Entries by Attorney

Money to Burn and a Boca Raton Home Part of Insider Trading Scheme

Virginia attorney Matthew Kluger and New York stock trader Garrett D. Bauer were sentenced to 12 years and 9 years, respectively, for a 17-year insider trading scheme. Working together, the two netted $37 million in profits by trading ahead of more than 30 different corporate transactions based on confidential insider trading information that Kluger stole […]

Jade Apartment Complex in Miami Target of $5.6 Million Mortgage Fraud Scheme

Lilia Casal-Diaz, 42, a real estate attorney, Andres Mendez, 47, and his son, Andy Mendez,  26, who both worked as real estate brokers, Josephine Santana, 57, a mortgage broker, Jose Rafael Martinez, 36, and Basilio Gomez, 52, all of Miami-Dade County, have been sentenced to terms of imprisonment for their participation a multi-million dollar mortgage […]

Claudio Osorio of InnoVida in Miami Beach Charged with Fraud

Claudio Osorio stole nearly half of the money raised from investors to pay the mortgage on his multi-million dollar mansion and other lavish lifestyle expenses, alleges the Securities and Exchange Commission. The SEC charged Osorio with defrauding investors by grossly exaggerating the financial success of his company that purportedly produced housing materials to withstand fires […]

Toyota Denied Recovery of Costs

Isabel Magdalena, et al v. Toyota Motor Corporation, et al., 2017 WL 5760268 (Fla. 3d DCA Nov. 29, 2017) By way of background, the Magdalena family was driving home in Panama when their car hit a tree. The driver’s side airbag in their Toyota Land Cruiser failed to deploy. Because of injuries sustained by the […]

SEC and FINRA Issue Year End Investment Alert

The “fiscal cliff” may be of concern to individual investors as the end of 2012 rapidly approaches, according to a new investor alert. If not resolved, the fiscal cliff could result in increased capital gains and dividend income tax rates. Potential changes in these tax rates could result in year-end sell-offs as some investors may […]

Brazilian Igor Cornelsen to Pay $5.1 Million for Burger King Insider Trading

Brazilian ex-banker Igor Cornelsen and his firm through which he made trades – Bainbridge Group – reaped illicit profits of more than $1.68 million by trading Burger King options based on confidential information ahead of the company’s September 2010 announcement that it was being acquired by a New York private equity firm, according to the […]

Art Basel Guide, Miami Beach, December 6-9, 2012

Art Basel, now in its 11th year, runs this weekend, December 6-9, in Miami Beach, Florida. Recognized as one of the most prestigious art shows in the Americas, Art Basel features more than 260 leading galleries from North America, Europe, Latin America, Asia and Africa. Works by more than 2,000 artists of the 20th and […]

South Florida Personal Income Decline in 2009 at Historic Levels

Making ends meet in South Florida has been a challenge in recent years, and the U.S. Government issued a report this week that confirmed a drop in local personal incomes. Residents of the metropolitan statistical area (MSA) that runs from Miami-Dade County through Fort Lauderdale up to Pompano Beach experienced a significant drop in personal […]

Father gets Second Bite to Stop Paying Child Support

L.G. v. Department of Children and Families, 227 So.3d 653 (Fla. 4th DCA 2017) In this case, Florida’s Fourth District Court of Appeal reversed an order denying a father’s (L.G.) request to renounce his paternity of a child. While the father and the mother were never married, L.G.’s name was listed as the father on the […]