Ex-Doral Exec Fights Conviction In $4B Fraud Suit

Law360, New York (November 24, 2010, 5:40 PM EST) -- Doral Financial Corp.’s former treasurer is appealing his fraud conviction after receiving a five-year sentence for lying about the bank’s financial health, ultimately costing investors roughly $4 billion.

On Monday attorneys for Mario “Sammy” Levis notified Judge Thomas P. Griesa of the U.S. District Court for the Southern District of New York that an appeal was under way to overturn his conviction for securities and wire fraud.

Greenberg Traurig LLP’s Jesus Cuza said Levis had strong grounds for appeal but declined to discuss the particular focus...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.