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.
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.
An Antigua and Barbuda financial services association is lobbying to improve the islands' reputation in the wake of an alleged Ponzi scheme tied to one of the jurisdiction's biggest investors.
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.
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