From the category archives:

Latin America

Banco Latino S.A.C.A. wins jury trial as court enters multi-million dollar judgment against Milagros Cisneros

March 28, 2011 Latin America

Ten years after Banco Latino, S.A.C.A. sued Milagros Cisneros, a member of the prominent Venezuelan family and her now defunct company, Explotaciones Mineras de Venezuela, C.A. (“Exmivenca”), to collect on a multi-million dollar loan, the case ended with a bang.  After three days of a jury trial, Cisneros’ attorneys, Thomas G. Schultz and Bryan T. [...]

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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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China Opens Miami Free Zone “Manufacturers Mall” to Help Latin American Buyers

August 12, 2010 China

Burgeoning China-Latin American trade got a boost August 10 with the opening of the China Sourcing Center, a 76,000-square-foot, duty-free “manufacturers mall” at the Miami Free Zone in Doral. As reported in The Miami Herald, the center enables Latin American commercial buyers to view a range of Chinese products—from building materials to electronics to consumer [...]

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Asian and Middle Eastern Business Ethics Hit Latin America

July 20, 2010 China

Beware when doing business in Latin America. Thanks to growing Chinese and Middle Eastern investment there, fraud and bribery are growing as well. Business practices considered unethical, fraudulent and illegal in the United States, such as bribery and financial “favors,” are largely tolerated and thriving in the developing regions of the Western Hemisphere, with little [...]

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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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Guevara Reward in Peru Spy Case Blocked by 11th Circuit

June 27, 2010 International Assets

In December 2000, Jose Guevara, a former Venezuelan intelligence agent, was introduced by his second cousin to an international fugitive, the target of an international manhunt. Then, spurred in part by the allure of a $5 million reward, Guevara helped authorities capture the fugitive, former Peruvian spy master Vladimiro Montesinos. Montesinos’ capture was considered a [...]

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Colombia Post-Uribe: Predicting the Impact on Business

June 13, 2010 Latin America

Friday, June 25 / 8-9:30 a.m. Hyatt Regency Coral Gables 50 Alhambra Plaza, Coral Gables With an election run-off on June 20th in Colombia between Juan Manuel Santos, a former Colombian defense minister (and strong ally of the current pro-Washington, security-conscious Álvaro Uribe), and Green Party candidate Antanas Mockus, a former mayor of Bogota known [...]

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Freezing Argentina Assets

June 12, 2010 Argentina

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, [...]

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