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Miami Herald calls Alvarez Renta verdict a milestone – DominicanToday.com


Miami Herald calls Alvarez Renta verdict a milestone – DominicanToday.com

ANALYSIS – Victory against Latin bank fraud marks milestone A Dominican government legal victory in Miami sparks questions about banking justice in Latin America BY JANE BUSSEY – jbussey@herald.com The Dominican government’s victory in a Miami courtroom earlier this week over one of the Caribbean nation’s most powerful financiers was a milestone in bringing the alleged architects of the country’s 2003 banking crisis to justice. But a bigger question for Latin America is whether the judgment against Dominican business executive Luís Alvarez Renta will set a precedent in a region frequently roiled by banking and fraud crises. Bankers, lawyers and financial analysts concur that the verdict in the civil case […]