Freezing Argentina Assets

by admin on June 12, 2010

While perhaps not as egregious a ploy as Ponzi schemes à la Madoff and Stanford, the Argentine bond swindle hurts investors just the same.

Argentine Government’s Refusal to Meet Bondholder Obligations

The Argentina government’s refusal to meet bondholder allegations for years—without any justification—ranks as international financial malfeasance demanding remedy. Luckily, after a half-decade legal struggle, we were recently able to freeze some $2.43 billion—yes, “billion” with a “B”—in U.S.-based Argentine assets in hopes of recouping monies for beleaguered investors.

U.S. District Court Judge Thomas Greisa hailed as hero in Argentine media

Here’s the ruling by U.S. District Court Judge Thomas P. Greisa, in which he underscores the importance of the “hunt for assets” on behalf of investors; a Financial Times article on the ruling; and a copy of the Diaz Reus news release.

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