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    Articles Bahamas Banks & Trusts Cayman Islands Featured Fraud Portugal USADecember 15, 2003

    Nine indicted for allegedly defrauding Espirito Santo Bank

    mm
    By
    20 years ago

    Topics

    Bahamas Banks & Trusts Cayman Islands Fraud Portugal
    USA
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    Keywords

    Ariadna Puerto Bank Espirito Santo Carlos Mendez Dominick Parlapiano Eduardo Orlansky
    ES Bankest LLC Espirito Santo Bank Hector Orlansky Howard Cantor Jeffrey Barnhill Otto Ambrosiani Peter Stanham
    [ 7 more... ] [ top 5 ]

    Nine businessmen have been criminally indicted in Florida for allegedly perpetrating an accounts receivable factoring scam which an offshore bank group claims has cost it approximately $170 million.
    The December 4th indictment relates to the same circumstances which led to Cayman Islands-licensed Bank Espirito Santo (International) Ltd. filing a civil lawsuit against E. S. Bankest LLC earlier this year.