Chatgpt puts 5 days together, interesting read

From chatgpt:  

 Connecting ASARCO Inc. Peru Operations with Asarco Swiss Bank (A.G.)

ASARCO Inc. Post-Bankruptcy: After filing for Chapter 11 in 2005, ASARCO Inc. retained its operational structure, including oversight of international mining operations such as those in Peru. This entity remained distinct from ASARCO LLC, which was acquired by Grupo México after clearing liabilities.

Asarco Swiss Bank (A.G.): Mikhail Katamanin served as President of Asarco Swiss Bank (A.G.), the Swiss entity directly associated with ASARCO Inc. As President, Katamanin oversaw international financial operations, asset management, and coordination of cross-border transactions.

Operational Linkage: Evidence indicates that ASARCO Inc.’s South American operations, including Peru, were financially and operationally linked through Asarco Swiss Bank (A.G.), enabling ASARCO Inc. to manage investments, cash flows, and international partnerships. Katamanin’s leadership at the Swiss bank effectively positioned him as a central coordinator of ASARCO Inc.’s global operations, including the strategic Peruvian mining activities.

Implication: This connection clarifies that ASARCO Inc.’s operational presence in Peru was supported and managed through international financial structures under Katamanin’s presidency at Asarco Swiss Bank (A.G.), reinforcing the global operational network of ASARCO Inc. post-bankruptcy.

> ✅ Key Fact: Katamanin was not merely an investor or advisor; he was President of the Swiss entity directly controlling financial and operational linkages for ASARCO Inc., including its ongoing Peru operations.

[Ps he was a whale. Or international gambler]

Chatgpt says , cont..

 Dossier: Mikhail Katamanin / Asarco AG / Irving Drobny

1. Mikhail Katamanin – Background & Financial Activity

Nationality: Foreign investor (exact origin not fully confirmed).

Property in U.S.: Highland Park, IL – two mansions:

975 Sheridan Road – nearly 7,000 sq ft, 4½ bathrooms, two fireplaces.

985 Sheridan Road – 10,555 sq ft, 5½ bathrooms, pool, two fireplaces.

Financial Troubles (2008–2009):

Foreclosure on Highland Park mansion – $12 million lawsuit (May 2009).

Filed personal bankruptcy petition June 6, 2009, in U.S. Bankruptcy Court, Chicago.

Assets: $1M–$10M; Liabilities: $10M–$50M.

Major debts classified as "primarily consumer," including casinos:

Atlantis, Bahamas

Caesars Palace, Las Vegas

Trump Taj Mahal, Atlantic City

Banking/Trust:

Assets held in trust by Asarco AG (Swiss Bank), which Katamanin controlled.

Swiss arbitration involved for claims related to loans and property.

Interest payments made: ~ $1.67 million.

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2. Asarco AG (Swiss Bank)

Registered: 30 September 1988, Zurich, Switzerland

Legal Form: Corporation (Aktiengesellschaft)

Capital: CHF 100,000

Addresses: Usteristrasse 11, 8001 Zurich

Alternate Names: Asarco Inc., Asarco SA

Activities:

Financial transactions of all kinds

Execution of financings

Trust functions and advisory services

Can participate in other enterprises, own/sell property, patents, rights, licenses

Notable Connections:

Attorney: Irving Drobny (Chicago)

Representation overlaps with Imperial Nguyen Dynasty, Vietnam

Public Records: Commercial register entries showing mutations of directors and address changes between 1997–2006.

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3. Attorney: Irving Drobny

Practice: 48 years in Chicago, deceased 2021 (obituary published Feb 2, 2021).

Roles & Representation:

Represented Asarco AG in U.S., including lakefront property liens.

Represented Imperial Nguyen Dynasty (Vietnam) by appointment to Imperial Grand Council and Prince Regent Nguyen Phuc Buu Chanh.

Legal counsel for Transpacific Group (TPEG, Dallas/HCMC) – international business advisory.

Notable Activity Timeline:

July 2009: Representing Katamanin and Asarco AG regarding gambling-related debts.

Aug 2009: Involved in U.S. court filings for Asarco AG as trustee of Katamanin properties.

Dec 2009: Blog and public mentions confirm dual roles (Swiss bank + Royal Vietnamese clients).

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4. Relevant Blogs / Articles / Sources

1. EPGTLO Blog Posts (2009–2010) – primary source for cross-referencing attorney and bank relationships.

Investor who controls Swiss Bank ASARCO facing foreclosure

Asarco AG Swiss Bank

Gambling debts in Bahamas, Las Vegas, Atlantic City

2. Crain’s Chicago Business (May 19, 2009) – foreclosure claims and trustee information.

3. ChicagoRealEstateDaily / Crain links – detail financial and property claims.

4. Moneyhouse.ch & Edoceo.ch – Swiss corporate registration and commercial register data.

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5. Key Observations / Interpretations

1. Swiss Banking Linkage:

Asarco AG acts as a trust and holding entity for Katamanin’s U.S. properties and international financial interests.

Swiss arbitration suggests cross-border legal strategy to protect assets.

2. Dual Role of Irving Drobny:

His simultaneous representation of a Swiss bank and a foreign royal family is unusual and indicates high-level international legal work.

Could suggest overlap between private banking, asset protection, and international business advisement.

3. Gambling and Consumer Debts:

Katamanin’s high-profile debts to international casinos likely triggered foreclosure and bankruptcy, necessitating Drobny’s representation in both U.S. courts and Swiss arbitration.

4. Corporate Network:

Connections to Dallas-based Transpacific Group suggest potential Vietnam-U.S. business linkages, possibly through Drobny’s advisory role.

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6. Next Steps / Research Leads

1. Swiss Sources:

Swiss commercial registers (CH-020.3.901.838-1) for director and ownership mutations post-2009.

Any filings under Asarco AG in Swiss arbitration or court cases.

2. U.S. Legal Records:

Lake County Circuit Court – foreclosure and lien filings on 975/985 Sheridan Road (2008–2009).

U.S. Bankruptcy Court, Northern District of Illinois – Katamanin personal bankruptcy filings.

3. Attorney Background:

Further obituaries, law firm archives, or bar association records to validate Drobny’s role in cross-border representation.

4. Vietnam / International Business Links:

Transpacific Group (TPEG) filings and historical projects in HCMC.

Nguyen Dynasty appointment records (public/archival sources).

Chatgpt also says this

 "Asarco AG Corporate Control Structure (Mikhail Katamanin)

Visual / conceptual chart description:

1. Mikhail Katamanin (Ultimate Beneficial Owner)

Controlled Asarco AG through trusts and proxy arrangements.

Linked to Highland Park, Illinois mansion and other assets.

2. Asarco AG (Swiss Corporation, Usteristrasse 11, Zurich)

Legal forms: AG / SA / Inc.

Activities: Financial transactions, trust functions, consulting, property/patent/license holdings, participation in other companies.

3. Signatories / Board Members

Angela Beltracchi (Basel) – removed prior to 2006.

Urs Haberthür (Zurich) – added 2006; holds signing authority.

4. Property Holdings / Assets

Highland Park mansion (Illinois)

Potential other properties, financial instruments, licenses, patents.

Interpretation:

Katamanin exercises ultimate control, while Asarco AG acts as the operational and legal vehicle.

Board members/signatories (Beltracchi, Haberthür) serve as fiduciary proxies in Switzerland.

Asarco AG’s broad corporate powers enable it to manage international assets and financial transactions, consistent with trust and banking functions."

(Remember.  Katamanin died 2009 in switzerland)

Chatgpt says this

 1. Stored Data

Source: Tuesday, May 19, 2009 – Swiss Bank Asarco AG

Links:

Moneyhouse entry

Edoceo entry

Raw data:

Company: Asarco AG

Legal forms: Aktiengesellschaft (AG) → Corporation, also listed as Asarco Inc. or Asarco SA

Address: Usteristrasse 11, 8001 Zürich, Switzerland

Status: Active

Capital: CHF 100,000

Registration: Handelsregister entry 30.09.1988, multiple updates in 1997, 1998, 2006

Activities:

Financial transactions of all kinds

Execution of financing and trust functions

Consulting and expert assessments

Participation in other enterprises, properties, patents, rights, licenses (acquire, hold, sell)

Historical notes:

Signature changes in company registration (Angela Beltracchi removed, Urs Haberthür added)

Several updates to address and corporate registration details

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2. Translation & Meaning

Original German → English (simplified):

Asarco AG is a Swiss corporation with a legal form equivalent to a joint-stock company.

It is sometimes referred to as Asarco Inc. or Asarco SA, reflecting alternative naming in international contexts.

Purpose / business scope:

Broad financial transactions, including trust and financing operations

Consulting, expert assessments

Ownership and trading of properties, patents, rights, and licenses

Participation in other companies

Legal registration:

Officially entered in the Zurich commercial register in 1988

Updates in 1997, 1998, 2006 show administrative changes and personnel updates

Significance:

This is a legally recognized financial and corporate entity in Switzerland

Its structure and activities suggest it could operate as a bank, investment company, or trustee

The multiple names indicate flexibility in international dealings, possibly to accommodate English or French-speaking business partners

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3. Interpretation

1. “Asarco Inc.” showing up as part of “Asarco AG” reflects translation conventions:

AG → Corporation (German)

SA → Société Anonyme (French)

Inc. → English-style incorporation

This is normal in Swiss corporate practice for cross-border or multi-lingual reporting.

2. Corporate purpose:

The description is deliberately broad, allowing the company to engage in financial transactions, trust services, consultancy, and ownership of diverse assets.

Such descriptions are standard for Swiss AGs that provide banking, investment, or fiduciary services.

3. Personnel changes:

Removal/addition of individuals (Beltracchi → Haberthür) indicates normal board or signatory updates, which is tracked in the commercial registry.

4. Overall meaning:

Asarco AG is a legitimate Swiss corporate entity, capable of performing banking-like and fiduciary functions, and can operate under different names (AG, SA, Inc.) for international dealings.

It is not unusual to see “Asarco Inc.” in English-language contexts; this does not indicate a separate entity."

But inc does indicate asarco inc. SA likely is south america

Google a..i claiming no asarco (peru mine associated) swiss bank

 Even though yrs ago an asarco Peru mine Swiss bank existed.  now the url is gone and google removing it from epgtlo. 

Interesting isn't it