Tag Archives: Florida

TD Bank says “copying error” caused altered document in fraud-money laundering case; but victim says that’s nonsense

By ACFCS Staff The case in which TD Bank has already lost a precedent-setting verdict for “aiding and abetting fraud” arising from collusion with one of its customers to defraud numerous persons and to launder the proceeds has taken an ugly turn. A 70-day trial that ended in January produced a $67 million victory for […]

TD Bank, lawyers accused of “fraud on court” for presenting false “Customer Due Diligence Form” in seminal AML civil case

By Brian Kindle TD Bank, one of the world’s largest financial institutions, is facing what may be the most explosive and damaging risk it has ever confronted. In a federal district court in Miami, it was accused this week of “working a fraud on the court and the jury” by doctoring a crucial document it […]

Stanford’s Lawyer Played Key Role In Shielding Banker From Scrutiny

By Zachary Roth We told you arlier today about Yolanda Suarez, the Florida lawyer who forged ties with members of Congress and ran interference with journalists on behalf of Allen Stanford. But it’s also worth paying attention to another Florida lawyer and key Stanford ally, who appears to have played an equally crucial role in […]

Former agent goes to court on Stanford-related charge

A former top federal drug agent appeared handcuffed in a Fort Lauderdale, Fla., federal court today, a day after he was indicted on charges related to the Stanford Financial Group fraud case. Thomas Raffanello, who was Stanford Financial’s global security director, is accused of conspiracy, destroying records and impeding a probe by the U.S. Securities […]

Stanford’s Shredded Florida Papers Being Reassembled

Shredded documents seized from R. Allen Stanford’s South Florida offices are being pieced back together by prosecutors probing allegations the Texas financier ran a $7 billion Ponzi scheme. U.S. Magistrate Judge Barry Seltzer of Fort Lauderdale, Florida, said federal prosecutors told him yesterday that within the next two months they will have “re-assembled the contents […]

Florida banking agency helped Stanford set up unregulated office to sell his CDs

Florida regulators – over objections by the state’s top banking lawyer – gave sweeping powers to banker Allen Stanford, accused of swindling investors of $7 billion. Years before his banking empire was shut down in a massive fraud case, Allen Stanford swept into Florida with a bold plan: entice Latin Americans to pour millions into […]

R. Allen Stanford and Miami-based Greenberg Traurig

Miami Herald runs an excellent story on R. Allen Stanford (charged with multi-billion fraud) and a new angle: the stage was set for Stanford’s multi-billion fraud in 1998, the year Stanford persuaded Florida banking regulators to grant his company special rights to open a Miami office outside the scrutiny of federal banking regulators. In this […]