U.S. Comptroller of the Currency John Dugan issued an order Monday dropping all charges alleging that Carlos Loumiet helped conceal fraud at Miami-based Hamilton Bank before it collapsed seven years ago. Dugan cited an insufficient case record and the exclusion of a key witness before concluding there was insufficient evidence that "Loumiet's conduct caused the requisite harm to establish the 'effect' element necessary to hold him responsible."
Feds in Bank Fraud Case Drop All Charges Against Former Greenberg Partner
Daily Business Review
July 29, 2009