Tag Archives: RICO

Ex-UBS Puerto Rico Broker is Sentenced to Prison

Jose G. Ramirez-Arone Jr., who formerly worked as a broker for UBS Financial Services of Puerto Rico (UBS-PR), has been sentenced to a year and a day in prison for defrauding investors. Ramirez-Arone, also called Jose Ramirez and known by … Continue reading

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Puerto Rico, the Board, and the Appointments Clause

As many will have seen in the press, the First Circuit has said that PROMESA's Oversight Board was appointed in violation of the Appointments Clause. In short, while PROMESA allowed President Obama to appoint members of the Board without Senate … Continue reading

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Living Under Imperial Constitutional Law in Puerto Rico

Sam Erman, Almost Citizens (2018). Jedidiah Kroncke Sam Erman ends his new book Almost Citizens by describing Puerto Rico as “the oldest colony in the world” (P. 161). This word, colony, might strike some as an overstatement, for the United States … Continue reading

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SACRIFICES ARE FOR THE LITTLE PEOPLE: Dems fly to Puerto Rico on chartered jet, meet with lobbyists…

SACRIFICES ARE FOR THE LITTLE PEOPLE: Dems fly to Puerto Rico on chartered jet, meet with lobbyists, see ‘Hamilton’ as shutdown drags on. Read more detail on Recent Law Professor posts –

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Puerto Rico Consultant McKinsey & Company’s Ownership of $20 Million of Puerto Rico Bonds Raises Conflict of Interest Concerns

In the U.S. House of Representatives, lawmakers have introduced a bipartisan bill that would require advisers and others contracted to help with the debt restructuring proceedings in Puerto Rico to abide by stronger reporting requirements. The move comes in the … Continue reading

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