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. Carlos Loumiet and his law firm, Miami-based Hunton & Williams, represented certain foreign entities of Stanford, who, along with his Antigua-based Stanford International Bank, has been accused by the U.S. Securities and Exchange Commission of running an $8 billion Ponzi scheme. Stanford has repeatedly denied the accusations. Ralph Janvey, the Dallas-based attorney appointed as receiver in the case, requested documents on Stanford's entities from Hunton...
The conviction Tuesday of alleged Ponzi schemer Robert Allen Stanford marks the end of one legal battle and the heating up of another: the fight over the Texas businessman's assets held in at least a dozen banks worldwide.
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 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.