Exec Convicted in Scheme That Caused $4 Billion Decline in S

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Exec Convicted in Scheme That Caused $4 Billion Decline in Shareholder Value
Thu, 29 Apr 2010 13:22:04 -0500
Mario S. Levis was convicted in New York on securities and wire fraud charges for his role in a scheme to defraud investors and potential investors in the stock of Puerto Rico-based Doral Financial Corporation that took place while he was the treasurer and senior executive vice president of Doral. An aggregate decline in shareholder value of approximately $4 billion followed the unraveling of the scheme.

http://newyork.fbi.gov/dojpressrel/pres ... 42910a.htm