Subscribe- Plaintiff
- Banco Intercontinental
- Represented By:
- Sarasua, Alberto (Sarasua Alberto Kiko)
- Defense
- Var Holdings
- Represented By:
- West, Bryan (Tew Cardenas LLP)
Summary
Banco Intercontinental (or BANINTER) was the second largest privately held commercial bank in the Dominican Republic, before collapsing in 2003 in a spectacular fraud tied to political corruption.
According to the plaintiff, $58M was diverted from the bank, and a federal judge trebled the damages in entering a judgment on racketeering charges, which entitled the plaintiff to collect $158M.
Var Holdings was an entity related to the perpetrator of the fraud, and allegedly received over $1M as a fraudulent transfer to purchase a condominium. The defendant claimed that the allegedly fraudulent transfer had a legitimate purpose, and that the plaintiffs should have pursued their claim earlier.
The jury found that the transfers were fraudulent.
Outcome
The jury found the transfers were fraudulent
- Plaintiff
- Defense
- Judge
- Gill Freeman
- Jurisdiction
- 11th Judicial Circuit of Florida
- Court
- Dade County Courthouse
- Case Number
- 2006-22911-CA-01
- Industry
- Finance
- Practice Area
- Commercial Law, Tort Law, Fraud
- Expert Witnesses
Sessions
AM Session
Openings
8 Chapters
PM Session
Not in Session
0 Chapters
AM Session
Plaintiff Witness(es)
12 Chapters
PM Session
Plaintiff Witness(es)
14 Chapters
AM Session
Closings
5 Chapters
PM Session
Verdict
4 Chapters