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Financial Fraud

Financial Fraud

You’ll Want to Keep Your Money

July 30, 2013 Anti-Money Laundering

You might be aware that financial institutions are required to report deposits of $10,000 or more by filing what is called a “Currency Transaction Report,” or CTR.  What you might not know is that it is that making multiple deposits of less than $10,000, in multiple accounts, in order to avoid the CTR reporting threshold, […]

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U.S. Federal Judge Denies Dismissal of U.S. Auto Dealer’s Lawsuit Against Indian Truck Manufacturer Mahindra

March 11, 2013 Commentary

Mahindra duped hundreds of U.S. auto dealers and walked away with more than $60 million in cash and trade secrets. A federal lawsuit was filed in June 2012 against Mahindra & Mahindra, Ltd, and Mahindra USA, Inc., by dealerships in New Hampshire, Florida, California, New Jersey, and Washington. The commercial suit accused the Indian truck […]

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Bob Targ to speak at the International Symposium on Economic Crime, Cambridge, UK | Fall 2013

February 4, 2013 Anti-Money Laundering

The threats of serious financial crime and abuse in both the public and private sector are many. The resources that can be deployed in protecting both economies and institutions are best placed by taking preventive measures.  However, in the complex world in which we live, the issues are not always straightforward. In some instances, preventative […]

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Global Vehicles vs. Mahindra & Mahindra | A case of fraud, misrepresentation and conspiracy

June 12, 2012 Financial Fraud

A bag of false promises. When someone makes a promise then doesn’t deliver on that promise, the normal reaction for the duped is disappointment. But, when a major international truck manufacturer signs a contract with a franchisee dealer that requires significant advance costs, then manipulates the details in such a way that they take the […]

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Association of Certified Anti-Money Laundering Specialists 2011 Conference

May 9, 2011 Anti-Money Laundering

Viva Las Vegas!   Las Vegas – September 19-21, 2011: The Association of Certified Anti-Money Laundering Specialists (ACAMS) ACAMS 10th Annual conference is packed with practical information including newly revamped and highly interactive sessions led by experts from leading global organizations. [See highlights below] Diaz Reus is pleased to be the Diamond Sponsor for this […]

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Five years after indictments, Tom DeLay gets his day in court

October 26, 2010 Commentary

Former United States House of Representatives Majority Leader, Tom DeLay—noted as a polarizing politician throughout the Bush years—will finally get his day in court next month to defend five-year-old charges of money laundering and conspiracy to commit money laundering. Appeals of pretrial rulings have repeatedly slowed down the case. Prosecutors accused DeLay and two others […]

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Federal Court’s Decision Limits RICO’s Reach Outside U.S

August 26, 2010 Financial Fraud

New York, NY (PRWEB) August 25, 2010 Federal Court’s Decision Limits RICO’s Reach Outside U.S. Yesterday, a federal court in New York dismissed a RICO lawsuit brought by one of Venezuelan President Hugo Chavez’s most vocal critics, Eligio Cedeno. Mr. Cedeno, a fugitive from the Venezuelan justice system who is currently in Miami, Florida, sued […]

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Dubai Debtors Prison Snares Unwary Businesspeople

August 12, 2010 Commentary

Diaz Reus partner Carlos Gonzalez is quoted in a compelling August 11 Bloomberg article on the sorry state of Dubai justice and the dubious incarceration of foreign executives suspected of fraud. While striving to become a world-class financial center, Dubai’s justice system remains archaic and provincial. In an effort to address fraud and over-development, it […]

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China’s New Regulation of E-Comerce: Fundamental Impact to Pay Pal and Third Party Payment Services

August 12, 2010 China

WILL PAYPAL THRIVE IN CHINA? Guest post by Vincent Li, Associate Attorney, Diaz Reus. On June 21, 2010, the central bank of China issued the administrative rules governing payment services by non financial institutions (the “Rules”).  The Rules are the first set of regulatory measures China has adopted towards non-bank third-party payment processors like PayPal.  […]

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Recovering Assets from International Financial Fraud

July 20, 2010 Caribbean

The element of surprise. Tracking monies stolen by a Ponzi-scheme architect being prosecuted by the SEC, our investigators and attorneys found $15 million secreted in Panama accounts and moved to repatriate the assets. But two days before the freeze orders hit, the bad guys got tipped off by corrupt bank officials and moved the cash […]

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