Alleged Ponzi Schemer Released On $1M Bail

Law360, New York (September 27, 2010, 5:13 PM EDT) -- A woman accused of bilking Filipino immigrants in New York City out of more than $1 million — leading them to believe they were funding companies to help secure jobs for Filipino nurses and nannies — has paid bail and been released pending trial.

Razel Canedo, also know as Razel Torres and Razel Agravante, posted a $1 million bond, cosigned by her mother and sister, in the U.S. District Court for the Southern District of New York on Friday, according to a court order.

Canedo, who...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.