A Miami attorney is fighting the U.S. government's decision to penalize him $250,000 and keep him from representing financial institutions. The U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) accused Carlos Loumiet of making false statements and suppressing evidence about his work for the now-defunct Hamilton Bank, N.A. while working for the Greenberg Traurig law firm. According to the OCC, Loumiet "harmed the bank by concealing the crimes of the bank's chairman and CEO" in an effort to "steer" approximately $1.6 million in fees to his firm after Hamilton Bank hired Greenberg Traurig in 2000 to investigate...
The U.S. Treasury must pay hundreds of thousands of dollars in legal fees to an attorney it accused of covering up a fraud that led to the failure of a Miami bank, a U.S. appellate court ruled Tuesday.
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.
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.
Banking attorneys are closely watching the trial of Miami lawyer Carlos Loumiet for allegedly helping to hide a massive bank fraud, a case they say could disrupt the independent review process often used to vet anti-fraud and anti-money laundering controls.