You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #87: Israel Discount Bank, Hamilton Bank, and Alan Stanford [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
starroute Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-18-09 02:25 PM
Response to Reply #59
87. Israel Discount Bank, Hamilton Bank, and Alan Stanford
When Miami's Hamilton Bank collapsed in 2002 amid allegations of fraud and money-laundering, half of its accounts were taken over by Israel Discount Bank. (The never-entirely-reliable Wayne Madsen claims that Hamilton had been involved in US-Israeli intelligence and money-laundering operations, but I've never been able to confirm that elsewhere.)

In 2004, the New York City branch of Israel Discount Bank was found to have been involved in Brazilian money-laundering -- in the Triple Border region -- amounting to $2.2 billion over 5 years.

Oddly enough, both Hamilton and Israel Discount were represented by Greenberg Traurig, which wound up having to pay the FDIC $7.6 million dollars for having helped Hamilton Bank cover up loan losses related to the Russian debt crisis of 1998.
http://blogs.wsj.com/law/2007/01/03/greenberg-traurig-r... /

Former Greenberg Traurig attorney Carlos E. Loumiet was also charged in that Hamilton Bank case -- and Loumiet has an interesting history of association with Sir Alan Stanford. He was with Greenberg Traurig from 1988 until at least 1999, when he was described in a Washington Post story as Stanford's attorney. (http://www.washingtonpost.com/wp-srv/inatl/daily/oct99/... ) His name also shows up in a story from 2001, when Greenberg Traurig was representing Stanford Financial Group. (http://www.bloomberg.com/apps/news?pid=10000103&sid=a.0... )

Then in 2002 he is described in a campaign donation listing as an executive with the Stanford Financial Group, and since October 2002, he's been with the lobbying firm of Hunton & Williams, where his clients still include Stanford Financial.

Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC