Sunday, July 5, 2009

Bowman Brown and the Lawyer "Across the Street"


Remember when Bowman Brown repeatedly shared his "brush with Stanford" anecdote? We covered it here, here, here, here, and here.

This is what we wrote back in March 2009:
But it is such a great story. To borrow from Gore Vidal for a moment, the art of a good lawyer war story is to craft something that manages to burnish your own skills and competence at some other lawyer or judge's expense.

By that measure Bowman has hit it out of the park.

Still, there was always this lingering unanswered question:
"What he wanted to do was just not workable in my view, it was not anything I wanted to be near," Brown said. "I told him that I couldn't help him, so he went across the street and found somebody who could and set up in Miami."
So -- just who is Bowman talking about??
Back then it was suggested to possibly be former GT/now Hunton lawyer Carlos Loumiet.

Well in today's Herald comes this remarkable story, which helps give Bowman's anecdote some context:

Years before his banking empire was shut down in a massive fraud case, Allen Stanford swept into Florida with a bold plan: entice Latin Americans to pour millions into his ventures -- in secrecy.

From a bayfront office in Miami in 1998, he planned to sell investments to customers and send their money to Antigua.

But to pull it off, he needed unprecedented help from an unlikely ally: The state of Florida would have to grant him the right to move vast amounts of money offshore -- without reporting a penny to regulators.

He got it.

Over objections by the state's chief banking lawyer -- including concerns that Stanford was laundering money -- regulators granted sweeping powers never given to a private company.

The new company was also allowed to sell hundreds of millions in bank notes without allowing regulators to check for fraud.

So who, according to the article, helped Stanford out:
Carlos Loumiet, a former Greenberg Traurig lawyer who helped draft the deal, declined to comment, citing ethical concerns.
Maybe someone should ask Bowman who he was talking about?

6 comments:

shumietime for the princess said...

First again. !!! I'd like to celebrate by taking the Princess on a long cruise on a yacht. We'd lie on deck and rub suntan oil on each other, and then snorkle a bit, and then jump into the water (hahahah) and then cruise back under the sunset with wine and a nice grilled fish dinner.

But alas I don't have a yacht, nor even the phone number for the princess. But I am first.

Anonymous said...

SECOND!! I have a yacht 8:52-- wanna borrow it? [You dont get to borrow the Princess. She's mine]

Anonymous said...

I'd third and Carlos is fourth.

Anonymous said...

The fifth of Bowman?

Anonymous said...

Sixth?

Anonymous said...

PARODY ...... The PONZI PRINCES ...... JEB BUSH , JOHN ASHCROFT , Fred Lewis and MARRA LANSKY were predisposed to any businessman with a MOMBACH lawyer in tow .