misspelled Bam, remains listed as the chairman of the Office of International Treasury Control, a fraudulent organization that claims on its website to be given sovereign entity status by the U.N.
U.N. spokesman Sovanna Mann on Tuesday denied any connection between the U.N. and the company, which claims on its website to “do the greatest amount of good for the Nations and the People of the World, with the resources it has available to it.”"
https://english.cambodiadaily.com/editors-choice/panama-papers-link-justice-minister-to-fraudsters-112429/
"In December 2010, the villa was raided following an investigation ordered by Prime Minister Hun Sen. Dam and an associate named Soush Saroeun were arrested along with two foreigners. In the days that followed, Dam and Saroeun were charged with multiple counts of fraud, having forged a letter of credit from HSBC for $100 million as well as claiming to have been advisers to late Senate President Chea Sim. The two foreigners were never identified, but OITC chief of cabinet Scott fled the country shortly after the arrests."
"Meanwhile, in England, Dam and another OITC executive named David Sale were attempting to purchase ailing British car manufacturer MG Rover for $5 billion."
https://m.phnompenhpost.com/post-weekend/inside-bizarre-world-ray-c-dam
"He explained how he believed he had authority from Dr. Ray C. Dam of the Office of International Treasury Control to help address the problem of mortgage foreclosures in the United States. He met Dam during a trip to Cambodia in 2010 and said Dam appointed him to be a notary, judge and counsel for the organization."
https://www.oregonlive.com/portland/2017/04/winston_shrout_takes_witness_s.html
"The principal plaintiff in the lawsuit, Neil Keenan, claims to have been defrauded by a number of official government agencies and political figures including a little known organization called the Office of International Treasury Control (OITC), and its principal officers Dr Ray Dam (President) and David Sale (Deputy Chief of the Council for Cabinet of OITC). On the other hand, Sale claims that Keenan and his accomplices fraudulently gained possession of the bonds from the OITC. Importantly, neither of the two parties contesting ownership of the bonds dispute their validity."
http://fourwinds10.com/siterun_data/government/judicial_and_courts/news.php?q=1327170968
"The lawsuit was filed by William Mulligan Jr and Justin Gardner from Bleakley Platt and Schmidt, a reputable New York law firm."
https://exopolitics.net/Study-Paper-13.htm
Statement on Former Staff Member Karen Hudes
https://www.worldbank.org/en/news/press-release/2014/07/08/statement-former-staff-karen-hudes