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Mar 4, 2011

Haitian candidate wary of Aristide’s planned return

MIAMI (Reuters) – A candidate in Haiti’s decisive presidential run-off said on Thursday she hoped popular former President Jean-Bertrand Aristide would delay his planned return to the country until after the election later this month.

“Personally, as a citizen, I would prefer that he comes back after the elections,” former first lady Mirlande Manigat said in a news conference at Miami’s International Airport.

Mar 2, 2011

Ex-UBS banker ordered released on bond in tax case

, March 2 (Reuters) – A federal judge
on Wednesday ordered the release on bond of a Credit Suisse
banker arrested on charges of helping wealthy American clients
hide their money from U.S. tax authorities when he worked for

U.S. prosecutors accuse Christos Bagios, now a senior
banker at Credit Suisse (CSGN.VX: Quote, Profile, Research, Stock Buzz), of assisting U.S. clients to
evade taxes on assets and income while he worked at UBS
(UBSN.VX: Quote, Profile, Research, Stock Buzz)(UBS.N: Quote, Profile, Research, Stock Buzz) from 1999 through 2005, according to a
criminal complaint.

Mar 2, 2011

US accuses Swiss banker of aiding tax cheats

, March 1 (Reuters) – A former UBS AG
(UBSN.VX: Quote, Profile, Research, Stock Buzz) banker has been charged with conspiracy for helping
wealthy Americans hide assets to evade U.S. income taxes,
according to a criminal complaint unsealed on Tuesday in
federal court in Florida.

Christos Bagios, who now works for Credit Suisse (CSGN.VX: Quote, Profile, Research, Stock Buzz),
was accused of assisting U.S. clients in a bid to conceal their
assets and income from the U.S. government when he worked at
UBS from 1999 through 2005, according to the complaint.

Feb 17, 2011

Florida dad found with dead child held on $1 million bond

MIAMI (Reuters) – A Florida judge on Thursday ordered a man held on a $1 million bond after he was accused of dousing his 10-year-old adopted son with dangerous chemicals and police also found the dead body of a twin daughter in his pickup truck.

The case was prompted by the discovery on Monday of the pickup truck parked on the side of a busy interstate highway near West Palm Beach, Florida. The mystery has left authorities struggling to piece together what happened.

Feb 10, 2011

U.S. turns up the heat on Colombian drug gangs

MIAMI (Reuters) – U.S. authorities are increasing efforts to crack down on criminal gangs in Colombia that are running cocaine to Mexican drug kingpins who are at war with Mexico’s security forces.

On Wednesday, a Miami federal grand jury indicted Diego Perez Henao, a suspected Colombian drug trafficker alleged to be the leader of one such criminal gang, known by its Spanish-language acronym as “Bacrims.”

Feb 8, 2011

Egypt, US may make emerging market investors more selective

, Feb 8 (Reuters) – Investors may be more
finicky when it comes to emerging markets after violence in
Egypt and stronger U.S. data drove record net redemptions from
the sector’s biggest exchange traded fund last week.

Exchange traded equity funds registered net outflows of
$2.173 billion in the week ended Feb. 2 as investors were
rattled by political upheaval in Egypt. The largest flows came
from emerging markets, according to data from Lipper, a Thomson
Reuters service.

Feb 4, 2011

Two U.S. clients of HSBC sentenced for tax evasion

MIAMI (Reuters) – A father-and-son team of Miami-based property developers was sentenced to 10 years in jail on Friday for failing to report more than $49 million of income in a case that marked the first trial since the start of an intensified U.S. crackdown on offshore tax evasion.

Mauricio Cohen and his son, Leon Cohen Levy, both clients of HSBC Holdings Plc, Europe’s largest bank, were convicted in October of using shell entities and offshore tax havens to hide tens of millions of dollars from the U.S. Internal Revenue Service.

Feb 1, 2011

Florida banks oppose foreigner accounts proposal

MIAMI, Feb 1 (Reuters) – Banks operating in Florida are
criticizing a U.S. proposal that would require banks across the
country to report to American tax authorities interest earned
by U.S. bank accounts held by foreigners.

Florida is a leading banking center in the United States
and home to at least $50 billion in deposits from non-U.S.
residents, many of them from Latin America, according to
banking officials.

Dec 29, 2010

Temperatures warmer in Florida’s citrus zones

MIAMI (Reuters) – Temperatures in Florida’s citrus growing zones warmed on Wednesday, giving growers a respite after a cold snap caused fruit damage in the U.S. state that accounts for about 40 percent of the world’s orange juice supply.

“I think in the citrus areas we saw temperatures in the low 30s (Fahrenheit) rather than the 20s we saw yesterday,” meteorologist Logan Johnson of the NWS’s Tampa Bay area told Reuters.

Dec 28, 2010

Man with bullet parts arrested at Miami airport

MIAMI (Reuters) – A man traveling with bullet parts in a suitcase was arrested at Miami’s international airport on Tuesday after his luggage caused a small explosion on the tarmac, causing no injuries or damage, authorities said.

Law enforcement officials said they did not believe the incident had any links to terrorism. The FBI described the man as a 37-year-old nationalized U.S. citizen traveling en route to Jamaica. Authorities did not specify his previous nationality.