Article: US state department names more than 50 corrupt officials in Central America

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US state department names more than 50 corrupt officials in Central America

Associated Press in Guatemala City, 01 July 2021

The US state department has named more than 50 current and former officials, including former presidents and active lawmakers, suspected of corruption or undermining democracy in three Central American countries.

Among the most prominent figures on the list are former Honduras president José Porfirio “Pepe” Lobo Sosa and his wife Rosa Elena Bonilla de Lobo. The State Department report alleges Lobo Sosa took bribes from a drug cartel and his wife was involved in fraud and misappropriation of funds. Both deny the allegations. Bonilla’s conviction on related charges was invalidated by the supreme court last year and she is awaiting a new trial. Continue reading “Article: US state department names more than 50 corrupt officials in Central America”

Article: ‘I regret any harm:’ Short seller compensates target in rare move

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‘I regret any harm:’ Short seller compensates target in rare move

Lawrence Delevingne, 22 June 2021

BOSTON, June 21 (Reuters) – A small Texas investor who caused shares of a real estate investment trust to plunge 39 percent in a day has agreed to pay the company restitution to settle a lawsuit against him, a rare development that could embolden other companies to pursue such claims.

Quinton Mathews, who published his research on companies online under the pseudonym Rota Fortunae, will pay Farmland Partners Inc (FPI.N) “a multiple” of the profits on his short bet in 2018, according to the terms of the legal settlement announced late Sunday. His research had helped wipe as much as $115 million off Farmland’s market value. Continue reading “Article: ‘I regret any harm:’ Short seller compensates target in rare move”