Miami Lender Pays $3.8M To End FCA Suit On Ex-Im Loans

Law360, Miami (March 12, 2015, 5:00 PM ET) — Miami-based lender and financial services company Hencorp Becstone Capital LC will pay $3.8 million to resolve allegations that it made false statements and claims to the Export-Import Bank of the United States to obtain loan guarantees, the U.S. Department of Justice announced Thursday.

The allegations were brought in a whistleblower suit under the False Claims Act, in which the federal government chose to intervene. The government claimed that Hencorp acted recklessly in outsourcing important credit review functions to a Peruvian-based former Hencorp business agent, Ricardo Maza,…

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