Showing posts with label Carlos Loumiet. Show all posts

"Dismiss All Charges"


Carlos Loumiet gets one big monkey completely off his back:
Mr. Loumiet added: "I am very glad that this weight has been lifted and I can now move on, putting my full energies on my family, my practice and my work as chair of the New America Alliance, a national association for leading Latinos in U.S. business."
Congrats to Alan Greer and the Richman Greer legal team for a huge and hard-fought victory.

Now go help him deal with this Stanford mess.

And no, Bowman Brown will not be mentioned at all in this post.

Bowman Brown and the Lawyer "Across the Street"


Remember when Bowman Brown repeatedly shared his "brush with Stanford" anecdote? We covered it here, here, here, here, and here.

This is what we wrote back in March 2009:
But it is such a great story. To borrow from Gore Vidal for a moment, the art of a good lawyer war story is to craft something that manages to burnish your own skills and competence at some other lawyer or judge's expense.

By that measure Bowman has hit it out of the park.

Still, there was always this lingering unanswered question:
"What he wanted to do was just not workable in my view, it was not anything I wanted to be near," Brown said. "I told him that I couldn't help him, so he went across the street and found somebody who could and set up in Miami."
So -- just who is Bowman talking about??
Back then it was suggested to possibly be former GT/now Hunton lawyer Carlos Loumiet.

Well in today's Herald comes this remarkable story, which helps give Bowman's anecdote some context:

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 his ventures -- in secrecy.

From a bayfront office in Miami in 1998, he planned to sell investments to customers and send their money to Antigua.

But to pull it off, he needed unprecedented help from an unlikely ally: The state of Florida would have to grant him the right to move vast amounts of money offshore -- without reporting a penny to regulators.

He got it.

Over objections by the state's chief banking lawyer -- including concerns that Stanford was laundering money -- regulators granted sweeping powers never given to a private company.

The new company was also allowed to sell hundreds of millions in bank notes without allowing regulators to check for fraud.

So who, according to the article, helped Stanford out:
Carlos Loumiet, a former Greenberg Traurig lawyer who helped draft the deal, declined to comment, citing ethical concerns.
Maybe someone should ask Bowman who he was talking about?

Just Lucky, I Guess.



This from Alana Roberts in today's DBR:
This is the second, high-profile Loumiet banking client that has been implicated in a fraud.
Note -- Carlos was completely cleared of the first one.

Still, I'm curious -- Bowman Brown, do you have anything to add to this story?

Who Is Bowman Brown's Mystery Man?



Remember when Bowman Brown nearly had his own Teevee show, appearing all over the media and sharing that now-apocryphal "brush with Stanford" anecdote? I love the anecdote personally, but even I started to wonder when I turned on iCarly and dang it! -- there he was again....

But it is such a great story. To borrow from Gore Vidal for a moment, the art of a good lawyer war story is to craft something that manages to burnish your own skills and competence at some other lawyer or judge's expense.

By that measure Bowman has hit it out of the park.

Still, there was always this lingering unanswered question:
"What he wanted to do was just not workable in my view, it was not anything I wanted to be near," Brown said. "I told him that I couldn't help him, so he went across the street and found somebody who could and set up in Miami."
So -- just who is Bowman talking about??

Now comes this tantalizing clue:

As part of his effort to locate and recover Stanford assets, Ralph Janvey, a court-appointed receiver, asked a judge to force the law firm Hunton & Williams LLP to turn over all records of its work for Stanford International Bank, according to papers filed March 24 in federal court in Dallas.

The Richmond, Virginia-based law firm rejected a Feb. 24 request to ship the receiver original files and billing records for Stanford’s foreign businesses, including the Antigua-based bank and operations in Ecuador, Panama and Grenada, according to Janvey.

“The Hunton & Williams law firm has declined to relinquish possession and control of records that are part of the receivership estate,” Janvey said in the filing. “Information regarding valuable assets belonging to the bank and other offshore Stanford entities may be found in the files.”

The law firm and one of its Miami-based lawyers, Carlos Loumiet, questioned Janvey’s jurisdiction over Houston-based Stanford’s foreign records. Janvey, appointed to recover assets to repay victims, said Hunton & Williams is providing only the requested documents for Stanford’s U.S. businesses.

We previously wrote about Carlos here (he was completely acquitted, by the way).

Now Carlos appears to only be representing his firm regarding the subpoena, from what I can tell.

But does this bring us any closer to solving the mystery?




Greenberg Traurig Compared to Grisham's "The Firm"?


Well, consider me stunned.

I am shocked -- shocked mind you -- that in this excellent Herald article on Carlos Loumiet and his disgraced client R. Allen Stanford, there is nary a single mention of The World's Finest Legal Anecdote.

Bowman, you broke my heart.

Still, it's a blockbuster article, and certainly leads one to think there may be some potential liability down the road somewhere.

It's funny how the world can turn in a minute. Here you have Carlos, leaving GT to go to Hunton, and undoubtedly part of that is an evaluation of his book of business. So at that moment having R. Allen Stanford as a major client is a big deal, and attractive to any firm that would want to hire Carlos away from GT.

Now, that client doesn't look so hot:

Though not under criminal investigation, Greenberg Traurig is facing a legal review of its actions on this tiny island that was the center of his banking kingdom.

The court-appointed receiver trying to recover money for victims is demanding records of the legal work provided to the disgraced banker -- including that of Greenberg. The effort is the latest by the receiver to untangle the complex deals spun by Stanford as well as the conduct of his lawyers.

The demand for the records has put a rare spotlight on Greenberg Traurig and another firm, Hunton & Williams, which now holds the records.

``I'm sure one of the things they will look at is what did Greenberg Traurig know, and when did they know it, and did they have any liability?'' said Ross Gaffney, a former FBI agent who investigated Stanford.

Greenberg Traurig's effort to help Stanford in 1998 was one in a string of instances in which the Florida law firm propelled Stanford's business interests and helped rescue him from crisis.

The Miami Herald sought interviews with five lawyers who represented Stanford while working for the law firm, but only two responded.

Those lawyers, citing confidentiality concerns, declined comment, saying they were simply giving legal support and were unaware of any illegal schemes by Stanford.

Cesar Alvarez, the firm's chief executive officer, also declined to be interviewed.

Taking it a step further, The Business Insider wonders whether this all sounds vaguely familiar:

Judge David Godbey in Houston is expected to decide whether the firm must comply.

Regardless, we wonder if John Grisham is taking note. With a few embellishments -- an extortion here, a murder there -- he could have a another big book.

Come on. I don't think this comparison is remotely fair.

For example, there is no one at GT that looks anything like Tom Cruise.

(Gene Hackman, maybe.)

It does, however, raise an interesting question -- who would you cast as Cesar?

VIP Followers

Info recommended by: Webpages of law

Popular entries