SYS-CON MEDIA Authors: Jim Kaskade, Yeshim Deniz, Elizabeth White, Greg Ness, Sean Houghton

News Feed Item

Media Teleconference: ATFA'S Leadership Denounces Argentine Money Laundering In Nevada

Expert lawyer discusses new legal case in Nevada

WASHINGTON, April 9, 2014 /PRNewswire-USNewswire/ -- On Thursday April 10, American Task Force Argentina will hold a press teleconference.  The purpose of this call is to provide an update on the Argentine government's lack of transparency in several important areas, starting with the recent news that Lazaro Baez, a close ally and confidant of Argentine President Cristina Kirchner, is using the state of Nevada to launder stolen state funds.

AFTA Logo

As reported in the media this week, ATFA member NML Capital is seeking a court order to compel 123 companies that are affiliated with Baez to produce documents that could help locate stolen Argentine state assets.  Baez's ties to Argentina's president are well known.  He is currently under investigation by Argentine prosecutors for embezzling over $65 million of state funds and transferring those funds out of Argentina through his companies in Nevada and elsewhere.  If Baez is convicted of embezzlement, any located stolen funds would be the property of Argentina and therefore could be used to satisfy U.S. court judgments owed to NML.

"Argentina has used elaborate stratagems to shield its assets, and the courts have accused it of acting in 'bad faith' in this regard, said Robert Shapiro, ATFA's Chair. 

ATFA's co-chair, Ambassador Nancy Soderberg, also pointed to news reports this week which show that Argentine officials are meeting with potential investors in Washington, D.C.  El Cronista reports that Economy Minister Axel Kicilloff plans to meet with "businessmen who have companies in Argentina or who intend to invest in the country."

"Argentina refuses to even sit down with American and other foreign bondholders, and it tells American judges that it won't comply with court orders.  Until it changes its behavior, it won't attract the investment that it needs for sound growth," said Soderberg. 

**Attorney Robert Cohen will appear as a guest on the call to answer any questions regarding the motion to compel and the case against Baez in Nevada.  

What:

Argentina's Money Laundering Activities in Nevada

 

When:

 

Thursday, April 10, 2014
2:30 p.m. ET

 

Who:

 

Robert Shapiro and Nancy Soderberg
co-chairs, American Task Force Argentina

 

Special Guest:

 

Robert Cohen
Partner, Dechert LLP





Toll-free call-in numbers: United States / Canada: 1-800-895-0231 or +1-785-424-1054; Argentina: 0-800-666-0250; Mexico: 001-800-514-6145; Brazil: 0-800-891-6744

Conference ID: ATFA  

(Please note, if an international participant is unable to access the call using the international toll free number for their country, please dial in using the toll (785) number)

NOTE:  RSVP required. Please email your RSVP to [email protected]

Robert Cohen is a Partner at Dechert LLP, and is co-head of the firm's global international dispute resolution practice. He has served several times on the firm's Policy Committee. His more than 40 years of experience has included the litigation (including jury trials), arbitration and mediation of complex commercial disputes, often with an international dimension. Mr. Cohen has been regularly recognized by Benchmark Litigation as a "Litigation Star," most recently in the areas of antitrust, intellectual property and general commercial litigation.

About the American Task Force Argentina
The American Task Force Argentina (ATFA) is an alliance of organizations united for a just and fair reconciliation of the Argentine government's 2001 debt default and subsequent restructuring. Our members work with lawmakers, the media, and other interested parties to encourage the United States government to vigorously pursue a negotiated settlement with the Argentine government in the interests of American stakeholders.

Logo - http://photos.prnewswire.com/prnh/20140409/DC02099LOGO

SOURCE American Task Force Argentina

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Media announced today that Skytap blog on "DevOps Journal" exceeded 84,000 story reads. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Noel Wurst is the managing content editor at Skytap. Skytap provides SaaS-based dev/test environments to the enterprise. Skytap solution removes the inefficiencies and constraints that comp...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
"ElasticBox is an enterprise company that makes it very easy for developers and IT ops to collaborate to develop, build and deploy applications on any cloud - private, public or hybrid," stated Monish Sharma, VP of Customer Success at ElasticBox, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...