In Dominican Republic’s US$145.8M of fraud cases, 0 convictions
DominicanToday - Despite the whopping  RD$7.0 billion swiped in the country’s latest financial frauds, those indicted have yet to be  convicted; most of whom are fugitives while others are free on bail.


The situation affects hundreds of people and includes entities that managed funds in the billions, including Banco Peravia, which is the most scandalous fraud.

Only 8 people were arraigned in that case, while 12 others are fugitives, with international warrants issued for their arrest.

Financiera L & L is the most recent fraud case, which involves Air Force Corp. Waldis Alexander Concepción, who’s on the run. His wife Narkis Lorenzo López was sent to three months of pretrial detention for an alleged fraud of RD$200 million.

Row of scandals

Since the end of 2014 at least ten cases of fraud have been uncovered, prompting dozens of felony charges.

Peravia Bank: RD$1.4 billion pesos and12 fugitives; Financiera L & L; Financiera Inversia (RD$1.4 billion);Providencial Bank (RD$600.0 million); Rona Credit Corp. (RD$200.0 million), and Financiera Belgar (RD$500.0 million).

Also Financiera Morales Comercial (RD$2.0 billion) and La Financiera Americana in Santiago (RD$300.0 million).

Go back | Date: 16 Jan 2018
Proud to be the most
factual DR news site!
We keep the stories
& investigations alive
that cozenage groups
want to hide or forget
Quick Search – All Articles
Video about DR's Sugar Barons
The horrible conditions of Haitian sugar cane workers in the Dominican Republic

The truth about Leonel
Must Watch This Video About President Leonel's DRUG CONNECTIONS!!

Top Stories
Most Read Stories
"This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of criminal justice, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research or any other non-commercial purposes."
Please support our work
1000 of hours are being
spend yearly on collecting
articles, investigations and
answering emails.