US Fights Doral Fraudster's Bid For New Trial

Law360, New York (November 15, 2010, 12:48 PM EST) -- Former treasurer of Doral Financial Corp. Mario "Sammy" Levis has no basis for seeking a new trial after a jury found him guilty of carrying out a $4 billion fraud at the Puerto Rico-based mortgage lender, U.S. prosecutors claim.

On Friday, prosecutors urged Judge Thomas P. Griesa of the U.S. District Court for the Southern District of New York to scrap Levis’ bid for a new trial, maintaining that he received a full and fair trial over his role in a scheme to overvalue Doral’s assets...
To view the full article, register now.