An attorney for banking regulators pointed to a fax Tuesday that could prove crucial in determining whether attorney Carlos Loumiet tried to protect corrupt Hamilton Bank executives. The fax from Hamilton Bank to West Merchant Bank of London discussed the dumping of a Russian loan and the purchase of a junk Hong Kong loan at above-market prices. Special Counsel Lee Straus claims that Loumiet purposely got rid of the fax's cover page to make the transactions look separate in reports for Hamilton auditors.
OCC Attorney Says Fax Will Prove to Be Former Greenberg Partner's Downfall
Daily Business Review
October 10, 2007