The U.S. Treasury Department dropped a long running case Tuesday against an attorney it said covered up the fraud that eventually led to the dissolution of a Miami bank.
A Miami lawyer at odds with the U.S. Treasury Department for alleged bank fraud and his law firm are balking at a request to produce documents tied to the investigation of financier Robert Allen Stanford.
The U.S. Treasury Department is challenging a federal judge's recommendation to drop civil charges against a former attorney accused of helping a Miami bank hide over $20 million in losses.
A financial regulator should drop its case against attorney Carlos Loumiet, who it accused of covering up the fraud that led to the dissolution of a Miami bank, an administrative law judge said Tuesday.
The U.S. Treasury Department's Office of the Comptroller of the Currency said the attorney made false statements and suppressed evidence concerning his work for defunct Hamilton Bank.