A financial regulator should drop its case against an attorney 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 (OCC) said in November 2006 that Miami-based lawyer Carlos Loumiet suppressed evidence and made false statements to conceal executive fraud at the now-defunct Hamilton Bank. The bank's chairman and other top officers were sent to prison for hiding $20 million in losses from Russian loans. In a 57-page opinion, Administrative Law Judge Ann Cook dismissed the OCC's argument,...
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.
In February, the U.S Attorney's Office in Miami charged Benedict Kuehne of helping to disguise narcotics proceeds that were a portion of more than $5 million in fees paid by a drug trafficker to his defense lawyer.